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Xinchen China Power Holdings (1148) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$291M

XC Xinchen China Power Holdings 1148 · HK
PriceHK$0.2410
Fair ValueHK$0.4000
Upside+66.0%
Quality52/100
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Expensive Growth
Thin margins · 0.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 15/100
Evidence: Medium Range HK$0.3000 – HK$0.5000 Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated 2 days ago

Share price +0.4% over the past month.

A solid business, screening 66% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.3000). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$1.26 HK$0.1357 Fair Value HK$0.4000 Mar 2021 Aug 2026

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$0.1357 – HK$1.26 · fair‑value band HK$0.3000 – HK$0.5000 · the HK$0.2410 price screens below the HK$0.4000 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Xinchen China Power Holdings (1148) currently trades at HK$0.2410, while our model-based Fair Value estimate is HK$0.4000, implying the stock looks roughly 66.0% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Xinchen China Power Holdings generated revenue of HK$4.7B at a net margin of 0.4%. Revenue declined 44.9% year over year. It earns a return on equity of 1.2%. Net debt stands at HK$760M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.3000 (bear case) to HK$0.5000 (bull case); at HK$0.2410, 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 share trades about 46% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 32% fair-value upside, at 66%, 1148 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.

Model 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. Evidence
Highest evidence
Residual Income HK$0.8500 HK$0.7600 HK$0.4800 76
Growth-Adj P/E HK$0.2000 HK$0.2800 HK$0.3700 68
P/E Multiple HK$0.2600 HK$0.3500 HK$0.4300 63
All 10 models by family
Earnings-Based
Graham-Dodd HK$0.1100 HK$0.4400 HK$0.6000 54
Lynch FV HK$0.1100 HK$0.1600 HK$0.2100 50
PEG = 1.0 HK$0.1100 HK$0.1600 HK$0.2100 46
Multiples
P/E Multiple HK$0.2600 HK$0.3500 HK$0.4300 63
P/S Multiple HK$0.2000 HK$0.2700 HK$0.3300 58
P/B Multiple HK$0.2000 HK$0.2700 HK$0.3300 55
EV/EBITDA HK$1.67 HK$2.18 HK$2.68 54
Asset-Based
NCAV (Graham) HK$0.6900 HK$0.9200 HK$1.38 50
Economic Profit
Residual Income HK$0.8500 HK$0.7600 HK$0.4800 76
Growth Earnings
Growth-Adj P/E HK$0.2000 HK$0.2800 HK$0.3700 68

Widest divergence: Asset-Based (HK$0.9200) versus Earnings-Based (HK$0.1600). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$4.7B
Revenue growth (YoY) -44.9%
Net margin 0.4%
Return on equity 1.2%
Free cash flow −HK$80.1M FY2025
Operating margin 0.1%
More key figures
EPS (TTM) HK$0.0100
EPS growth (YoY) -77.2%
Net debt HK$760M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 37

Profitability 31
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 82
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

Xinchen China Power Holdings Limited, through its subsidiaries, engages in the development, manufacture, and sale of automotive engines primarily in the People's Republic of China. It operates through three segments: Gasoline Engines, Diesel Engines, and Engine Components.

Full company description

Xinchen China Power Holdings Limited, through its subsidiaries, engages in the development, manufacture, and sale of automotive engines primarily in the People's Republic of China. It operates through three segments: Gasoline Engines, Diesel Engines, and Engine Components. The company also manufactures engine parts and components of passenger vehicles, as well as engages in leasing of factory premises. Its products are used in a range of passenger and light duty commercial vehicles, including sedans, sport utility vehicles, multi-purpose vehicles, small and minibuses, and small and light-duty trucks. Xinchen China Power Holdings Limited was founded in 1998 and is headquartered in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xinchen China Power Holdings reported revenue of HK$4.7B in FY2025 versus HK$1.5B in FY2021, a compound +34.0%/yr. Reported net income was HK$20.2M in FY2025.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$4.7B
Latest YoY
−22.5%
Avg. growth/yr (3Y) 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.
+41.8%
Avg. growth/yr (5Y) 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.
+22.4%
Avg. growth/yr (16Y) 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.
+8.5%
Revenue +34.0%/yr
FY21 HK$1.5B
FY22 HK$1.7B
FY23 HK$5.3B
FY24 HK$6.1B
FY25 HK$4.7B
Net income
FY21 −HK$393M
FY22 −HK$116M
FY23 HK$41.1M
FY24 HK$38.2M
FY25 HK$20.2M

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Cite: Fair Value Calculator (2026). "Xinchen China Power Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1148

Peer Group

Auto Manufacturers · 119 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 52 · Above median
Fair Value upside +66% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth -45% · Bottom 25%
Dividend yield (TTM) 4.0% · Above median
Debt / equity 0.06× · Lower 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 100 · sector 33
FUTURE 0 · sector 33
PAST 5 · sector 20
HEALTH 97 · sector 94
DIVIDEND 79 · sector 51

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 Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $188.22 $247.83 +32%
BYD Company 81211 HK$76.90 HK$48.59 -37%
Hyundai Motor Company 005380 418,500 KRW 567,393 KRW +36%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,610 MXN +37%
Volkswagen AG VOW 2,149 CZK 7,783 CZK +262%
Maruti Suzuki India Limited MARUTI ₹13,875 ₹8,236 -41%
Kia Corporation 000270 135,600 KRW 341,751 KRW +152%
Weichai Power Co 2338 HK$36.40 HK$28.46 -22%
Geely Automobile Holdings 80175 HK$15.50 HK$19.14 +23%
Bajaj Auto Limited BAJAJAUTO ₹11,700 ₹4,574 -61%

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Frequently asked questions

Is Xinchen China Power Holdings (1148) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.4000 versus a price of HK$0.2410, about +66% (undervalued).
What is the fair value of 1148?
Our model-based fair value for Xinchen China Power Holdings is HK$0.4000 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.2410.
What is the quality score of 1148?
Xinchen China Power Holdings has a Quality Score of 52/100. 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 Xinchen China Power Holdings (1148)?
Xinchen China Power Holdings reported trailing-twelve-month revenue of about HK$4.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1148?
The net profit margin of Xinchen China Power Holdings is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.

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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