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Quick Intelligent Equipment Co (603203) Fair Value & Analysis

Industrials · CN · Market cap 14.7B CNY

QI Quick Intelligent Equipment Co 603203 · SHG
Price¥43.80
Fair Value¥7.49
Upside-82.9%
Quality61/100
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Healthy Growth
Solidly profitable · 12.8% net margin
Low debt · generates free cash flow
0.90% dividend yield
Mixed vs. peers (7/14)
Moderate moat 62/100
Evidence: High Range ¥5.61 – ¥9.36 Share as image

Fair value as of: Aug 11, 2026

From 26 valuation models · updated today

Share price −26.4% over the past month.

A solid business, but screening 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥9.36). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥80.00 ¥14.02 Fair Value ¥7.49 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 11, 2026.

How to read this chart

60‑month range ¥14.02 – ¥80.00 · fair‑value band ¥5.61 – ¥9.36 · the ¥43.80 price screens above the ¥7.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 11, 2026.

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Analysis

Quick Intelligent Equipment Co (603203) currently trades at ¥43.80, while our model-based Fair Value estimate is ¥7.49, implying the stock looks roughly 82.9% overvalued today. The Quality Score stands at 61/100 (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, Quick Intelligent Equipment Co generated revenue of 1.2B CNY at a net margin of 12.8%. Revenue grew 33.1% year over year. It earns a return on equity of 10.3%. The balance sheet holds a net cash position of 177M CNY. Fundamentals as of Aug 11, 2026

Our scenario range runs from ¥5.61 (bear case) to ¥9.36 (bull case); at ¥43.80, 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 44% below its 52-week high and 93% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -83%, 603203 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 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
Highest evidence
Growth DCF ¥10.53 ¥19.95 ¥34.67 80
Residual Income ¥3.77 ¥4.16 ¥5.77 76
Rev-Margin DCF ¥6.98 ¥11.08 ¥16.73 74
All 26 models by family
DCF Models
FCF DCF ¥10.77 ¥19.24 ¥38.78 38
Owner Earnings ¥4.96 ¥8.80 ¥16.07 31
5Y Revenue Exit ¥6.98 ¥11.16 ¥16.90 39
5Y EBITDA Exit ¥9.51 ¥16.71 ¥26.12 41
5Y P/E Exit ¥8.43 ¥14.33 ¥21.37 38
10Y Revenue Exit ¥7.98 ¥12.54 ¥19.81 36
10Y EBITDA Exit ¥9.85 ¥16.77 ¥28.04 37
10Y P/E Exit ¥9.11 ¥14.95 ¥23.80 35
Earnings-Based
Graham-Dodd ¥2.85 ¥16.20 ¥22.52 54
Lynch FV ¥4.55 ¥6.50 ¥8.46 50
PEG = 1.0 ¥4.55 ¥6.50 ¥8.46 46
EPV ¥7.84 ¥8.95 ¥9.92 59
Dividend Discount
Gordon GGM ¥4.49 ¥9.33 ¥14.81 70
DDM Multi-Stage ¥4.49 ¥7.87 ¥9.80 61
Multiples
P/E Multiple ¥6.60 ¥8.81 ¥11.01 63
P/S Multiple ¥4.91 ¥6.55 ¥8.19 58
P/B Multiple ¥5.35 ¥7.13 ¥8.91 55
EV/EBIT ¥11.09 ¥14.41 ¥17.72 53
EV/EBITDA ¥9.40 ¥12.15 ¥14.90 54
EV/Revenue ¥5.28 ¥7.05 ¥8.82 43
Asset-Based
NCAV (Graham) ¥2.14 ¥2.87 ¥4.28 50
Growth DCF
Growth DCF ¥10.53 ¥19.95 ¥34.67 80
Rev-Margin DCF ¥6.98 ¥11.08 ¥16.73 74
Economic Profit
Residual Income ¥3.77 ¥4.16 ¥5.77 76
ROIC Compounder ¥9.13 ¥12.38 ¥16.85 72
Growth Earnings
Growth-Adj P/E ¥6.78 ¥9.69 ¥12.60 68

