Guangzhou Devotion Therm Tech (300335) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Guangzhou Devotion Therm Tech stock ¥2.74, price ¥4.87, that is 43.7% below the price, quality 69 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ¥3.08 – ¥8.95 · fair‑value band ¥1.82 – ¥3.40 · the ¥4.87 price screens above the ¥2.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Guangzhou Devotion Thermal Technology Co., Ltd. engages in the provision of clean energy services in China.
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The company operates through Clean Energy Investment and Operation, New Energy and Clean Energy Application Equipment, and Smart and Comfortable Home Manufacturing and Services, and Financial Leasing and Others segments.
The company offers clean energy services, such as heat, cooling, electricity, and new energy and clean energy equipment products.
It also provides Little Squirrel gas wall-mounted boiler to home consumption end users for home system solutions, as well as products covering heating, fresh air, water purification, and multi-energy integrated systems areas under the Little Squirrel brand name.
In addition, the company is involved in the production and sale of household and industrial boilers, and new energy equipment, as well as production and sales of metal products.
Further, it offers capital markets services; laundry services, professional cleaning, and cleaning and disinfection services; and biomass gas supply. It provides its products and services to industrial and commercial end users.
Guangzhou Devotion Thermal Technology Co., Ltd. was founded in 1993 and is headquartered in Guangzhou, China.
Stock analysis
Guangzhou Devotion Therm Tech (300335) currently trades at ¥4.87, while our model-based Fair Value estimate is ¥2.74, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥2.54 per share, and 1 of the 24 models we run sit above the ¥4.87 price.
Bear case: the Dividend Discount group reads lowest at ¥0.6400, and 23 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.82 (bear) to ¥3.40 (bull), the price of ¥4.87 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 69/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Guangzhou Devotion Therm Tech reported revenue of 1.0B CNY in FY2025 versus 1.2B CNY in FY2021, a compound −4.4%/yr. Reported net income was 44.0M CNY in FY2025.
Key figures
Market cap 2.3B CNY (≈ $348M) Small · P/E ratio 60.9 · P/S ratio 2.36 · EPS (TTM) ¥0.0800 · Dividend yield 2.5% · Net margin 4.0% · Return on equity 3.8% · Return on assets (EBIT) 4.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −44%, 300335 screens richer than that median.
Fair Value models
Bear¥1.82Fair Value ¥2.74Bull¥3.40
Price ¥4.87 · Downside -43.7%
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.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.
Best data coverage
FCF DCF¥2.11¥2.62¥3.3681
Growth DCF¥2.15¥2.63¥3.2979
Owner Earnings¥1.60¥1.95¥2.4677
All 24 models by family
DCF Models
FCF DCF¥2.11¥2.62¥3.3681
Owner Earnings¥1.60¥1.95¥2.4677
5Y Revenue Exit¥1.86¥2.42¥3.1473
5Y EBITDA Exit¥2.05¥2.74¥3.5676
5Y P/E Exit¥1.76¥2.24¥2.7671
10Y Revenue Exit¥1.92¥2.40¥2.9667
10Y EBITDA Exit¥2.06¥2.61¥3.2369
10Y P/E Exit¥1.89¥2.29¥2.7164
Earnings-Based
Graham-Dodd¥0.6300¥1.21¥1.5066
EPV¥1.43¥1.56¥1.6773
Dividend Discount
Gordon GGM¥0.4800¥0.6400¥0.790069
DDM Multi-Stage¥0.4800¥0.6400¥0.810067
Multiples
P/E Multiple¥1.18¥1.57¥1.9663
P/S Multiple¥1.18¥1.57¥1.9657
P/B Multiple¥4.25¥5.67¥7.0855
EV/EBIT¥1.34¥1.93¥2.5264
EV/EBITDA¥1.30¥1.88¥2.4666
EV/Revenue¥0.8400¥1.39¥1.9452
Asset-Based
NCAV (Graham)¥1.47¥2.22¥2.7854
Growth DCF
Growth DCF¥2.15¥2.63¥3.2979
Rev-Margin DCF¥1.86¥2.45¥3.1173
Economic Profit
Residual Income¥2.58¥2.62¥2.7576
ROIC Compounder¥1.43¥1.56¥1.6771
Growth Earnings
Growth-Adj P/E¥0.8500¥1.22¥1.5867
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.4%
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.
