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Tianjin Keyvia Electric Co (300407) Fair Value & Analysis

Industrials · CN · Market cap 4.1B CNY

TK Tianjin Keyvia Electric Co 300407 · SHE
Price¥12.51
Fair Value¥4.27
Upside-65.9%
Quality61/100
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Healthy Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
0.66% dividend yield
Trails peers (4/14)
Narrow moat 24/100
Evidence: High Range ¥3.20 – ¥5.34 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥7.25 to ¥4.27 (−41.1%) since Jun 24, 2026. Share price +22.4% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.34). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥14.56 ¥4.89 Fair Value ¥4.27 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥4.89 – ¥14.56 · fair‑value band ¥3.20 – ¥5.34 · the ¥12.51 price screens above the ¥4.27 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Tianjin Keyvia Electric Co (300407) currently trades at ¥12.51, while our model-based Fair Value estimate is ¥4.27, implying the stock looks roughly 65.9% overvalued today. The Quality Score stands at 61/100 (solid 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: high).

Over the trailing twelve months, Tianjin Keyvia Electric Co generated revenue of 2.7B CNY at a net margin of 2.8%. Revenue grew 10.5% year over year. It earns a return on equity of 3.5%. The balance sheet holds a net cash position of 662M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥3.20 (bear case) to ¥5.34 (bull case); at ¥12.51, the current price sits above 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 17% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at -66%, 300407 screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥19.70 ¥32.75 ¥54.72 80
Residual Income ¥4.06 ¥4.00 ¥3.49 76
Rev-Margin DCF ¥11.26 ¥15.46 ¥21.16 74
All 26 models by family
DCF Models
FCF DCF ¥20.06 ¥34.81 ¥61.80 38
Owner Earnings ¥7.39 ¥11.02 ¥17.47 31
5Y Revenue Exit ¥11.26 ¥15.38 ¥20.68 39
5Y EBITDA Exit ¥13.31 ¥19.80 ¥27.90 41
5Y P/E Exit ¥10.75 ¥14.28 ¥18.17 38
10Y Revenue Exit ¥13.97 ¥19.04 ¥26.42 36
10Y EBITDA Exit ¥15.45 ¥22.28 ¥32.59 37
10Y P/E Exit ¥13.76 ¥18.23 ¥24.27 35
Earnings-Based
Graham-Dodd ¥1.38 ¥7.43 ¥10.30 54
Lynch FV ¥2.06 ¥2.94 ¥3.82 50
PEG = 1.0 ¥2.06 ¥2.94 ¥3.82 46
EPV ¥6.32 ¥6.79 ¥7.19 59
Dividend Discount
Gordon GGM ¥0.9200 ¥1.82 ¥2.76 70
DDM Multi-Stage ¥0.9200 ¥1.58 ¥1.93 61
Multiples
P/E Multiple ¥3.20 ¥4.27 ¥5.34 63
P/S Multiple ¥2.59 ¥3.46 ¥4.32 58
P/B Multiple ¥2.59 ¥3.46 ¥4.32 55
EV/EBIT ¥8.60 ¥10.35 ¥12.09 53
EV/EBITDA ¥10.59 ¥12.99 ¥15.40 54
EV/Revenue ¥7.10 ¥8.70 ¥10.31 43
Asset-Based
NCAV (Graham) ¥2.78 ¥3.73 ¥5.57 50
Growth DCF
Growth DCF ¥19.70 ¥32.75 ¥54.72 80
Rev-Margin DCF ¥11.26 ¥15.46 ¥21.16 74
Economic Profit
Residual Income ¥4.06 ¥4.00 ¥3.49 76
ROIC Compounder ¥6.67 ¥7.92 ¥9.44 72
Growth Earnings
Growth-Adj P/E ¥3.02 ¥4.32 ¥5.61 68

Widest divergence: DCF Models (¥18.23) versus Dividend Discount (¥1.58). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.7B CNY
Revenue growth (YoY) +10.5%
Net margin 2.8%
Return on equity 3.5%
Free cash flow 445M CNY FY2025
P/E ratio 49.9
More key figures
Operating margin 0.6%
EPS (TTM) ¥0.2400
Dividend yield 0.7%
EPS growth (YoY) +200%
Net cash 662M CNY FY2024

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 65 · Market factors (momentum, volatility) 52

Profitability 31
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 63
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

Tianjin Keyvia Electric Co.,Ltd engages in the research and development, production, and sales of electrified railway and urban rail transit traction power supply systems in China.

