Harson Trading China Co Ltd (603958) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Harson Trading China Co Ltd stock ¥8.74, price ¥16.69, upside -47.6%, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 26, 2026.
How to read this chart
60‑month range ¥5.07 – ¥27.10 · fair‑value band ¥8.00 – ¥9.34 · the ¥16.69 price screens above the ¥8.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 26, 2026.
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Harson Trading (China) Co.,Ltd. engages in the design, development, production, and wholesale of leather products in China and internationally. It provides shoes, bags, clothing products, leather products, and related supporting services.
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The company was founded in 2006 and is based in Kunshan, China. Harson Trading (China) Co.,Ltd. is a subsidiary of Zhenxing International Co., Ltd.
Stock analysis
Harson Trading China Co Ltd (603958) currently trades at ¥16.69, while our model-based Fair Value estimate is ¥8.74, 47.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥3.13 per share, and 0 of the 6 models we run sit above the ¥16.69 price.
Bear case: the Asset-Based group reads lowest at ¥1.09, and 6 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥8.00 (bear) to ¥9.34 (bull), the price of ¥16.69 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Harson Trading China Co Ltd reported revenue of 1.5B CNY in FY2025 versus 990M CNY in FY2021, a compound +10.2%/yr. Reported net income was −50.4M CNY in FY2025.
Key figures
Market cap 3.7B CNY (≈ $550M) Small · P/S ratio 2.55 · EPS (TTM) ¥−0.1100 · Dividend yield 0.2% · Net margin −1.5% · Return on equity 0.1% · Return on assets (EBIT) −3.1% · Operating margin 2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at −48%, 603958 screens richer than that median.
Fair Value models
Bear¥8.00Fair Value ¥8.74Bull¥9.34
Price ¥16.69 · Upside -47.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+77.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+24.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
Start year 2020 (pandemic). Over 10 years: −2.8% a year
Revenue growth 14 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.3%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.9% (2019) → −6.5% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Harson Trading China Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Footwear & Accessories · 94 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−47.6% · Bottom 25%
Profitability
Return on equity (12 months)0.1% · Below median
Return on assets−2.8% · Bottom 25%
Net margin (12 months)−1.5% · Bottom 25%
Operating margin (12 months)2.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)18.3% · Top 25%
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
P/B5.68× · Priciest 25%
P/S (12 months)2.36× · Priciest 25%
EV/EBITDA64.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)92· sector 10
PAST (return on equity)0· sector 22
HEALTH (low debt)93· sector 96
DIVIDEND (yield)4· sector 63
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Harson Trading China Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603958
Frequently asked questions
Is Harson Trading China Co Ltd (603958) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of ¥8.74 versus a price of ¥16.69, about −48% upside (overvalued).
What is the fair value of 603958?
Our model-based fair value for Harson Trading China Co Ltd is ¥8.74 (as of Oct 26, 2026), built from audited fundamentals. The current price: ¥16.69.
What is the quality score of 603958?
Harson Trading China Co Ltd has a Quality Score of 50/100. 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 price target for Harson Trading China Co Ltd (603958)?
Our model-based price target is the fair value of ¥8.74 (as of Oct 26, 2026) from 6 valuation models. Cautious scenario ¥8.00, optimistic scenario ¥9.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Harson Trading China Co Ltd stock forecast for 2026?
Our models put fair value at ¥8.74, about −48% upside versus a price of ¥16.69 (overvalued). Cautious scenario ¥8.00, optimistic scenario ¥9.34. The calculation is refreshed regularly with new filings.
What is the revenue of Harson Trading China Co Ltd (603958)?
Harson Trading China Co Ltd reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Oct 26, 2026).
Does Harson Trading China Co Ltd pay a dividend?
Harson Trading China Co Ltd currently shows a dividend yield of 0.18% relative to its recent price (as of Oct 26, 2026).
What is the intrinsic value of Harson Trading China Co Ltd (603958)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Harson Trading China Co Ltd it is ¥8.74 per share (as of Oct 26, 2026), against a price of ¥16.69. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Harson Trading China Co Ltd stock overvalued or undervalued in 2026?
As of Oct 26, 2026, 603958 trades above its calculated fair value: price ¥16.69, fair value ¥8.74, a gap of about −48% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603958?
No. The price is what the market pays today (¥16.69); the fair value is what the company's own numbers justify (¥8.74). For Harson Trading China Co Ltd the two are ¥7.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Harson Trading China Co Ltd worth?
The market values Harson Trading China Co Ltd at about 3.7B CNY (market capitalisation, as of Oct 26, 2026). Per share that is ¥16.69; our models calculate a fair value of ¥8.74 per share.
What do the bullish and bearish scenarios say about 603958?
Our models span a range for Harson Trading China Co Ltd: cautious scenario ¥8.00, base ¥8.74, optimistic ¥9.34 per share (as of Oct 26, 2026, price ¥16.69). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Harson Trading China Co Ltd (603958)?
Balance-sheet figures for Harson Trading China Co Ltd (as of Oct 26, 2026): return on equity 0.1%, debt of 0.15 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 603958 from its 52-week high?
Harson Trading China Co Ltd trades at ¥16.69, about 38% below its 52-week high of ¥27.10 and 33% above the low of ¥12.52 (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.74 is for.
Which stocks are comparable to Harson Trading China Co Ltd?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, On Holding, Deckers Outdoor Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Harson Trading China Co Ltd stock attractive at the current price?
The data as of Oct 26, 2026: price ¥16.69, calculated fair value ¥8.74 (−48%), Quality Score 50/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603958 calculated?
We run Harson Trading China Co Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥8.74, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.7 % above its aggregate fair value. Harson Trading China Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Harson Trading China Co Ltd (603958)?
The closing price on Oct 26, 2026 was ¥16.69. Our model-based fair value is ¥8.74, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Harson Trading China Co Ltd right now?
The price sits above even our optimistic bull case (¥9.34). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Harson Trading China Co Ltd
How large is the market capitalisation of Harson Trading China Co Ltd (603958)?
The market capitalisation of Harson Trading China Co Ltd is 3.7B CNY (≈ $550M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Harson Trading China Co Ltd (603958)?
The price-to-sales ratio of Harson Trading China Co Ltd is 2.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Harson Trading China Co Ltd (603958)?
Earnings per share at Harson Trading China Co Ltd are ¥−0.1100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Harson Trading China Co Ltd (603958)?
The dividend yield of Harson Trading China Co Ltd is 0.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Harson Trading China Co Ltd (603958)?
The net margin of Harson Trading China Co Ltd is −1.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Harson Trading China Co Ltd (603958)?
The return on equity (ROE) of Harson Trading China Co Ltd is 0.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Harson Trading China Co Ltd (603958)?
On an EBIT basis the return on assets of Harson Trading China Co Ltd is −3.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Harson Trading China Co Ltd (603958)?
The operating margin of Harson Trading China Co Ltd is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Harson Trading China Co Ltd (603958)?
Revenue at Harson Trading China Co Ltd is growing +18.3% versus a year earlier (3y avg +24.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Harson Trading China Co Ltd (603958)?
Earnings per share at Harson Trading China Co Ltd are growing +212% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Harson Trading China Co Ltd (603958) generate?
The free cash flow of Harson Trading China Co Ltd is −55.0M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Harson Trading China Co Ltd (603958) carry?
The net debt of Harson Trading China Co Ltd is 91.9M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 26, 2026