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Ningbo Yunsheng Co (600366) Fair Value & Analysis

Industrials · CN · Market cap 13.5B CNY

NY Ningbo Yunsheng Co 600366 · SHG
Price¥12.25
Fair Value¥6.02
Upside-50.9%
Quality61/100
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Healthy Growth
Thin margins · 7.0% net margin
Low debt · generates free cash flow
0.84% dividend yield
Trails peers (4/14)
Narrow moat 41/100
Evidence: High Range ¥4.32 – ¥7.53 Share as image

Fair value as of: Aug 9, 2026

From 24 valuation models · updated yesterday

Share price −21.5% over the past month.

A solid business, but screening 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.53). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥17.69 ¥4.75 Fair Value ¥6.02 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥4.75 – ¥17.69 · fair‑value band ¥4.32 – ¥7.53 · the ¥12.25 price screens above the ¥6.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Ningbo Yunsheng Co (600366) currently trades at ¥12.25, while our model-based Fair Value estimate is ¥6.02, implying the stock looks roughly 50.9% overvalued today. The Quality Score stands at 61/100 (solid 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: high).

Over the trailing twelve months, Ningbo Yunsheng Co generated revenue of 5.8B CNY at a net margin of 7.0%. Revenue grew 33.5% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of 509M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥4.32 (bear case) to ¥7.53 (bull case); at ¥12.25, 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 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -51%, 600366 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
Growth DCF ¥3.26 ¥5.46 ¥9.14 80
Residual Income ¥4.38 ¥4.45 ¥4.34 76
Rev-Margin DCF ¥3.21 ¥5.40 ¥8.19 74
All 24 models by family
DCF Models
FCF DCF ¥3.27 ¥5.64 ¥9.68 38
Owner Earnings ¥4.85 ¥8.44 ¥14.57 31
5Y Revenue Exit ¥3.21 ¥5.46 ¥8.49 39
5Y EBITDA Exit ¥4.06 ¥7.19 ¥11.10 41
5Y P/E Exit ¥4.00 ¥7.08 ¥10.57 38
10Y Revenue Exit ¥3.10 ¥5.24 ¥8.46 36
10Y EBITDA Exit ¥3.76 ¥6.50 ¥10.62 37
10Y P/E Exit ¥3.73 ¥6.42 ¥10.18 35
Earnings-Based
Graham-Dodd ¥2.05 ¥9.07 ¥12.41 54
Lynch FV ¥2.35 ¥3.36 ¥4.36 50
PEG = 1.0 ¥2.35 ¥3.36 ¥4.36 46
EPV ¥3.05 ¥3.52 ¥3.94 59
Multiples
P/E Multiple ¥4.52 ¥6.02 ¥7.53 63
P/S Multiple ¥3.84 ¥5.12 ¥6.40 58
P/B Multiple ¥3.84 ¥5.12 ¥6.40 55
EV/EBIT ¥4.68 ¥6.17 ¥7.66 53
EV/EBITDA ¥4.82 ¥6.35 ¥7.88 54
EV/Revenue ¥3.23 ¥4.52 ¥5.81 43
Asset-Based
NCAV (Graham) ¥2.83 ¥3.79 ¥5.66 50
Growth DCF
Growth DCF ¥3.26 ¥5.46 ¥9.14 80
Rev-Margin DCF ¥3.21 ¥5.40 ¥8.19 74
Economic Profit
Residual Income ¥4.38 ¥4.45 ¥4.34 76
ROIC Compounder ¥3.05 ¥3.52 ¥3.94 72
Growth Earnings
Growth-Adj P/E ¥3.75 ¥5.36 ¥6.97 68

Widest divergence: DCF Models (¥6.42) versus Earnings-Based (¥3.36). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.8B CNY
Revenue growth (YoY) +33.5%
Net margin 7.0%
Return on equity 6.7%
Free cash flow 265M CNY FY2025
P/E ratio 34.4
More key figures
Operating margin 11.1%
EPS (TTM) ¥0.3800
Dividend yield 0.8%
EPS growth (YoY) +213%
Net cash 509M CNY FY2024

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 37

Profitability 29
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 60
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

Ningbo Yunsheng Co., Ltd. engages in the research and development, manufacture, and sale of rare earth permanent magnet materials in China and internationally.

