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JiangSu Zhenjiang New Energy Equipment Co (603507) Fair Value & Analysis

Industrials · CN · Market cap 7.0B CNY

JZ JiangSu Zhenjiang New Energy Equipment Co 603507 · SHG
Price¥24.48
Fair Value¥12.69
Upside-48.2%
Quality28/100
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Expensive Growth
Thin margins · 2.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Narrow moat 31/100
Evidence: High Range ¥9.52 – ¥15.87 Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥20.15 to ¥12.69 (−37.0%) since Jun 24, 2026. Share price −20.3% over the past month.

Below-average quality, and screening another 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥15.87). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥49.66 ¥14.08 Fair Value ¥12.69 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 ¥14.08 – ¥49.66 · fair‑value band ¥9.52 – ¥15.87 · the ¥24.48 price screens above the ¥12.69 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

JiangSu Zhenjiang New Energy Equipment Co (603507) currently trades at ¥24.48, while our model-based Fair Value estimate is ¥12.69, implying the stock looks roughly 48.2% overvalued today. The Quality Score stands at 28/100 (below-average 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, JiangSu Zhenjiang New Energy Equipment Co generated revenue of 4.0B CNY at a net margin of 2.8%. Revenue grew 5.6% year over year. It earns a return on equity of 4.6%. Net debt stands at 2.1B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥9.52 (bear case) to ¥15.87 (bull case); at ¥24.48, 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 51% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -48%, 603507 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
Residual Income ¥10.23 ¥10.32 ¥9.55 76
ROIC Compounder ¥25.62 ¥37.12 ¥47.87 72
Gordon GGM ¥10.11 ¥20.15 ¥30.51 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥4.11 ¥28.67 ¥40.23 54
Lynch FV ¥8.50 ¥12.14 ¥15.78 50
PEG = 1.0 ¥8.50 ¥12.14 ¥15.78 46
EPV ¥21.16 ¥24.38 ¥27.16 59
Dividend Discount
Gordon GGM ¥10.11 ¥20.15 ¥30.51 70
DDM Multi-Stage ¥10.11 ¥17.41 ¥21.27 61
Multiples
P/E Multiple ¥9.52 ¥12.69 ¥15.87 63
P/S Multiple ¥7.71 ¥10.28 ¥12.85 58
P/B Multiple ¥7.71 ¥10.28 ¥12.85 55
EV/EBIT ¥32.54 ¥43.13 ¥53.72 53
EV/EBITDA ¥40.24 ¥53.39 ¥66.54 54
EV/Revenue ¥23.45 ¥33.17 ¥42.88 43
Asset-Based
NCAV (Graham) ¥6.81 ¥9.13 ¥13.62 50
Economic Profit
Residual Income ¥10.23 ¥10.32 ¥9.55 76
ROIC Compounder ¥25.62 ¥37.12 ¥47.87 72
Growth Earnings
Growth-Adj P/E ¥11.61 ¥16.58 ¥21.56 68

Widest divergence: Dividend Discount (¥17.41) versus Asset-Based (¥9.13). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.0B CNY
Revenue growth (YoY) +5.6%
Net margin 2.8%
Return on equity 4.6%
Free cash flow −1.3B CNY FY2025
P/E ratio 34.1
More key figures
Operating margin 11.1%
EPS (TTM) ¥1.11
EPS growth (YoY) +388%
Net debt 2.1B CNY FY2025

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

Quality Score breakdown

Overall quality 28/100

Of which business quality 28 · Market factors (momentum, volatility) 36

Profitability 23
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 65
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

JiangSu Zhenjiang New Energy Equipment Co., Ltd. engages in the design, research and development, production, and sale of port machinery, wind power generation accessories, electrolytic aluminum machinery and equipment, and engineering machinery steel structure components in China.

Full company description

JiangSu Zhenjiang New Energy Equipment Co., Ltd. engages in the design, research and development, production, and sale of port machinery, wind power generation accessories, electrolytic aluminum machinery and equipment, and engineering machinery steel structure components in China. It operates through New Energy Products, Ship Leasing, Fastener Products, and Other segments. The company offers wind power equipment, such as high-power direct-drive generator, stator support, generator metal nacelle cover, split-shaped tower, and tower flange; and photovoltaic products, including flat single-axis tracking bracket, fixed bracket, tower solar thermal, and parallel solar thermal. JiangSu Zhenjiang New Energy Equipment Co., Ltd. was founded in 2004 and is based in Jiangyin, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JiangSu Zhenjiang New Energy Equipment Co reported revenue of ¥4.0B in FY2025 versus ¥2.4B in FY2021, a compound +13.1%/yr. Reported net income was ¥111M in FY2025, compounding −11.2%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.0B CNY
Latest YoY
+0.7%
Avg. growth/yr (3Y)
+11.0%
Avg. growth/yr (5Y)
+15.5%
Avg. growth/yr (12Y)
+29.7%
Revenue +13.1%/yr
FY21 ¥2.4B
FY22 ¥2.9B
FY23 ¥3.8B
FY24 ¥3.9B
FY25 ¥4.0B
Net income −11.2%/yr
FY21 ¥179M
FY22 ¥94.9M
FY23 ¥184M
FY24 ¥178M
FY25 ¥111M

603507 screens 48% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "JiangSu Zhenjiang New Energy Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/603507

Peer Group

Specialty Industrial Machinery · 809 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 28 · Bottom 25%
Fair Value upside −48% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 11% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 34.1× · Pricier than median
P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 0.26× · Cheaper than 75% of peers
EV/EBITDA 1.4× · 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 0 · sector 0
FUTURE 28 · sector 23
PAST 18 · sector 28
HEALTH 86 · sector 96
DIVIDEND 0 · 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 Jul 12, 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 JiangSu Zhenjiang New Energy Equipment Co (603507) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥12.69 versus a price of ¥24.48, about −48% (overvalued).
What is the fair value of 603507?
Our model-based fair value for JiangSu Zhenjiang New Energy Equipment Co is ¥12.69 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥24.48.
What is the quality score of 603507?
JiangSu Zhenjiang New Energy Equipment Co has a Quality Score of 28/100. 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 JiangSu Zhenjiang New Energy Equipment Co (603507)?
JiangSu Zhenjiang New Energy Equipment Co reported trailing-twelve-month revenue of about 4.0B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603507?
The net profit margin of JiangSu Zhenjiang New Energy Equipment Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. 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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