Suzhou Veichi Electric Co (688698) Fair Value & Analysis
Industrials · CN · Market cap 12.7B CNY
Fair value as of: Jul 12, 2026
From 17 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from ¥22.62 to ¥21.32 (−5.7%) since Jun 24, 2026. Share price −6.5% over the past month.
Below-average quality, and screening another 57% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥26.65). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥13.15 to ¥26.65) leaves room in how you read the outcome.
Price vs Fair Value (5 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
60‑month range ¥13.32 – ¥110.42 · fair‑value band ¥13.15 – ¥26.65 · the ¥50.11 price screens above the ¥21.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Suzhou Veichi Electric Co (688698) currently trades at ¥50.11, while our model-based Fair Value estimate is ¥21.32, implying the stock looks roughly 57.5% overvalued today. The Quality Score stands at 47/100 (below-average 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: high).
Over the trailing twelve months, Suzhou Veichi Electric Co generated revenue of 2.0B CNY at a net margin of 12.6%. Revenue grew 21.0% year over year. It earns a return on equity of 11.1%. The balance sheet holds a net cash position of 89.7M CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥13.15 (bear case) to ¥26.65 (bull case); at ¥50.11, the current price sits above 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 56% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -57%, 688698 screens richer 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.
All 17 models by family
Widest divergence: Growth Earnings (¥41.72) versus Dividend Discount (¥6.74). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 32
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
Suzhou Veichi Electric Co., Ltd. engages in the research and development, procurement, production, and sale of industrial automation products in China and internationally.
Full company description
Suzhou Veichi Electric Co., Ltd. engages in the research and development, procurement, production, and sale of industrial automation products in China and internationally. The company offers long voltage drives, Servo systems, PLC, HMI, medium voltage drives, multi-motor drives, four-quadrant inverters, VFD accessories, and robot components; and industrial robot products, such as six axis, four axis, Scara, collaborative, and welding robots, as well as robot system equipment. It also provides solar pump system including solar water pump system and inverter, solar pump inverter cabinet, AC solar water pump, BLDC solar pump system, center pivot irrigation system, solar connector, solar dc cable, pv combiner box, solar panel, and accessories. In addition, the company offers renewable energy products, including hybrid inverters, off-grid and on-grid inverters, battery test system, EV controller, and lithium batteries; and industry specific drive products. The company was founded in 2005 and is headquartered in Suzhou, China. Suzhou Veichi Electric Co., Ltd. operates as a subsidiary of Huaian Veichi Electric Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Suzhou Veichi Electric Co reported revenue of ¥1.9B in FY2025 versus ¥819M in FY2021, a compound +24.2%/yr. Reported net income was ¥268M in FY2025, compounding +20.6%/yr from FY2021.
688698 screens 57% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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 Industrial Machinery 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.
VALUE 0: the price sits above our fair-value range.
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 Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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Frequently asked questions
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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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