Mingxin Automotive Leather Co. Ltd. (605068) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Mingxin Automotive Leather Co. Ltd. ¥4.30, price ¥20.80, upside -79.3%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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.
Weakest SetupStrongly overvalued and low quality.
!Fair value ¥4.30 · Strongly overvalued (−79.3%)
!Quality 49/100
!Expensive Growth(revenue 5y +12.9 %/yr)
!Loss over the last twelve months · -0.7% net margin (TTM) · fiscal year 2025 1.0%
!Low debt · negative free cash flow
!0.2% dividend yield · Token dividend
!Trails peers(4/12)
!Narrow moat22/100
!Evidence only low, so the estimate is less certain
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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 Sep 27, 2026.
How to read this chart
60‑month range ¥11.25 – ¥38.59 · fair‑value band ¥3.02 – ¥5.60 · the ¥20.80 price screens above the ¥4.30 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Mingxin New Material Co.,Ltd. engages in the research, development, production and sales of automotive interior materials in China. The company offers Verona microfiber, Menocra microfiber, Mingxin leather, and Hurongo PU materials used in seats, steering wheels, dashboards, headrests, armrests, ceilings, etc.
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Mingxin New Material Co.,Ltd. engages in the research, development, production and sales of automotive interior materials in China. The company offers Verona microfiber, Menocra microfiber, Mingxin leather, and Hurongo PU materials used in seats, steering wheels, dashboards, headrests, armrests, ceilings, etc. The company was formerly known as Mingxin Automotive Leather Co., Ltd. and changed its name to Mingxin New Material Co.,Ltd. in January 2016. The company was founded in 2005 and is headquartered in Jiaxing, China.
Stock analysis
Mingxin Automotive Leather Co. Ltd. (605068) currently trades at ¥20.80, while our model-based Fair Value estimate is ¥4.30, implying the stock looks roughly 383.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥7.42 per share, and 0 of the 13 models we run sit above the ¥20.80 price.
Bear case: the Dividend Discount group reads lowest at ¥1.18, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥3.02 (bear) to ¥5.60 (bull), the price of ¥20.80 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 49/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mingxin Automotive Leather Co. Ltd. reported revenue of 1.5B CNY in FY2025 versus 821M CNY in FY2021, a compound +15.9%/yr. Reported net income was 14.8M CNY in FY2025, compounding −45.1%/yr from FY2021.
Key figures
Market cap 3.4B CNY (≈ $503M) · P/S ratio 2.28 · EPS (TTM) ¥−0.0700 · Dividend yield 0.2% · Net margin 1.0% · Return on equity −0.7% · Return on assets (EBIT) 1.0% · Operating margin 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 52% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −32% fair-value upside, at −79%, 605068 screens richer than that median.
Fair Value models
Bear ¥3.02Fair Value ¥4.30Bull ¥5.60
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.
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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.8%
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.
+20.1%
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.
+12.9%
Start year 2020 (pandemic)
Revenue growth 9 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.
+13.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−42.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−42.4%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−42.4% vs −16.6%, slowing
Profit margin 2020 to 2025 ⓘ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.32% → −2%
Compare Mingxin Automotive Leather 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.Auto Parts · 683 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−79.3% · Bottom 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)−0.7% · Bottom 25%
Operating margin (TTM)1.3% · Bottom 25%
Growth and dividend
Revenue growth7.4% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.38× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/B0.29× · Cheapest 25%
P/S (TTM)0.33× · Cheapest 25%
EV/EBITDA8.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)37· sector 18
PAST (return on equity)0· sector 29
HEALTH (low debt)81· sector 95
DIVIDEND (yield)4· sector 38
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.
Is Mingxin Automotive Leather Co. Ltd. (605068) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ¥4.30 versus a price of ¥20.80, about −79% upside (overvalued).
What is the fair value of 605068?
Our model-based fair value for Mingxin Automotive Leather Co. Ltd. is ¥4.30 (as of Sep 27, 2026), built from audited fundamentals. The current price: ¥20.80.
What is the quality score of 605068?
Mingxin Automotive Leather Co. Ltd. has a Quality Score of 49/100. 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 Mingxin Automotive Leather Co. Ltd. (605068)?
Our model-based price target is the fair value of ¥4.30 (as of Sep 27, 2026) from 13 valuation models. Cautious scenario ¥3.02, optimistic scenario ¥5.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Mingxin Automotive Leather Co. Ltd. stock forecast for 2026?
Our models put fair value at ¥4.30, about −79% upside versus a price of ¥20.80 (overvalued). Cautious scenario ¥3.02, optimistic scenario ¥5.60. The calculation is refreshed regularly with new filings.
