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Guangdong Sanhe Pile Co (003037) Fair Value & Analysis

Basic Materials · CN · Market cap 3.7B CNY

GS Guangdong Sanhe Pile Co 003037 · SHE
Price¥5.70
Fair Value¥2.10
Upside-63.1%
Quality36/100
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Weak Growth
Thin margins · 0.6% net margin
Low debt · negative free cash flow
7.99% dividend yield
Trails peers (2/13)
Narrow moat 20/100
Evidence: Medium Range ¥1.58 – ¥2.64 Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥1.95 to ¥2.10 (+7.8%) since Jun 25, 2026. Share price −9.1% over the past month.

Below-average quality, and screening another 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.64). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥20.66 ¥4.80 Fair Value ¥2.10 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥4.80 – ¥20.66 · fair‑value band ¥1.58 – ¥2.64 · the ¥5.70 price screens above the ¥2.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Guangdong Sanhe Pile Co (003037) currently trades at ¥5.70, while our model-based Fair Value estimate is ¥2.10, implying the stock looks roughly 63.1% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Guangdong Sanhe Pile Co generated revenue of 6.0B CNY at a net margin of 0.6%. Revenue declined 6.2% year over year. It earns a return on equity of 1.3%. Net debt stands at 787M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥1.58 (bear case) to ¥2.64 (bull case); at ¥5.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -63%, 003037 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥3.20 ¥3.06 ¥2.33 76
ROIC Compounder ¥2.41 ¥2.69 ¥2.93 72
Gordon GGM ¥1.22 ¥1.35 ¥1.53 70
All 15 models by family
DCF Models
Owner Earnings ¥1.01 ¥1.14 ¥1.38 31
Earnings-Based
Graham-Dodd ¥0.5400 ¥0.7500 ¥0.8800 54
EPV ¥2.41 ¥2.69 ¥2.93 59
Dividend Discount
Gordon GGM ¥1.22 ¥1.35 ¥1.53 70
DDM Multi-Stage ¥1.22 ¥1.55 ¥1.97 61
Multiples
P/E Multiple ¥1.01 ¥1.34 ¥1.68 63
P/S Multiple ¥1.01 ¥1.34 ¥1.68 58
P/B Multiple ¥1.01 ¥1.34 ¥1.68 55
EV/EBIT ¥3.27 ¥4.15 ¥5.03 53
EV/EBITDA ¥5.76 ¥7.47 ¥9.18 54
EV/Revenue ¥2.92 ¥3.90 ¥4.88 43
Asset-Based
NCAV (Graham) ¥2.31 ¥3.10 ¥4.63 50
Economic Profit
Residual Income ¥3.20 ¥3.06 ¥2.33 76
ROIC Compounder ¥2.41 ¥2.69 ¥2.93 72
Growth Earnings
Growth-Adj P/E ¥0.7200 ¥1.03 ¥1.33 68

Widest divergence: Asset-Based (¥3.10) versus Earnings-Based (¥0.7500). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 6.0B CNY
Revenue growth (YoY) -6.2%
Net margin 0.6%
Return on equity 1.3%
Free cash flow −313M CNY FY2025
P/E ratio 103.2
More key figures
Operating margin 3.5%
EPS (TTM) ¥0.0600
Dividend yield 8.0%
EPS growth (YoY) -36.6%
Net debt 787M CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 37 · Market factors (momentum, volatility) 28

Profitability 28
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 60
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Guangdong Sanhe Pile Co., Ltd. engages in the research and development, production, and sale of prestressed concrete pipe pile products in China.

Full company description

Guangdong Sanhe Pile Co., Ltd. engages in the research and development, production, and sale of prestressed concrete pipe pile products in China. The company offers pile products, including precast high strength concrete thin-walled steel pipe pile; expanding piles; pre-tensioned prestressed high-strength concrete pipes, high strength concrete corrosion-resistant pipe piles, diamond piles, and high strength concrete pipe piles; prestressed high strength concrete uplift piles, concrete tubular body for foundation treatment, square piles, and concrete hollow supporting piles; and centrifugal prestressed concrete precast enclosures. It also provides prefabricated products, such as prefabricated architecture, water conservancy municipal administration, and rail transit products, as well as electric power engineering. Its products are used in various infrastructure projects comprising industrial projects, civil architecture, municipal engineering, transportation, large equipment foundations, urban elevated road foundations, highways, bridges, ports and docks, airports, urban light rail, electricity, metallurgy, photovoltaics, power, water conservancy projects, building. The company was founded in 1993 and is based in Zhongshan, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangdong Sanhe Pile Co reported revenue of ¥6.1B in FY2025 versus ¥8.2B in FY2021, a compound −7.0%/yr. Reported net income was ¥47.4M in FY2025, compounding −11.8%/yr from FY2021.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.1B CNY
Latest YoY
−1.2%
Avg. growth/yr (3Y)
−2.7%
Avg. growth/yr (5Y)
−3.1%
Avg. growth/yr (9Y)
+8.1%
Revenue −7.0%/yr
FY21 ¥8.2B
FY22 ¥6.6B
FY23 ¥6.7B
FY24 ¥6.2B
FY25 ¥6.1B
Net income −11.8%/yr
FY21 ¥78.3M
FY22 ¥156M
FY23 ¥79.1M
FY24 ¥25.3M
FY25 ¥47.4M

003037 screens 63% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "Guangdong Sanhe Pile Co Fair Value". https://www.fairvalue-calculator.com/stock/003037

Peer Group

Building Materials · 254 stocks

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.

Quality Score 36 · Bottom 25%
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -6% · Below median
Dividend yield (TTM) 8.0% · Top 25%
Debt / equity 0.30× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 103.2× · Pricier than 75% of peers
P/B 1.34× · Pricier than median
P/S (TTM) 0.61× · Cheaper than median
EV/EBITDA 9.6× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 0 · sector 2
PAST 5 · sector 15
HEALTH 85 · sector 92
DIVIDEND 100 · sector 42

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Guangdong Sanhe Pile Co (003037) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥2.10 versus a price of ¥5.70, about −63% (overvalued).
What is the fair value of 003037?
Our model-based fair value for Guangdong Sanhe Pile Co is ¥2.10 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥5.70.
What is the quality score of 003037?
Guangdong Sanhe Pile Co has a Quality Score of 36/100. 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 revenue of Guangdong Sanhe Pile Co (003037)?
Guangdong Sanhe Pile Co reported trailing-twelve-month revenue of about 6.0B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 003037?
The net profit margin of Guangdong Sanhe Pile Co is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Guangdong Sanhe Pile Co pay a dividend?
Guangdong Sanhe Pile Co currently shows a dividend yield of about 7.99% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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