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Nanjing Chervon Auto Precision Technology Co Ltd (603982) fair value: what the stock is really worth

As of Oct 9, 2026: fair value of Nanjing Chervon Auto Precision Technology Co Ltd ¥8.53, price ¥6.63, upside +28.7%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

Fair value above price? Yes
Good quality? No
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Consumer Cyclical · CN · ISIN CNE100003LD0

NC Thin data Oct 2, 2026

Nanjing Chervon Auto Precision Technology Co Ltd

603982 · SHG

SpeculativeUpside exists, but weak quality makes the signal speculative.

Fair value ¥8.53 · Undervalued (+28.7%)

Expensive Growth (revenue 5y +13.7 %/yr in CNY)

Moderate debt

Quality 30/100

Loss-making · -13.3% net margin (TTM)

Negative free cash flow

Trails peers (4/12)

Narrow moat 8/100

Thin data

⟳ Cyclical⚠ Dilution

26 models, one by oneBear ¥4.57 to bull ¥12.12 Growth analysisrevenue history, year by year Quality 30/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

Watch Nanjing Chervon Auto Precision Technology Co Ltd for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

60‑month range ¥5.16 – ¥51.14 · fair‑value band ¥4.57 – ¥12.12 · the ¥6.63 price screens below the ¥8.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.

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Company profile

Nanjing Chervon Auto Precision Technology Co., Ltd. engages in the research and development, production, and sale of automotive components for use in middle and high-end cars in China and internationally. It offers engine components, including sprocket, throttle body, turbo housing, and EGR housing; transmission products comprising transfer case housing, ring gear, spline shaft, gear, and valve body products; and e-mobility products, such as motor shaft and housing, gear box housing, monoblock, inverter housing, radiator, batholith, and cooler assembly products. The company also provides steering and brake parts, including worm shaft, pinion, and steering nuts; heat exchange products comprising end cover, cylinder block, and compressor housing; dual clutch transmission products; hydraulic retarders; engine emission control devices; and motor management systems, as well as components for household appliances. In addition, it is involved in the design and manufacture of precision molds, and fixtures and inspection tools for automobiles and motorcycles. The company was founded in 2012 and is based in Nanjing, China.

Stock analysis

Nanjing Chervon Auto Precision Technology Co Ltd (603982) currently trades at ¥6.63, while our model-based Fair Value estimate is ¥8.53, implying the stock looks roughly 22.3% undervalued today.

Valuation

Bull case: the Dividend Discount group reads highest at a median of ¥4.23 per share, and 0 of the 4 models we run sit above the ¥6.63 price.

Bear case: the Asset-Based group reads lowest at ¥4.12, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥4.57 (bear) to ¥12.12 (bull), the price of ¥6.63 sits inside 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 30/100 (below-average quality), in the Consumer Cyclical sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Nanjing Chervon Auto Precision Technology Co Ltd reported revenue of 2.6B CNY in FY2025 versus 1.6B CNY in FY2021, a compound +13.0%/yr. Reported net income was −327M CNY in FY2025.

Key figures

Market cap 2.4B CNY (≈ $362M) · P/S ratio 0.96 · EPS (TTM) ¥−0.8800 · Dividend yield 4.9% · Net margin −12.4% · Return on equity −17.7% · Return on assets (EBIT) −4.0% · Operating margin −10.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at 29%, 603982 screens cheaper than that median.

Fair Value models

Bear ¥4.57 Fair Value ¥8.53 Bull ¥12.12

Price ¥6.63 · Upside +28.7%

Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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. Evidence ⓘEvidence = 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.

Highest evidence

Gordon GGM ¥2.57 ¥4.63 ¥6.38 68

DDM Multi-Stage ¥2.57 ¥4.23 ¥4.95 67

EV/EBITDA n/a ¥0.7000 ¥1.82 62

All 4 models by family

Dividend Discount

Gordon GGM ¥2.57 ¥4.63 ¥6.38 68

DDM Multi-Stage ¥2.57 ¥4.23 ¥4.95 67

Multiples

EV/EBITDA n/a ¥0.7000 ¥1.82 62

Asset-Based

NCAV (Graham) ¥3.07 ¥4.12 ¥6.15 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 30/100

Of which business quality 29 · Market factors (momentum, volatility) 41

Profitability 5

Margins and returns on capital today

Quality Growth 83

Are margins and returns improving?

