Harbin Electric Company (1133) Fair Value & Analysis
Industrials · HK · Market cap HK$34.2B
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 2 days ago
Fair value updated Aug 13, 2026, revised from HK$29.08 to HK$29.11 (+0.1%) since Aug 5, 2026. Share price +21.1% over the past month.
A solid business, screening 68% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$21.84). The market is more pessimistic than our downside scenario.
- Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$1.64 – HK$27.75 · fair‑value band HK$21.84 – HK$36.39 · the HK$17.30 price screens below the HK$29.11 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Harbin Electric Company (1133) currently trades at HK$17.30, while our model-based Fair Value estimate is HK$29.11, implying the stock looks roughly 68.3% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Harbin Electric Company generated revenue of HK$45.7B at a net margin of 5.8%. Revenue grew 9.3% year over year. It earns a return on equity of 15.3%. The balance sheet holds a net cash position of HK$8.2B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$21.84 (bear case) to HK$36.39 (bull case); at HK$17.30, the current price sits below 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 39% below its 52-week high and 219% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at 68%, 1133 screens cheaper 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.
All 24 models by family
Widest divergence: DCF Models (HK$29.25) versus Asset-Based (HK$5.34). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 47
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Harbin Electric Company reported revenue of HK$45.7B in FY2025 versus HK$21.2B in FY2021, a compound +21.1%/yr. Reported net income was HK$2.7B in FY2025.
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Peer Group
Specialty Industrial Machinery · 807 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.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €899.80 | €186.93 | -79% |
| 1SIE 1SIE | €281.75 | €91.93 | -67% |
| SMNS SMNS | C$31.76 | C$22.75 | -28% |
| Atlas Copco AB ATCOA | kr 210.00 | kr 112.59 | -46% |
| Sandvik AB SAND | kr 358.60 | kr 193.01 | -46% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥39.17 | ¥22.68 | -42% |
| NARI Technology Co 600406 | ¥24.06 | ¥18.71 | -22% |
| ABB India Limited ABB | ₹7,700 | ₹1,322 | -83% |
| Cummins India Limited CUMMINSIND | ₹5,315 | ₹1,355 | -75% |
| Bharat Heavy Electricals Limited BHEL | ₹420.00 | ₹96.51 | -77% |
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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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