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ShenZhen Woer Heat-Shrinkable Material Co (002130) Fair Value & Analysis

Industrials · CN · Market cap 28.7B CNY

SW ShenZhen Woer Heat-Shrinkable Material Co 002130 · SHE
Price¥17.23
Fair Value¥17.50
Upside+1.6%
Quality55/100
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Expensive Growth
Solidly profitable · 12.9% net margin
Low debt · generates free cash flow
0.86% dividend yield
Ranks above peers (9/14)
Moderate moat 57/100
Evidence: High Range ¥10.05 – ¥32.88 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥18.92 to ¥17.50 (−7.5%) since Jun 25, 2026. Share price −2.3% over the past month.

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

What matters now

  • The model range is unusually wide (¥10.05 to ¥32.88). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

¥34.19 ¥4.80 Fair Value ¥17.50 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥4.80 – ¥34.19 · fair‑value band ¥10.05 – ¥32.88 · the ¥17.23 price screens below the ¥17.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

ShenZhen Woer Heat-Shrinkable Material Co (002130) currently trades at ¥17.23, while our model-based Fair Value estimate is ¥17.50, implying the stock looks roughly 1.6% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Industrials 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, ShenZhen Woer Heat-Shrinkable Material Co generated revenue of 8.7B CNY at a net margin of 12.9%. Revenue grew 15.5% year over year. It earns a return on equity of 15.1%. Net debt stands at 77.6M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥10.05 (bear case) to ¥32.88 (bull case); at ¥17.23, 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 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 2%, 002130 screens cheaper 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 ¥1.90 ¥3.30 ¥6.01 80
Residual Income ¥5.99 ¥8.10 ¥31.22 76
Rev-Margin DCF ¥7.29 ¥15.77 ¥28.64 74
All 26 models by family
DCF Models
FCF DCF ¥1.98 ¥3.01 ¥6.03 38
Owner Earnings ¥5.22 ¥11.36 ¥24.25 31
5Y Revenue Exit ¥7.29 ¥14.77 ¥29.71 39
5Y EBITDA Exit ¥10.22 ¥21.06 ¥41.25 41
5Y P/E Exit ¥10.94 ¥25.21 ¥44.08 38
10Y Revenue Exit ¥5.38 ¥13.88 ¥24.27 36
10Y EBITDA Exit ¥7.81 ¥19.52 ¥42.28 37
10Y P/E Exit ¥8.32 ¥20.92 ¥43.80 35
Earnings-Based
Graham-Dodd ¥6.13 ¥42.73 ¥59.97 54
Lynch FV ¥13.09 ¥18.70 ¥24.31 50
PEG = 1.0 ¥13.09 ¥18.70 ¥24.31 46
EPV ¥9.02 ¥10.45 ¥11.71 59
Dividend Discount
Gordon GGM ¥1.66 ¥3.45 ¥5.48 70
DDM Multi-Stage ¥1.66 ¥2.91 ¥3.63 61
Multiples
P/E Multiple ¥14.19 ¥18.92 ¥23.65 63
P/S Multiple ¥10.06 ¥13.41 ¥16.77 58
P/B Multiple ¥11.49 ¥15.32 ¥19.15 55
EV/EBIT ¥14.73 ¥19.50 ¥24.28 53
EV/EBITDA ¥13.58 ¥17.97 ¥22.36 54
EV/Revenue ¥8.86 ¥12.48 ¥16.10 43
Asset-Based
NCAV (Graham) ¥2.58 ¥3.46 ¥5.16 50
Growth DCF
Growth DCF ¥1.90 ¥3.30 ¥6.01 80
Rev-Margin DCF ¥7.29 ¥15.77 ¥28.64 74
Economic Profit
Residual Income ¥5.99 ¥8.10 ¥31.22 76
ROIC Compounder ¥11.23 ¥16.59 ¥22.19 72
Growth Earnings
Growth-Adj P/E ¥17.71 ¥25.29 ¥32.88 68

Widest divergence: Growth Earnings (¥25.29) versus Dividend Discount (¥2.91). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 8.7B CNY
Revenue growth (YoY) +15.5%
Net margin 12.9%
Return on equity 15.1%
Free cash flow 124M CNY FY2025
P/E ratio 23.1
More key figures
Operating margin 15.2%
EPS (TTM) ¥0.8900
Dividend yield 0.9%
EPS growth (YoY) -14.2%
Net debt 77.6M CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 23

Profitability 50
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 83
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

ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., together with its subsidiaries, provides electrical and mechanical insulations solutions in China and internationally. It operates through five segments: Electronic Materials, Communication Cables, Power, New Energy, and Wind Power Generation.