Cashflow 7

Earnings quality: real cash, not paper profit

Fin. Strength 26

Balance sheet, leverage, solvency risk

Investment 87

Disciplined investing over empire-building

Low Volatility 83

Calm price path (market factor)

Momentum 29

Price trend over the last 3–12 months (market factor)

52W Momentum 16

Distance to the 52-week high (market factor)

Net Issuance 0

Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 44/100

The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Revenue growth 1 year

+14.3%

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.

+14.7%

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.

+13.7%

Start year 2020 (pandemic). Over 10 years: +16.1% a year

Revenue growth 11 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.

+16.0%

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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.

9.6% (2020) → −8.5% (2025)

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

not computed

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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.Auto Parts · 659 stocks

Beats the industry median on 4/11 measures

Overall it trails its industry peers.

Valuation

Quality Score 30 · Bottom 25%

Fair Value upside +28.7% · Above median

Profitability

Return on assets −2.5% · Bottom 25%

Net margin (TTM) −13.3% · Bottom 25%

Operating margin (TTM) −10.2% · Bottom 25%

Growth and dividend

Revenue growth 4.7% · Below median

Dividend yield (TTM) 4.9% · Top 25%

Balance sheet

Debt / equity 0.85× · Highest 25%

Valuation Multiplesvs Auto Parts median · lower = cheaper

P/B 0.16× · Cheapest 25%

P/S (TTM) 0.14× · Cheapest 25%

EV/EBITDA 20.4× · Priciest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)72 · sector 25

FUTURE (revenue growth)24 · sector 30

PAST (return on equity)0 · sector 30

HEALTH (low debt)57 · sector 95

DIVIDEND (yield)98 · sector 38

Context: sector, industry, market

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 Auto Parts stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value	Compare
Hyundai Mobis Co 012330	359,000 KRW	638,183 KRW	+78%	vs 603982
Fuyao Glass Industry Group 600660	¥52.47	¥78.11	+49%	vs 603982
Magna International Inc MGA	$63.82	$69.37	+9%	vs 603982
AutoZone, Inc AZO	$2,846	$2,468	−13%	vs 603982
Knorr-Bremse AG KBX	€99.85	€72.88	−27%	vs 603982
Ningbo Tuopu Group 601689	¥46.44	¥28.28	−39%	vs 603982
Samvardhana Motherson International Limited MOTHERSON	₹165.71	₹96.97	−41%	vs 603982
O'Reilly Automotive, Inc ORLY	$84.90	$49.20	−42%	vs 603982
Bosch Limited BOSCHLTD	₹48,250	₹25,213	−48%	vs 603982
Genuine Parts Company GPC	$127.24	$57.98	−54%	vs 603982

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Nanjing Chervon Auto Precision Technology Co Ltd · Fair Value
¥8.53 +22%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/603982" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Nanjing Chervon Auto Precision Technology Co Ltd · Fair Value</span><br><b style="font-size:20px">¥8.53</b> <span style="color:var(--fvc-g-mitte);font-weight:700;font-size:14px">+22%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Nanjing Chervon Auto Precision Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603982

Frequently asked questions

Is Nanjing Chervon Auto Precision Technology Co Ltd (603982) overvalued or undervalued?

As of Oct 2, 2026, our model estimates a fair value of ¥8.53 versus a price of ¥6.63, about +29% upside (undervalued).

What is the fair value of 603982?

Our model-based fair value for Nanjing Chervon Auto Precision Technology Co Ltd is ¥8.53 (as of Oct 2, 2026), built from audited fundamentals. The current price: ¥6.63.

What is the quality score of 603982?

Nanjing Chervon Auto Precision Technology Co Ltd has a Quality Score of 30/100. 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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

Our model-based price target is the fair value of ¥8.53 (as of Oct 2, 2026) from 4 valuation models. Cautious scenario ¥4.57, optimistic scenario ¥12.12. It is a calculation from audited fundamentals, not an analyst target.

What is the Nanjing Chervon Auto Precision Technology Co Ltd stock forecast for 2026?

Our models put fair value at ¥8.53, about +29% upside versus a price of ¥6.63 (undervalued). Cautious scenario ¥4.57, optimistic scenario ¥12.12. The calculation is refreshed regularly with new filings.

What is the revenue of Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

Nanjing Chervon Auto Precision Technology Co Ltd reported trailing-twelve-month revenue of about 2.6B CNY (latest available figure, as of Oct 2, 2026).

Does Nanjing Chervon Auto Precision Technology Co Ltd pay a dividend?

Nanjing Chervon Auto Precision Technology Co Ltd currently shows a dividend yield of about 4.89% relative to its recent price (as of Oct 2, 2026).

