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CATARC Automotive Proving Ground Co (301215) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 6.9B CNY

CA CATARC Automotive Proving Ground Co 301215 · SHE
Price¥5.24
Fair Value¥3.32
Upside-36.6%
Quality64/100
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Expensive Growth
Highly profitable · 36.9% net margin
Low debt · generates free cash flow
1.88% dividend yield
Mixed vs. peers (7/14)
Moderate moat 64/100
Evidence: High Range ¥1.77 – ¥4.13 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price +1.0% over the past month.

A solid business, but screening 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥4.13). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥1.77 to ¥4.13) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

¥10.78 ¥4.25 Fair Value ¥3.32 Mar 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

53‑month range ¥4.25 – ¥10.78 · fair‑value band ¥1.77 – ¥4.13 · the ¥5.24 price screens above the ¥3.32 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

CATARC Automotive Proving Ground Co (301215) currently trades at ¥5.24, while our model-based Fair Value estimate is ¥3.32, implying the stock looks roughly 36.6% overvalued today. The Quality Score stands at 64/100 (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: high).

Over the trailing twelve months, CATARC Automotive Proving Ground Co generated revenue of 592M CNY at a net margin of 36.9%. Revenue grew 60.0% year over year. It earns a return on equity of 7.5%. The stock trades on a trailing P/E of 32.6. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥1.77 (bear case) to ¥4.13 (bull case); at ¥5.24, 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 32% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at -37%, 301215 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥1.22 ¥2.14 ¥3.69 80
Residual Income ¥1.78 ¥1.87 ¥1.99 76
Rev-Margin DCF ¥0.7000 ¥1.07 ¥1.58 74
All 24 models by family
DCF Models
FCF DCF ¥1.25 ¥2.28 ¥4.19 38
Owner Earnings ¥1.55 ¥2.89 ¥5.27 31
5Y Revenue Exit ¥0.7000 ¥1.07 ¥1.56 39
5Y EBITDA Exit ¥2.00 ¥3.88 ¥6.34 41
5Y P/E Exit ¥2.14 ¥4.17 ¥6.62 38
10Y Revenue Exit ¥0.8600 ¥1.29 ¥1.93 36
10Y EBITDA Exit ¥1.73 ¥3.35 ¥6.02 37
10Y P/E Exit ¥1.82 ¥3.57 ¥6.25 35
Earnings-Based
Graham-Dodd ¥1.09 ¥5.89 ¥8.16 54
Lynch FV ¥1.63 ¥2.33 ¥3.03 50
PEG = 1.0 ¥1.63 ¥2.33 ¥3.03 46
EPV ¥1.37 ¥1.58 ¥1.75 59
Multiples
P/E Multiple ¥2.65 ¥3.53 ¥4.42 63
P/S Multiple ¥0.3900 ¥0.5200 ¥0.6500 58
P/B Multiple ¥2.05 ¥2.73 ¥3.41 55
EV/EBIT ¥2.52 ¥3.33 ¥4.14 53
EV/EBITDA ¥2.51 ¥3.32 ¥4.13 54
EV/Revenue ¥0.4400 ¥0.6000 ¥0.7500 43
Asset-Based
NCAV (Graham) ¥1.10 ¥1.48 ¥2.21 50
Growth DCF
Growth DCF ¥1.22 ¥2.14 ¥3.69 80
Rev-Margin DCF ¥0.7000 ¥1.07 ¥1.58 74
Economic Profit
Residual Income ¥1.78 ¥1.87 ¥1.99 76
ROIC Compounder ¥1.37 ¥1.58 ¥1.75 72
Growth Earnings
Growth-Adj P/E ¥2.45 ¥3.50 ¥4.55 68

Widest divergence: Growth Earnings (¥3.50) versus Growth DCF (¥1.07). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 592M CNY
Revenue growth (YoY) +60.0%
Net margin 36.9%
Return on equity 7.5%
Free cash flow 119M CNY FY2025
P/E ratio 32.6
More key figures
Operating margin 38.5%
EPS (TTM) ¥0.1600
Dividend yield 1.9%
EPS growth (YoY) +60.5%

