Shanghai REFIRE Group Ltd (2570) Fair Value & Analysis
Industrials · HK · Market cap HK$2.0B
Fair value as of: Aug 17, 2026
From 1 valuation models · updated today
Share price −17.6% over the past month.
Below-average quality, and screening another 22% overvalued on our models.
What matters now
- Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (HK$10.03 to HK$20.07) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (20 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.
How to read this chart
20‑month range HK$17.14 – HK$283.00 · fair‑value band HK$10.03 – HK$20.07 · the HK$17.14 price screens above the HK$13.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.
Analysis
Shanghai REFIRE Group Ltd (2570) currently trades at HK$17.14, while our model-based Fair Value estimate is HK$13.44, implying the stock looks roughly 21.6% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at HK$595M. Revenue declined 7.9% year over year. It earns a return on equity of -34.6%. Net debt stands at HK$960M. Fundamentals as of Aug 17, 2026
Our scenario range runs from HK$10.03 (bear case) to HK$20.07 (bull case); at HK$17.14, the current price sits within 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. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at -22%, 2570 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 1 models by family
Notify me when 2570 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 28 · Market factors (momentum, volatility) 0
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
Shanghai REFIRE Group Limited, an investment holding company, engages in the research, design, development, manufacture, and sale of hydrogen fuel cell systems, hydrogen production systems, and related components in Mainland China and internationally.
Full company description
Shanghai REFIRE Group Limited, an investment holding company, engages in the research, design, development, manufacture, and sale of hydrogen fuel cell systems, hydrogen production systems, and related components in Mainland China and internationally. The company provides fuel cell engineering and technical services; and electricity to hydrogen and hydrogen to electricity technologies, as well as after-sales services; and sales of hydrogen energy vehicles. In addition, it is involved in technology development; manufacture of bipolar plates; sale of components; research and development, manufacture; and sale of fuel cell stacks and fuel cell stack technology. The company was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai REFIRE Group Ltd reported revenue of HK$580M in FY2025 versus HK$524M in FY2021, a compound +2.6%/yr. Reported net income was −HK$587M in FY2025.
2570 screens 22% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 808 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 17, 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% |
| ABB India Limited ABB | ₹7,645 | ₹1,322 | -83% |
| Cummins India Limited CUMMINSIND | ₹5,315 | ₹1,355 | -75% |
| Bharat Heavy Electricals Limited BHEL | ₹421.70 | ₹96.51 | -77% |
| Siemens Limited SIEMENS | ₹4,019 | ₹746.83 | -81% |
Compare Shanghai REFIRE Group Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Shanghai REFIRE Group Ltd (2570) overvalued or undervalued?
What is the fair value of 2570?
What is the quality score of 2570?
What is the revenue of Shanghai REFIRE Group Ltd (2570)?
What is the net profit margin of 2570?
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.
Track Shanghai REFIRE Group Ltd and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.