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Hangcha Group Co., Ltd (603298.SS)

CNY25.72 +0.65 (+2.59%)
CN SHH Industrials Agricultural - Machinery
Address 666 Xiangfu Road 311305
Hangzhou, CN
CEO Li Min Zhao
Website hcforklift.com
IPO 2016-12-28
ISIN CNE100002FY0

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Description

Hangcha Group Co., Ltd functions as a leading global manufacturer and distributor of material handling solutions, with significant operations across China and international markets. The company provides an extensive portfolio of equipment, encompassing both conventional internal combustion and electric forklift trucks, alongside a range of specialized machinery such as side-loading, explosion-proof, rough terrain, and empty container stackers. Their offerings further include advanced warehouse solutions like very narrow aisle trucks, automatic guided vehicles (AGVs), reach trucks, and order pickers, in addition to tow tractors, aerial work platforms, and flatbed vehicles. Beyond complete units, Hangcha also supplies OEM components, spare parts, and comprehensive after-sales support. The company serves a diverse array of sectors, prominently including retail, wholesale, food and pharmaceutical, transportation and logistics, manufacturing, automotive, ports and terminals, chemical and energy, and forestry, among various others. Established in 1956, Hangcha Group Co., Ltd is headquartered in Hangzhou, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY25.72 +0.65 (+2.59%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
0.97
Float Shares
1.30B
Free Float %
99.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.58% -7.45% -6.22% -14.15% +0.87% -4.10% +31.95% +73.92% +79.31% +173.68% +173.68%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
25.72
DCF (Unlevered) 20.92 -18.7%
DCF (Levered) 11.70 -54.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.70
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Agricultural - Machinery: +5.1%
    +7.6% ★ Q1'26: +9.1% (vs Q1'25)
  • ✓
    EPS growth Agricultural - Machinery: +10.7%
    +8.4% Q1'26: +9.1% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Agricultural - Machinery: +31.2%
    +5.6% ★ Q1'26: +3.0% (vs Q1'25)
  • ✗
    EBIT margin Agricultural - Machinery: +9.5%
    +11.5% ★ Q1'26: +8.9% (vs Q1'25)
  • ✓
    ROIC Agricultural - Machinery: +7.1%
    +16.3% ★ Q1'26: +13.3% (vs Q1'25)
  • ✓
    Share dilution Agricultural - Machinery: +0.0%
    -0.1% ★ Q1'26: -0.9% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Agricultural - Machinery: 0.00×
    1.31× ★ Q1'26: 1.82× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.05) × ERP
WACC = 91% × Ke + 9% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 20.92 Current price: 25.72
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
8 Rev. Ana.
8 EPS Ana. 		Dec 2027
9 Rev. Ana.
9 EPS Ana. 		Dec 2028
5 Rev. Ana.
5 EPS Ana.
Revenue
5.37B
est: 5.01B (+7.3%)
7.00B
est: 6.97B (+0.5%)
8.44B
est: 8.77B (-3.7%)
8.85B
est: 9.81B (-9.7%)
11.45B
est: 11.23B (+2.0%)
14.49B
est: 13.70B (+5.7%)
14.41B
est: 14.76B (-2.4%)
16.30B
est: 16.58B (-1.7%)
16.49B
est: 17.30B (-4.7%)
17.74B
est: 18.04B (-1.7%)
19.70B
19.27B – 20.08B
+9.2% YoY
21.86B
21.23B – 22.87B
+11.0% YoY
24.28B
24.28B – 24.28B
+11.1% YoY
EBITDA
579.48M
est: 503.64M (+15.1%)
623.77M
est: 700.96M (-11.0%)
706.60M
est: 881.93M (-19.9%)
801.20M
est: 986.81M (-18.8%)
922.05M
est: 1.13B (-18.4%)
1.05B
est: 1.38B (-24.2%)
1.26B
est: 1.49B (-15.0%)
1.99B
est: 1.87B (+6.5%)
2.31B
est: 1.95B (+18.4%)
2.52B
est: 2.04B (+23.8%)
2.23B
2.18B – 2.27B
+9.2% YoY
2.47B
2.40B – 2.58B
+11.0% YoY
2.74B
2.74B – 2.74B
+11.1% YoY
EBIT
509.14M
est: 418.65M (+21.6%)
544.27M
est: 582.67M (-6.6%)
597.34M
est: 733.10M (-18.5%)
646.84M
est: 820.28M (-21.1%)
746.11M
est: 939.25M (-20.6%)
844.49M
est: 1.15B (-26.3%)
1.04B
est: 1.23B (-16.1%)
1.69B
est: 1.55B (+8.6%)
1.97B
est: 1.62B (+21.5%)
2.04B
est: 1.69B (+21.0%)
1.84B
1.80B – 1.88B
+9.2% YoY
2.05B
1.99B – 2.14B
+11.0% YoY
2.27B
2.27B – 2.27B
+11.1% YoY
Net Income
402.61M
