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Sichuan Injet Electric Co (300820) Fair Value & Analysis

Industrials · CN · Market cap 15.8B CNY

SI Sichuan Injet Electric Co 300820 · SHE
Price¥54.26
Fair Value¥32.33
Upside-40.4%
Quality61/100
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Mixed Growth
Solidly profitable · 14.1% net margin
generates free cash flow
0.60% dividend yield
Mixed vs. peers (6/13)
Moderate moat 53/100
Evidence: High Range ¥24.25 – ¥40.42 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 ¥21.06 to ¥32.33 (+53.5%) since Jun 24, 2026. Share price −24.0% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥40.42). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥90.52 ¥13.96 Fair Value ¥32.33 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 ¥13.96 – ¥90.52 · fair‑value band ¥24.25 – ¥40.42 · the ¥54.26 price screens above the ¥32.33 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Sichuan Injet Electric Co (300820) currently trades at ¥54.26, while our model-based Fair Value estimate is ¥32.33, implying the stock looks roughly 40.4% overvalued today. The Quality Score stands at 61/100 (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: high).

Over the trailing twelve months, Sichuan Injet Electric Co generated revenue of 1.5B CNY at a net margin of 14.1%. Revenue declined 7.1% year over year. It earns a return on equity of 8.5%. The balance sheet holds a net cash position of 555M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥24.25 (bear case) to ¥40.42 (bull case); at ¥54.26, 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 31% 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 -40%, 300820 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
Residual Income ¥9.74 ¥10.59 ¥14.00 76
Growth DCF ¥27.44 ¥51.81 ¥96.94 72
Growth-Adj P/E ¥18.29 ¥26.13 ¥33.96 68
All 24 models by family
DCF Models
FCF DCF ¥28.42 ¥46.95 ¥97.35 38
Owner Earnings ¥18.79 ¥36.95 ¥73.92 31
5Y Revenue Exit ¥16.99 ¥26.36 ¥41.70 39
5Y EBITDA Exit ¥20.63 ¥34.41 ¥55.90 41
5Y P/E Exit ¥21.60 ¥37.94 ¥58.24 38
10Y Revenue Exit ¥20.03 ¥31.91 ¥47.30 36
10Y EBITDA Exit ¥22.90 ¥38.53 ¥65.13 37
10Y P/E Exit ¥23.57 ¥40.29 ¥67.33 35
Earnings-Based
Graham-Dodd ¥6.82 ¥44.85 ¥62.78 54
Lynch FV ¥13.07 ¥18.67 ¥24.28 50
PEG = 1.0 ¥13.07 ¥18.67 ¥24.28 46
EPV ¥13.27 ¥14.90 ¥16.32 59
Multiples
P/E Multiple ¥15.80 ¥21.06 ¥26.33 63
P/S Multiple ¥10.13 ¥13.51 ¥16.89 58
P/B Multiple ¥12.79 ¥17.05 ¥21.31 55
EV/EBIT ¥19.80 ¥25.22 ¥30.65 53
EV/EBITDA ¥17.92 ¥22.72 ¥27.52 54
EV/Revenue ¥12.04 ¥15.69 ¥19.34 43
Asset-Based
NCAV (Graham) ¥5.72 ¥7.67 ¥11.45 50
Growth DCF
Growth DCF ¥27.44 ¥51.81 ¥96.94 72
Rev-Margin DCF ¥16.99 ¥26.99 ¥41.50 67
Economic Profit
Residual Income ¥9.74 ¥10.59 ¥14.00 76
ROIC Compounder ¥14.65 ¥19.97 ¥24.10 67
Growth Earnings
Growth-Adj P/E ¥18.29 ¥26.13 ¥33.96 68

Widest divergence: DCF Models (¥36.95) versus Asset-Based (¥7.67). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) -7.1%
Net margin 14.1%
Return on equity 8.5%
Free cash flow 364M CNY FY2025
P/E ratio 75.6
More key figures
Operating margin 15.9%
EPS (TTM) ¥0.9400
Dividend yield 0.6%
EPS growth (YoY) -28.3%
Net cash 555M CNY FY2024

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 64 · Market factors (momentum, volatility) 55

Profitability 39
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 74
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

Sichuan Injet Electric Co., Ltd. engages in the research and development, design, and manufacturing of industrial power equipment and new energy vehicle charging piles in China.

Full company description

Sichuan Injet Electric Co., Ltd. engages in the research and development, design, and manufacturing of industrial power equipment and new energy vehicle charging piles in China. The company offers power controllers; general AC/DC power supply products; PDB water-cooled and PDA air-cooled programmable power supply products; RF/sputtering power supply products and series matchers; induction power products; induction power products; high-voltage DC power module and supply, solid state modulators, and microwave power products; and electric fusion welding machines, harmonic control, motor soft starter, and complete control systems. Its products are used in PV, sapphire industry, ferrous metallurgy, glass fiber industry, special power industry, industrial electric furnace, and other industry. The company also sells its products to the United States, the European Union, Japan, South Korea, India, and internationally. Sichuan Injet Electric Co., Ltd. was founded in 1996 and is based in Deyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sichuan Injet Electric Co reported revenue of ¥1.5B in FY2025 versus ¥660M in FY2021, a compound +22.8%/yr. Reported net income was ¥223M in FY2025, compounding +9.1%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
−15.7%
Avg. growth/yr (3Y)
+5.4%
Avg. growth/yr (5Y)
+29.0%
Avg. growth/yr (16Y)
+17.3%
Revenue +22.8%/yr
FY21 ¥660M
FY22 ¥1.3B
FY23 ¥1.8B
FY24 ¥1.8B
FY25 ¥1.5B
Net income +9.1%/yr
FY21 ¥157M
FY22 ¥339M
FY23 ¥431M
FY24 ¥323M
FY25 ¥223M

300820 screens 40% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Sichuan Injet Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/300820

Peer Group

Electrical Equipment & Parts · 528 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 61 · Above median
Fair Value upside −40% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 3% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 0.6% · Below median

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

P/E (TTM) 75.6× · Pricier than 75% of peers
P/B 6.21× · Pricier than 75% of peers
P/S (TTM) 10.69× · Pricier than 75% of peers
P/FCF 6.4× · Pricier than median
EV/EBITDA 58.3× · 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 0 · sector 57
PAST 34 · sector 26
HEALTH 0 · sector 97
DIVIDEND 12 · sector 18

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
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%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Sichuan Injet Electric Co (300820) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥32.33 versus a price of ¥54.26, about −40% (overvalued).
What is the fair value of 300820?
Our model-based fair value for Sichuan Injet Electric Co is ¥32.33 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥54.26.
What is the quality score of 300820?
Sichuan Injet Electric Co has a Quality Score of 61/100. 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 Sichuan Injet Electric Co (300820)?
Sichuan Injet Electric Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300820?
The net profit margin of Sichuan Injet Electric Co is about 14.1%, meaning it keeps roughly 14.1% of revenue as net income. Based on the latest reported figures.
Does Sichuan Injet Electric Co pay a dividend?
Sichuan Injet Electric Co currently shows a dividend yield of about 0.60% 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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