Yeal Electric Co (300923) Fair Value & Analysis
Industrials · CN · Market cap 1.8B CNY
Fair value as of: Jul 9, 2026
From 14 valuation models · updated 33 days ago
Fair value updated Jul 9, 2026, revised from ¥9.83 to ¥9.25 (−5.9%) since Jun 24, 2026. Share price +12.2% over the past month.
A solid business, but screening 61% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥9.65). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 ¥11.08 – ¥33.55 · fair‑value band ¥6.94 – ¥9.65 · the ¥23.75 price screens above the ¥9.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.
Analysis
Yeal Electric Co (300923) currently trades at ¥23.75, while our model-based Fair Value estimate is ¥9.25, implying the stock looks roughly 61.1% overvalued today. The Quality Score stands at 52/100 (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, Yeal Electric Co generated revenue of 455M CNY at a net margin of 7.0%. Revenue declined 10.3% year over year. It earns a return on equity of 2.8%. The balance sheet holds a net cash position of 155M CNY. Fundamentals as of Jul 9, 2026
Our scenario range runs from ¥6.94 (bear case) to ¥9.65 (bull case); at ¥23.75, 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 21% 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 -28% fair-value upside, at -61%, 300923 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.
All 14 models by family
Widest divergence: Asset-Based (¥9.75) versus Earnings-Based (¥5.93). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 41
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
Yeal Electric Co., Ltd. engages in the research and development, production, and sales of rail vehicle electrical equipment, which are used in urban rail vehicles.
Full company description
Yeal Electric Co., Ltd. engages in the research and development, production, and sales of rail vehicle electrical equipment, which are used in urban rail vehicles. Its products include driver console, driver's cab electrical control cabinet, passenger compartment electrical control cabinet, lighting control system, logic control unit, battery management system, low-voltage electrical appliance monitoring system, emergency ventilation inverter box, high and low-voltage junction box, on-board battery box, on-board air purification equipment, vehicle electrical wiring harness, and other rail vehicle electrical equipment. It provides maintenance of electrical equipment for EMUs and high-speed rail vehicles, lighting fixtures, and electrical equipment for urban rail vehicles. The company was founded in 1986 and is based in Changchun, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Yeal Electric Co reported revenue of ¥464M in FY2025 versus ¥409M in FY2021, a compound +3.2%/yr. Reported net income was ¥34.6M in FY2025, compounding −17.7%/yr from FY2021.
300923 screens 61% overvalued. Compare with Union Pacific Corporation →
Peer Group
Railroads · 111 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.
Valuation Multiples vs Railroads median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Union Pacific Corporation UNP | $301.75 | $144.60 | -52% |
| CSX Corporation CSX | $49.41 | $12.85 | -74% |
| Canadian Pacific Kansas City Limited CP | $92.91 | $35.00 | -62% |
| Canadian National Railway Company CNI | $128.22 | $92.63 | -28% |
| Norfolk Southern Corporation NSC | $327.47 | $117.90 | -64% |
| Westinghouse Air Brake Technologies Corporation WAB | $259.71 | $144.80 | -44% |
| Beijing-Shanghai High-Speed Railway Co 601816 | ¥4.82 | ¥5.65 | +17% |
| CRRC Corporation 601766 | ¥5.65 | ¥9.53 | +69% |
| Daqin Railway Co 601006 | ¥4.85 | ¥6.24 | +29% |
| Hyundai Rotem Company 064350 | 167,700 KRW | 125,182 KRW | -25% |
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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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