−3.0%
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.
−7.7%
Start year 2020 (pandemic). Over 10 years: +2.2% a year
Revenue growth 16 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.
+21.0%
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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.
−7.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.1%
Dividend (yield on the price)2.5%
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.14% → 14%
⚠ Revenue per share shrinking 11.6%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +1.2% a year for the price.
Compare Guangzhou Devotion Therm Tech with another stock
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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.Specialty Chemicals · 728 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−43.7% · Below median
Profitability
Return on equity (12 months)3.8% · Below median
Return on assets2.8% · Below median
Net margin (12 months)7.1% · Above median
Operating margin (12 months)16.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−3.3% · Bottom 25%
Dividend yield (12 months)2.5% · Above median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)60.9× · Priciest 25%
P/B1.21× · Cheaper than median
P/S (12 months)4.10× · Priciest 25%
Price / free cash flow (fiscal year)27.8× · Pricier than median
EV/EBITDA18.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 67
PAST (return on equity)15· sector 27
HEALTH (low debt)99· sector 95
DIVIDEND (yield)49· sector 31
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.
Is Guangzhou Devotion Therm Tech (300335) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥2.74 versus a price of ¥4.87, about 44% lower (overvalued).
What is the fair value of 300335?
Our model-based fair value for Guangzhou Devotion Therm Tech is ¥2.74 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥4.87.
What is the quality score of 300335?
Guangzhou Devotion Therm Tech has a Quality Score of 69/100. 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 Guangzhou Devotion Therm Tech (300335)?
Our model-based price target is the fair value of ¥2.74 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario ¥1.82, optimistic scenario ¥3.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Guangzhou Devotion Therm Tech stock forecast for 2026?
Our models put fair value at ¥2.74, about 44% lower versus a price of ¥4.87 (overvalued). Cautious scenario ¥1.82, optimistic scenario ¥3.40. The calculation is refreshed regularly with new filings.
What is the revenue of Guangzhou Devotion Therm Tech (300335)?
Guangzhou Devotion Therm Tech reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Nov 7, 2026).
Does Guangzhou Devotion Therm Tech pay a dividend?
Guangzhou Devotion Therm Tech currently shows a dividend yield of 2.46% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Guangzhou Devotion Therm Tech (300335) and when is the ex-dividend date?
Guangzhou Devotion Therm Tech pays a dividend of ¥0.12 per share a year, a dividend yield of 2.5%. The last ex-dividend date was Sep 8, 2026. The payout ratio is 150% of earnings. Free cash flow covers the dividend 2.63 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Guangzhou Devotion Therm Tech (300335)?
For today's price to be fair in a discounted-cash-flow model, Guangzhou Devotion Therm Tech would have to grow free cash flow by +2.9 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 300335 use?
Our models discount Guangzhou Devotion Therm Tech at 10.4 %: a base by market capitalisation (small), damped by beta 0.18, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Guangzhou Devotion Therm Tech that is +2.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Guangzhou Devotion Therm Tech (300335) delivered so far?
Over the past 5 years revenue at Guangzhou Devotion Therm Tech grew -7.7 % a year. The price currently implies free-cash-flow growth of +2.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Guangzhou Devotion Therm Tech (300335) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Guangzhou Devotion Therm Tech (+2.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Guangzhou Devotion Therm Tech (300335)?
The free-cash-flow yield on the price is 6.47 %: that much free cash flow Guangzhou Devotion Therm Tech produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Guangzhou Devotion Therm Tech (300335)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guangzhou Devotion Therm Tech it is ¥2.74 per share (as of Nov 7, 2026), against a price of ¥4.87. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Guangzhou Devotion Therm Tech stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 300335 trades above its calculated fair value: price ¥4.87, fair value ¥2.74, a gap of about −44% (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 300335?
