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Hangzhou Robam Appliances Co (002508) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 15.2B CNY

HR Hangzhou Robam Appliances Co 002508 · SHE
Price¥15.25
Fair Value¥22.59
Upside+48.1%
Quality66/100
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Mixed Growth
Solidly profitable · 12.2% net margin
generates free cash flow
6.13% dividend yield
Ranks above peers (10/14)
Moderate moat 57/100
Evidence: High Range ¥16.95 – ¥28.24 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 ¥26.34 to ¥22.59 (−14.2%) since Jun 25, 2026. Share price +2.7% over the past month.

A solid business, screening 48% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥16.95). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥39.48 ¥14.44 Fair Value ¥22.59 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 ¥14.44 – ¥39.48 · fair‑value band ¥16.95 – ¥28.24 · the ¥15.25 price screens below the ¥22.59 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

Hangzhou Robam Appliances Co (002508) currently trades at ¥15.25, while our model-based Fair Value estimate is ¥22.59, implying the stock looks roughly 48.1% undervalued today. The Quality Score stands at 66/100 (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, Hangzhou Robam Appliances Co generated revenue of 10.0B CNY at a net margin of 12.2%. Revenue declined 5.5% year over year. It earns a return on equity of 10.3%. The balance sheet holds a net cash position of 1.5B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥16.95 (bear case) to ¥28.24 (bull case); at ¥15.25, 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 30% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 48%, 002508 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 ¥11.03 ¥12.43 ¥19.02 76
Growth DCF ¥18.74 ¥30.27 ¥48.98 72
Gordon GGM ¥9.21 ¥19.15 ¥30.38 70
All 26 models by family
DCF Models
FCF DCF ¥18.68 ¥30.71 ¥50.47 38
Owner Earnings ¥16.65 ¥27.27 ¥44.72 31
5Y Revenue Exit ¥12.92 ¥19.52 ¥28.02 39
5Y EBITDA Exit ¥15.64 ¥24.88 ¥35.98 41
5Y P/E Exit ¥20.37 ¥34.22 ¥49.49 38
10Y Revenue Exit ¥14.48 ¥21.22 ¥30.63 36
10Y EBITDA Exit ¥16.54 ¥25.05 ¥37.03 37
10Y P/E Exit ¥19.62 ¥31.74 ¥47.88 35
Earnings-Based
Graham-Dodd ¥9.04 ¥35.76 ¥48.58 54
Lynch FV ¥8.85 ¥12.64 ¥16.43 50
PEG = 1.0 ¥8.85 ¥12.64 ¥16.43 46
EPV ¥12.08 ¥13.88 ¥15.45 59
Dividend Discount
Gordon GGM ¥9.21 ¥19.15 ¥30.38 70
DDM Multi-Stage ¥9.21 ¥16.15 ¥20.10 61
Multiples
P/E Multiple ¥21.93 ¥29.24 ¥36.55 63
P/S Multiple ¥9.63 ¥12.85 ¥16.06 58
P/B Multiple ¥16.95 ¥22.59 ¥28.24 55
EV/EBIT ¥19.85 ¥26.03 ¥32.21 53
EV/EBITDA ¥15.43 ¥20.13 ¥24.84 54
EV/Revenue ¥10.30 ¥14.15 ¥18.01 43
Asset-Based
NCAV (Graham) ¥6.08 ¥8.15 ¥12.17 50
Growth DCF
Growth DCF ¥18.74 ¥30.27 ¥48.98 72
Rev-Margin DCF ¥12.92 ¥19.56 ¥27.77 67
Economic Profit
Residual Income ¥11.03 ¥12.43 ¥19.02 76
ROIC Compounder ¥12.08 ¥15.41 ¥20.18 67
Growth Earnings
Growth-Adj P/E ¥16.11 ¥23.02 ¥29.93 68

Widest divergence: DCF Models (¥25.05) versus Asset-Based (¥8.15). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 10.0B CNY
Revenue growth (YoY) -5.5%
Net margin 12.2%
Return on equity 10.3%
Free cash flow 1.3B CNY FY2025
P/E ratio 12.4
More key figures
Operating margin 17.2%
EPS (TTM) ¥1.29
Dividend yield 6.1%
EPS growth (YoY) -11.1%
Net cash 1.5B CNY FY2024

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 37

Profitability 49
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 8
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

Hangzhou Robam Appliances Co., Ltd., together with its subsidiaries, engages in the research, development, production, sale, and servicing of kitchen appliances in China and internationally.

Full company description

Hangzhou Robam Appliances Co., Ltd., together with its subsidiaries, engages in the research, development, production, sale, and servicing of kitchen appliances in China and internationally. The company offers integrated and central rangehoods, dishwashers, gas and integrated stoves, steam and microwave ovens, disinfection cabinets, gas water heaters, thin-walled refrigerators, sinks, water purifiers, and all-in-one storage and elimination machines under the ROBAM brand name. It is also involved in asset and investment management; and software development services. The company was founded in 1979 and is based in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hangzhou Robam Appliances Co reported revenue of ¥10.1B in FY2025 versus ¥10.1B in FY2021, a compound −0.1%/yr. Reported net income was ¥1.3B in FY2025, compounding −1.5%/yr from FY2021.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
10.1B CNY
Latest YoY
−9.8%
Avg. growth/yr (3Y)
−0.5%
Avg. growth/yr (5Y)
+4.5%
Avg. growth/yr (18Y)
+15.7%
Revenue −0.1%/yr
FY21 ¥10.1B
FY22 ¥10.3B
FY23 ¥11.2B
FY24 ¥11.2B
FY25 ¥10.1B
Net income −1.5%/yr
FY21 ¥1.3B
FY22 ¥1.6B
FY23 ¥1.7B
FY24 ¥1.6B
FY25 ¥1.3B

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Cite: Fair Value Calculator (2026). "Hangzhou Robam Appliances Co Fair Value". https://www.fairvalue-calculator.com/stock/002508

Peer Group

Furnishings, Fixtures & Appliances · 311 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 66 · Top 25%
Fair Value upside +48% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -6% · Below median
Dividend yield (TTM) 6.1% · Top 25%

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than median
P/B 1.32× · Pricier than median
P/S (TTM) 1.52× · Pricier than median
P/FCF 1.7× · Cheaper than median
EV/EBITDA 10.3× · Pricier than median
PEG 0.92× · 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 97 · sector 26
FUTURE 0 · sector 0
PAST 41 · sector 19
HEALTH 0 · sector 98
DIVIDEND 100 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Hangzhou Robam Appliances Co (002508) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥22.59 versus a price of ¥15.25, about +48% (undervalued).
What is the fair value of 002508?
Our model-based fair value for Hangzhou Robam Appliances Co is ¥22.59 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥15.25.
What is the quality score of 002508?
Hangzhou Robam Appliances Co has a Quality Score of 66/100. 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 Hangzhou Robam Appliances Co (002508)?
Hangzhou Robam Appliances Co reported trailing-twelve-month revenue of about 10.0B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002508?
The net profit margin of Hangzhou Robam Appliances Co is about 12.2%, meaning it keeps roughly 12.2% of revenue as net income. Based on the latest reported figures.
Does Hangzhou Robam Appliances Co pay a dividend?
Hangzhou Robam Appliances Co currently shows a dividend yield of about 6.13% 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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