Chongqing Wangbian Electric (Group) Corp (603191) Fair Value & Analysis
Industrials · CN · Market cap 5.2B CNY
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 30 days ago
Share price −2.7% over the past month.
Below-average quality, and screening another 62% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥5.51). The favourable scenario is already priced in.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
51‑month range ¥9.92 – ¥29.99 · fair‑value band ¥3.31 – ¥5.51 · the ¥13.90 price screens above the ¥5.31 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Chongqing Wangbian Electric (Group) Corp (603191) currently trades at ¥13.90, while our model-based Fair Value estimate is ¥5.31, implying the stock looks roughly 61.8% overvalued today. The Quality Score stands at 49/100 (below-average 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, Chongqing Wangbian Electric (Group) Corp generated revenue of 4.0B CNY at a net margin of 1.7%. Revenue grew 13.0% year over year. It earns a return on equity of 2.8%. Net debt stands at 403M CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥3.31 (bear case) to ¥5.51 (bull case); at ¥13.90, 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 50% below its 52-week high and 17% 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 -62%, 603191 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: DCF Models (¥7.64) versus Dividend Discount (¥3.01). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 34
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
Chongqing Wangbian Electric (Group) Corp., Ltd. engages in the research and development, production, and sale of power transmission and distribution and control equipment, and grain-oriented silicon steel products in China.
Full company description
Chongqing Wangbian Electric (Group) Corp., Ltd. engages in the research and development, production, and sale of power transmission and distribution and control equipment, and grain-oriented silicon steel products in China. The company offers power transformers, prefabricated substations, integrated transformer-charger units, complete sets of electrical equipment, and iron core phases, which are used in power, agriculture, industry, commercial and residential electricity, and infrastructure construction sectors; general-grained silicon steel (CGO) and high-grained silicon steel (HiB), which are used in the manufacture of power transformer cores, as well as by power transformer and motor manufacturers. It is also involved in the electric vehicle charging business. The company was founded in 1994 and is based in Chongqing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Chongqing Wangbian Electric (Group) Corp reported revenue of ¥3.9B in FY2025 versus ¥1.9B in FY2021, a compound +19.3%/yr. Reported net income was ¥69.2M in FY2025, compounding −21.0%/yr from FY2021.
603191 screens 62% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 528 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 Electrical Equipment & Parts 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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 10.16 SGD | 1.47 SGD | -86% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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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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