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Quick Intelligent Equipment Co Ltd (603203) Fair Value & Analysis

Industrials · CN · Market cap 14.7B CNY (≈ $2.2B) · ISIN CNE1000030B5

What is Quick Intelligent Equipment Co Ltd really worth?

QI Quick Intelligent Equipment Co Ltd 603203 · SHG
Price¥41.00
Fair Value¥7.49
Upside−81.7%
Quality61/100

A solid business, but trading 448% above our fair value of ¥7.49.

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Strengths

Solidly profitable · 12.8% net margin
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +15.1 %/yr)
!Mixed vs. peers (7/14)
!Moderate moat 62/100
!Weak on dividend: 19 out of 100

For context

·0.94% dividend yield
Evidence: High Range ¥5.61 – ¥9.36

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −1.9% 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 (¥9.36). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥80.00 ¥14.47 Fair Value ¥7.49 Mar 2021 Sep 2026

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 ¥14.47 – ¥80.00 · fair‑value band ¥5.61 – ¥9.36 · the ¥41.00 price screens above the ¥7.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Quick Intelligent Equipment Co Ltd (603203) currently trades at ¥41.00, while our model-based Fair Value estimate is ¥7.49, implying the stock looks roughly 447.6% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥14.33 per share, and 0 of the 26 models we run sit above the ¥41.00 price. Bear case: the Asset-Based group reads lowest at ¥2.87, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Quick Intelligent Equipment Co Ltd generated revenue of 1.2B CNY at a net margin of 12.8%. Revenue grew 33.1% year over year. It earns a return on equity of 10.3%. The balance sheet holds a net cash position of 177M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥5.61 (bear case) to ¥9.36 (bull case); at ¥41.00, 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 47% below its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −82%, 603203 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 ¥0.0440 per share, which is 0.6 % 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.

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 ¥10.77 ¥19.24 ¥38.78 76
Residual Income ¥3.77 ¥4.16 ¥5.77 76
Growth DCF ¥10.53 ¥19.95 ¥34.67 75
All 26 models by family
DCF Models
FCF DCF ¥10.77 ¥19.24 ¥38.78 76
Owner Earnings ¥4.96 ¥8.80 ¥16.07 73
5Y Revenue Exit ¥6.98 ¥11.16 ¥16.90 72
5Y EBITDA Exit ¥9.51 ¥16.71 ¥26.12 74
5Y P/E Exit ¥8.43 ¥14.33 ¥21.37 70
10Y Revenue Exit ¥7.98 ¥12.54 ¥19.81 66
10Y EBITDA Exit ¥9.85 ¥16.77 ¥28.04 66
10Y P/E Exit ¥9.11 ¥14.95 ¥23.80 62
Earnings-Based
Graham-Dodd ¥2.85 ¥16.20 ¥22.52 63
Lynch FV ¥4.55 ¥6.50 ¥8.46 61
PEG = 1.0 ¥4.55 ¥6.50 ¥8.46 57
EPV ¥7.84 ¥8.95 ¥9.92 74
Dividend Discount
Gordon GGM ¥4.49 ¥9.33 ¥14.81 66
DDM Multi-Stage ¥4.49 ¥7.87 ¥9.80 66
Multiples
P/E Multiple ¥6.60 ¥8.81 ¥11.01 63
P/S Multiple ¥4.91 ¥6.55 ¥8.19 58
P/B Multiple ¥5.35 ¥7.13 ¥8.91 55
EV/EBIT ¥11.09 ¥14.41 ¥17.72 66
EV/EBITDA ¥9.40 ¥12.15 ¥14.90 67
EV/Revenue ¥5.28 ¥7.05 ¥8.82 54
Asset-Based
NCAV (Graham) ¥2.14 ¥2.87 ¥4.28 54
Growth DCF
Growth DCF ¥10.53 ¥19.95 ¥34.67 75
Rev-Margin DCF ¥6.98 ¥11.08 ¥16.73 72
Economic Profit
Residual Income ¥3.77 ¥4.16 ¥5.77 76
ROIC Compounder ¥9.13 ¥12.38 ¥16.85 71
Growth Earnings
Growth-Adj P/E ¥6.78 ¥9.69 ¥12.60 67

