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Zhejiang Changsheng Sliding Bearings Co (300718) Fair Value & Analysis

Industrials · CN · Market cap 20.3B CNY

ZC Zhejiang Changsheng Sliding Bearings Co 300718 · SHE
Price¥68.79
Fair Value¥16.38
Upside-76.2%
Quality71/100
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Healthy Growth
Solidly profitable · 19.6% net margin
Low debt · generates free cash flow
0.63% dividend yield
Mixed vs. peers (7/14)
Wide moat 69/100
Evidence: Medium Range ¥10.47 – ¥20.37 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥17.10 to ¥16.38 (−4.2%) since Jun 24, 2026. Share price +2.5% over the past month.

A solid business, but screening 76% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥20.37). The favourable scenario is already priced in.
  • A fairly wide model range (¥10.47 to ¥20.37) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥107.45 ¥10.17 Fair Value ¥16.38 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 ¥10.17 – ¥107.45 · fair‑value band ¥10.47 – ¥20.37 · the ¥68.79 price screens above the ¥16.38 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Zhejiang Changsheng Sliding Bearings Co (300718) currently trades at ¥68.79, while our model-based Fair Value estimate is ¥16.38, implying the stock looks roughly 76.2% overvalued today. The Quality Score stands at 71/100 (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, Zhejiang Changsheng Sliding Bearings Co generated revenue of 1.3B CNY at a net margin of 19.6%. Revenue grew 23.4% year over year. It earns a return on equity of 15.1%. The balance sheet holds a net cash position of 122M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥10.47 (bear case) to ¥20.37 (bull case); at ¥68.79, 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 37% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -76%, 300718 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 ¥9.72 ¥16.15 ¥26.82 80
Residual Income ¥5.76 ¥7.47 ¥19.69 76
Rev-Margin DCF ¥7.12 ¥11.21 ¥16.38 74
All 24 models by family
DCF Models
FCF DCF ¥9.73 ¥16.60 ¥28.21 38
Owner Earnings ¥12.44 ¥21.34 ¥36.40 31
5Y Revenue Exit ¥7.12 ¥11.23 ¥16.65 39
5Y EBITDA Exit ¥10.97 ¥19.01 ¥28.96 41
5Y P/E Exit ¥11.82 ¥20.72 ¥30.76 38
10Y Revenue Exit ¥7.76 ¥11.91 ¥17.95 36
10Y EBITDA Exit ¥10.47 ¥17.55 ¥28.06 37
10Y P/E Exit ¥11.03 ¥18.79 ¥29.53 35
Earnings-Based
Graham-Dodd ¥5.77 ¥24.84 ¥33.95 54
Lynch FV ¥6.37 ¥9.10 ¥11.83 50
PEG = 1.0 ¥6.37 ¥9.10 ¥11.83 46
EPV ¥8.73 ¥10.08 ¥11.26 59
Multiples
P/E Multiple ¥13.35 ¥17.81 ¥22.26 63
P/S Multiple ¥6.36 ¥8.49 ¥10.61 58
P/B Multiple ¥10.81 ¥14.41 ¥18.02 55
EV/EBIT ¥13.13 ¥17.30 ¥21.47 53
EV/EBITDA ¥12.59 ¥16.58 ¥20.58 54
EV/Revenue ¥5.96 ¥8.25 ¥10.54 43
Asset-Based
NCAV (Graham) ¥2.91 ¥3.90 ¥5.83 50
Growth DCF
Growth DCF ¥9.72 ¥16.15 ¥26.82 80
Rev-Margin DCF ¥7.12 ¥11.21 ¥16.38 74
Economic Profit
Residual Income ¥5.76 ¥7.47 ¥19.69 76
ROIC Compounder ¥9.66 ¥12.80 ¥16.97 72
Growth Earnings
Growth-Adj P/E ¥10.64 ¥15.20 ¥19.76 68

Widest divergence: DCF Models (¥17.55) versus Asset-Based (¥3.90). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.3B CNY
Revenue growth (YoY) +23.4%
Net margin 19.6%
Return on equity 15.1%
Free cash flow 217M CNY FY2025
P/E ratio 78.1
More key figures
Operating margin 22.6%
EPS (TTM) ¥0.8700
Dividend yield 0.6%
EPS growth (YoY) +11.1%
Net cash 122M CNY FY2024

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 68 · Market factors (momentum, volatility) 36

Profitability 58
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 79
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

Zhejiang Changsheng Sliding Bearings Co., Ltd. researches, develops, produces, and sells lubricated bearings and polymers in China and internationally. It offers self-lubricating bearings, low-friction pair components, modified engineering plastics, and fluoroplastic products.

Full company description

Zhejiang Changsheng Sliding Bearings Co., Ltd. researches, develops, produces, and sells lubricated bearings and polymers in China and internationally. It offers self-lubricating bearings, low-friction pair components, modified engineering plastics, and fluoroplastic products. The company's products are used in automobiles, construction machinery, artificial intelligence, clean energy, and mechanical engineering industries. Zhejiang Changsheng Sliding Bearings Co., Ltd. was founded in 1995 and is headquartered in Jiashan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Changsheng Sliding Bearings Co reported revenue of ¥1.3B in FY2025 versus ¥985M in FY2021, a compound +6.5%/yr. Reported net income was ¥253M in FY2025, compounding +13.1%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.3B CNY
Latest YoY
+11.5%
Avg. growth/yr (3Y)
+5.8%
Avg. growth/yr (5Y)
+14.1%
Avg. growth/yr (12Y)
+10.7%
Revenue +6.5%/yr
FY21 ¥985M
FY22 ¥1.1B
FY23 ¥1.1B
FY24 ¥1.1B
FY25 ¥1.3B
Net income +13.1%/yr
FY21 ¥155M
FY22 ¥102M
FY23 ¥242M
FY24 ¥229M
FY25 ¥253M

300718 screens 76% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Zhejiang Changsheng Sliding Bearings Co Fair Value". https://www.fairvalue-calculator.com/stock/300718

Peer Group

Specialty Industrial Machinery · 809 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 71 · Top 25%
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth 23% · Top 25%
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 78.1× · Pricier than 75% of peers
P/B 11.66× · Pricier than 75% of peers
P/S (TTM) 15.22× · Pricier than 75% of peers
P/FCF 13.9× · Pricier than median
EV/EBITDA 54.5× · 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 0
FUTURE 100 · sector 23
PAST 61 · sector 28
HEALTH 100 · sector 96
DIVIDEND 13 · 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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Zhejiang Changsheng Sliding Bearings Co (300718) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥16.38 versus a price of ¥68.79, about −76% (overvalued).
What is the fair value of 300718?
Our model-based fair value for Zhejiang Changsheng Sliding Bearings Co is ¥16.38 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥68.79.
What is the quality score of 300718?
Zhejiang Changsheng Sliding Bearings Co has a Quality Score of 71/100. 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 Zhejiang Changsheng Sliding Bearings Co (300718)?
Zhejiang Changsheng Sliding Bearings Co reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300718?
The net profit margin of Zhejiang Changsheng Sliding Bearings Co is about 19.6%, meaning it keeps roughly 19.6% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Changsheng Sliding Bearings Co pay a dividend?
Zhejiang Changsheng Sliding Bearings Co currently shows a dividend yield of about 0.63% 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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