What is the intrinsic value of Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nanjing Chervon Auto Precision Technology Co Ltd it is ¥8.53 per share (as of Oct 2, 2026), against a price of ¥6.63. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).

Is Nanjing Chervon Auto Precision Technology Co Ltd stock overvalued or undervalued in 2026?

As of Oct 2, 2026, 603982 trades below its calculated fair value: price ¥6.63, fair value ¥8.53, a gap of about +29% (undervalued). 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 603982?

No. The price is what the market pays today (¥6.63); the fair value is what the company's own numbers justify (¥8.53). For Nanjing Chervon Auto Precision Technology Co Ltd the two are ¥1.90 per share apart. That gap is exactly why we show both numbers side by side.

How much is Nanjing Chervon Auto Precision Technology Co Ltd worth?

The market values Nanjing Chervon Auto Precision Technology Co Ltd at about 2.4B CNY (market capitalisation, as of Oct 2, 2026). Per share that is ¥6.63; our models calculate a fair value of ¥8.53 per share.

What do the bullish and bearish scenarios say about 603982?

Our models span a range for Nanjing Chervon Auto Precision Technology Co Ltd: cautious scenario ¥4.57, base ¥8.53, optimistic ¥12.12 per share (as of Oct 2, 2026, price ¥6.63). The range comes from different growth and margin assumptions, not from analyst opinions.

How solid is the balance sheet of Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

Balance-sheet figures for Nanjing Chervon Auto Precision Technology Co Ltd (as of Oct 2, 2026): return on equity −17.7%, debt of 0.85 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.

How far is 603982 from its 52-week high?

Nanjing Chervon Auto Precision Technology Co Ltd trades at ¥6.63, about 31% below its 52-week high of ¥9.60 and 28% above the low of ¥5.16 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.53 is for.

Which stocks are comparable to Nanjing Chervon Auto Precision Technology Co Ltd?

From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Nanjing Chervon Auto Precision Technology Co Ltd stock attractive at the current price?

The data as of Oct 2, 2026: price ¥6.63, calculated fair value ¥8.53 (+29%), Quality Score 30/100, from 4 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 603982 calculated?

We run Nanjing Chervon Auto Precision Technology Co Ltd through 4 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 ¥8.53, 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 14.6 % above its aggregate fair value. Nanjing Chervon Auto Precision Technology Co Ltd currently trades 22 % below its own fair value, and the market average says nothing about that. 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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

The closing price on Oct 9, 2026 was ¥6.63. Our model-based fair value is ¥8.53, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Nanjing Chervon Auto Precision Technology Co Ltd right now?

The model range is unusually wide (¥4.57 to ¥12.12). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Nanjing Chervon Auto Precision Technology Co Ltd

How large is the market capitalisation of Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

The market capitalisation of Nanjing Chervon Auto Precision Technology Co Ltd is 2.4B CNY (≈ $362M). 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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

The price-to-sales ratio of Nanjing Chervon Auto Precision Technology Co Ltd is 0.96 (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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

Earnings per share at Nanjing Chervon Auto Precision Technology Co Ltd are ¥−0.8800. Earnings per share over the last twelve months: total profit spread across every single share.

What is the dividend yield of Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

The dividend yield of Nanjing Chervon Auto Precision Technology Co Ltd is 4.9%. 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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

The net margin of Nanjing Chervon Auto Precision Technology Co Ltd is −12.4% (fiscal year 2025). 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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

The return on equity (ROE) of Nanjing Chervon Auto Precision Technology Co Ltd is −17.7% (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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

On an EBIT basis the return on assets of Nanjing Chervon Auto Precision Technology Co Ltd is −4.0% (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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

The operating margin of Nanjing Chervon Auto Precision Technology Co Ltd is −10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

Revenue at Nanjing Chervon Auto Precision Technology Co Ltd is growing +4.7% versus a year earlier (3y avg +14.7%). 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 Nanjing Chervon Auto Precision Technology Co Ltd (603982)?

Earnings per share at Nanjing Chervon Auto Precision Technology Co Ltd are growing −62.5% versus a year earlier. How much earnings per share grew versus a year earlier.

How much free cash flow does Nanjing Chervon Auto Precision Technology Co Ltd (603982) generate?

The free cash flow of Nanjing Chervon Auto Precision Technology Co Ltd is −131M 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 Nanjing Chervon Auto Precision Technology Co Ltd (603982) carry?

The net debt of Nanjing Chervon Auto Precision Technology Co Ltd is 2.4B 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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