Runner Xiamen Corp (603408) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Runner Xiamen Corp ¥10.56, price ¥11.69, upside -9.7%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥8.21 – ¥15.03 · fair‑value band ¥7.01 – ¥13.27 · the ¥11.69 price screens above the ¥10.56 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Runner (Xiamen) Corp. engages in the research and development, design, production, and sale of kitchen and bathroom products, livable air, health care, water purification products, and other products in China and internationally. The company offers showers, faucets, and water inlet and outlet products.
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Runner (Xiamen) Corp. engages in the research and development, design, production, and sale of kitchen and bathroom products, livable air, health care, water purification products, and other products in China and internationally. The company offers showers, faucets, and water inlet and outlet products. It also offers air treatment, home appliance, pipe installation, and other household products. In addition, the company provides sanitary ware, air vents, and automotive appliances. Further, the company offers engineering design, construction, installation, and services. Runner (Xiamen) Corp. was founded in 1990 and is headquartered in Xiamen, China.
Stock analysis
Runner Xiamen Corp (603408) currently trades at ¥11.69, while our model-based Fair Value estimate is ¥10.56, implying the stock looks roughly 10.7% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥17.68 per share, and 8 of the 17 models we run sit above the ¥11.69 price.
Bear case: the Asset-Based group reads lowest at ¥5.16, and 9 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥7.01 (bear) to ¥13.27 (bull), the price of ¥11.69 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Runner Xiamen Corp reported revenue of 5.1B CNY in FY2025 versus 4.7B CNY in FY2021, a compound +2.1%/yr. Reported net income was 441M CNY in FY2025, compounding +4.0%/yr from FY2021.
Key figures
Market cap 5.2B CNY (≈ $781M) · P/E ratio 12.8 · P/S ratio 1.11 · EPS (TTM) ¥0.9100 · Dividend yield 5.5% · Net margin 8.6% · Return on equity 11.9% · Return on assets (EBIT) 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at −10%, 603408 screens richer than that median.
Fair Value models
Bear ¥7.01Fair Value ¥10.56Bull ¥13.27
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.1975 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)5.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3% vs 1%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 10%
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Pollution & Treatment Controls · 91 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Runner Xiamen Corp (603408) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥10.56 versus a price of ¥11.69, about −10% upside (fairly valued).
What is the fair value of 603408?
Our model-based fair value for Runner Xiamen Corp is ¥10.56 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥11.69.
What is the quality score of 603408?
Runner Xiamen Corp has a Quality Score of 54/100. 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 price target for Runner Xiamen Corp (603408)?
Our model-based price target is the fair value of ¥10.56 (as of Sep 24, 2026) from 17 valuation models. Cautious scenario ¥7.01, optimistic scenario ¥13.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Runner Xiamen Corp stock forecast for 2026?
Our models put fair value at ¥10.56, about −10% upside versus a price of ¥11.69 (fairly valued). Cautious scenario ¥7.01, optimistic scenario ¥13.27. The calculation is refreshed regularly with new filings.
What is the revenue of Runner Xiamen Corp (603408)?
Runner Xiamen Corp reported trailing-twelve-month revenue of about 5.3B CNY (latest available figure, as of Sep 24, 2026).
Does Runner Xiamen Corp pay a dividend?
Runner Xiamen Corp currently shows a dividend yield of about 5.47% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Runner Xiamen Corp (603408)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Runner Xiamen Corp it is ¥10.56 per share (as of Sep 24, 2026), against a price of ¥11.69. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Runner Xiamen Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 603408 trades above its calculated fair value: price ¥11.69, fair value ¥10.56, a gap of about −10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603408?
No. The price is what the market pays today (¥11.69); the fair value is what the company's own numbers justify (¥10.56). For Runner Xiamen Corp the two are ¥1.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Runner Xiamen Corp worth?
The market values Runner Xiamen Corp at about 5.2B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥11.69; our models calculate a fair value of ¥10.56 per share.
What do the bullish and bearish scenarios say about 603408?
Our models span a range for Runner Xiamen Corp: cautious scenario ¥7.01, base ¥10.56, optimistic ¥13.27 per share (as of Sep 24, 2026, price ¥11.69). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603408?
Runner Xiamen Corp trades at a price-to-earnings ratio of 12.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥10.56 is built from several models across several years. Other multiples: P/B 1.5, P/S 1.0, EV/EBITDA 7.3.
How solid is the balance sheet of Runner Xiamen Corp (603408)?
Balance-sheet figures for Runner Xiamen Corp (as of Sep 24, 2026): return on equity 11.9%, debt of 0.07 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 603408 from its 52-week high?
Runner Xiamen Corp trades at ¥11.69, about 16% below its 52-week high of ¥13.85 and 21% above the low of ¥9.65 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥10.56 is for.
Which stocks are comparable to Runner Xiamen Corp?
From the same area (Industrials) we also value Veralto Corporation, Zurn Elkay Water Solutions Corporation, CECO Environmental Corp, Fujian Longking Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Runner Xiamen Corp stock attractive at the current price?
The data as of Sep 24, 2026: price ¥11.69, calculated fair value ¥10.56 (−10%), Quality Score 54/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603408 calculated?
We run Runner Xiamen Corp through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥10.56, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Runner Xiamen Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Runner Xiamen Corp (603408)?
The closing price on Sep 23, 2026 was ¥11.69. Our model-based fair value is ¥10.56, about −10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Runner Xiamen Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (¥7.01 to ¥13.27) leaves room in how you read the outcome.
Key figures of Runner Xiamen Corp
How large is the market capitalisation of Runner Xiamen Corp (603408)?
The market capitalisation of Runner Xiamen Corp is 5.2B CNY (≈ $781M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Runner Xiamen Corp (603408)?
The price-to-sales ratio of Runner Xiamen Corp is 1.11 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Runner Xiamen Corp (603408)?
Earnings per share at Runner Xiamen Corp are ¥0.9100 (price ÷ EPS = P/E 12.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Runner Xiamen Corp (603408)?
The dividend yield of Runner Xiamen Corp is 5.5% (payout 70.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Runner Xiamen Corp (603408)?
The net margin of Runner Xiamen Corp is 8.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Runner Xiamen Corp (603408)?
The return on equity (ROE) of Runner Xiamen Corp is 11.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Runner Xiamen Corp (603408)?
On an EBIT basis the return on assets of Runner Xiamen Corp is 10.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Runner Xiamen Corp (603408)?
The operating margin of Runner Xiamen Corp is 10.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Runner Xiamen Corp (603408)?
Revenue at Runner Xiamen Corp is growing +14.0% versus a year earlier (3y avg +6.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Runner Xiamen Corp (603408)?
Earnings per share at Runner Xiamen Corp are growing −25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Runner Xiamen Corp (603408) generate?
The free cash flow of Runner Xiamen Corp is −127M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Runner Xiamen Corp (603408) hold?
Runner Xiamen Corp holds more cash than debt, 488M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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