Zhejiang Songyuan Automotive Safety (300893) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Zhejiang Songyuan Automotive Safety ¥13.20, price ¥14.08, upside -6.3%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥5.74 – ¥28.39 · fair‑value band ¥9.45 – ¥25.19 · the ¥14.08 price screens above the ¥13.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., together with its subsidiaries, engages in the design, research, development, production, sale, and service of automotive passive safety system products in China and internationally.
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Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., together with its subsidiaries, engages in the design, research, development, production, sale, and service of automotive passive safety system products in China and internationally. The company offers seat belt assemblies, air bags, steering wheels, and special seat safety devices; electronics comprising ECU, integrated switches, and harnesses; and test services. Its products are used in passenger cars/coaches, SUVs, compact/small cars, medium-size cars, trucks, and MPVs. The company is also involved in technology promotion and application services. Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. was incorporated in 2001 and is based in Yuyao, China.
Stock analysis
Zhejiang Songyuan Automotive Safety (300893) currently trades at ¥14.08, while our model-based Fair Value estimate is ¥13.20, implying the stock looks roughly 6.7% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥33.59 per share, and 8 of the 15 models we run sit above the ¥14.08 price.
Bear case: the DCF Models group reads lowest at ¥2.44, and 7 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥9.45 (bear) to ¥25.19 (bull), the price of ¥14.08 sits inside 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 41/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zhejiang Songyuan Automotive Safety reported revenue of 2.7B CNY in FY2025 versus 745M CNY in FY2021, a compound +37.7%/yr. Reported net income was 366M CNY in FY2025, compounding +34.7%/yr from FY2021.
Key figures
Market cap 9.5B CNY (≈ $1.4B) · P/E ratio 17.8 · P/S ratio 2.44 · EPS (TTM) ¥0.7900 · Dividend yield 0.6% · Net margin 13.7% · Return on equity 20.8% · Return on assets (EBIT) 10.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at −6%, 300893 screens cheaper than that median.
Fair Value models
Bear ¥9.45Fair Value ¥13.20Bull ¥25.19
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.5208 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.Evidence ⓘEvidence = 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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+35.9%
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.
+39.2%
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.
+38.0%
Start year 2020 (pandemic)
Revenue growth 9 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.
+22.8%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+32.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.1%
Dividend (yield on the price)0.6%
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.25% vs 10%, picking up
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.19% → 18%
2025 sits 75% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Zhejiang Songyuan Automotive Safety with another stock
Price, fair value, quality and upside side by side.
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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.Auto Parts · 663 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−6% · Above median
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth13% · Above median
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Is Zhejiang Songyuan Automotive Safety (300893) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥13.20 versus a price of ¥14.08, about −6% upside (fairly valued).
What is the fair value of 300893?
Our model-based fair value for Zhejiang Songyuan Automotive Safety is ¥13.20 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥14.08.
What is the quality score of 300893?
Zhejiang Songyuan Automotive Safety has a Quality Score of 41/100. 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 Zhejiang Songyuan Automotive Safety (300893)?
Our model-based price target is the fair value of ¥13.20 (as of Sep 23, 2026) from 15 valuation models. Cautious scenario ¥9.45, optimistic scenario ¥25.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Songyuan Automotive Safety stock forecast for 2026?
Our models put fair value at ¥13.20, about −6% upside versus a price of ¥14.08 (fairly valued). Cautious scenario ¥9.45, optimistic scenario ¥25.19. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Songyuan Automotive Safety (300893)?
Zhejiang Songyuan Automotive Safety reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Sep 23, 2026).
Does Zhejiang Songyuan Automotive Safety pay a dividend?
Zhejiang Songyuan Automotive Safety currently shows a dividend yield of about 0.55% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Zhejiang Songyuan Automotive Safety (300893)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Songyuan Automotive Safety it is ¥13.20 per share (as of Sep 23, 2026), against a price of ¥14.08. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Songyuan Automotive Safety stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 300893 trades above its calculated fair value: price ¥14.08, fair value ¥13.20, a gap of about −6% (fairly valued). 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 300893?