What is the revenue of Mingxin Automotive Leather Co. Ltd. (605068)?
Mingxin Automotive Leather Co. Ltd. reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Sep 27, 2026).
Does Mingxin Automotive Leather Co. Ltd. pay a dividend?
Mingxin Automotive Leather Co. Ltd. currently shows a dividend yield of about 0.19% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Mingxin Automotive Leather Co. Ltd. (605068)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mingxin Automotive Leather Co. Ltd. it is ¥4.30 per share (as of Sep 27, 2026), against a price of ¥20.80. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Mingxin Automotive Leather Co. Ltd. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 605068 trades above its calculated fair value: price ¥20.80, fair value ¥4.30, a gap of about −79% (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 605068?
No. The price is what the market pays today (¥20.80); the fair value is what the company's own numbers justify (¥4.30). For Mingxin Automotive Leather Co. Ltd. the two are ¥16.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mingxin Automotive Leather Co. Ltd. worth?
The market values Mingxin Automotive Leather Co. Ltd. at about 3.4B CNY (market capitalisation, as of Sep 27, 2026). Per share that is ¥20.80; our models calculate a fair value of ¥4.30 per share.
What do the bullish and bearish scenarios say about 605068?
Our models span a range for Mingxin Automotive Leather Co. Ltd.: cautious scenario ¥3.02, base ¥4.30, optimistic ¥5.60 per share (as of Sep 27, 2026, price ¥20.80). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mingxin Automotive Leather Co. Ltd. (605068)?
Balance-sheet figures for Mingxin Automotive Leather Co. Ltd. (as of Sep 27, 2026): return on equity −0.7%, debt of 0.38 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 605068 from its 52-week high?
Mingxin Automotive Leather Co. Ltd. trades at ¥20.80, about 36% below its 52-week high of ¥32.52 and 52% above the low of ¥13.70 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.30 is for.
Which stocks are comparable to Mingxin Automotive Leather 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 Mingxin Automotive Leather Co. Ltd. stock attractive at the current price?
The data as of Sep 27, 2026: price ¥20.80, calculated fair value ¥4.30 (−79%), Quality Score 49/100, from 13 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 605068 calculated?
We run Mingxin Automotive Leather Co. Ltd. through 13 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 ¥4.30, 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 16.1 % above its aggregate fair value. Mingxin Automotive Leather 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 Mingxin Automotive Leather Co. Ltd. (605068)?
The closing price on Sep 24, 2026 was ¥20.80. Our model-based fair value is ¥4.30, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mingxin Automotive Leather Co. Ltd. right now?
The price sits above even our optimistic bull case (¥5.60). 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 (49/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥3.02 to ¥5.60) leaves room in how you read the outcome.
Key figures of Mingxin Automotive Leather Co. Ltd.
How large is the market capitalisation of Mingxin Automotive Leather Co. Ltd. (605068)?
The market capitalisation of Mingxin Automotive Leather Co. Ltd. is 3.4B CNY (≈ $503M). 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 Mingxin Automotive Leather Co. Ltd. (605068)?
The price-to-sales ratio of Mingxin Automotive Leather Co. Ltd. is 2.28 (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 Mingxin Automotive Leather Co. Ltd. (605068)?
Earnings per share at Mingxin Automotive Leather Co. Ltd. are ¥−0.0700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mingxin Automotive Leather Co. Ltd. (605068)?
The dividend yield of Mingxin Automotive Leather 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 Mingxin Automotive Leather Co. Ltd. (605068)?
The net margin of Mingxin Automotive Leather Co. Ltd. is 1.0% (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 Mingxin Automotive Leather Co. Ltd. (605068)?
The return on equity (ROE) of Mingxin Automotive Leather Co. Ltd. is −0.7% (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 Mingxin Automotive Leather Co. Ltd. (605068)?
On an EBIT basis the return on assets of Mingxin Automotive Leather Co. Ltd. is 1.0% (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 Mingxin Automotive Leather Co. Ltd. (605068)?
The operating margin of Mingxin Automotive Leather Co. Ltd. is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mingxin Automotive Leather Co. Ltd. (605068)?
Revenue at Mingxin Automotive Leather Co. Ltd. is growing +7.4% versus a year earlier (3y avg +20.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Mingxin Automotive Leather Co. Ltd. (605068) generate?
The free cash flow of Mingxin Automotive Leather Co. Ltd. is −64.8M 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 Mingxin Automotive Leather Co. Ltd. (605068) carry?
The net debt of Mingxin Automotive Leather Co. Ltd. is 978M 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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