Asian Star Anchor Chain Co (601890) Fair Value & Analysis
Industrials · CN · Market cap 8.1B CNY
Fair value as of: Aug 10, 2026
From 25 valuation models · updated today
Fair value updated Aug 10, 2026, revised from ¥4.98 to ¥4.79 (−3.8%) since Jul 11, 2026. Share price +4.6% over the past month.
A solid business, but screening 44% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥6.56). The favourable scenario is already priced in.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥3.42 to ¥6.56) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.
How to read this chart
60‑month range ¥5.00 – ¥13.69 · fair‑value band ¥3.42 – ¥6.56 · the ¥8.48 price screens above the ¥4.79 fair value. Dashed = 300-day average. As of Aug 10, 2026.
Analysis
Asian Star Anchor Chain Co (601890) currently trades at ¥8.48, while our model-based Fair Value estimate is ¥4.79, implying the stock looks roughly 43.5% overvalued today. The Quality Score stands at 60/100 (solid 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: high).
Over the trailing twelve months, Asian Star Anchor Chain Co generated revenue of 2.1B CNY at a net margin of 17.0%. Revenue declined 7.0% year over year. It earns a return on equity of 9.1%. The balance sheet holds a net cash position of 1.2B CNY. Fundamentals as of Aug 10, 2026
Our scenario range runs from ¥3.42 (bear case) to ¥6.56 (bull case); at ¥8.48, 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 41% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -44%, 601890 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.
All 25 models by family
Widest divergence: Growth Earnings (¥5.80) versus Dividend Discount (¥2.13). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 31
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
Asian Star Anchor Chain Co., Ltd. Jiangsu, together with its subsidiaries, engages in the manufacture and sale of anchor chains, marine mooring chains, and related accessories worldwide.
Full company description
Asian Star Anchor Chain Co., Ltd. Jiangsu, together with its subsidiaries, engages in the manufacture and sale of anchor chains, marine mooring chains, and related accessories worldwide. It offers marine anchor chains and offshore mooring chains, including stud and studless links; mining chains; forgings, such as shackles, adaptors, swivels, and oblong plates; and castings. Its products are used for renewable energy, offshore oil and gas exploration, marine ranching, and shipping. The company also exports its products. Asian Star Anchor Chain Co., Ltd. Jiangsu was founded in 1981 and is based in Jingjiang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Asian Star Anchor Chain Co reported revenue of ¥2.1B in FY2025 versus ¥1.3B in FY2021, a compound +12.3%/yr. Reported net income was ¥317M in FY2025, compounding +27.2%/yr from FY2021.
601890 screens 44% overvalued. Compare with General Electric Company →
Peer Group
Aerospace & Defense · 226 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 Aerospace & Defense 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.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $381.22 | $116.71 | -69% |
| RTX Corporation RTX | $195.93 | $88.37 | -55% |
| Airbus SE 1AIR | €213.25 | €86.20 | -60% |
| The Boeing Company BA | $217.11 | $48.20 | -78% |
| China CSSC Holdings 600150 | ¥34.31 | ¥21.90 | -36% |
| HD Hyundai Heavy Industries Co 329180 | 466,000 KRW | 272,966 KRW | -41% |
| Hanwha Aerospace Co 012450 | 967,000 KRW | 573,468 KRW | -41% |
| ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS | 337.50 TRY | 130.70 TRY | -61% |
| Saab AB SAABB | kr 520.40 | kr 212.84 | -59% |
| Kongsberg Gruppen ASA KOG | kr 277.50 | kr 106.93 | -61% |
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Frequently asked questions
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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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