Chengdu Rainbow Appliance Gr (003023) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Chengdu Rainbow Appliance Gr stock ¥11.04, price ¥21.69, that is 49.1% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥11.77 – ¥38.87 · fair‑value band ¥10.51 – ¥11.85 · the ¥21.69 price screens above the ¥11.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Chengdu Rainbow Appliance (Group) Shares Co., Ltd. manufacture and sells flexible electric heating blankets in China. The company offers electric blanket, heated overblanket, electric heating pad, and electric feet warmer. The company was founded in 1982 and is based in Chengdu, China.
Stock analysis
Chengdu Rainbow Appliance Gr (003023) currently trades at ¥21.69, while our model-based Fair Value estimate is ¥11.04, 49% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥18.61 per share, and 2 of the 15 models we run sit above the ¥21.69 price.
Bear case: the Dividend Discount group reads lowest at ¥3.65, and 13 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥10.51 (bear) to ¥11.85 (bull), the price of ¥21.69 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 53/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Chengdu Rainbow Appliance Gr reported revenue of 1.1B CNY in FY2025 versus 1.1B CNY in FY2021, a compound +0.0%/yr. Reported net income was 63.7M CNY in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap 2.3B CNY (≈ $342M) Small · P/E ratio 83.4 · P/S ratio 1.97 · EPS (TTM) ¥0.2600 · Dividend yield 1.6% · Net margin 2.4% · Return on equity 2.0% · Return on assets (EBIT) 5.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −26% fair-value upside, at −49%, 003023 screens richer than that median.
Fair Value models
Bear¥10.51Fair Value ¥11.04Bull¥11.85
Price ¥21.69 · Downside -49.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.22/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−12.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.5%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−9.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.8%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10.8% vs −4.1%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 6%
Compare Chengdu Rainbow Appliance Gr with another stock
Price, fair value, quality and upside side by side.
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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.Household & Personal Products · 230 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−49.1% · Bottom 25%
Profitability
Return on equity (12 months)2.0% · Below median
Return on assets3.1% · Below median
Net margin (12 months)2.4% · Below median
Operating margin (12 months)−17.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.7% · Below median
Dividend yield (12 months)1.6% · Below median
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
P/E (12 months)83.4× · Priciest 25%
P/B1.46× · Cheaper than median
P/S (12 months)1.97× · Pricier than median
EV/EBITDA23.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 36
FUTURE (revenue growth)19· sector 20
PAST (return on equity)8· sector 31
HEALTH (low debt)0· sector 98
DIVIDEND (yield)32· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Chengdu Rainbow Appliance Gr Fair Value". https://www.fairvalue-calculator.com/stock/003023
Frequently asked questions
Is Chengdu Rainbow Appliance Gr (003023) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥11.04 versus a price of ¥21.69, about 49% lower (overvalued).
What is the fair value of 003023?
Our model-based fair value for Chengdu Rainbow Appliance Gr is ¥11.04 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥21.69.
What is the quality score of 003023?
Chengdu Rainbow Appliance Gr has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Chengdu Rainbow Appliance Gr (003023)?
Our model-based price target is the fair value of ¥11.04 (as of Nov 8, 2026) from 15 valuation models. Cautious scenario ¥10.51, optimistic scenario ¥11.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Chengdu Rainbow Appliance Gr stock forecast for 2026?
Our models put fair value at ¥11.04, about 49% lower versus a price of ¥21.69 (overvalued). Cautious scenario ¥10.51, optimistic scenario ¥11.85. The calculation is refreshed regularly with new filings.
What is the revenue of Chengdu Rainbow Appliance Gr (003023)?
Chengdu Rainbow Appliance Gr reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Nov 8, 2026).
Does Chengdu Rainbow Appliance Gr pay a dividend?
Chengdu Rainbow Appliance Gr currently shows a dividend yield of 1.61% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Chengdu Rainbow Appliance Gr (003023) and when is the ex-dividend date?
