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Shenzhen Sinexcel Electric Co (300693) Fair Value & Analysis

Industrials · CN · Market cap 14.6B CNY

SS Shenzhen Sinexcel Electric Co 300693 · SHE
Price¥46.77
Fair Value¥25.78
Upside-44.9%
Quality68/100
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Healthy Growth
Solidly profitable · 13.6% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 66/100
Evidence: Medium Range ¥19.39 – ¥69.34 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Share price +23.1% over the past month.

A solid business, but screening 45% overvalued on our models.

What matters now

  • The model range is unusually wide (¥19.39 to ¥69.34). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥69.02 ¥10.73 Fair Value ¥25.78 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥10.73 – ¥69.02 · fair‑value band ¥19.39 – ¥69.34 · the ¥46.77 price screens above the ¥25.78 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shenzhen Sinexcel Electric Co (300693) currently trades at ¥46.77, while our model-based Fair Value estimate is ¥25.78, implying the stock looks roughly 44.9% overvalued today. The Quality Score stands at 68/100 (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: medium).

Over the trailing twelve months, Shenzhen Sinexcel Electric Co generated revenue of 3.6B CNY at a net margin of 13.6%. Revenue grew 23.1% year over year. It earns a return on equity of 23.6%. The balance sheet holds a net cash position of 315M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥19.39 (bear case) to ¥69.34 (bull case); at ¥46.77, 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 34% below its 52-week high and 70% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -45%, 300693 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 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 ¥31.43 ¥56.57 ¥107.37 80
Residual Income ¥10.15 ¥13.51 ¥70.30 76
Rev-Margin DCF ¥22.75 ¥39.81 ¥73.04 74
All 26 models by family
DCF Models
FCF DCF ¥33.28 ¥51.10 ¥107.84 38
Owner Earnings ¥23.29 ¥50.17 ¥106.61 31
5Y Revenue Exit ¥22.00 ¥35.06 ¥62.26 39
5Y EBITDA Exit ¥24.60 ¥40.31 ¥71.06 41
5Y P/E Exit ¥28.76 ¥60.20 ¥102.82 38
10Y Revenue Exit ¥25.00 ¥48.97 ¥63.18 36
10Y EBITDA Exit ¥27.53 ¥54.56 ¥100.38 37
10Y P/E Exit ¥30.56 ¥63.50 ¥117.13 35
Earnings-Based
Graham-Dodd ¥10.31 ¥71.92 ¥100.93 54
Lynch FV ¥29.98 ¥42.83 ¥55.68 50
PEG = 1.0 ¥29.98 ¥42.83 ¥55.68 46
EPV ¥16.48 ¥18.86 ¥20.94 59
Dividend Discount
Gordon GGM ¥4.70 ¥9.77 ¥15.50 70
DDM Multi-Stage ¥4.70 ¥8.24 ¥10.25 61
Multiples
P/E Multiple ¥23.89 ¥31.85 ¥39.81 63
P/S Multiple ¥16.61 ¥22.14 ¥27.68 58
P/B Multiple ¥19.34 ¥25.78 ¥32.23 55
EV/EBIT ¥23.43 ¥30.51 ¥37.58 53
EV/EBITDA ¥20.60 ¥26.73 ¥32.85 54
EV/Revenue ¥16.16 ¥22.14 ¥28.12 43
Asset-Based
NCAV (Graham) ¥3.15 ¥4.23 ¥6.31 50
Growth DCF
Growth DCF ¥31.43 ¥56.57 ¥107.37 80
Rev-Margin DCF ¥22.75 ¥39.81 ¥73.04 74
Economic Profit
Residual Income ¥10.15 ¥13.51 ¥70.30 76
ROIC Compounder ¥20.60 ¥29.16 ¥41.02 72
Growth Earnings
Growth-Adj P/E ¥37.34 ¥53.34 ¥69.34 68

Widest divergence: Growth Earnings (¥53.34) versus Asset-Based (¥4.23). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.6B CNY
Revenue growth (YoY) +23.1%
Net margin 13.6%
Return on equity 23.6%
Free cash flow 577M CNY FY2025
P/E ratio 30.9
More key figures
Operating margin 14.9%
EPS (TTM) ¥1.57
Dividend yield 1.1%
EPS growth (YoY) +16.2%
Net cash 315M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 69 · Market factors (momentum, volatility) 50

Profitability 75
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 78
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

Shenzhen Sinexcel Electric Co.,Ltd. provides energy internet core power equipment and solutions in China and internationally.

