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Jiangsu Xinri E-Vehicle Co (603787) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.3B CNY

JX Jiangsu Xinri E-Vehicle Co 603787 · SHG
Price¥10.15
Fair Value¥4.59
Upside-54.8%
Quality55/100
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Weak Growth
Thin margins · 1.2% net margin
negative free cash flow
2.98% dividend yield
Trails peers (3/12)
Narrow moat 23/100
Evidence: High Range ¥3.63 – ¥4.98 Share as image

Fair value as of: Aug 11, 2026

From 16 valuation models · updated today

Fair value updated Aug 11, 2026, revised from ¥4.75 to ¥4.59 (−3.4%) since Jul 11, 2026. Share price +6.8% over the past month.

A solid business, but screening 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥4.98). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥29.45 ¥7.46 Fair Value ¥4.59 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 ¥7.46 – ¥29.45 · fair‑value band ¥3.63 – ¥4.98 · the ¥10.15 price screens above the ¥4.59 fair value. Dashed = 300-day average. As of Aug 11, 2026.

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Analysis

Jiangsu Xinri E-Vehicle Co (603787) currently trades at ¥10.15, while our model-based Fair Value estimate is ¥4.59, implying the stock looks roughly 54.8% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical 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, Jiangsu Xinri E-Vehicle Co generated revenue of 4.0B CNY at a net margin of 1.2%. Revenue declined 10.8% year over year. It earns a return on equity of 3.0%. The balance sheet holds a net cash position of 336M CNY. Fundamentals as of Aug 11, 2026

Our scenario range runs from ¥3.63 (bear case) to ¥4.98 (bull case); at ¥10.15, 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 41% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 6% fair-value upside, at -55%, 603787 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 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
Residual Income ¥4.81 ¥4.75 ¥4.10 76
Gordon GGM ¥1.76 ¥2.69 ¥3.66 70
Growth-Adj P/E ¥2.68 ¥3.83 ¥4.98 68
All 16 models by family
DCF Models
Owner Earnings ¥2.61 ¥3.04 ¥3.63 31
Earnings-Based
Graham-Dodd ¥1.50 ¥3.25 ¥4.14 54
PEG = 1.0 ¥0.5100 ¥0.7300 ¥0.9500 46
EPV ¥3.14 ¥3.40 ¥3.62 59
Dividend Discount
Gordon GGM ¥1.76 ¥2.69 ¥3.66 70
DDM Multi-Stage ¥1.76 ¥2.49 ¥3.30 61
Multiples
P/E Multiple ¥3.63 ¥4.84 ¥6.05 63
P/S Multiple ¥2.80 ¥3.74 ¥4.67 58
P/B Multiple ¥2.80 ¥3.74 ¥4.67 55
EV/EBIT ¥4.21 ¥5.11 ¥6.01 53
EV/EBITDA ¥8.86 ¥11.31 ¥13.77 54
EV/Revenue ¥3.32 ¥4.10 ¥4.89 43
Asset-Based
NCAV (Graham) ¥3.31 ¥4.43 ¥6.61 50
Economic Profit
Residual Income ¥4.81 ¥4.75 ¥4.10 76
ROIC Compounder ¥3.14 ¥3.40 ¥3.62 67
Growth Earnings
Growth-Adj P/E ¥2.68 ¥3.83 ¥4.98 68

Widest divergence: Asset-Based (¥4.43) versus Dividend Discount (¥2.49). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.0B CNY
Revenue growth (YoY) -10.8%
Net margin 1.2%
Return on equity 3.0%
Free cash flow −5.4M CNY FY2025
P/E ratio 50.1
More key figures
Operating margin 0.0%
EPS (TTM) ¥0.2000
Dividend yield 3.0%
EPS growth (YoY) -15.4%
Net cash 336M CNY FY2024

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 33

Profitability 38
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 68
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