Widest divergence: DCF Models (¥14.33) versus Asset-Based (¥2.87). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 91.1
P/S ratio 11.7 P/E × margin
EPS (TTM) ¥0.4500 price ÷ EPS = P/E 91.1
Dividend yield 0.9% payout 85.6%
Net margin 12.8% FY2025
Return on equity 10.3% TTM
More key figures
Profitability
Return on assets (EBIT) 13.7% avg 5y
Operating margin 26.4% TTM
Growth
Revenue (TTM) 1.2B CNY TTM
Revenue growth (YoY) +33.1% 3y avg +6.2%
EPS growth (YoY) +14.8%
Balance sheet & cash flow
Free cash flow 225M CNY FY2025
Net cash 177M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 40

Profitability 44
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 0
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

Quick Intelligent Equipment Co.,Ltd. engages in the research and development, manufacturing, and sale of precision assembly technology for electronics in China and internationally.

Full company description

Quick Intelligent Equipment Co.,Ltd. engages in the research and development, manufacturing, and sale of precision assembly technology for electronics in China and internationally. The company offers machine vision process equipment, die-bonding and packaging equipment, intelligent manufacturing complete sets of equipment, and precision welding and assembly equipment; hot pressure soldering automated production line, automated production line for millimeter wave radar, PTC AND EUC production line; high speed die bonder, vacuum soldering system, on-line formic soldering system, silver sintering equipment, power device packaging; module, intelligent terminal, metaverse; electro-optic display; AOI; soldering tools and equipment, selective soldering, soldering locking assembly, and precision dispensing. The company was founded in 1993 and is headquartered in Changzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Quick Intelligent Equipment Co Ltd reported revenue of 1.1B CNY in FY2025 versus 781M CNY in FY2021, a compound +8.5%/yr. Reported net income was 138M CNY in FY2025, compounding −15.2%/yr from FY2021.

Growth Quality 95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.1B CNY
Latest YoY
+14.3%
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.
+6.2%
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.
+15.1%
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.
+14.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−0.2% (−1.1 + 0.9)
Revenue +8.5%/yr
FY21 781M CNY
FY22 901M CNY
FY23 793M CNY
FY24 945M CNY
FY25 1.1B CNY
Net income −15.2%/yr
FY21 268M CNY
FY22 273M CNY
FY23 191M CNY
FY24 212M CNY
FY25 138M CNY
Character of growth · EPS growth decomposed (2013-2024) +9.8 % p.a.
Revenue per share +13.3 %

of which total revenue +17.3 % · buybacks/dilution −3.4 %

EBIT margin −2.9 %
Tax rate +0.6 %
Residual (interest, one-offs) −0.8 %

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).

603203 screens 448% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Quick Intelligent Equipment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603203

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 61 · Above median
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 33% · Top 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 91.1× · Pricier than 75% of peers
P/B 10.40× · Pricier than 75% of peers
P/S (TTM) 12.62× · Pricier than 75% of peers
P/FCF 9.7× · Pricier than median
EV/EBITDA 54.1× · Pricier than 75% of peers

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
VALUE0 · sector 0
FUTURE100 · sector 21
PAST41 · sector 28
HEALTH100 · sector 96
DIVIDEND19 · sector 27

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.

None of the checked exposures detected

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 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 Quick Intelligent Equipment Co Ltd (603203) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥7.49 versus a price of ¥41.00, about −82% upside (overvalued).
What is the fair value of 603203?
Our model-based fair value for Quick Intelligent Equipment Co Ltd is ¥7.49 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥41.00.
What is the quality score of 603203?
Quick Intelligent Equipment Co Ltd has a Quality Score of 61/100. 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 Quick Intelligent Equipment Co Ltd (603203)?
Quick Intelligent Equipment Co Ltd reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 603203?
The net profit margin of Quick Intelligent Equipment Co Ltd is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Quick Intelligent Equipment Co Ltd pay a dividend?
Quick Intelligent Equipment Co Ltd currently shows a dividend yield of about 0.94% relative to its recent price (as of Aug 13, 2026).
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