Qingdao Hiron Commercial Cold Chain Co Ltd (603187) Fair Value & Analysis
Industrials · CN · Market cap 4.7B CNY (≈ $701M) · ISIN CNE100003JG7
What is Qingdao Hiron Commercial Cold Chain Co Ltd really worth?
A solid business, trading 48% below our fair value of ¥21.12.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 26 valuation models · updated today
Share price −8.5% 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 is below even our cautious bear case (¥15.84). The market is more pessimistic than our downside scenario.
- Solid quality (63/100) 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 Sep 5, 2026.
How to read this chart
60‑month range ¥9.11 – ¥33.74 · fair‑value band ¥15.84 – ¥26.40 · the ¥11.00 price screens below the ¥21.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Qingdao Hiron Commercial Cold Chain Co Ltd (603187) currently trades at ¥11.00, while our model-based Fair Value estimate is ¥21.12, implying the stock looks roughly 47.9% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥26.30 per share, and 22 of the 26 models we run sit above the ¥11.00 price. Bear case: the Dividend Discount group reads lowest at ¥7.47, and 4 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Qingdao Hiron Commercial Cold Chain Co Ltd generated revenue of 3.3B CNY at a net margin of 11.9%. Revenue declined 8.0% year over year. It earns a return on equity of 9.0%. The balance sheet holds a net cash position of 1.0B CNY. Fundamentals as of Sep 5, 2026
Our scenario range runs from ¥15.84 (bear case) to ¥26.40 (bull case); at ¥11.00, 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 36% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −62% fair-value upside, at 92%, 603187 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 ¥0.3193 per share, which is 1.5 % 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 (¥26.30) versus Dividend Discount (¥7.47). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · 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
Qingdao Hiron Commercial Cold Chain Co., Ltd. engages in the research, development, production, sale, and service of commercial cold chain equipment in China.
Full company description
Qingdao Hiron Commercial Cold Chain Co., Ltd. engages in the research, development, production, sale, and service of commercial cold chain equipment in China. The company's products include commercial freezing display cabinets, commercial refrigerating display cabinets, supermarket display cabinets, commercial intelligent display cabinets, and other cold chain equipment, as well as optional accessories. It also provides customized solutions and professional services for customers to store products at low temperature. In addition, the company supplies products for cold drinks, cold food, beer, beverage, dairy, supermarket chain, convenience store, and other industries. Further, it exports to North America, South America, Europe, Africa, Central Asia, Southeast Asia, the Middle East, Russia and Australia. Qingdao Hiron Commercial Cold Chain Co., Ltd. was founded in 2006 and is based in Qingdao, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Qingdao Hiron Commercial Cold Chain Co Ltd reported revenue of 3.4B CNY in FY2025 versus 2.7B CNY in FY2021, a compound +5.9%/yr. Reported net income was 389M CNY in FY2025, compounding +14.6%/yr from FY2021.
of which total revenue +18.7 % · buybacks/dilution −6.5 %
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
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.
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 Sep 5, 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% |
| Cashway Fintech Co 603106 | ¥7.21 | ¥1.68 | −77% |
| F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A FILA | €10.70 | €7.14 | −33% |
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