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Zhejiang Meilun Elevator Co (603321) Fair Value & Analysis

Industrials · CN · Market cap 2.2B CNY

Price¥6.25
Fair Value¥2.76
Upside-55.8%
Quality92/100
Evidence: Medium Range ¥2.58 – ¥2.76

Fair value as of: Jun 24, 2026

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Analysis

Zhejiang Meilun Elevator Co (603321) currently trades at ¥6.25, while our model-based Fair Value estimate is ¥2.76 — implying the stock looks roughly 55.8% overvalued today. We read business quality at 92/100 (high 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: medium).

About the company

Zhejiang Meilun Elevator Co., Ltd. designs, manufactures, and sells elevators and escalators in China. It offers passenger, freight, old residential areas, household, medical, and sightseeing elevators, as well as escalators, moving walkways, stereo garages, and accessories. Its products are used for applications in shopping malls, supermarkets, stations, airports, overpasses and other public transportation facilities, residential areas, commercial complexes, hotels, office buildings, industrial parks, factories, warehousing and logistics centers, and factories, restaurants, libraries, etc. The company was founded in 1978 and is based in Shaoxing, China.

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Frequently asked questions

Is Zhejiang Meilun Elevator Co (603321) undervalued?
As of Jun 24, 2026, our model estimates a fair value of ¥2.76 versus a price of ¥6.25 — about −56% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 603321?
Our 21-model fair value for Zhejiang Meilun Elevator Co is ¥2.76 (as of Jun 24, 2026), built from audited fundamentals. The current price is ¥6.25.
What is the quality score of 603321?
Zhejiang Meilun Elevator Co has a Quality Score of 92/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.