Neway Valve (Suzhou) Co (603699) Fair Value & Analysis
Industrials · CN · Market cap 40.3B CNY
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 30 days ago
Share price +9.2% over the past month.
A strong business, but screening 26% overvalued on our models.
What matters now
- A high-quality business (quality 77/100), 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 (¥47.99). The favourable scenario is already priced in.
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 ¥6.73 – ¥66.31 · fair‑value band ¥28.99 – ¥47.99 · the ¥52.25 price screens above the ¥38.49 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Neway Valve (Suzhou) Co (603699) currently trades at ¥52.25, while our model-based Fair Value estimate is ¥38.49, implying the stock looks roughly 26.3% overvalued today. The Quality Score stands at 77/100 (high 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: high).
Over the trailing twelve months, Neway Valve (Suzhou) Co generated revenue of 8.0B CNY at a net margin of 21.0%. Revenue grew 16.5% year over year. It earns a return on equity of 35.0%. The balance sheet holds a net cash position of 373M CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥28.99 (bear case) to ¥47.99 (bull case); at ¥52.25, 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 22% below its 52-week high and 82% 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 -26%, 603699 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: DCF Models (¥54.13) versus Asset-Based (¥4.01). Highest evidence: Growth DCF (80).
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 76 · Market factors (momentum, volatility) 59
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
Neway Valve (Suzhou) Co., Ltd. researches, develops, produces, and sells industrial valves in the People's Republic of China and internationally.
Full company description
Neway Valve (Suzhou) Co., Ltd. researches, develops, produces, and sells industrial valves in the People's Republic of China and internationally. The company provides gate, globe, and check valves, including cast steel, parallel gate, axial flow/dual plate check, and forged valves; ball valves, such as floating ball, trunnion mounted ball, double ball, and other type ball valve; and butterfly valves comprising concentric, double offset, and triple offset butterfly valves. It also offers cryogenic valves, including cryogenic gate, cryogenic globe, cryogenic check, cryogenic ball, cryogenic offset butterfly, and cryogenic control valves; on-off valves, such as electric, pneumatic, hydraulic, electro-hydraulic, and pneumatic-hydraulic valves; and power plant valve comprising nuclear and conventional power plant valves. In addition, the company provides subsea gate and ball valves, and oxygen valves, as well as control valves, which includes single seated, concentric type V-notch segmental, cage guided, resistance to erosion angle type, bellow seal, and multil-stage depress pressure. Further, it offers sleeved plug valve; ductile iron valve, such as gate valve, check valve, butterfly valve, air release valve, and strainer; and liquid hydrogen valves. Its products have applications in upstream, midstream, downstream, water treatment, plant utilities, seawater desalination and transmission, data centers, wastewater treatment, potable water, district cooling plants, geothermal power, offshore wind power, biomass power, CCPP power, fired coal/gas power, carbon capture, and hydrogen energy. Neway Valve (Suzhou) Co., Ltd. was founded in 2002 and is based in Suzhou, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Neway Valve (Suzhou) Co reported revenue of ¥7.8B in FY2025 versus ¥4.0B in FY2021, a compound +18.3%/yr. Reported net income was ¥1.6B in FY2025, compounding +43.5%/yr from FY2021.
603699 screens 26% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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 Specialty Industrial Machinery 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.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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Frequently asked questions
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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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