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Aerospace Intelligent Manufacturing Technology Co (300446) Fair Value & Analysis

Basic Materials · CN · Market cap 13.8B CNY

AI Aerospace Intelligent Manufacturing Technology Co 300446 · SHE
Price¥13.96
Fair Value¥17.71
Upside+26.9%
Quality50/100
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Expensive Growth
Thin margins · 9.4% net margin
Low debt · generates free cash flow
1.95% dividend yield
Ranks above peers (9/14)
Moderate moat 50/100
Evidence: High Range ¥13.28 – ¥37.62 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 ¥18.94 to ¥17.71 (−6.5%) since Jun 24, 2026. Share price −12.3% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • The model range is unusually wide (¥13.28 to ¥37.62). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥30.69 ¥5.95 Fair Value ¥17.71 Jan 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 ¥5.95 – ¥30.69 · fair‑value band ¥13.28 – ¥37.62 · the ¥13.96 price screens below the ¥17.71 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Aerospace Intelligent Manufacturing Technology Co (300446) currently trades at ¥13.96, while our model-based Fair Value estimate is ¥17.71, implying the stock looks roughly 26.9% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials 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: high), always confirm before acting.

Over the trailing twelve months, Aerospace Intelligent Manufacturing Technology Co generated revenue of 8.9B CNY at a net margin of 9.4%. Revenue declined 5.5% year over year. It earns a return on equity of 14.8%. The balance sheet holds a net cash position of 2.5B CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥13.28 (bear case) to ¥37.62 (bull case); at ¥13.96, the current price sits within 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 56% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 27%, 300446 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥6.90 ¥10.57 ¥16.58 80
Residual Income ¥6.97 ¥9.30 ¥27.85 76
Rev-Margin DCF ¥14.49 ¥25.53 ¥48.48 74
All 26 models by family
DCF Models
FCF DCF ¥7.14 ¥9.41 ¥16.64 38
Owner Earnings ¥21.70 ¥45.32 ¥94.92 31
5Y Revenue Exit ¥13.31 ¥22.75 ¥42.68 39
5Y EBITDA Exit ¥15.27 ¥26.71 ¥49.23 41
5Y P/E Exit ¥14.29 ¥30.44 ¥52.86 38
10Y Revenue Exit ¥11.21 ¥25.52 ¥36.10 36
10Y EBITDA Exit ¥13.14 ¥29.74 ¥60.07 37
10Y P/E Exit ¥12.43 ¥27.64 ¥53.60 35
Earnings-Based
Graham-Dodd ¥7.08 ¥49.40 ¥69.33 54
Lynch FV ¥25.52 ¥36.46 ¥47.40 50
PEG = 1.0 ¥25.52 ¥36.46 ¥47.40 46
EPV ¥13.03 ¥14.67 ¥16.11 59
Dividend Discount
Gordon GGM ¥2.61 ¥5.42 ¥8.59 70
DDM Multi-Stage ¥2.61 ¥4.57 ¥5.69 61
Multiples
P/E Multiple ¥13.28 ¥17.71 ¥22.14 63
P/S Multiple ¥11.98 ¥15.97 ¥19.97 58
P/B Multiple ¥13.28 ¥17.71 ¥22.14 55
EV/EBIT ¥16.33 ¥20.72 ¥25.10 53
EV/EBITDA ¥17.75 ¥22.61 ¥27.47 54
EV/Revenue ¥14.36 ¥19.15 ¥23.94 43
Asset-Based
NCAV (Graham) ¥3.49 ¥4.68 ¥6.98 50
Growth DCF
Growth DCF ¥6.90 ¥10.57 ¥16.58 80
Rev-Margin DCF ¥14.49 ¥25.53 ¥48.48 74
Economic Profit
Residual Income ¥6.97 ¥9.30 ¥27.85 76
ROIC Compounder ¥16.63 ¥24.86 ¥32.55 72
Growth Earnings
Growth-Adj P/E ¥31.40 ¥44.86 ¥58.32 68

