Liaoning SG Automotive Group (600303) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 1.9B CNY

Below-average quality, and screening another 66% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥1.46). The favourable scenario is already priced in.
• Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range (¥0.7300 to ¥1.46) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥2.28 – ¥9.49 · fair‑value band ¥0.7300 – ¥1.46 · the ¥2.91 price screens above the ¥0.9800 fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

Liaoning SG Automotive Group (600303) currently trades at ¥2.91, while our model-based Fair Value estimate is ¥0.9800, implying the stock looks roughly 66.3% overvalued today. The Quality Score stands at 41/100 (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: low).

Over the trailing twelve months, Liaoning SG Automotive Group generated revenue of 1.4B CNY at a net margin of -24.4%. Revenue declined 39.6% year over year. It earns a return on equity of -31.2%. Net debt stands at 256M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥0.7300 (bear case) to ¥1.46 (bull case); at ¥2.91, 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 29% below its 52-week high and 1% 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 -66%, 600303 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.

Key figures & financial health

Quality Score breakdown

About the company

Liaoning SG Automotive Group Co., Ltd. manufactures and sells automobiles, and axles and other auto parts in China. It offers pickup vehicles; mini buses; electric buses; special pickup vehicles, including sewer suction pickups, refrigerated pickups, blasting equipment transporter, police pickups, pickup cranes, and pickup wrecker; sanitation vehicles, such …

Full company description

Liaoning SG Automotive Group Co., Ltd. manufactures and sells automobiles, and axles and other auto parts in China. It offers pickup vehicles; mini buses; electric buses; special pickup vehicles, including sewer suction pickups, refrigerated pickups, blasting equipment transporter, police pickups, pickup cranes, and pickup wrecker; sanitation vehicles, such as self-loading garbage trucks, sewer flushing/suction vehicles, snow sweepers, and garbage compression trucks; cargo vehicles, including wingspan trailers, cargo tank containers, fuel transportation trailers, and cargo trailers; and modified vehicles, such as recreational vehicles, vending vans, washing vehicles, and machine shop trucks, as well as types of axles. It also provides cargo warehousing services, import and export of goods and technology, heating services, and inspection and testing services. In addition, the company invests in real estate projects. The company offers its vehicles under the Huanghai brand and axles under the SG brand. The company was founded in 1951 and is headquartered in Dandong, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Liaoning SG Automotive Group reported revenue of ¥1.6B in FY2025 versus ¥2.5B in FY2021, a compound −11.0%/yr. Reported net income was −¥358M in FY2025.

600303 screens 66% overvalued. Compare with Toyota Motor Corporation →

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.

Valuation Multiples vs Auto Manufacturers 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.

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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.