Widest divergence: DCF Models (¥14.33) versus Asset-Based (¥2.87). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B CNY
Revenue growth (YoY) +33.1%
Net margin 12.8%
Return on equity 10.3%
Free cash flow 225M CNY FY2025
P/E ratio 98.8
More key figures
Operating margin 26.4%
EPS (TTM) ¥0.4500
Dividend yield 0.9%
EPS growth (YoY) +14.8%
Net cash 177M CNY FY2024

Figures from reported company fundamentals · as of Aug 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 51

Profitability 44
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 0
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

Quick Intelligent Equipment Co.,Ltd. engages in the research and development, manufacturing, and sale of precision assembly technology for electronics in China and internationally.

Full company description

Quick Intelligent Equipment Co.,Ltd. engages in the research and development, manufacturing, and sale of precision assembly technology for electronics in China and internationally. The company offers machine vision process equipment, die-bonding and packaging equipment, intelligent manufacturing complete sets of equipment, and precision welding and assembly equipment; hot pressure soldering automated production line, automated production line for millimeter wave radar, PTC AND EUC production line; high speed die bonder, vacuum soldering system, on-line formic soldering system, silver sintering equipment, power device packaging; module, intelligent terminal, metaverse; electro-optic display; AOI; soldering tools and equipment, selective soldering, soldering locking assembly, and precision dispensing. The company was founded in 1993 and is headquartered in Changzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Quick Intelligent Equipment Co reported revenue of ¥1.1B in FY2025 versus ¥781M in FY2021, a compound +8.5%/yr. Reported net income was ¥138M in FY2025, compounding −15.2%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.1B CNY
Latest YoY
+14.3%
Avg. growth/yr (3Y) 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.
+6.2%
Avg. growth/yr (5Y) 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.
+15.1%
Avg. growth/yr (14Y) 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.
+14.6%
Revenue +8.5%/yr
FY21 ¥781M
FY22 ¥901M
FY23 ¥793M
FY24 ¥945M
FY25 ¥1.1B
Net income −15.2%/yr
FY21 ¥268M
FY22 ¥273M
FY23 ¥191M
FY24 ¥212M
FY25 ¥138M
Character of growth · EPS growth decomposed (2013-2024) +9.8 % p.a.
Revenue per share +13.3 pp

of which total revenue +17.3 pp · buybacks/dilution −4.0 pp

EBIT margin −2.9 pp
Tax rate +0.6 pp
Residual (interest, one-offs) −1.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

603203 screens 83% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Quick Intelligent Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/603203

Peer Group

Specialty Industrial Machinery · 804 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 61 · Above median
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 33% · Top 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 98.8× · Pricier than 75% of peers
P/B 10.40× · Pricier than 75% of peers
P/S (TTM) 12.62× · Pricier than 75% of peers
P/FCF 9.7× · Pricier than median
EV/EBITDA 54.1× · Pricier than 75% of peers

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 0
FUTURE 100 · sector 23
PAST 41 · sector 28
HEALTH 100 · sector 96
DIVIDEND 18 · sector 24

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 Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 11, 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

Is Quick Intelligent Equipment Co (603203) overvalued or undervalued?
As of Aug 11, 2026, our model estimates a fair value of ¥7.49 versus a price of ¥43.80, about −83% (overvalued).
What is the fair value of 603203?
Our model-based fair value for Quick Intelligent Equipment Co is ¥7.49 (as of Aug 11, 2026), built from audited fundamentals. The current price is ¥43.80.
What is the quality score of 603203?
Quick Intelligent Equipment Co has a Quality Score of 61/100. 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 Quick Intelligent Equipment Co (603203)?
Quick Intelligent Equipment Co reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Aug 11, 2026).
What is the net profit margin of 603203?
The net profit margin of Quick Intelligent Equipment Co is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Quick Intelligent Equipment Co pay a dividend?
Quick Intelligent Equipment Co currently shows a dividend yield of about 0.71% relative to its recent price (as of Aug 11, 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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