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Great Wall Motor Company (601633) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 131B CNY

GW Great Wall Motor Company 601633 · SHG
Price¥15.72
Fair Value¥18.39
Upside+17.0%
Quality50/100
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Healthy Growth
Thin margins · 4.0% net margin
Low debt · generates free cash flow
2.10% dividend yield
Ranks above peers (11/15)
Narrow moat 37/100
Evidence: High Range ¥13.25 – ¥23.53 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from ¥19.80 to ¥18.39 (−7.1%) since Jul 5, 2026. Share price +3.7% over the past month.

A solid business, screening 17% undervalued on our models.

What matters now

  • Our model range runs from ¥13.25 (bear) to ¥23.53 (bull), base ¥18.39. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥67.08 ¥14.71 Fair Value ¥18.39 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥14.71 – ¥67.08 · fair‑value band ¥13.25 – ¥23.53 · the ¥15.72 price screens below the ¥18.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Great Wall Motor Company (601633) currently trades at ¥15.72, while our model-based Fair Value estimate is ¥18.39, implying the stock looks roughly 17.0% undervalued today. We read business quality at 50/100 (solid quality), in the Consumer Cyclical 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: high), always confirm before acting.

Over the trailing twelve months, Great Wall Motor Company generated revenue of 228B CNY at a net margin of 4.0%. Revenue grew 12.7% year over year. It earns a return on equity of 10.6%. Net debt stands at 21.7B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥13.25 (bear case) to ¥23.53 (bull case); at ¥15.72, the current price sits within 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at 17%, 601633 screens richer 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 ¥51.17 ¥103.07 ¥186.76 80
Residual Income ¥9.29 ¥10.78 ¥20.47 76
Rev-Margin DCF ¥26.44 ¥41.26 ¥62.20 74
All 26 models by family
DCF Models
FCF DCF ¥52.76 ¥93.33 ¥198.36 38
Owner Earnings ¥13.34 ¥24.85 ¥47.47 31
5Y Revenue Exit ¥26.44 ¥41.34 ¥61.36 39
5Y EBITDA Exit ¥32.41 ¥54.80 ¥83.86 41
5Y P/E Exit ¥29.37 ¥47.95 ¥70.00 38
10Y Revenue Exit ¥33.91 ¥52.17 ¥79.38 36
10Y EBITDA Exit ¥38.49 ¥62.57 ¥101.39 37
10Y P/E Exit ¥36.40 ¥57.28 ¥88.70 35
Earnings-Based
Graham-Dodd ¥7.92 ¥48.51 ¥67.68 54
Lynch FV ¥13.90 ¥19.86 ¥25.81 50
PEG = 1.0 ¥13.90 ¥19.86 ¥25.81 46
EPV ¥13.67 ¥15.48 ¥17.06 59
Dividend Discount
Gordon GGM ¥4.15 ¥8.64 ¥13.70 70
DDM Multi-Stage ¥4.15 ¥7.28 ¥9.07 61
Multiples
P/E Multiple ¥17.47 ¥23.29 ¥29.11 63
P/S Multiple ¥14.85 ¥19.80 ¥24.75 58
P/B Multiple ¥14.85 ¥19.80 ¥24.75 55
EV/EBIT ¥21.01 ¥27.06 ¥33.12 53
EV/EBITDA ¥24.80 ¥32.13 ¥39.45 54
EV/Revenue ¥15.08 ¥20.33 ¥25.58 43
Asset-Based
NCAV (Graham) ¥5.08 ¥6.80 ¥10.15 50
Growth DCF
Growth DCF ¥51.17 ¥103.07 ¥186.76 80
Rev-Margin DCF ¥26.44 ¥41.26 ¥62.20 74
Economic Profit
Residual Income ¥9.29 ¥10.78 ¥20.47 76
ROIC Compounder ¥15.69 ¥21.69 ¥28.10 72
Growth Earnings
Growth-Adj P/E ¥19.59 ¥27.98 ¥36.38 68

Widest divergence: DCF Models (¥52.17) versus Asset-Based (¥6.80). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 228B CNY
Revenue growth (YoY) +12.7%
Net margin 4.0%
Return on equity 10.6%
Free cash flow 29.1B CNY FY2025
P/E ratio 14.4
More key figures
Operating margin 2.2%
EPS (TTM) ¥1.16
Dividend yield 2.1%
EPS growth (YoY) -47.6%
Net debt 21.7B CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 61 · Market factors (momentum, volatility) 30

