Sanlux Co Ltd (002224) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sanlux Co Ltd stock ¥1.01, price ¥3.43, that is 70.6% below the price, quality 30 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥3.25 – ¥6.12 · fair‑value band ¥0.9500 – ¥1.06 · the ¥3.43 price screens above the ¥1.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Sanlux Co.,Ltd engages in the research and development, production, and sale of rubber V-belts in China and internationally.
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The company offers classical, narrow, banded classical, banded narrow, double, dry fabric, high load industrial classical, industrial raw edge, automotive raw edge, agriculture raw edge, snow bike raw edge, agriculture banded, agricultural machinery H series cogged, and micro-cultivator V-belt products.
It also provides industrial and automotive ribbed, motorcycle, and agriculture variable speed belts; special V-belt products for knitting machine, as well as cogged V-belt for peanuts machine; and conveyor, synchronous, and other belt products The company offers solutions to general machinery, agriculture machinery, automotive, and other applications.
Sanlux Co.,Ltd was founded in 1984 and is headquartered in Shaoxing, China.
Stock analysis
Sanlux Co Ltd (002224) currently trades at ¥3.43, while our model-based Fair Value estimate is ¥1.01, 71% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.79 per share, and 1 of the 15 models we run sit above the ¥3.43 price.
Bear case: the Earnings-Based group reads lowest at ¥0.3000, and 14 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥0.9500 (bear) to ¥1.06 (bull), the price of ¥3.43 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 30/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sanlux Co Ltd reported revenue of 1.1B CNY in FY2025 versus 978M CNY in FY2021, a compound +1.8%/yr. Reported net income was 18.4M CNY in FY2025, compounding −36.5%/yr from FY2021.
Key figures
Market cap 3.1B CNY (≈ $464M) Small · P/S ratio 2.79 · EPS (TTM) ¥−0.0200 · Dividend yield 0.4% · Net margin −1.1% · Return on equity −0.8% · Return on assets (EBIT) 2.2% (5-year average) · Operating margin −9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −71%, 002224 screens richer than that median.
Fair Value models
Bear¥0.9500Fair Value ¥1.01Bull¥1.06
Price ¥3.43 · Downside -70.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.26/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+17.5%
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.
+5.7%
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.
+3.1%
Start year 2020 (pandemic). Over 10 years: +1.2% a year
Revenue growth 21 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.
+6.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−35.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.0%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘ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.−36.0% vs −24.5%, slowing
Profit margin 2020 to 2025 ⓘ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.23% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.3%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−70.6% · Bottom 25%
Profitability
Return on assets0.6% · Bottom 25%
Net margin (12 months)−1.5% · Bottom 25%
Operating margin (12 months)−9.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)19.3% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/B0.96× · Cheapest 25%
P/S (12 months)3.84× · Pricier than median
EV/EBITDA54.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)97· sector 31
PAST (return on equity)0· sector 27
HEALTH (low debt)97· sector 96
DIVIDEND (yield)9· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sanlux Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002224
Frequently asked questions
Is Sanlux Co Ltd (002224) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥1.01 versus a price of ¥3.43, about 71% lower (overvalued).
What is the fair value of 002224?
Our model-based fair value for Sanlux Co Ltd is ¥1.01 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥3.43.
What is the quality score of 002224?
Sanlux Co Ltd has a Quality Score of 30/100. 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 Sanlux Co Ltd (002224)?
Our model-based price target is the fair value of ¥1.01 (as of Nov 5, 2026) from 15 valuation models. Cautious scenario ¥0.9500, optimistic scenario ¥1.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Sanlux Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.01, about 71% lower versus a price of ¥3.43 (overvalued). Cautious scenario ¥0.9500, optimistic scenario ¥1.06. The calculation is refreshed regularly with new filings.
What is the revenue of Sanlux Co Ltd (002224)?
Sanlux Co Ltd reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Nov 5, 2026).
Does Sanlux Co Ltd pay a dividend?
