ZHEJIANG NARADA POWER SOURCE Co (300068) Fair Value & Analysis
Industrials · CN · Market cap 3.7B CNY
Fair value as of: Jul 7, 2026
From 9 valuation models · updated 34 days ago
Fair value updated Jul 7, 2026, revised from ¥7.08 to ¥8.72 (+23.2%) since Jun 24, 2026. Share price +8.4% over the past month.
Below-average quality, screening 105% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (¥4.42). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (¥4.42 to ¥13.02). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.
How to read this chart
60‑month range ¥3.71 – ¥30.57 · fair‑value band ¥4.42 – ¥13.02 · the ¥4.25 price screens below the ¥8.72 fair value. Dashed = 300-day average. As of Jul 7, 2026.
Analysis
ZHEJIANG NARADA POWER SOURCE Co (300068) currently trades at ¥4.25, while our model-based Fair Value estimate is ¥8.72, implying the stock looks roughly 105.2% undervalued today. The Quality Score stands at 38/100 (below-average 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: medium), always confirm before acting.
Over the trailing twelve months, ZHEJIANG NARADA POWER SOURCE Co generated revenue of 7.3B CNY at a net margin of -36.7%. Revenue declined 14.8% year over year. Net debt stands at 5.0B CNY. Fundamentals as of Jul 7, 2026
Our scenario range runs from ¥4.42 (bear case) to ¥13.02 (bull case); at ¥4.25, 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. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 105%, 300068 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 9 models by family
Widest divergence: DCF Models (¥16.83) versus Asset-Based (¥1.05). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 15
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
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. engages in the research, development, manufacture, sale, and service of lithium-ion batteries and systems, lead-acid batteries and systems, key hydrogen energy equipment, and lithium and lead resource recycling products. The company offers batteries, battery packs, battery cabinets and software management systems, etc.
Full company description
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. engages in the research, development, manufacture, sale, and service of lithium-ion batteries and systems, lead-acid batteries and systems, key hydrogen energy equipment, and lithium and lead resource recycling products. The company offers batteries, battery packs, battery cabinets and software management systems, etc. for use in new power energy storage, power frequency modulation, and peak shaving and valley filling. It also provides high-temperature energy-saving and environmental protection products, high-power batteries, nuclear-grade valve-regulated batteries, new lead-carbon batteries, battery products used in operator, data center, finance, rail transit, nuclear power, and other fields, as well as lithium resource regeneration products. In addition, the company offers key hydrogen energy equipment, and resource recycling products. The company was founded in 1994 and is headquartered in Hangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ZHEJIANG NARADA POWER SOURCE Co reported revenue of ¥7.5B in FY2025 versus ¥11.8B in FY2021, a compound −10.9%/yr. Reported net income was −¥2.6B in FY2025.
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Peer Group
Electrical Equipment & Parts · 528 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 Electrical Equipment & Parts 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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 10.16 SGD | 1.47 SGD | -86% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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Frequently asked questions
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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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