CITIC Heavy Industries Co Ltd (601608) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of CITIC Heavy Industries Co Ltd ¥1.45, price ¥4.60, upside -68.5%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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CITIC Heavy Industries Co Ltd
601608 · SHGStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥3.09 – ¥8.23 · fair‑value band ¥1.05 – ¥1.74 · the ¥4.60 price screens above the ¥1.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
CITIC Heavy Industries Co., Ltd. manufactures and sells heavy machinery in China and internationally. It operates in four segments: Mining and Heavy Equipment, Robotics and Intelligent Equipment, New Energy Equipment, and Special Materials.
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CITIC Heavy Industries Co., Ltd. manufactures and sells heavy machinery in China and internationally. It operates in four segments: Mining and Heavy Equipment, Robotics and Intelligent Equipment, New Energy Equipment, and Special Materials. The company offers jaw crushers, hoist, gyratory and cone crushers, high pressure roller mill, vertical stirred mill, autogenous mill, semi-autogenous mill, ball mill, rod mill, vertical disc filter, anode furnace, and semi-mobile crushing station; rotary kiln, roller press, raw material vertical mill, equipment for new dry-cement production line, and slag grinding system; cantilever tunneling machine, vertical shaft, wind power rock-embedded drilling rig, and hard rock tunnel boring machine; and smelting anode, wide and thick plate rolling mill, steelmaking converter, pellet kiln, and straightening machine. It also provides vertical shaft drilling rig, multi-rope friction ground, electro-hydraulic transmission and control system, and double roll forming machine; steam turbine, dynamo, hydraulic ship lift, and fixed type gate hoist; and spare parts and technical services. In addition, it offers offshore wind power equipment, hydraulic pile hammer, catheter stent, and hydraulic pile driver operation; x-ray inspection system, container vehicle inspection, and series of high-resolution industrial CT; robots for emergency and special operations; and storage and transformation systems. The company exports its products. It serves mining, cement, and other processing industries. The company was formerly known as Luoyang Mining Machinery Factory and changed its name to CITIC Heavy Industries Co., Ltd. in January 1993. CITIC Heavy Industries Co., Ltd. was founded in 1956 and is headquartered in Luoyang, China. CITIC Heavy Industries Co., Ltd. operates as a subsidiary of CITIC Group Corporation.
Stock analysis
CITIC Heavy Industries Co Ltd (601608) currently trades at ¥4.60, while our model-based Fair Value estimate is ¥1.45, implying the stock looks roughly 217.3% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥2.18 per share, and 0 of the 26 models we run sit above the ¥4.60 price.
Bear case: the Dividend Discount group reads lowest at ¥0.3800, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.05 (bear) to ¥1.74 (bull), the price of ¥4.60 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 51/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
CITIC Heavy Industries Co Ltd reported revenue of 8.1B CNY in FY2025 versus 7.6B CNY in FY2021, a compound +1.7%/yr. Reported net income was 375M CNY in FY2025, compounding +13.5%/yr from FY2021.
Key figures
Market cap 21.1B CNY (≈ $3.1B) · P/E ratio 57.5 · P/S ratio 2.67 · EPS (TTM) ¥0.0800 · Dividend yield 0.7% · Net margin 4.6% · Return on equity 3.9% · Return on assets (EBIT) 1.6%.
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 44% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −68%, 601608 screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 34
Revenue & earnings trend
Growth Forecast
601608 screens 217% overvalued. Compare with GE Vernova Inc →
Compare CITIC Heavy Industries Co Ltd 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 · 837 stocks
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- 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 |
|---|---|---|---|
| GE Vernova Inc GEV | $950.28 | $194.25 | −80% |
| SIE SIE | €273.85 | €150.21 | −45% |
| Eaton Corporation ETN | $442.49 | $172.75 | −61% |
| Parker-Hannifin Corporation PH | $964.85 | $418.76 | −57% |
| Cummins Inc CMI | $526.13 | $359.38 | −32% |
| Illinois Tool Works Inc ITW | $270.47 | $151.39 | −44% |
| Emerson Electric Co EMR | $154.19 | $62.15 | −60% |
| AMETEK, Inc AME | $245.41 | $125.80 | −49% |
| Rockwell Automation, Inc ROK | $427.19 | $138.24 | −68% |
| Sandvik AB SAND | kr 385.10 | kr 199.07 | −48% |
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Key figures of CITIC Heavy Industries Co Ltd
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