Zhangjiagang Furui Special Equip (300228) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zhangjiagang Furui Special Equip stock ¥8.47, price ¥5.95, upside +42.4%, quality 66 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ¥4.81 – ¥12.66 · fair‑value band ¥6.36 – ¥10.59 · the ¥5.95 price screens below the ¥8.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Zhangjiagang Furui Special Equipment Co., Ltd. provides solutions to the LNG industry in China and internationally.
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The company's products include LNG liquefaction skid, marine loading arm, LNG marine loading arm, LNG truck loading skid, truck loading arm, gangway, quick release hook, cryogenic storage tank, cryogenic ISO tank container, cryogenic road tanker, LNG regasification station, LNG refuelling station, cryogenic marine tank, intelligent gas supply system, LNG vehicle cylinder, cryogenic liquid cylinder, marine offshore module, speed tank system, LNG cryogenic valve, cryogenic globe valve, LNG loading and unloading control system, I-BOX intelligent box, HMI display and control unit, batch controller, hydrogen test platform, IOT + intelligent system, and DCS system.
It also provides skid and module, pressure vessel and tank, bullet tank, reactor, heat exchanger, and column and tower equipment for energy sector; and mounded bullet tank.
In addition, the company offers gas recovery and processing, LNG processing, mobile LNG trailer selling, LNG plant remote supervisory control and maintenance, LNG selling, EPC works and maintenance, and LNG project services, as well as medium and heavy trucks/test services for LNG cylinder of bus.
Further, it offers hydrogen test center and liquefaction plant, fuel cell core components, hydrogen marine tank, LH2 gas supply system for vehicles, hydrogen ISO container and dispenser, LH2 loading/unloading skid, LH2 marine loading/Unloading arm, Liquid hydrogen valve, and High-pressure valve equipment.
Zhangjiagang Furui Special Equipment Co., Ltd. was founded in 2003 and is headquartered in Zhangjiagang, China.
Stock analysis
Zhangjiagang Furui Special Equip (300228) currently trades at ¥5.95, while our model-based Fair Value estimate is ¥8.47, implying the stock looks roughly 30% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥12.26 per share, and 20 of the 26 models we run sit above the ¥5.95 price.
Bear case: the Dividend Discount group reads lowest at ¥0.9650, and 6 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥6.36 (bear) to ¥10.59 (bull), the price of ¥5.95 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 66/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zhangjiagang Furui Special Equip reported revenue of 3.1B CNY in FY2025 versus 1.6B CNY in FY2021, a compound +18.7%/yr. Reported net income was 241M CNY in FY2025, compounding +54.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 3.6B CNY (≈ $532M) Small · P/E ratio 16.5 · P/S ratio 1.39 · EPS (TTM) ¥0.3600 · Dividend yield 2.0% · Net margin 6.9% · Return on equity 10.8% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 5% 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 42%, 300228 screens cheaper than that median.
Fair Value models
Bear¥6.36Fair Value ¥8.47Bull¥10.59
Price ¥5.95 · Upside +42.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.2058 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+25.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
Start year 2020 (pandemic). Over 10 years: +9.2% a year
Revenue growth 17 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+30.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.5%
Dividend (yield on the price)2.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.28.5% vs 4.1%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 13%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−11.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −13.1% a year for the price.
Compare Zhangjiagang Furui Special Equip with another stock
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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 · 815 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+42.4% · Top 25%
Profitability
Return on equity (12 months)10.8% · Above median
Return on assets7.2% · Top 25%
Net margin (12 months)8.6% · Above median
Operating margin (12 months)2.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.4% · Below median
Dividend yield (12 months)2.0% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zhangjiagang Furui Special Equip Fair Value". https://www.fairvalue-calculator.com/stock/300228
Frequently asked questions
Is Zhangjiagang Furui Special Equip (300228) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥8.47 versus a price of ¥5.95, about +42% upside (undervalued).
What is the fair value of 300228?
Our model-based fair value for Zhangjiagang Furui Special Equip is ¥8.47 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥5.95.
What is the quality score of 300228?
Zhangjiagang Furui Special Equip has a Quality Score of 66/100. 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 price target for Zhangjiagang Furui Special Equip (300228)?
Our model-based price target is the fair value of ¥8.47 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario ¥6.36, optimistic scenario ¥10.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhangjiagang Furui Special Equip stock forecast for 2026?
Our models put fair value at ¥8.47, about +42% upside versus a price of ¥5.95 (undervalued). Cautious scenario ¥6.36, optimistic scenario ¥10.59. The calculation is refreshed regularly with new filings.
What is the revenue of Zhangjiagang Furui Special Equip (300228)?
Zhangjiagang Furui Special Equip reported trailing-twelve-month revenue of about 3.2B CNY (latest available figure, as of Nov 7, 2026).
Does Zhangjiagang Furui Special Equip pay a dividend?
Zhangjiagang Furui Special Equip currently shows a dividend yield of 2.02% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Zhangjiagang Furui Special Equip (300228) and when is the ex-dividend date?
