Jiangsu Zenergy Battery Tech (3677) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Jiangsu Zenergy Battery Tech HK$6.06, price HK$4.40, upside +37.9%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
17‑month range HK$4.25 – HK$12.30 · fair‑value band HK$4.51 – HK$7.75 · the HK$4.40 price screens below the HK$6.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Jiangsu Zenergy Battery Technologies Group Co., Ltd. engages in research, development, production, and sale of EV battery products, ESS battery products, and aviation battery products. The company offers battery solutions, such as battery cells, modules, packs, racks, and battery management systems. It serves the passenger vehicle power battery markets.
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Jiangsu Zenergy Battery Technologies Group Co., Ltd. engages in research, development, production, and sale of EV battery products, ESS battery products, and aviation battery products. The company offers battery solutions, such as battery cells, modules, packs, racks, and battery management systems. It serves the passenger vehicle power battery markets. The company was formerly known as Jiangsu Zenergy Battery Technologies Co., Ltd. and changed its name to Jiangsu Zenergy Battery Technologies Group Co., Ltd. in July 2024. Jiangsu Zenergy Battery Technologies Group Co., Ltd. was incorporated in 2019 and is headquartered in Changshu, China.
Stock analysis
Jiangsu Zenergy Battery Tech (3677) currently trades at HK$4.40, while our model-based Fair Value estimate is HK$6.06, implying the stock looks roughly 27.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$16.95 per share, and 8 of the 14 models we run sit above the HK$4.40 price.
Bear case: the Economic Profit group reads lowest at HK$1.40, and 6 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$4.51 (bear) to HK$7.75 (bull), the price of HK$4.40 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jiangsu Zenergy Battery Tech reported revenue of 8.1B CNY in FY2025 versus 1.5B CNY in FY2021, a compound +52.5%/yr. Reported net income was 809M CNY in FY2025.
Key figures
Market cap HK$14.2B (≈ $1.8B) · P/E ratio 14.6 · P/S ratio 1.46 · EPS (TTM) HK$0.0900 · Net margin 10.0% · Return on equity 11.6% · Return on assets (EBIT) −4.9% · Operating margin 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 64% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −32% fair-value upside, at 38%, 3677 screens cheaper than that median.
Fair Value models
Bear HK$4.51Fair Value HK$6.06Bull HK$7.75
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.0673 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+57.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+35.0%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−22.2% (2021) → 4.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Compare Jiangsu Zenergy Battery Tech with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Auto Parts · 681 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+37.9% · Above median
Profitability
Return on equity (TTM)11.6% · Above median
Return on assets2.0% · Below median
Net margin (TTM)10.0% · Top 25%
Operating margin (TTM)9.5% · Above median
Growth and dividend
Revenue growth50.0% · Top 25%
Balance sheet
Debt / equity0.47× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Jiangsu Zenergy Battery Tech (3677) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$6.06 versus a price of HK$4.40, about +38% upside (undervalued).
What is the fair value of 3677?
Our model-based fair value for Jiangsu Zenergy Battery Tech is HK$6.06 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$4.40.
What is the quality score of 3677?
Jiangsu Zenergy Battery Tech has a Quality Score of 45/100. 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 price target for Jiangsu Zenergy Battery Tech (3677)?
Our model-based price target is the fair value of HK$6.06 (as of Sep 27, 2026) from 14 valuation models. Cautious scenario HK$4.51, optimistic scenario HK$7.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Jiangsu Zenergy Battery Tech stock forecast for 2026?
Our models put fair value at HK$6.06, about +38% upside versus a price of HK$4.40 (undervalued). Cautious scenario HK$4.51, optimistic scenario HK$7.75. The calculation is refreshed regularly with new filings.
What is the revenue of Jiangsu Zenergy Battery Tech (3677)?
