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Ningbo Sinyuan Zm Technology Co (301398) Fair Value & Analysis

Industrials · CN · Market cap 4.6B CNY

NS Ningbo Sinyuan Zm Technology Co 301398 · SHE
Price¥34.91
Fair Value¥6.98
Upside-80.0%
Quality31/100
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Expensive Growth
Thin margins · 3.0% net margin
Low debt · negative free cash flow
Trails peers (1/12)
Narrow moat 21/100
Evidence: Medium Range ¥5.24 – ¥9.05 Share as image

Fair value as of: Jul 9, 2026

From 14 valuation models · updated 34 days ago

Fair value updated Jul 9, 2026, revised from ¥8.63 to ¥6.98 (−19.1%) since Jun 24, 2026. Share price −11.9% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥9.05). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (4 years)

¥66.22 ¥19.81 Fair Value ¥6.98 Dec 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

44‑month range ¥19.81 – ¥66.22 · fair‑value band ¥5.24 – ¥9.05 · the ¥34.91 price screens above the ¥6.98 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Ningbo Sinyuan Zm Technology Co (301398) currently trades at ¥34.91, while our model-based Fair Value estimate is ¥6.98, implying the stock looks roughly 80.0% overvalued today. The Quality Score stands at 31/100 (below-average 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, Ningbo Sinyuan Zm Technology Co generated revenue of 453M CNY at a net margin of 3.0%. Revenue grew 27.2% year over year. It earns a return on equity of 1.2%. Net debt stands at 236M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥5.24 (bear case) to ¥9.05 (bull case); at ¥34.91, 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 48% 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 -66% fair-value upside, at -80%, 301398 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
Residual Income ¥7.45 ¥7.34 ¥6.50 76
ROIC Compounder ¥1.85 ¥2.44 ¥2.95 72
Growth-Adj P/E ¥6.89 ¥9.84 ¥12.79 68
All 14 models by family
Earnings-Based
Graham-Dodd ¥2.79 ¥16.60 ¥23.12 54
Lynch FV ¥4.72 ¥6.74 ¥8.76 50
PEG = 1.0 ¥4.72 ¥6.74 ¥8.76 46
EPV ¥1.85 ¥2.44 ¥2.95 59
Multiples
P/E Multiple ¥6.47 ¥8.63 ¥10.78 63
P/S Multiple ¥5.24 ¥6.98 ¥8.73 58
P/B Multiple ¥5.24 ¥6.98 ¥8.73 55
EV/EBIT ¥4.77 ¥7.00 ¥9.23 53
EV/EBITDA ¥6.36 ¥9.13 ¥11.89 54
EV/Revenue ¥2.85 ¥4.90 ¥6.95 43
Asset-Based
NCAV (Graham) ¥5.07 ¥6.80 ¥10.14 50
Economic Profit
Residual Income ¥7.45 ¥7.34 ¥6.50 76
ROIC Compounder ¥1.85 ¥2.44 ¥2.95 72
Growth Earnings
Growth-Adj P/E ¥6.89 ¥9.84 ¥12.79 68

Widest divergence: Growth Earnings (¥9.84) versus Economic Profit (¥2.44). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 453M CNY
Revenue growth (YoY) +27.2%
Net margin 3.0%
Return on equity 1.2%
Free cash flow −213M CNY FY2025
P/E ratio 345.3
More key figures
Operating margin -10.5%
EPS (TTM) ¥0.1200
EPS growth (YoY) -26.9%
Net debt 236M CNY FY2025

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

Quality Score breakdown

Overall quality 31/100

Of which business quality 36 · Market factors (momentum, volatility) 13

Profitability 25
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 4
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 40
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

Ningbo Sinyuan Zm Technology Co., Ltd., together with its subsidiaries, engages in the research, design, development, production, and sale of aluminum and magnesium alloy die-casting products in China and internationally.

Full company description

Ningbo Sinyuan Zm Technology Co., Ltd., together with its subsidiaries, engages in the research, design, development, production, and sale of aluminum and magnesium alloy die-casting products in China and internationally. It offers lamp cooling frame, seat armrest skeleton, sub-instrument panel skeleton, steering bracket, car display back plate, gearbox housing, ebike, and other body structure and interior parts. The company also provides engineering design, mould manufacturing, high pressure die-casting production, CNC finishing, passivation, and product surface coating and assembly services. It exports its products. The company was founded in 2003 and is based in Ningbo, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ningbo Sinyuan Zm Technology Co reported revenue of ¥429M in FY2025 versus ¥219M in FY2021, a compound +18.3%/yr. Reported net income was ¥46.0M in FY2025, compounding −3.8%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
429M CNY
Latest YoY
+5.0%
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.
+16.6%
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.
+19.8%
Revenue +18.3%/yr
FY21 ¥219M
FY22 ¥271M
FY23 ¥352M
FY24 ¥409M
FY25 ¥429M
Net income −3.8%/yr
FY21 ¥53.6M
FY22 ¥56.2M
FY23 ¥80.1M
FY24 ¥80.3M
FY25 ¥46.0M

301398 screens 80% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Ningbo Sinyuan Zm Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/301398

Peer Group

Metal Fabrication · 246 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 31 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) -11% · Bottom 25%
Revenue growth 27% · Top 25%
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 345.3× · Pricier than 75% of peers
P/B 4.08× · Pricier than 75% of peers
P/S (TTM) 10.25× · Pricier than 75% of peers
EV/EBITDA 70.6× · 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 0
FUTURE 100 · sector 34
PAST 5 · sector 20
HEALTH 81 · sector 95
DIVIDEND 0 · sector 25

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.

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10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

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Frequently asked questions

Is Ningbo Sinyuan Zm Technology Co (301398) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥6.98 versus a price of ¥34.91, about −80% (overvalued).
What is the fair value of 301398?
Our model-based fair value for Ningbo Sinyuan Zm Technology Co is ¥6.98 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥34.91.
What is the quality score of 301398?
Ningbo Sinyuan Zm Technology Co has a Quality Score of 31/100. 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 Ningbo Sinyuan Zm Technology Co (301398)?
Ningbo Sinyuan Zm Technology Co reported trailing-twelve-month revenue of about 453M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301398?
The net profit margin of Ningbo Sinyuan Zm Technology Co is about 3.0%, meaning it keeps roughly 3.0% 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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