Zhangjiagang Furui Special Equip pays a dividend of ¥0.12 per share a year, a dividend yield of 2.0%. The last ex-dividend date was May 19, 2026. The payout ratio is 33.3% of earnings. Free cash flow covers the dividend 6.85 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Zhangjiagang Furui Special Equip (300228)?
For today's price to be fair in a discounted-cash-flow model, Zhangjiagang Furui Special Equip would have to grow free cash flow by -11.7 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 300228 use?
Our models discount Zhangjiagang Furui Special Equip at 10.4 %: a base by market capitalisation (small), damped by beta 0.35, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zhangjiagang Furui Special Equip that is -11.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Zhangjiagang Furui Special Equip (300228) delivered so far?
Over the past 5 years revenue at Zhangjiagang Furui Special Equip grew +11.8 % a year. The price currently implies free-cash-flow growth of -11.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zhangjiagang Furui Special Equip (300228) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Zhangjiagang Furui Special Equip (-11.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhangjiagang Furui Special Equip (300228)?
The free-cash-flow yield on the price is 13.81 %: that much free cash flow Zhangjiagang Furui Special Equip produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhangjiagang Furui Special Equip (300228)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhangjiagang Furui Special Equip it is ¥8.47 per share (as of Nov 7, 2026), against a price of ¥5.95. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Zhangjiagang Furui Special Equip stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 300228 trades below its calculated fair value: price ¥5.95, fair value ¥8.47, a gap of about +42% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 300228?
No. The price is what the market pays today (¥5.95); the fair value is what the company's own numbers justify (¥8.47). For Zhangjiagang Furui Special Equip the two are ¥2.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhangjiagang Furui Special Equip worth?
The market values Zhangjiagang Furui Special Equip at about 3.6B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥5.95; our models calculate a fair value of ¥8.47 per share.
What do the bullish and bearish scenarios say about 300228?
Our models span a range for Zhangjiagang Furui Special Equip: cautious scenario ¥6.36, base ¥8.47, optimistic ¥10.59 per share (as of Nov 7, 2026, price ¥5.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300228?
Zhangjiagang Furui Special Equip trades at a price-to-earnings ratio of 16.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.47 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), reported earnings: 45.1. Other multiples: PEG 1.5, P/B 1.4, P/S 1.4, EV/EBITDA 6.2.
What is the PEG ratio of 300228?
The PEG ratio of Zhangjiagang Furui Special Equip is 1.53 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Zhangjiagang Furui Special Equip (300228)?
Balance-sheet figures for Zhangjiagang Furui Special Equip (as of Nov 7, 2026): return on equity 10.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 300228 from its 52-week high?
Zhangjiagang Furui Special Equip trades at ¥5.95, about 53% below its 52-week high of ¥12.66 and 5% above the low of ¥5.69 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.47 is for.
Which stocks are comparable to Zhangjiagang Furui Special Equip?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhangjiagang Furui Special Equip stock attractive at the current price?
The data as of Nov 7, 2026: price ¥5.95, calculated fair value ¥8.47 (+42%), Quality Score 66/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 300228 calculated?
We run Zhangjiagang Furui Special Equip through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥8.47 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Zhangjiagang Furui Special Equip currently trades 30% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhangjiagang Furui Special Equip (300228)?
The closing price on Nov 6, 2026 was ¥5.95. Our model-based fair value is ¥8.47, about +42% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhangjiagang Furui Special Equip right now?
The price is below even our cautious bear case (¥6.36). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Zhangjiagang Furui Special Equip (300228) come from?
Earnings per share at Zhangjiagang Furui Special Equip grew −4.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.6 %, EBIT margin −2.9 %, tax rate −0.8 %, residual (interest, one-offs) −2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Zhangjiagang Furui Special Equip
How large is the market capitalisation of Zhangjiagang Furui Special Equip (300228)?
The market capitalisation of Zhangjiagang Furui Special Equip is 3.6B CNY (≈ $532M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zhangjiagang Furui Special Equip (300228)?
The price-to-sales ratio of Zhangjiagang Furui Special Equip is 1.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhangjiagang Furui Special Equip (300228)?
Earnings per share at Zhangjiagang Furui Special Equip are ¥0.3600 (price ÷ EPS = P/E 16.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhangjiagang Furui Special Equip (300228)?
The dividend yield of Zhangjiagang Furui Special Equip is 2.0% (payout 33.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zhangjiagang Furui Special Equip (300228)?
The net margin of Zhangjiagang Furui Special Equip is 6.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhangjiagang Furui Special Equip (300228)?
The return on equity (ROE) of Zhangjiagang Furui Special Equip is 10.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhangjiagang Furui Special Equip (300228)?
On an EBIT basis the return on assets of Zhangjiagang Furui Special Equip is 4.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhangjiagang Furui Special Equip (300228)?
The operating margin of Zhangjiagang Furui Special Equip is 2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhangjiagang Furui Special Equip (300228)?
Revenue at Zhangjiagang Furui Special Equip is growing −3.4% versus a year earlier (3y avg +25.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zhangjiagang Furui Special Equip (300228)?
Earnings per share at Zhangjiagang Furui Special Equip are growing −80.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zhangjiagang Furui Special Equip (300228) hold?
Zhangjiagang Furui Special Equip holds more cash than debt, 663M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026