Hangzhou Zhongheng Electric Co Ltd (002364) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Hangzhou Zhongheng Electric Co Ltd stock ¥8.18, price ¥27.58, upside -70.3%, quality 74 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
60‑month range ¥4.25 – ¥59.15 · fair‑value band ¥6.12 – ¥10.42 · the ¥27.58 price screens above the ¥8.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 14, 2026.
Follow Hangzhou Zhongheng Electric Co in your weekly email
Every Wednesday you see whether Hangzhou Zhongheng Electric Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hangzhou Zhongheng Electric Co., Ltd. provides electronics manufacturing solutions in China, rest of Asia, Europe, the United States, and internationally. The company offers prefabricated solution for data center power supply system; and charging and swapping solutions.
Show moreShow less
It also provides solutions for communication power supply and distribution system, as well as power system solutions. In addition, the company provides energy storage, operation, and maintenance, microgrid, and power operation solutions.
The company was incorporated in 1996 and is headquartered in Hangzhou, China.
Stock analysis
Hangzhou Zhongheng Electric Co Ltd (002364) currently trades at ¥27.58, while our model-based Fair Value estimate is ¥8.18, 70.3% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ¥9.06 per share, and 0 of the 26 models we run sit above the ¥27.58 price.
Bear case: the Earnings-Based group reads lowest at ¥2.67, and 26 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥6.12 (bear) to ¥10.42 (bull), the price of ¥27.58 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 74/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hangzhou Zhongheng Electric Co Ltd reported revenue of 2.0B CNY in FY2024 versus 1.4B CNY in FY2020, a compound +8.2%/yr. Reported net income was 110M CNY in FY2024, compounding +6.6%/yr from FY2020.
Key figures
Market cap 19.7B CNY (≈ $3.0B) Mid · P/E ratio 114.9 · P/S ratio 7.85 · EPS (TTM) ¥0.2400 · Dividend yield 0.4% · Net margin 5.3% · Return on equity 5.5% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −37% fair-value upside, at −70%, 002364 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.6300 to ¥18.78). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥6.12Fair Value ¥8.18Bull¥10.42
Price ¥27.58 · Upside -70.3%
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. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (¥0.1400 per share) are deliberately not added.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.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+26.1%
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.
+2.6%
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.
+10.8%
Revenue growth 18 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.
+13.5%
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.8%
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.7.1% vs −2.4%, picking up
Profit margin 2019 to 2024 ⓘ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.7% → 7%
2024 sits 72% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +20.2% a year for the price.
Compare Hangzhou Zhongheng Electric Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Electrical Equipment & Parts · 552 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−69.8% · Bottom 25%
Profitability
Return on equity (12 months)5.5% · Below median
Return on assets2.9% · Below median
Net margin (12 months)5.3% · Above median
Operating margin (12 months)1.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)67.8% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)114.9× · Priciest 25%
P/B8.10× · Priciest 25%
P/S (12 months)7.85× · Priciest 25%
Price / free cash flow43.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)22· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)7· sector 23
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). "Hangzhou Zhongheng Electric Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002364
Frequently asked questions
Is Hangzhou Zhongheng Electric Co Ltd (002364) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of ¥8.18 versus a price of ¥27.58, about −70% upside (overvalued).
What is the fair value of 002364?
Our model-based fair value for Hangzhou Zhongheng Electric Co Ltd is ¥8.18 (as of Oct 14, 2026), built from audited fundamentals. The current price: ¥27.58.
What is the quality score of 002364?
Hangzhou Zhongheng Electric Co Ltd has a Quality Score of 74/100. 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 Hangzhou Zhongheng Electric Co Ltd (002364)?
Our model-based price target is the fair value of ¥8.18 (as of Oct 14, 2026) from 26 valuation models. Cautious scenario ¥6.12, optimistic scenario ¥10.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Hangzhou Zhongheng Electric Co Ltd stock forecast for 2026?
Our models put fair value at ¥8.18, about −70% upside versus a price of ¥27.58 (overvalued). Cautious scenario ¥6.12, optimistic scenario ¥10.42. The calculation is refreshed regularly with new filings.
What is the revenue of Hangzhou Zhongheng Electric Co Ltd (002364)?
Hangzhou Zhongheng Electric Co Ltd reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Oct 14, 2026).
Does Hangzhou Zhongheng Electric Co Ltd pay a dividend?
Hangzhou Zhongheng Electric Co Ltd currently shows a dividend yield of 0.36% relative to its recent price (as of Oct 14, 2026).
What growth is priced into Hangzhou Zhongheng Electric Co Ltd (002364)?
For today's price to be fair in a discounted-cash-flow model, Hangzhou Zhongheng Electric Co Ltd would have to grow free cash flow by +22.3 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.8 % per year. As of Oct 14, 2026.
What discount rate (WACC) does the fair value of 002364 use?
Our models discount Hangzhou Zhongheng Electric Co Ltd at 11.2 %: a base by market capitalisation (mid), damped by beta 1.32, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hangzhou Zhongheng Electric Co Ltd that is +22.3 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Hangzhou Zhongheng Electric Co Ltd (002364) delivered so far?
Over the past 5 years revenue at Hangzhou Zhongheng Electric Co Ltd grew +10.8 % a year. The price currently implies +22.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hangzhou Zhongheng Electric Co Ltd (002364) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Hangzhou Zhongheng Electric Co Ltd (+22.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hangzhou Zhongheng Electric Co Ltd (002364)?
