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Zhejiang Baida Precision Manufacturing Corp (603331) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.4B CNY

ZB Zhejiang Baida Precision Manufacturing Corp 603331 · SHG
Price¥13.25
Fair Value¥17.24
Upside+30.1%
Quality29/100
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Expensive Growth
Loss-making · -18.2% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 26/100
Evidence: Medium Range ¥12.14 – ¥22.32 Share as image

Fair value as of: Jul 11, 2026

From 8 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from ¥14.98 to ¥17.24 (+15.1%) since Jun 24, 2026. Share price +21.7% over the past month.

Below-average quality, screening 30% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (¥12.14 to ¥22.32) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥21.30 ¥7.89 Fair Value ¥17.24 Feb 2021 Aug 2026

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

60‑month range ¥7.89 – ¥21.30 · fair‑value band ¥12.14 – ¥22.32 · the ¥13.25 price screens below the ¥17.24 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Zhejiang Baida Precision Manufacturing Corp (603331) currently trades at ¥13.25, while our model-based Fair Value estimate is ¥17.24, implying the stock looks roughly 30.1% undervalued today. The Quality Score stands at 29/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Zhejiang Baida Precision Manufacturing Corp generated revenue of 1.4B CNY at a net margin of -18.2%. Revenue declined 14.7% year over year. It earns a return on equity of -25.9%. Net debt stands at 316M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥12.14 (bear case) to ¥22.32 (bull case); at ¥13.25, the current price sits within 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 39% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 30%, 603331 screens cheaper 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
ROIC Compounder ¥4.91 ¥6.13 ¥8.00 72
Gordon GGM ¥1.59 ¥3.16 ¥4.79 70
DDM Multi-Stage ¥1.59 ¥2.73 ¥3.34 61
All 8 models by family
Earnings-Based
EPV ¥4.91 ¥5.68 ¥6.35 59
Dividend Discount
Gordon GGM ¥1.59 ¥3.16 ¥4.79 70
DDM Multi-Stage ¥1.59 ¥2.73 ¥3.34 61
Multiples
EV/EBIT ¥7.64 ¥10.19 ¥12.74 53
EV/EBITDA ¥12.42 ¥16.56 ¥20.69 54
EV/Revenue ¥5.46 ¥7.79 ¥10.13 43
Asset-Based
NCAV (Graham) ¥2.58 ¥3.45 ¥5.15 50
Economic Profit
ROIC Compounder ¥4.91 ¥6.13 ¥8.00 72

Widest divergence: Multiples (¥10.19) versus Dividend Discount (¥2.73). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 1.4B CNY
Revenue growth (YoY) -14.7%
Net margin -18.2%
Return on equity -25.9%
Free cash flow −15.9M CNY FY2025
Operating margin 7.0%
More key figures
EPS (TTM) ¥-1.23
EPS growth (YoY) -97.3%
Net debt 316M CNY FY2025

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

Quality Score breakdown

Overall quality 29/100

Of which business quality 30 · Market factors (momentum, volatility) 48

Profitability 9
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 57
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

Zhejiang Baida Precision Manufacturing Corp. engages in the research, development, manufacture, and sale of compressor and auto parts in China.

Full company description

Zhejiang Baida Precision Manufacturing Corp. engages in the research, development, manufacture, and sale of compressor and auto parts in China. The company offers rotary compressor components, including sliders, balance blocks, cylinders, crankshafts, pistons, upper- and lower-cylinder heads, and partitions; commercial air conditioner scroll compressor components comprising cross rings, lower bearing housings, motor brackets, oil pump covers, and elbows; and air conditioning compressor components for new energy vehicles, such as dynamic and static plates, cases, and end caps. It also provides automotive starter motor components, including reduction shafts, magnetic poles, moving and stationary iron cores, and switch housings; automotive EPS electronic steering components comprising axle forks, chassis, and aluminum casings; automotive electronic parking brake components consisting of caliper pistons; automotive generators that include claw poles; new energy vehicle drive motor components, such as motor shafts; and photovoltaic cells. The company was founded in 1995 and is based in Taizhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Baida Precision Manufacturing Corp reported revenue of ¥1.4B in FY2025 versus ¥1.2B in FY2021, a compound +3.7%/yr. Reported net income was −¥226M in FY2025.

Growth Quality 18/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.4B CNY
Latest YoY
−8.2%
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.
+3.0%
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.
+7.8%
Avg. growth/yr (13Y) 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.
+10.0%
Revenue +3.7%/yr
FY21 ¥1.2B
FY22 ¥1.3B
FY23 ¥1.4B
FY24 ¥1.5B
FY25 ¥1.4B
Net income
FY21 ¥91.8M
FY22 ¥67.4M
FY23 ¥119M
FY24 ¥33.0M
FY25 −¥226M
Character of growth · EPS growth decomposed (2013-2024) +2.9 % p.a.
Revenue per share +7.4 pp

of which total revenue +12.3 pp · buybacks/dilution −4.9 pp

EBIT margin −4.7 pp
Tax rate +0.6 pp
Residual (interest, one-offs) −0.4 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).

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Cite: Fair Value Calculator (2026). "Zhejiang Baida Precision Manufacturing Corp Fair Value". https://www.fairvalue-calculator.com/stock/603331

Peer Group

Auto Parts · 642 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 29 · Bottom 25%
Fair Value upside +30% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -18% · Bottom 25%
Operating margin (TTM) 7% · Above median
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/B 0.34× · Cheaper than 75% of peers
P/S (TTM) 0.26× · Cheaper than 75% of peers
EV/EBITDA 1.7× · Cheaper 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 73 · sector 16
FUTURE 0 · sector 23
PAST 0 · sector 26
HEALTH 92 · sector 95
DIVIDEND 0 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Zhejiang Baida Precision Manufacturing Corp (603331) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥17.24 versus a price of ¥13.25, about +30% (undervalued).
What is the fair value of 603331?
Our model-based fair value for Zhejiang Baida Precision Manufacturing Corp is ¥17.24 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥13.25.
What is the quality score of 603331?
Zhejiang Baida Precision Manufacturing Corp has a Quality Score of 29/100. 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 Zhejiang Baida Precision Manufacturing Corp (603331)?
Zhejiang Baida Precision Manufacturing Corp reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603331?
The net profit margin of Zhejiang Baida Precision Manufacturing Corp is about -18.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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