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Guangdong Nedfon Air System Co (301043) Fair Value & Analysis

Industrials · CN · Market cap 3.1B CNY

GN Guangdong Nedfon Air System Co 301043 · SHE
Price¥43.99
Fair Value¥16.39
Upside-62.7%
Quality61/100
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Mixed Growth
Solidly profitable · 12.4% net margin
Low debt · generates free cash flow
2.00% dividend yield
Mixed vs. peers (8/14)
Moderate moat 50/100
Evidence: High Range ¥12.29 – ¥20.48 Share as image

Fair value as of: Jul 9, 2026

From 23 valuation models · updated 33 days ago

Share price −9.5% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥20.48). 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)

¥80.30 ¥18.08 Fair Value ¥16.39 Aug 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 ¥18.08 – ¥80.30 · fair‑value band ¥12.29 – ¥20.48 · the ¥43.99 price screens above the ¥16.39 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Guangdong Nedfon Air System Co (301043) currently trades at ¥43.99, while our model-based Fair Value estimate is ¥16.39, implying the stock looks roughly 62.7% 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, Guangdong Nedfon Air System Co generated revenue of 564M CNY at a net margin of 12.4%. Revenue grew 5.7% year over year. It earns a return on equity of 8.0%. Net debt stands at 183M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥12.29 (bear case) to ¥20.48 (bull case); at ¥43.99, 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 47% below its 52-week high and 60% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -63%, 301043 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 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
Highest evidence
Growth DCF ¥13.78 ¥18.52 ¥24.75 80
Residual Income ¥10.22 ¥10.92 ¥12.16 76
Rev-Margin DCF ¥11.56 ¥16.55 ¥21.97 74
All 23 models by family
DCF Models
FCF DCF ¥13.49 ¥18.66 ¥25.77 38
Owner Earnings ¥9.01 ¥12.26 ¥16.74 31
5Y Revenue Exit ¥11.56 ¥16.40 ¥22.32 39
5Y EBITDA Exit ¥13.50 ¥19.87 ¥26.98 41
5Y P/E Exit ¥14.63 ¥21.90 ¥29.16 38
10Y Revenue Exit ¥11.93 ¥16.34 ¥21.75 36
10Y EBITDA Exit ¥13.38 ¥18.64 ¥25.09 37
10Y P/E Exit ¥14.07 ¥19.98 ¥26.65 35
Earnings-Based
Graham-Dodd ¥6.86 ¥16.70 ¥21.59 54
PEG = 1.0 ¥2.98 ¥4.25 ¥5.53 46
EPV ¥8.97 ¥10.16 ¥11.19 59
Multiples
P/E Multiple ¥15.88 ¥21.17 ¥26.46 63
P/S Multiple ¥12.29 ¥16.39 ¥20.48 58
P/B Multiple ¥12.85 ¥17.14 ¥21.42 55
EV/EBIT ¥14.83 ¥19.30 ¥23.78 53
EV/EBITDA ¥15.21 ¥19.82 ¥24.42 54
EV/Revenue ¥10.98 ¥15.09 ¥19.20 43
Asset-Based
NCAV (Graham) ¥6.22 ¥8.33 ¥12.43 50
Growth DCF
Growth DCF ¥13.78 ¥18.52 ¥24.75 80
Rev-Margin DCF ¥11.56 ¥16.55 ¥21.97 74
Economic Profit
Residual Income ¥10.22 ¥10.92 ¥12.16 76
ROIC Compounder ¥8.97 ¥10.16 ¥11.19 72
Growth Earnings
Growth-Adj P/E ¥12.14 ¥17.35 ¥22.55 68

Widest divergence: DCF Models (¥18.64) versus Asset-Based (¥8.33). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 564M CNY
Revenue growth (YoY) +5.7%
Net margin 12.4%
Return on equity 8.0%
Free cash flow 80.5M CNY FY2025
P/E ratio 43.6
More key figures
Operating margin 15.7%
EPS (TTM) ¥1.03
Dividend yield 2.0%
EPS growth (YoY) +7.7%
Net debt 183M CNY FY2025

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 61 · Market factors (momentum, volatility) 42

Profitability 38
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 82
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

Guangdong Nedfon Air System Co., Ltd. develops, manufactures, and sells ventilation products in China and internationally.

Full company description

Guangdong Nedfon Air System Co., Ltd. develops, manufactures, and sells ventilation products in China and internationally. The company offers air curtain, household exhaust fan, industry ventilation fan, duct fan for tube, bathroom master, belt-driven cooling fan, energy recovery ventilators, ventilators for air conditioning system, and ventilators for fire-fighting application and other special applications, as well as fresh air systems and air fan. Guangdong Nedfon Air System Co., Ltd. was founded in 1992 and is headquartered in Taishan, China. Guangdong Nedfon Air System Co., Ltd. operates as a subsidiary of Taishan Aoda Investment Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangdong Nedfon Air System Co reported revenue of ¥557M in FY2025 versus ¥551M in FY2021, a compound +0.3%/yr. Reported net income was ¥68.6M in FY2025, compounding +6.7%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
557M CNY
Latest YoY
−7.4%
Avg. growth/yr (3Y) 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.
+5.6%
Avg. growth/yr (5Y) 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.
+6.2%
Avg. growth/yr (6Y) 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.
+4.4%
Revenue +0.3%/yr
FY21 ¥551M
FY22 ¥473M
FY23 ¥570M
FY24 ¥602M
FY25 ¥557M
Net income +6.7%/yr
FY21 ¥52.8M
FY22 ¥41.7M
FY23 ¥96.2M
FY24 ¥105M
FY25 ¥68.6M

301043 screens 63% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Guangdong Nedfon Air System Co Fair Value". https://www.fairvalue-calculator.com/stock/301043

Peer Group

Building Products & Equipment · 247 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 −63% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 2.0% · Above median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 43.6× · Pricier than 75% of peers
P/B 3.61× · Pricier than 75% of peers
P/S (TTM) 5.41× · Pricier than 75% of peers
P/FCF 5.6× · Pricier than median
EV/EBITDA 33.7× · 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 3
FUTURE 29 · sector 9
PAST 32 · sector 23
HEALTH 100 · sector 94
DIVIDEND 40 · sector 29

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Guangdong Nedfon Air System Co (301043) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥16.39 versus a price of ¥43.99, about −63% (overvalued).
What is the fair value of 301043?
Our model-based fair value for Guangdong Nedfon Air System Co is ¥16.39 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥43.99.
What is the quality score of 301043?
Guangdong Nedfon Air System 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 Guangdong Nedfon Air System Co (301043)?
Guangdong Nedfon Air System Co reported trailing-twelve-month revenue of about 564M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301043?
The net profit margin of Guangdong Nedfon Air System Co is about 12.4%, meaning it keeps roughly 12.4% of revenue as net income. Based on the latest reported figures.
Does Guangdong Nedfon Air System Co pay a dividend?
Guangdong Nedfon Air System Co currently shows a dividend yield of about 2.00% 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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