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Shanghai Rongtai Health Technology Corporation (603579) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 3.9B CNY

SR Shanghai Rongtai Health Technology Corporation 603579 · SHG
Price¥18.35
Fair Value¥9.39
Upside-48.8%
Quality45/100
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Weak Growth
Solidly profitable · 10.9% net margin
Low debt · generates free cash flow
2.67% dividend yield
Mixed vs. peers (6/14)
Narrow moat 37/100
Evidence: High Range ¥7.04 – ¥11.22 Share as image

Fair value as of: Jul 11, 2026

From 24 valuation models · updated 30 days ago

Share price +2.2% over the past month.

Below-average quality, and screening another 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.22). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥43.26 ¥11.36 Fair Value ¥9.39 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 ¥11.36 – ¥43.26 · fair‑value band ¥7.04 – ¥11.22 · the ¥18.35 price screens above the ¥9.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Shanghai Rongtai Health Technology Corporation (603579) currently trades at ¥18.35, while our model-based Fair Value estimate is ¥9.39, implying the stock looks roughly 48.8% overvalued today. The Quality Score stands at 45/100 (below-average 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, Shanghai Rongtai Health Technology Corporation generated revenue of 1.6B CNY at a net margin of 10.9%. Revenue grew 12.0% year over year. It earns a return on equity of 7.1%. Net debt stands at 575M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥7.04 (bear case) to ¥11.22 (bull case); at ¥18.35, 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 59% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at -49%, 603579 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 ¥2.95 ¥4.03 ¥5.50 80
Residual Income ¥10.61 ¥10.78 ¥10.40 76
Rev-Margin DCF ¥3.53 ¥5.55 ¥7.73 74
All 24 models by family
DCF Models
FCF DCF ¥2.85 ¥4.00 ¥5.63 38
Owner Earnings ¥4.38 ¥6.09 ¥8.52 31
5Y Revenue Exit ¥3.53 ¥5.52 ¥8.03 39
5Y EBITDA Exit ¥4.65 ¥7.47 ¥10.70 41
5Y P/E Exit ¥7.58 ¥12.56 ¥17.64 38
10Y Revenue Exit ¥3.11 ¥4.80 ¥6.82 36
10Y EBITDA Exit ¥3.92 ¥6.08 ¥8.66 37
10Y P/E Exit ¥5.69 ¥9.40 ¥13.44 35
Earnings-Based
Graham-Dodd ¥5.10 ¥10.26 ¥12.90 54
EPV ¥3.43 ¥4.01 ¥4.51 59
Dividend Discount
Gordon GGM ¥2.71 ¥3.84 ¥4.97 70
DDM Multi-Stage ¥2.71 ¥3.75 ¥4.92 61
Multiples
P/E Multiple ¥12.37 ¥16.49 ¥20.61 63
P/S Multiple ¥7.04 ¥9.39 ¥11.73 58
P/B Multiple ¥9.56 ¥12.74 ¥15.93 55
EV/EBIT ¥6.43 ¥8.65 ¥10.87 53
EV/EBITDA ¥6.68 ¥8.98 ¥11.29 54
EV/Revenue ¥4.26 ¥6.18 ¥8.11 43
Asset-Based
NCAV (Graham) ¥6.93 ¥9.28 ¥13.85 50
Growth DCF
Growth DCF ¥2.95 ¥4.03 ¥5.50 80
Rev-Margin DCF ¥3.53 ¥5.55 ¥7.73 74
Economic Profit
Residual Income ¥10.61 ¥10.78 ¥10.40 76
ROIC Compounder ¥3.43 ¥4.01 ¥4.51 72
Growth Earnings
Growth-Adj P/E ¥8.96 ¥12.80 ¥16.64 68

Widest divergence: Growth Earnings (¥12.80) versus Dividend Discount (¥3.75). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) +12.0%
Net margin 10.9%
Return on equity 7.1%
Free cash flow 62.9M CNY FY2025
P/E ratio 20.7
More key figures
Operating margin 7.6%
EPS (TTM) ¥0.9300
Dividend yield 2.7%
EPS growth (YoY) +45.8%
Net debt 575M CNY FY2024

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 46 · Market factors (momentum, volatility) 23

Profitability 33
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 39
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

Shanghai Rongtai Health Technology Corporation Limited, together with its subsidiaries, engages in the research, design, development, production, and sale of massage equipment under the Rongtai and Momoda brands in China and internationally.

Full company description

Shanghai Rongtai Health Technology Corporation Limited, together with its subsidiaries, engages in the research, design, development, production, and sale of massage equipment under the Rongtai and Momoda brands in China and internationally. The company offers massage chairs and accessories, neck massagers, eye massagers, massage backrests, massage belts, foot massagers, massage pads, and handheld massagers, etc.; ankle revive, ROVO walking, small massagers, and other products; and smart home health gadgets, including slimming machines and beauty devices. It also provides shared massage services, as well as purchase and after-sale services. The company sells its products through direct sales, e-commerce, sales counters in department stores, and distributors. It exports its products. The company is also involved in the software and financial; import and export of goods and technologies; technology promotion and application; investing; and wholesale and retail trade activities. Shanghai Rongtai Health Technology Corporation Limited was founded in 1997 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Rongtai Health Technology Corporation reported revenue of ¥1.6B in FY2025 versus ¥2.6B in FY2021, a compound −11.9%/yr. Reported net income was ¥151M in FY2025, compounding −10.6%/yr from FY2021.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.6B CNY
Latest YoY
−1.5%
Avg. growth/yr (3Y)
−7.8%
Avg. growth/yr (5Y)
−4.9%
Avg. growth/yr (14Y)
+11.8%
Revenue −11.9%/yr
FY21 ¥2.6B
FY22 ¥2.0B
FY23 ¥1.9B
FY24 ¥1.6B
FY25 ¥1.6B
Net income −10.6%/yr
FY21 ¥236M
FY22 ¥164M
FY23 ¥203M
FY24 ¥192M
FY25 ¥151M

603579 screens 49% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "Shanghai Rongtai Health Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/603579

Peer Group

Leisure · 192 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 45 · Below median
Fair Value upside −49% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 1% · Below median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 20.7× · Pricier than median
P/B 1.39× · Cheaper than median
P/S (TTM) 2.39× · Pricier than median
P/FCF 9.1× · Pricier than median
EV/EBITDA 34.5× · 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 14
FUTURE 60 · sector 18
PAST 28 · sector 19
HEALTH 88 · sector 94
DIVIDEND 53 · sector 51

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

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Shanghai Rongtai Health Technology Corporation (603579) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥9.39 versus a price of ¥18.35, about −49% (overvalued).
What is the fair value of 603579?
Our model-based fair value for Shanghai Rongtai Health Technology Corporation is ¥9.39 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥18.35.
What is the quality score of 603579?
Shanghai Rongtai Health Technology Corporation has a Quality Score of 45/100. 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 Shanghai Rongtai Health Technology Corporation (603579)?
Shanghai Rongtai Health Technology Corporation reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603579?
The net profit margin of Shanghai Rongtai Health Technology Corporation is about 10.9%, meaning it keeps roughly 10.9% of revenue as net income. Based on the latest reported figures.
Does Shanghai Rongtai Health Technology Corporation pay a dividend?
Shanghai Rongtai Health Technology Corporation currently shows a dividend yield of about 2.67% relative to its recent price (as of Jul 11, 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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