Lanzhou LS Heavy Equipment Co (603169) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Lanzhou LS Heavy Equipment Co ¥1.42, price ¥6.05, upside -76.5%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥4.07 – ¥13.43 · fair‑value band ¥0.7000 – ¥2.17 · the ¥6.05 price screens above the ¥1.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Lanzhou LS Heavy Equipment Co., Ltd engages in the research and development, design, manufacture, engineering, and maintenance services of traditional energy and chemical, new energy, industrial intelligent equipment, and energy-saving and environmental protection equipment in China and internationally.
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Lanzhou LS Heavy Equipment Co., Ltd engages in the research and development, design, manufacture, engineering, and maintenance services of traditional energy and chemical, new energy, industrial intelligent equipment, and energy-saving and environmental protection equipment in China and internationally. The company offers nuclear chemical equipment, nuclear fuel storage and transportation containers, and chamber equipment. It also provides pressure vessel, reforming reactor, hydrogenation reactor, threaded locking heat exchanger, diaphragm heat exchanger, high pressure vessel, circulating hydrogen desulfurization towers, etc. used in oil refining field; high-pressure tube reactors, large towers, etc. used in chemical industry; gasifiers, fischer-tropsch reactors, conversion furnaces, water scrubber, intermediate heat exchangers, waste heat boilers, used in coal chemical industry; reactors, vaporizers, reactors, coolers, and special material containers used in fine chemical industry. In addition, the company offers nuclear power plant pressure vessels, storage tanks, plate and micro-channel heat exchangers, fuel storage systems; loading and unloading systems for high-temperature gas-cooled reactor nuclear power plants. Further, the company provides nuclear fuel cycle reprocessing plants, post-processing, and product storage related products. Additionally, it offers new energy equipment, such as nuclear energy equipment, hydrogen energy equipment, photovoltaic equipment, and photothermal energy storage equipment; and new metal materials such as resistant alloys, titanium and copper alloys, steels and structural steel materials, as well as provides technical services, and EPC engineering general contracting. Lanzhou LS Heavy Equipment Co., Ltd was founded in 1953 and is headquartered in Lanzhou, China.
Stock analysis
Lanzhou LS Heavy Equipment Co (603169) currently trades at ¥6.05, while our model-based Fair Value estimate is ¥1.42, implying the stock looks roughly 326.1% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.37 per share, and 0 of the 4 models we run sit above the ¥6.05 price.
Bear case: the Multiples group reads lowest at ¥0.4100, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥0.7000 (bear) to ¥2.17 (bull), the price of ¥6.05 sits above 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 37/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Lanzhou LS Heavy Equipment Co reported revenue of 6.5B CNY in FY2025 versus 4.0B CNY in FY2021, a compound +12.6%/yr. Reported net income was −596M CNY in FY2025.
Key figures
Market cap 8.9B CNY (≈ $1.3B) · P/S ratio 1.54 · EPS (TTM) ¥−0.4600 · Dividend yield 1.2% · Net margin −9.2% · Return on equity −19.7% · Return on assets (EBIT) 0.8% · Operating margin −2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −77%, 603169 screens richer than that median.
Fair Value models
Bear ¥0.7000Fair Value ¥1.42Bull ¥2.17
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.0%
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.
+9.2%
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.
+17.5%
Start year 2020 (pandemic). Over 10 years: +10.2% 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.
+12.5%
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Profit margin (trend) ⓘ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.
−9.0% (2020) → −1.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Lanzhou LS Heavy Equipment Co 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.Specialty Industrial Machinery · 832 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−77% · Bottom 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−10% · Bottom 25%
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth−16% · Bottom 25%
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.63× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/B0.50× · Cheapest 25%
P/S (TTM)0.21× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 22
PAST (return on equity)0· sector 28
HEALTH (low debt)68· sector 95
DIVIDEND (yield)23· sector 24
VALUE 0: the price sits above our fair-value range.
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). "Lanzhou LS Heavy Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/603169
Frequently asked questions
Is Lanzhou LS Heavy Equipment Co (603169) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥1.42 versus a price of ¥6.05, about −77% upside (overvalued).
What is the fair value of 603169?
Our model-based fair value for Lanzhou LS Heavy Equipment Co is ¥1.42 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥6.05.
What is the quality score of 603169?
Lanzhou LS Heavy Equipment Co has a Quality Score of 37/100. 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 Lanzhou LS Heavy Equipment Co (603169)?
Our model-based price target is the fair value of ¥1.42 (as of Sep 23, 2026) from 4 valuation models. Cautious scenario ¥0.7000, optimistic scenario ¥2.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Lanzhou LS Heavy Equipment Co stock forecast for 2026?
Our models put fair value at ¥1.42, about −77% upside versus a price of ¥6.05 (overvalued). Cautious scenario ¥0.7000, optimistic scenario ¥2.17. The calculation is refreshed regularly with new filings.
