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Guangzhou Tongda Auto Electric Co (603390) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 4.1B CNY

GT Guangzhou Tongda Auto Electric Co 603390 · SHG
Price¥10.00
Fair Value¥4.85
Upside-51.5%
Quality65/100
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Expensive Growth
Solidly profitable · 12.6% net margin
Low debt · generates free cash flow
0.97% dividend yield
Mixed vs. peers (7/14)
Moderate moat 52/100
Evidence: High Range ¥3.26 – ¥6.06 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥5.18 to ¥4.85 (−6.4%) since Jun 24, 2026. Share price −1.7% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥6.06). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥3.26 to ¥6.06) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥18.00 ¥5.42 Fair Value ¥4.85 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥5.42 – ¥18.00 · fair‑value band ¥3.26 – ¥6.06 · the ¥10.00 price screens above the ¥4.85 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Guangzhou Tongda Auto Electric Co (603390) currently trades at ¥10.00, while our model-based Fair Value estimate is ¥4.85, implying the stock looks roughly 51.5% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical 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, Guangzhou Tongda Auto Electric Co generated revenue of 1.0B CNY at a net margin of 12.6%. Revenue grew 13.3% year over year. It earns a return on equity of 7.8%. The balance sheet holds a net cash position of 369M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.26 (bear case) to ¥6.06 (bull case); at ¥10.00, 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 36% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -52%, 603390 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥1.50 ¥1.77 ¥2.23 80
Residual Income ¥3.56 ¥3.60 ¥3.42 76
Rev-Margin DCF ¥3.17 ¥5.18 ¥7.81 74
All 26 models by family
DCF Models
FCF DCF ¥1.50 ¥1.81 ¥2.34 38
Owner Earnings ¥4.65 ¥7.51 ¥12.38 31
5Y Revenue Exit ¥3.17 ¥5.29 ¥8.29 39
5Y EBITDA Exit ¥4.29 ¥7.64 ¥11.99 41
5Y P/E Exit ¥3.50 ¥5.99 ¥8.92 38
10Y Revenue Exit ¥2.49 ¥4.29 ¥7.25 36
10Y EBITDA Exit ¥3.32 ¥5.99 ¥10.32 37
10Y P/E Exit ¥2.80 ¥4.79 ¥7.78 35
Earnings-Based
Graham-Dodd ¥1.65 ¥8.04 ¥11.08 54
Lynch FV ¥2.16 ¥3.08 ¥4.01 50
PEG = 1.0 ¥2.16 ¥3.08 ¥4.01 46
EPV ¥3.72 ¥4.13 ¥4.48 59
Dividend Discount
Gordon GGM ¥0.8000 ¥1.59 ¥2.40 70
DDM Multi-Stage ¥0.8000 ¥1.37 ¥1.67 61
Multiples
P/E Multiple ¥3.64 ¥4.85 ¥6.06 63
P/S Multiple ¥3.09 ¥4.12 ¥5.15 58
P/B Multiple ¥3.09 ¥4.12 ¥5.15 55
EV/EBIT ¥5.41 ¥6.84 ¥8.27 53
EV/EBITDA ¥6.03 ¥7.66 ¥9.30 54
EV/Revenue ¥4.01 ¥5.25 ¥6.49 43
Asset-Based
NCAV (Graham) ¥2.34 ¥3.14 ¥4.68 50
Growth DCF
Growth DCF ¥1.50 ¥1.77 ¥2.23 80
Rev-Margin DCF ¥3.17 ¥5.18 ¥7.81 74
Economic Profit
Residual Income ¥3.56 ¥3.60 ¥3.42 76
ROIC Compounder ¥3.72 ¥4.13 ¥4.48 72
Growth Earnings
Growth-Adj P/E ¥3.26 ¥4.65 ¥6.05 68

Widest divergence: DCF Models (¥5.29) versus Dividend Discount (¥1.37). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.0B CNY
Revenue growth (YoY) +13.3%
Net margin 12.6%
Return on equity 7.8%
Free cash flow 10.8M CNY FY2025
P/E ratio 31.7
More key figures
Operating margin 23.3%
EPS (TTM) ¥0.3700
Dividend yield 1.0%
EPS growth (YoY) +260%
Net cash 369M CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 61 · Market factors (momentum, volatility) 29

Profitability 33
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 90
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

Guangzhou Tongda Auto Electric Co., Ltd engages in the smart transportation and mobile medical care business in China. It offers Smart Transportation, a one-stop solution for smart transportation software and hardware for commercial vehicle manufacturers and operators, and Tongda Cloud, a smart traffic management cloud platform.

Full company description

Guangzhou Tongda Auto Electric Co., Ltd engages in the smart transportation and mobile medical care business in China. It offers Smart Transportation, a one-stop solution for smart transportation software and hardware for commercial vehicle manufacturers and operators, and Tongda Cloud, a smart traffic management cloud platform. The company also provides an intelligent dispatching management platform, a tire full life cycle management platform, an internet of vehicles safety warning cloud platform, the TDMS video management system, a passenger flow analysis and simulation platform, an intelligent cashier management cloud platform, and other vehicle management solutions, as well as mobile medical vehicles. In addition, it offers automotive electrical products, including vehicle-mounted intelligent systems, public transportation multimedia information release systems, and new energy vehicle motors and thermal management. The company was incorporated in 1994 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangzhou Tongda Auto Electric Co reported revenue of ¥1.0B in FY2025 versus ¥540M in FY2021, a compound +17.0%/yr. Reported net income was ¥85.2M in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.0B CNY
Latest YoY
+52.2%
Avg. growth/yr (3Y)
+28.5%
Avg. growth/yr (5Y)
+9.6%
Avg. growth/yr (10Y)
+9.8%
Revenue +17.0%/yr
FY21 ¥540M
FY22 ¥477M
FY23 ¥571M
FY24 ¥666M
FY25 ¥1.0B
Net income
FY21 −¥9.4M
FY22 −¥105M
FY23 ¥23.2M
FY24 ¥25.6M
FY25 ¥85.2M

603390 screens 52% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "Guangzhou Tongda Auto Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/603390

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 65 · Top 25%
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 31.7× · Pricier than median
P/B 2.50× · Pricier than median
P/S (TTM) 3.97× · Pricier than 75% of peers
P/FCF 56.7× · Pricier than 75% of peers
EV/EBITDA 20.8× · 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 17
FUTURE 67 · sector 23
PAST 31 · sector 26
HEALTH 99 · sector 95
DIVIDEND 19 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 12, 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 Guangzhou Tongda Auto Electric Co (603390) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥4.85 versus a price of ¥10.00, about −52% (overvalued).
What is the fair value of 603390?
Our model-based fair value for Guangzhou Tongda Auto Electric Co is ¥4.85 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥10.00.
What is the quality score of 603390?
Guangzhou Tongda Auto Electric Co has a Quality Score of 65/100. 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 Guangzhou Tongda Auto Electric Co (603390)?
Guangzhou Tongda Auto Electric Co reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603390?
The net profit margin of Guangzhou Tongda Auto Electric Co is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.
Does Guangzhou Tongda Auto Electric Co pay a dividend?
Guangzhou Tongda Auto Electric Co currently shows a dividend yield of about 0.97% relative to its recent price (as of Jul 12, 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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