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Guizhou Space Appliance Co Ltd (002025) Fair Value & Analysis

Technology · CN · Market cap 29.3B CNY (≈ $4.4B) · ISIN CNE000001KG0

What is Guizhou Space Appliance Co Ltd really worth?

GS Guizhou Space Appliance Co Ltd 002025 · SHE
Price¥64.18
Fair Value¥9.59
Upside−85.1%
Quality48/100

Below-average quality, and trading another 569% above our fair value of ¥9.59.

As of Aug 28, 2026, the fair value of Guizhou Space Appliance Co Ltd is ¥9.59 per share against a price of ¥64.18, so the fair value sits 85% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +6.6 %/yr)
!Thin margins · 3.2% net margin
!negative free cash flow
!Trails peers (1/12)
!Narrow moat 25/100
!Evidence only low, so the estimate is less certain
!Weak on past: 13 out of 100
!Weak on dividend: 4 out of 100

For context

·0.20% dividend yield
Evidence: Low Range ¥6.47 – ¥10.54

Fair value as of: Aug 28, 2026

From 15 valuation models · updated 9 days ago

Share price +1.1% 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 (¥10.54). 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 (48/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥92.07 ¥33.39 Fair Value ¥9.59 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range ¥33.39 – ¥92.07 · fair‑value band ¥6.47 – ¥10.54 · the ¥64.18 price screens above the ¥9.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Guizhou Space Appliance Co Ltd (002025) currently trades at ¥64.18, while our model-based Fair Value estimate is ¥9.59, implying the stock looks roughly 569.3% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥11.57 per share, and 0 of the 15 models we run sit above the ¥64.18 price. Bear case: the Earnings-Based group reads lowest at ¥6.56, and 15 of the 15 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Guizhou Space Appliance Co Ltd generated revenue of 6.0B CNY at a net margin of 3.2%. Revenue grew 10.1% year over year. It earns a return on equity of 3.2%. The balance sheet holds a net cash position of 2.6B CNY. Fundamentals as of Aug 28, 2026

Our scenario range runs from ¥6.47 (bear case) to ¥10.54 (bull case); at ¥64.18, 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 23% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −85%, 002025 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 ¥0.1910 per share, which is 1.5 % 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
Residual Income best evidence ¥10.43 ¥10.06 ¥8.36 76
Owner Earnings ¥7.37 ¥11.57 ¥19.69 72
EPV ¥9.54 ¥10.56 ¥11.46 70
All 15 models by family
DCF Models
Owner Earnings ¥7.37 ¥11.57 ¥19.69 72
Earnings-Based
Graham-Dodd ¥2.73 ¥16.16 ¥22.51 63
Lynch FV ¥4.59 ¥6.56 ¥8.52 61
PEG = 1.0 ¥4.59 ¥6.56 ¥8.52 57
EPV ¥9.54 ¥10.56 ¥11.46 70
Multiples
P/E Multiple ¥6.32 ¥8.43 ¥10.54 63
P/S Multiple ¥5.12 ¥6.83 ¥8.53 58
P/B Multiple ¥5.12 ¥6.83 ¥8.53 55
EV/EBIT ¥12.53 ¥15.58 ¥18.63 63
EV/EBITDA ¥17.08 ¥21.65 ¥26.21 64
EV/Revenue ¥9.92 ¥12.71 ¥15.51 52
Asset-Based
NCAV (Graham) ¥7.25 ¥9.72 ¥14.50 51
Economic Profit
Residual Income best evidence ¥10.43 ¥10.06 ¥8.36 76
ROIC Compounder ¥9.54 ¥10.56 ¥11.46 70
Growth Earnings
Growth-Adj P/E ¥6.71 ¥9.59 ¥12.47 67

Widest divergence: DCF Models (¥11.57) versus Earnings-Based (¥6.56). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 156.5
P/S ratio 4.92 P/E × margin
EPS (TTM) ¥0.4100 price ÷ EPS = P/E 156.5
Dividend yield 0.2% payout 31.7%
Net margin 3.1% FY2025
Return on equity 3.2% TTM
More key figures
Profitability
Return on assets (EBIT) 5.6% avg 5y
Operating margin 4.3% TTM
Growth
Revenue (TTM) 6.0B CNY TTM
Revenue growth (YoY) +10.1% 3y avg −1.1%
EPS growth (YoY) +10.0%
Balance sheet & cash flow
Free cash flow −983M CNY FY2025
Net cash 2.6B CNY FY2024

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 56

Profitability 26
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 82
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

Guizhou Space Appliance Co., Ltd, together with its subsidiaries, engages in the research, development, production, and sale of electronic components in China.

