Shenzhen Topband Co (002139) Fair Value & Analysis

Technology · CN · Market cap 12.1B CNY

A solid business, but screening 15% overvalued on our models.

What matters now

• Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from ¥6.53 (bear) to ¥10.89 (bull), base ¥8.71. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 52/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

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 ¥6.40 – ¥21.54 · fair‑value band ¥6.53 – ¥10.89 · the ¥10.24 price screens above the ¥8.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Shenzhen Topband Co (002139) currently trades at ¥10.24, while our model-based Fair Value estimate is ¥8.71, implying the stock looks roughly 14.9% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Technology 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, Shenzhen Topband Co generated revenue of 11.1B CNY at a net margin of 2.0%. Revenue declined 1.0% year over year. It earns a return on equity of 3.1%. The balance sheet holds a net cash position of 202M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥6.53 (bear case) to ¥10.89 (bull case); at ¥10.24, 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 39% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -15%, 002139 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.

Widest divergence: Growth Earnings (¥7.44) versus DCF Models (¥2.70). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Shenzhen Topband Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of intelligent control system solutions in China and internationally.

Full company description

Shenzhen Topband Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of intelligent control system solutions in China and internationally. The company offers power tool, garden and landscape tool, lightning tool, and measuring tool solutions; ODM complete machine, intelligent controllers, motors, battery packs, and chargers; and kitchen appliances, refrigeration washing and bathroom appliances, daily use electrical solutions, personal care and health appliances, smart home, and commercial appliances. It also provides electrical mobility, commercial and industrial, RV and marine, communication and power backup, charging stations, residential, and personal application solutions; and energy storage systems, inverters, cloud, light duty batteries, BMS/PCS/EMS, and cells, as well as RV, marine, and off-grid power products. In addition, the company offers driving and industrial vehicle electrification solutions; EV chargers, industrial vehicle power, and LiDAR rotating mirror motor; service, mower, humanoid, and industrial robot solutions; and coreless motor, drive system, controllers, and CHUJI cooking robot. Shenzhen Topband Co., Ltd. was incorporated in 1996 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 Topband Co reported revenue of ¥11.1B in FY2025 versus ¥7.8B in FY2021, a compound +9.3%/yr. Reported net income was ¥364M in FY2025, compounding −10.4%/yr from FY2021.

002139 screens 15% overvalued. Compare with Delta Electronics, Inc →

Peer Group

Electronic Components · 626 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.

Valuation Multiples vs Electronic Components median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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Frequently asked questions

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.