Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shandong Laiwu Jinlei Wind Power Technology Co Ltd stock ¥22.01, price ¥18.24, upside +20.7%, quality 47 out of 100. Rating: undervalued. Calculated from audited financials with 17 of our 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 5, 2026.
How to read this chart
60‑month range ¥13.62 – ¥71.09 · fair‑value band ¥22.01 – ¥23.00 · the ¥18.24 price screens below the ¥22.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Jinlei Technology Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, machining, and sale of wind turbine main shafts, and various castings and forgings in China and internationally.
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The company provides fan spindle products comprising forged and casting shafts, and spindle accessories; and free forging products, including cylinders, discs, and other special-shaped forgings.
It offers new energy power equipment; bearings, gears, and transmission parts; and plastic and polymer composite products.
In addition, the company engages in the development, production, and sale of wind and solar power generation projects; commodity wholesale; and import and export of mechanical parts.
It serves the wind power, hydropower, thermal power, mining, metallurgy, petrochemical, shipbuilding, and mold industries. The company was formerly known as Shandong Laiwu Jinlei Wind Power Technology Co., Ltd. and changed its name to Jinlei Technology Co., Ltd. in February 2019.
Jinlei Technology Co., Ltd. was founded in 2006 and is based in Jinan, China.
Stock analysis
Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) currently trades at ¥18.24, while our model-based Fair Value estimate is ¥22.01, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥21.21 per share, and 6 of the 17 models we run sit above the ¥18.24 price.
Bear case: the Dividend Discount group reads lowest at ¥2.44, and 11 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥22.01 (bear) to ¥23.00 (bull), the price of ¥18.24 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 47/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shandong Laiwu Jinlei Wind Power Technology Co Ltd reported revenue of 2.5B CNY in FY2025 versus 1.7B CNY in FY2021, a compound +10.7%/yr. Reported net income was 314M CNY in FY2025, compounding −10.8%/yr from FY2021.
Key figures
Market cap 5.8B CNY (≈ $875M) Small · P/E ratio 23.7 · P/S ratio 2.33 · EPS (TTM) ¥0.7700 · Dividend yield 0.5% · Net margin 9.7% · Return on equity 3.8% · Return on assets (EBIT) 7.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 45% below its 52-week high and 9% 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 21%, 300443 screens cheaper than that median.
Fair Value models
Bear¥22.01Fair Value ¥22.01Bull¥23.00
Price ¥18.24 · Upside +20.7%
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 (¥0.5727 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.
Best data coverage
Owner Earnings¥2.70¥3.21¥4.0678
Residual Income¥14.36¥14.19¥14.8376
EPV¥10.06¥11.21¥12.1774
All 17 models by family
DCF Models
Owner Earnings¥2.70¥3.21¥4.0678
Earnings-Based
Graham-Dodd¥6.68¥36.60¥50.7763
Lynch FV¥10.18¥14.54¥18.9061
PEG = 1.0¥10.18¥14.54¥18.9057
EPV¥10.06¥11.21¥12.1774
Dividend Discount
Gordon GGM¥1.38¥2.57¥3.6667
DDM Multi-Stage¥1.38¥2.31¥2.7467
Multiples
P/E Multiple¥15.47¥20.63¥25.7963
P/S Multiple¥11.62¥15.49¥19.3758
P/B Multiple¥25.37¥33.83¥42.2955
EV/EBIT¥16.80¥21.78¥26.7766
EV/EBITDA¥20.53¥26.76¥32.9967
EV/Revenue¥11.59¥15.78¥19.9654
Asset-Based
NCAV (Graham)¥6.14¥9.30¥11.6255
Economic Profit
Residual Income¥14.36¥14.19¥14.8376
ROIC Compounder¥10.06¥11.21¥12.1772
Growth Earnings
Growth-Adj P/E¥14.81¥21.16¥27.5167
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.0%
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.
+11.0%
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.
+10.9%
Start year 2020 (pandemic). Over 10 years: +14.1% a year
Revenue growth 14 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.
+15.9%
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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.
−11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.3%
Dividend (yield on the price)0.5%
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.−12.3% vs 3.6%, slowing
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.41% → 15%
Compare Shandong Laiwu Jinlei Wind Power Technology Co Ltd 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 · 814 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+20.7% · Top 25%
Profitability
Return on equity (12 months)3.8% · Below median
Return on assets4.4% · Above median
Net margin (12 months)9.7% · Above median
Operating margin (12 months)13.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.0% · Below median
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.00× · 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). "Shandong Laiwu Jinlei Wind Power Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300443
Frequently asked questions
Is Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥22.01 versus a price of ¥18.24, about +21% upside (undervalued).
What is the fair value of 300443?
Our model-based fair value for Shandong Laiwu Jinlei Wind Power Technology Co Ltd is ¥22.01 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥18.24.
What is the quality score of 300443?