No. The price is what the market pays today (¥4.87); the fair value is what the company's own numbers justify (¥2.74). For Guangzhou Devotion Therm Tech the two are ¥2.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Guangzhou Devotion Therm Tech worth?
The market values Guangzhou Devotion Therm Tech at about 2.3B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥4.87; our models calculate a fair value of ¥2.74 per share.
What do the bullish and bearish scenarios say about 300335?
Our models span a range for Guangzhou Devotion Therm Tech: cautious scenario ¥1.82, base ¥2.74, optimistic ¥3.40 per share (as of Nov 7, 2026, price ¥4.87). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300335?
Guangzhou Devotion Therm Tech trades at a price-to-earnings ratio of 60.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥2.74 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 38.0. Other multiples: P/B 1.2, P/S 4.1, EV/EBITDA 18.6.
How solid is the balance sheet of Guangzhou Devotion Therm Tech (300335)?
Balance-sheet figures for Guangzhou Devotion Therm Tech (as of Nov 7, 2026): return on equity 3.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 300335 from its 52-week high?
Guangzhou Devotion Therm Tech trades at ¥4.87, about 46% below its 52-week high of ¥8.95 and 3% above the low of ¥4.73 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.74 is for.
Which stocks are comparable to Guangzhou Devotion Therm Tech?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Guangzhou Devotion Therm Tech stock attractive at the current price?
The data as of Nov 7, 2026: price ¥4.87, calculated fair value ¥2.74 (−44%), Quality Score 69/100, from 24 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 300335 calculated?
We run Guangzhou Devotion Therm Tech through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥2.74 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Guangzhou Devotion Therm Tech 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 Guangzhou Devotion Therm Tech (300335)?
The closing price on Nov 6, 2026 was ¥4.87. Our model-based fair value is ¥2.74, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guangzhou Devotion Therm Tech right now?
The price sits above even our optimistic bull case (¥3.40). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥1.82 to ¥3.40) leaves room in how you read the outcome.
Key figures of Guangzhou Devotion Therm Tech
How large is the market capitalisation of Guangzhou Devotion Therm Tech (300335)?
The market capitalisation of Guangzhou Devotion Therm Tech is 2.3B CNY (≈ $348M). 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 Guangzhou Devotion Therm Tech (300335)?
The price-to-sales ratio of Guangzhou Devotion Therm Tech is 2.36 (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 Guangzhou Devotion Therm Tech (300335)?
Earnings per share at Guangzhou Devotion Therm Tech are ¥0.0800 (price ÷ EPS = P/E 60.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Guangzhou Devotion Therm Tech (300335)?
The dividend yield of Guangzhou Devotion Therm Tech is 2.5% (payout 150%). 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 Guangzhou Devotion Therm Tech (300335)?
The net margin of Guangzhou Devotion Therm Tech is 4.0% (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 Guangzhou Devotion Therm Tech (300335)?
The return on equity (ROE) of Guangzhou Devotion Therm Tech is 3.8% (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 Guangzhou Devotion Therm Tech (300335)?
On an EBIT basis the return on assets of Guangzhou Devotion Therm Tech is 4.5% (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 Guangzhou Devotion Therm Tech (300335)?
The operating margin of Guangzhou Devotion Therm Tech is 16.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guangzhou Devotion Therm Tech (300335)?
Revenue at Guangzhou Devotion Therm Tech is growing −3.3% versus a year earlier (3y avg −3.0%). 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 Guangzhou Devotion Therm Tech (300335)?
Earnings per share at Guangzhou Devotion Therm Tech are growing +7.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Guangzhou Devotion Therm Tech (300335) carry?
The net debt of Guangzhou Devotion Therm Tech is 373M CNY (fiscal year 2021, ≈ 2.5 yrs of FCF). 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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Thin data
Nov 7, 2026