Keda Industrial Group (600499) Fair Value & Analysis
Industrials · CN · Market cap 27.3B CNY
Fair value as of: Aug 9, 2026
From 26 valuation models · updated yesterday
Share price −6.9% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (¥9.42 to ¥17.91) 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 9, 2026.
How to read this chart
60‑month range ¥6.55 – ¥24.22 · fair‑value band ¥9.42 – ¥17.91 · the ¥14.26 price screens below the ¥14.33 fair value. Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Keda Industrial Group (600499) currently trades at ¥14.26, while our model-based Fair Value estimate is ¥14.33, implying the stock looks roughly 0.5% fairly valued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Keda Industrial Group generated revenue of 18.3B CNY at a net margin of 8.4%. Revenue grew 25.5% year over year. It earns a return on equity of 16.4%. Net debt stands at 1.8B CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥9.42 (bear case) to ¥17.91 (bull case); at ¥14.26, 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 share trades about 31% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 0%, 600499 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 26 models by family
Widest divergence: Growth Earnings (¥18.48) versus Growth DCF (¥3.45). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 50
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
Keda Industrial Group Co., Ltd. manufactures and sells ceramic machinery and building material in China. The company offers building materials machinery, clean coal gasification equipment, final-stage flue gas treatment equipment, high-end components and other equipment, building ceramics, and lithium-ion battery materials; and ceramic, stone, ACC, …
Full company description
Keda Industrial Group Co., Ltd. manufactures and sells ceramic machinery and building material in China. The company offers building materials machinery, clean coal gasification equipment, final-stage flue gas treatment equipment, high-end components and other equipment, building ceramics, and lithium-ion battery materials; and ceramic, stone, ACC, lithium-ion battery materials, and hydraulic machineries. It is also involved in manufacturing ceramics, stone, and wall materials; research, development, and manufacturing of automation technologies and equipment; sales of mechanical and electrical spare parts, sand wheel grinding tools and materials, and ceramic products; and research, development, manufacturing, and sales of clean energy related mechanical equipment, related automation technologies and equipment, clean gas, and vapor and steam. In addition, the company engages in the provision of information technology, software development and sales, system integration, hardware equipment leasing and sales, and network technology consulting services; disposal of waste water, and solid and hazardous wastes, as well as the production and sales of the derivative products thereof; and import of raw and auxiliary materials, machinery and equipment, instruments and meters, spare parts, and related technologies. Further, it provides presses, kilns, polishing and squaring machines, and intelligent post-kiln complete production lines for tile production; ceramic tiles, glass, and sanitary ware; and hydraulic pump and bent-axis piston motors; as well as integrated solar-plus-storage solutions, such as power trading, integrated solar-storage-charging systems, distribution network operation, and carbon asset trading. The company was formerly known as Keda Clean Energy Co., Ltd. and changed its name to Keda Industrial Group Co., Ltd. in July 2020. Keda Industrial Group Co., Ltd. was founded in 1992 and is headquartered in Foshan, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Keda Industrial Group reported revenue of ¥17.4B in FY2025 versus ¥9.8B in FY2021, a compound +15.4%/yr. Reported net income was ¥1.3B in FY2025, compounding +6.8%/yr from FY2021.
Watch 600499: get an alert when its fair value changes →
Peer Group
Specialty Industrial Machinery · 809 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 Specialty Industrial Machinery 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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
Compare Keda Industrial Group with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Keda Industrial Group (600499) overvalued or undervalued?
What is the fair value of 600499?
What is the quality score of 600499?
What is the revenue of Keda Industrial Group (600499)?
What is the net profit margin of 600499?
Does Keda Industrial Group pay a dividend?
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 Keda Industrial Group 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.