Shanghai Mechanical & Electrical Industry Co Ltd A (600835) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shanghai Mechanical & Electrical Industry Co Ltd A stock ¥26.23, price ¥17.56, upside +49.4%, quality 60 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Shanghai Mechanical & Electrical Industry Co Ltd A
600835 · SHGThe stock costs 33% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ¥10.25 – ¥33.00 · fair‑value band ¥21.96 – ¥29.65 · the ¥17.56 price screens below the ¥26.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Shanghai Mechanical & Electrical Industry Co.,Ltd., together with its subsidiaries, designs and manufactures mechatronic products and equipment in China and internationally.
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It operates in four segments: Elevator Business, Printing and Packaging Machinery Business, Hydraulic Machinery Business, and Energy Engineering Business.
The company offers elevators and escalators; printing and packaging machinery and equipment and spare parts, and printing and packaging machinery raw and auxiliary materials and instruments; and hydraulic pumps, hydraulic valves, hydraulic equipment sets, and pressure reducers.
It also provides welding wires and electrodes, surfacing and cast iron welding electrodes, brazing materials, thermal spraying powders, and fluxes and alloy materials; construction machinery, pile drivers, mechanical construction drilling rigs, hydrological well drilling rigs, geological exploration equipment, and mining machinery; electric actuators for automotive seat adjusters and window regulators, cooling fan assemblies, and blowers; and air conditioners and fuel-fired heaters.
In addition, the company is involved in technology research, development, and system integration for building energy conservation; sale of self-produced products; provision of related after-sales services; repair and maintenance; construction and installation; and project investment.
It exports its products. The company was formerly known as Shanghai Shangling Electric Co., Ltd. and changed its name to Shanghai Mechanical & Electrical Industry Co.,Ltd. in January 2003. Shanghai Mechanical & Electrical Industry Co.,Ltd. was founded in 1993 and is based in Shanghai, China.
Stock analysis
Shanghai Mechanical & Electrical Industry Co Ltd A (600835) currently trades at ¥17.56, while our model-based Fair Value estimate is ¥26.23, implying the stock looks roughly 33% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥18.73 per share, and 8 of the 26 models we run sit above the ¥17.56 price.
Bear case: the Dividend Discount group reads lowest at ¥4.84, and 18 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥21.96 (bear) to ¥29.65 (bull), the price of ¥17.56 sits below 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 60/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 1999: revenue and profit before it include the divested business. Growth is measured afresh from 1999.
Shanghai Mechanical & Electrical Industry Co Ltd A reported revenue of 19.2B CNY in FY2025 versus 24.7B CNY in FY2021, a compound −6.1%/yr. Reported net income was 792M CNY in FY2025, compounding −0.6%/yr from FY2021.
Key figures
Market cap 18.0B CNY (≈ $2.7B) Mid · P/E ratio 26.8 · P/S ratio 1.40 · EPS (TTM) ¥0.6800 · Dividend yield 0.9% · Net margin 3.6% · Return on equity 6.6% · Return on assets (EBIT) 3.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 47% 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 −46% fair-value upside, at 49%, 600835 screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Compare Shanghai Mechanical & Electrical Industry Co Ltd A with another stock
Price, fair value, quality and upside side by side.
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.Specialty Industrial Machinery · 814 stocks
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Cummins Inc CMI | $450.07 | $359.36 | −20% | vs 600835 |
| SIE SIE | €263.65 | €149.56 | −43% | vs 600835 |
| AMETEK, Inc AME | $228.67 | $125.74 | −45% | vs 600835 |
| Illinois Tool Works Inc ITW | $280.95 | $154.30 | −45% | vs 600835 |
| Sandvik AB SAND | kr 357.40 | kr 194.33 | −46% | vs 600835 |
| Parker-Hannifin Corporation PH | $917.79 | $492.92 | −46% | vs 600835 |
| Emerson Electric Co EMR | $162.35 | $79.99 | −51% | vs 600835 |
| Eaton Corporation ETN | $341.72 | $156.90 | −54% | vs 600835 |
| Rockwell Automation, Inc ROK | $375.86 | $139.31 | −63% | vs 600835 |
| GE Vernova Inc GEV | $774.11 | $143.50 | −81% | vs 600835 |
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Frequently asked questions
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Key figures of Shanghai Mechanical & Electrical Industry Co Ltd A
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