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Weihai Honglin Electronic Co (301439) Fair Value & Analysis

Industrials · CN · Market cap 6.9B CNY

WH Weihai Honglin Electronic Co 301439 · SHE
Price¥15.05
Fair Value¥10.26
Upside-31.8%
Quality40/100
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Expensive Growth
Thin margins · 4.9% net margin
Low debt · negative free cash flow
1.14% dividend yield
Ranks above peers (8/13)
Narrow moat 38/100
Evidence: Medium Range ¥7.63 – ¥12.89 Share as image

Fair value as of: Jul 9, 2026

From 14 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥10.44 to ¥10.26 (−1.7%) since Jun 24, 2026. Share price +2.0% over the past month.

Below-average quality, and screening another 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥12.89). The favourable scenario is already priced in.
  • Weak quality (40/100) 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 (3 years)

¥23.48 ¥9.43 Fair Value ¥10.26 Mar 2023 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

41‑month range ¥9.43 – ¥23.48 · fair‑value band ¥7.63 – ¥12.89 · the ¥15.05 price screens above the ¥10.26 fair value. Dashed = 300-day average. As of Jul 9, 2026.

Full chart & analysis →

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Analysis

Weihai Honglin Electronic Co (301439) currently trades at ¥15.05, while our model-based Fair Value estimate is ¥10.26, implying the stock looks roughly 31.8% overvalued today. The Quality Score stands at 40/100 (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, Weihai Honglin Electronic Co generated revenue of 4.2B CNY at a net margin of 4.9%. Revenue grew 26.3% year over year. It earns a return on equity of 6.9%. Net debt stands at 102M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥7.63 (bear case) to ¥12.89 (bull case); at ¥15.05, 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 41% below its 52-week high and 6% 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 -32%, 301439 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥6.17 ¥6.40 ¥6.58 76
ROIC Compounder ¥6.00 ¥6.72 ¥7.33 72
Growth-Adj P/E ¥9.15 ¥13.08 ¥17.00 68
All 14 models by family
Earnings-Based
Graham-Dodd ¥3.51 ¥22.33 ¥31.20 54
Lynch FV ¥6.46 ¥9.22 ¥11.99 50
PEG = 1.0 ¥6.46 ¥9.22 ¥11.99 46
EPV ¥6.00 ¥6.72 ¥7.33 59
Multiples
P/E Multiple ¥8.13 ¥10.84 ¥13.55 63
P/S Multiple ¥6.58 ¥8.77 ¥10.97 58
P/B Multiple ¥6.58 ¥8.77 ¥10.97 55
EV/EBIT ¥9.51 ¥12.18 ¥14.86 53
EV/EBITDA ¥9.38 ¥12.01 ¥14.64 54
EV/Revenue ¥7.21 ¥9.67 ¥12.12 43
Asset-Based
NCAV (Graham) ¥3.91 ¥5.24 ¥7.83 50
Economic Profit
Residual Income ¥6.17 ¥6.40 ¥6.58 76
ROIC Compounder ¥6.00 ¥6.72 ¥7.33 72
Growth Earnings
Growth-Adj P/E ¥9.15 ¥13.08 ¥17.00 68

Widest divergence: Growth Earnings (¥13.08) versus Asset-Based (¥5.24). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.2B CNY
Revenue growth (YoY) +26.3%
Net margin 4.9%
Return on equity 6.9%
Free cash flow −436M CNY FY2025
P/E ratio 33.2
More key figures
Operating margin 6.6%
EPS (TTM) ¥0.5300
Dividend yield 1.1%
EPS growth (YoY) +7.7%
Net debt 102M CNY FY2022

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 42 · Market factors (momentum, volatility) 36

Profitability 35
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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

Weihai Honglin Electronic Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of power cord components and special cables for use in 3C, household appliances, and channel markets in China and internationally.

Full company description

Weihai Honglin Electronic Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of power cord components and special cables for use in 3C, household appliances, and channel markets in China and internationally. The company offers computer and household appliance, smart home, and access power cord assemblies; and precision electrical wiring, rubber wires, special cables for industrial equipment, and new energy electric vehicle charging connection products. It also engages in housing rental activities. The company exports its products. The company was founded in 1997 and is based in Weihai, China. Weihai Honglin Electronic Co., Ltd. operates as a subsidiary of Weihai Mingbo Cable Technology Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Weihai Honglin Electronic Co reported revenue of ¥4.0B in FY2025 versus ¥2.4B in FY2021, a compound +12.8%/yr. Reported net income was ¥201M in FY2025, compounding +5.5%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.0B CNY
Latest YoY
+16.8%
Avg. growth/yr (3Y)
+20.1%
Revenue +12.8%/yr
FY21 ¥2.4B
FY22 ¥2.3B
FY23 ¥2.5B
FY24 ¥3.4B
FY25 ¥4.0B
Net income +5.5%/yr
FY21 ¥162M
FY22 ¥179M
FY23 ¥214M
FY24 ¥197M
FY25 ¥201M

301439 screens 32% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Weihai Honglin Electronic Co Fair Value". https://www.fairvalue-calculator.com/stock/301439

Peer Group

Electrical Equipment & Parts · 528 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 40 · Bottom 25%
Fair Value upside −32% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 26% · Above median
Dividend yield (TTM) 1.1% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 33.2× · Pricier than median
P/B 2.25× · Cheaper than median
P/S (TTM) 1.64× · Cheaper than median
EV/EBITDA 20.7× · Pricier than median

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 57
PAST 27 · sector 26
HEALTH 97 · sector 97
DIVIDEND 23 · sector 18

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

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Weihai Honglin Electronic Co (301439) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥10.26 versus a price of ¥15.05, about −32% (overvalued).
What is the fair value of 301439?
Our model-based fair value for Weihai Honglin Electronic Co is ¥10.26 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥15.05.
What is the quality score of 301439?
Weihai Honglin Electronic Co has a Quality Score of 40/100. 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 Weihai Honglin Electronic Co (301439)?
Weihai Honglin Electronic Co reported trailing-twelve-month revenue of about 4.2B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301439?
The net profit margin of Weihai Honglin Electronic Co is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.
Does Weihai Honglin Electronic Co pay a dividend?
Weihai Honglin Electronic Co currently shows a dividend yield of about 1.14% 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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