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Liaoning Shidai Wanheng Co (600241) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.1B CNY

LS Liaoning Shidai Wanheng Co 600241 · SHG
Price¥7.26
Fair Value¥2.20
Upside-69.7%
Quality53/100
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Weak Growth
Loss-making · -37.6% net margin
Low debt · generates free cash flow
Trails peers (3/11)
Narrow moat 9/100
Evidence: Medium Range ¥2.07 – ¥2.32 Share as image

Fair value as of: Aug 7, 2026

From 12 valuation models · updated 3 days ago

Share price +10.0% over the past month.

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.32). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (¥2.07 to ¥2.32), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥11.56 ¥2.88 Fair Value ¥2.20 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range ¥2.88 – ¥11.56 · fair‑value band ¥2.07 – ¥2.32 · the ¥7.26 price screens above the ¥2.20 fair value. Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Liaoning Shidai Wanheng Co (600241) currently trades at ¥7.26, while our model-based Fair Value estimate is ¥2.20, implying the stock looks roughly 69.7% overvalued today. The Quality Score stands at 53/100 (solid 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, Liaoning Shidai Wanheng Co generated revenue of 392M CNY at a net margin of -37.6%. Revenue grew 10.4% year over year. It earns a return on equity of -7.1%. The balance sheet holds a net cash position of 499M CNY. Fundamentals as of Aug 7, 2026

Our scenario range runs from ¥2.07 (bear case) to ¥2.32 (bull case); at ¥7.26, 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 38% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at -70%, 600241 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
Growth DCF ¥4.07 ¥4.77 ¥5.95 80
Rev-Margin DCF ¥3.38 ¥3.92 ¥4.60 74
Gordon GGM ¥0.0700 ¥0.0800 ¥0.0900 70
All 12 models by family
DCF Models
FCF DCF ¥3.98 ¥4.72 ¥6.03 38
5Y Revenue Exit ¥3.38 ¥3.87 ¥4.59 39
5Y EBITDA Exit ¥2.97 ¥3.16 ¥3.42 41
10Y Revenue Exit ¥3.58 ¥3.97 ¥4.36 36
10Y EBITDA Exit ¥3.37 ¥3.54 ¥3.70 37
Dividend Discount
Gordon GGM ¥0.0700 ¥0.0800 ¥0.0900 70
DDM Multi-Stage ¥0.0700 ¥0.0900 ¥0.1100 61
Multiples
EV/EBITDA ¥2.35 ¥2.47 ¥2.60 54
EV/Revenue ¥3.07 ¥3.54 ¥4.00 43
Asset-Based
NCAV (Graham) ¥1.76 ¥2.36 ¥3.52 50
Growth DCF
Growth DCF ¥4.07 ¥4.77 ¥5.95 80
Rev-Margin DCF ¥3.38 ¥3.92 ¥4.60 74

Widest divergence: Growth DCF (¥3.92) versus Dividend Discount (¥0.0800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 392M CNY
Revenue growth (YoY) +10.4%
Net margin -37.6%
Return on equity -7.1%
Free cash flow 63.8M CNY FY2025
Operating margin -13.2%
More key figures
EPS (TTM) ¥-0.5000
EPS growth (YoY) -96.7%
Net cash 499M CNY FY2024

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 58 · Market factors (momentum, volatility) 36

Profitability 6
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 54
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

Liaoning Shidai Wanheng Co.,Ltd., together with its subsidiaries, is involved in the research, development, production, and sale of energy batteries. It offers lithium-ion batteries used in electric tools; and nickel-metal hydride batteries used in personal care, consumer goods, electric tools, and other fields.

Full company description

Liaoning Shidai Wanheng Co.,Ltd., together with its subsidiaries, is involved in the research, development, production, and sale of energy batteries. It offers lithium-ion batteries used in electric tools; and nickel-metal hydride batteries used in personal care, consumer goods, electric tools, and other fields. The company is also involved in property leasing business; investment and operation of high-tech industrial projects, such as new energy batteries and new energy battery materials; office rental and storage business projects; and investment and investment project management. Liaoning Shidai Wanheng Co.,Ltd. was formerly known as Liaoning Clothing Import and Export Company. The company was founded in 1955 and is based in Dalian, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Liaoning Shidai Wanheng Co reported revenue of ¥383M in FY2025 versus ¥781M in FY2021, a compound −16.3%/yr. Reported net income was −¥132M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
383M CNY
Latest YoY
−4.4%
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.
−25.7%
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.
−5.8%
Avg. growth/yr (28Y) 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.
−3.5%
Revenue −16.3%/yr
FY21 ¥781M
FY22 ¥936M
FY23 ¥654M
FY24 ¥401M
FY25 ¥383M
Net income
FY21 −¥13.4M
FY22 ¥51.2M
FY23 ¥60.6M
FY24 ¥19.4M
FY25 −¥132M

600241 screens 70% overvalued. Compare with H & M Hennes & Mauritz AB →

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Cite: Fair Value Calculator (2026). "Liaoning Shidai Wanheng Co Fair Value". https://www.fairvalue-calculator.com/stock/600241

Peer Group

Apparel Manufacturing · 212 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 53 · Below median
Fair Value upside −70% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -38% · Bottom 25%
Operating margin (TTM) -13% · Bottom 25%
Revenue growth 10% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/B 0.30× · Cheaper than 75% of peers
P/S (TTM) 0.80× · Pricier than median
P/FCF 4.9× · 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 32
FUTURE 52 · sector 4
PAST 0 · sector 21
HEALTH 99 · sector 98
DIVIDEND 0 · sector 49

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Liaoning Shidai Wanheng Co (600241) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of ¥2.20 versus a price of ¥7.26, about −70% (overvalued).
What is the fair value of 600241?
Our model-based fair value for Liaoning Shidai Wanheng Co is ¥2.20 (as of Aug 7, 2026), built from audited fundamentals. The current price is ¥7.26.
What is the quality score of 600241?
Liaoning Shidai Wanheng Co has a Quality Score of 53/100. 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 Liaoning Shidai Wanheng Co (600241)?
Liaoning Shidai Wanheng Co reported trailing-twelve-month revenue of about 392M CNY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of 600241?
The net profit margin of Liaoning Shidai Wanheng Co is about -37.6%, meaning it is currently running at a net loss. 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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