Xi'an High Voltage Apparatus Research Institute Co (688334) Fair Value & Analysis

Industrials · CN · Market cap 6.0B CNY

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 ¥12.37 (bear) to ¥20.62 (bull), base ¥16.50. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 60/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (3 years)

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

38‑month range ¥12.67 – ¥27.06 · fair‑value band ¥12.37 – ¥20.62 · the ¥18.27 price screens above the ¥16.50 fair value. Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Xi'an High Voltage Apparatus Research Institute Co (688334) currently trades at ¥18.27, while our model-based Fair Value estimate is ¥16.50, implying the stock looks roughly 9.7% fairly valued today. The Quality Score stands at 60/100 (solid 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: medium).

Over the trailing twelve months, Xi'an High Voltage Apparatus Research Institute Co generated revenue of 880M CNY at a net margin of 28.7%. Revenue grew 5.6% year over year. It earns a return on equity of 9.1%. The stock trades on a trailing P/E of 23.5. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥12.37 (bear case) to ¥20.62 (bull case); at ¥18.27, 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 36% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -10%, 688334 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.

Widest divergence: DCF Models (¥25.77) versus Asset-Based (¥6.16). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Xi'an High Voltage Apparatus Research Institute Co., Ltd., together with its subsidiaries, provides electrical inspection and testing services in China, Hong Kong, Macao, Taiwan, and internationally.

Full company description

Xi'an High Voltage Apparatus Research Institute Co., Ltd., together with its subsidiaries, provides electrical inspection and testing services in China, Hong Kong, Macao, Taiwan, and internationally. The company offers professional technical services; type, performance, routine, and certificate tests; arbitration inspection; quality appraisement; and metrological verification of electrical equipment. It also provides product certification, greenhouse gas verification, green manufacturing evaluation, and electric power equipment inspection services; and technical research and consulting services for electrical equipment testing technology, key technologies of power transmission and transformation equipment, laboratory construction, electrical equipment fault analysis, specialized technical training in the field of power transmission and transformation, and technical and industry analysis. The company's services are used in high-voltage switches, insulators, surge arresters, capacitors, transformers, instrument transformers, reactors, power electronic equipment, and low-voltage electrical appliances. Xi'an High Voltage Apparatus Research Institute Co., Ltd. was founded in 1958 and is headquartered in Xi'an, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xi'an High Voltage Apparatus Research Institute Co reported revenue of ¥868M in FY2025 versus ¥447M in FY2021, a compound +18.0%/yr. Reported net income was ¥249M in FY2025, compounding +32.1%/yr from FY2021.

Watch 688334: get an alert when its fair value changes →

Peer Group

Specialty Business Services · 255 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.

Valuation Multiples vs Specialty Business Services median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

Explore undervalued stocks

More undervalued Industrials stocks →

Frequently asked questions

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.