Wuxi Hongsheng Heat Exchanger Manufacturing Co (603090) Fair Value & Analysis
Industrials · CN · Market cap 4.0B CNY
Fair value as of: Aug 10, 2026
From 26 valuation models · updated today
Fair value updated Aug 10, 2026, revised from ¥12.80 to ¥11.73 (−8.4%) since Jul 11, 2026. Share price −20.4% over the past month.
A solid business, but screening 71% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥18.30). The favourable scenario is already priced in.
- The model range is unusually wide (¥6.87 to ¥18.30). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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 ¥11.45 – ¥97.06 · fair‑value band ¥6.87 – ¥18.30 · the ¥40.03 price screens above the ¥11.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 10, 2026.
Analysis
Wuxi Hongsheng Heat Exchanger Manufacturing Co (603090) currently trades at ¥40.03, while our model-based Fair Value estimate is ¥11.73, implying the stock looks roughly 70.7% overvalued today. The Quality Score stands at 63/100 (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, Wuxi Hongsheng Heat Exchanger Manufacturing Co generated revenue of 807M CNY at a net margin of 9.4%. Revenue grew 27.6% year over year. It earns a return on equity of 11.8%. The balance sheet holds a net cash position of 65.5M CNY. Fundamentals as of Aug 10, 2026
Our scenario range runs from ¥6.87 (bear case) to ¥18.30 (bull case); at ¥40.03, 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 60% below its 52-week high and 82% 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 -71%, 603090 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.
All 26 models by family
Widest divergence: Growth Earnings (¥14.55) versus Asset-Based (¥4.24). 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 62 · Market factors (momentum, volatility) 36
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 Hongsheng Heat Exchanger Manufacturing Co., Ltd. engages in the research and development, design, production, and sales of heat exchangers and related products in China and internationally. It offers aluminum plate-fin heat exchangers and thermal management systems.
Full company description
Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. engages in the research and development, design, production, and sales of heat exchangers and related products in China and internationally. It offers aluminum plate-fin heat exchangers and thermal management systems. The company also provides power lithium battery pack for energy storage systems for power, construction machinery, special trucks, and mining machinery markets. It exports its products to the United States, South Korea, the European Union, and India. The company's products are used in off-highway, hydraulic system, compressor, train, power generation, agriculture, automotive, and other fields. The company was founded in 2000 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 Hongsheng Heat Exchanger Manufacturing Co reported revenue of ¥764M in FY2025 versus ¥559M in FY2021, a compound +8.1%/yr. Reported net income was ¥82.4M in FY2025, compounding +54.0%/yr from FY2021.
603090 screens 71% 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.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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