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Shanghai Feilo Acoustics Co (600651) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 15.4B CNY

SF Shanghai Feilo Acoustics Co 600651 · SHG
Price¥5.40
Fair Value¥2.71
Upside-49.8%
Quality55/100
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Evidence: High Range ¥2.10 – ¥3.38

Fair value as of: Jul 11, 2026

From 23 valuation models · updated today

Fair value updated Jul 11, 2026 — revised from ¥0.4600 to ¥2.71 (+489.1%) since Jun 24, 2026. Share price −6.8% over the past month.

Price vs Fair Value (12 months)

¥9.37 ¥3.98 Fair Value ¥2.71 Jun 2025 Jul 2026

12‑month range ¥3.98 – ¥9.37 · fair‑value band ¥2.10 – ¥3.38 · the ¥5.40 price screens above the ¥2.71 fair value. As of Jul 11, 2026.

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Analysis

Shanghai Feilo Acoustics Co (600651) currently trades at ¥5.40, while our model-based Fair Value estimate is ¥2.71 — implying the stock looks roughly 49.8% overvalued today. We read business quality at 55/100 (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: high).

Over the trailing twelve months, Shanghai Feilo Acoustics Co generated revenue of 1.7B CNY at a net margin of 3.5%. Revenue declined 20.9% year over year. It earns a return on equity of 2.5%. The balance sheet holds a net cash position of 240M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥2.10 (bear case) to ¥3.38 (bull case); at ¥5.40, the current price sits above that range. The share trades about 47% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 65% fair-value upside — at -50%, 600651 screens richer than that median.

Key figures & financial health

Revenue (TTM) 1.7B CNY
Revenue growth (YoY) -20.9%
Net margin 3.5%
Return on equity 2.5%
Free cash flow 59.6M CNY FY2025
P/E ratio 308.0
More key figures
Operating margin -3.1%
EPS (TTM) ¥0.0200
EPS growth (YoY) +400%
Net cash 240M CNY FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 11, 2026. TTM = trailing twelve months.

About the company

Shanghai Feilo Acoustics Co.,Ltd operates in lighting, automotive electronics, and module packaging and chip testing service businesses in China and internationally. The company offers automotive electronic products; module packaging and chip testing services for chip designers, chip manufacturers, and system integrators; precision manufacturing services; and inspection and testing services; and smart water management services, such as research and development on instrumentation and automation engineering and intelligent software and hardware products. It is also involved in the instrumentation manufacturing; automotive wiring harnesses and automotive lighting manufacturing; integrated circuit manufacturing; lighting fixtures and medical device manufacturing; and manufacturing of electronic remote controls and accessories for motorcycle and automobile instrument panels. Shanghai Feilo Acoustics Co.,Ltd was founded in 1984 and is based in Shanghai, China.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Feilo Acoustics Co reported revenue of ¥1.8B in FY2025 versus ¥4.6B in FY2021, a compound −20.6%/yr. Reported net income was ¥55.0M in FY2025.

Revenue −20.6%/yr
FY21 ¥4.6B
FY22 ¥3.3B
FY23 ¥2.0B
FY24 ¥2.0B
FY25 ¥1.8B
Net income
FY21 −¥453M
FY22 ¥312M
FY23 ¥37.9M
FY24 ¥39.5M
FY25 ¥55.0M

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Cite: Fair Value Calculator (2026). "Shanghai Feilo Acoustics Co Fair Value". https://www.fairvalue-calculator.com/stock/600651

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Frequently asked questions

Is Shanghai Feilo Acoustics Co (600651) undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥2.71 versus a price of ¥5.40 — about −50% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 600651?
Our model-based fair value for Shanghai Feilo Acoustics Co is ¥2.71 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥5.40.
What is the quality score of 600651?
Shanghai Feilo Acoustics Co has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Shanghai Feilo Acoustics Co (600651)?
Shanghai Feilo Acoustics Co reported trailing-twelve-month revenue of about 1.7B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 600651?
The net profit margin of Shanghai Feilo Acoustics Co is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.