The free-cash-flow yield on the price is 2.94 %: that much free cash flow Hangzhou Zhongheng Electric Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hangzhou Zhongheng Electric Co Ltd (002364)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hangzhou Zhongheng Electric Co Ltd it is ¥8.18 per share (as of Oct 14, 2026), against a price of ¥27.58. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hangzhou Zhongheng Electric Co Ltd stock overvalued or undervalued in 2026?
As of Oct 14, 2026, 002364 trades above its calculated fair value: price ¥27.58, fair value ¥8.18, a gap of about −70% (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 002364?
No. The price is what the market pays today (¥27.58); the fair value is what the company's own numbers justify (¥8.18). For Hangzhou Zhongheng Electric Co Ltd the two are ¥19.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hangzhou Zhongheng Electric Co Ltd worth?
The market values Hangzhou Zhongheng Electric Co Ltd at about 19.7B CNY (market capitalisation, as of Oct 14, 2026). Per share that is ¥27.58; our models calculate a fair value of ¥8.18 per share.
What do the bullish and bearish scenarios say about 002364?
Our models span a range for Hangzhou Zhongheng Electric Co Ltd: cautious scenario ¥6.12, base ¥8.18, optimistic ¥10.42 per share (as of Oct 14, 2026, price ¥27.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002364?
Hangzhou Zhongheng Electric Co Ltd trades at a price-to-earnings ratio of 114.9 (as of Oct 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.18 is built from several models across several years. Other multiples: P/B 8.1, P/S 7.8.
How solid is the balance sheet of Hangzhou Zhongheng Electric Co Ltd (002364)?
Balance-sheet figures for Hangzhou Zhongheng Electric Co Ltd (as of Oct 14, 2026): return on equity 5.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 002364 from its 52-week high?
Hangzhou Zhongheng Electric Co Ltd trades at ¥27.58, about 53% below its 52-week high of ¥59.15 and 28% above the low of ¥21.51 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.18 is for.
Which stocks are comparable to Hangzhou Zhongheng Electric Co Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Hangzhou Zhongheng Electric Co Ltd stock attractive at the current price?
The data as of Oct 14, 2026: price ¥27.58, calculated fair value ¥8.18 (−70%), Quality Score 74/100, from 26 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 002364 calculated?
We run Hangzhou Zhongheng Electric Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥8.18, 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 13.9 % above its aggregate fair value. Hangzhou Zhongheng Electric 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 Hangzhou Zhongheng Electric Co Ltd (002364)?
The closing price on Oct 20, 2026 was ¥27.58. Our model-based fair value is ¥8.18, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hangzhou Zhongheng Electric Co Ltd right now?
A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (¥10.42). The favourable scenario is already priced in.
Where does the earnings growth of Hangzhou Zhongheng Electric Co Ltd (002364) come from?
Earnings per share at Hangzhou Zhongheng Electric Co Ltd grew −5.7 % a year from 2013 to 2024. Broken into its drivers: revenue per share +10.5 %, EBIT margin −13.1 %, tax rate +0.1 %, residual (interest, one-offs) −1.9 %. 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 Hangzhou Zhongheng Electric Co Ltd
How large is the market capitalisation of Hangzhou Zhongheng Electric Co Ltd (002364)?
The market capitalisation of Hangzhou Zhongheng Electric Co Ltd is 19.7B CNY (≈ $3.0B). 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 Hangzhou Zhongheng Electric Co Ltd (002364)?
The price-to-sales ratio of Hangzhou Zhongheng Electric Co Ltd is 7.85 (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 Hangzhou Zhongheng Electric Co Ltd (002364)?
Earnings per share at Hangzhou Zhongheng Electric Co Ltd are ¥0.2400 (price ÷ EPS = P/E 114.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hangzhou Zhongheng Electric Co Ltd (002364)?
The dividend yield of Hangzhou Zhongheng Electric Co Ltd is 0.4% (payout 41.7%). 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 Hangzhou Zhongheng Electric Co Ltd (002364)?
The net margin of Hangzhou Zhongheng Electric Co Ltd is 5.3% (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 Hangzhou Zhongheng Electric Co Ltd (002364)?
The return on equity (ROE) of Hangzhou Zhongheng Electric Co Ltd is 5.5% (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 Hangzhou Zhongheng Electric Co Ltd (002364)?
On an EBIT basis the return on assets of Hangzhou Zhongheng Electric Co Ltd is 1.4% (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 Hangzhou Zhongheng Electric Co Ltd (002364)?
The operating margin of Hangzhou Zhongheng Electric Co Ltd is 1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hangzhou Zhongheng Electric Co Ltd (002364)?
Revenue at Hangzhou Zhongheng Electric Co Ltd is growing +67.8% versus a year earlier (3y avg +2.6%). 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 Hangzhou Zhongheng Electric Co Ltd (002364)?
Earnings per share at Hangzhou Zhongheng Electric Co Ltd are growing +57.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hangzhou Zhongheng Electric Co Ltd (002364) hold?
Hangzhou Zhongheng Electric Co Ltd holds more cash than debt, 693M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Hangzhou Zhongheng Electric Co Ltd in the live analysis
One click puts Hangzhou Zhongheng Electric Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Some data
Oct 14, 2026