Sanlux Co Ltd currently shows a dividend yield of 0.44% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Sanlux Co Ltd (002224) and when is the ex-dividend date?
Sanlux Co Ltd pays a dividend of ¥0.015 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Jun 16, 2026. A dividend has been paid every year since at least 2009. The payout ratio is 73.7% of earnings. Our assessment: Token dividend. At a yield of 0.4% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.4% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Sanlux Co Ltd (002224)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sanlux Co Ltd it is ¥1.01 per share (as of Nov 5, 2026), against a price of ¥3.43. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Sanlux Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 002224 trades above its calculated fair value: price ¥3.43, fair value ¥1.01, a gap of about −71% (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 002224?
No. The price is what the market pays today (¥3.43); the fair value is what the company's own numbers justify (¥1.01). For Sanlux Co Ltd the two are ¥2.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sanlux Co Ltd worth?
The market values Sanlux Co Ltd at about 3.1B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥3.43; our models calculate a fair value of ¥1.01 per share.
What do the bullish and bearish scenarios say about 002224?
Our models span a range for Sanlux Co Ltd: cautious scenario ¥0.9500, base ¥1.01, optimistic ¥1.06 per share (as of Nov 5, 2026, price ¥3.43). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sanlux Co Ltd (002224)?
Balance-sheet figures for Sanlux Co Ltd (as of Nov 5, 2026): return on equity −0.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is 002224 from its 52-week high?
Sanlux Co Ltd trades at ¥3.43, about 31% below its 52-week high of ¥4.97 and 6% above the low of ¥3.25 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.01 is for.
Which stocks are comparable to Sanlux Co Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Sanlux Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥3.43, calculated fair value ¥1.01 (−71%), Quality Score 30/100, from 15 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 002224 calculated?
We run Sanlux Co Ltd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥1.01 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Sanlux 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 Sanlux Co Ltd (002224)?
The closing price on Nov 6, 2026 was ¥3.43. Our model-based fair value is ¥1.01, about 71% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sanlux Co Ltd right now?
The price sits above even our optimistic bull case (¥1.06). The favourable scenario is already priced in. Weak quality (30/100) 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. The models converge in a tight band (¥0.9500 to ¥1.06), unusually little disagreement for a valuation.
Where does the earnings growth of Sanlux Co Ltd (002224) come from?
Earnings per share at Sanlux Co Ltd grew −14.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share −1.9 %, EBIT margin −11.5 %, tax rate −1.2 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sanlux Co Ltd
How large is the market capitalisation of Sanlux Co Ltd (002224)?
The market capitalisation of Sanlux Co Ltd is 3.1B CNY (≈ $464M). 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 Sanlux Co Ltd (002224)?
The price-to-sales ratio of Sanlux Co Ltd is 2.79 (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 Sanlux Co Ltd (002224)?
Earnings per share at Sanlux 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 Sanlux Co Ltd (002224)?
The dividend yield of Sanlux Co Ltd is 0.4%. 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 Sanlux Co Ltd (002224)?
The net margin of Sanlux Co Ltd is −1.1% (last twelve months). 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 Sanlux Co Ltd (002224)?
The return on equity (ROE) of Sanlux Co Ltd is −0.8% (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 Sanlux Co Ltd (002224)?
On an EBIT basis the return on assets of Sanlux Co Ltd is 2.2% (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 Sanlux Co Ltd (002224)?
The operating margin of Sanlux Co Ltd is −9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sanlux Co Ltd (002224)?
Revenue at Sanlux Co Ltd is growing +19.3% versus a year earlier (3y avg +5.7%). 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 Sanlux Co Ltd (002224)?
Earnings per share at Sanlux Co Ltd are growing +322% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sanlux Co Ltd (002224) generate?
The free cash flow of Sanlux Co Ltd is −121M 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 Sanlux Co Ltd (002224) hold?
Sanlux Co Ltd holds more cash than debt, 1.1B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 5, 2026