Harbin Electric (1133) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Harbin Electric HK$28.50, price HK$13.76, upside +107.1%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Harbin Electric
1133 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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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 28, 2026.
How to read this chart
60‑month range HK$1.64 – HK$27.75 · fair‑value band HK$21.93 – HK$35.91 · the HK$13.76 price screens below the HK$28.50 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. Dashed = 300-day average. As of Sep 28, 2026.
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Company profile
Harbin Electric Company Limited, together with its subsidiaries, manufactures and sells power plant equipment in the People's Republic of China, the rest of Asia, Africa, Europe, and the United States.
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Harbin Electric Company Limited, together with its subsidiaries, manufactures and sells power plant equipment in the People's Republic of China, the rest of Asia, Africa, Europe, and the United States. It operates through new power system with new energy as the main body; clean and efficient industrial system; green and low-carbon drive system; and other businesses segments. The company provides thermal power equipment, including boilers, steam turbines, and steam turbine generators; hydropower generator units; nuclear power main equipment comprising nuclear island and conventional island equipment; and a set of steam power equipment consisting of 9F/9H class gas turbines, and combined gas and steam cycle sets. It also engages in the research and development, and production of clean energy products, comprising solar energy, tidal power, and desalination; and provision of ancillary equipment, industrial steam turbines, industrial boilers, control devices, valves for power stations, pressure vessels, etc. In addition, the company is involved in the turnkey construction of power station projects; servicing of thermal and hydropower equipment; import and export of equipment for power stations; provision of after-sales service for power station equipment products; research and development of engineering technology for power equipment, and its ancillary products; and provision of environmental protection engineering services, such as desulfurization, denitrification, and dust removal. Further, it engages in the manufacturing; finance; wholesale of other mechanical equipment, and electronic products; leasing; export trade; water conservancy, environment, and public facilities management; biomass power generation; business services; and science and technology promotion and application activities. The company was founded in 1994 and is headquartered in Harbin, the People's Republic of China. Harbin Electric Company Limited is a subsidiary of Harbin Electric Corporation.
Stock analysis
Harbin Electric (1133) currently trades at HK$13.76, while our model-based Fair Value estimate is HK$28.50, implying the stock looks roughly 51.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$33.64 per share, and 20 of the 24 models we run sit above the HK$13.76 price.
Bear case: the Asset-Based group reads lowest at HK$6.24, and 4 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$21.93 (bear) to HK$35.91 (bull), the price of HK$13.76 sits below 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 52/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Harbin Electric reported revenue of 45.7B CNY in FY2025 versus 21.2B CNY in FY2021, a compound +21.1%/yr. Reported net income was 2.7B CNY in FY2025.
Key figures
Market cap HK$30.8B (≈ $3.9B) · P/E ratio 7.9 · P/S ratio 0.46 · Dividend yield 2.7% · Net margin 5.8% · Return on equity 18.3% · Return on assets (EBIT) 0.2% · Operating margin 7.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 107%, 1133 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 52 · Market factors (momentum, volatility) 33
Revenue & earnings trend
Growth Forecast
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Compare Harbin Electric 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 · 807 stocks
Valuation Multiplesvs Specialty Industrial 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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $957.63 | $142.61 | −85% |
| SIE SIE | €278.30 | €150.42 | −46% |
| Eaton Corporation ETN | $439.98 | $173.12 | −61% |
| Parker-Hannifin Corporation PH | $978.33 | $494.81 | −49% |
| Emerson Electric Co EMR | $158.23 | $62.54 | −60% |
| Illinois Tool Works Inc ITW | $274.32 | $153.33 | −44% |
| Cummins Inc CMI | $525.06 | $359.11 | −32% |
| AMETEK, Inc AME | $250.74 | $125.77 | −50% |
| Rockwell Automation, Inc ROK | $434.15 | $139.31 | −68% |
| Sandvik AB SAND | kr 378.00 | kr 193.59 | −49% |
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Key figures of Harbin Electric
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