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Elec-Tech International Co (002005) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 4.0B CNY

ET Elec-Tech International Co 002005 · SHE
Price¥2.24
Fair Value¥0.3200
Upside-85.7%
Quality48/100
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Weak Growth
Thin margins · 6.6% net margin
Low debt · negative free cash flow
Trails peers (3/11)
Narrow moat 21/100
Evidence: Medium Range ¥0.2500 – ¥0.4100 Share as image

Fair value as of: Aug 8, 2026

From 9 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥0.3300 to ¥0.3200 (−3.0%) since Jul 21, 2026. Share price −6.7% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.4100). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥3.17 ¥0.8200 Fair Value ¥0.3200 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥0.8200 – ¥3.17 · fair‑value band ¥0.2500 – ¥0.4100 · the ¥2.24 price screens above the ¥0.3200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Elec-Tech International Co (002005) currently trades at ¥2.24, while our model-based Fair Value estimate is ¥0.3200, implying the stock looks roughly 85.7% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Elec-Tech International Co generated revenue of 649M CNY at a net margin of 6.6%. Revenue declined 9.9% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of 80.5M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥0.2500 (bear case) to ¥0.4100 (bull case); at ¥2.24, 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 31% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -86%, 002005 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥0.1700 ¥0.1900 ¥0.2700 76
Growth-Adj P/E ¥0.2300 ¥0.3200 ¥0.4200 68
P/E Multiple ¥0.3200 ¥0.4300 ¥0.5400 63
All 9 models by family
DCF Models
Owner Earnings ¥0.5000 ¥0.6500 ¥0.9200 31
Earnings-Based
Graham-Dodd ¥0.1300 ¥0.1600 ¥0.1800 54
Multiples
P/E Multiple ¥0.3200 ¥0.4300 ¥0.5400 63
P/S Multiple ¥0.2500 ¥0.3300 ¥0.4100 58
P/B Multiple ¥0.2500 ¥0.3300 ¥0.4100 55
EV/EBITDA ¥0.1200 ¥0.1200 ¥0.1300 54
Asset-Based
NCAV (Graham) ¥0.1000 ¥0.1300 ¥0.1900 50
Economic Profit
Residual Income ¥0.1700 ¥0.1900 ¥0.2700 76
Growth Earnings
Growth-Adj P/E ¥0.2300 ¥0.3200 ¥0.4200 68

Widest divergence: DCF Models (¥0.6500) versus Asset-Based (¥0.1300). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 649M CNY
Revenue growth (YoY) -9.9%
Net margin 6.6%
Return on equity 10.7%
Free cash flow −81.3M CNY FY2025
P/E ratio 113.5
More key figures
Operating margin -15.3%
EPS (TTM) ¥0.0200
EPS growth (YoY) +960%
Net cash 80.5M CNY FY2024

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 44 · Market factors (momentum, volatility) 30

Profitability 32
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 79
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.

About the company

Elec-Tech International Co., Ltd., together with its subsidiaries, research, develops, manufactures, and sells small household appliances and LED products in China and internationally.

Full company description

Elec-Tech International Co., Ltd., together with its subsidiaries, research, develops, manufactures, and sells small household appliances and LED products in China and internationally. It offers small appliances, such as grind and brew, espresso, drip coffee maker, ice tea maker, coffee grinder, vacuum blender, personal blender, stand mixer, multi-slicer, electric kettle, fully automatic smart bread machine, light drink cold brew machine, air fryer oven, toaster oven, and portable home ice maker. The company's LED products include turn signal; taillight; daytime running lights, front position lights; brake light; CSP mobile phone flash; formal wear-EMA series; formal wear-direct backlight; formal wear-mobile phone flashlight; formal wear-indoor lighting; formal wear-outdoor; formal equipment-automotive lighting components; formal wear-headlights and interior; formal-side lit backlight; flip-flash unit; inverted-mounted automotive lighting components; intelligent dimming and color adjustment power supply; and constant pressure source. The company was founded in 1996 and is headquartered in Zhuhai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Elec-Tech International Co reported revenue of ¥663M in FY2025 versus ¥2.1B in FY2021, a compound −24.8%/yr. Reported net income was ¥34.1M in FY2025.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
663M CNY
Latest YoY
−10.0%
Avg. growth/yr (3Y)
−17.6%
Avg. growth/yr (5Y)
−21.4%
Avg. growth/yr (24Y)
+1.9%
Revenue −24.8%/yr
FY21 ¥2.1B
FY22 ¥1.2B
FY23 ¥787M
FY24 ¥737M
FY25 ¥663M
Net income
FY21 −¥529M
FY22 −¥369M
FY23 −¥229M
FY24 −¥199M
FY25 ¥34.1M

002005 screens 86% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Elec-Tech International Co Fair Value". https://www.fairvalue-calculator.com/stock/002005

Peer Group

Furnishings, Fixtures & Appliances · 311 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 48 · Below median
Fair Value upside −86% · Bottom 25%
Return on equity (TTM) 11% · Above median
Return on assets -5% · Bottom 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) -15% · Bottom 25%
Revenue growth -10% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 113.5× · Pricier than 75% of peers
P/B 11.72× · Pricier than 75% of peers
P/S (TTM) 6.13× · Pricier than 75% of peers

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.

VALUE 0 · sector 26
FUTURE 0 · sector 0
PAST 43 · sector 19
HEALTH 98 · sector 98
DIVIDEND 0 · sector 55

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Elec-Tech International Co (002005) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥0.3200 versus a price of ¥2.24, about −86% (overvalued).
What is the fair value of 002005?
Our model-based fair value for Elec-Tech International Co is ¥0.3200 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥2.24.
What is the quality score of 002005?
Elec-Tech International Co has a Quality Score of 48/100. 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 Elec-Tech International Co (002005)?
Elec-Tech International Co reported trailing-twelve-month revenue of about 649M CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 002005?
The net profit margin of Elec-Tech International Co is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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