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Keli Sensing Technology (Ningbo) Co (603662) Fair Value & Analysis

Industrials · CN · Market cap 18.7B CNY

KS Keli Sensing Technology (Ningbo) Co 603662 · SHG
Price¥54.39
Fair Value¥19.35
Upside-64.4%
Quality71/100
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Healthy Growth
Solidly profitable · 19.1% net margin
Low debt · generates free cash flow
0.57% dividend yield
Mixed vs. peers (7/14)
Moderate moat 63/100
Evidence: Medium Range ¥14.12 – ¥30.38 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Share price −14.0% over the past month.

A solid business, but screening 64% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥30.38). The favourable scenario is already priced in.
  • A fairly wide model range (¥14.12 to ¥30.38) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥87.92 ¥11.91 Fair Value ¥19.35 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 ¥11.91 – ¥87.92 · fair‑value band ¥14.12 – ¥30.38 · the ¥54.39 price screens above the ¥19.35 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Keli Sensing Technology (Ningbo) Co (603662) currently trades at ¥54.39, while our model-based Fair Value estimate is ¥19.35, implying the stock looks roughly 64.4% overvalued today. The Quality Score stands at 71/100 (solid 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: medium).

Over the trailing twelve months, Keli Sensing Technology (Ningbo) Co generated revenue of 1.6B CNY at a net margin of 19.1%. Revenue grew 13.3% year over year. It earns a return on equity of 11.4%. Net debt stands at 441M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥14.12 (bear case) to ¥30.38 (bull case); at ¥54.39, 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 36% below its 52-week high and 4% 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 -64%, 603662 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 ¥14.45 ¥24.92 ¥42.77 80
Residual Income ¥9.16 ¥11.03 ¥23.74 76
Rev-Margin DCF ¥9.88 ¥15.74 ¥23.39 74
All 26 models by family
DCF Models
FCF DCF ¥14.58 ¥26.04 ¥46.17 38
Owner Earnings ¥16.31 ¥29.21 ¥51.86 31
5Y Revenue Exit ¥9.88 ¥15.79 ¥23.68 39
5Y EBITDA Exit ¥14.54 ¥25.47 ¥39.22 41
5Y P/E Exit ¥17.19 ¥30.97 ¥46.86 38
10Y Revenue Exit ¥11.10 ¥17.28 ¥26.50 36
10Y EBITDA Exit ¥14.44 ¥24.39 ¥39.59 37
10Y P/E Exit ¥16.20 ¥28.44 ¥46.03 35
Earnings-Based
Graham-Dodd ¥8.25 ¥39.10 ¥53.79 54
Lynch FV ¥10.39 ¥14.84 ¥19.30 50
PEG = 1.0 ¥10.39 ¥14.84 ¥19.30 46
EPV ¥11.30 ¥13.05 ¥14.59 59
Dividend Discount
Gordon GGM ¥3.18 ¥6.62 ¥10.50 70
DDM Multi-Stage ¥3.18 ¥5.58 ¥6.94 61
Multiples
P/E Multiple ¥19.10 ¥25.47 ¥31.83 63
P/S Multiple ¥8.32 ¥11.10 ¥13.87 58
P/B Multiple ¥15.46 ¥20.62 ¥25.77 55
EV/EBIT ¥16.44 ¥21.67 ¥26.90 53
EV/EBITDA ¥15.64 ¥20.60 ¥25.57 54
EV/Revenue ¥7.74 ¥10.74 ¥13.73 43
Asset-Based
NCAV (Graham) ¥4.90 ¥6.56 ¥9.80 50
Growth DCF
Growth DCF ¥14.45 ¥24.92 ¥42.77 80
Rev-Margin DCF ¥9.88 ¥15.74 ¥23.39 74
Economic Profit
Residual Income ¥9.16 ¥11.03 ¥23.74 76
ROIC Compounder ¥12.03 ¥16.23 ¥21.50 72
Growth Earnings
Growth-Adj P/E ¥16.36 ¥23.37 ¥30.38 68

Widest divergence: DCF Models (¥25.47) versus Dividend Discount (¥5.58). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) +13.3%
Net margin 19.1%
Return on equity 11.4%
Free cash flow 299M CNY FY2025
P/E ratio 61.1
More key figures
Operating margin 21.1%
EPS (TTM) ¥1.09
Dividend yield 0.6%
EPS growth (YoY) -44.4%
Net debt 441M CNY FY2025

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 69 · Market factors (momentum, volatility) 37

Profitability 48
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 86
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

Keli Sensing Technology (Ningbo) Co.,Ltd., together with its subsidiaries, engages in the research and development, manufacture, and sale of various types of sensors, weighing indicators, electronic weighing systems, system integration and health scales in China and internationally.

Full company description

Keli Sensing Technology (Ningbo) Co.,Ltd., together with its subsidiaries, engages in the research and development, manufacture, and sale of various types of sensors, weighing indicators, electronic weighing systems, system integration and health scales in China and internationally. It offers beam, single point, S-type, canister, tension, digital, and other load cells, as well as weigh modules; force transducers; and digital, analog signal, bench and floor scale, and control indicators, as well as remote displays and amplifiers, as well as junction boxes, pressure transducers, Internet of Things, and flow meters. The company was founded in 2002 and is headquartered in Ningbo, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Keli Sensing Technology (Ningbo) Co reported revenue of ¥1.6B in FY2025 versus ¥1.0B in FY2021, a compound +10.9%/yr. Reported net income was ¥341M in FY2025, compounding +7.9%/yr from FY2021.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.6B CNY
Latest YoY
+20.3%
Avg. growth/yr (3Y)
+13.7%
Avg. growth/yr (5Y)
+13.3%
Avg. growth/yr (11Y)
+9.0%
Revenue +10.9%/yr
FY21 ¥1.0B
FY22 ¥1.1B
FY23 ¥1.1B
FY24 ¥1.3B
FY25 ¥1.6B
Net income +7.9%/yr
FY21 ¥251M
FY22 ¥260M
FY23 ¥312M
FY24 ¥261M
FY25 ¥341M

603662 screens 64% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Keli Sensing Technology (Ningbo) Co Fair Value". https://www.fairvalue-calculator.com/stock/603662

Peer Group

Electrical Equipment & Parts · 528 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 71 · Top 25%
Fair Value upside −64% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 0.6% · Below median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 61.1× · Pricier than 75% of peers
P/B 6.80× · Pricier than 75% of peers
P/S (TTM) 11.69× · Pricier than 75% of peers
P/FCF 9.3× · Pricier than median
EV/EBITDA 47.0× · 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 0
FUTURE 67 · sector 57
PAST 46 · sector 26
HEALTH 100 · sector 97
DIVIDEND 11 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Keli Sensing Technology (Ningbo) Co (603662) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥19.35 versus a price of ¥54.39, about −64% (overvalued).
What is the fair value of 603662?
Our model-based fair value for Keli Sensing Technology (Ningbo) Co is ¥19.35 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥54.39.
What is the quality score of 603662?
Keli Sensing Technology (Ningbo) Co has a Quality Score of 71/100. 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 Keli Sensing Technology (Ningbo) Co (603662)?
Keli Sensing Technology (Ningbo) Co 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 603662?
The net profit margin of Keli Sensing Technology (Ningbo) Co is about 19.1%, meaning it keeps roughly 19.1% of revenue as net income. Based on the latest reported figures.
Does Keli Sensing Technology (Ningbo) Co pay a dividend?
Keli Sensing Technology (Ningbo) Co currently shows a dividend yield of about 0.57% 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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