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Anhui Heli Co (600761) Fair Value & Analysis

Industrials · CN · Market cap 15.3B CNY

AH Anhui Heli Co 600761 · SHG
Price¥17.23
Fair Value¥28.87
Upside+67.6%
Quality54/100
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Healthy Growth
Thin margins · 6.0% net margin
Low debt · generates free cash flow
3.45% dividend yield
Ranks above peers (14/14)
Moderate moat 46/100
Evidence: Medium Range ¥17.24 – ¥36.09 Share as image

Fair value as of: Aug 9, 2026

From 26 valuation models · updated yesterday

Share price +5.4% over the past month.

A solid business, screening 68% undervalued on our models.

What matters now

  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥17.24 to ¥36.09) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥27.85 ¥8.16 Fair Value ¥28.87 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 ¥8.16 – ¥27.85 · fair‑value band ¥17.24 – ¥36.09 · the ¥17.23 price screens below the ¥28.87 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

Anhui Heli Co (600761) currently trades at ¥17.23, while our model-based Fair Value estimate is ¥28.87, implying the stock looks roughly 67.6% undervalued today. The Quality Score stands at 54/100 (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, Anhui Heli Co generated revenue of 20.4B CNY at a net margin of 6.0%. Revenue grew 12.4% year over year. It earns a return on equity of 12.0%. Net debt stands at 875M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥17.24 (bear case) to ¥36.09 (bull case); at ¥17.23, the current price sits below 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 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 68%, 600761 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥13.54 ¥23.05 ¥39.32 80
Residual Income ¥11.11 ¥12.72 ¥21.52 76
Rev-Margin DCF ¥16.30 ¥28.66 ¥44.78 74
All 26 models by family
DCF Models
FCF DCF ¥13.66 ¥24.11 ¥42.53 38
Owner Earnings ¥14.75 ¥26.10 ¥46.11 31
5Y Revenue Exit ¥16.30 ¥29.12 ¥46.83 39
5Y EBITDA Exit ¥19.56 ¥35.89 ¥56.72 41
5Y P/E Exit ¥18.83 ¥34.39 ¥52.44 38
10Y Revenue Exit ¥14.75 ¥26.69 ¥45.56 36
10Y EBITDA Exit ¥17.49 ¥31.68 ¥53.92 37
10Y P/E Exit ¥17.01 ¥30.57 ¥50.30 35
Earnings-Based
Graham-Dodd ¥9.35 ¥44.79 ¥61.66 54
Lynch FV ¥11.94 ¥17.06 ¥22.18 50
PEG = 1.0 ¥11.94 ¥17.06 ¥22.18 46
EPV ¥15.82 ¥18.25 ¥20.39 59
Dividend Discount
Gordon GGM ¥7.12 ¥14.79 ¥23.47 70
DDM Multi-Stage ¥7.12 ¥12.47 ¥15.53 61
Multiples
P/E Multiple ¥21.66 ¥28.87 ¥36.09 63
P/S Multiple ¥17.53 ¥23.37 ¥29.22 58
P/B Multiple ¥17.53 ¥23.37 ¥29.22 55
EV/EBIT ¥24.27 ¥31.96 ¥39.66 53
EV/EBITDA ¥23.99 ¥31.59 ¥39.19 54
EV/Revenue ¥17.67 ¥24.72 ¥31.78 43
Asset-Based
NCAV (Graham) ¥6.08 ¥8.15 ¥12.16 50
Growth DCF
Growth DCF ¥13.54 ¥23.05 ¥39.32 80
Rev-Margin DCF ¥16.30 ¥28.66 ¥44.78 74
Economic Profit
Residual Income ¥11.11 ¥12.72 ¥21.52 76
ROIC Compounder ¥17.40 ¥23.52 ¥32.05 72
Growth Earnings
Growth-Adj P/E ¥18.69 ¥26.70 ¥34.71 68

Widest divergence: DCF Models (¥29.12) versus Asset-Based (¥8.15). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 20.4B CNY
Revenue growth (YoY) +12.4%
Net margin 6.0%
Return on equity 12.0%
Free cash flow 851M CNY FY2025
P/E ratio 12.5
More key figures
Operating margin 9.2%
EPS (TTM) ¥1.36
Dividend yield 3.6%
EPS growth (YoY) -2.6%
Net debt 875M CNY FY2024

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 34

Profitability 49
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 48
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

Anhui Heli Co.,Ltd. engages in the manufacture and sale of industrial vehicles in the People's Republic of China and internationally. It operates through four segments: complete industrial vehicle, spare parts, aftermarket, and intelligent logistics.

Full company description

Anhui Heli Co.,Ltd. engages in the manufacture and sale of industrial vehicles in the People's Republic of China and internationally. It operates through four segments: complete industrial vehicle, spare parts, aftermarket, and intelligent logistics. The company offers electric, lithium battery, internal combustion, and heavy forklifts, as well as electric storage series; explosion proof vehicle series; tractors series; port machinery series; special vehicle series; attachment series; FICS; accessories series, and component series. It also provides spare parts, such as gearboxes, axles, brakes, attachments, hydraulic components, high-end castings, motors, electronic controls, batteries, etc.; and intelligent logistics products, including forklift-type, transfer-type, traction-type and non-standard customized AGV and other products. In addition, the company offers one-stop intelligent logistics business services, including project consulting and planning, solution design, customized development, system integration, after-sales service, and other services. It sells its products under the HELI brand name, as well as exports its products. The company was founded in 1958 and is headquartered in Hefei, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anhui Heli Co reported revenue of ¥19.8B in FY2025 versus ¥15.4B in FY2021, a compound +6.5%/yr. Reported net income was ¥1.2B in FY2025, compounding +17.9%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
19.8B CNY
Latest YoY
+14.4%
Avg. growth/yr (3Y)
+7.9%
Avg. growth/yr (5Y)
+9.1%
Avg. growth/yr (32Y)
+13.1%
Revenue +6.5%/yr
FY21 ¥15.4B
FY22 ¥15.8B
FY23 ¥17.2B
FY24 ¥17.3B
FY25 ¥19.8B
Net income +17.9%/yr
FY21 ¥634M
FY22 ¥907M
FY23 ¥1.3B
FY24 ¥1.3B
FY25 ¥1.2B

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Cite: Fair Value Calculator (2026). "Anhui Heli Co Fair Value". https://www.fairvalue-calculator.com/stock/600761

Peer Group

Farm & Heavy Construction Machinery · 148 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 54 · Above median
Fair Value upside +68% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 3.5% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 12.7× · Cheaper than 75% of peers
P/B 1.42× · Cheaper than median
P/S (TTM) 0.75× · Cheaper than median
P/FCF 2.7× · Cheaper than median
EV/EBITDA 6.9× · Cheaper than median

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 100 · sector 22
FUTURE 62 · sector 30
PAST 48 · sector 32
HEALTH 97 · sector 93
DIVIDEND 69 · sector 40

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is Anhui Heli Co (600761) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥28.87 versus a price of ¥17.23, about +68% (undervalued).
What is the fair value of 600761?
Our model-based fair value for Anhui Heli Co is ¥28.87 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥17.23.
What is the quality score of 600761?
Anhui Heli Co has a Quality Score of 54/100. 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 Anhui Heli Co (600761)?
Anhui Heli Co reported trailing-twelve-month revenue of about 20.4B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600761?
The net profit margin of Anhui Heli Co is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does Anhui Heli Co pay a dividend?
Anhui Heli Co currently shows a dividend yield of about 3.61% 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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