KTK Group (603680) Fair Value & Analysis
Industrials · CN · Market cap 9.0B CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from ¥15.23 to ¥13.54 (−11.1%) since Jun 24, 2026. Share price +5.8% over the past month.
A solid business, screening 30% undervalued on our models.
What matters now
- The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict.
- Our model range runs from ¥9.98 (bear) to ¥17.10 (bull), base ¥13.54. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 72/100 (solid 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 12, 2026.
How to read this chart
60‑month range ¥5.80 – ¥17.82 · fair‑value band ¥9.98 – ¥17.10 · the ¥10.42 price screens below the ¥13.54 fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
KTK Group (603680) currently trades at ¥10.42, while our model-based Fair Value estimate is ¥13.54, implying the stock looks roughly 29.9% undervalued today. The Quality Score stands at 72/100 (solid 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: high), always confirm before acting.
Over the trailing twelve months, KTK Group generated revenue of 4.4B CNY at a net margin of 14.2%. Revenue grew 4.8% year over year. It earns a return on equity of 10.7%. Net debt stands at 551M CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥9.98 (bear case) to ¥17.10 (bull case); at ¥10.42, 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 42% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at 30%, 603680 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: Growth Earnings (¥13.49) versus Earnings-Based (¥4.34). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 31
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
KTK Group Co., Ltd. research, develops, produces, sells, and service interior systems, electrical controlling systems, and vehicle equipment for high-speed trains, metro, LRV, and ordinary rail passenger cars in China and internationally.
Full company description
KTK Group Co., Ltd. research, develops, produces, sells, and service interior systems, electrical controlling systems, and vehicle equipment for high-speed trains, metro, LRV, and ordinary rail passenger cars in China and internationally. The company's products include lighting, cabinets, and drivers' desks, as well as diesel locomotives and special engineering vehicles, embedded channels, and PSD systems. It offers driving safety systems, intelligent control systems, body connection systems, passenger interface systems, and operation and maintenance guarantee system products for rail transit vehicles; electrical and network control, driving control consoles, battery box assemblies, through-channel windshields, interior decoration, doors, seats, lamps, integrated kitchens, and integrated toilets; platform screen doors, and high-speed railway natural disaster and foreign object intrusion monitoring systems. It has strategic partnerships with CRCC, Bombardier, Alstom, and Siemens. KTK Group Co., Ltd. was founded in 2003 and is based in Changzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
KTK Group reported revenue of ¥4.3B in FY2025 versus ¥3.8B in FY2021, a compound +3.4%/yr. Reported net income was ¥582M in FY2025, compounding +14.0%/yr from FY2021.
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Peer Group
Railroads · 111 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 Railroads 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 Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Union Pacific Corporation UNP | $301.75 | $144.60 | -52% |
| CSX Corporation CSX | $49.41 | $12.85 | -74% |
| Canadian Pacific Kansas City Limited CP | $92.91 | $35.00 | -62% |
| Canadian National Railway Company CNI | $128.22 | $92.63 | -28% |
| Norfolk Southern Corporation NSC | $327.47 | $117.90 | -64% |
| Westinghouse Air Brake Technologies Corporation WAB | $259.71 | $144.80 | -44% |
| Beijing-Shanghai High-Speed Railway Co 601816 | ¥4.82 | ¥5.65 | +17% |
| CRRC Corporation 601766 | ¥5.65 | ¥9.53 | +69% |
| Daqin Railway Co 601006 | ¥4.85 | ¥6.24 | +29% |
| Hyundai Rotem Company 064350 | 167,700 KRW | 125,182 KRW | -25% |
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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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