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Ningbo Ligong Environment And Energy Technology Co (002322) Fair Value & Analysis

Industrials · CN · Market cap 3.9B CNY

NL Ningbo Ligong Environment And Energy Technology Co 002322 · SHE
Price¥10.68
Fair Value¥12.34
Upside+15.5%
Quality73/100
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Weak Growth
Solidly profitable · 19.1% net margin
generates free cash flow
5.65% dividend yield
Ranks above peers (11/13)
Moderate moat 54/100
Evidence: High Range ¥9.25 – ¥15.42 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price +8.8% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • Our model range runs from ¥9.25 (bear) to ¥15.42 (bull), base ¥12.34. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 73/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥14.83 ¥6.14 Fair Value ¥12.34 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 ¥6.14 – ¥14.83 · fair‑value band ¥9.25 – ¥15.42 · the ¥10.68 price screens below the ¥12.34 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

Ningbo Ligong Environment And Energy Technology Co (002322) currently trades at ¥10.68, while our model-based Fair Value estimate is ¥12.34, implying the stock looks roughly 15.5% undervalued today. The Quality Score stands at 73/100 (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, Ningbo Ligong Environment And Energy Technology Co generated revenue of 1.1B CNY at a net margin of 19.1%. Revenue declined 9.0% year over year. It earns a return on equity of 7.1%. The balance sheet holds a net cash position of 598M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥9.25 (bear case) to ¥15.42 (bull case); at ¥10.68, 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 30% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at 16%, 002322 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
Residual Income ¥6.32 ¥6.73 ¥7.27 76
Growth DCF ¥13.57 ¥20.63 ¥31.26 72
Gordon GGM ¥5.61 ¥11.17 ¥16.92 70
All 26 models by family
DCF Models
FCF DCF ¥13.50 ¥20.81 ¥32.00 38
Owner Earnings ¥9.77 ¥14.84 ¥22.61 31
5Y Revenue Exit ¥7.94 ¥10.71 ¥14.13 39
5Y EBITDA Exit ¥10.70 ¥16.06 ¥22.34 41
5Y P/E Exit ¥10.98 ¥16.60 ¥22.59 38
10Y Revenue Exit ¥9.75 ¥12.83 ¥16.82 36
10Y EBITDA Exit ¥11.61 ¥16.52 ¥23.13 37
10Y P/E Exit ¥11.78 ¥16.89 ¥23.32 35
Earnings-Based
Graham-Dodd ¥4.00 ¥14.42 ¥19.44 54
Lynch FV ¥3.41 ¥4.88 ¥6.34 50
PEG = 1.0 ¥3.41 ¥4.88 ¥6.34 46
EPV ¥7.05 ¥7.96 ¥8.74 59
Dividend Discount
Gordon GGM ¥5.61 ¥11.17 ¥16.92 70
DDM Multi-Stage ¥5.61 ¥9.65 ¥11.79 61
Multiples
P/E Multiple ¥9.25 ¥12.34 ¥15.42 63
P/S Multiple ¥4.46 ¥5.95 ¥7.44 58
P/B Multiple ¥7.49 ¥9.99 ¥12.49 55
EV/EBIT ¥10.56 ¥13.64 ¥16.73 53
EV/EBITDA ¥10.07 ¥13.00 ¥15.92 54
EV/Revenue ¥5.05 ¥6.66 ¥8.26 43
Asset-Based
NCAV (Graham) ¥3.85 ¥5.16 ¥7.70 50
Growth DCF
Growth DCF ¥13.57 ¥20.63 ¥31.26 72
Rev-Margin DCF ¥7.94 ¥10.85 ¥14.40 67
Economic Profit
Residual Income ¥6.32 ¥6.73 ¥7.27 76
ROIC Compounder ¥7.05 ¥8.16 ¥10.09 67
Growth Earnings
Growth-Adj P/E ¥6.49 ¥9.27 ¥12.05 68

Widest divergence: DCF Models (¥16.06) versus Earnings-Based (¥4.88). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.1B CNY
Revenue growth (YoY) -9.0%
Net margin 19.1%
Return on equity 7.1%
Free cash flow 397M CNY FY2025
P/E ratio 18.0
More key figures
Operating margin 14.7%
EPS (TTM) ¥0.5900
Dividend yield 5.7%
EPS growth (YoY) -22.2%
Net cash 598M CNY FY2024

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 73 · Market factors (momentum, volatility) 38

Profitability 45
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 60
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

Ningbo Ligong Environment And Energy Technology Co.,Ltd, together with its subsidiaries, engages in the research, development, production, sale, and servicing of online monitoring equipment for the electric power industry in the People's Republic of China.

