Ming Yang Smart Energy Group (601615) Fair Value & Analysis

Industrials · CN · Market cap 26.2B CNY

Below-average quality, and screening another 34% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥7.71). The favourable scenario is already priced in.
• Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥8.11 – ¥34.61 · fair‑value band ¥5.82 – ¥7.71 · the ¥11.60 price screens above the ¥7.71 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Ming Yang Smart Energy Group (601615) currently trades at ¥11.60, while our model-based Fair Value estimate is ¥7.71, implying the stock looks roughly 33.5% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, Ming Yang Smart Energy Group generated revenue of 39.1B CNY at a net margin of 1.0%. Revenue grew 12.4% year over year. It earns a return on equity of 1.5%. Net debt stands at 6.8B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥5.82 (bear case) to ¥7.71 (bull case); at ¥11.60, the current price sits above 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 57% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -34%, 601615 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.

Widest divergence: Growth Earnings (¥8.71) versus Economic Profit (¥4.20). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Ming Yang Smart Energy Group Limited engages in the research and development, design, manufacture, sale, maintenance, and operation of energy equipment, wind turbines, and core components in China.

Full company description

Ming Yang Smart Energy Group Limited engages in the research and development, design, manufacture, sale, maintenance, and operation of energy equipment, wind turbines, and core components in China. It offers onshore and offshore wind turbines; manufactures fan blades; offshore wind power technology; sells platforms; wind power equipment; wind power project investment; photovoltaic products; energy project development; develops and operates wind power; power generation and electricity sales; technology development and service; engineering design and construction; and software and technical services. The company also offers blades, gearboxes, inverter systems, control systems, booster systems, and flexible DC output systems; and floating offshore wind platforms, and integrated solutions for wind, solar, storage, hydrogen, and gas. Ming Yang Smart Energy Group Limited was founded in 2006 and is based in Zhongshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ming Yang Smart Energy Group reported revenue of ¥38.1B in FY2025 versus ¥27.2B in FY2021, a compound +8.8%/yr. Reported net income was ¥660M in FY2025, compounding −32.4%/yr from FY2021.

601615 screens 34% overvalued. Compare with GE Vernova Inc →

Peer Group

Specialty Industrial Machinery · 809 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.

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

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 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.