Shandong Laiwu Jinlei Wind Power Technology Co Ltd has a Quality Score of 47/100. 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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
Our model-based price target is the fair value of ¥22.01 (as of Nov 5, 2026) from 17 valuation models. Cautious scenario ¥22.01, optimistic scenario ¥23.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Shandong Laiwu Jinlei Wind Power Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥22.01, about +21% upside versus a price of ¥18.24 (undervalued). Cautious scenario ¥22.01, optimistic scenario ¥23.00. The calculation is refreshed regularly with new filings.
What is the revenue of Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
Shandong Laiwu Jinlei Wind Power Technology Co Ltd reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Nov 5, 2026).
Does Shandong Laiwu Jinlei Wind Power Technology Co Ltd pay a dividend?
Shandong Laiwu Jinlei Wind Power Technology Co Ltd currently shows a dividend yield of 0.55% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) and when is the ex-dividend date?
Shandong Laiwu Jinlei Wind Power Technology Co Ltd pays a dividend of ¥0.1 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Sep 23, 2026. The payout ratio is 13.0% of earnings. Our assessment: Token dividend. At a yield of 0.5% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.5% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shandong Laiwu Jinlei Wind Power Technology Co Ltd it is ¥22.01 per share (as of Nov 5, 2026), against a price of ¥18.24. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Shandong Laiwu Jinlei Wind Power Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 300443 trades below its calculated fair value: price ¥18.24, fair value ¥22.01, a gap of about +21% (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 300443?
No. The price is what the market pays today (¥18.24); the fair value is what the company's own numbers justify (¥22.01). For Shandong Laiwu Jinlei Wind Power Technology Co Ltd the two are ¥3.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shandong Laiwu Jinlei Wind Power Technology Co Ltd worth?
The market values Shandong Laiwu Jinlei Wind Power Technology Co Ltd at about 5.8B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥18.24; our models calculate a fair value of ¥22.01 per share.
What do the bullish and bearish scenarios say about 300443?
Our models span a range for Shandong Laiwu Jinlei Wind Power Technology Co Ltd: cautious scenario ¥22.01, base ¥22.01, optimistic ¥23.00 per share (as of Nov 5, 2026, price ¥18.24). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300443?
Shandong Laiwu Jinlei Wind Power Technology Co Ltd trades at a price-to-earnings ratio of 23.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥22.01 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 26.7. Other multiples: P/B 0.9, P/S 2.3, EV/EBITDA 9.4.
How solid is the balance sheet of Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
Balance-sheet figures for Shandong Laiwu Jinlei Wind Power Technology Co Ltd (as of Nov 5, 2026): return on equity 3.8%, debt of 0.00 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 300443 from its 52-week high?
Shandong Laiwu Jinlei Wind Power Technology Co Ltd trades at ¥18.24, about 45% below its 52-week high of ¥33.04 and 9% above the low of ¥16.68 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥22.01 is for.
Which stocks are comparable to Shandong Laiwu Jinlei Wind Power Technology Co Ltd?
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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥18.24, calculated fair value ¥22.01 (+21%), Quality Score 47/100, from 17 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 300443 calculated?
We run Shandong Laiwu Jinlei Wind Power Technology Co Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥22.01 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 13.0% above its aggregate fair value. Shandong Laiwu Jinlei Wind Power Technology Co Ltd currently trades 17% 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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
The closing price on Nov 6, 2026 was ¥18.24. Our model-based fair value is ¥22.01, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shandong Laiwu Jinlei Wind Power Technology Co Ltd right now?
The price is below even our cautious bear case (¥22.01). The market is more pessimistic than our downside scenario. The models converge in a tight band (¥22.01 to ¥23.00), unusually little disagreement for a valuation.
Where does the earnings growth of Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) come from?
Earnings per share at Shandong Laiwu Jinlei Wind Power Technology Co Ltd grew +3.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.3 %, EBIT margin −6.6 %, tax rate +0.3 %, residual (interest, one-offs) −0.1 %. 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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd
How large is the market capitalisation of Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
The market capitalisation of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is 5.8B CNY (≈ $875M). 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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
The price-to-sales ratio of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is 2.33 (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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
Earnings per share at Shandong Laiwu Jinlei Wind Power Technology Co Ltd are ¥0.7700 (price ÷ EPS = P/E 23.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
The dividend yield of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is 0.5% (payout 13.0%). 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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
The net margin of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is 9.7% (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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
The return on equity (ROE) of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is 3.8% (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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
On an EBIT basis the return on assets of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is 7.6% (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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
The operating margin of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
Revenue at Shandong Laiwu Jinlei Wind Power Technology Co Ltd is growing +6.0% versus a year earlier (3y avg +11.0%). 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 Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443)?
Earnings per share at Shandong Laiwu Jinlei Wind Power Technology Co Ltd are growing −22.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) generate?
The free cash flow of Shandong Laiwu Jinlei Wind Power Technology Co Ltd is −447M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) hold?
Shandong Laiwu Jinlei Wind Power Technology Co Ltd holds more cash than debt, 587M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026