Henan Thinker Automatic Equipment Co (603508) Fair Value & Analysis
Technology · CN · Market cap 8.3B CNY
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from ¥30.63 to ¥27.44 (−10.4%) since Jun 24, 2026. Share price +2.9% over the past month.
A strong business, screening 20% undervalued on our models.
What matters now
- Our model range runs from ¥21.66 (bear) to ¥33.22 (bull), base ¥27.44. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 84/100 (high quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 ¥10.96 – ¥37.16 · fair‑value band ¥21.66 – ¥33.22 · the ¥22.78 price screens below the ¥27.44 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Henan Thinker Automatic Equipment Co (603508) currently trades at ¥22.78, while our model-based Fair Value estimate is ¥27.44, implying the stock looks roughly 20.5% undervalued today. The Quality Score stands at 84/100 (high quality), in the Technology 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: high), always confirm before acting.
Over the trailing twelve months, Henan Thinker Automatic Equipment Co generated revenue of 1.6B CNY at a net margin of 37.4%. Revenue grew 18.7% year over year. It earns a return on equity of 13.2%. The balance sheet holds a net cash position of 1.6B CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥21.66 (bear case) to ¥33.22 (bull case); at ¥22.78, 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 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at 20%, 603508 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.
All 26 models by family
Widest divergence: Dividend Discount (¥49.73) versus Asset-Based (¥7.04). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 80 · Market factors (momentum, volatility) 35
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
Henan Thinker Automatic Equipment Co.,Ltd. engages in the production, research and development, and sale of train operation control systems in China. The company offers in-vehicle solutions, such as train operation control, locomotive onboard safety protection, locomotive remote monitoring and diagnosis, and train operation status information systems.
Full company description
Henan Thinker Automatic Equipment Co.,Ltd. engages in the production, research and development, and sale of train operation control systems in China. The company offers in-vehicle solutions, such as train operation control, locomotive onboard safety protection, locomotive remote monitoring and diagnosis, and train operation status information systems. It also provides ground solutions, including locomotive wireless shunting monitoring, standardized maintenance operation, flight attendant training, flight attendant remote attendance and exit management, locomotive operation safety monitoring and early warning, and driving safety data closed-loop application systems. In addition, the company offers secure computer, operating system, power supply, wireless communications, simulation test, combined inertial navigation, and smart manufacturing technology solutions. The company was founded in 1992 and is headquartered in Zhengzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Henan Thinker Automatic Equipment Co reported revenue of ¥1.5B in FY2025 versus ¥1.1B in FY2021, a compound +9.3%/yr. Reported net income was ¥556M in FY2025, compounding +9.6%/yr from FY2021.
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Peer Group
Scientific & Technical Instruments · 161 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.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $315.90 | $84.16 | -73% |
| Garmin Ltd GRMN | $241.76 | $146.67 | -39% |
| Teledyne Technologies Incorporated TDY | $635.52 | $367.58 | -42% |
| Chroma ATE Inc 2360 | 1,905 TWD | 286.15 TWD | -85% |
| Hexagon AB HEXAB | kr 80.10 | kr 52.93 | -34% |
| MKS Inc MKSI | $324.69 | $77.46 | -76% |
| AVIC Chengdu Aircraft Company 302132 | ¥52.91 | ¥34.47 | -35% |
| Fortive Corporation FTV | $61.78 | $33.84 | -45% |
| Trimble Inc TRMB | $52.72 | $24.47 | -54% |
| Cognex Corporation CGNX | $64.07 | $13.75 | -79% |
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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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