Zhengzhou Yutong Bus Co Ltd (600066) Fair Value & Analysis
Industrials · CN · Market cap 70.9B CNY (≈ $10.6B) · ISIN CNE000000PY4
What is Zhengzhou Yutong Bus Co Ltd really worth?
A strong business, trading 32% below our fair value of ¥42.00.
Strengths
Risks
For context
Fair value as of: Aug 17, 2026
From 26 valuation models · updated 19 days ago
Share price −11.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict.
- A fairly wide model range (¥24.71 to ¥56.60) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.
How to read this chart
60‑month range ¥6.31 – ¥38.25 · fair‑value band ¥24.71 – ¥56.60 · the ¥28.68 price screens below the ¥42.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.
Analysis
Zhengzhou Yutong Bus Co Ltd (600066) currently trades at ¥28.68, while our model-based Fair Value estimate is ¥42.00, implying the stock looks roughly 31.7% undervalued today. The Quality Score stands at 79/100 (high quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥52.42 per share, and 22 of the 26 models we run sit above the ¥28.68 price. Bear case: the Asset-Based group reads lowest at ¥4.72, and 4 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Zhengzhou Yutong Bus Co Ltd generated revenue of 40.9B CNY at a net margin of 13.3%. Revenue declined 7.9% year over year. It earns a return on equity of 35.7%. The balance sheet holds a net cash position of 8.6B CNY. Fundamentals as of Aug 17, 2026
Our scenario range runs from ¥24.71 (bear case) to ¥56.60 (bull case); at ¥28.68, 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 26% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 46%, 600066 screens cheaper than that median.
Fair Value models
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 26 models by family
Widest divergence: Growth Earnings (¥52.42) versus Asset-Based (¥4.72). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 49
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
Yutong Bus Co.,Ltd., together with its subsidiaries, manufactures and sells buses in China and internationally. It operates through Bus Manufacturing, Foreign Trade, and Other segments. The company offers e-buses, e-coaches, city buses, coaches, vans, airport buses, public security and emergency response vehicles, and medical vehicles.
Full company description
Yutong Bus Co.,Ltd., together with its subsidiaries, manufactures and sells buses in China and internationally. It operates through Bus Manufacturing, Foreign Trade, and Other segments. The company offers e-buses, e-coaches, city buses, coaches, vans, airport buses, public security and emergency response vehicles, and medical vehicles. It also provides various e-solutions, including electric vehicle, service package, integrated new energy, sustainable mobility, integrated urban, and tournament solutions; charging station planning and construction services; online troubleshooting services, including on-site support with real-time monitoring and proactive diagnostics; and diversified training services, including on-site, centralized, theoretical, hands-on, and online training. In addition, the company offers service contracts and networks; automobile repair; and intercity and country-level scheduled tourist passenger transport services. Further, it is involved in the manufacture and sale of automotive parts and automotive air conditioners; asset operation and investment management; technology development and consulting; import and export trade; and enterprise management services. The company exports its products to approximately 100 countries and regions. The company was formerly known as Zhengzhou Yutong Bus Co., Ltd. and changed its name to Yutong Bus Co.,Ltd. in May 2021. Yutong Bus Co.,Ltd. was founded in 1963 and is headquartered in Zhengzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhengzhou Yutong Bus Co Ltd reported revenue of 41.4B CNY in FY2025 versus 23.2B CNY in FY2021, a compound +15.6%/yr. Reported net income was 5.6B CNY in FY2025, compounding +73.4%/yr from FY2021.
of which total revenue +0.9 % · buybacks/dilution +0.0 %
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
Farm & Heavy Construction Machinery · 150 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 Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CAT | $800.25 | $307.83 | −62% |
| Deere & Company DE | $622.66 | $182.29 | −71% |
| AB Volvo (publ), VOLVA | kr 351.40 | kr 288.08 | −18% |
| PACCAR Inc PCAR | $122.45 | $94.80 | −23% |
| Daimler Truck Holding DTG | €45.73 | €47.70 | +4% |
| Epiroc AB EPIA | kr 272.80 | kr 144.14 | −47% |
| Exor N.V EXO | €72.10 | €123.44 | +71% |
| Sany Heavy Industry Co 600031 | ¥19.06 | ¥20.84 | +9% |
| Traton SE 8TRA | €37.78 | €52.60 | +39% |
| Metso Oyj METSO | €16.75 | €10.73 | −36% |
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