Jiangsu Xinri E-Vehicle Co., Ltd. researches, develops, manufactures, and sells electric vehicles in China and internationally. The company offers MIKU, utility, high speed, moped, small size, bicycle, and E-car related products. It exports its products. The company was founded in 1999 and is based in Wuxi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Xinri E-Vehicle Co reported revenue of ¥4.1B in FY2025 versus ¥4.3B in FY2021, a compound −1.0%/yr. Reported net income was ¥50.6M in FY2025, compounding +45.2%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.1B CNY
Latest YoY
+17.1%
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.
−5.7%
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.
−4.1%
Avg. growth/yr (13Y) 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.
+2.8%
Revenue −1.0%/yr
FY21 ¥4.3B
FY22 ¥4.9B
FY23 ¥4.1B
FY24 ¥3.5B
FY25 ¥4.1B
Net income +45.2%/yr
FY21 ¥11.4M
FY22 ¥162M
FY23 ¥88.0M
FY24 ¥25.6M
FY25 ¥50.6M
Character of growth · EPS growth decomposed (2013-2024) +1.3 % p.a.
Revenue per share +1.6 pp

of which total revenue +5.8 pp · buybacks/dilution −4.2 pp

EBIT margin +2.9 pp
Tax rate +2.2 pp
Residual (interest, one-offs) −5.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

603787 screens 55% overvalued. Compare with Zhejiang Cfmoto Power Co →

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Cite: Fair Value Calculator (2026). "Jiangsu Xinri E-Vehicle Co Fair Value". https://www.fairvalue-calculator.com/stock/603787

Peer Group

Recreational Vehicles · 37 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 55 · Above median
Fair Value upside −55% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets -0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -0% · Below median
Revenue growth -11% · Below median
Dividend yield (TTM) 3.0% · Above median

Valuation Multiples vs Recreational Vehicles median · lower = cheaper

P/E (TTM) 50.1× · Pricier than 75% of peers
P/B 1.51× · Pricier than median
P/S (TTM) 0.58× · Cheaper than median
EV/EBITDA 14.0× · 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 33
FUTURE 0 · sector 15
PAST 12 · sector 18
HEALTH 0 · sector 88
DIVIDEND 60 · sector 57

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

Stock Price Fair Value vs Fair Value
Zhejiang Cfmoto Power Co 603129 ¥293.01 ¥199.10 -32%
Brunswick Corporation BC $80.45 $16.76 -79%
BRP Inc DOO C$85.96 C$86.81 +1%
Polaris Inc PII $67.40 $29.83 -56%
THOR Industries, Inc THO $72.86 $97.14 +33%
Trigano S.A TRI €149.60 €273.48 +83%
Patrick Industries, Inc PATK $82.70 $85.54 +3%
Harley-Davidson, Inc HOG $26.81 $64.09 +139%
LCI Industries, LCII $108.17 $156.35 +45%
Sanlorenzo S.p.A SL €38.30 €40.65 +6%

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Frequently asked questions

Is Jiangsu Xinri E-Vehicle Co (603787) overvalued or undervalued?
As of Aug 11, 2026, our model estimates a fair value of ¥4.59 versus a price of ¥10.15, about −55% (overvalued).
What is the fair value of 603787?
Our model-based fair value for Jiangsu Xinri E-Vehicle Co is ¥4.59 (as of Aug 11, 2026), built from audited fundamentals. The current price is ¥10.15.
What is the quality score of 603787?
Jiangsu Xinri E-Vehicle Co has a Quality Score of 55/100. 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 Jiangsu Xinri E-Vehicle Co (603787)?
Jiangsu Xinri E-Vehicle Co reported trailing-twelve-month revenue of about 4.0B CNY (latest available figure, as of Aug 11, 2026).
What is the net profit margin of 603787?
The net profit margin of Jiangsu Xinri E-Vehicle Co is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Xinri E-Vehicle Co pay a dividend?
Jiangsu Xinri E-Vehicle Co currently shows a dividend yield of about 3.03% relative to its recent price (as of Aug 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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