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 29

Profitability 41
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 81
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

CATARC Automotive Proving Ground Co.,Ltd. engages in the provision of field test technical services in China. It is involved in building automobile field test environments and test scenarios to automobile manufacturers, automobile testing institutions, and automobile chassis component system companies, as well as tire companies; and invests, operates, and …

Full company description

CATARC Automotive Proving Ground Co.,Ltd. engages in the provision of field test technical services in China. It is involved in building automobile field test environments and test scenarios to automobile manufacturers, automobile testing institutions, and automobile chassis component system companies, as well as tire companies; and invests, operates, and manages automobile test sites. The company was founded in 2011 and is based in Yancheng, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CATARC Automotive Proving Ground Co reported revenue of ¥578M in FY2025 versus ¥298M in FY2021, a compound +18.0%/yr. Reported net income was ¥213M in FY2025, compounding +19.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
578M CNY
Latest YoY
+11.7%
Avg. growth/yr (3Y)
+21.2%
Avg. growth/yr (5Y)
+14.5%
Avg. growth/yr (6Y)
+8.2%
Revenue +18.0%/yr
FY21 ¥298M
FY22 ¥325M
FY23 ¥357M
FY24 ¥517M
FY25 ¥578M
Net income +19.8%/yr
FY21 ¥103M
FY22 ¥142M
FY23 ¥165M
FY24 ¥175M
FY25 ¥213M

301215 screens 37% overvalued. Compare with Carvana Co →

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Cite: Fair Value Calculator (2026). "CATARC Automotive Proving Ground Co Fair Value". https://www.fairvalue-calculator.com/stock/301215

Peer Group

Auto & Truck Dealerships · 102 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 64 · Top 25%
Fair Value upside −37% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 39% · Top 25%
Revenue growth 60% · Top 25%
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Auto & Truck Dealerships median · lower = cheaper

P/E (TTM) 32.6× · Pricier than 75% of peers
P/B 2.36× · Pricier than median
P/S (TTM) 11.67× · Pricier than 75% of peers
P/FCF 8.6× · Pricier than median
EV/EBITDA 19.2× · 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 21
FUTURE 100 · sector 9
PAST 30 · sector 20
HEALTH 99 · sector 89
DIVIDEND 38 · sector 49

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 & Truck Dealerships stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Carvana Co CVNA $70.38 $24.58 -65%
Penske Automotive Group PAG $202.66 $241.86 +19%
Hotai Motor Co 2207 476.50 TWD 576.75 TWD +21%
CarMax, Inc KMX $58.47 $29.62 -49%
Lithia Motors, Inc LAD $339.16 $610.95 +80%
AutoNation, Inc AN $205.72 $329.77 +60%
Rush Enterprises, Inc RUSHA $76.89 $66.27 -14%
Valvoline Inc VVV $38.64 $24.57 -36%
OPENLANE, Inc OPLN $39.46 $33.81 -14%
Eagers Automotive Limited APE A$20.83 A$17.66 -15%

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Frequently asked questions

Is CATARC Automotive Proving Ground Co (301215) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥3.32 versus a price of ¥5.24, about −37% (overvalued).
What is the fair value of 301215?
Our model-based fair value for CATARC Automotive Proving Ground Co is ¥3.32 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥5.24.
What is the quality score of 301215?
CATARC Automotive Proving Ground Co has a Quality Score of 64/100. 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 CATARC Automotive Proving Ground Co (301215)?
CATARC Automotive Proving Ground Co reported trailing-twelve-month revenue of about 592M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301215?
The net profit margin of CATARC Automotive Proving Ground Co is about 36.9%, meaning it keeps roughly 36.9% of revenue as net income. Based on the latest reported figures.
Does CATARC Automotive Proving Ground Co pay a dividend?
CATARC Automotive Proving Ground Co currently shows a dividend yield of about 1.88% 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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