CNlight Co Ltd (002076) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of CNlight Co Ltd ¥1.07, price ¥2.11, upside -49.3%, quality 37 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range ¥1.21 – ¥4.31 · fair‑value band ¥0.9400 – ¥1.14 · the ¥2.11 price screens above the ¥1.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 4, 2026.
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Cnlight Co.,Ltd manufactures and sells lighting products in China. It offers LED lighting, UV disinfection, automotive lighting, lithium battery production equipment, information security, and system integration. The company was founded in 1992 and is based in Foshan, China.
Stock analysis
CNlight Co Ltd (002076) currently trades at ¥2.11, while our model-based Fair Value estimate is ¥1.07, 49.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥0.2800 per share, and 0 of the 7 models we run sit above the ¥2.11 price.
Bear case: the Earnings-Based group reads lowest at ¥0.1600, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥0.9400 (bear) to ¥1.14 (bull), the price of ¥2.11 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 37/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
CNlight Co Ltd reported revenue of 380M CNY in FY2025 versus 155M CNY in FY2021, a compound +25.0%/yr. Reported net income was −3.8M CNY in FY2025.
Key figures
Market cap 2.3B CNY (≈ $349M) · P/S ratio 4.62 · EPS (TTM) ¥−0.0200 · Dividend yield 0.0% · Net margin −1.0% · Return on equity −9.6% · Return on assets (EBIT) −6.3% · Operating margin −11.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 3% fair-value upside, at −49%, 002076 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.0100 to ¥0.3700). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥0.9400Fair Value ¥1.07Bull ¥1.14
Price ¥2.11 · Upside -49.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.17/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+98.0%
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.
+34.5%
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.
+2.6%
Start year 2020 (pandemic). Over 10 years: −7.2% a year
Revenue growth 22 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.
+7.8%
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Profit margin (trend) ⓘ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.
−133.7% (2019) → −15.1% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Furnishings, Fixtures & Appliances · 304 stocks
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Cite: Fair Value Calculator (2026). "CNlight Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002076
Frequently asked questions
Is CNlight Co Ltd (002076) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ¥1.07 versus a price of ¥2.11, about −49% upside (overvalued).
What is the fair value of 002076?
Our model-based fair value for CNlight Co Ltd is ¥1.07 (as of Oct 4, 2026), built from audited fundamentals. The current price: ¥2.11.
What is the quality score of 002076?
CNlight Co Ltd has a Quality Score of 37/100. 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 CNlight Co Ltd (002076)?
Our model-based price target is the fair value of ¥1.07 (as of Oct 4, 2026) from 8 valuation models. Cautious scenario ¥0.9400, optimistic scenario ¥1.14. It is a calculation from audited fundamentals, not an analyst target.
What is the CNlight Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.07, about −49% upside versus a price of ¥2.11 (overvalued). Cautious scenario ¥0.9400, optimistic scenario ¥1.14. The calculation is refreshed regularly with new filings.
What is the revenue of CNlight Co Ltd (002076)?
CNlight Co Ltd reported trailing-twelve-month revenue of about 506M CNY (latest available figure, as of Oct 4, 2026).
Does CNlight Co Ltd pay a dividend?
CNlight Co Ltd currently shows a dividend yield of about 0.02% relative to its recent price (as of Oct 4, 2026).
What is the intrinsic value of CNlight Co Ltd (002076)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CNlight Co Ltd it is ¥1.07 per share (as of Oct 4, 2026), against a price of ¥2.11. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is CNlight Co Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 002076 trades above its calculated fair value: price ¥2.11, fair value ¥1.07, a gap of about −49% (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 002076?
No. The price is what the market pays today (¥2.11); the fair value is what the company's own numbers justify (¥1.07). For CNlight Co Ltd the two are ¥1.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is CNlight Co Ltd worth?
The market values CNlight Co Ltd at about 2.3B CNY (market capitalisation, as of Oct 4, 2026). Per share that is ¥2.11; our models calculate a fair value of ¥1.07 per share.
What do the bullish and bearish scenarios say about 002076?
Our models span a range for CNlight Co Ltd: cautious scenario ¥0.9400, base ¥1.07, optimistic ¥1.14 per share (as of Oct 4, 2026, price ¥2.11). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CNlight Co Ltd (002076)?
Balance-sheet figures for CNlight Co Ltd (as of Oct 4, 2026): return on equity −9.6%, debt of 0.04 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 002076 from its 52-week high?
CNlight Co Ltd trades at ¥2.11, about 25% below its 52-week high of ¥2.80 and 18% above the low of ¥1.79 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.07 is for.
Which stocks are comparable to CNlight Co Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, King Slide Works Co, Gree Electric Appliances, Inc, Haier Smart Home Co, 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 CNlight Co Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price ¥2.11, calculated fair value ¥1.07 (−49%), Quality Score 37/100, from 8 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 002076 calculated?
We run CNlight Co Ltd through 8 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 ¥1.07, 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 14.9 % above its aggregate fair value. CNlight Co Ltd 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 CNlight Co Ltd (002076)?
The closing price on Sep 30, 2026 was ¥2.11. Our model-based fair value is ¥1.07, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CNlight Co Ltd right now?
The price sits above even our optimistic bull case (¥1.14). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of CNlight Co Ltd
How large is the market capitalisation of CNlight Co Ltd (002076)?
The market capitalisation of CNlight Co Ltd is 2.3B CNY (≈ $349M). 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 CNlight Co Ltd (002076)?
The price-to-sales ratio of CNlight Co Ltd is 4.62 (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 CNlight Co Ltd (002076)?
Earnings per share at CNlight Co Ltd are ¥−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CNlight Co Ltd (002076)?
The dividend yield of CNlight Co Ltd is 0.0%. 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 CNlight Co Ltd (002076)?
The net margin of CNlight Co Ltd is −1.0% (fiscal year 2025). 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 CNlight Co Ltd (002076)?
The return on equity (ROE) of CNlight Co Ltd is −9.6% (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 CNlight Co Ltd (002076)?
On an EBIT basis the return on assets of CNlight Co Ltd is −6.3% (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 CNlight Co Ltd (002076)?
The operating margin of CNlight Co Ltd is −11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CNlight Co Ltd (002076)?
Revenue at CNlight Co Ltd is growing +137% versus a year earlier (3y avg +34.5%). 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 CNlight Co Ltd (002076)?
Earnings per share at CNlight Co Ltd are growing +25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does CNlight Co Ltd (002076) generate?
The free cash flow of CNlight Co Ltd is −90.5M 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 cash does CNlight Co Ltd (002076) hold?
CNlight Co Ltd holds more cash than debt, 67.5M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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