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Zhejiang Langdi Group (603726) Fair Value & Analysis

Industrials · CN · Market cap 4.7B CNY

ZL Zhejiang Langdi Group 603726 · SHG
Price¥24.11
Fair Value¥16.24
Upside-32.6%
Quality63/100
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Mixed Growth
Solidly profitable · 13.0% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Moderate moat 52/100
Evidence: High Range ¥10.94 – ¥20.30 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥16.68 to ¥16.24 (−2.6%) since Jun 24, 2026. Share price −20.8% over the past month.

A solid business, but screening 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥20.30). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥10.94 to ¥20.30) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥35.45 ¥8.51 Fair Value ¥16.24 Feb 2021 Aug 2026

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 ¥8.51 – ¥35.45 · fair‑value band ¥10.94 – ¥20.30 · the ¥24.11 price screens above the ¥16.24 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Zhejiang Langdi Group (603726) currently trades at ¥24.11, while our model-based Fair Value estimate is ¥16.24, implying the stock looks roughly 32.6% overvalued today. The Quality Score stands at 63/100 (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: high).

Over the trailing twelve months, Zhejiang Langdi Group generated revenue of 1.7B CNY at a net margin of 13.0%. Revenue declined 16.6% year over year. It earns a return on equity of 16.0%. Net debt stands at 87.4M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥10.94 (bear case) to ¥20.30 (bull case); at ¥24.11, 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 23% below its 52-week high and 61% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -33%, 603726 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥9.43 ¥13.28 ¥18.48 80
Residual Income ¥7.04 ¥8.28 ¥15.19 76
Rev-Margin DCF ¥8.69 ¥13.32 ¥18.53 74
All 26 models by family
DCF Models
FCF DCF ¥9.27 ¥13.58 ¥19.74 38
Owner Earnings ¥13.27 ¥19.52 ¥28.46 31
5Y Revenue Exit ¥8.69 ¥13.27 ¥19.01 39
5Y EBITDA Exit ¥10.85 ¥17.23 ¥24.56 41
5Y P/E Exit ¥12.07 ¥19.47 ¥27.11 38
10Y Revenue Exit ¥8.58 ¥12.71 ¥18.06 36
10Y EBITDA Exit ¥10.16 ¥15.38 ¥22.14 37
10Y P/E Exit ¥10.91 ¥16.89 ¥24.02 35
Earnings-Based
Graham-Dodd ¥6.50 ¥18.51 ¥24.39 54
Lynch FV ¥3.78 ¥5.41 ¥7.03 50
PEG = 1.0 ¥3.78 ¥5.41 ¥7.03 46
EPV ¥7.64 ¥8.78 ¥9.77 59
Dividend Discount
Gordon GGM ¥3.90 ¥7.78 ¥11.78 70
DDM Multi-Stage ¥3.90 ¥6.11 ¥8.21 61
Multiples
P/E Multiple ¥15.05 ¥20.06 ¥25.08 63
P/S Multiple ¥12.18 ¥16.24 ¥20.30 58
P/B Multiple ¥12.18 ¥16.24 ¥20.30 55
EV/EBIT ¥12.18 ¥16.11 ¥20.04 53
EV/EBITDA ¥13.26 ¥17.55 ¥21.84 54
EV/Revenue ¥8.81 ¥12.41 ¥16.01 43
Asset-Based
NCAV (Graham) ¥3.79 ¥5.08 ¥7.58 50
Growth DCF
Growth DCF ¥9.43 ¥13.28 ¥18.48 80
Rev-Margin DCF ¥8.69 ¥13.32 ¥18.53 74
Economic Profit
Residual Income ¥7.04 ¥8.28 ¥15.19 76
ROIC Compounder ¥7.65 ¥9.32 ¥11.35 72
Growth Earnings
Growth-Adj P/E ¥12.08 ¥17.25 ¥22.43 68

Widest divergence: Growth Earnings (¥17.25) versus Asset-Based (¥5.08). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.7B CNY
Revenue growth (YoY) -16.6%
Net margin 13.0%
Return on equity 16.0%
Free cash flow 156M CNY FY2025
P/E ratio 20.6
More key figures
Operating margin 10.3%
EPS (TTM) ¥1.23
EPS growth (YoY) +135%
Net debt 87.4M CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 60

Profitability 45
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 79
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

Zhejiang Langdi Group Co., Ltd. researches, develops, manufactures, and sells household air conditioning wheels, mechanical fans, and polymer composite materials in China and internationally.

Full company description

Zhejiang Langdi Group Co., Ltd. researches, develops, manufactures, and sells household air conditioning wheels, mechanical fans, and polymer composite materials in China and internationally. It offers forward direct driven, forward and backward belt driven, axial-flow, single inlet forward and backward, FCU, and other fans; metal impeller; fan motors, such as external DC and EC motor, single phase capacitor motor, and triple phase induction motor; and air conditioning filters; cross-flow and axial flow wheels, centrifugal wheels, and FCU wheels, and spare parts for impellers; and polymer composites, including polypropylene modified material, ASA modified alloy material, PC modified alloy material, PA modified material, ABS modified material. Zhejiang Langdi Group Co., Ltd. was incorporated in 1998 and is headquartered in Yuyao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Langdi Group reported revenue of ¥1.8B in FY2025 versus ¥1.8B in FY2021, a compound +0.1%/yr. Reported net income was ¥177M in FY2025, compounding +4.8%/yr from FY2021.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
−3.7%
Avg. growth/yr (3Y)
+2.7%
Avg. growth/yr (5Y)
+5.4%
Avg. growth/yr (14Y)
+8.7%
Revenue +0.1%/yr
FY21 ¥1.8B
FY22 ¥1.7B
FY23 ¥1.6B
FY24 ¥1.9B
FY25 ¥1.8B
Net income +4.8%/yr
FY21 ¥147M
FY22 ¥91.4M
FY23 ¥110M
FY24 ¥172M
FY25 ¥177M

603726 screens 33% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Zhejiang Langdi Group Fair Value". https://www.fairvalue-calculator.com/stock/603726

Peer Group

Building Products & Equipment · 247 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 63 · Above median
Fair Value upside −33% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 10% · Above median
Revenue growth -17% · Bottom 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 20.6× · Pricier than median
P/B 3.34× · Pricier than 75% of peers
P/S (TTM) 2.69× · Pricier than 75% of peers
P/FCF 4.5× · Pricier than median
EV/EBITDA 21.0× · 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 4
FUTURE 0 · sector 9
PAST 64 · sector 23
HEALTH 93 · sector 94
DIVIDEND 0 · sector 28

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Zhejiang Langdi Group (603726) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥16.24 versus a price of ¥24.11, about −33% (overvalued).
What is the fair value of 603726?
Our model-based fair value for Zhejiang Langdi Group is ¥16.24 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥24.11.
What is the quality score of 603726?
Zhejiang Langdi Group has a Quality Score of 63/100. 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 Zhejiang Langdi Group (603726)?
Zhejiang Langdi Group reported trailing-twelve-month revenue of about 1.7B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603726?
The net profit margin of Zhejiang Langdi Group is about 13.0%, meaning it keeps roughly 13.0% 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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