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Zhejiang Supor Co (002032) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 33.6B CNY

ZS Zhejiang Supor Co 002032 · SHE
Price¥41.11
Fair Value¥44.84
Upside+9.1%
Quality74/100
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Healthy Growth
Thin margins · 9.2% net margin
Low debt · generates free cash flow
6.20% dividend yield
Ranks above peers (10/15)
Wide moat 67/100
Evidence: High Range ¥34.35 – ¥65.77 Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −5.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥34.35 to ¥65.77) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥61.80 ¥31.56 Fair Value ¥44.84 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥31.56 – ¥61.80 · fair‑value band ¥34.35 – ¥65.77 · the ¥41.11 price screens below the ¥44.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Zhejiang Supor Co (002032) currently trades at ¥41.11, while our model-based Fair Value estimate is ¥44.84, implying the stock looks roughly 9.1% fairly valued today. The Quality Score stands at 74/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Zhejiang Supor Co generated revenue of 22.9B CNY at a net margin of 9.2%. Revenue grew 1.7% year over year. It earns a return on equity of 30.5%. The balance sheet holds a net cash position of 2.3B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥34.35 (bear case) to ¥65.77 (bull case); at ¥41.11, the current price sits within 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 19% below its 52-week high and 3% 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 9%, 002032 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
Growth DCF ¥41.42 ¥70.43 ¥119.43 80
Residual Income ¥15.34 ¥18.13 ¥60.65 76
Rev-Margin DCF ¥31.05 ¥50.05 ¥74.55 74
All 26 models by family
DCF Models
FCF DCF ¥41.67 ¥73.17 ¥127.77 38
Owner Earnings ¥36.23 ¥63.36 ¥110.39 31
5Y Revenue Exit ¥31.05 ¥50.30 ¥76.00 39
5Y EBITDA Exit ¥34.71 ¥57.82 ¥86.47 41
5Y P/E Exit ¥42.07 ¥72.96 ¥108.15 38
10Y Revenue Exit ¥33.49 ¥52.96 ¥82.02 36
10Y EBITDA Exit ¥36.73 ¥58.47 ¥90.76 37
10Y P/E Exit ¥41.61 ¥69.54 ¥108.86 35
Earnings-Based
Graham-Dodd ¥17.83 ¥81.87 ¥112.38 54
Lynch FV ¥21.51 ¥30.72 ¥39.94 50
PEG = 1.0 ¥21.51 ¥30.72 ¥39.94 46
EPV ¥27.38 ¥31.54 ¥35.18 59
Dividend Discount
Gordon GGM ¥25.70 ¥53.43 ¥84.77 70
DDM Multi-Stage ¥25.70 ¥45.06 ¥56.08 61
Multiples
P/E Multiple ¥43.25 ¥57.67 ¥72.09 63
P/S Multiple ¥25.62 ¥34.16 ¥42.71 58
P/B Multiple ¥23.57 ¥31.43 ¥39.29 55
EV/EBIT ¥46.08 ¥60.64 ¥75.20 53
EV/EBITDA ¥33.89 ¥44.38 ¥54.87 54
EV/Revenue ¥26.32 ¥36.57 ¥46.82 43
Asset-Based
NCAV (Graham) ¥3.93 ¥5.26 ¥7.86 50
Growth DCF
Growth DCF ¥41.42 ¥70.43 ¥119.43 80
Rev-Margin DCF ¥31.05 ¥50.05 ¥74.55 74
Economic Profit
Residual Income ¥15.34 ¥18.13 ¥60.65 76
ROIC Compounder ¥29.71 ¥37.16 ¥45.83 72
Growth Earnings
Growth-Adj P/E ¥35.42 ¥50.60 ¥65.77 68

Widest divergence: DCF Models (¥58.47) versus Asset-Based (¥5.26). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 22.9B CNY
Revenue growth (YoY) +1.7%
Net margin 9.2%
Return on equity 30.5%
Free cash flow 2.4B CNY FY2025
P/E ratio 15.9
More key figures
Operating margin 10.8%
EPS (TTM) ¥2.64
Dividend yield 6.2%
EPS growth (YoY) +1.6%
Net cash 2.3B CNY FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 71 · Market factors (momentum, volatility) 44

Profitability 74
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 84
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

Zhejiang Supor Co., Ltd. engages in the manufacture and sale of kitchen cookware and small appliances in China and internationally.The company offers aluminum and stainless steel cookware, wok, roaster, and pressure cooker; and electric pressure cooker, rice cooker, air fryer, electric kettle, high speed blender, breakfast combo, and home environmental …

Full company description

Zhejiang Supor Co., Ltd. engages in the manufacture and sale of kitchen cookware and small appliances in China and internationally.The company offers aluminum and stainless steel cookware, wok, roaster, and pressure cooker; and electric pressure cooker, rice cooker, air fryer, electric kettle, high speed blender, breakfast combo, and home environmental appliances. Its cookware and electrical products are primarily exported to Japan, Europe, the United States, and Southeast Asia. The company was founded in 1994 and is headquartered in Hangzhou, China. Zhejiang Supor Co., Ltd. operates as a subsidiary of SEB SA.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Supor Co reported revenue of ¥22.8B in FY2025 versus ¥21.6B in FY2021, a compound +1.3%/yr. Reported net income was ¥2.1B in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
22.8B CNY
Latest YoY
+1.5%
Avg. growth/yr (3Y)
+4.1%
Avg. growth/yr (5Y)
+4.1%
Avg. growth/yr (24Y)
+17.6%
Revenue +1.3%/yr
FY21 ¥21.6B
FY22 ¥20.2B
FY23 ¥21.3B
FY24 ¥22.4B
FY25 ¥22.8B
Net income +1.9%/yr
FY21 ¥1.9B
FY22 ¥2.1B
FY23 ¥2.2B
FY24 ¥2.2B
FY25 ¥2.1B

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Cite: Fair Value Calculator (2026). "Zhejiang Supor Co Fair Value". https://www.fairvalue-calculator.com/stock/002032

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 74 · Top 25%
Fair Value upside +9% · Above median
Return on equity (TTM) 31% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 11% · Top 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 15.9× · Cheaper than median
P/B 5.35× · Pricier than 75% of peers
P/S (TTM) 1.47× · Pricier than median
P/FCF 2.0× · Pricier than median
EV/EBITDA 12.6× · Pricier than median
PEG 1.91× · Pricier than median

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 45 · sector 26
FUTURE 9 · sector 0
PAST 100 · sector 19
HEALTH 100 · sector 98
DIVIDEND 100 · sector 55

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 Jul 21, 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%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%
Voltas Limited VOLTAS ₹1,350 ₹185.71 -86%

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Frequently asked questions

Is Zhejiang Supor Co (002032) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥44.84 versus a price of ¥41.11, about +9% (fairly valued).
What is the fair value of 002032?
Our model-based fair value for Zhejiang Supor Co is ¥44.84 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥41.11.
What is the quality score of 002032?
Zhejiang Supor Co has a Quality Score of 74/100. 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 Zhejiang Supor Co (002032)?
Zhejiang Supor Co reported trailing-twelve-month revenue of about 22.9B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 002032?
The net profit margin of Zhejiang Supor Co is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Supor Co pay a dividend?
Zhejiang Supor Co currently shows a dividend yield of about 6.20% relative to its recent price (as of Jul 21, 2026).

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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