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Zhejiang Asia-Pacific Mechanical & Electronic Co (002284) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 8.0B CNY

ZA Zhejiang Asia-Pacific Mechanical & Electronic Co 002284 · SHE
Price¥9.48
Fair Value¥12.72
Upside+34.2%
Quality68/100
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Healthy Growth
Thin margins · 9.3% net margin
Low debt · generates free cash flow
0.92% dividend yield
Ranks above peers (11/14)
Moderate moat 52/100
Evidence: High Range ¥9.58 – ¥15.85 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 ¥13.25 to ¥12.72 (−4.0%) since Jun 25, 2026. Share price −3.6% over the past month.

A solid business, screening 34% undervalued on our models.

What matters now

  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from ¥9.58 (bear) to ¥15.85 (bull), base ¥12.72. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥17.27 ¥4.79 Fair Value ¥12.72 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 ¥4.79 – ¥17.27 · fair‑value band ¥9.58 – ¥15.85 · the ¥9.48 price screens below the ¥12.72 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

Zhejiang Asia-Pacific Mechanical & Electronic Co (002284) currently trades at ¥9.48, while our model-based Fair Value estimate is ¥12.72, implying the stock looks roughly 34.2% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical 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, Zhejiang Asia-Pacific Mechanical & Electronic Co generated revenue of 5.7B CNY at a net margin of 9.3%. Revenue grew 7.9% year over year. It earns a return on equity of 16.3%. The balance sheet holds a net cash position of 133M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥9.58 (bear case) to ¥15.85 (bull case); at ¥9.48, the current price sits below 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 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 34%, 002284 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 ¥18.37 ¥28.22 ¥43.42 80
Residual Income ¥4.43 ¥5.81 ¥16.95 76
Rev-Margin DCF ¥12.05 ¥16.98 ¥23.11 74
All 26 models by family
DCF Models
FCF DCF ¥18.37 ¥28.83 ¥45.39 38
Owner Earnings ¥8.59 ¥12.59 ¥18.93 31
5Y Revenue Exit ¥12.05 ¥16.87 ¥23.00 39
5Y EBITDA Exit ¥13.57 ¥19.90 ¥27.41 41
5Y P/E Exit ¥14.49 ¥21.70 ¥29.56 38
10Y Revenue Exit ¥13.98 ¥19.09 ¥26.09 36
10Y EBITDA Exit ¥15.15 ¥21.20 ¥29.55 37
10Y P/E Exit ¥15.73 ¥22.47 ¥31.24 35
Earnings-Based
Graham-Dodd ¥4.51 ¥18.01 ¥24.48 54
Lynch FV ¥4.47 ¥6.39 ¥8.31 50
PEG = 1.0 ¥4.47 ¥6.39 ¥8.31 46
EPV ¥8.47 ¥9.41 ¥10.22 59
Dividend Discount
Gordon GGM ¥0.4400 ¥0.8800 ¥1.33 70
DDM Multi-Stage ¥0.4400 ¥0.7600 ¥0.9200 61
Multiples
P/E Multiple ¥10.94 ¥14.59 ¥18.24 63
P/S Multiple ¥6.83 ¥9.10 ¥11.38 58
P/B Multiple ¥8.46 ¥11.27 ¥14.09 55
EV/EBIT ¥12.33 ¥15.60 ¥18.87 53
EV/EBITDA ¥11.93 ¥15.06 ¥18.20 54
EV/Revenue ¥8.90 ¥11.63 ¥14.36 43
Asset-Based
NCAV (Graham) ¥2.28 ¥3.05 ¥4.55 50
Growth DCF
Growth DCF ¥18.37 ¥28.22 ¥43.42 80
Rev-Margin DCF ¥12.05 ¥16.98 ¥23.11 74
Economic Profit
Residual Income ¥4.43 ¥5.81 ¥16.95 76
ROIC Compounder ¥9.03 ¥10.78 ¥12.83 72
Growth Earnings
Growth-Adj P/E ¥8.09 ¥11.56 ¥15.03 68

Widest divergence: DCF Models (¥19.90) versus Dividend Discount (¥0.7600). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.7B CNY
Revenue growth (YoY) +7.9%
Net margin 9.3%
Return on equity 16.3%
Free cash flow 1.0B CNY FY2025
P/E ratio 15.1
More key figures
Operating margin 10.5%
EPS (TTM) ¥0.7200
Dividend yield 0.9%
EPS growth (YoY) +41.2%
Net cash 133M CNY FY2024

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 27

Profitability 42
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 81
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

Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd engages in the development, production, and sale of automotive parts and accessories in China and internationally. It offers automotive basic brake systems, automotive chassis electronic intelligent control systems, wheel motors, and wire-controlled chassis.

Full company description

Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd engages in the development, production, and sale of automotive parts and accessories in China and internationally. It offers automotive basic brake systems, automotive chassis electronic intelligent control systems, wheel motors, and wire-controlled chassis. The company also provides electronics, intelligent driving, hub motors, brake calipers, brake disc, disc brake assembly, drum brakes, pumps, and commercial vehicle brake products. Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd was incorporated in 2000 and is headquartered in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Asia-Pacific Mechanical & Electronic Co reported revenue of ¥5.6B in FY2025 versus ¥3.6B in FY2021, a compound +11.5%/yr. Reported net income was ¥490M in FY2025, compounding +82.8%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
5.6B CNY
Latest YoY
+31.6%
Avg. growth/yr (3Y)
+14.4%
Avg. growth/yr (5Y)
+13.9%
Avg. growth/yr (19Y)
+12.0%
Revenue +11.5%/yr
FY21 ¥3.6B
FY22 ¥3.7B
FY23 ¥3.9B
FY24 ¥4.3B
FY25 ¥5.6B
Net income +82.8%/yr
FY21 ¥43.9M
FY22 ¥67.9M
FY23 ¥97.0M
FY24 ¥213M
FY25 ¥490M

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Cite: Fair Value Calculator (2026). "Zhejiang Asia-Pacific Mechanical & Electronic Co Fair Value". https://www.fairvalue-calculator.com/stock/002284

Peer Group

Auto Parts · 642 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 68 · Top 25%
Fair Value upside +34% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 15.1× · Cheaper than median
P/B 2.39× · Pricier than median
P/S (TTM) 1.41× · Pricier than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 8.2× · 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 79 · sector 17
FUTURE 40 · sector 23
PAST 65 · sector 26
HEALTH 99 · sector 95
DIVIDEND 18 · sector 30

Insider activity: 45/100

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

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Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Zhejiang Asia-Pacific Mechanical & Electronic Co (002284) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥12.72 versus a price of ¥9.48, about +34% (undervalued).
What is the fair value of 002284?
Our model-based fair value for Zhejiang Asia-Pacific Mechanical & Electronic Co is ¥12.72 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥9.48.
What is the quality score of 002284?
Zhejiang Asia-Pacific Mechanical & Electronic Co has a Quality Score of 68/100. 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 Zhejiang Asia-Pacific Mechanical & Electronic Co (002284)?
Zhejiang Asia-Pacific Mechanical & Electronic Co reported trailing-twelve-month revenue of about 5.7B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002284?
The net profit margin of Zhejiang Asia-Pacific Mechanical & Electronic Co is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Asia-Pacific Mechanical & Electronic Co pay a dividend?
Zhejiang Asia-Pacific Mechanical & Electronic Co currently shows a dividend yield of about 0.92% 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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