Zhejiang Shibao Co Ltd (1057) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Zhejiang Shibao Co Ltd HK$4.81, price HK$3.71, upside +29.7%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 24, 2026.
How to read this chart
60‑month range HK$1.22 – HK$7.39 · fair‑value band HK$2.51 – HK$6.68 · the HK$3.71 price screens below the HK$4.81 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Zhejiang Shibao Company Limited, together with its subsidiaries, researches, develops, manufactures, and sells automotive steering systems and other key steering system components in the People's Republic of China.
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Zhejiang Shibao Company Limited, together with its subsidiaries, researches, develops, manufactures, and sells automotive steering systems and other key steering system components in the People's Republic of China. It offers electric power steering products, including electric power recirculating ball steering gear, electro-hydraulic power recirculating ball steering gear, pinion- assisted and double-pinion-assisted electric power steering, rack-assisted electric power steering, and column-assisted electric power steering; and intelligent steering products, such as steering by wire system, lane keeping aid, rear wheel steering, fully redundant electric-hydraulic and dual motor redundant electric power recirculating ball steering gear. The company also provides hydraulic power steering gear products comprising dual circuit hydraulic power recirculating ball steering gear, hydraulic power recirculating ball steering gear, and hydraulic power rack and pinion steering gear; manual steering gear products, including manual recirculating ball steering gear, and manual rack and pinion steering gear; and steering parts, such as electric four-way adjustable steering column, 18-tooth spline injection molded intermediate shaft, 16-teeth injection slider intermediate shaft, ball-slider intermediate shaft, manual four-way adjustable steering column, steering knuckle and cylinder, pitman arm, hub bracket, and ECU, as well as castings and component products. It supplies steering products to automobile industry. The company was founded in 1984 and is based in Hangzhou, the People's Republic of China.
Stock analysis
Zhejiang Shibao Co Ltd (1057) currently trades at HK$3.71, while our model-based Fair Value estimate is HK$4.81, implying the stock looks roughly 22.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$6.59 per share, and 15 of the 23 models we run sit above the HK$3.71 price.
Bear case: the Growth DCF group reads lowest at HK$1.36, and 8 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$2.51 (bear) to HK$6.68 (bull), the price of HK$3.71 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 57/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zhejiang Shibao Co Ltd reported revenue of 3.5B CNY in FY2025 versus 1.2B CNY in FY2021, a compound +31.7%/yr. Reported net income was 181M CNY in FY2025, compounding +63.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap HK$3.1B (≈ $389M) · P/E ratio 15.6 · P/S ratio 0.79 · EPS (TTM) HK$0.1907 · Dividend yield 1.7% · Net margin 5.1% · Return on equity 9.3% · Return on assets (EBIT) 3.4%.
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 50% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at 30%, 1057 screens cheaper than that median.
Fair Value models
Bear HK$2.51Fair Value HK$4.81Bull HK$6.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.1442 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.8%
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.
+36.8%
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.
+26.3%
Start year 2020 (pandemic). Over 10 years: +15.5% a year
Revenue growth 21 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.
+16.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+83.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+82.2%
Dividend (yield on the price)1.7%
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.47.1% vs 12.4%, picking up
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.5% → 5%
2025 sits 461% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+51.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +48.8% a year for the price.
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.Auto Parts · 659 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−71.2% · Bottom 25%
Profitability
Return on equity (TTM)9.3% · Above median
Return on assets3.1% · Below median
Net margin (TTM)4.8% · Above median
Operating margin (TTM)7.7% · Above median
Growth and dividend
Revenue growth4.9% · Below median
Dividend yield (TTM)1.7% · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
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). "Zhejiang Shibao Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1057
Frequently asked questions
Is Zhejiang Shibao Co Ltd (1057) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$4.81 versus a price of HK$3.71, about +30% upside (undervalued).
What is the fair value of 1057?
Our model-based fair value for Zhejiang Shibao Co Ltd is HK$4.81 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$3.71.
What is the quality score of 1057?
Zhejiang Shibao Co Ltd has a Quality Score of 57/100. 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 Zhejiang Shibao Co Ltd (1057)?
Our model-based price target is the fair value of HK$4.81 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario HK$2.51, optimistic scenario HK$6.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Shibao Co Ltd stock forecast for 2026?
Our models put fair value at HK$4.81, about +30% upside versus a price of HK$3.71 (undervalued). Cautious scenario HK$2.51, optimistic scenario HK$6.68. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Shibao Co Ltd (1057)?
Zhejiang Shibao Co Ltd reported trailing-twelve-month revenue of about 3.6B CNY (latest available figure, as of Sep 24, 2026).
Does Zhejiang Shibao Co Ltd pay a dividend?
Zhejiang Shibao Co Ltd currently shows a dividend yield of about 1.67% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Zhejiang Shibao Co Ltd (1057)?
