Zhejiang Crystal-Optech Co (002273) Fair Value & Analysis

Technology · CN · Market cap 50.7B CNY

A solid business, but screening 39% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥21.08). The favourable scenario is already priced in.
• Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (¥10.23 to ¥21.08) leaves room in how you read the outcome.

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 ¥7.98 – ¥43.50 · fair‑value band ¥10.23 – ¥21.08 · the ¥27.63 price screens above the ¥16.86 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 →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Zhejiang Crystal-Optech Co (002273) currently trades at ¥27.63, while our model-based Fair Value estimate is ¥16.86, implying the stock looks roughly 39.0% overvalued today. The Quality Score stands at 63/100 (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: high).

Over the trailing twelve months, Zhejiang Crystal-Optech Co generated revenue of 7.2B CNY at a net margin of 16.7%. Revenue grew 16.1% year over year. It earns a return on equity of 11.7%. The balance sheet holds a net cash position of 2.0B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥10.23 (bear case) to ¥21.08 (bull case); at ¥27.63, the current price sits above 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 37% below its 52-week high and 48% 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 -39%, 002273 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 (¥23.36) versus Asset-Based (¥4.71). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Zhejiang Crystal-Optech Co., Ltd engages in the research, development, and sale of optical and optoelectronics products in China.

Full company description

Zhejiang Crystal-Optech Co., Ltd engages in the research, development, and sale of optical and optoelectronics products in China. The company offers micro light engine, reflective and diffractive optical waveguide, narrow bandpass filters, lens, micro prism assembly, patterned wafers, infrared cut filter and assemblies, diffractive optical elements, reflective black coating, optical low pass filters, rear camera cover glass assemblies, touch ID, smartwatch covers, and screen protectors. It also provides automotive optoelectronics, such as W-HUD, AR-HUD, air projection, lithographic patterned products, lidar optical window, LCOS PGU module, PGU module, smart headlight, hybrid IRCF, freeform reflecting mirror, flat reflector, CMOS cover, automotive CMOS cover, CMS systems, OMS camera, and DMS camera. The company was founded in 2002 and is headquartered in Taizhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Crystal-Optech Co reported revenue of ¥6.9B in FY2025 versus ¥3.8B in FY2021, a compound +16.1%/yr. Reported net income was ¥1.2B in FY2025, compounding +27.6%/yr from FY2021.

002273 screens 39% 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.

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Explore undervalued stocks

More undervalued Technology stocks →

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.