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Kunshan Kersen Science & Technology Co (603626) Fair Value & Analysis

Industrials · CN · Market cap 8.7B CNY

KK Kunshan Kersen Science & Technology Co 603626 · SHG
Price¥15.77
Fair Value¥16.46
Upside+4.4%
Quality46/100
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Weak Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
Trails peers (3/12)
Narrow moat 21/100
Evidence: Medium Range ¥10.66 – ¥22.81 Share as image

Fair value as of: Aug 11, 2026

From 12 valuation models · updated today

Fair value updated Aug 11, 2026, revised from ¥1.54 to ¥16.46 (+969.1%) since Jul 11, 2026. Share price −7.3% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥10.66 to ¥22.81) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥28.06 ¥4.38 Fair Value ¥16.46 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 11, 2026.

How to read this chart

60‑month range ¥4.38 – ¥28.06 · fair‑value band ¥10.66 – ¥22.81 · the ¥15.77 price screens below the ¥16.46 fair value. Dashed = 300-day average. As of Aug 11, 2026.

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Analysis

Kunshan Kersen Science & Technology Co (603626) currently trades at ¥15.77, while our model-based Fair Value estimate is ¥16.46, implying the stock looks roughly 4.4% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, Kunshan Kersen Science & Technology Co generated revenue of 3.1B CNY at a net margin of 4.2%. Revenue declined 9.5% year over year. It earns a return on equity of 5.8%. Net debt stands at 280M CNY. Fundamentals as of Aug 11, 2026

Our scenario range runs from ¥10.66 (bear case) to ¥22.81 (bull case); at ¥15.77, 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 46% below its 52-week high and 107% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 4%, 603626 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.

Model 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
Highest evidence
Growth DCF ¥4.56 ¥7.75 ¥13.39 80
Rev-Margin DCF ¥3.88 ¥6.11 ¥9.33 74
Gordon GGM ¥0.6600 ¥1.31 ¥1.98 70
All 12 models by family
DCF Models
FCF DCF ¥4.69 ¥7.18 ¥13.65 38
5Y Revenue Exit ¥3.88 ¥6.07 ¥9.56 39
5Y EBITDA Exit ¥3.16 ¥4.48 ¥6.39 41
10Y Revenue Exit ¥4.03 ¥6.43 ¥9.89 36
10Y EBITDA Exit ¥3.63 ¥5.18 ¥7.69 37
Dividend Discount
Gordon GGM ¥0.6600 ¥1.31 ¥1.98 70
DDM Multi-Stage ¥0.6600 ¥1.13 ¥1.38 61
Multiples
EV/EBITDA ¥2.55 ¥2.98 ¥3.41 54
EV/Revenue ¥3.46 ¥4.40 ¥5.34 43
Asset-Based
NCAV (Graham) ¥1.71 ¥2.29 ¥3.42 50
Growth DCF
Growth DCF ¥4.56 ¥7.75 ¥13.39 80
Rev-Margin DCF ¥3.88 ¥6.11 ¥9.33 74

Widest divergence: Growth DCF (¥6.11) versus Dividend Discount (¥1.13). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.1B CNY
Revenue growth (YoY) -9.5%
Net margin 4.2%
Return on equity 5.8%
Free cash flow 134M CNY FY2025
P/E ratio 68.4
More key figures
Operating margin -12.2%
EPS (TTM) ¥0.2300
EPS growth (YoY) -1.6%
Net debt 280M CNY FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 44

Profitability 9
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 77
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

Kunshan Kersen Science & Technology Co.,Ltd. researches, develops, manufactures, sells, and services precision structural parts. The company also engages in precision die casting, forging, stamping, CNC, laser cutting, laser welding, MIM, precision injection molding.

Full company description

Kunshan Kersen Science & Technology Co.,Ltd. researches, develops, manufactures, sells, and services precision structural parts. The company also engages in precision die casting, forging, stamping, CNC, laser cutting, laser welding, MIM, precision injection molding. In addition, the company offers consumer electronics products including shells, middle frames, middle plates, buttons, logos, and shaft (hinge) assemblies for terminal products such as smartphones, laptops, tablets, smart wearables, smart speakers, heat-not-burn electronic cigarette structural parts, and VR; medical device products include structural cigarette parts required for terminal products such as scalpels, bone screws, and pacemakers; energy storage products are mainly PACK module products; and automobiles, including new energy vehicles for well-known international and domestic customers such as Apple, Huawei, Amazon, Google, Meta, and Medtronic. The company was founded in 2003 and is based in Kunshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kunshan Kersen Science & Technology Co reported revenue of ¥3.1B in FY2025 versus ¥4.1B in FY2021, a compound −6.8%/yr. Reported net income was −¥351M in FY2025.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.1B CNY
Latest YoY
−7.4%
Avg. growth/yr (3Y) 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.
−2.9%
Avg. growth/yr (5Y) 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.
−2.0%
Avg. growth/yr (14Y) 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.
+30.8%
Revenue −6.8%/yr
FY21 ¥4.1B
FY22 ¥3.4B
FY23 ¥2.6B
FY24 ¥3.4B
FY25 ¥3.1B
Net income
FY21 ¥369M
FY22 ¥86.8M
FY23 −¥281M
FY24 −¥477M
FY25 −¥351M

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Cite: Fair Value Calculator (2026). "Kunshan Kersen Science & Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603626

Peer Group

Metal Fabrication · 245 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 46 · Below median
Fair Value upside +4% · Above median
Return on equity (TTM) 6% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) -12% · Bottom 25%
Revenue growth -10% · Bottom 25%
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 68.4× · Pricier than 75% of peers
P/B 4.60× · Pricier than 75% of peers
P/S (TTM) 2.85× · Pricier than 75% of peers
P/FCF 9.7× · Pricier than median

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 39 · sector 0
FUTURE 0 · sector 35
PAST 23 · sector 21
HEALTH 95 · sector 95
DIVIDEND 0 · sector 24

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 Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 11, 2026).

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Frequently asked questions

Is Kunshan Kersen Science & Technology Co (603626) overvalued or undervalued?
As of Aug 11, 2026, our model estimates a fair value of ¥16.46 versus a price of ¥15.77, about +4% (fairly valued).
What is the fair value of 603626?
Our model-based fair value for Kunshan Kersen Science & Technology Co is ¥16.46 (as of Aug 11, 2026), built from audited fundamentals. The current price is ¥15.77.
What is the quality score of 603626?
Kunshan Kersen Science & Technology Co has a Quality Score of 46/100. 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 Kunshan Kersen Science & Technology Co (603626)?
Kunshan Kersen Science & Technology Co reported trailing-twelve-month revenue of about 3.1B CNY (latest available figure, as of Aug 11, 2026).
What is the net profit margin of 603626?
The net profit margin of Kunshan Kersen Science & Technology Co is about 4.2%, meaning it keeps roughly 4.2% 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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