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Jiangsu Luokai Mechanical &Electrical Co (603829) Fair Value & Analysis

Industrials · CN · Market cap 3.6B CNY

JL Jiangsu Luokai Mechanical &Electrical Co 603829 · SHG
Price¥14.79
Fair Value¥15.41
Upside+4.2%
Quality42/100
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Healthy Growth
Thin margins · 2.5% net margin
Low debt · generates free cash flow
Trails peers (3/14)
Narrow moat 26/100
Evidence: Medium Range ¥11.56 – ¥19.26 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 ¥8.56 to ¥15.41 (+80.0%) since Jun 24, 2026. Share price −2.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥11.56 (bear) to ¥19.26 (bull), base ¥15.41. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 42/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥33.16 ¥8.38 Fair Value ¥15.41 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 ¥8.38 – ¥33.16 · fair‑value band ¥11.56 – ¥19.26 · the ¥14.79 price screens below the ¥15.41 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Jiangsu Luokai Mechanical &Electrical Co (603829) currently trades at ¥14.79, while our model-based Fair Value estimate is ¥15.41, implying the stock looks roughly 4.2% fairly valued today. The Quality Score stands at 42/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Jiangsu Luokai Mechanical &Electrical Co generated revenue of 2.2B CNY at a net margin of 2.5%. Revenue declined 4.4% year over year. It earns a return on equity of 2.9%. Net debt stands at 146M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥11.56 (bear case) to ¥19.26 (bull case); at ¥14.79, 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 57% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 4%, 603829 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 ¥5.47 ¥8.85 ¥13.90 80
Residual Income ¥6.17 ¥6.33 ¥6.15 76
Rev-Margin DCF ¥6.62 ¥10.99 ¥17.00 74
All 26 models by family
DCF Models
FCF DCF ¥5.56 ¥8.74 ¥15.55 38
Owner Earnings ¥4.86 ¥7.74 ¥12.98 31
5Y Revenue Exit ¥6.62 ¥11.20 ¥17.75 39
5Y EBITDA Exit ¥8.45 ¥15.20 ¥24.17 41
5Y P/E Exit ¥7.12 ¥12.31 ¥18.58 38
10Y Revenue Exit ¥6.05 ¥10.31 ¥17.52 36
10Y EBITDA Exit ¥7.45 ¥13.27 ¥23.08 37
10Y P/E Exit ¥6.57 ¥11.13 ¥18.23 35
Earnings-Based
Graham-Dodd ¥2.91 ¥16.35 ¥22.71 54
Lynch FV ¥4.58 ¥6.54 ¥8.51 50
PEG = 1.0 ¥4.58 ¥6.54 ¥8.51 46
EPV ¥6.17 ¥6.86 ¥7.45 59
Dividend Discount
Gordon GGM ¥4.69 ¥9.34 ¥14.14 70
DDM Multi-Stage ¥4.69 ¥8.07 ¥9.85 61
Multiples
P/E Multiple ¥6.42 ¥8.56 ¥10.70 63
P/S Multiple ¥5.46 ¥7.27 ¥9.09 58
P/B Multiple ¥5.46 ¥7.27 ¥9.09 55
EV/EBIT ¥9.61 ¥12.21 ¥14.81 53
EV/EBITDA ¥10.28 ¥13.10 ¥15.93 54
EV/Revenue ¥7.06 ¥9.32 ¥11.57 43
Asset-Based
NCAV (Graham) ¥4.00 ¥5.36 ¥8.00 50
Growth DCF
Growth DCF ¥5.47 ¥8.85 ¥13.90 80
Rev-Margin DCF ¥6.62 ¥10.99 ¥17.00 74
Economic Profit
Residual Income ¥6.17 ¥6.33 ¥6.15 76
ROIC Compounder ¥6.17 ¥6.86 ¥7.45 72
Growth Earnings
Growth-Adj P/E ¥6.70 ¥9.57 ¥12.45 68

Widest divergence: DCF Models (¥11.13) versus Asset-Based (¥5.36). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.2B CNY
Revenue growth (YoY) -4.4%
Net margin 2.5%
Return on equity 2.9%
Free cash flow 52.7M CNY FY2025
P/E ratio 67.0
More key figures
Operating margin 3.0%
EPS (TTM) ¥0.2900
EPS growth (YoY) -93.8%
Net debt 146M CNY FY2024

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 22

Profitability 31
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 45
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 Luokai Mechanical &Electrical Co., Ltd., together with its subsidiaries, researches, develops, produces, sells, and services various high and low voltage electrical distribution apparatus in the People's Republic of China and internationally.

Full company description

Jiangsu Luokai Mechanical &Electrical Co., Ltd., together with its subsidiaries, researches, develops, produces, sells, and services various high and low voltage electrical distribution apparatus in the People's Republic of China and internationally. The company offers component products comprising low-voltage circuit breakers, vacuum circuit breakers, AC contractors, RMUs, C-GISs, accessories, and other power distribution products and components; standardized low-voltage assembles, miniaturized low-voltage intelligent switchgears, armored movable AC metal-enclosed switchgears, environment-friendly gas-insulated ring main units, solid-insulated ring main units, environment-friendly gas-insulated metal-enclosed switchgears, wind power grid-connected switchgears, and gas-insulated switchgears; intelligent RMU system solutions; and liquid-cooled energy storage containers, integrated energy storage machines, and photovoltaic grid-connected cabinets. It also engages in technical activities. The company serves the transportation, data center, commercial complex, and new energy industries. Jiangsu Luokai Mechanical &Electrical Co., Ltd. was founded in 1970 and is headquartered in Changzhou, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Luokai Mechanical &Electrical Co reported revenue of ¥2.2B in FY2025 versus ¥1.3B in FY2021, a compound +14.2%/yr. Reported net income was ¥79.7M in FY2025, compounding +1.8%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.2B CNY
Latest YoY
+3.8%
Avg. growth/yr (3Y)
+11.2%
Avg. growth/yr (5Y)
+20.3%
Avg. growth/yr (12Y)
+14.7%
Revenue +14.2%/yr
FY21 ¥1.3B
FY22 ¥1.6B
FY23 ¥2.0B
FY24 ¥2.1B
FY25 ¥2.2B
Net income +1.8%/yr
FY21 ¥74.3M
FY22 ¥75.4M
FY23 ¥109M
FY24 ¥126M
FY25 ¥79.7M

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Cite: Fair Value Calculator (2026). "Jiangsu Luokai Mechanical &Electrical Co Fair Value". https://www.fairvalue-calculator.com/stock/603829

Peer Group

Electrical Equipment & Parts · 528 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 42 · Bottom 25%
Fair Value upside +4% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 67.0× · Pricier than 75% of peers
P/B 2.43× · Pricier than median
P/S (TTM) 1.65× · Cheaper than median
P/FCF 10.2× · Pricier than median
EV/EBITDA 23.8× · Pricier than median

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 39 · sector 0
FUTURE 0 · sector 57
PAST 12 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 18

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

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Jiangsu Luokai Mechanical &Electrical Co (603829) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥15.41 versus a price of ¥14.79, about +4% (fairly valued).
What is the fair value of 603829?
Our model-based fair value for Jiangsu Luokai Mechanical &Electrical Co is ¥15.41 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥14.79.
What is the quality score of 603829?
Jiangsu Luokai Mechanical &Electrical Co has a Quality Score of 42/100. 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 Luokai Mechanical &Electrical Co (603829)?
Jiangsu Luokai Mechanical &Electrical Co reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603829?
The net profit margin of Jiangsu Luokai Mechanical &Electrical Co is about 2.5%, meaning it keeps roughly 2.5% 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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