Jiangsu Zenergy Battery Tech reported trailing-twelve-month revenue of about 8.1B CNY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Jiangsu Zenergy Battery Tech (3677)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jiangsu Zenergy Battery Tech it is HK$6.06 per share (as of Sep 27, 2026), against a price of HK$4.40. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Jiangsu Zenergy Battery Tech stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 3677 trades below its calculated fair value: price HK$4.40, fair value HK$6.06, a gap of about +38% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 3677?
No. The price is what the market pays today (HK$4.40); the fair value is what the company's own numbers justify (HK$6.06). For Jiangsu Zenergy Battery Tech the two are HK$1.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jiangsu Zenergy Battery Tech worth?
The market values Jiangsu Zenergy Battery Tech at about HK$14.2B (market capitalisation, as of Sep 27, 2026). Per share that is HK$4.40; our models calculate a fair value of HK$6.06 per share.
What do the bullish and bearish scenarios say about 3677?
Our models span a range for Jiangsu Zenergy Battery Tech: cautious scenario HK$4.51, base HK$6.06, optimistic HK$7.75 per share (as of Sep 27, 2026, price HK$4.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3677?
Jiangsu Zenergy Battery Tech trades at a price-to-earnings ratio of 14.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$6.06 is built from several models across several years. Other multiples: P/B 1.5, P/S 1.5, EV/EBITDA 9.1.
How solid is the balance sheet of Jiangsu Zenergy Battery Tech (3677)?
Balance-sheet figures for Jiangsu Zenergy Battery Tech (as of Sep 27, 2026): return on equity 11.6%, debt of 0.47 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 3677 from its 52-week high?
Jiangsu Zenergy Battery Tech trades at HK$4.40, about 64% below its 52-week high of HK$12.30 and 3% above the low of HK$4.25 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$6.06 is for.
Which stocks are comparable to Jiangsu Zenergy Battery Tech?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Jiangsu Zenergy Battery Tech stock attractive at the current price?
The data as of Sep 27, 2026: price HK$4.40, calculated fair value HK$6.06 (+38%), Quality Score 45/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 3677 calculated?
We run Jiangsu Zenergy Battery Tech through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$6.06, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Jiangsu Zenergy Battery Tech currently trades 27 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Jiangsu Zenergy Battery Tech (3677)?
The closing price on Sep 30, 2026 was HK$4.40. Our model-based fair value is HK$6.06, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jiangsu Zenergy Battery Tech right now?
The price is below even our cautious bear case (HK$4.51). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Jiangsu Zenergy Battery Tech
How large is the market capitalisation of Jiangsu Zenergy Battery Tech (3677)?
The market capitalisation of Jiangsu Zenergy Battery Tech is HK$14.2B (≈ $1.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Jiangsu Zenergy Battery Tech (3677)?
The price-to-sales ratio of Jiangsu Zenergy Battery Tech is 1.46 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jiangsu Zenergy Battery Tech (3677)?
Earnings per share at Jiangsu Zenergy Battery Tech are HK$0.0900 (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Jiangsu Zenergy Battery Tech (3677)?
The net margin of Jiangsu Zenergy Battery Tech is 10.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Jiangsu Zenergy Battery Tech (3677)?
The return on equity (ROE) of Jiangsu Zenergy Battery Tech is 11.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Jiangsu Zenergy Battery Tech (3677)?
On an EBIT basis the return on assets of Jiangsu Zenergy Battery Tech is −4.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Jiangsu Zenergy Battery Tech (3677)?
The operating margin of Jiangsu Zenergy Battery Tech is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jiangsu Zenergy Battery Tech (3677)?
Revenue at Jiangsu Zenergy Battery Tech is growing +50.0% versus a year earlier (3y avg +35.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Jiangsu Zenergy Battery Tech (3677)?
Earnings per share at Jiangsu Zenergy Battery Tech are growing +150% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jiangsu Zenergy Battery Tech (3677) generate?
The free cash flow of Jiangsu Zenergy Battery Tech is −1.2B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Jiangsu Zenergy Battery Tech (3677) carry?
The net debt of Jiangsu Zenergy Battery Tech is 1.5B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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