Sany Heavy Equipment International Holdings Co Ltd (0631) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Sany Heavy Equipment International Holdings Co Ltd HK$10.68, price HK$8.45, upside +26.5%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Sany Heavy Equipment International Holdings Co Ltd
0631 · HKSpeculativeUpside exists, but weak quality makes the signal speculative.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range HK$3.55 – HK$15.27 · fair‑value band HK$6.11 – HK$19.29 · the HK$8.45 price screens below the HK$10.68 fair value. Dashed = 300-day average. As of Oct 1, 2026.
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Company profile
Sany Heavy Equipment International Holdings Company Limited manufactures and sells mining and logistics equipment, electricity, power station project products, petroleum and new energy manufacturing equipment, spare parts, and related services.
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Sany Heavy Equipment International Holdings Company Limited manufactures and sells mining and logistics equipment, electricity, power station project products, petroleum and new energy manufacturing equipment, spare parts, and related services. It operates through four segments: Mining Equipment, Logistics Equipment, Oil and Gas Equipment, and Emerging Industry Equipment. The company offers mining equipment, such as coal and non-coal mining machinery products, mining transport equipment, and spare parts, as well as related services; various intelligent excavators, mining machines, intelligent shearers, and electric and intelligent unmanned wide-bodied vehicles; smart mine products, including automatic integrated mining, unmanned driving, and smart mines; and robotics comprising robot system integration, mobile robots, and electric forklifts. It develops intelligent application scenarios based on industry practice and development needs for transformation and upgrade of electric, smart, and unmanned intelligent production; and provides front loaders, stacking machines, quayside gantry cranes, grippers, elevated hoisting arms, heavyweight forklifts, and telehandlers. In addition, the company offers drilling, workover, and automated pipe handling equipment; frac spreads; oil and gas field cementing and stimulation technical services; li-ion battery manufacturing equipment, solar modules, and electrolysis hydrogen production equipment, as well as related services. The company offers property development services; automation equipment; monocrystalline silicon materials; hydrogen production, storage, transportation, and refueling industry chain activities. It operates in Mainland China, rest of Asia, Europe, the United States, Brazil, Africa, and internationally. The company was founded in 2004 and is headquartered in Shenyang, the People's Republic of China. Sany Heavy Equipment International Holdings Company Limited is a subsidiary of Sany Hongkong Group Limited.
Stock analysis
Sany Heavy Equipment International Holdings Co Ltd (0631) currently trades at HK$8.45, while our model-based Fair Value estimate is HK$10.68, implying the stock looks roughly 20.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$20.97 per share, and 14 of the 24 models we run sit above the HK$8.45 price.
Bear case: the Asset-Based group reads lowest at HK$3.14, and 10 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: HK$6.11 (bear) to HK$19.29 (bull), the price of HK$8.45 sits inside 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.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sany Heavy Equipment International Holdings Co Ltd reported revenue of 24.3B CNY in FY2025 versus 10.2B CNY in FY2021, a compound +24.3%/yr. Reported net income was 1.8B CNY in FY2025, compounding +9.0%/yr from FY2021.
Key figures
Market cap HK$31.9B (≈ $4.1B) · P/E ratio 15.3 · P/S ratio 1.12 · EPS (TTM) HK$0.1300 · Dividend yield 4.1% · Net margin 7.3% · Return on equity 12.6% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 26%, 0631 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 44
Revenue & earnings trend
Growth Forecast
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Compare Sany Heavy Equipment International Holdings 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.Farm & Heavy Construction Machinery · 147 stocks
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CAT | $821.58 | $308.45 | −62% |
| Deere & Company DE | $690.46 | $258.17 | −63% |
| PACCAR Inc PCAR | $111.31 | $122.44 | +10% |
| Daimler Truck Holding DTG | €42.54 | €50.36 | +18% |
| Sany Heavy Industry Co 600031 | ¥17.20 | ¥20.84 | +21% |
| CNH Industrial N.V CNH | $13.06 | $8.65 | −34% |
| Traton SE 8TRA | €35.12 | €32.82 | −7% |
| Metso Oyj METSO | €17.08 | €18.79 | +10% |
| XCMG Construction Machinery Co 000425 | ¥7.17 | ¥14.52 | +103% |
| Sinotruk (Hong Kong) Limited 3808 | HK$35.30 | HK$56.32 | +60% |
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Key figures of Sany Heavy Equipment International Holdings Co Ltd
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