For today's price to be fair in a discounted-cash-flow model, Zhejiang Shibao Co Ltd would have to grow free cash flow by +51.3 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1057 use?
Our models discount Zhejiang Shibao Co Ltd at 12.2 %: a base by market capitalisation (small), damped by beta 1.15, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zhejiang Shibao Co Ltd that is +51.3 % per year a year over ten years, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Zhejiang Shibao Co Ltd (1057) delivered so far?
Over the past 5 years revenue at Zhejiang Shibao Co Ltd grew +26.4 % a year. The price currently implies +51.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zhejiang Shibao Co Ltd (1057) growing?
The median revenue growth in the sector is +3.9 % a year. That is the yardstick for the growth priced into Zhejiang Shibao Co Ltd (+51.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhejiang Shibao Co Ltd (1057)?
The free-cash-flow yield on the price is 0.77 %: that much free cash flow Zhejiang Shibao Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhejiang Shibao Co Ltd (1057)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Shibao Co Ltd it is HK$4.81 per share (as of Sep 24, 2026), against a price of HK$3.71. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Shibao Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1057 trades below its calculated fair value: price HK$3.71, fair value HK$4.81, a gap of about +30% (undervalued). 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 1057?
No. The price is what the market pays today (HK$3.71); the fair value is what the company's own numbers justify (HK$4.81). For Zhejiang Shibao Co Ltd the two are HK$1.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Shibao Co Ltd worth?
The market values Zhejiang Shibao Co Ltd at about HK$3.1B (market capitalisation, as of Sep 24, 2026). Per share that is HK$3.71; our models calculate a fair value of HK$4.81 per share.
What do the bullish and bearish scenarios say about 1057?
Our models span a range for Zhejiang Shibao Co Ltd: cautious scenario HK$2.51, base HK$4.81, optimistic HK$6.68 per share (as of Sep 24, 2026, price HK$3.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1057?
Zhejiang Shibao Co Ltd trades at a price-to-earnings ratio of 15.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$4.81 is built from several models across several years. Other multiples: P/B 1.3, P/S 0.7, EV/EBITDA 8.0.
How solid is the balance sheet of Zhejiang Shibao Co Ltd (1057)?
Balance-sheet figures for Zhejiang Shibao Co Ltd (as of Sep 24, 2026): return on equity 9.3%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 1057 from its 52-week high?
Zhejiang Shibao Co Ltd trades at HK$3.71, about 50% below its 52-week high of HK$7.39 and 8% above the low of HK$3.44 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of HK$4.81 is for.
Which stocks are comparable to Zhejiang Shibao Co Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Zhejiang Shibao Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$3.71, calculated fair value HK$4.81 (+30%), Quality Score 57/100, from 23 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 1057 calculated?
We run Zhejiang Shibao Co Ltd through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$4.81, 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 14.5 % above its aggregate fair value. Zhejiang Shibao Co Ltd currently trades 23 % below its own fair value, and the market average says nothing about that. 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 Zhejiang Shibao Co Ltd (1057)?
The closing price on Oct 2, 2026 was HK$3.71. Our model-based fair value is HK$4.81, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Shibao Co Ltd right now?
The model range is unusually wide (HK$2.51 to HK$6.68). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Zhejiang Shibao Co Ltd
How large is the market capitalisation of Zhejiang Shibao Co Ltd (1057)?
The market capitalisation of Zhejiang Shibao Co Ltd is HK$3.1B (≈ $389M). 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 Zhejiang Shibao Co Ltd (1057)?
The price-to-sales ratio of Zhejiang Shibao Co Ltd is 0.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Shibao Co Ltd (1057)?
Earnings per share at Zhejiang Shibao Co Ltd are HK$0.1907 (price ÷ EPS = P/E 15.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Shibao Co Ltd (1057)?
The dividend yield of Zhejiang Shibao Co Ltd is 1.7% (payout 32.4%). 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 Zhejiang Shibao Co Ltd (1057)?
The net margin of Zhejiang Shibao Co Ltd is 5.1% (fiscal year 2025). 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 Zhejiang Shibao Co Ltd (1057)?
The return on equity (ROE) of Zhejiang Shibao Co Ltd is 9.3% (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 Zhejiang Shibao Co Ltd (1057)?
On an EBIT basis the return on assets of Zhejiang Shibao Co Ltd is 3.4% (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 Zhejiang Shibao Co Ltd (1057)?
The operating margin of Zhejiang Shibao Co Ltd is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Shibao Co Ltd (1057)?
Revenue at Zhejiang Shibao Co Ltd is growing +4.9% versus a year earlier (3y avg +36.8%). 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 Zhejiang Shibao Co Ltd (1057)?
Earnings per share at Zhejiang Shibao Co Ltd are growing −14.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zhejiang Shibao Co Ltd (1057) hold?
Zhejiang Shibao Co Ltd holds more cash than debt, 374M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 24, 2026