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Shiyan Taixiang Industry Co (301192) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.2B CNY

ST Shiyan Taixiang Industry Co 301192 · SHE
Price¥20.06
Fair Value¥11.25
Upside-43.9%
Quality58/100
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Expensive Growth
Solidly profitable · 11.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Moderate moat 46/100
Evidence: Medium Range ¥8.71 – ¥13.80 Share as image

Fair value as of: Jul 9, 2026

From 15 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥11.66 to ¥11.25 (−3.5%) since Jun 24, 2026. Share price +8.3% over the past month.

A solid business, but screening 44% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥13.80). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

¥41.93 ¥10.52 Fair Value ¥11.25 Aug 2022 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

48‑month range ¥10.52 – ¥41.93 · fair‑value band ¥8.71 – ¥13.80 · the ¥20.06 price screens above the ¥11.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shiyan Taixiang Industry Co (301192) currently trades at ¥20.06, while our model-based Fair Value estimate is ¥11.25, implying the stock looks roughly 43.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical 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, Shiyan Taixiang Industry Co generated revenue of 474M CNY at a net margin of 11.6%. Revenue grew 7.1% year over year. It earns a return on equity of 8.7%. The balance sheet holds a net cash position of 110M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥8.71 (bear case) to ¥13.80 (bull case); at ¥20.06, 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -44%, 301192 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 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
Residual Income ¥5.23 ¥5.61 ¥6.42 76
ROIC Compounder ¥5.73 ¥6.58 ¥8.10 72
Growth-Adj P/E ¥9.04 ¥12.92 ¥16.80 68
All 15 models by family
DCF Models
Owner Earnings ¥2.51 ¥3.69 ¥5.88 31
Earnings-Based
Graham-Dodd ¥3.60 ¥21.29 ¥29.65 54
Lynch FV ¥6.04 ¥8.64 ¥11.23 50
PEG = 1.0 ¥6.04 ¥8.64 ¥11.23 46
EPV ¥5.73 ¥6.42 ¥7.02 59
Multiples
P/E Multiple ¥8.75 ¥11.66 ¥14.58 63
P/S Multiple ¥4.15 ¥5.53 ¥6.91 58
P/B Multiple ¥6.76 ¥9.01 ¥11.27 55
EV/EBIT ¥8.96 ¥11.50 ¥14.05 53
EV/EBITDA ¥10.08 ¥13.00 ¥15.92 54
EV/Revenue ¥5.20 ¥6.86 ¥8.52 43
Asset-Based
NCAV (Graham) ¥3.15 ¥4.23 ¥6.31 50
Economic Profit
Residual Income ¥5.23 ¥5.61 ¥6.42 76
ROIC Compounder ¥5.73 ¥6.58 ¥8.10 72
Growth Earnings
Growth-Adj P/E ¥9.04 ¥12.92 ¥16.80 68

Widest divergence: Growth Earnings (¥12.92) versus DCF Models (¥3.69). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 474M CNY
Revenue growth (YoY) +7.1%
Net margin 11.6%
Return on equity 8.7%
Free cash flow −6.2M CNY FY2025
P/E ratio 38.8
More key figures
Operating margin 10.4%
EPS (TTM) ¥0.5600
EPS growth (YoY) +25.0%
Net cash 110M CNY FY2024

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 59 · Market factors (momentum, volatility) 19

Profitability 40
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 80
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

Shiyan Taixiang Industry Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of automotive parts in China and internationally.

Full company description

Shiyan Taixiang Industry Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of automotive parts in China and internationally. The company offers components for steering, powertrain, and transmission systems; main bearing caps for automotive engines; differential reducer housings; precision die-cast aluminum alloy parts for automotive applications, such as engine cylinder head covers, oil pans, engine mounts, and servo housings; and electric drive and electronic control controller housings for new energy vehicles. It exports its products. The company serves automotive OEMs and parts suppliers. Shiyan Taixiang Industry Co.,Ltd. was founded in 1997 and is based in Shiyan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shiyan Taixiang Industry Co reported revenue of ¥467M in FY2025 versus ¥160M in FY2021, a compound +30.6%/yr. Reported net income was ¥53.7M in FY2025, compounding −6.6%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
467M CNY
Latest YoY
+10.5%
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.
+48.1%
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.
+24.7%
Avg. growth/yr (12Y) 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.
+17.4%
Revenue +30.6%/yr
FY21 ¥160M
FY22 ¥144M
FY23 ¥312M
FY24 ¥422M
FY25 ¥467M
Net income −6.6%/yr
FY21 ¥70.4M
FY22 ¥51.8M
FY23 ¥32.3M
FY24 ¥41.8M
FY25 ¥53.7M
Character of growth · EPS growth decomposed (2013-2024) −8.7 % p.a.
Revenue per share −2.3 pp

of which total revenue +11.0 pp · buybacks/dilution −13.3 pp

EBIT margin −7.4 pp
Tax rate −0.1 pp
Residual (interest, one-offs) +1.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

301192 screens 44% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "Shiyan Taixiang Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/301192

Peer Group

Auto Parts · 642 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 58 · Above median
Fair Value upside −44% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 10% · Above median
Revenue growth 7% · Above median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 38.8× · Pricier than median
P/B 3.44× · Pricier than 75% of peers
P/S (TTM) 4.64× · Pricier than 75% of peers
EV/EBITDA 21.0× · 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 16
FUTURE 36 · sector 23
PAST 35 · sector 26
HEALTH 95 · sector 95
DIVIDEND 0 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Shiyan Taixiang Industry Co (301192) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥11.25 versus a price of ¥20.06, about −44% (overvalued).
What is the fair value of 301192?
Our model-based fair value for Shiyan Taixiang Industry Co is ¥11.25 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥20.06.
What is the quality score of 301192?
Shiyan Taixiang Industry Co has a Quality Score of 58/100. 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 Shiyan Taixiang Industry Co (301192)?
Shiyan Taixiang Industry Co reported trailing-twelve-month revenue of about 474M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301192?
The net profit margin of Shiyan Taixiang Industry Co is about 11.6%, meaning it keeps roughly 11.6% of revenue as net income. Based on the latest reported figures.

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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