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Changzhou Shenli Electrical Machine Incorporated Co (603819) Fair Value & Analysis

Industrials · CN · Market cap 3.1B CNY (≈ $462M) · ISIN CNE100003043

What is Changzhou Shenli Electrical Machine Incorporated Co really worth?

CS Changzhou Shenli Electrical Machine Incorporated Co 603819 · SHG
Price¥15.06
Fair Value¥1.79
Upside−88.1%
Quality48/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Below-average quality, and trading another 741% above our fair value of ¥1.79.

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Risks

!Expensive Growth (revenue 5y +9.7 %/yr)
!Thin margins · 1.7% net margin
!Low debt · negative free cash flow
!Trails peers (1/13)
!Narrow moat 27/100
!Evidence only low, so the estimate is less certain
!Weak on future: 22 out of 100
!Weak on past: 13 out of 100

For context

·0.27% dividend yield
Evidence: Low Range ¥1.15 – ¥2.38

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 18 days ago

Share price +17.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥2.38). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥1.15 to ¥2.38) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥20.01 ¥7.74 Fair Value ¥1.79 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥7.74 – ¥20.01 · fair‑value band ¥1.15 – ¥2.38 · the ¥15.06 price screens above the ¥1.79 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Changzhou Shenli Electrical Machine Incorporated Co (603819) currently trades at ¥15.06, while our model-based Fair Value estimate is ¥1.79, implying the stock looks roughly 741.0% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: the Asset-Based group reads highest at a median of ¥2.48 per share, and 0 of the 16 models we run sit above the ¥15.06 price. Bear case: the Earnings-Based group reads lowest at ¥0.5700, and 16 of the 16 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Changzhou Shenli Electrical Machine Incorporated Co generated revenue of 1.5B CNY at a net margin of 1.7%. Revenue grew 4.4% year over year. It earns a return on equity of 3.3%. Net debt stands at 423M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥1.15 (bear case) to ¥2.38 (bull case); at ¥15.06, 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 4% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −88%, 603819 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.0535 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.5700 to ¥4.81). Read the values as a conservative anchor, not as a price target.
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 best evidence ¥2.62 ¥2.54 ¥2.06 76
EPV ¥1.83 ¥2.12 ¥2.36 74
ROIC Compounder ¥1.83 ¥2.12 ¥2.36 72
All 16 models by family
Earnings-Based
Graham-Dodd ¥0.6200 ¥1.86 ¥2.46 65
Lynch FV ¥0.4000 ¥0.5700 ¥0.7300 61
PEG = 1.0 ¥0.4000 ¥0.5700 ¥0.7300 57
EPV ¥1.83 ¥2.12 ¥2.36 74
Dividend Discount
Gordon GGM ¥0.8300 ¥1.65 ¥2.49 67
DDM Multi-Stage ¥0.8300 ¥1.32 ¥1.74 66
Multiples
P/E Multiple ¥1.43 ¥1.90 ¥2.38 63
P/S Multiple ¥1.15 ¥1.54 ¥1.92 58
P/B Multiple ¥1.15 ¥1.54 ¥1.92 55
EV/EBIT ¥2.84 ¥3.77 ¥4.71 66
EV/EBITDA ¥3.62 ¥4.81 ¥6.00 67
EV/Revenue ¥2.03 ¥2.89 ¥3.75 53
Asset-Based
NCAV (Graham) ¥1.85 ¥2.48 ¥3.70 54
Economic Profit
Residual Income best evidence ¥2.62 ¥2.54 ¥2.06 76
ROIC Compounder ¥1.83 ¥2.12 ¥2.36 72
Growth Earnings
Growth-Adj P/E ¥1.17 ¥1.67 ¥2.17 67

Widest divergence: Asset-Based (¥2.48) versus Earnings-Based (¥0.5700). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 125.5
P/S ratio 1.66 P/E × margin
EPS (TTM) ¥0.1200 price ÷ EPS = P/E 125.5
Dividend yield 0.3% payout 33.3%
Net margin 1.3% FY2025
Return on equity 3.3% TTM
More key figures
Profitability
Return on assets (EBIT) 1.1% avg 5y
Operating margin 3.9% TTM
Growth
Revenue (TTM) 1.5B CNY TTM
Revenue growth (YoY) +4.4% 3y avg +0.6%
EPS growth (YoY) +15.0%
Balance sheet & cash flow
Free cash flow −90.8M CNY FY2025
Net debt 423M CNY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 46 · Market factors (momentum, volatility) 65

Profitability 29
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 72
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Changzhou Shenli Electrical Machine Incorporated Company manufactures and sells motors, generator stator and rotor punching sheets, and iron cores in China and internationally.

Full company description

Changzhou Shenli Electrical Machine Incorporated Company manufactures and sells motors, generator stator and rotor punching sheets, and iron cores in China and internationally. The company offers diesel generators, wind turbines, medium and high-voltage motor, track motor, elevator motor, AC motor, and micro motor; and DC step motors, AC / DC brushless motors, DC servo motors, etc. for household and commercial applications. The company was founded in 1991 and is headquartered in Changzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Changzhou Shenli Electrical Machine Incorporated Co reported revenue of 1.5B CNY in FY2025 versus 1.4B CNY in FY2021, a compound +0.9%/yr. Reported net income was 19.7M CNY in FY2025, compounding −11.6%/yr from FY2021.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
+16.7%
Avg. revenue 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.
+0.6%
Avg. revenue 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.
+9.7%
Avg. revenue growth/yr (14Y) 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−9.3% (−9.6 + 0.3)
Revenue +0.9%/yr
FY21 1.4B CNY
FY22 1.5B CNY
FY23 1.3B CNY
FY24 1.3B CNY
FY25 1.5B CNY
Net income −11.6%/yr
FY21 32.3M CNY
FY22 −80.6M CNY
FY23 170M CNY
FY24 −38.4M CNY
FY25 19.7M CNY

603819 screens 741% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Changzhou Shenli Electrical Machine Incorporated Co Fair Value". https://www.fairvalue-calculator.com/stock/603819

Peer Group

Specialty Industrial Machinery · 811 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 48 · Below median
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 125.5× · Pricier than 75% of peers
P/B 3.85× · Pricier than median
P/S (TTM) 2.05× · Pricier than median
EV/EBITDA 38.9× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE22 · sector 21
PAST13 · sector 28
HEALTH94 · sector 96
DIVIDEND5 · sector 27

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $953.09 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
Eaton Corporation ETN $402.78 $168.65 −58%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $578.14 $348.94 −40%
Illinois Tool Works Inc ITW $281.67 $145.84 −48%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $431.75 $125.76 −71%

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Frequently asked questions

Is Changzhou Shenli Electrical Machine Incorporated Co (603819) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥1.79 versus a price of ¥15.06, about −88% upside (overvalued).
What is the fair value of 603819?
Our model-based fair value for Changzhou Shenli Electrical Machine Incorporated Co is ¥1.79 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥15.06.
What is the quality score of 603819?
Changzhou Shenli Electrical Machine Incorporated Co has a Quality Score of 48/100. 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 Changzhou Shenli Electrical Machine Incorporated Co (603819)?
Changzhou Shenli Electrical Machine Incorporated Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 603819?
The net profit margin of Changzhou Shenli Electrical Machine Incorporated Co is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does Changzhou Shenli Electrical Machine Incorporated Co pay a dividend?
Changzhou Shenli Electrical Machine Incorporated Co currently shows a dividend yield of about 0.27% relative to its recent price (as of Aug 13, 2026).
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