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Zhejiang EV-Tech Co (301607) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 8.9B CNY

ZE Zhejiang EV-Tech Co 301607 · SHE
Price¥37.99
Fair Value¥15.61
Upside-58.9%
Quality35/100
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Expensive Growth
Thin margins · 5.9% net margin
Low debt · negative free cash flow
0.28% dividend yield
Mixed vs. peers (6/13)
Moderate moat 50/100
Evidence: Medium Range ¥11.70 – ¥22.32 Share as image

Fair value as of: Jul 9, 2026

From 14 valuation models · updated 32 days ago

Share price −28.7% over the past month.

Below-average quality, and screening another 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥22.32). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (¥11.70 to ¥22.32) leaves room in how you read the outcome.
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Price vs Fair Value (23 months)

¥56.48 ¥22.26 Fair Value ¥15.61 Sep 2024 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

23‑month range ¥22.26 – ¥56.48 · fair‑value band ¥11.70 – ¥22.32 · the ¥37.99 price screens above the ¥15.61 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

Zhejiang EV-Tech Co (301607) currently trades at ¥37.99, while our model-based Fair Value estimate is ¥15.61, implying the stock looks roughly 58.9% overvalued today. The Quality Score stands at 35/100 (below-average 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, Zhejiang EV-Tech Co generated revenue of 4.6B CNY at a net margin of 5.9%. Revenue grew 107.4% year over year. It earns a return on equity of 23.3%. The balance sheet holds a net cash position of 443M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥11.70 (bear case) to ¥22.32 (bull case); at ¥37.99, 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 34% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at -59%, 301607 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
Residual Income ¥5.86 ¥7.78 ¥26.26 76
ROIC Compounder ¥18.35 ¥27.43 ¥39.27 72
Growth-Adj P/E ¥28.99 ¥41.42 ¥53.84 68
All 14 models by family
Earnings-Based
Graham-Dodd ¥6.24 ¥43.55 ¥61.11 54
Lynch FV ¥22.50 ¥32.14 ¥41.78 50
PEG = 1.0 ¥22.50 ¥32.14 ¥41.78 46
EPV ¥14.26 ¥16.34 ¥18.14 59
Multiples
P/E Multiple ¥13.77 ¥18.37 ¥22.96 63
P/S Multiple ¥11.71 ¥15.61 ¥19.51 58
P/B Multiple ¥11.71 ¥15.61 ¥19.51 55
EV/EBIT ¥22.85 ¥30.11 ¥37.38 53
EV/EBITDA ¥20.30 ¥26.72 ¥33.13 54
EV/Revenue ¥15.74 ¥22.04 ¥28.34 43
Asset-Based
NCAV (Graham) ¥2.62 ¥3.51 ¥5.24 50
Economic Profit
Residual Income ¥5.86 ¥7.78 ¥26.26 76
ROIC Compounder ¥18.35 ¥27.43 ¥39.27 72
Growth Earnings
Growth-Adj P/E ¥28.99 ¥41.42 ¥53.84 68

Widest divergence: Growth Earnings (¥41.42) versus Asset-Based (¥3.51). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.6B CNY
Revenue growth (YoY) +107%
Net margin 5.9%
Return on equity 23.3%
Free cash flow −360M CNY FY2025
P/E ratio 30.4
More key figures
Operating margin 8.6%
EPS (TTM) ¥1.25
Dividend yield 0.3%
EPS growth (YoY) +284%
Net cash 443M CNY FY2024

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

Quality Score breakdown

Overall quality 35/100

Of which business quality 37 · Market factors (momentum, volatility) 22

Profitability 50
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 0
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

Zhejiang EV-Tech Co.,Ltd. manufactures and sells on-board chargers and on-board DC/DC converters for new energy vehicles in China and internationally. It also provides off-board charging systems. Zhejiang EV-Tech Co.,Ltd. was founded in 2011 and is headquartered in Huzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang EV-Tech Co reported revenue of ¥4.1B in FY2025 versus ¥964M in FY2021, a compound +43.5%/yr. Reported net income was ¥215M in FY2025, compounding +39.0%/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)
4.1B CNY
Latest YoY
+111.6%
Avg. growth/yr (3Y)
+35.4%
Avg. growth/yr (5Y)
+69.2%
Avg. growth/yr (6Y)
+65.4%
Revenue +43.5%/yr
FY21 ¥964M
FY22 ¥1.7B
FY23 ¥1.8B
FY24 ¥1.9B
FY25 ¥4.1B
Net income +39.0%/yr
FY21 ¥57.6M
FY22 ¥86.8M
FY23 ¥96.4M
FY24 ¥94.6M
FY25 ¥215M

301607 screens 59% overvalued. Compare with Toyota Motor Corporation →

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Cite: Fair Value Calculator (2026). "Zhejiang EV-Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/301607

Peer Group

Auto Manufacturers · 119 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 35 · Bottom 25%
Fair Value upside −59% · Bottom 25%
Return on equity (TTM) 23% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 9% · Top 25%
Revenue growth 107% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 30.4× · Pricier than 75% of peers
P/B 7.25× · Pricier than 75% of peers
P/S (TTM) 1.92× · Pricier than 75% of peers
EV/EBITDA 17.4× · 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 28
FUTURE 100 · sector 33
PAST 93 · sector 19
HEALTH 97 · sector 94
DIVIDEND 6 · sector 44

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

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $179.76 $224.63 +25%
BYD Company 81211 HK$80.55 HK$50.85 -37%
Hyundai Motor Company 005380 425,000 KRW 616,918 KRW +45%
General Motors Company GM $77.72 $56.93 -27%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,944 MXN +54%
Ferrari N.V RACE $376.64 $228.05 -39%
Ford Motor Company F C$11.86 C$4.00 -66%
Mercedes-Benz Group BENZ C$20.44 C$35.15 +72%
Volkswagen AG VOW 2,149 CZK 7,191 CZK +235%
Maruti Suzuki India Limited MARUTI ₹13,803 ₹8,236 -40%

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Frequently asked questions

Is Zhejiang EV-Tech Co (301607) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥15.61 versus a price of ¥37.99, about −59% (overvalued).
What is the fair value of 301607?
Our model-based fair value for Zhejiang EV-Tech Co is ¥15.61 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥37.99.
What is the quality score of 301607?
Zhejiang EV-Tech Co has a Quality Score of 35/100. 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 Zhejiang EV-Tech Co (301607)?
Zhejiang EV-Tech Co reported trailing-twelve-month revenue of about 4.6B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301607?
The net profit margin of Zhejiang EV-Tech Co is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Zhejiang EV-Tech Co pay a dividend?
Zhejiang EV-Tech Co currently shows a dividend yield of about 0.28% 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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