Xizi Clean Energy Equipment Manufacturing Co Ltd (002534) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Xizi Clean Energy Equipment Manufacturing Co Ltd stock ¥7.62, price ¥14.19, that is 46.3% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Xizi Clean Energy Equipment Manufacturing Co Ltd
002534 · SHEOur calculation puts a fair price 46% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥7.62 – ¥31.92 · fair‑value band ¥6.07 – ¥9.44 · the ¥14.19 price screens above the ¥7.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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Company profile
Xizi Clean Energy Equipment Manufacturing Co., Ltd., together with its subsidiaries, manufactures and sells waste heat recovery boilers in China and internationally.
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It offers gas turbine waste heat boiler; dry quenching coke waste heat boilers; sintering machine waste heat boilers; cement kiln waste heat boilers; hot water boilers; and power station boilers, such as circulating fluidized bed boilers, pulverized coal furnaces, and blast furnace gas.
The company also provides power station auxiliary equipment, including high- and low-pressure heaters, deaerators, and condensers; waste incineration, biomass, natural gas, wastewater, and gas boilers; sludge boilers, molten salt heat absorbers, exchangers, and storage tanks; low temperature nitrogen combustion; SCR/SNCR equipment; and nuclear power equipment comprising nuclear power conventional island auxiliaries, and civil nuclear secondary and third level equipment.
In addition, it offers thermal oil heat, petrochemical, and chemical heat exchangers, as well as other heat exchangers; seawater desalination equipment devices; gasifiers; EP/EPC/PC projects; pressure vessels; spare parts, such as super heaters, economizers, and other components; and technical services, project modifications, engineering, repair, maintenance, and other services.
The company was formerly known as Hangzhou Boiler Group Co.,Ltd. and changed its name to Xizi Clean Energy Equipment Manufacturing Co., Ltd. in January 2022. The company was founded in 1955 and is headquartered in Hangzhou, China.
Stock analysis
Xizi Clean Energy Equipment Manufacturing Co Ltd (002534) currently trades at ¥14.19, while our model-based Fair Value estimate is ¥7.62, 46% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥10.69 per share, and 1 of the 26 models we run sit above the ¥14.19 price.
Bear case: the Dividend Discount group reads lowest at ¥1.86, and 25 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥6.07 (bear) to ¥9.44 (bull), the price of ¥14.19 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Xizi Clean Energy Equipment Manufacturing Co Ltd reported revenue of 6.2B CNY in FY2025 versus 6.6B CNY in FY2021, a compound −1.3%/yr. Reported net income was 437M CNY in FY2025, compounding +1.0%/yr from FY2021.
Key figures
Market cap 11.9B CNY (≈ $1.8B) Small · P/E ratio 38.4 · P/S ratio 2.64 · EPS (TTM) ¥0.3700 · Dividend yield 0.7% · Net margin 5.3% · Return on equity 7.1% · Return on assets (EBIT) 2.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −46%, 002534 screens richer than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
002534 screens overvalued: fair value 46% below the price. Compare with SIE →
Compare Xizi Clean Energy Equipment Manufacturing Co Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 814 stocks
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: Industrials
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Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
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| Illinois Tool Works Inc ITW | $280.95 | $154.30 | −45% | vs 002534 |
| Sandvik AB SAND | kr 357.40 | kr 194.33 | −46% | vs 002534 |
| Parker-Hannifin Corporation PH | $917.79 | $492.86 | −46% | vs 002534 |
| Emerson Electric Co EMR | $162.35 | $79.99 | −51% | vs 002534 |
| Eaton Corporation ETN | $341.72 | $156.90 | −54% | vs 002534 |
| Rockwell Automation, Inc ROK | $375.86 | $139.31 | −63% | vs 002534 |
| GE Vernova Inc GEV | $774.11 | $143.50 | −81% | vs 002534 |
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Key figures of Xizi Clean Energy Equipment Manufacturing Co Ltd
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