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Zhuzhou CRRC Times Electric Co Ltd (688187) fair value: what the stock is really worth

We calculate from audited financials what Zhuzhou CRRC Times Electric Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Industrials · CN · ISIN CNE100004QK2

ZC Zhuzhou CRRC Times Electric Co Ltd logo Some data Sep 18, 2026

Zhuzhou CRRC Times Electric Co Ltd

688187 · SHG

UndervaluedThe stock appears undervalued with acceptable quality.

Fair value ¥53.97 · Undervalued (+18%)
!Quality 58/100
!Expensive Growth (revenue 5y +12.3 %/yr)
Solidly profitable · 14.0% net margin (TTM)
!Low debt · negative free cash flow
·2.45% dividend yield
Ranks above peers (10/13)
!Moderate moat 51/100
!Evidence only medium, so the estimate is less certain
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What runs behind every stock

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

Price vs Fair Value

¥80.97 ¥30.27 Fair Value ¥53.97 Sep 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.

How to read this chart

60‑month range ¥30.27 – ¥80.97 · fair‑value band ¥40.09 – ¥67.85 · the ¥45.73 price screens below the ¥53.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.

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Company profile

Zhuzhou CRRC Times Electric Co., Ltd., together with its subsidiaries, engages in the provision of propulsion and control systems in Mainland China and internationally.

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Zhuzhou CRRC Times Electric Co., Ltd., together with its subsidiaries, engages in the provision of propulsion and control systems in Mainland China and internationally. It provides traction converter systems, power supply systems, informationization and intelligent system products, test equipment, urban rail vehicle door systems, electrical system of passenger car, technological equipment of urban rail transit, braking system of urban rail transit, communication and signaling systems, and electromechanical system integration. The company also offers rail maintenance and engineering products, such as heavy-duty motor trolleys, OCS operating vehicles, engineering vehicle for urban rail transit, large track maintenance machinery, line maintenance services, electrical system of rail engineering machinery, and infrastructure inspection and monitoring systems. In addition, it provides new energy, including wind power inverter, PV inverter, storage systems, and hydrogen power supply; and industrial and component products comprising industrial electrified products, electric drive system of new energy vehicles, marine engineering equipment, power semiconductor devices, and sensors. The company was formerly known as Zhuzhou CSR Times Electric Co., Ltd. and changed its name to Zhuzhou CRRC Times Electric Co., Ltd. in March 2016. Zhuzhou CRRC Times Electric Co., Ltd. was incorporated in 2005 and is headquartered in Zhuzhou, China.

Stock analysis

Zhuzhou CRRC Times Electric Co Ltd (688187) currently trades at ¥45.73, while our model-based Fair Value estimate is ¥53.97, implying the stock looks roughly 15.3% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ¥63.50 per share, and 7 of the 17 models we run sit above the ¥45.73 price.

Bear case: the Asset-Based group reads lowest at ¥20.97, and 10 of the 17 models stay below the price. Evidence for this calculation is medium.

Scenario range: ¥40.09 (bear) to ¥67.85 (bull), the price of ¥45.73 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 58/100 (solid quality), in the Industrials sector.

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

Zhuzhou CRRC Times Electric Co Ltd reported revenue of 28.6B CNY in FY2025 versus 15.1B CNY in FY2021, a compound +17.3%/yr. Reported net income was 4.1B CNY in FY2025, compounding +19.4%/yr from FY2021.

Key figures

Market cap 67.2B CNY (≈ $10.0B) · P/E ratio 17.7 · P/S ratio 2.54 · EPS (TTM) ¥2.99 · Dividend yield 2.4% · Net margin 14.3% · Return on equity 9.4% · Return on assets (EBIT) 5.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 5% fair-value upside, at 18%, 688187 screens cheaper than that median.