Full company description

Ningbo Yunsheng Co., Ltd. engages in the research and development, manufacture, and sale of rare earth permanent magnet materials in China and internationally. The company provides sintered and bonded NdFeB magnets; and magnetic assemblies, including segmented magnetic tiles, spliced magnetic rings, 3C magnet assemblies, rotor magnet assemblies, and linear motor magnet assemblies. It also engages in the research and development, production, and sales of coating technology; industrial investment; technology development services; manufacturing and sales of wind turbines; research and development of new material equipment technology; manufacture and sales of various optical fibers, optical cable connectors, ceramic components, ferrules, and adapters; research and development, production, and sales of electromechanical products; and energy technology research and development services. Its products are used in new energy vehicles, electric aircraft, electric vessels, home appliances, consumer electronics, medical, industrial motors, wind power generation, and robots. The company exports its products to Europe, the United States, and Southeast Asian countries. Ningbo Yunsheng Co., Ltd. was founded in 1994 and is headquartered in Ningbo, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ningbo Yunsheng Co reported revenue of ¥5.5B in FY2025 versus ¥3.8B in FY2021, a compound +9.8%/yr. Reported net income was ¥331M in FY2025, compounding −10.6%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
5.5B CNY
Latest YoY
+8.4%
Avg. growth/yr (3Y)
−5.2%
Avg. growth/yr (5Y)
+17.9%
Avg. growth/yr (28Y)
+12.8%
Revenue +9.8%/yr
FY21 ¥3.8B
FY22 ¥6.4B
FY23 ¥5.4B
FY24 ¥5.0B
FY25 ¥5.5B
Net income −10.6%/yr
FY21 ¥518M
FY22 ¥356M
FY23 −¥227M
FY24 ¥95.1M
FY25 ¥331M

600366 screens 51% overvalued. Compare with Techtronic Industries Company →

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Cite: Fair Value Calculator (2026). "Ningbo Yunsheng Co Fair Value". https://www.fairvalue-calculator.com/stock/600366

Peer Group

Tools & Accessories · 120 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 61 · Above median
Fair Value upside −51% · Below median
Return on equity (TTM) 7% · Below median
Return on assets 3% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 34% · Top 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 32.2× · Pricier than median
P/B 2.17× · Pricier than median
P/S (TTM) 2.31× · Pricier than median
P/FCF 7.5× · Pricier than median
EV/EBITDA 23.4× · 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 3
FUTURE 100 · sector 14
PAST 27 · sector 28
HEALTH 94 · sector 96
DIVIDEND 17 · sector 36

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$129.60 HK$81.05 -37%
Snap-on Incorporated SNA $410.99 $350.46 -15%
RBC Bearings Incorporated RBC $595.49 $184.29 -69%
Lincoln Electric Holdings LECO $252.58 $154.80 -39%
Stanley Black & Decker, Inc SWK $88.22 $54.24 -39%
AB SKF (publ) SKFB kr 258.90 kr 192.57 -26%
The Timken Company TKR $139.47 $66.33 -52%
The Toro Company TTC $94.42 $69.71 -26%
SFS Group SFSN CHF 140.00 CHF 118.30 -16%
Hangzhou Greatstar Industrial Co 002444 ¥29.33 ¥35.72 +22%

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Frequently asked questions

Is Ningbo Yunsheng Co (600366) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥6.02 versus a price of ¥12.25, about −51% (overvalued).
What is the fair value of 600366?
Our model-based fair value for Ningbo Yunsheng Co is ¥6.02 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥12.25.
What is the quality score of 600366?
Ningbo Yunsheng Co has a Quality Score of 61/100. 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 Ningbo Yunsheng Co (600366)?
Ningbo Yunsheng Co reported trailing-twelve-month revenue of about 5.8B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600366?
The net profit margin of Ningbo Yunsheng Co is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does Ningbo Yunsheng Co pay a dividend?
Ningbo Yunsheng Co currently shows a dividend yield of about 0.75% relative to its recent price (as of Aug 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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