Full company description

Ningbo Ligong Environment And Energy Technology Co.,Ltd, together with its subsidiaries, engages in the research, development, production, sale, and servicing of online monitoring equipment for the electric power industry in the People's Republic of China. It operates through Online Power Monitoring Measurement System, Electricity Cost Soft Item, Water Quality Monitoring Equipment Note, Water Quality and Air Transport Dimension, and Others segments. The company offers smart grid online monitoring solutions, which cover substation monitoring, transmission class, scheduling class, power quality class, and others; environmental monitoring solutions; environmental protection and power information solutions; and environmental governance solutions comprising heavy metal treatment, soil repair, wastewater treatment, and atmospheric desulfurization and denitrification. It also engages in the sale of power cost estimation software and water quality monitoring testing equipment; soil remediation; operation and maintenance services; and software and information technology, financial, real estate, service, and construction activities. The company was formerly known as Ningbo Ligong Online Monitoring Technology Co., Ltd. and changed its name to Ningbo Ligong Environment And Energy Technology Co.,Ltd in April 2016. Ningbo Ligong Environment And Energy Technology Co.,Ltd was incorporated in 2000 and is headquartered in Ningbo, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ningbo Ligong Environment And Energy Technology Co reported revenue of ¥1.1B in FY2025 versus ¥1.1B in FY2021, a compound −0.6%/yr. Reported net income was ¥215M in FY2025, compounding +31.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.1B CNY
Latest YoY
+0.8%
Avg. growth/yr (3Y)
+3.8%
Avg. growth/yr (5Y)
−0.9%
Avg. growth/yr (19Y)
+13.8%
Revenue −0.6%/yr
FY21 ¥1.1B
FY22 ¥973M
FY23 ¥1.1B
FY24 ¥1.1B
FY25 ¥1.1B
Net income +31.9%/yr
FY21 ¥71.1M
FY22 ¥215M
FY23 ¥246M
FY24 ¥277M
FY25 ¥215M

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Cite: Fair Value Calculator (2026). "Ningbo Ligong Environment And Energy Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/002322

Peer Group

Tools & Accessories · 120 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 73 · Top 25%
Fair Value upside +16% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 5% · Above median
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 5.7% · Top 25%

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 18.0× · Cheaper than median
P/B 1.38× · Cheaper than median
P/S (TTM) 3.61× · Pricier than 75% of peers
P/FCF 1.5× · Cheaper than median
EV/EBITDA 12.0× · 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 54 · sector 3
FUTURE 0 · sector 14
PAST 28 · sector 28
HEALTH 0 · sector 96
DIVIDEND 100 · sector 36

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.

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SFS Group SFSN CHF 140.00 CHF 118.30 -16%
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Frequently asked questions

Is Ningbo Ligong Environment And Energy Technology Co (002322) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥12.34 versus a price of ¥10.68, about +16% (undervalued).
What is the fair value of 002322?
Our model-based fair value for Ningbo Ligong Environment And Energy Technology Co is ¥12.34 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥10.68.
What is the quality score of 002322?
Ningbo Ligong Environment And Energy Technology Co has a Quality Score of 73/100. 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 Ningbo Ligong Environment And Energy Technology Co (002322)?
Ningbo Ligong Environment And Energy Technology Co reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002322?
The net profit margin of Ningbo Ligong Environment And Energy Technology Co is about 19.1%, meaning it keeps roughly 19.1% of revenue as net income. Based on the latest reported figures.
Does Ningbo Ligong Environment And Energy Technology Co pay a dividend?
Ningbo Ligong Environment And Energy Technology Co currently shows a dividend yield of about 5.65% 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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