Sanhe Tongfei Refrigeration Co (300990) Fair Value & Analysis
Industrials · CN · Market cap 15.7B CNY
Fair value as of: Jul 9, 2026
From 24 valuation models · updated 32 days ago
Fair value updated Jul 9, 2026, revised from ¥28.31 to ¥26.62 (−6.0%) since Jun 24, 2026. Share price −26.9% over the past month.
A solid business, but screening 64% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥39.94). The favourable scenario is already priced in.
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥20.20 to ¥39.94) leaves room in how you read the outcome.
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 ¥17.47 – ¥109.80 · fair‑value band ¥20.20 – ¥39.94 · the ¥73.85 price screens above the ¥26.62 fair value. Dashed = 300-day average. As of Jul 9, 2026.
Analysis
Sanhe Tongfei Refrigeration Co (300990) currently trades at ¥73.85, while our model-based Fair Value estimate is ¥26.62, implying the stock looks roughly 64.0% overvalued today. The Quality Score stands at 67/100 (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, Sanhe Tongfei Refrigeration Co generated revenue of 3.0B CNY at a net margin of 8.4%. Revenue grew 21.8% year over year. It earns a return on equity of 12.3%. The balance sheet holds a net cash position of 160M CNY. Fundamentals as of Jul 9, 2026
Our scenario range runs from ¥20.20 (bear case) to ¥39.94 (bull case); at ¥73.85, 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 31% below its 52-week high and 70% 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 -64%, 300990 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 24 models by family
Widest divergence: Growth Earnings (¥66.77) versus Asset-Based (¥8.17). Highest evidence: Residual Income (76).
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 66 · Market factors (momentum, volatility) 54
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
Sanhe Tongfei Refrigeration Co., Ltd. research, develops, produce, and sells of industrial temperature control equipment in China.
Full company description
Sanhe Tongfei Refrigeration Co., Ltd. research, develops, produce, and sells of industrial temperature control equipment in China. The company offers smart equipment manufacturing, including MCO/MCOI chiller, MCW/MCWI water chiller, MCS immersion chiller, MWA air/water heat exchanger, MEO oil/air heat exchanger, MCA temperature and humidity conditioner, MEA heat exchanger for electrical cabinet, and HE/HS electrophoretic special heat exchanger; renewable energy storage, such as LCI inverter liquid cooling unit, ECA wall mounted industrial air conditioner, ECA cabinet-in mounted industrial air conditioner, LCI PCS-specific cooling equipment, LCI high voltage cascaded/central cooling, and ECH industrial dehumidifier; and power transmission and distribution electric comprising HWA air/water heat exchanger, and LWA/LWW pure water cooling unit. It also provides intelligent computing center, including DWW cabinet CDU, DWW in rack CDU, DMF manifold, DTK TANK, DHWA dry cooler, DCW integrated chiller, DWA mini fan wall, DWA chilled water rear door heat exchanger, DCA external cabinet backpack aircon, DCA built-in integrated precision aircon, DCA DX rack aircon, DCA DX small precision aircon, DCA DX computer room precision aircon, DCA DX in row precision aircon, DCA DX small precision aircon, DCA DX computer room precision aircon, DCA DX in row precision aircon, single rack/single-row modular data center, single rack/single-double-row modular date center, and DMDC container. In addition, the company offers semiconductor manufacturing; hydrogen energy; and lasers products. Sanhe Tongfei Refrigeration Co., Ltd. was founded in 2001 and is headquartered in Sanhe, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sanhe Tongfei Refrigeration Co reported revenue of ¥2.9B in FY2025 versus ¥829M in FY2021, a compound +36.4%/yr. Reported net income was ¥253M in FY2025, compounding +20.5%/yr from FY2021.
300990 screens 64% overvalued. Compare with GE Vernova Inc →
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.
Valuation Multiples vs Specialty Industrial Machinery 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 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
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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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