Lingyi iTech Guangdong Co (002600) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Lingyi iTech Guangdong Co stock ¥6.53, price ¥11.92, that is 45.2% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥3.81 – ¥18.28 · fair‑value band ¥4.90 – ¥8.16 · the ¥11.92 price screens above the ¥6.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Lingyi iTech (Guangdong) Company provides smart manufacturing services and solutions in China and internationally.
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The company provides electric heating, battery power, and thermal management (heat dissipation) solutions; as well as AI mobile phones and folding screen mobile phones; AIPC and tablet computers; image display; materials; AI glasses and XR wearable devices; boutique assembly; sensors and related modules; and robots and other related hardware products.
The company was founded in 1975 and is based in Jiangmen, China. Lingyi iTech (Guangdong) Company is a subsidiary of Lingsheng Investment (Jiangsu) Co., Ltd.
Stock analysis
Lingyi iTech Guangdong Co (002600) currently trades at ¥11.92, while our model-based Fair Value estimate is ¥6.53, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥10.18 per share, and 1 of the 16 models we run sit above the ¥11.92 price.
Bear case: the Asset-Based group reads lowest at ¥1.83, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥4.90 (bear) to ¥8.16 (bull), the price of ¥11.92 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Lingyi iTech Guangdong Co reported revenue of 51.3B CNY in FY2025 versus 30.4B CNY in FY2021, a compound +14.0%/yr. Reported net income was 2.3B CNY in FY2025, compounding +18.0%/yr from FY2021.
Key figures
Market cap 93.5B CNY (≈ $14.0B) Large · P/E ratio 38.2 · P/S ratio 1.72 · EPS (TTM) ¥0.3000 · Dividend yield 0.3% · Net margin 4.2% · Return on equity 8.2% · Return on assets (EBIT) 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −15% fair-value upside, at −45%, 002600 screens richer than that median.
Fair Value models
Bear¥4.90Fair Value ¥6.53Bull¥8.16
Price ¥11.92 · Downside -45.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.2208 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.7%
Start year 2020 (pandemic). Over 10 years: +26.5% a year
Revenue growth 17 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+30.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.5%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.5% vs 26.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 6%
AI conclusion: Average competitive position rests on growth in auto and server cooling segments as the main strength, yet negative free cash flow and smartphone revenue weakness form the central limitation.
Main risk: A material reduction in orders from key customers such as the major North American client could sharply cut revenue from precision components for smartphones and other devices.
Bull case: By scaling robotics, server liquid cooling and automotive components the company could broaden its customer base and lessen reliance on core electronics clients.
Bear case: If a major customer cuts orders or trade barriers disrupt supply chains, the company might see sustained revenue pressure in its precision components business.
Lingyi iTech has grown its auto segment nearly threefold in the first half while robotics and liquid cooling for servers also ramp, yet smartphone-related revenue stayed flat or declined amid memory softness and FX losses weighed on profits. Share buybacks continue even as the company prepares its next results. Our models see the stock as overvalued. Will the newer high-growth areas scale fast enough to offset ongoing pressure in the core electronics business?
Compare Lingyi iTech Guangdong Co with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electronic Components · 652 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−45.2% · Below median
Profitability
Return on equity (12 months)8.2% · Above median
Return on assets3.9% · Above median
Net margin (12 months)4.2% · Below median
Operating margin (12 months)14.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)11.2% · Below median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)38.2× · Pricier than median
P/B3.89× · Priciest 25%
P/S (12 months)1.72× · Cheaper than median
EV/EBITDA17.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)56· sector 69
PAST (return on equity)33· sector 28
HEALTH (low debt)91· sector 95
DIVIDEND (yield)7· sector 27
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Lingyi iTech Guangdong Co Fair Value". https://www.fairvalue-calculator.com/stock/002600
Frequently asked questions
Is Lingyi iTech Guangdong Co (002600) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥6.53 versus a price of ¥11.92, about 45% lower (overvalued).
What is the fair value of 002600?
Our model-based fair value for Lingyi iTech Guangdong Co is ¥6.53 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥11.92.
What is the quality score of 002600?
Lingyi iTech Guangdong Co has a Quality Score of 49/100. 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 price target for Lingyi iTech Guangdong Co (002600)?
Our model-based price target is the fair value of ¥6.53 (as of Nov 5, 2026) from 16 valuation models. Cautious scenario ¥4.90, optimistic scenario ¥8.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Lingyi iTech Guangdong Co stock forecast for 2026?
Our models put fair value at ¥6.53, about 45% lower versus a price of ¥11.92 (overvalued). Cautious scenario ¥4.90, optimistic scenario ¥8.16. The calculation is refreshed regularly with new filings.
