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Nanhua Instruments Co (300417) Fair Value & Analysis

Technology · CN · Market cap 1.5B CNY

NI Nanhua Instruments Co 300417 · SHE
Price¥10.94
Fair Value¥1.05
Upside-90.4%
Quality62/100
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Weak Growth
Loss-making · -0.7% net margin
generates free cash flow
0.62% dividend yield
Mixed vs. peers (5/12)
Narrow moat 22/100
Evidence: Medium Range ¥1.02 – ¥1.06 Share as image

Fair value as of: Jul 9, 2026

From 16 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥1.45 to ¥1.05 (−27.6%) since Jun 24, 2026. Share price +6.3% over the past month.

A solid business, but screening 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.06). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (¥1.02 to ¥1.06), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥19.24 ¥5.19 Fair Value ¥1.05 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 ¥5.19 – ¥19.24 · fair‑value band ¥1.02 – ¥1.06 · the ¥10.94 price screens above the ¥1.05 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Nanhua Instruments Co (300417) currently trades at ¥10.94, while our model-based Fair Value estimate is ¥1.05, implying the stock looks roughly 90.4% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Technology 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: medium).

Over the trailing twelve months, Nanhua Instruments Co generated revenue of 229M CNY at a net margin of -0.7%. Revenue grew 156.3% year over year. It earns a return on equity of -0.1%. The balance sheet holds a net cash position of 85.8M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥1.02 (bear case) to ¥1.06 (bull case); at ¥10.94, 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 30% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -90%, 300417 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.0200 to ¥2.27). Read the values as a conservative anchor, not as a price target.
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
Growth DCF ¥1.19 ¥1.34 ¥1.54 72
Gordon GGM ¥0.0100 ¥0.0200 ¥0.0300 70
Rev-Margin DCF ¥1.10 ¥1.20 ¥1.33 67
All 16 models by family
DCF Models
FCF DCF ¥1.19 ¥1.35 ¥1.58 38
Owner Earnings ¥1.50 ¥1.81 ¥2.26 31
5Y Revenue Exit ¥1.10 ¥1.20 ¥1.32 39
5Y EBITDA Exit ¥1.57 ¥2.12 ¥2.78 41
10Y Revenue Exit ¥1.13 ¥1.23 ¥1.36 36
10Y EBITDA Exit ¥1.41 ¥1.82 ¥2.41 37
Earnings-Based
EPV ¥1.01 ¥1.03 ¥1.04 59
Dividend Discount
Gordon GGM ¥0.0100 ¥0.0200 ¥0.0300 70
DDM Multi-Stage ¥0.0100 ¥0.0200 ¥0.0300 61
Multiples
EV/EBIT ¥1.12 ¥1.19 ¥1.27 53
EV/EBITDA ¥1.92 ¥2.27 ¥2.61 54
EV/Revenue ¥1.04 ¥1.11 ¥1.17 43
Asset-Based
NCAV (Graham) ¥1.70 ¥2.27 ¥3.39 50
Growth DCF
Growth DCF ¥1.19 ¥1.34 ¥1.54 72
Rev-Margin DCF ¥1.10 ¥1.20 ¥1.33 67
Economic Profit
ROIC Compounder ¥1.01 ¥1.03 ¥1.04 67

Widest divergence: Asset-Based (¥2.27) versus Dividend Discount (¥0.0200). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 229M CNY
Revenue growth (YoY) +156%
Net margin -0.7%
Return on equity -0.1%
Free cash flow 4.2M CNY FY2025
Operating margin -6.6%
More key figures
EPS (TTM) ¥-0.0100
Dividend yield 0.6%
EPS growth (YoY) -89.4%
Net cash 85.8M CNY FY2024

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 33

Profitability 15
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 84
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

Nanhua Instruments Co., Ltd. manufactures and sells vehicle test equipment in China. The company offers vehicle inspection line products, such as dynamometer, emission analyzers, steering clearance tester, suspension, wheel steering angle, plate brake, speed meter, wheel load, side slip, break, multi-axle wheel load, vehicle dimension, and loaded brake …

Full company description

Nanhua Instruments Co., Ltd. manufactures and sells vehicle test equipment in China. The company offers vehicle inspection line products, such as dynamometer, emission analyzers, steering clearance tester, suspension, wheel steering angle, plate brake, speed meter, wheel load, side slip, break, multi-axle wheel load, vehicle dimension, and loaded brake testers, as well as free roller and play detector. It also offers exhaust gas analyzers, BASM detection products, VMAS/ASM/lugdown testing systems, and headlight testers. In addition, the company provides motor vehicle emission detection equipment, environmental protection detection systems, and safety detection instruments, as well as safety detection systems, including computer detection/management network control system software. It also exports its products to Asia, the United States, Europe, Africa, and other countries. The company was founded in 1996 and is based in Foshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nanhua Instruments Co reported revenue of ¥196M in FY2025 versus ¥182M in FY2021, a compound +1.9%/yr. Reported net income was −¥2.6M in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
196M CNY
Latest YoY
+57.9%
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.
+15.3%
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.
−8.8%
Avg. growth/yr (14Y) 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.
+4.7%
Revenue +1.9%/yr
FY21 ¥182M
FY22 ¥128M
FY23 ¥112M
FY24 ¥124M
FY25 ¥196M
Net income
FY21 ¥12.2M
FY22 −¥33.1M
FY23 −¥4.1M
FY24 ¥14.8M
FY25 −¥2.6M

300417 screens 90% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Nanhua Instruments Co Fair Value". https://www.fairvalue-calculator.com/stock/300417

Peer Group

Scientific & Technical Instruments · 161 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 62 · Above median
Fair Value upside −90% · Bottom 25%
Return on assets -0% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth 156% · Top 25%
Dividend yield (TTM) 0.6% · Below median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 1.00× · Cheaper than median
P/FCF 54.3× · Pricier than 75% of peers
EV/EBITDA 12.9× · Cheaper 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 0 · sector 0
FUTURE 100 · sector 34
PAST 0 · sector 25
HEALTH 0 · sector 98
DIVIDEND 12 · sector 24

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Nanhua Instruments Co (300417) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥1.05 versus a price of ¥10.94, about −90% (overvalued).
What is the fair value of 300417?
Our model-based fair value for Nanhua Instruments Co is ¥1.05 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥10.94.
What is the quality score of 300417?
Nanhua Instruments Co has a Quality Score of 62/100. 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 Nanhua Instruments Co (300417)?
Nanhua Instruments Co reported trailing-twelve-month revenue of about 229M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300417?
The net profit margin of Nanhua Instruments Co is about -0.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Nanhua Instruments Co pay a dividend?
Nanhua Instruments Co currently shows a dividend yield of about 0.62% 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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