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West Shanghai Automotive Service Co (605151) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.6B CNY

WS West Shanghai Automotive Service Co 605151 · SHG
Price¥18.53
Fair Value¥17.62
Upside-4.9%
Quality53/100
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Mixed Growth
Thin margins · 1.1% net margin
Low debt · generates free cash flow
Trails peers (4/14)
Narrow moat 31/100
Evidence: Medium Range ¥13.30 – ¥21.92 Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥12.72 to ¥17.62 (+38.5%) since Jun 24, 2026. Share price +0.7% over the past month.

A solid business, 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 ¥13.30 (bear) to ¥21.92 (bull), base ¥17.62. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥25.19 ¥12.47 Fair Value ¥17.62 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 ¥12.47 – ¥25.19 · fair‑value band ¥13.30 – ¥21.92 · the ¥18.53 price screens above the ¥17.62 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

West Shanghai Automotive Service Co (605151) currently trades at ¥18.53, while our model-based Fair Value estimate is ¥17.62, implying the stock looks roughly 4.9% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, West Shanghai Automotive Service Co generated revenue of 1.9B CNY at a net margin of 1.1%. Revenue grew 18.9% year over year. It earns a return on equity of 3.4%. The balance sheet holds a net cash position of 27.0M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥13.30 (bear case) to ¥21.92 (bull case); at ¥18.53, 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 30% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -5%, 605151 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 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. Evidence
Highest evidence
Growth DCF ¥11.84 ¥16.37 ¥22.51 80
Rev-Margin DCF ¥7.77 ¥10.54 ¥13.72 74
ROIC Compounder ¥3.82 ¥4.21 ¥4.54 72
All 16 models by family
DCF Models
FCF DCF ¥11.67 ¥16.75 ¥24.08 38
Owner Earnings ¥4.23 ¥5.62 ¥7.64 31
5Y Revenue Exit ¥7.77 ¥10.40 ¥13.61 39
5Y EBITDA Exit ¥10.43 ¥15.31 ¥20.88 41
10Y Revenue Exit ¥9.02 ¥11.71 ¥15.05 36
10Y EBITDA Exit ¥10.80 ¥15.01 ¥20.40 37
Earnings-Based
EPV ¥3.82 ¥4.21 ¥4.54 59
Dividend Discount
Gordon GGM ¥2.65 ¥5.28 ¥8.00 70
DDM Multi-Stage ¥2.65 ¥4.19 ¥5.58 61
Multiples
EV/EBIT ¥7.86 ¥10.01 ¥12.16 53
EV/EBITDA ¥10.80 ¥13.93 ¥17.05 54
EV/Revenue ¥5.76 ¥7.62 ¥9.49 43
Asset-Based
NCAV (Graham) ¥5.04 ¥6.75 ¥10.07 50
Growth DCF
Growth DCF ¥11.84 ¥16.37 ¥22.51 80
Rev-Margin DCF ¥7.77 ¥10.54 ¥13.72 74
Economic Profit
ROIC Compounder ¥3.82 ¥4.21 ¥4.54 72

Widest divergence: DCF Models (¥11.71) versus Dividend Discount (¥4.19). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.9B CNY
Revenue growth (YoY) +18.9%
Net margin 1.1%
Return on equity 3.4%
Free cash flow 130M CNY FY2025
P/E ratio 119.8
More key figures
Operating margin 8.1%
EPS (TTM) ¥0.1600
EPS growth (YoY) +32.8%
Net cash 27.0M CNY FY2024

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 44

Profitability 20
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 80
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

West Shanghai Automotive Service Co.,Ltd., together with its subsidiaries, engages in the provision of auto parts manufacturing and automotive logistics services in China.

Full company description

West Shanghai Automotive Service Co.,Ltd., together with its subsidiaries, engages in the provision of auto parts manufacturing and automotive logistics services in China. The company manufactures cladding parts, such as center consoles, instrument panels, door armrests, and seats with fabrics; coating parts, including spray on the exterior of grilles, door trims, instrument panels, etc.; and automotive interior covering, seat cover sewing, and automotive injection molding parts. It also provides vehicle logistics services, including vehicle storage, off-ground lighterage, PDI testing, and VPC services. In addition, the company offers vehicle warehousing and operation services, auto parts warehousing and operation services, parts transportation services, and vehicle transportation services. Further, it provides integrated planning, implementation, and logistics supply chain management services. West Shanghai Automotive Service Co.,Ltd. was founded in 2002 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

West Shanghai Automotive Service Co reported revenue of ¥1.8B in FY2025 versus ¥1.1B in FY2021, a compound +14.4%/yr. Reported net income was −¥7.3M in FY2025.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
+13.0%
Avg. growth/yr (3Y) 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.
+13.8%
Avg. growth/yr (5Y) 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.
+9.4%
Avg. growth/yr (12Y) 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.
+5.3%
Revenue +14.4%/yr
FY21 ¥1.1B
FY22 ¥1.2B
FY23 ¥1.3B
FY24 ¥1.6B
FY25 ¥1.8B
Net income
FY21 ¥103M
FY22 ¥116M
FY23 ¥121M
FY24 ¥35.0M
FY25 −¥7.3M
Character of growth · EPS growth decomposed (2013-2024) +0.4 % p.a.
Revenue per share −0.5 pp

of which total revenue +2.8 pp · buybacks/dilution −3.3 pp

EBIT margin −0.9 pp
Tax rate +1.6 pp
Residual (interest, one-offs) +0.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "West Shanghai Automotive Service Co Fair Value". https://www.fairvalue-calculator.com/stock/605151

Peer Group

Auto Parts · 642 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 53 · Above median
Fair Value upside −5% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 119.8× · Pricier than 75% of peers
P/B 1.90× · Pricier than median
P/S (TTM) 1.36× · Pricier than median
P/FCF 2.9× · Pricier than median
EV/EBITDA 16.7× · 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 27 · sector 16
FUTURE 95 · sector 23
PAST 14 · sector 26
HEALTH 94 · sector 95
DIVIDEND 0 · sector 30

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

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is West Shanghai Automotive Service Co (605151) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥17.62 versus a price of ¥18.53, about −5% (fairly valued).
What is the fair value of 605151?
Our model-based fair value for West Shanghai Automotive Service Co is ¥17.62 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥18.53.
What is the quality score of 605151?
West Shanghai Automotive Service Co has a Quality Score of 53/100. 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 West Shanghai Automotive Service Co (605151)?
West Shanghai Automotive Service Co reported trailing-twelve-month revenue of about 1.9B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 605151?
The net profit margin of West Shanghai Automotive Service Co is about 1.1%, meaning it keeps roughly 1.1% 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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