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Zhejiang Dafeng Industry Co (603081) Fair Value & Analysis

Industrials · CN · Market cap 4.1B CNY

ZD Zhejiang Dafeng Industry Co 603081 · SHG
Price¥9.66
Fair Value¥5.07
Upside-47.5%
Quality55/100
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Weak Growth
Thin margins · 2.4% net margin
Low debt · generates free cash flow
0.63% dividend yield
Trails peers (4/13)
Narrow moat 31/100
Evidence: High Range ¥2.70 – ¥5.07 Share as image

Fair value as of: Aug 10, 2026

From 22 valuation models · updated today

Share price +11.2% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.07). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥2.70 to ¥5.07) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥18.78 ¥8.09 Fair Value ¥5.07 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 ¥8.09 – ¥18.78 · fair‑value band ¥2.70 – ¥5.07 · the ¥9.66 price screens above the ¥5.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Zhejiang Dafeng Industry Co (603081) currently trades at ¥9.66, while our model-based Fair Value estimate is ¥5.07, implying the stock looks roughly 47.5% overvalued today. The Quality Score stands at 55/100 (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, Zhejiang Dafeng Industry Co generated revenue of 2.5B CNY at a net margin of 2.4%. Revenue grew 26.2% year over year. It earns a return on equity of 1.6%. Net debt stands at 917M CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥2.70 (bear case) to ¥5.07 (bull case); at ¥9.66, 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 35% 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 -35% fair-value upside, at -48%, 603081 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 ¥9.67 ¥14.43 ¥20.81 80
Residual Income ¥5.40 ¥5.27 ¥4.37 76
Rev-Margin DCF ¥2.64 ¥3.53 ¥4.63 74
All 22 models by family
DCF Models
FCF DCF ¥9.45 ¥14.74 ¥22.22 38
Owner Earnings ¥1.63 ¥3.25 ¥5.54 31
5Y Revenue Exit ¥2.64 ¥3.31 ¥3.97 39
5Y EBITDA Exit ¥3.53 ¥4.95 ¥6.43 41
5Y P/E Exit ¥4.15 ¥6.08 ¥7.97 38
10Y Revenue Exit ¥5.12 ¥6.27 ¥7.46 36
10Y EBITDA Exit ¥5.68 ¥7.37 ¥9.26 37
10Y P/E Exit ¥6.07 ¥8.12 ¥10.38 35
Earnings-Based
Graham-Dodd ¥1.41 ¥3.86 ¥5.07 54
Lynch FV ¥0.7700 ¥1.09 ¥1.42 50
PEG = 1.0 ¥0.7700 ¥1.09 ¥1.42 46
Dividend Discount
Gordon GGM ¥2.64 ¥5.27 ¥7.98 70
DDM Multi-Stage ¥2.64 ¥4.07 ¥5.53 61
Multiples
P/E Multiple ¥3.27 ¥4.36 ¥5.45 63
P/S Multiple ¥2.65 ¥3.53 ¥4.42 58
P/B Multiple ¥2.65 ¥3.53 ¥4.42 55
EV/EBITDA ¥0.3300 ¥1.05 ¥1.76 54
Asset-Based
NCAV (Graham) ¥3.78 ¥5.07 ¥7.56 50
Growth DCF
Growth DCF ¥9.67 ¥14.43 ¥20.81 80
Rev-Margin DCF ¥2.64 ¥3.53 ¥4.63 74
Economic Profit
Residual Income ¥5.40 ¥5.27 ¥4.37 76
Growth Earnings
Growth-Adj P/E ¥2.59 ¥3.70 ¥4.82 68

Widest divergence: DCF Models (¥6.08) versus Earnings-Based (¥1.09). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.5B CNY
Revenue growth (YoY) +26.2%
Net margin 2.4%
Return on equity 1.6%
Free cash flow 455M CNY FY2025
P/E ratio 69.0
More key figures
Operating margin -7.3%
EPS (TTM) ¥0.1400
Dividend yield 0.6%
EPS growth (YoY) -87.5%
Net debt 917M CNY FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 31

Profitability 20
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 56
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

Zhejiang Dafeng Industry Co., Ltd operates in the smart stage, lighting, sound, decoration, seating, and construction fields in China and internationally. The company offers cultural, sports and tourism technology equipment, digital art technology, rail transportation equipment, and cultural, sports and tourism operation services.

Full company description

Zhejiang Dafeng Industry Co., Ltd operates in the smart stage, lighting, sound, decoration, seating, and construction fields in China and internationally. The company offers cultural, sports and tourism technology equipment, digital art technology, rail transportation equipment, and cultural, sports and tourism operation services. The company also provides stage machinery, lighting, audio and video, electrical intelligence, seat stands, decorative curtain walls, smart skylights, art performances, TV variety shows, and art rehearsals, as well as for performances of operas and concerts; video systems; and safety control systems for various theaters, shows, studios, and stage machinery for a special performance. In addition, the company offers acoustic decoration services for cultural centers, theaters, concert halls, radio and television centers, recording studios, gymnasiums, multipurpose halls, and other places; architectural decoration services; and activity stands and public seats for TV studios, stadiums, exhibition centers, lecture halls, and other places. Further, it provides constructs cultural and sports projects; operates in digital art technology; culture media; culture & tourism integration; and offers rail vehicle interior products and seats. It serves the cultural and sports industry. The company was founded in 1991 and is headquartered in Yuyao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Dafeng Industry Co reported revenue of ¥2.4B in FY2025 versus ¥3.0B in FY2021, a compound −5.3%/yr. Reported net income was ¥87.8M in FY2025, compounding −31.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.4B CNY
Latest YoY
+29.3%
Avg. growth/yr (3Y)
−5.7%
Avg. growth/yr (5Y)
−1.0%
Avg. growth/yr (13Y)
+6.6%
Revenue −5.3%/yr
FY21 ¥3.0B
FY22 ¥2.8B
FY23 ¥1.9B
FY24 ¥1.8B
FY25 ¥2.4B
Net income −31.2%/yr
FY21 ¥391M
FY22 ¥287M
FY23 ¥101M
FY24 ¥64.6M
FY25 ¥87.8M

603081 screens 48% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Zhejiang Dafeng Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/603081

Peer Group

Specialty Business Services · 255 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 55 · Above median
Fair Value upside −48% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) -7% · Bottom 25%
Revenue growth 26% · Top 25%
Dividend yield (TTM) 0.6% · Bottom 25%
Debt / equity 0.49× · Higher than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 69.0× · Pricier than 75% of peers
P/B 1.28× · Cheaper than median
P/S (TTM) 1.66× · Pricier than median
P/FCF 1.3× · Cheaper than median

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 24
FUTURE 100 · sector 25
PAST 7 · sector 33
HEALTH 75 · sector 92
DIVIDEND 13 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Zhejiang Dafeng Industry Co (603081) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥5.07 versus a price of ¥9.66, about −48% (overvalued).
What is the fair value of 603081?
Our model-based fair value for Zhejiang Dafeng Industry Co is ¥5.07 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥9.66.
What is the quality score of 603081?
Zhejiang Dafeng Industry Co has a Quality Score of 55/100. 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 Zhejiang Dafeng Industry Co (603081)?
Zhejiang Dafeng Industry Co reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 603081?
The net profit margin of Zhejiang Dafeng Industry Co is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Dafeng Industry Co pay a dividend?
Zhejiang Dafeng Industry Co currently shows a dividend yield of about 0.62% 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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