CALB Co. Ltd. (3931) Fair Value & Analysis
Industrials · HK · Market cap HK$40.9B
Fair value as of: Aug 13, 2026
From 14 valuation models · updated 3 days ago
Share price −2.5% over the past month.
Below-average quality, and screening another 16% overvalued on our models.
What matters now
- Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Our model range runs from HK$15.25 (bear) to HK$20.58 (bull), base HK$16.46. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
46‑month range HK$11.26 – HK$38.00 · fair‑value band HK$15.25 – HK$20.58 · the HK$19.69 price screens above the HK$16.46 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
CALB Co. Ltd. (3931) currently trades at HK$19.69, while our model-based Fair Value estimate is HK$16.46, implying the stock looks roughly 16.4% overvalued today. The Quality Score stands at 43/100 (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, CALB Co. Ltd. generated revenue of HK$49.3B at a net margin of 3.3%. Revenue grew 71.2% year over year. It earns a return on equity of 4.4%. Net debt stands at HK$48.7B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$15.25 (bear case) to HK$20.58 (bull case); at HK$19.69, the current price sits within 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 50% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -16%, 3931 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.
All 14 models by family
Widest divergence: Growth Earnings (HK$38.12) versus Economic Profit (HK$4.94). Highest evidence: ROIC Compounder (72).
Notify me when 3931 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 27
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
CALB Group Co., Ltd., a new energy technology company, engages in the design, research, development, production, and sale of electric vehicle batteries and energy storage system products in Mainland China, Europe, Asia, the United States, and internationally.
Full company description
CALB Group Co., Ltd., a new energy technology company, engages in the design, research, development, production, and sale of electric vehicle batteries and energy storage system products in Mainland China, Europe, Asia, the United States, and internationally. The company is also involved in research, production, sales and market application development of lithium batteries, battery management systems, and related integrated products, as well as materials for lithium batteries; and research and development, manufacturing, and sales of automotive parts and accessories. It also offers UP, ZHIYUAN, Boundless, and ZHIJIU batteries. The company serves passenger and commercial vehicle, energy storage, ship, low altitude, and robot markets. CALB Group Co., Ltd. was incorporated in 2022 and is headquartered in Changzhou, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CALB Co. Ltd. reported revenue of HK$44.4B in FY2025 versus HK$6.8B in FY2021, a compound +59.8%/yr. Reported net income was HK$1.5B in FY2025, compounding +80.2%/yr from FY2021.
3931 screens 16% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 527 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.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$652.50 | HK$394.19 | -40% |
| Delta Electronics (Thailand) Public Company DELTA | 269.00 THB | 40.28 THB | -85% |
| LG Energy Solution, Ltd 373220 | 365,500 KRW | 201,455 KRW | -45% |
| WEG S.A WEGE3 | 14,900 ARS | 4,338 ARS | -71% |
| Sungrow Power Supply Co 300274 | ¥117.53 | ¥123.83 | +5% |
| HD Hyundai Electric Co 267260 | 782,000 KRW | 371,133 KRW | -53% |
| LS ELECTRIC Co 010120 | 208,500 KRW | 29,594 KRW | -86% |
| Hyosung Heavy Industries Corporation 298040 | 2,892,000 KRW | 1,013,099 KRW | -65% |
| Hitachi Energy India Limited POWERINDIA | ₹35,800 | ₹6,106 | -83% |
| Polycab India Limited POLYCAB | ₹9,289 | ₹3,218 | -65% |
Compare CALB Co. Ltd. with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is CALB Co. Ltd. (3931) overvalued or undervalued?
What is the fair value of 3931?
What is the quality score of 3931?
What is the revenue of CALB Co. Ltd. (3931)?
What is the net profit margin of 3931?
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.
Track CALB Co. Ltd. and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.