Cashway Technology Co Ltd (603106) Fair Value & Analysis
Industrials · CN · Market cap 4.7B CNY (≈ $703M) · ISIN CNE100002VP5
What is Cashway Technology Co Ltd really worth?
A solid business, but trading 381% above our fair value of ¥1.68.
Risks
For context
Fair value as of: Aug 21, 2026
From 15 valuation models · updated 15 days ago
Share price −11.5% 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 above even our optimistic bull case (¥2.02). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ¥3.83 – ¥13.49 · fair‑value band ¥1.26 – ¥2.02 · the ¥8.08 price screens above the ¥1.68 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Cashway Technology Co Ltd (603106) currently trades at ¥8.08, while our model-based Fair Value estimate is ¥1.68, implying the stock looks roughly 381.0% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥2.35 per share, and 0 of the 15 models we run sit above the ¥8.08 price. Bear case: the Dividend Discount group reads lowest at ¥0.2900, and 15 of the 15 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Cashway Technology Co Ltd generated revenue of 326M CNY at a net margin of 8.8%. Revenue declined 39.8% year over year. It earns a return on equity of 2.2%. The balance sheet holds a net cash position of 816M CNY. Fundamentals as of Aug 21, 2026
Our scenario range runs from ¥1.26 (bear case) to ¥2.02 (bull case); at ¥8.08, the current price sits above 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 42% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −79%, 603106 screens richer 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 ¥0.0272 per share, which is 1.6 % 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 15 models by family
Widest divergence: DCF Models (¥2.35) versus Dividend Discount (¥0.2900). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 34
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
Cashway Fintech Co.,Ltd. provides financial electronic products and solutions in China and internationally. The company engages in the research and development, manufacture, marketing, operation, and monitoring of banking self-service equipment.
Full company description
Cashway Fintech Co.,Ltd. provides financial electronic products and solutions in China and internationally. The company engages in the research and development, manufacture, marketing, operation, and monitoring of banking self-service equipment. It also offers automated teller machine, cash recycling and depositing machine, teller cash recycler, and currency exchange machine; smart and video teller machine, portable card issuer, queuing and card printing machine, and smart locker; and single and double screen, poster machine, and smart white board. In addition, the company offers currency sorter, cash disinfection cabinet, and smart table; software solutions, including branch intelligence, CIS multivendor terminal, end to end solutions, and cloud platform; OEM modules; and intelligent transportation, hospital, and retail solutions. The company was founded in 2004 and is based in Tianjin, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Cashway Technology Co Ltd reported revenue of 363M CNY in FY2025 versus 715M CNY in FY2021, a compound −15.6%/yr. Reported net income was 31.2M CNY in FY2025, compounding +13.1%/yr from FY2021.
603106 screens 381% overvalued. Compare with GRG Banking Equipment Co →
Peer Group
Business Equipment & Supplies · 74 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 Business Equipment & Supplies 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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GRG Banking Equipment Co 002152 | ¥9.85 | ¥9.65 | −2% |
| Shanghai M&G Stationery Inc 603899 | ¥22.25 | ¥30.05 | +35% |
| XGD Inc 300130 | ¥17.93 | ¥19.69 | +10% |
| DOMS Industries Limited DOMS | ₹2,215 | ₹782.96 | −65% |
| Hengbao Co 002104 | ¥11.82 | ¥2.09 | −82% |
| Shaanxi Fenghuo Electronics Co 000561 | ¥7.72 | ¥1.75 | −77% |
| Shenzhen Comix Group 002301 | ¥7.99 | ¥3.01 | −62% |
| Shandong New Beiyang Information Technology Co 002376 | ¥6.75 | ¥2.10 | −69% |
| Qingdao Hiron Commercial Cold Chain Co 603187 | ¥11.00 | ¥21.12 | +92% |
| F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A FILA | €10.70 | €7.14 | −33% |
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