Fair Value models

Bear ¥40.09 Fair Value ¥53.97 Bull ¥67.85
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥1.36 per share) are deliberately not added. 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 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
Residual Income ¥27.34 ¥30.18 ¥43.49 75
Owner Earnings ¥18.06 ¥30.37 ¥53.02 73
EPV ¥33.80 ¥38.61 ¥42.82 72
All 17 models by family
DCF Models
Owner Earnings ¥18.06 ¥30.37 ¥53.02 73
Earnings-Based
Graham-Dodd ¥20.52 ¥109.10 ¥151.10 61
Lynch FV ¥30.08 ¥42.97 ¥55.86 58
PEG = 1.0 ¥30.08 ¥42.97 ¥55.86 55
EPV ¥33.80 ¥38.61 ¥42.82 72
Dividend Discount
Gordon GGM ¥13.73 ¥28.54 ¥45.28 64
DDM Multi-Stage ¥13.73 ¥24.07 ¥29.96 64
Multiples
P/E Multiple ¥47.52 ¥63.36 ¥79.21 61
P/S Multiple ¥31.58 ¥42.11 ¥52.64 56
P/B Multiple ¥38.47 ¥51.29 ¥64.12 53
EV/EBIT ¥47.88 ¥62.20 ¥76.52 65
EV/EBITDA ¥46.54 ¥60.42 ¥74.30 66
EV/Revenue ¥31.44 ¥42.81 ¥54.18 53
Asset-Based
NCAV (Graham) ¥15.65 ¥20.97 ¥31.29 52
Economic Profit
Residual Income ¥27.34 ¥30.18 ¥43.49 75
ROIC Compounder ¥35.31 ¥47.45 ¥59.42 71
Growth Earnings
Growth-Adj P/E ¥44.45 ¥63.50 ¥82.55 66

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Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 37

Profitability 39
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 99
Share count: buybacks or dilution?

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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. 59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.5%
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.
+16.6%
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.
+12.3%
Revenue growth 6 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.
+9.8%
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.
+9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.5%
Dividend (yield on the price)2.4%
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.18% → 16%

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Peer GroupHow 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.Railroads · 112 stocks

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 58 · Above median
Fair Value upside +17% · Above median
Profitability
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 14% · Above median
Operating margin (TTM) 15% · Above median
Growth and dividend
Revenue growth 13% · Top 25%
Dividend yield (TTM) 2.4% · Above median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Railroads median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 1.58× · Pricier than median
P/S (TTM) 2.30× · Pricier than median
EV/EBITDA 10.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)57 · sector 17
FUTURE (revenue growth)63 · sector 20
PAST (return on equity)38 · sector 30
HEALTH (low debt)100 · sector 90
DIVIDEND (yield)49 · sector 43

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 Railroads stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $283.99 $141.29 −50%
CSX Corporation CSX $48.66 $10.75 −78%
Canadian Pacific Kansas City Limited CP $89.02 $34.13 −62%
Norfolk Southern Corporation NSC $317.00 $114.36 −64%
Canadian National Railway Company CNR C$166.68 C$92.68 −44%
Westinghouse Air Brake Technologies Corporation WAB $276.37 $289.60 +5%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.74 ¥5.65 +19%
CRRC Corporation 601766 ¥5.95 ¥9.53 +60%
Daqin Railway Co 601006 ¥4.71 ¥5.48 +16%
Hyundai Rotem Company 064350 122,300 KRW 134,530 KRW +10%

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Cite: Fair Value Calculator (2026). "Zhuzhou CRRC Times Electric Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688187