Full company description

Tianjin Keyvia Electric Co.,Ltd engages in the research and development, production, and sales of electrified railway and urban rail transit traction power supply systems in China. The company offers power supply dispatching, substation and distribution integrated automation, telecontrol terminal control, wide area protection measurement and control, intelligent auxiliary monitoring, railway tunnel monitoring, electrical detection vehicle, and simulation teaching and training systems for electrified railway power supply automation. It also provides integrated monitoring system, integrated automation system of substation, rigid suspension catenary system, dc switch cabinet, environment and equipment monitoring system, energy management system, comprehensive intelligent security monitoring system, integrated intelligent power supply operation management system, power supply protection measurement and control system, visual grounding system, LTE and dedicated wireless system, vehicles and electrical parts, and power supply overhaul equipment for urban rail transit. In addition, the company offers city management information platform, integrated energy management systems, and intelligent building systems. Further, it provides consulting, design, installation, commissioning, and services for traction power supply systems. The company was incorporated in 2000 and is based in Tianjin, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianjin Keyvia Electric Co reported revenue of ¥2.7B in FY2025 versus ¥1.9B in FY2021, a compound +9.0%/yr. Reported net income was ¥70.4M in FY2025, compounding +1.1%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.7B CNY
Latest YoY
+21.4%
Avg. growth/yr (3Y)
+12.0%
Avg. growth/yr (5Y)
+6.6%
Avg. growth/yr (14Y)
+18.7%
Revenue +9.0%/yr
FY21 ¥1.9B
FY22 ¥1.9B
FY23 ¥2.0B
FY24 ¥2.2B
FY25 ¥2.7B
Net income +1.1%/yr
FY21 ¥67.4M
FY22 ¥89.0M
FY23 ¥96.3M
FY24 ¥93.9M
FY25 ¥70.4M

300407 screens 66% overvalued. Compare with Union Pacific Corporation →

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Cite: Fair Value Calculator (2026). "Tianjin Keyvia Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/300407

Peer Group

Railroads · 111 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 61 · Top 25%
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 49.9× · Pricier than 75% of peers
P/B 2.15× · Pricier than median
P/S (TTM) 1.52× · Pricier than median
P/FCF 1.4× · Cheaper than median
EV/EBITDA 17.8× · Pricier than 75% of peers

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 0 · sector 28
FUTURE 53 · sector 20
PAST 14 · sector 31
HEALTH 99 · sector 88
DIVIDEND 13 · sector 41

VALUE 0: the price sits above our fair-value range.

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 Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $301.75 $144.60 -52%
CSX Corporation CSX $49.41 $12.85 -74%
Canadian Pacific Kansas City Limited CP $92.91 $35.00 -62%
Canadian National Railway Company CNI $128.22 $92.63 -28%
Norfolk Southern Corporation NSC $327.47 $117.90 -64%
Westinghouse Air Brake Technologies Corporation WAB $259.71 $144.80 -44%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.82 ¥5.65 +17%
CRRC Corporation 601766 ¥5.65 ¥9.53 +69%
Daqin Railway Co 601006 ¥4.85 ¥6.24 +29%
Hyundai Rotem Company 064350 167,700 KRW 125,182 KRW -25%

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Frequently asked questions

Is Tianjin Keyvia Electric Co (300407) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥4.27 versus a price of ¥12.51, about −66% (overvalued).
What is the fair value of 300407?
Our model-based fair value for Tianjin Keyvia Electric Co is ¥4.27 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥12.51.
What is the quality score of 300407?
Tianjin Keyvia Electric Co has a Quality Score of 61/100. 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 Tianjin Keyvia Electric Co (300407)?
Tianjin Keyvia Electric Co reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300407?
The net profit margin of Tianjin Keyvia Electric Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Tianjin Keyvia Electric Co pay a dividend?
Tianjin Keyvia Electric Co currently shows a dividend yield of about 0.66% relative to its recent price (as of Jul 9, 2026).

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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