Changzhou Tenglong Auto Parts (603158) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Changzhou Tenglong Auto Parts stock ¥8.05, price ¥9.89, that is 18.6% below the price, quality 53 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥5.47 – ¥16.30 · fair‑value band ¥5.40 – ¥10.70 · the ¥9.89 price screens above the ¥8.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Changzhou Tenglong AutoPartsCo.,Ltd. researches, develops, manufactures, and sells auto parts in China and internationally.
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The company offers air-conditioning pipelines, such as compressor suction and exhaust, expansion valve inlet and outlet, heater air conditioning, and condenser connecting pipe assemblies; automotive heat exchange connecting tubes, including heater and oil cooling inlet and outlet pipes, evaporator imported tubes, and inlet pipes; and automotive heat exchange systems comprising filling valves, connectors, pullovers, covers, flanges, brackets, and auto heat exchange accessories.
It also provides automotive sensors consisting of diesel engine exhaust temperature, water temperature, and sunlight sensors; EGR cooling parts; auto precision aluminum tubes, such as flat tubes, intercooler tubes, afflux tubes, coaxial tubes, and KOMO pipes; and reservoir package in master cylinder for automobile brake systems.
Changzhou Tenglong AutoPartsCo.,Ltd. was founded in 1997 and is based in Changzhou, China.
Stock analysis
Changzhou Tenglong Auto Parts (603158) currently trades at ¥9.89, while our model-based Fair Value estimate is ¥8.05, 19% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥8.57 per share, and 3 of the 25 models we run sit above the ¥9.89 price.
Bear case: the Asset-Based group reads lowest at ¥2.08, and 22 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥5.40 (bear) to ¥10.70 (bull), the price of ¥9.89 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Changzhou Tenglong Auto Parts reported revenue of 4.2B CNY in FY2025 versus 2.3B CNY in FY2021, a compound +15.7%/yr. Reported net income was 51.9M CNY in FY2025, compounding −13.2%/yr from FY2021.
Key figures
Market cap 4.9B CNY (≈ $728M) Small · P/E ratio 58.2 · P/S ratio 1.05 · EPS (TTM) ¥0.1700 · Dividend yield 0.6% · Net margin 1.8% · Return on equity 3.7% · Return on assets (EBIT) 5.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at −19%, 603158 screens cheaper than that median.
Fair Value models
Bear¥5.40Fair Value ¥8.05Bull¥10.70
Price ¥9.89 · Downside -18.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0940 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF¥4.80¥7.36¥13.9376
Residual Income¥2.96¥2.99¥3.1276
Growth DCF¥4.62¥7.85¥13.3775
All 25 models by family
DCF Models
FCF DCF¥4.80¥7.36¥13.9376
5Y Revenue Exit¥4.87¥8.57¥15.0569
5Y EBITDA Exit¥5.82¥10.65¥18.5871
5Y P/E Exit¥3.18¥5.04¥7.3269
10Y Revenue Exit¥4.66¥8.59¥13.9364
10Y EBITDA Exit¥5.42¥10.22¥18.7864
10Y P/E Exit¥3.69¥5.68¥8.8162
Earnings-Based
Graham-Dodd¥0.7200¥4.80¥6.7263
Lynch FV¥1.40¥2.00¥2.6061
PEG = 1.0¥1.40¥2.00¥2.6057
EPV¥3.92¥4.38¥4.7673
Dividend Discount
Gordon GGM¥1.18¥2.20¥3.1267
DDM Multi-Stage¥1.18¥1.97¥2.3467
Multiples
P/E Multiple¥1.74¥2.33¥2.9163
P/S Multiple¥1.35¥1.80¥2.2557
P/B Multiple¥11.91¥15.89¥19.8655
EV/EBIT¥5.51¥7.52¥9.5365
EV/EBITDA¥5.29¥7.23¥9.1667
EV/Revenue¥3.55¥5.29¥7.0352
Asset-Based
NCAV (Graham)¥1.37¥2.08¥2.6054
Growth DCF
Growth DCF¥4.62¥7.85¥13.3775
Rev-Margin DCF¥4.87¥8.77¥14.4969
Economic Profit
Residual Income¥2.96¥2.99¥3.1276
ROIC Compounder¥3.92¥4.38¥5.0771
Growth Earnings
Growth-Adj P/E¥1.99¥2.85¥3.7067
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.7%
Start year 2020 (pandemic). Over 10 years: +20.9% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.5%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−18.3% vs −9.3%, slowing
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +14.9% a year for the price.
Compare Changzhou Tenglong Auto Parts with another stock
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Peer Groupⓘ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.Auto Parts · 656 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−18.6% · Below median
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets1.5% · Below median
Net margin (12 months)2.6% · Below median
Operating margin (12 months)6.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)19.8% · Top 25%
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Changzhou Tenglong Auto Parts Fair Value". https://www.fairvalue-calculator.com/stock/603158
Frequently asked questions
Is Changzhou Tenglong Auto Parts (603158) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥8.05 versus a price of ¥9.89, about 19% lower (overvalued).
What is the fair value of 603158?
Our model-based fair value for Changzhou Tenglong Auto Parts is ¥8.05 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥9.89.
What is the quality score of 603158?
Changzhou Tenglong Auto Parts has a Quality Score of 53/100. 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 price target for Changzhou Tenglong Auto Parts (603158)?
Our model-based price target is the fair value of ¥8.05 (as of Nov 5, 2026) from 25 valuation models. Cautious scenario ¥5.40, optimistic scenario ¥10.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Changzhou Tenglong Auto Parts stock forecast for 2026?
Our models put fair value at ¥8.05, about 19% lower versus a price of ¥9.89 (overvalued). Cautious scenario ¥5.40, optimistic scenario ¥10.70. The calculation is refreshed regularly with new filings.