Full company description

ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., together with its subsidiaries, provides electrical and mechanical insulations solutions in China and internationally. It operates through five segments: Electronic Materials, Communication Cables, Power, New Energy, and Wind Power Generation. The company offers heat shrinkable sleeves, busbar tubes, and cable accessories; cable branch boxes; ring network cabinets; high and low voltage switchgears; WQFB fully insulated closed busbar tubes; environmentally friendly high temperature silicone wires; high-temperature resistant PTFE casings; conductor connecting pipes; heat shrinkable composite double-wall pipes; silicone rubber pipes; PTFE casings; civil anti-skid pattern tubes; halogen-free environmentally friendly PE cross-linked wires, etc. It also provides dual and single wall, wire and pipeline protection, and wire and cable identification products; heat and cold shrink cable accessories; separable connectors mated products, accessories, busbar connecting systems, and inner cone plug-in products; cables and wires, chargers, and connectors; water proofing, flame retardant, and insulation products; and TEFA-ESD foam products. Its offerings are used in electronics, power, metallurgy, petrochemical, automobile, high-speed rail, coal mine, and aerospace industries. The company also exports its products to Europe, the United States, Southeast Asia, and internatrionally. ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. was founded in 1998 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ShenZhen Woer Heat-Shrinkable Material Co reported revenue of ¥8.5B in FY2025 versus ¥5.4B in FY2021, a compound +11.8%/yr. Reported net income was ¥1.1B in FY2025, compounding +19.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
8.5B CNY
Latest YoY
+22.0%
Avg. growth/yr (3Y)
+16.5%
Avg. growth/yr (5Y)
+15.6%
Avg. growth/yr (22Y)
+25.0%
Revenue +11.8%/yr
FY21 ¥5.4B
FY22 ¥5.3B
FY23 ¥5.7B
FY24 ¥6.9B
FY25 ¥8.5B
Net income +19.7%/yr
FY21 ¥553M
FY22 ¥615M
FY23 ¥700M
FY24 ¥848M
FY25 ¥1.1B

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Cite: Fair Value Calculator (2026). "ShenZhen Woer Heat-Shrinkable Material Co Fair Value". https://www.fairvalue-calculator.com/stock/002130

Peer Group

Electrical Equipment & Parts · 528 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 55 · Above median
Fair Value upside +2% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 16% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 23.1× · Cheaper than median
P/B 4.42× · Pricier than median
P/S (TTM) 3.29× · Pricier than median
P/FCF 34.4× · Pricier than 75% of peers
EV/EBITDA 16.9× · Cheaper 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 35 · sector 0
FUTURE 78 · sector 57
PAST 60 · sector 26
HEALTH 94 · sector 97
DIVIDEND 17 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is ShenZhen Woer Heat-Shrinkable Material Co (002130) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥17.50 versus a price of ¥17.23, about +2% (fairly valued).
What is the fair value of 002130?
Our model-based fair value for ShenZhen Woer Heat-Shrinkable Material Co is ¥17.50 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥17.23.
What is the quality score of 002130?
ShenZhen Woer Heat-Shrinkable Material Co has a Quality Score of 55/100. 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 ShenZhen Woer Heat-Shrinkable Material Co (002130)?
ShenZhen Woer Heat-Shrinkable Material Co reported trailing-twelve-month revenue of about 8.7B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002130?
The net profit margin of ShenZhen Woer Heat-Shrinkable Material Co is about 12.9%, meaning it keeps roughly 12.9% of revenue as net income. Based on the latest reported figures.
Does ShenZhen Woer Heat-Shrinkable Material Co pay a dividend?
ShenZhen Woer Heat-Shrinkable Material Co currently shows a dividend yield of about 0.86% relative to its recent price (as of Jul 22, 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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