Profitability 39
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 90
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

Great Wall Motor Company Limited engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

Full company description

Great Wall Motor Company Limited engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally. The company offers SUVs, sedans, pick-up trucks, multi-purpose vehicles (MPVs), motorcycles, heavy-duty trucks, and energy vehicles primarily under the Haval, TANK, WEY, ORA, GWM Pick-up, GWM SOUO, and GWM brand names. It also provides investment and financing, logistics and goods transportation, buildings rental, after-sales, customer sales, technical development and consulting, technical, and finance leasing services; consulting services on automotive research and development; and operates investment platform. In addition, the company repairs automobiles; transports general goods; researches, develops, and manufactures auto moulds; researches and manufactures motorcycles and related parts; offers technology services, as well as automotive technology research and development, and technical consultancy services; and processes, recycles, and sells waste and used materials. Further, it engages in the wholesale and retail of car accessories; research and test development of engineering technology; trading and brokerage activities; scrap car recycling and dismantling activities; provision of insurance brokerage, technical, and computer system services; and development of network and information security software. The company was formerly known as Baoding Great Wall Motor Company Limited and changed its name to Great Wall Motor Company Limited in May 2003. The company was founded in 1984 and is headquartered in Baoding, China. Great Wall Motor Company Limited operates as a subsidiary of Baoding Innovation Great Wall Asset Management Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Great Wall Motor Company reported revenue of ¥223B in FY2025 versus ¥136B in FY2021, a compound +13.0%/yr. Reported net income was ¥9.9B in FY2025, compounding +10.2%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
223B CNY
Latest YoY
+10.2%
Avg. growth/yr (3Y)
+17.5%
Avg. growth/yr (5Y)
+16.6%
Avg. growth/yr (20Y)
+22.5%
Revenue +13.0%/yr
FY21 ¥136B
FY22 ¥137B
FY23 ¥173B
FY24 ¥202B
FY25 ¥223B
Net income +10.2%/yr
FY21 ¥6.7B
FY22 ¥8.3B
FY23 ¥7.0B
FY24 ¥12.7B
FY25 ¥9.9B

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Cite: Fair Value Calculator (2026). "Great Wall Motor Company Fair Value". https://www.fairvalue-calculator.com/stock/601633

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Auto Manufacturers · 119 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 50 · Above median
Fair Value upside +17% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 2% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth 13% · Above median
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 13.2× · Cheaper than median
P/B 1.51× · Cheaper than median
P/S (TTM) 0.57× · Pricier than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 7.2× · Cheaper than median
PEG 2.98× · Pricier than 75% of peers

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 56 · sector 26
FUTURE 64 · sector 32
PAST 42 · sector 17
HEALTH 97 · sector 94
DIVIDEND 42 · sector 46

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 Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $179.76 $224.63 +25%
BYD Company 81211 HK$80.55 HK$50.85 -37%
Hyundai Motor Company 005380 425,000 KRW 616,918 KRW +45%
General Motors Company GM $77.72 $56.93 -27%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,944 MXN +54%
Ferrari N.V RACE $376.64 $228.05 -39%
Ford Motor Company F C$11.86 C$4.00 -66%
Mercedes-Benz Group BENZ C$20.44 C$35.15 +72%
Volkswagen AG VOW 2,149 CZK 7,191 CZK +235%
Maruti Suzuki India Limited MARUTI ₹13,803 ₹8,236 -40%

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Frequently asked questions

Is Great Wall Motor Company (601633) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥18.39 versus a price of ¥15.72, about +17% (undervalued).
What is the fair value of 601633?
Our model-based fair value for Great Wall Motor Company is ¥18.39 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥15.72.
What is the quality score of 601633?
Great Wall Motor Company has a Quality Score of 50/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Great Wall Motor Company (601633)?
Great Wall Motor Company reported trailing-twelve-month revenue of about 228B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 601633?
The net profit margin of Great Wall Motor Company is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Great Wall Motor Company pay a dividend?
Great Wall Motor Company currently shows a dividend yield of about 2.10% relative to its recent price (as of Jul 12, 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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