What is the revenue of Changzhou Tenglong Auto Parts (603158)?
Changzhou Tenglong Auto Parts reported trailing-twelve-month revenue of about 4.3B CNY (latest available figure, as of Nov 5, 2026).
Does Changzhou Tenglong Auto Parts pay a dividend?
Changzhou Tenglong Auto Parts currently shows a dividend yield of 0.61% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Changzhou Tenglong Auto Parts (603158) and when is the ex-dividend date?
Changzhou Tenglong Auto Parts pays a dividend of ¥0.06 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Jul 24, 2026. The payout ratio is 35.3% of earnings. Free cash flow covers the dividend 6.84 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Changzhou Tenglong Auto Parts (603158)?
For today's price to be fair in a discounted-cash-flow model, Changzhou Tenglong Auto Parts would have to grow free cash flow by +16.9 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.7 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 603158 use?
Our models discount Changzhou Tenglong Auto Parts at 10.4 %: a base by market capitalisation (small), damped by beta 0.50, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Changzhou Tenglong Auto Parts that is +16.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Changzhou Tenglong Auto Parts (603158) delivered so far?
Over the past 5 years revenue at Changzhou Tenglong Auto Parts grew +18.7 % a year. The price currently implies free-cash-flow growth of +16.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Changzhou Tenglong Auto Parts (603158) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Changzhou Tenglong Auto Parts (+16.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Changzhou Tenglong Auto Parts (603158)?
The free-cash-flow yield on the price is 4.15 %: that much free cash flow Changzhou Tenglong Auto Parts produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Changzhou Tenglong Auto Parts (603158)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Changzhou Tenglong Auto Parts it is ¥8.05 per share (as of Nov 5, 2026), against a price of ¥9.89. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Changzhou Tenglong Auto Parts stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 603158 trades above its calculated fair value: price ¥9.89, fair value ¥8.05, a gap of about −19% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603158?
No. The price is what the market pays today (¥9.89); the fair value is what the company's own numbers justify (¥8.05). For Changzhou Tenglong Auto Parts the two are ¥1.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Changzhou Tenglong Auto Parts worth?
The market values Changzhou Tenglong Auto Parts at about 4.9B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥9.89; our models calculate a fair value of ¥8.05 per share.
What do the bullish and bearish scenarios say about 603158?
Our models span a range for Changzhou Tenglong Auto Parts: cautious scenario ¥5.40, base ¥8.05, optimistic ¥10.70 per share (as of Nov 5, 2026, price ¥9.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603158?
Changzhou Tenglong Auto Parts trades at a price-to-earnings ratio of 58.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.05 is built from several models across several years. Other multiples: P/B 2.2, P/S 1.7, EV/EBITDA 13.9.
How solid is the balance sheet of Changzhou Tenglong Auto Parts (603158)?
Balance-sheet figures for Changzhou Tenglong Auto Parts (as of Nov 5, 2026): return on equity 3.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 603158 from its 52-week high?
Changzhou Tenglong Auto Parts trades at ¥9.89, about 39% below its 52-week high of ¥16.30 and 16% above the low of ¥8.54 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.05 is for.
Which stocks are comparable to Changzhou Tenglong Auto Parts?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Changzhou Tenglong Auto Parts stock attractive at the current price?
The data as of Nov 5, 2026: price ¥9.89, calculated fair value ¥8.05 (−19%), Quality Score 53/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603158 calculated?
We run Changzhou Tenglong Auto Parts through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥8.05 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Changzhou Tenglong Auto Parts itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Changzhou Tenglong Auto Parts (603158)?
The closing price on Nov 6, 2026 was ¥9.89. Our model-based fair value is ¥8.05, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Changzhou Tenglong Auto Parts right now?
Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥5.40 to ¥10.70) leaves room in how you read the outcome.
Where does the earnings growth of Changzhou Tenglong Auto Parts (603158) come from?
Earnings per share at Changzhou Tenglong Auto Parts grew +5.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +17.2 %, EBIT margin −9.3 %, tax rate +0.4 %, residual (interest, one-offs) −1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Changzhou Tenglong Auto Parts
How large is the market capitalisation of Changzhou Tenglong Auto Parts (603158)?
The market capitalisation of Changzhou Tenglong Auto Parts is 4.9B CNY (≈ $728M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Changzhou Tenglong Auto Parts (603158)?
The price-to-sales ratio of Changzhou Tenglong Auto Parts is 1.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Changzhou Tenglong Auto Parts (603158)?
Earnings per share at Changzhou Tenglong Auto Parts are ¥0.1700 (price ÷ EPS = P/E 58.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Changzhou Tenglong Auto Parts (603158)?
The dividend yield of Changzhou Tenglong Auto Parts is 0.6% (payout 35.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Changzhou Tenglong Auto Parts (603158)?
The net margin of Changzhou Tenglong Auto Parts is 1.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Changzhou Tenglong Auto Parts (603158)?
The return on equity (ROE) of Changzhou Tenglong Auto Parts is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Changzhou Tenglong Auto Parts (603158)?
On an EBIT basis the return on assets of Changzhou Tenglong Auto Parts is 5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Changzhou Tenglong Auto Parts (603158)?
The operating margin of Changzhou Tenglong Auto Parts is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Changzhou Tenglong Auto Parts (603158)?
Revenue at Changzhou Tenglong Auto Parts is growing +19.8% versus a year earlier (3y avg +16.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Changzhou Tenglong Auto Parts (603158)?
Earnings per share at Changzhou Tenglong Auto Parts are growing +44.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Changzhou Tenglong Auto Parts (603158) carry?
The net debt of Changzhou Tenglong Auto Parts is 374M CNY (fiscal year 2025, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026