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Wuxi Lead Auto Equipment Co Ltd (300450) Fair Value & Analysis

Industrials · CN · Market cap 56.3B CNY (≈ $8.4B) · ISIN CNE100001ZF9

What is Wuxi Lead Auto Equipment Co Ltd really worth?

WL Wuxi Lead Auto Equipment Co Ltd 300450 · SHE
Price¥31.57
Fair Value¥27.73
Upside−12.2%
Quality71/100

A solid business, but trading 14% above our fair value of ¥27.73.

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Strengths

Healthy Growth (revenue 5y +19.8 %/yr)
Solidly profitable · 10.7% net margin
Low debt · generates free cash flow

Risks

!Mixed vs. peers (7/14)
!Moderate moat 49/100
!Weak on valuation: 17 out of 100
!Weak on dividend: 18 out of 100

For context

·0.91% dividend yield
Evidence: High Range ¥20.77 – ¥34.70

Fair value as of: Sep 5, 2026

From 26 valuation models · updated today

Share price −8.0% 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 sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

¥82.77 ¥12.91 Fair Value ¥27.73 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range ¥12.91 – ¥82.77 · fair‑value band ¥20.77 – ¥34.70 · the ¥31.57 price screens above the ¥27.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Wuxi Lead Auto Equipment Co Ltd (300450) currently trades at ¥31.57, while our model-based Fair Value estimate is ¥27.73, implying the stock looks roughly 13.8% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥56.89 per share, and 13 of the 26 models we run sit above the ¥31.57 price. Bear case: the Asset-Based group reads lowest at ¥5.62, and 13 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Wuxi Lead Auto Equipment Co Ltd generated revenue of 15.0B CNY at a net margin of 10.7%. Revenue grew 19.1% year over year. It earns a return on equity of 10.7%. Net debt stands at 189M CNY. Fundamentals as of Sep 5, 2026

Our scenario range runs from ¥20.77 (bear case) to ¥34.70 (bull case); at ¥31.57, 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 55% below its 52-week high and 58% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −12%, 300450 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 ¥0.5028 per share, which is 1.8 % 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.

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
FCF DCF ¥50.02 ¥77.15 ¥163.56 76
Growth DCF ¥47.21 ¥91.03 ¥162.85 75
EPV ¥13.52 ¥15.32 ¥16.90 74
All 26 models by family
DCF Models
FCF DCF ¥50.02 ¥77.15 ¥163.56 76
Owner Earnings ¥17.31 ¥35.94 ¥75.05 71
5Y Revenue Exit ¥24.95 ¥36.75 ¥61.08 71
5Y EBITDA Exit ¥31.44 ¥49.87 ¥85.89 73
5Y P/E Exit ¥31.49 ¥61.11 ¥100.45 68
10Y Revenue Exit ¥32.09 ¥56.89 ¥69.42 67
10Y EBITDA Exit ¥37.35 ¥70.87 ¥126.41 65
10Y P/E Exit ¥37.39 ¥70.99 ¥123.87 61
Earnings-Based
Graham-Dodd ¥6.79 ¥47.35 ¥66.45 63
Lynch FV ¥21.95 ¥31.36 ¥40.77 61
PEG = 1.0 ¥21.95 ¥31.36 ¥40.77 57
EPV ¥13.52 ¥15.32 ¥16.90 74
Dividend Discount
Gordon GGM ¥1.14 ¥2.37 ¥3.76 66
DDM Multi-Stage ¥1.14 ¥2.00 ¥2.49 66
Multiples
P/E Multiple ¥20.97 ¥27.96 ¥34.95 63
P/S Multiple ¥12.73 ¥16.97 ¥21.22 58
P/B Multiple ¥12.73 ¥16.97 ¥21.22 55
EV/EBIT ¥25.41 ¥32.98 ¥40.55 66
EV/EBITDA ¥23.60 ¥30.56 ¥37.53 67
EV/Revenue ¥14.19 ¥19.11 ¥24.03 54
Asset-Based
NCAV (Graham) ¥4.19 ¥5.62 ¥8.39 54
Growth DCF
Growth DCF ¥47.21 ¥91.03 ¥162.85 75
Rev-Margin DCF ¥26.51 ¥41.73 ¥72.91 70
Economic Profit
Residual Income ¥7.74 ¥9.29 ¥22.10 70
ROIC Compounder ¥17.67 ¥26.55 ¥32.21 72
Growth Earnings
Growth-Adj P/E ¥32.50 ¥46.43 ¥60.36 67