What is the revenue of Lingyi iTech Guangdong Co (002600)?
Lingyi iTech Guangdong Co reported trailing-twelve-month revenue of about 54.5B CNY (latest available figure, as of Nov 5, 2026).
Does Lingyi iTech Guangdong Co pay a dividend?
Lingyi iTech Guangdong Co currently shows a dividend yield of 0.34% relative to its recent price (as of Nov 5, 2026).
What is the intrinsic value of Lingyi iTech Guangdong Co (002600)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lingyi iTech Guangdong Co it is ¥6.53 per share (as of Nov 5, 2026), against a price of ¥11.92. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Lingyi iTech Guangdong Co stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 002600 trades above its calculated fair value: price ¥11.92, fair value ¥6.53, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002600?
No. The price is what the market pays today (¥11.92); the fair value is what the company's own numbers justify (¥6.53). For Lingyi iTech Guangdong Co the two are ¥5.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lingyi iTech Guangdong Co worth?
The market values Lingyi iTech Guangdong Co at about 93.5B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥11.92; our models calculate a fair value of ¥6.53 per share.
What do the bullish and bearish scenarios say about 002600?
Our models span a range for Lingyi iTech Guangdong Co: cautious scenario ¥4.90, base ¥6.53, optimistic ¥8.16 per share (as of Nov 5, 2026, price ¥11.92). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002600?
Lingyi iTech Guangdong Co trades at a price-to-earnings ratio of 38.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥6.53 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 34.7. Other multiples: P/B 3.9, P/S 1.7, EV/EBITDA 17.0.
How solid is the balance sheet of Lingyi iTech Guangdong Co (002600)?
Balance-sheet figures for Lingyi iTech Guangdong Co (as of Nov 5, 2026): return on equity 8.2%, debt of 0.18 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 002600 from its 52-week high?
Lingyi iTech Guangdong Co trades at ¥11.92, about 35% below its 52-week high of ¥18.28 and 21% above the low of ¥9.86 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.53 is for.
Which stocks are comparable to Lingyi iTech Guangdong Co?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lingyi iTech Guangdong Co stock attractive at the current price?
The data as of Nov 5, 2026: price ¥11.92, calculated fair value ¥6.53 (−45%), Quality Score 49/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002600 calculated?
We run Lingyi iTech Guangdong Co through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥6.53, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Lingyi iTech Guangdong Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lingyi iTech Guangdong Co (002600)?
The closing price on Nov 5, 2026 was ¥11.92. Our model-based fair value is ¥6.53, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lingyi iTech Guangdong Co right now?
The price sits above even our optimistic bull case (¥8.16). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Lingyi iTech Guangdong Co (002600) come from?
Earnings per share at Lingyi iTech Guangdong Co grew +19.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.3 %, EBIT margin +1.0 %, tax rate +3.0 %, residual (interest, one-offs) +10.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lingyi iTech Guangdong Co
How large is the market capitalisation of Lingyi iTech Guangdong Co (002600)?
The market capitalisation of Lingyi iTech Guangdong Co is 93.5B CNY (≈ $14.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lingyi iTech Guangdong Co (002600)?
The price-to-sales ratio of Lingyi iTech Guangdong Co is 1.72 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lingyi iTech Guangdong Co (002600)?
Earnings per share at Lingyi iTech Guangdong Co are ¥0.3000 (price ÷ EPS = P/E 38.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lingyi iTech Guangdong Co (002600)?
The dividend yield of Lingyi iTech Guangdong Co is 0.3% (payout 13.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lingyi iTech Guangdong Co (002600)?
The net margin of Lingyi iTech Guangdong Co is 4.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lingyi iTech Guangdong Co (002600)?
The return on equity (ROE) of Lingyi iTech Guangdong Co is 8.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lingyi iTech Guangdong Co (002600)?
On an EBIT basis the return on assets of Lingyi iTech Guangdong Co is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lingyi iTech Guangdong Co (002600)?
The operating margin of Lingyi iTech Guangdong Co is 14.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lingyi iTech Guangdong Co (002600)?
Revenue at Lingyi iTech Guangdong Co is growing +11.2% versus a year earlier (3y avg +14.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lingyi iTech Guangdong Co (002600)?
Earnings per share at Lingyi iTech Guangdong Co are growing −0.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lingyi iTech Guangdong Co (002600) generate?
The free cash flow of Lingyi iTech Guangdong Co is −351M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Lingyi iTech Guangdong Co (002600) carry?
The net debt of Lingyi iTech Guangdong Co is 10.5B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026