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Shang Gong Group (900924) Fair Value & Analysis

Industrials · CN · Market cap $223M

SG Shang Gong Group 900924 · SHG
Price$0.3120
Fair Value$0.3496
Upside+12.1%
Quality42/100
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Expensive Growth
Loss-making · -2.7% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 3/100
Evidence: Low Range $0.2305 – $0.4371 Share as image

Fair value as of: Aug 12, 2026

From 2 valuation models · updated today

Fair value updated Aug 12, 2026, revised from $1.15 to $0.3496 (−69.6%) since Jul 7, 2026. Share price +2.3% over the past month.

Below-average quality, screening 12% undervalued on our models.

What matters now

  • A fairly wide model range ($0.2305 to $0.4371) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

$0.4570 $0.2550 Fair Value $0.3496 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 12, 2026.

How to read this chart

60‑month range $0.2550 – $0.4570 · fair‑value band $0.2305 – $0.4371 · the $0.3120 price screens below the $0.3496 fair value. Dashed = 300-day average. As of Aug 12, 2026.

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Analysis

Shang Gong Group (900924) currently trades at $0.3120, while our model-based Fair Value estimate is $0.3496, implying the stock looks roughly 12.1% undervalued today. The Quality Score stands at 42/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, Shang Gong Group generated revenue of $4.3B at a net margin of -2.7%. Revenue declined 3.9% year over year. It earns a return on equity of -3.5%. Net debt stands at $434M. Fundamentals as of Aug 12, 2026

Our scenario range runs from $0.2305 (bear case) to $0.4371 (bull case); at $0.3120, 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 25% below its 52-week high and 13% 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 12%, 900924 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
EV/EBITDA $2.43 $2.55 $2.67 54
NCAV (Graham) $1.94 $2.60 $3.87 50
All 2 models by family
Multiples
EV/EBITDA $2.43 $2.55 $2.67 54
Asset-Based
NCAV (Graham) $1.94 $2.60 $3.87 50

Widest divergence: Asset-Based ($2.60) versus Multiples ($2.55). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) $4.3B
Revenue growth (YoY) -3.9%
Net margin -2.7%
Return on equity -3.5%
Free cash flow −$196M FY2025
Operating margin -2.5%
More key figures
EPS (TTM) $-0.0200
EPS growth (YoY) -37.6%
Net debt $434M FY2024

Figures from reported company fundamentals · as of Aug 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 44

Profitability 15
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 82
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

Shang Gong Group Co., Ltd. engages in the research, development, production, and sales of various material joining and processing equipment in China and internationally. It offers sewing, embroidery, and cutting equipment; ultrasonic welding equipment; automotive interior and exterior parts; and carbon fiber composite light sport aircraft.

Full company description

Shang Gong Group Co., Ltd. engages in the research, development, production, and sales of various material joining and processing equipment in China and internationally. It offers sewing, embroidery, and cutting equipment; ultrasonic welding equipment; automotive interior and exterior parts; and carbon fiber composite light sport aircraft. The company also develops CAD software, and manufactures and sells special programmable equipment, such as industrial cutting beds, embroidery machines, and mask machines, as well as involved in the trade and logistics, and technology investment. It serves the automobile, aviation, environmental protection, new energy, and consumer goods industries under the Dürkopp Adva, Pfaff Industrial, KSL, Mauser, Solutia Ultrasonic, Shanggong, Gemstone, Richpeace, ICON, Butterfly, Flying Man, and Bee brands. Shang Gong Group Co., Ltd. was founded in 1965 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shang Gong Group reported revenue of $4.4B in FY2025 versus $3.1B in FY2021, a compound +8.6%/yr. Reported net income was −$142M in FY2025.

Growth Quality 22/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$4.4B
Latest YoY
−1.4%
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.
+9.3%
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.
+7.3%
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.
+8.6%
Revenue +8.6%/yr
FY21 $3.1B
FY22 $3.3B
FY23 $3.8B
FY24 $4.4B
FY25 $4.4B
Net income
FY21 $61.7M
FY22 $73.2M
FY23 $90.7M
FY24 −$244M
FY25 −$142M

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Cite: Fair Value Calculator (2026). "Shang Gong Group Fair Value". https://www.fairvalue-calculator.com/stock/900924

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.

Quality Score 41 · Bottom 25%
Fair Value upside +12% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -4% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 0.05× · 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.

VALUE 50 · sector 0
FUTURE 0 · sector 23
PAST 0 · sector 28
HEALTH 95 · sector 96
DIVIDEND 0 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Shang Gong Group (900924) overvalued or undervalued?
As of Aug 12, 2026, our model estimates a fair value of $0.3496 versus a price of $0.3120, about +12% (undervalued).
What is the fair value of 900924?
Our model-based fair value for Shang Gong Group is $0.3496 (as of Aug 12, 2026), built from audited fundamentals. The current price is $0.3120.
What is the quality score of 900924?
Shang Gong Group has a Quality Score of 42/100. 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 Shang Gong Group (900924)?
Shang Gong Group reported trailing-twelve-month revenue of about $4.3B (latest available figure, as of Aug 12, 2026).
What is the net profit margin of 900924?
The net profit margin of Shang Gong Group is about -2.7%, meaning it is currently running at a net loss. 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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