Guangdong Shenglu Telecommunication Tech Co Ltd (002446) Fair Value & Analysis
Technology · CN · Market cap 10.8B CNY
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 6 days ago
Fair value updated Aug 13, 2026, revised from ¥1.52 to ¥1.69 (+11.2%) since Jul 22, 2026. Share price +13.6% over the past month.
A solid business, but screening 80% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥2.22). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥1.19 to ¥2.22) 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 Aug 13, 2026.
How to read this chart
60‑month range ¥4.84 – ¥14.67 · fair‑value band ¥1.19 – ¥2.22 · the ¥8.34 price screens above the ¥1.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Guangdong Shenglu Telecommunication Tech Co Ltd (002446) currently trades at ¥8.34, while our model-based Fair Value estimate is ¥1.69, implying the stock looks roughly 79.7% overvalued today. The Quality Score stands at 58/100 (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, Guangdong Shenglu Telecommunication Tech Co Ltd generated revenue of 1.2B CNY at a net margin of 5.8%. Revenue declined 3.4% year over year. It earns a return on equity of 2.7%. The balance sheet holds a net cash position of 514M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥1.19 (bear case) to ¥2.22 (bull case); at ¥8.34, 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 43% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -80%, 002446 screens richer 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.
All 24 models by family
Widest divergence: Multiples (¥1.86) versus Dividend Discount (¥0.2000). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 33
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
Guangdong Shenglu Telecommunication Tech. Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells communication equipment, electromechanical products, and electronic circuit product accessories in China and internationally. It operates in two segments, Communication Equipment and Microwave Electronics.
Full company description
Guangdong Shenglu Telecommunication Tech. Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells communication equipment, electromechanical products, and electronic circuit product accessories in China and internationally. It operates in two segments, Communication Equipment and Microwave Electronics. The company offers microwave antennas and auxiliary components, including rectangular and elliptical waveguides, connectors, and microwave communication antenna accessories; base station antennas, such as multibeam, omnidirectional, sector, and small cell; and automotive antennas comprising GPS, AM/FM, and GNNS and DAB. It also provides terminal antennas, which include lampsite, wi-fi, and WiMAX; in-building antennas and components, such as ceiling-mount, wall-mount, LPDA, and Yagi antennas, as well as power dividers, couplers, and combiners; and wireless routers. In addition, the company offers RF products; smart amplifiers; smart terminal antennas; passive devices; active integrated equipment; indoor network distribution systems; microwave devices; microwave components, subsystems; and multi-function chips. Further, it engages in inspection and testing; military industry; investment business; and software and information technology services. The company exports its products to approximately 60 countries and regions, including Europe, the United States, Australia, and India. It serves telecom operators, communication equipment integrators, solution providers, and vertical industry users. The company was formerly known as Shenglu Antenna Ltd. and changed its name to Guangdong Shenglu Telecommunication Tech. Co., Ltd. in July 2007. Guangdong Shenglu Telecommunication Tech. Co., Ltd. was founded in 1998 and is headquartered in Foshan, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Guangdong Shenglu Telecommunication Tech Co Ltd reported revenue of ¥1.2B in FY2025 versus ¥962M in FY2021, a compound +5.8%/yr. Reported net income was ¥69.6M in FY2025.
of which total revenue +9.9 pp · buybacks/dilution −5.3 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
002446 screens 80% overvalued. Compare with Cisco Systems, Inc →
Peer Group
Communication Equipment · 303 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 Communication Equipment 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.
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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $111.61 | $61.53 | -45% |
| Zhongji Innolight Co 300308 | ¥921.00 | ¥171.09 | -81% |
| Foxconn Industrial Internet Co 601138 | ¥61.83 | ¥28.65 | -54% |
| Eoptolink Technology Inc 300502 | ¥429.90 | ¥176.99 | -59% |
| Nokia Oyj NOK | $10.32 | $3.77 | -63% |
| Motorola Solutions, Inc MSI | $469.74 | $236.33 | -50% |
| Suzhou TFC Optical Communication Co 300394 | ¥240.05 | ¥43.67 | -82% |
| Accton Technology Corporation 2345 | 2,270 TWD | 1,135 TWD | -50% |
| Telefonaktiebolaget LM Ericsson (publ), ERICB | kr 96.52 | kr 157.82 | +64% |
| ZTE Corporation 000063 | ¥33.67 | ¥19.72 | -41% |
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Frequently asked questions
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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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