Hisense Kelon Electrical Holdings Co Ltd (000921) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 38.4B CNY (≈ $5.7B) · ISIN CNE000000LC9
What is Hisense Kelon Electrical Holdings Co Ltd really worth?
A solid business, trading 45% below our fair value of ¥50.62.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 24 valuation models · updated 9 days ago
Share price +4.0% over the past month.
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 (¥36.51). The market is more pessimistic than our downside scenario.
- Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range ¥8.91 – ¥39.32 · fair‑value band ¥36.51 – ¥63.06 · the ¥27.88 price screens below the ¥50.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Hisense Kelon Electrical Holdings Co Ltd (000921) currently trades at ¥27.88, while our model-based Fair Value estimate is ¥50.62, implying the stock looks roughly 44.9% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of ¥61.09 per share, and 20 of the 24 models we run sit above the ¥27.88 price. Bear case: the Asset-Based group reads lowest at ¥8.45, and 4 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Hisense Kelon Electrical Holdings Co Ltd generated revenue of 86.2B CNY at a net margin of 3.6%. Revenue declined 7.2% year over year. It earns a return on equity of 21.1%. The balance sheet holds a net cash position of 1.5B CNY. Fundamentals as of Aug 27, 2026
Our scenario range runs from ¥36.51 (bear case) to ¥63.06 (bull case); at ¥27.88, 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 12% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −9% fair-value upside, at 82%, 000921 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.6761 per share, which is 1.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (¥61.09) versus Asset-Based (¥8.45). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 63
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hisense Home Appliances Group Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of home appliances in the People's Republic of China and internationally. It operates through Air Conditioning Unit, Ice Cleaning Equipment, and Others segments.
Full company description
Hisense Home Appliances Group Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of home appliances in the People's Republic of China and internationally. It operates through Air Conditioning Unit, Ice Cleaning Equipment, and Others segments. The company offers HVAC systems, refrigerators, residential air conditioners, central air conditioners, freezers, washing machines, kitchen appliances, molds, automotive air conditioning compressors, and automotive integrated thermal management systems, as well as comprehensive smart home solutions. It sells its products under the Hisense, Ronshen, Kelon, Hitachi, York, Gorenje, ASKO, and Sanden brands through its online store. In addition, the company engages in investing activities. The company was formerly known as Hisense Kelon Electrical Holdings Company Limited and changed its name to Hisense Home Appliances Group Co., Ltd. in October 2018. Hisense Home Appliances Group Co., Ltd. was founded in 1984 and is headquartered in Foshan, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hisense Kelon Electrical Holdings Co Ltd reported revenue of 87.9B CNY in FY2025 versus 67.6B CNY in FY2021, a compound +6.8%/yr. Reported net income was 3.2B CNY in FY2025, compounding +34.5%/yr from FY2021.
of which total revenue +14.5 % · buybacks/dilution −0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Furnishings, Fixtures & Appliances · 317 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 Furnishings, Fixtures & Appliances median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥86.98 | ¥99.66 | +15% |
| Gree Electric Appliances, Inc 000651 | ¥41.58 | ¥86.91 | +109% |
| Haier Smart Home Co 600690 | ¥21.79 | ¥36.04 | +65% |
| King Slide Works Co 2059 | 12,500 TWD | 1,917 TWD | −85% |
| Guangdong Songfa Ceramics Co 603268 | ¥173.26 | ¥38.83 | −78% |
| SharkNinja, Inc SN | $181.24 | $89.07 | −51% |
| Somnigroup International Inc SGI | $63.65 | $31.69 | −50% |
| Mohawk Industries, Inc MHK | $131.70 | $119.26 | −9% |
| Alliance Laundry Holdings ALH | $25.91 | $7.74 | −70% |
| Ecovacs Robotics Co 603486 | ¥50.93 | ¥54.14 | +6% |
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