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Eurocrane (China) Co (603966) Fair Value & Analysis

Industrials · CN · Market cap 4.9B CNY

EC Eurocrane (China) Co 603966 · SHG
Price¥7.92
Fair Value¥6.74
Upside-14.9%
Quality47/100
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Healthy Growth
Thin margins · 9.6% net margin
Low debt · generates free cash flow
2.38% dividend yield
Ranks above peers (12/14)
Moderate moat 51/100
Evidence: High Range ¥5.02 – ¥8.46 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price −5.9% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥5.02 (bear) to ¥8.46 (bull), base ¥6.74. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 47/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥14.47 ¥5.83 Fair Value ¥6.74 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 ¥5.83 – ¥14.47 · fair‑value band ¥5.02 – ¥8.46 · the ¥7.92 price screens above the ¥6.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Eurocrane (China) Co (603966) currently trades at ¥7.92, while our model-based Fair Value estimate is ¥6.74, implying the stock looks roughly 14.9% overvalued today. The Quality Score stands at 47/100 (below-average 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, Eurocrane (China) Co generated revenue of 2.7B CNY at a net margin of 9.6%. Revenue grew 57.9% year over year. It earns a return on equity of 13.6%. Net debt stands at 74.0M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥5.02 (bear case) to ¥8.46 (bull case); at ¥7.92, 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 47% 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 -15%, 603966 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 ¥8.92 ¥16.33 ¥27.30 80
Residual Income ¥3.59 ¥4.06 ¥6.87 76
Rev-Margin DCF ¥6.57 ¥10.74 ¥16.44 74
All 26 models by family
DCF Models
FCF DCF ¥9.12 ¥16.25 ¥30.76 38
Owner Earnings ¥5.29 ¥9.44 ¥16.93 31
5Y Revenue Exit ¥6.57 ¥10.84 ¥16.72 39
5Y EBITDA Exit ¥7.34 ¥12.51 ¥19.17 41
5Y P/E Exit ¥8.01 ¥13.97 ¥21.06 38
10Y Revenue Exit ¥7.20 ¥11.62 ¥18.67 36
10Y EBITDA Exit ¥7.87 ¥12.86 ¥20.79 37
10Y P/E Exit ¥8.31 ¥13.94 ¥22.42 35
Earnings-Based
Graham-Dodd ¥3.07 ¥16.98 ¥23.57 54
Lynch FV ¥4.74 ¥6.77 ¥8.80 50
PEG = 1.0 ¥4.74 ¥6.77 ¥8.80 46
EPV ¥4.79 ¥5.42 ¥5.96 59
Dividend Discount
Gordon GGM ¥1.79 ¥3.56 ¥5.39 70
DDM Multi-Stage ¥1.79 ¥3.08 ¥3.76 61
Multiples
P/E Multiple ¥7.10 ¥9.47 ¥11.83 63
P/S Multiple ¥5.75 ¥7.66 ¥9.58 58
P/B Multiple ¥5.75 ¥7.66 ¥9.58 55
EV/EBIT ¥7.17 ¥9.29 ¥11.41 53
EV/EBITDA ¥6.87 ¥8.89 ¥10.91 54
EV/Revenue ¥5.35 ¥7.30 ¥9.24 43
Asset-Based
NCAV (Graham) ¥2.00 ¥2.68 ¥4.00 50
Growth DCF
Growth DCF ¥8.92 ¥16.33 ¥27.30 80
Rev-Margin DCF ¥6.57 ¥10.74 ¥16.44 74
Economic Profit
Residual Income ¥3.59 ¥4.06 ¥6.87 76
ROIC Compounder ¥5.24 ¥7.02 ¥8.97 72
Growth Earnings
Growth-Adj P/E ¥7.14 ¥10.20 ¥13.26 68

Widest divergence: DCF Models (¥12.51) versus Asset-Based (¥2.68). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.7B CNY
Revenue growth (YoY) +57.9%
Net margin 9.6%
Return on equity 13.6%
Free cash flow 328M CNY FY2025
P/E ratio 19.0
More key figures
Operating margin 11.7%
EPS (TTM) ¥0.4900
Dividend yield 2.4%
EPS growth (YoY) +44.5%
Net debt 74.0M CNY FY2024

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 25

Profitability 39
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 0
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

Eurocrane (China) Co., Ltd. research, develops, manufactures, sells, and services intelligent material handling solutions in China and internationally. It offers overhead, gantry, jib, flexible girder, special, clean room, European, and explosion-proof cranes; and electric hoists, transmission equipment, and engineering machinery components.

Full company description

Eurocrane (China) Co., Ltd. research, develops, manufactures, sells, and services intelligent material handling solutions in China and internationally. It offers overhead, gantry, jib, flexible girder, special, clean room, European, and explosion-proof cranes; and electric hoists, transmission equipment, and engineering machinery components. The company also provides equipment installation, emergency repair and maintenance, inspection, intelligent upgrading and transformation, and training services, as well as spare parts. Its products are used in the equipment manufacturing, transportation and logistics, paper making/pulp, industrial, engineering machinery, nuclear energy, wind power, automobile and ship, aerospace, military, food/pharmaceutical, tunnel shield, waste disposal, machinery, metallurgical, petrochemical, mining, and other fields. Eurocrane (China) Co., Ltd. was founded in 2002 and is headquartered in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eurocrane (China) Co reported revenue of ¥2.4B in FY2025 versus ¥1.6B in FY2021, a compound +11.2%/yr. Reported net income was ¥235M in FY2025, compounding +6.1%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.4B CNY
Latest YoY
+14.0%
Avg. growth/yr (3Y)
+9.1%
Avg. growth/yr (5Y)
+14.0%
Avg. growth/yr (14Y)
+14.9%
Revenue +11.2%/yr
FY21 ¥1.6B
FY22 ¥1.9B
FY23 ¥2.0B
FY24 ¥2.1B
FY25 ¥2.4B
Net income +6.1%/yr
FY21 ¥185M
FY22 ¥203M
FY23 ¥163M
FY24 ¥167M
FY25 ¥235M

603966 screens 15% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Eurocrane (China) Co Fair Value". https://www.fairvalue-calculator.com/stock/603966

Peer Group

Specialty Industrial Machinery · 809 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 47 · Below median
Fair Value upside −15% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 58% · Top 25%
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 19.0× · Cheaper than 75% of peers
P/B 2.33× · Pricier than median
P/S (TTM) 1.82× · Cheaper than median
P/FCF 2.2× · Cheaper than median
EV/EBITDA 13.4× · Cheaper 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 13 · sector 0
FUTURE 100 · sector 23
PAST 54 · sector 28
HEALTH 98 · sector 96
DIVIDEND 48 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Eurocrane (China) Co (603966) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥6.74 versus a price of ¥7.92, about −15% (overvalued).
What is the fair value of 603966?
Our model-based fair value for Eurocrane (China) Co is ¥6.74 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥7.92.
What is the quality score of 603966?
Eurocrane (China) Co has a Quality Score of 47/100. 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 Eurocrane (China) Co (603966)?
Eurocrane (China) Co reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603966?
The net profit margin of Eurocrane (China) Co is about 9.6%, meaning it keeps roughly 9.6% of revenue as net income. Based on the latest reported figures.
Does Eurocrane (China) Co pay a dividend?
Eurocrane (China) Co currently shows a dividend yield of about 2.38% relative to its recent price (as of Jul 12, 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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