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Shanghai Diesel Engine Co Ltd B (900920) Fair Value & Analysis

Industrials · CN · Market cap $415M

SD Shanghai Diesel Engine Co Ltd B 900920 · SHG
Price$0.2980
Fair Value$0.3913
Upside+31.3%
Quality69/100
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Strengths

Trades 31% below our fair value of $0.3913
Highly profitable · 52.9% net margin
Low debt · generates free cash flow
Ranks above peers (9/11)

Risks

!Weak Growth
!Moderate moat 53/100
Weak Growth
Highly profitable · 52.9% net margin
Low debt · generates free cash flow
Ranks above peers (9/11)
Moderate moat 53/100
Evidence: High Range $0.2932 – $0.4894 Share as image

Fair value as of: Aug 13, 2026

From 20 valuation models · updated 8 days ago

Share price +10.4% over the past month.

A solid business, screening 31% undervalued on our models.

What runs behind every stock

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

What matters now

  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from $0.2932 (bear) to $0.4894 (bull), base $0.3913. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$0.5989 $0.1330 Fair Value $0.3913 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $0.1330 – $0.5989 · fair‑value band $0.2932 – $0.4894 · the $0.2980 price screens below the $0.3913 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shanghai Diesel Engine Co Ltd B (900920) currently trades at $0.2980, while our model-based Fair Value estimate is $0.3913, implying the stock looks roughly 31.3% undervalued today. The Quality Score stands at 69/100 (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: high), always confirm before acting.

Over the trailing twelve months, Shanghai Diesel Engine Co Ltd B generated revenue of $5.9B at a net margin of 52.9%. Revenue grew 11.5% year over year. It earns a return on equity of 64.1%. The stock trades on a trailing P/E of 0.9 (as of Aug 12, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from $0.2932 (bear case) to $0.4894 (bull case); at $0.2980, 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 27% below its 52-week high and 61% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at 31%, 900920 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 $0.0987 $0.1156 $0.1360 80
Residual Income $0.3124 $0.5865 $12.40 76
Rev-Margin DCF $0.0965 $0.1201 $0.1468 74
All 20 models by family
DCF Models
FCF DCF $0.0983 $0.1173 $0.1422 38
Owner Earnings $0.4227 $0.5772 $0.7788 31
5Y Revenue Exit $0.0965 $0.1197 $0.1487 39
5Y P/E Exit $0.3945 $0.6687 $0.9551 38
10Y Revenue Exit $0.0957 $0.1156 $0.1415 36
10Y P/E Exit $0.2695 $0.4611 $0.6956 35
Earnings-Based
Graham-Dodd $0.2661 $0.7707 $1.02 54
Lynch FV $0.1594 $0.2277 $0.2962 50
PEG = 1.0 $0.1594 $0.2277 $0.2962 46
Dividend Discount
Gordon GGM $0.0013 $0.0025 $0.0034 70
DDM Multi-Stage $0.0013 $0.0021 $0.0026 61
Multiples
P/E Multiple $0.6164 $0.8219 $1.03 63
P/S Multiple $0.1173 $0.1564 $0.1956 58
P/B Multiple $0.2935 $0.3913 $0.4891 55
EV/Revenue $0.0978 $0.1169 $0.1362 43
Asset-Based
NCAV (Graham) $0.0435 $0.0583 $0.0870 50
Growth DCF
Growth DCF $0.0987 $0.1156 $0.1360 80
Rev-Margin DCF $0.0965 $0.1201 $0.1468 74
Economic Profit
Residual Income $0.3124 $0.5865 $12.40 76
Growth Earnings
Growth-Adj P/E $0.4974 $0.7105 $0.9239 68

Widest divergence: Growth Earnings ($0.7105) versus Dividend Discount ($0.0021). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $5.9B
Revenue growth (YoY) +11.5%
Net margin 52.9%
Return on equity 64.1%
Free cash flow $362M FY2025
P/E ratio 0.9 as of Aug 12, 2026
More key figures
Operating margin -1.0%
EPS (TTM) $0.3300
EPS growth (YoY) -91.5%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 66 · Market factors (momentum, volatility) 54

Profitability 68
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 90
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 New Power Automotive Technology Company Limited engages in the production and sale of diesel engines and parts in China. The company operates through Diesel Engine and Parts; and complete vehicle and parts segments. It is also involved production and sales of heavy-duty trucks and its parts.

Full company description

Shanghai New Power Automotive Technology Company Limited engages in the production and sale of diesel engines and parts in China. The company operates through Diesel Engine and Parts; and complete vehicle and parts segments. It is also involved production and sales of heavy-duty trucks and its parts. The company was formerly known as Shanghai Diesel Engine Co.,Ltd. and changed its name to Shanghai New Power Automotive Technology Company Limited in November 2021. Shanghai New Power Automotive Technology Company Limited was founded in 1947 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 Diesel Engine Co Ltd B reported revenue of $5.7B in FY2025 versus $24.4B in FY2021, a compound −30.4%/yr. Reported net income was $2.9B in FY2025, compounding +42.7%/yr from FY2021.

Growth Quality 38/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$5.7B
Latest YoY
−11.3%
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.
−16.7%
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.
−1.3%
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.
+6.2%
Revenue −30.4%/yr
FY21 $24.4B
FY22 $9.9B
FY23 $8.7B
FY24 $6.5B
FY25 $5.7B
Net income +42.7%/yr
FY21 $693M
FY22 −$1.6B
FY23 −$2.5B
FY24 −$2.0B
FY25 $2.9B

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Cite: Fair Value Calculator (2026). "Shanghai Diesel Engine Co Ltd B Fair Value". https://www.fairvalue-calculator.com/stock/900920

Peer Group

Farm & Heavy Construction Machinery · 152 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 69 · Top 25%
Fair Value upside +31% · Above median
Return on equity (TTM) 64% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) 53% · Top 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 2.9% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 0.9× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE75 · sector 30
FUTURE58 · sector 31
PAST100 · sector 33
HEALTH99 · sector 93
DIVIDEND58 · sector 37

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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Frequently asked questions

Is Shanghai Diesel Engine Co Ltd B (900920) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $0.3913 versus a price of $0.2980, about +31% (undervalued).
What is the fair value of 900920?
Our model-based fair value for Shanghai Diesel Engine Co Ltd B is $0.3913 (as of Aug 13, 2026), built from audited fundamentals. The current price: $0.2980.
What is the quality score of 900920?
Shanghai Diesel Engine Co Ltd B has a Quality Score of 69/100. 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 Diesel Engine Co Ltd B (900920)?
Shanghai Diesel Engine Co Ltd B reported trailing-twelve-month revenue of about $5.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 900920?
The net profit margin of Shanghai Diesel Engine Co Ltd B is about 52.9%, meaning it keeps roughly 52.9% 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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