Widest divergence: Growth Earnings (¥44.86) versus Dividend Discount (¥4.57). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 8.9B CNY
Revenue growth (YoY) -5.5%
Net margin 9.4%
Return on equity 14.8%
Free cash flow 199M CNY FY2025
P/E ratio 16.6
More key figures
Operating margin 8.8%
EPS (TTM) ¥0.9800
Dividend yield 2.0%
EPS growth (YoY) -26.1%
Net cash 2.5B CNY FY2024

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 52 · Market factors (momentum, volatility) 25

Profitability 63
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 40
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

Aerospace Intelligent Manufacturing Technology Co., Ltd. manufactures and sells automotive parts, oil and gas equipment, and functional materials in China and internationally.

Full company description

Aerospace Intelligent Manufacturing Technology Co., Ltd. manufactures and sells automotive parts, oil and gas equipment, and functional materials in China and internationally. It offers instrument panel assembly, sub-instrument and door panel assemblies, pillar inner guard plate, EPP foam parts, bumper assemblies, spoiler assemblies, all-plastic tailgate assemblies, underbody trims, ventilation cover assemblies, fenders, engine intake manifolds, pressure pipes, fuel rails, cylinder covers, molds for bumpers, pillars, door sills, intake manifolds, engine decorative covers, perforating equipment, completion equipment, and electromechanical control products. The company was formerly known as Baoding Lucky Innovative Materials Co.,Ltd and changed its name to Aerospace Intelligent Manufacturing Technology Co., Ltd. in October 2023. Aerospace Intelligent Manufacturing Technology Co., Ltd. was founded in 1958 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aerospace Intelligent Manufacturing Technology Co reported revenue of ¥9.0B in FY2025 versus ¥153M in FY2021, a compound +176.9%/yr. Reported net income was ¥881M in FY2025, compounding +264.5%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.0B CNY
Latest YoY
+15.7%
Avg. growth/yr (3Y)
+22.7%
Avg. growth/yr (5Y)
+133.0%
Avg. growth/yr (14Y)
+36.3%
Revenue +176.9%/yr
FY21 ¥153M
FY22 ¥4.9B
FY23 ¥5.9B
FY24 ¥7.8B
FY25 ¥9.0B
Net income +264.5%/yr
FY21 ¥5.0M
FY22 ¥262M
FY23 ¥423M
FY24 ¥792M
FY25 ¥881M

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Cite: Fair Value Calculator (2026). "Aerospace Intelligent Manufacturing Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300446

Peer Group

Specialty Chemicals · 676 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 50 · Below median
Fair Value upside +27% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 16.6× · Cheaper than median
P/B 2.33× · Pricier than median
P/S (TTM) 1.55× · Pricier than median
P/FCF 10.3× · Pricier than median
EV/EBITDA 7.7× · 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 69 · sector 0
FUTURE 0 · sector 19
PAST 59 · sector 23
HEALTH 99 · sector 95
DIVIDEND 39 · sector 25

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

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Aerospace Intelligent Manufacturing Technology Co (300446) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥17.71 versus a price of ¥13.96, about +27% (undervalued).
What is the fair value of 300446?
Our model-based fair value for Aerospace Intelligent Manufacturing Technology Co is ¥17.71 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥13.96.
What is the quality score of 300446?
Aerospace Intelligent Manufacturing Technology Co has a Quality Score of 50/100. 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 Aerospace Intelligent Manufacturing Technology Co (300446)?
Aerospace Intelligent Manufacturing Technology Co reported trailing-twelve-month revenue of about 8.9B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300446?
The net profit margin of Aerospace Intelligent Manufacturing Technology Co is about 9.4%, meaning it keeps roughly 9.4% of revenue as net income. Based on the latest reported figures.
Does Aerospace Intelligent Manufacturing Technology Co pay a dividend?
Aerospace Intelligent Manufacturing Technology Co currently shows a dividend yield of about 1.95% 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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