Full company description

Shenzhen Sinexcel Electric Co.,Ltd. provides energy internet core power equipment and solutions in China and internationally. The company offers industrial supporting power supply products, such as active power filter, static VAR generator, three-phase unbalanced control device, dynamic power supply, low voltage line voltage regulator, voltage regulator, uninterruptible power supply, laser generator power supply, single crystal silicon furnace heating power supply, etc. It also provides energy power conversion equipment products, including energy storage converters, DC converters, inverter-boost integrated cabins, and prefabricated cabinet-type and box-type semi-integrated energy storage systems. In addition, the company offers electric vehicle charging and battery replacement equipment comprising DC piles and AC piles, integrated and split types, and other product types; charging pile modules covers; and battery swap products, as well as battery formation and testing equipment, such as lithium battery and lead-acid series battery formation and testing equipment. Shenzhen Sinexcel Electric Co.,Ltd. was founded in 2007 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Sinexcel Electric Co reported revenue of ¥3.5B in FY2025 versus ¥1.0B in FY2021, a compound +35.7%/yr. Reported net income was ¥474M in FY2025, compounding +43.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.5B CNY
Latest YoY
+14.1%
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.
+32.1%
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.
+35.0%
Avg. growth/yr (13Y) 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.
+35.1%
Revenue +35.7%/yr
FY21 ¥1.0B
FY22 ¥1.5B
FY23 ¥2.7B
FY24 ¥3.0B
FY25 ¥3.5B
Net income +43.0%/yr
FY21 ¥113M
FY22 ¥224M
FY23 ¥403M
FY24 ¥429M
FY25 ¥474M
Character of growth · EPS growth decomposed (2014-2025) +22.6 % p.a.
Revenue per share +23.4 pp

of which total revenue +29.2 pp · buybacks/dilution −5.8 pp

EBIT margin +1.7 pp
Tax rate +0.5 pp
Residual (interest, one-offs) −3.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

300693 screens 45% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Shenzhen Sinexcel Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/300693

Peer Group

Electrical Equipment & Parts · 534 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 68 · Top 25%
Fair Value upside −45% · Below median
Return on equity (TTM) 24% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 23% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 26.7× · Cheaper than median
P/B 7.40× · Pricier than 75% of peers
P/S (TTM) 4.05× · Pricier than 75% of peers
P/FCF 3.8× · Cheaper than median
EV/EBITDA 24.1× · Pricier 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 57
PAST 94 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 19

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$654.00 HK$394.19 -40%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Hyosung Heavy Industries Corporation 298040 2,789,000 KRW 1,065,378 KRW -62%

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Frequently asked questions

Is Shenzhen Sinexcel Electric Co (300693) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥25.78 versus a price of ¥46.77, about −45% (overvalued).
What is the fair value of 300693?
Our model-based fair value for Shenzhen Sinexcel Electric Co is ¥25.78 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥46.77.
What is the quality score of 300693?
Shenzhen Sinexcel Electric Co has a Quality Score of 68/100. 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 Shenzhen Sinexcel Electric Co (300693)?
Shenzhen Sinexcel Electric Co reported trailing-twelve-month revenue of about 3.6B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300693?
The net profit margin of Shenzhen Sinexcel Electric Co is about 13.6%, meaning it keeps roughly 13.6% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Sinexcel Electric Co pay a dividend?
Shenzhen Sinexcel Electric Co currently shows a dividend yield of about 1.06% relative to its recent price (as of Aug 13, 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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