Frequently asked questions

Is Zhuzhou CRRC Times Electric Co Ltd (688187) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ¥53.97 versus a price of ¥45.73, about +18% upside (undervalued).
What is the fair value of 688187?
Our model-based fair value for Zhuzhou CRRC Times Electric Co Ltd is ¥53.97 (as of Sep 18, 2026), built from audited fundamentals. The current price: ¥45.73.
What is the quality score of 688187?
Zhuzhou CRRC Times Electric Co Ltd has a Quality Score of 58/100. 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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
Our model-based price target is the fair value of ¥53.97 (as of Sep 18, 2026) from 17 valuation models. Cautious scenario ¥40.09, optimistic scenario ¥67.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhuzhou CRRC Times Electric Co Ltd stock forecast for 2026?
Our models put fair value at ¥53.97, about +18% upside versus a price of ¥45.73 (undervalued). Cautious scenario ¥40.09, optimistic scenario ¥67.85. The calculation is refreshed regularly with new filings.
What is the revenue of Zhuzhou CRRC Times Electric Co Ltd (688187)?
Zhuzhou CRRC Times Electric Co Ltd reported trailing-twelve-month revenue of about 29.3B CNY (latest available figure, as of Sep 18, 2026).
Does Zhuzhou CRRC Times Electric Co Ltd pay a dividend?
Zhuzhou CRRC Times Electric Co Ltd currently shows a dividend yield of about 2.45% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of Zhuzhou CRRC Times Electric Co Ltd (688187)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhuzhou CRRC Times Electric Co Ltd it is ¥53.97 per share (as of Sep 18, 2026), against a price of ¥45.73. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Zhuzhou CRRC Times Electric Co Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 688187 trades below its calculated fair value: price ¥45.73, fair value ¥53.97, a gap of about +18% (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 688187?
No. The price is what the market pays today (¥45.73); the fair value is what the company's own numbers justify (¥53.97). For Zhuzhou CRRC Times Electric Co Ltd the two are ¥8.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhuzhou CRRC Times Electric Co Ltd worth?
The market values Zhuzhou CRRC Times Electric Co Ltd at about 67.2B CNY (market capitalisation, as of Sep 18, 2026). Per share that is ¥45.73; our models calculate a fair value of ¥53.97 per share.
What do the bullish and bearish scenarios say about 688187?
Our models span a range for Zhuzhou CRRC Times Electric Co Ltd: cautious scenario ¥40.09, base ¥53.97, optimistic ¥67.85 per share (as of Sep 18, 2026, price ¥45.73). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688187?
Zhuzhou CRRC Times Electric Co Ltd trades at a price-to-earnings ratio of 17.7 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥53.97 is built from several models across several years. Other multiples: P/B 1.6, P/S 2.3, EV/EBITDA 10.2.
How solid is the balance sheet of Zhuzhou CRRC Times Electric Co Ltd (688187)?
Balance-sheet figures for Zhuzhou CRRC Times Electric Co Ltd (as of Sep 18, 2026): return on equity 9.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 688187 from its 52-week high?
Zhuzhou CRRC Times Electric Co Ltd trades at ¥45.73, about 31% below its 52-week high of ¥66.20 and 15% above the low of ¥39.68 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ¥53.97 is for.
Which stocks are comparable to Zhuzhou CRRC Times Electric Co Ltd?
From the same area (Industrials) we also value Union Pacific Corporation, CSX Corporation, Canadian Pacific Kansas City Limited, Norfolk Southern 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 Zhuzhou CRRC Times Electric Co Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price ¥45.73, calculated fair value ¥53.97 (+18%), Quality Score 58/100, from 17 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 688187 calculated?
We run Zhuzhou CRRC Times Electric Co Ltd through 17 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 ¥53.97, 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. Zhuzhou CRRC Times Electric Co Ltd currently trades 18 % 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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
The closing price on Sep 21, 2026 was ¥45.73. Our model-based fair value is ¥53.97, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhuzhou CRRC Times Electric Co Ltd right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Zhuzhou CRRC Times Electric Co Ltd

How large is the market capitalisation of Zhuzhou CRRC Times Electric Co Ltd (688187)?
The market capitalisation of Zhuzhou CRRC Times Electric Co Ltd is 67.2B CNY (≈ $10.0B). 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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
The price-to-sales ratio of Zhuzhou CRRC Times Electric Co Ltd is 2.54 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhuzhou CRRC Times Electric Co Ltd (688187)?
Earnings per share at Zhuzhou CRRC Times Electric Co Ltd are ¥2.99 (price ÷ EPS = P/E 17.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhuzhou CRRC Times Electric Co Ltd (688187)?
The dividend yield of Zhuzhou CRRC Times Electric Co Ltd is 2.4% (payout 37.5%). 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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
The net margin of Zhuzhou CRRC Times Electric Co Ltd is 14.3% (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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
The return on equity (ROE) of Zhuzhou CRRC Times Electric Co Ltd is 9.4% (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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
On an EBIT basis the return on assets of Zhuzhou CRRC Times Electric Co Ltd is 5.3% (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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
The operating margin of Zhuzhou CRRC Times Electric Co Ltd is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhuzhou CRRC Times Electric Co Ltd (688187)?
Revenue at Zhuzhou CRRC Times Electric Co Ltd is growing +12.5% versus a year earlier (3y avg +16.6%). 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 Zhuzhou CRRC Times Electric Co Ltd (688187)?
Earnings per share at Zhuzhou CRRC Times Electric Co Ltd are growing +4.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhuzhou CRRC Times Electric Co Ltd (688187) generate?
The free cash flow of Zhuzhou CRRC Times Electric Co Ltd is −45.0M 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 Zhuzhou CRRC Times Electric Co Ltd (688187) carry?
The net debt of Zhuzhou CRRC Times Electric Co Ltd is 2.1B 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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