Avic Shenyang Aircraft Co Ltd (600760) fair value: what the stock is really worth
We calculate from audited financials what Avic Shenyang Aircraft Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ¥28.85 – ¥71.83 · fair‑value band ¥19.54 – ¥32.92 · the ¥43.90 price screens above the ¥26.06 fair value. Dashed = 300-day average. As of Sep 18, 2026.
AVIC Shenyang Aircraft Company Limited manufactures and markets aviation products in China. It offers aviation defense equipment, military aircraft, and civil aviation products; and aircraft maintenance services. The company was formerly known as Zhonghangheibao Co.,Ltd.
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AVIC Shenyang Aircraft Company Limited manufactures and markets aviation products in China. It offers aviation defense equipment, military aircraft, and civil aviation products; and aircraft maintenance services. The company was formerly known as Zhonghangheibao Co.,Ltd. AVIC Shenyang Aircraft Company Limited was founded in 1993 and is based in Shenyang, China. AVIC Shenyang Aircraft Company Limited is a subsidiary of Aviation Industry Corporation of China,Ltd.
Stock analysis
Avic Shenyang Aircraft Co Ltd (600760) currently trades at ¥43.90, while our model-based Fair Value estimate is ¥26.06, implying the stock looks roughly 68.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥44.18 per share, and 2 of the 17 models we run sit above the ¥43.90 price.
Bear case: the Asset-Based group reads lowest at ¥5.57, and 15 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥19.54 (bear) to ¥32.92 (bull), the price of ¥43.90 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Avic Shenyang Aircraft Co Ltd reported revenue of 44.7B CNY in FY2025 versus 34.7B CNY in FY2021, a compound +6.5%/yr. Reported net income was 3.5B CNY in FY2025, compounding +19.7%/yr from FY2021.
Key figures
Market cap 124B CNY (≈ $18.6B) · P/E ratio 37.8 · P/S ratio 2.98 · EPS (TTM) ¥1.16 · Dividend yield 0.9% · Net margin 7.9% · Return on equity 14.4% · Return on assets (EBIT) 5.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −41%, 600760 screens richer than that median.
Fair Value models
Bear ¥19.54Fair Value ¥26.06Bull ¥32.92
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.5482 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.3%
Revenue growth 32 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+18.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.0%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18% vs 4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 9%
Compare Avic Shenyang Aircraft Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Aerospace & Defense · 232 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−46% · Above median
Profitability
Return on equity (TTM)14% · Above median
Return on assets3% · Below median
Net margin (TTM)8% · Above median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth−55% · Bottom 25%
Dividend yield (TTM)0.9% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (TTM)37.8× · Cheaper than median
P/B4.84× · Pricier than median
P/S (TTM)2.75× · Pricier than median
EV/EBITDA23.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 46
PAST (return on equity)58· sector 36
HEALTH (low debt)100· sector 93
DIVIDEND (yield)18· sector 17
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Avic Shenyang Aircraft Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600760
Frequently asked questions
Is Avic Shenyang Aircraft Co Ltd (600760) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ¥26.06 versus a price of ¥43.90, about −41% upside (overvalued).
What is the fair value of 600760?
Our model-based fair value for Avic Shenyang Aircraft Co Ltd is ¥26.06 (as of Sep 18, 2026), built from audited fundamentals. The current price: ¥43.90.
What is the quality score of 600760?
Avic Shenyang Aircraft Co Ltd has a Quality Score of 41/100. 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 price target for Avic Shenyang Aircraft Co Ltd (600760)?
Our model-based price target is the fair value of ¥26.06 (as of Sep 18, 2026) from 17 valuation models. Cautious scenario ¥19.54, optimistic scenario ¥32.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Avic Shenyang Aircraft Co Ltd stock forecast for 2026?
Our models put fair value at ¥26.06, about −41% upside versus a price of ¥43.90 (overvalued). Cautious scenario ¥19.54, optimistic scenario ¥32.92. The calculation is refreshed regularly with new filings.
What is the revenue of Avic Shenyang Aircraft Co Ltd (600760)?
Avic Shenyang Aircraft Co Ltd reported trailing-twelve-month revenue of about 41.4B CNY (latest available figure, as of Sep 18, 2026).
Does Avic Shenyang Aircraft Co Ltd pay a dividend?