est: 600.23M (-32.9%)
474.53M
est: 542.63M (-12.5%)
546.55M
est: 597.78M (-8.6%)
644.60M
est: 730.19M (-11.7%)
837.93M
est: 900.34M (-6.9%)
908.47M
est: 1.09B (-16.5%)
987.35M
est: 1.06B (-7.0%)
1.72B
est: 1.95B (-11.9%)
2.02B
est: 2.05B (-1.2%)
2.19B
est: 2.23B (-1.8%)
2.46B
2.37B – 2.53B
+10.4% YoY
2.83B
2.58B – 2.97B
+14.8% YoY
3.16B
3.07B – 3.21B
+11.8% YoY
SGA
679.38M
est: 268.12M (+153.4%)
630.64M
est: 373.16M (+69.0%)
735.65M
est: 469.51M (+56.7%)
794.84M
est: 525.35M (+51.3%)
584.98M
est: 601.53M (-2.8%)
691.08M
est: 733.88M (-5.8%)
728.58M
est: 790.80M (-7.9%)
883.12M
est: 811.58M (+8.8%)
1.06B
est: 846.79M (+25.2%)
497.06M
est: 883.10M (-43.7%)
964.35M
943.33M – 982.71M
+9.2% YoY
1.07B
1.04B – 1.12B
+11.0% YoY
1.19B
1.19B – 1.19B
+11.1% YoY
EPS
0.54
est: 0.46 (+18.1%)
0.55
est: 0.41 (+33.1%)
0.63
est: 0.46 (+38.4%)
0.74
est: 0.56 (+33.1%)
0.97
est: 0.69 (+41.5%)
1.05
est: 0.83 (+26.7%)
1.14
est: 0.81 (+40.9%)
1.33
est: 1.48 (-9.9%)
1.54
est: 1.55 (-0.8%)
1.67
est: 1.71 (-2.3%)
1.87
1.81 – 1.92
+9.1% YoY
2.12
1.97 – 2.27
+13.5% YoY
2.39
2.34 – 2.45
+13.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-28 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-27 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-26 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-25 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-22 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-21 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-20 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-19 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-18 A- 4/5 3/5 5/5 5/5 3/5 3/5 2/5
2026-05-15 A 4/5 3/5 5/5 5/5 3/5 3/5 3/5
2026-05-14 A 4/5 3/5 5/5 5/5 3/5 3/5 3/5
2026-05-13 A 4/5 3/5 5/5 5/5 3/5 3/5 3/5
2026-05-12 A 4/5 3/5 5/5 5/5 3/5 3/5 3/5
2026-05-11 A 4/5 3/5 5/5 5/5 3/5 4/5 3/5
2026-05-08 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-07 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-06 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-30 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-29 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-28 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-27 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-24 A- 4/5 3/5 5/5 5/5 2/5 3/5 3/5
2026-04-23 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-20 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-17 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-16 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
749.63M
OE per share TTM
0.57
Owner's Yield
2.25%
Maintenance CapEx ratio
3.16%
Maint CapEx / Avg PPE
15.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 24 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF ASHS 0.13% 49.0K 0.65%
2 Dimensional - Emerging Markets High Profitability ETF DEHP 0.01% 41.1K 0.44%
3 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.21M 0.06%
4 Dimensional Emerging Markets Sustainability Core 1 ETF DFSE 0.01% 48.6K 0.44%
5 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 0.00% 16.4K 0.58%
6 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 350.2K 0.29%
7 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 91.0K 0.26%
8 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 40.3K 0.48%
9 Vanguard FTSE Emerging Markets ETF VWO 0.00% 4.49M 0.06%
10 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 190.2K 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
317.0K
Shares Outstanding
1.31B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Guo Qiang Wang Deputy General Manager — male
Hai Hua Ren Chief Economist — male
Hua Shu Jin Deputy General Manager — male
Li Min Zhao Chairman of the Board & GM — male
Sai Min Chen Secretary to Board of Directors & Assistant to GM — male
Shutong Zhang Chief Accountant & Financial Director — male
Su Hua Zhou Deputy Chief Engineer — female
Yuan Song Li Deputy Chief Engineer — male
Zhengyu Xu Chief Engineer & Director — male
Zhi Hao Jin Chief Designer — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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