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Shanghai Highly Group Co Ltd B (900910) Fair Value & Analysis

Industrials · CN · Market cap $689M

SH Shanghai Highly Group Co Ltd B 900910 · SHG
Price$0.6310
Fair Value$1.64
Upside+159.9%
Quality50/100
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Strengths

Trades 160% below our fair value of $1.64
Low debt · generates free cash flow

Risks

!Mixed Growth
!Thin margins · 0.6% net margin
!Trails peers (3/12)
!Narrow moat 20/100
Mixed Growth
Thin margins · 0.6% net margin
Low debt · generates free cash flow
4.40% dividend yield
Trails peers (3/12)
Narrow moat 20/100
Evidence: Medium Range $1.05 – $2.21 Share as image

Fair value as of: Aug 22, 2026

From 24 valuation models · updated today

Fair value updated Aug 22, 2026, revised from $0.2400 to $1.64 (+583.3%) since Aug 13, 2026. Share price +4.3% over the past month.

A solid business, screening 160% undervalued on our models.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case ($1.05). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($1.05 to $2.21) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$0.7910 $0.2060 Fair Value $1.64 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range $0.2060 – $0.7910 · fair‑value band $1.05 – $2.21 · the $0.6310 price screens below the $1.64 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Shanghai Highly Group Co Ltd B (900910) currently trades at $0.6310, while our model-based Fair Value estimate is $1.64, implying the stock looks roughly 159.9% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Shanghai Highly Group Co Ltd B generated revenue of $20.6B at a net margin of 0.6%. Revenue grew 0.8% year over year. It earns a return on equity of 2.1%. Net debt stands at $27.3M. Fundamentals as of Aug 22, 2026

Our scenario range runs from $1.05 (bear case) to $2.21 (bull case); at $0.6310, the current price sits below 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 21% below its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at 160%, 900910 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 $2.26 $2.41 $2.60 80
Residual Income $3.71 $3.46 $2.35 76
ROIC Compounder $6.27 $7.26 $8.46 72
All 24 models by family
DCF Models
FCF DCF $2.26 $2.42 $2.64 38
5Y Revenue Exit $5.16 $8.05 $11.91 39
5Y EBITDA Exit $9.33 $16.08 $24.30 41
5Y P/E Exit $2.65 $3.20 $3.80 38
10Y Revenue Exit $3.83 $6.03 $9.25 36
10Y EBITDA Exit $6.43 $11.21 $18.15 37
10Y P/E Exit $2.49 $2.90 $3.43 35
Earnings-Based
Graham-Dodd $0.4600 $1.64 $2.21 54
Lynch FV $0.3900 $0.5600 $0.7200 50
PEG = 1.0 $0.3900 $0.5600 $0.7200 46
EPV $6.15 $6.72 $7.20 59
Dividend Discount
Gordon GGM $0.8700 $1.57 $2.16 70
DDM Multi-Stage $0.8700 $1.43 $1.68 61
Multiples
P/E Multiple $1.05 $1.41 $1.76 63
P/S Multiple $0.8500 $1.14 $1.42 58
P/B Multiple $0.8500 $1.14 $1.42 55
EV/EBIT $9.38 $11.85 $14.33 53
EV/EBITDA $15.29 $19.73 $24.17 54
EV/Revenue $7.26 $9.53 $11.80 43
Asset-Based
NCAV (Graham) $2.85 $3.82 $5.71 50
Growth DCF
Growth DCF $2.26 $2.41 $2.60 80
Economic Profit
Residual Income $3.71 $3.46 $2.35 76
ROIC Compounder $6.27 $7.26 $8.46 72
Growth Earnings
Growth-Adj P/E $0.7400 $1.06 $1.37 68

Widest divergence: DCF Models ($6.03) versus Earnings-Based ($0.5600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $20.6B
Revenue growth (YoY) +0.8%
Net margin 0.6%
Return on equity 2.1%
Free cash flow $33.3M FY2025
P/E ratio 32.1 as of Aug 12, 2026
More key figures
Operating margin 3.7%
EPS (TTM) $0.0200
Dividend yield 4.4%
EPS growth (YoY) +600%
Net debt $27.3M FY2018

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 61

Profitability 27
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 83
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

Shanghai Highly (Group) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells heat and cooling components and automotive parts in China and internationally. It operates through three segments: Compressor and Related Refrigeration Equipment; Automotive Parts; and Trade and Real Estate Leasing.

Full company description

Shanghai Highly (Group) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells heat and cooling components and automotive parts in China and internationally. It operates through three segments: Compressor and Related Refrigeration Equipment; Automotive Parts; and Trade and Real Estate Leasing. The company offers compressors for household AC, light commercial AC, and home appliances with heating and cooling functions; AC and refrigerator compressors; refrigeration castings and forgings for internal compressor castings and forgings; equipment thermal management for high temperature equipment and environment; freezer and cold storage solutions for supermarkets and cold chain warehouses; and heat pump systems for indoor and building heating. It also provides automotive AC and energy vehicle thermal management systems for fuel and energy vehicles; energy vehicle AC electric compressors for energy passenger cars, commercial vehicles, and buses; vehicle and cold chain compressors for parking AC, RV AC, refrigerated truck units, bus battery thermal management, and automotive refrigerators; and automobile castings and forgings for transmission, AC, steering, and braking systems. In addition, the company is involved in the import and export of various commodities and technologies; leasing of houses; and business services. Shanghai Highly (Group) Co., Ltd. was founded in 1954 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Highly Group Co Ltd B reported revenue of $20.5B in FY2025 versus $15.8B in FY2021, a compound +6.8%/yr. Reported net income was $71.8M in FY2025, compounding −31.3%/yr from FY2021.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$20.5B
Latest YoY
+9.3%
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.
+7.5%
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.
+13.1%
Avg. growth/yr (25Y) 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.
+10.3%
Revenue +6.8%/yr
FY21 $15.8B
FY22 $16.5B
FY23 $17.0B
FY24 $18.7B
FY25 $20.5B
Net income −31.3%/yr
FY21 $323M
FY22 $35.5M
FY23 $30.5M
FY24 $33.8M
FY25 $71.8M

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Cite: Fair Value Calculator (2026). "Shanghai Highly Group Co Ltd B Fair Value". https://www.fairvalue-calculator.com/stock/900910

Peer Group

Specialty Industrial Machinery · 818 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 50 · Below median
Fair Value upside +160% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 32.1× · Pricier than median
P/FCF 20.7× · Pricier than 75% of peers
PEG 0.92× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE4 · sector 22
PAST8 · sector 28
HEALTH90 · sector 95
DIVIDEND89 · sector 27

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

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Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹425.20 ₹78.13 -82%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%
Airtac International Group 1590 1,470 TWD 853.70 TWD -42%
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Frequently asked questions

Is Shanghai Highly Group Co Ltd B (900910) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of $1.64 versus a price of $0.6310, about +160% (undervalued).
What is the fair value of 900910?
Our model-based fair value for Shanghai Highly Group Co Ltd B is $1.64 (as of Aug 22, 2026), built from audited fundamentals. The current price: $0.6310.
What is the quality score of 900910?
Shanghai Highly Group Co Ltd B has a Quality Score of 50/100. 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 Shanghai Highly Group Co Ltd B (900910)?
Shanghai Highly Group Co Ltd B reported trailing-twelve-month revenue of about $20.6B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 900910?
The net profit margin of Shanghai Highly Group Co Ltd B is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Shanghai Highly Group Co Ltd B pay a dividend?
Shanghai Highly Group Co Ltd B currently shows a dividend yield of about 4.63% relative to its recent price (as of Aug 22, 2026).

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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