Avic Shenyang Aircraft Co Ltd currently shows a dividend yield of about 0.92% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of Avic Shenyang Aircraft Co Ltd (600760)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avic Shenyang Aircraft Co Ltd it is ¥26.06 per share (as of Sep 18, 2026), against a price of ¥43.90. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Avic Shenyang Aircraft Co Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 600760 trades above its calculated fair value: price ¥43.90, fair value ¥26.06, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600760?
No. The price is what the market pays today (¥43.90); the fair value is what the company's own numbers justify (¥26.06). For Avic Shenyang Aircraft Co Ltd the two are ¥17.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Avic Shenyang Aircraft Co Ltd worth?
The market values Avic Shenyang Aircraft Co Ltd at about 124B CNY (market capitalisation, as of Sep 18, 2026). Per share that is ¥43.90; our models calculate a fair value of ¥26.06 per share.
What do the bullish and bearish scenarios say about 600760?
Our models span a range for Avic Shenyang Aircraft Co Ltd: cautious scenario ¥19.54, base ¥26.06, optimistic ¥32.92 per share (as of Sep 18, 2026, price ¥43.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600760?
Avic Shenyang Aircraft Co Ltd trades at a price-to-earnings ratio of 37.8 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥26.06 is built from several models across several years. Other multiples: P/B 4.8, P/S 2.8, EV/EBITDA 23.6.
How solid is the balance sheet of Avic Shenyang Aircraft Co Ltd (600760)?
Balance-sheet figures for Avic Shenyang Aircraft Co Ltd (as of Sep 18, 2026): return on equity 14.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 600760 from its 52-week high?
Avic Shenyang Aircraft Co Ltd trades at ¥43.90, about 40% below its 52-week high of ¥73.66 and 9% above the low of ¥40.41 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ¥26.06 is for.
Which stocks are comparable to Avic Shenyang Aircraft Co Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Avic Shenyang Aircraft Co Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price ¥43.90, calculated fair value ¥26.06 (−41%), Quality Score 41/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600760 calculated?
We run Avic Shenyang Aircraft Co Ltd through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥26.06, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Avic Shenyang Aircraft Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Avic Shenyang Aircraft Co Ltd (600760)?
The closing price on Sep 18, 2026 was ¥43.90. Our model-based fair value is ¥26.06, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avic Shenyang Aircraft Co Ltd right now?
The price sits above even our optimistic bull case (¥32.92). 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.
Key figures of Avic Shenyang Aircraft Co Ltd
How large is the market capitalisation of Avic Shenyang Aircraft Co Ltd (600760)?
The market capitalisation of Avic Shenyang Aircraft Co Ltd is 124B CNY (≈ $18.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Avic Shenyang Aircraft Co Ltd (600760)?
The price-to-sales ratio of Avic Shenyang Aircraft Co Ltd is 2.98 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Avic Shenyang Aircraft Co Ltd (600760)?
Earnings per share at Avic Shenyang Aircraft Co Ltd are ¥1.16 (price ÷ EPS = P/E 37.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Avic Shenyang Aircraft Co Ltd (600760)?
The dividend yield of Avic Shenyang Aircraft Co Ltd is 0.9% (payout 34.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Avic Shenyang Aircraft Co Ltd (600760)?
The net margin of Avic Shenyang Aircraft Co Ltd is 7.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Avic Shenyang Aircraft Co Ltd (600760)?
The return on equity (ROE) of Avic Shenyang Aircraft Co Ltd is 14.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Avic Shenyang Aircraft Co Ltd (600760)?
On an EBIT basis the return on assets of Avic Shenyang Aircraft Co Ltd is 5.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Avic Shenyang Aircraft Co Ltd (600760)?
The operating margin of Avic Shenyang Aircraft Co Ltd is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Avic Shenyang Aircraft Co Ltd (600760)?
Revenue at Avic Shenyang Aircraft Co Ltd is growing −55.2% versus a year earlier (3y avg +2.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Avic Shenyang Aircraft Co Ltd (600760)?
Earnings per share at Avic Shenyang Aircraft Co Ltd are growing −62.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Avic Shenyang Aircraft Co Ltd (600760) generate?
The free cash flow of Avic Shenyang Aircraft Co Ltd is −6.2B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Avic Shenyang Aircraft Co Ltd (600760) hold?
Avic Shenyang Aircraft Co Ltd holds more cash than debt, 9.9B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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