Full company description

Guizhou Space Appliance Co., Ltd, together with its subsidiaries, engages in the research, development, production, and sale of electronic components in China. The company offers connectors and interconnect products, motor and control components, relays, and optical communication devices, as well as cables, secondary power supplies, telemetry and remote control equipment, and servo control systems. Its products are used in the aerospace, aviation, electronics, and communications industries. The company was founded in 2001 and is based in Guiyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guizhou Space Appliance Co Ltd reported revenue of 5.8B CNY in FY2025 versus 5.1B CNY in FY2021, a compound +3.1%/yr. Reported net income was 183M CNY in FY2025, compounding −21.8%/yr from FY2021.

Growth Quality 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.8B CNY
Latest YoY
+15.8%
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.
−1.1%
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.
+6.6%
Avg. revenue growth/yr (24Y) 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.
+22.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−16.6% · in CNY
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−16.8%
Dividend yield0.2%
Trend 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.5Y −16.8% vs 10Y −2.9%, flattening
Operating margin (EBIT) 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.13.2% (2020) → 5.6% (2025) · falling
Worst earnings drop76% (2025) · in CNY
Revenue +3.1%/yr
FY21 5.1B CNY
FY22 6.0B CNY
FY23 6.2B CNY
FY24 5.0B CNY
FY25 5.8B CNY
Net income −21.8%/yr
FY21 489M CNY
FY22 555M CNY
FY23 750M CNY
FY24 347M CNY
FY25 183M CNY
Character of growth · EPS growth decomposed (2013-2024) +11.0 % p.a.
Revenue per share +14.5 %

of which total revenue +15.1 % · buybacks/dilution −0.6 %

EBIT margin −2.5 %
Tax rate +0.9 %
Residual (interest, one-offs) −1.4 %

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).

002025 screens 569% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Guizhou Space Appliance Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002025.SHE

Peer Group

Electronic Components · 638 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 −85% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 10% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 156.5× · Pricier than 75% of peers
P/B 4.43× · Pricier than median
P/S (TTM) 4.90× · Pricier than 75% of peers
EV/EBITDA 67.6× · 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
FUTURE51 · sector 40
PAST13 · sector 25
HEALTH0 · sector 95
DIVIDEND4 · sector 24

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 −90%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Guizhou Space Appliance Co Ltd (002025) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of ¥9.59 versus a price of ¥64.18, about −85% upside (overvalued).
What is the fair value of 002025?
Our model-based fair value for Guizhou Space Appliance Co Ltd is ¥9.59 (as of Aug 28, 2026), built from audited fundamentals. The current price: ¥64.18.
What is the quality score of 002025?
Guizhou Space Appliance Co Ltd 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 price target for Guizhou Space Appliance Co Ltd (002025)?
Our model-based price target is the fair value of ¥9.59 (as of Aug 28, 2026) from 15 valuation models. Cautious scenario ¥6.47, optimistic scenario ¥10.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Guizhou Space Appliance Co Ltd stock forecast for 2026?
Our models put fair value at ¥9.59, about −85% upside versus a price of ¥64.18 (overvalued). Cautious scenario ¥6.47, optimistic scenario ¥10.54. The calculation is refreshed regularly with new filings.
What is the revenue of Guizhou Space Appliance Co Ltd (002025)?
Guizhou Space Appliance Co Ltd reported trailing-twelve-month revenue of about 6.0B CNY (latest available figure, as of Aug 28, 2026).
What is the net profit margin of 002025?
The net profit margin of Guizhou Space Appliance Co Ltd is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does Guizhou Space Appliance Co Ltd pay a dividend?
Guizhou Space Appliance Co Ltd currently shows a dividend yield of about 0.20% relative to its recent price (as of Aug 28, 2026).
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