No. The price is what the market pays today (¥14.08); the fair value is what the company's own numbers justify (¥13.20). For Zhejiang Songyuan Automotive Safety the two are ¥0.8800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Songyuan Automotive Safety worth?
The market values Zhejiang Songyuan Automotive Safety at about 9.5B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥14.08; our models calculate a fair value of ¥13.20 per share.
What do the bullish and bearish scenarios say about 300893?
Our models span a range for Zhejiang Songyuan Automotive Safety: cautious scenario ¥9.45, base ¥13.20, optimistic ¥25.19 per share (as of Sep 23, 2026, price ¥14.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300893?
Zhejiang Songyuan Automotive Safety trades at a price-to-earnings ratio of 17.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥13.20 is built from several models across several years. Other multiples: P/B 4.7, P/S 3.5, EV/EBITDA 17.7.
How solid is the balance sheet of Zhejiang Songyuan Automotive Safety (300893)?
Balance-sheet figures for Zhejiang Songyuan Automotive Safety (as of Sep 23, 2026): return on equity 20.8%, debt of 0.12 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 300893 from its 52-week high?
Zhejiang Songyuan Automotive Safety trades at ¥14.08, about 50% below its 52-week high of ¥28.39 and 7% above the low of ¥13.17 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥13.20 is for.
Which stocks are comparable to Zhejiang Songyuan Automotive Safety?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Zhejiang Songyuan Automotive Safety stock attractive at the current price?
The data as of Sep 23, 2026: price ¥14.08, calculated fair value ¥13.20 (−6%), Quality Score 41/100, from 15 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 300893 calculated?
We run Zhejiang Songyuan Automotive Safety through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥13.20, 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 14.1 % above its aggregate fair value. Zhejiang Songyuan Automotive Safety itself currently trades above fair value. 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 Zhejiang Songyuan Automotive Safety (300893)?
The closing price on Sep 22, 2026 was ¥14.08. Our model-based fair value is ¥13.20, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Songyuan Automotive Safety right now?
The model range is unusually wide (¥9.45 to ¥25.19). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Zhejiang Songyuan Automotive Safety
How large is the market capitalisation of Zhejiang Songyuan Automotive Safety (300893)?
The market capitalisation of Zhejiang Songyuan Automotive Safety is 9.5B CNY (≈ $1.4B). 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 Zhejiang Songyuan Automotive Safety (300893)?
The price-to-sales ratio of Zhejiang Songyuan Automotive Safety is 2.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Songyuan Automotive Safety (300893)?
Earnings per share at Zhejiang Songyuan Automotive Safety are ¥0.7900 (price ÷ EPS = P/E 17.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Songyuan Automotive Safety (300893)?
The dividend yield of Zhejiang Songyuan Automotive Safety is 0.6% (payout 9.9%). 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 Zhejiang Songyuan Automotive Safety (300893)?
The net margin of Zhejiang Songyuan Automotive Safety is 13.7% (fiscal year 2025). 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 Zhejiang Songyuan Automotive Safety (300893)?
The return on equity (ROE) of Zhejiang Songyuan Automotive Safety is 20.8% (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 Zhejiang Songyuan Automotive Safety (300893)?
On an EBIT basis the return on assets of Zhejiang Songyuan Automotive Safety is 10.4% (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 Zhejiang Songyuan Automotive Safety (300893)?
The operating margin of Zhejiang Songyuan Automotive Safety is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Songyuan Automotive Safety (300893)?
Revenue at Zhejiang Songyuan Automotive Safety is growing +12.7% versus a year earlier (3y avg +39.2%). 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 Zhejiang Songyuan Automotive Safety (300893)?
Earnings per share at Zhejiang Songyuan Automotive Safety are growing −1.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhejiang Songyuan Automotive Safety (300893) generate?
The free cash flow of Zhejiang Songyuan Automotive Safety is −438M 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 debt does Zhejiang Songyuan Automotive Safety (300893) carry?
The net debt of Zhejiang Songyuan Automotive Safety is 847M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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