Widest divergence: DCF Models (¥56.89) versus Dividend Discount (¥2.00). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 32.6 as of Jul 16, 2026
P/S ratio 3.53 P/E × margin
EPS (TTM) ¥1.03 price ÷ EPS = P/E 32.6
Dividend yield 0.9% payout 27.9%
Net margin 10.8% FY2025
Return on equity 10.7% TTM
More key figures
Profitability
Return on assets (EBIT) 5.1% avg 5y
Operating margin 13.8% TTM
Growth
Revenue (TTM) 15.0B CNY TTM
Revenue growth (YoY) +19.1% 3y avg +1.2%
EPS growth (YoY) +13.0%
Balance sheet & cash flow
Free cash flow 4.4B CNY FY2025
Net debt 189M CNY FY2024 · ≈ 0.0 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 70 · Market factors (momentum, volatility) 29

Profitability 36
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 78
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.

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

Wuxi Lead Intelligent Equipment CO.,LTD. engages in the research and development, design, production, and sales of intelligent equipment in Mainland China and internationally. It operates through Lead Intelligence and Titan New Power segments.

Full company description

Wuxi Lead Intelligent Equipment CO.,LTD. engages in the research and development, design, production, and sales of intelligent equipment in Mainland China and internationally. It operates through Lead Intelligence and Titan New Power segments. The company offers lithium-ion battery intelligent, solid-state battery intelligent, photovoltaic (PV) intelligent, 3C, automotive and energy storage intelligent, intelligent logistics systems, hydrogen energy, and laser precision processing equipment, as well as consumer electronics products. It also provides smart logistics and smart factory solutions. The company was formerly known as Wuxi Lead Auto Equipment Co., Ltd. and changed its name to Wuxi Lead Intelligent Equipment CO.,LTD. in August 2015. Wuxi Lead Intelligent Equipment CO.,LTD. was founded in 2002 and is headquartered in Wuxi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wuxi Lead Auto Equipment Co Ltd reported revenue of 14.4B CNY in FY2025 versus 10.0B CNY in FY2021, a compound +9.5%/yr. Reported net income was 1.6B CNY in FY2025, compounding −0.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
14.4B CNY
Latest YoY
+21.8%
Avg. revenue 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.
+1.2%
Avg. revenue 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.
+19.8%
Avg. revenue growth/yr (14Y) 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.
+39.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+13.9% (13.0 + 0.9)
Revenue +9.5%/yr
FY21 10.0B CNY
FY22 13.9B CNY
FY23 16.6B CNY
FY24 11.9B CNY
FY25 14.4B CNY
Net income −0.3%/yr
FY21 1.6B CNY
FY22 2.3B CNY
FY23 1.8B CNY
FY24 286M CNY
FY25 1.6B CNY
Character of growth · EPS growth decomposed (2013-2024) +29.1 % p.a.
Revenue per share +42.0 %

of which total revenue +51.4 % · buybacks/dilution −6.2 %

EBIT margin −8.6 %
Tax rate +1.3 %
Residual (interest, one-offs) −1.8 %

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).

300450 screens 14% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Wuxi Lead Auto Equipment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300450

Peer Group

Specialty Industrial Machinery · 792 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 71 · Top 25%
Fair Value upside −12% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 3% · Below median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 14% · Above median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 32.6× · Pricier than median
P/B 4.28× · Pricier than 75% of peers
P/S (TTM) 3.74× · Pricier than median
P/FCF 1.9× · Cheaper than median
EV/EBITDA 25.0× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE17 · sector 0
FUTURE96 · sector 21
PAST43 · sector 28
HEALTH93 · sector 96
DIVIDEND18 · 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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
Eaton Corporation ETN $402.78 $168.65 −58%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $281.67 $145.84 −48%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Wuxi Lead Auto Equipment Co Ltd (300450) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of ¥27.73 versus a price of ¥31.57, about −12% upside (overvalued).
What is the fair value of 300450?
Our model-based fair value for Wuxi Lead Auto Equipment Co Ltd is ¥27.73 (as of Sep 5, 2026), built from audited fundamentals. The current price: ¥31.57.
What is the quality score of 300450?
Wuxi Lead Auto Equipment Co Ltd has a Quality Score of 71/100. 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 Wuxi Lead Auto Equipment Co Ltd (300450)?
Wuxi Lead Auto Equipment Co Ltd reported trailing-twelve-month revenue of about 15.0B CNY (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 300450?
The net profit margin of Wuxi Lead Auto Equipment Co Ltd is about 10.7%, meaning it keeps roughly 10.7% of revenue as net income. Based on the latest reported figures.
Does Wuxi Lead Auto Equipment Co Ltd pay a dividend?
Wuxi Lead Auto Equipment Co Ltd currently shows a dividend yield of about 0.91% relative to its recent price (as of Sep 5, 2026).
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