What is the revenue of Lanzhou LS Heavy Equipment Co (603169)?
Lanzhou LS Heavy Equipment Co reported trailing-twelve-month revenue of about 6.3B CNY (latest available figure, as of Sep 23, 2026).
Does Lanzhou LS Heavy Equipment Co pay a dividend?
Lanzhou LS Heavy Equipment Co currently shows a dividend yield of about 1.16% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Lanzhou LS Heavy Equipment Co (603169)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lanzhou LS Heavy Equipment Co it is ¥1.42 per share (as of Sep 23, 2026), against a price of ¥6.05. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Lanzhou LS Heavy Equipment Co stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 603169 trades above its calculated fair value: price ¥6.05, fair value ¥1.42, a gap of about −77% (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 603169?
No. The price is what the market pays today (¥6.05); the fair value is what the company's own numbers justify (¥1.42). For Lanzhou LS Heavy Equipment Co the two are ¥4.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lanzhou LS Heavy Equipment Co worth?
The market values Lanzhou LS Heavy Equipment Co at about 8.9B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥6.05; our models calculate a fair value of ¥1.42 per share.
What do the bullish and bearish scenarios say about 603169?
Our models span a range for Lanzhou LS Heavy Equipment Co: cautious scenario ¥0.7000, base ¥1.42, optimistic ¥2.17 per share (as of Sep 23, 2026, price ¥6.05). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lanzhou LS Heavy Equipment Co (603169)?
Balance-sheet figures for Lanzhou LS Heavy Equipment Co (as of Sep 23, 2026): return on equity −19.7%, debt of 0.63 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 603169 from its 52-week high?
Lanzhou LS Heavy Equipment Co trades at ¥6.05, about 55% below its 52-week high of ¥13.43 and 3% above the low of ¥5.85 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.42 is for.
Which stocks are comparable to Lanzhou LS Heavy Equipment Co?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Lanzhou LS Heavy Equipment Co stock attractive at the current price?
The data as of Sep 23, 2026: price ¥6.05, calculated fair value ¥1.42 (−77%), Quality Score 37/100, from 4 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 603169 calculated?
We run Lanzhou LS Heavy Equipment Co through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥1.42, 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 14.1 % above its aggregate fair value. Lanzhou LS Heavy Equipment Co 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 Lanzhou LS Heavy Equipment Co (603169)?
The closing price on Sep 23, 2026 was ¥6.05. Our model-based fair value is ¥1.42, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lanzhou LS Heavy Equipment Co right now?
The price sits above even our optimistic bull case (¥2.17). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥0.7000 to ¥2.17). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Lanzhou LS Heavy Equipment Co (603169) come from?
Earnings per share at Lanzhou LS Heavy Equipment Co grew −13.2 % a year from 2013 to 2024. Broken into its drivers: revenue per share +8.0 %, EBIT margin −17.8 %, tax rate +1.8 %, residual (interest, one-offs) −3.9 %. 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 Lanzhou LS Heavy Equipment Co
How large is the market capitalisation of Lanzhou LS Heavy Equipment Co (603169)?
The market capitalisation of Lanzhou LS Heavy Equipment Co is 8.9B CNY (≈ $1.3B). 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 Lanzhou LS Heavy Equipment Co (603169)?
The price-to-sales ratio of Lanzhou LS Heavy Equipment Co is 1.54 (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 Lanzhou LS Heavy Equipment Co (603169)?
Earnings per share at Lanzhou LS Heavy Equipment Co are ¥−0.4600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lanzhou LS Heavy Equipment Co (603169)?
The dividend yield of Lanzhou LS Heavy Equipment Co is 1.2%. 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 Lanzhou LS Heavy Equipment Co (603169)?
The net margin of Lanzhou LS Heavy Equipment Co is −9.2% (fiscal year 2025). 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 Lanzhou LS Heavy Equipment Co (603169)?
The return on equity (ROE) of Lanzhou LS Heavy Equipment Co is −19.7% (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 Lanzhou LS Heavy Equipment Co (603169)?
On an EBIT basis the return on assets of Lanzhou LS Heavy Equipment Co is 0.8% (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 Lanzhou LS Heavy Equipment Co (603169)?
The operating margin of Lanzhou LS Heavy Equipment Co is −2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lanzhou LS Heavy Equipment Co (603169)?
Revenue at Lanzhou LS Heavy Equipment Co is growing −16.0% versus a year earlier (3y avg +9.2%). 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 Lanzhou LS Heavy Equipment Co (603169)?
Earnings per share at Lanzhou LS Heavy Equipment Co are growing +9.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lanzhou LS Heavy Equipment Co (603169) generate?
The free cash flow of Lanzhou LS Heavy Equipment Co is −132M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Lanzhou LS Heavy Equipment Co (603169) carry?
The net debt of Lanzhou LS Heavy Equipment Co is 1.7B CNY (fiscal year 2025). 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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