Chengdu Rainbow Appliance Gr pays a dividend of ¥0.35 per share a year, a dividend yield of 1.6%. The last ex-dividend date was Jun 12, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 135% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Chengdu Rainbow Appliance Gr (003023)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chengdu Rainbow Appliance Gr it is ¥11.04 per share (as of Nov 8, 2026), against a price of ¥21.69. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Chengdu Rainbow Appliance Gr stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 003023 trades above its calculated fair value: price ¥21.69, fair value ¥11.04, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 003023?
No. The price is what the market pays today (¥21.69); the fair value is what the company's own numbers justify (¥11.04). For Chengdu Rainbow Appliance Gr the two are ¥10.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chengdu Rainbow Appliance Gr worth?
The market values Chengdu Rainbow Appliance Gr at about 2.3B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥21.69; our models calculate a fair value of ¥11.04 per share.
What do the bullish and bearish scenarios say about 003023?
Our models span a range for Chengdu Rainbow Appliance Gr: cautious scenario ¥10.51, base ¥11.04, optimistic ¥11.85 per share (as of Nov 8, 2026, price ¥21.69). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 003023?
Chengdu Rainbow Appliance Gr trades at a price-to-earnings ratio of 83.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥11.04 is built from several models across several years. Other multiples: P/B 1.5, P/S 2.0, EV/EBITDA 23.9.
How solid is the balance sheet of Chengdu Rainbow Appliance Gr (003023)?
Balance-sheet figures for Chengdu Rainbow Appliance Gr (as of Nov 8, 2026): return on equity 2.0%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 003023 from its 52-week high?
Chengdu Rainbow Appliance Gr trades at ¥21.69, about 34% below its 52-week high of ¥32.88 and 28% above the low of ¥16.88 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥11.04 is for.
Which stocks are comparable to Chengdu Rainbow Appliance Gr?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, The Estée Lauder Companies Inc, Henkel AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Chengdu Rainbow Appliance Gr stock attractive at the current price?
The data as of Nov 8, 2026: price ¥21.69, calculated fair value ¥11.04 (−49%), Quality Score 53/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 003023 calculated?
We run Chengdu Rainbow Appliance Gr through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥11.04 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Chengdu Rainbow Appliance Gr itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Chengdu Rainbow Appliance Gr (003023)?
The closing price on Nov 6, 2026 was ¥21.69. Our model-based fair value is ¥11.04, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chengdu Rainbow Appliance Gr right now?
The price sits above even our optimistic bull case (¥11.85). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (¥10.51 to ¥11.85), unusually little disagreement for a valuation.
Key figures of Chengdu Rainbow Appliance Gr
How large is the market capitalisation of Chengdu Rainbow Appliance Gr (003023)?
The market capitalisation of Chengdu Rainbow Appliance Gr is 2.3B CNY (≈ $342M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Chengdu Rainbow Appliance Gr (003023)?
The price-to-sales ratio of Chengdu Rainbow Appliance Gr is 1.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chengdu Rainbow Appliance Gr (003023)?
Earnings per share at Chengdu Rainbow Appliance Gr are ¥0.2600 (price ÷ EPS = P/E 83.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chengdu Rainbow Appliance Gr (003023)?
The dividend yield of Chengdu Rainbow Appliance Gr is 1.6% (payout 135%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Chengdu Rainbow Appliance Gr (003023)?
The net margin of Chengdu Rainbow Appliance Gr is 2.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Chengdu Rainbow Appliance Gr (003023)?
The return on equity (ROE) of Chengdu Rainbow Appliance Gr is 2.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Chengdu Rainbow Appliance Gr (003023)?
On an EBIT basis the return on assets of Chengdu Rainbow Appliance Gr is 5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Chengdu Rainbow Appliance Gr (003023)?
The operating margin of Chengdu Rainbow Appliance Gr is −17.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chengdu Rainbow Appliance Gr (003023)?
Revenue at Chengdu Rainbow Appliance Gr is growing +3.7% versus a year earlier (3y avg −0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Chengdu Rainbow Appliance Gr (003023)?
Earnings per share at Chengdu Rainbow Appliance Gr are growing −84.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Chengdu Rainbow Appliance Gr (003023) generate?
The free cash flow of Chengdu Rainbow Appliance Gr is −67.0M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Chengdu Rainbow Appliance Gr (003023) hold?
Chengdu Rainbow Appliance Gr holds more cash than debt, 898M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026