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Wuxi New Hongtai Electrical Technology Co (603016) Fair Value & Analysis

Technology · CN · Market cap 4.3B CNY

WN Wuxi New Hongtai Electrical Technology Co 603016 · SHG
Price¥28.95
Fair Value¥8.60
Upside-70.3%
Quality68/100
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Mixed Growth
Thin margins · 9.1% net margin
generates free cash flow
11.67% dividend yield
Mixed vs. peers (6/13)
Narrow moat 39/100
Evidence: High Range ¥6.45 – ¥10.75 Share as image

Fair value as of: Aug 10, 2026

From 25 valuation models · updated today

Share price −4.1% over the past month.

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥10.75). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥59.88 ¥13.55 Fair Value ¥8.60 Mar 2021 Aug 2026

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 ¥13.55 – ¥59.88 · fair‑value band ¥6.45 – ¥10.75 · the ¥28.95 price screens above the ¥8.60 fair value. Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Wuxi New Hongtai Electrical Technology Co (603016) currently trades at ¥28.95, while our model-based Fair Value estimate is ¥8.60, implying the stock looks roughly 70.3% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Technology 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, Wuxi New Hongtai Electrical Technology Co generated revenue of 603M CNY at a net margin of 9.1%. Revenue declined 4.7% year over year. It earns a return on equity of 6.6%. The balance sheet holds a net cash position of 255M CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥6.45 (bear case) to ¥10.75 (bull case); at ¥28.95, 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 53% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -70%, 603016 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥4.65 ¥4.95 ¥5.33 76
Growth DCF ¥8.13 ¥9.88 ¥12.18 72
Gordon GGM ¥4.16 ¥7.05 ¥10.42 70
All 25 models by family
DCF Models
FCF DCF ¥8.01 ¥9.92 ¥12.53 38
Owner Earnings ¥8.46 ¥10.55 ¥13.42 31
5Y Revenue Exit ¥7.58 ¥9.61 ¥12.10 39
5Y EBITDA Exit ¥8.31 ¥10.90 ¥13.80 41
5Y P/E Exit ¥8.70 ¥11.60 ¥14.49 38
10Y Revenue Exit ¥7.59 ¥9.41 ¥11.64 36
10Y EBITDA Exit ¥8.15 ¥10.26 ¥12.85 37
10Y P/E Exit ¥8.39 ¥10.72 ¥13.34 35
Earnings-Based
Graham-Dodd ¥2.92 ¥6.94 ¥8.95 54
PEG = 1.0 ¥1.21 ¥1.72 ¥2.24 46
EPV ¥6.93 ¥7.48 ¥7.95 59
Dividend Discount
Gordon GGM ¥4.16 ¥7.05 ¥10.42 70
DDM Multi-Stage ¥4.16 ¥6.09 ¥8.12 61
Multiples
P/E Multiple ¥6.45 ¥8.60 ¥10.75 63
P/S Multiple ¥5.48 ¥7.31 ¥9.13 58
P/B Multiple ¥5.48 ¥7.31 ¥9.13 55
EV/EBIT ¥9.57 ¥11.60 ¥13.64 53
EV/EBITDA ¥9.20 ¥11.11 ¥13.02 54
EV/Revenue ¥7.58 ¥9.34 ¥11.10 43
Asset-Based
NCAV (Graham) ¥2.84 ¥3.80 ¥5.67 50
Growth DCF
Growth DCF ¥8.13 ¥9.88 ¥12.18 72
Rev-Margin DCF ¥7.58 ¥9.67 ¥11.91 67
Economic Profit
Residual Income ¥4.65 ¥4.95 ¥5.33 76
ROIC Compounder ¥7.06 ¥7.85 ¥8.70 67
Growth Earnings
Growth-Adj P/E ¥4.91 ¥7.02 ¥9.12 68

Widest divergence: DCF Models (¥10.26) versus Asset-Based (¥3.80). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 603M CNY
Revenue growth (YoY) -4.7%
Net margin 9.1%
Return on equity 6.6%
Free cash flow 66.3M CNY FY2025
P/E ratio 78.2
More key figures
Operating margin 7.4%
EPS (TTM) ¥0.3700
Dividend yield 11.7%
EPS growth (YoY) +300%
Net cash 255M CNY FY2024

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 35

Profitability 41
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 79
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

Wuxi New Hongtai Electrical Technology Co.,Ltd engages in the research, development, production, and sale of components of circuit breakers, low-voltage circuit breakers, and knife-melt switches in China.

Full company description

Wuxi New Hongtai Electrical Technology Co.,Ltd engages in the research, development, production, and sale of components of circuit breakers, low-voltage circuit breakers, and knife-melt switches in China. It offers BMC/SMC molded insulation products for circuit breakers, motors and electric motors, low-voltage circuit breakers, and knife-fused switches; and molding articles and materials. Wuxi New Hongtai Electrical Technology Co.,Ltd was founded in 2008 and is based in Wuxi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wuxi New Hongtai Electrical Technology Co reported revenue of ¥610M in FY2025 versus ¥555M in FY2021, a compound +2.4%/yr. Reported net income was ¥63.7M in FY2025, compounding +4.7%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
610M CNY
Latest YoY
−3.7%
Avg. growth/yr (3Y)
−0.3%
Avg. growth/yr (5Y)
+6.5%
Avg. growth/yr (14Y)
+4.3%
Revenue +2.4%/yr
FY21 ¥555M
FY22 ¥615M
FY23 ¥632M
FY24 ¥633M
FY25 ¥610M
Net income +4.7%/yr
FY21 ¥53.0M
FY22 ¥67.1M
FY23 ¥68.7M
FY24 ¥70.6M
FY25 ¥63.7M

603016 screens 70% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Wuxi New Hongtai Electrical Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603016

Peer Group

Electronic Components · 626 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 68 · Top 25%
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 11.7% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 78.2× · Pricier than 75% of peers
P/B 5.10× · Pricier than 75% of peers
P/S (TTM) 7.11× · Pricier than 75% of peers
P/FCF 9.6× · Pricier than median
EV/EBITDA 49.3× · 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 0 · sector 0
FUTURE 0 · sector 32
PAST 26 · sector 24
HEALTH 0 · sector 95
DIVIDEND 100 · sector 25

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.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Wuxi New Hongtai Electrical Technology Co (603016) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥8.60 versus a price of ¥28.95, about −70% (overvalued).
What is the fair value of 603016?
Our model-based fair value for Wuxi New Hongtai Electrical Technology Co is ¥8.60 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥28.95.
What is the quality score of 603016?
Wuxi New Hongtai Electrical Technology Co has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Wuxi New Hongtai Electrical Technology Co (603016)?
Wuxi New Hongtai Electrical Technology Co reported trailing-twelve-month revenue of about 603M CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 603016?
The net profit margin of Wuxi New Hongtai Electrical Technology Co is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does Wuxi New Hongtai Electrical Technology Co pay a dividend?
Wuxi New Hongtai Electrical Technology Co currently shows a dividend yield of about 11.67% relative to its recent price (as of Aug 10, 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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