Zhejiang CFMoto Power Co Ltd (603129) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 45.0B CNY (≈ $6.7B) · ISIN CNE100002W84
What is Zhejiang CFMoto Power Co Ltd really worth?
A solid business, but trading 49% above our fair value of ¥199.10.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Share price −0.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (¥160.71 to ¥500.74). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (66/100) 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 13, 2026.
How to read this chart
60‑month range ¥81.10 – ¥318.90 · fair‑value band ¥160.71 – ¥500.74 · the ¥296.54 price screens above the ¥199.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Zhejiang CFMoto Power Co Ltd (603129) currently trades at ¥296.54, while our model-based Fair Value estimate is ¥199.10, implying the stock looks roughly 48.9% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of ¥493.56 per share, and 14 of the 26 models we run sit above the ¥296.54 price. Bear case: the Asset-Based group reads lowest at ¥32.75, and 12 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Zhejiang CFMoto Power Co Ltd generated revenue of 20.9B CNY at a net margin of 8.1%. Revenue grew 26.1% year over year. It earns a return on equity of 23.0%. The balance sheet holds a net cash position of 7.0B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥160.71 (bear case) to ¥500.74 (bull case); at ¥296.54, 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 3% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 26% fair-value upside, at −33%, 603129 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 ¥4.57 per share, which is 2.3 % 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 26 models by family
Widest divergence: DCF Models (¥493.56) versus Asset-Based (¥32.75). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 65
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
Zhejiang Cfmoto Power Co.,Ltd, together with its subsidiaries, engages in research, development, manufacturing, and sales of motorcycles, all-terrain vehicles, new energy two-wheeled vehicles, and core components in China, rest of Asia, North America, Oceania, Africa, South America, and Europe.
Full company description
Zhejiang Cfmoto Power Co.,Ltd, together with its subsidiaries, engages in research, development, manufacturing, and sales of motorcycles, all-terrain vehicles, new energy two-wheeled vehicles, and core components in China, rest of Asia, North America, Oceania, Africa, South America, and Europe. It provides motorcycles, off-road vehicles, engines, frames, parts, apparel, accessories, lifestyle and gift products, and gear. Zhejiang Cfmoto Power Co.,Ltd was founded in 1989 and is based in Hangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhejiang CFMoto Power Co Ltd reported revenue of 19.7B CNY in FY2025 versus 7.9B CNY in FY2021, a compound +25.9%/yr. Reported net income was 1.7B CNY in FY2025, compounding +42.0%/yr from FY2021.
of which total revenue +30.0 % · buybacks/dilution −6.7 %
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).
603129 screens 49% overvalued. Compare with Brunswick Corporation →
Peer Group
Recreational Vehicles · 37 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 Recreational Vehicles 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 Recreational Vehicles stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Brunswick Corporation BC | $82.30 | $13.56 | −84% |
| BRP Inc DOO | C$88.23 | C$86.81 | −2% |
| Polaris Inc PII | $63.78 | $29.83 | −53% |
| THOR Industries, Inc THO | $77.02 | $97.14 | +26% |
| Trigano S.A TRI | €152.20 | €273.48 | +80% |
| Patrick Industries, Inc PATK | $81.30 | $85.54 | +5% |
| Harley-Davidson, Inc HOG | $27.60 | $64.09 | +132% |
| LCI Industries, LCII | $101.98 | $156.35 | +53% |
| Sanlorenzo S.p.A SL | €37.94 | €37.41 | −1% |
| Ferretti S.p.A 9638 | HK$36.00 | HK$51.23 | +42% |
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