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Gold cup Electric Apparatus Co (002533) Fair Value & Analysis

Industrials · CN · Market cap 8.6B CNY

GC Gold cup Electric Apparatus Co 002533 · SHE
Price¥11.51
Fair Value¥17.17
Upside+49.2%
Quality52/100
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Expensive Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 38/100
Evidence: Medium Range ¥10.17 – ¥21.46 Share as image

Fair value as of: Jul 22, 2026

From 25 valuation models · updated 19 days ago

Share price +8.8% over the past month.

A solid business, screening 49% undervalued on our models.

What matters now

  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥10.17 to ¥21.46) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥15.83 ¥3.68 Fair Value ¥17.17 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 ¥3.68 – ¥15.83 · fair‑value band ¥10.17 – ¥21.46 · the ¥11.51 price screens below the ¥17.17 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

Gold cup Electric Apparatus Co (002533) currently trades at ¥11.51, while our model-based Fair Value estimate is ¥17.17, implying the stock looks roughly 49.2% undervalued today. The Quality Score stands at 52/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Gold cup Electric Apparatus Co generated revenue of 20.3B CNY at a net margin of 3.0%. Revenue grew 12.7% year over year. It earns a return on equity of 14.7%. The balance sheet holds a net cash position of 1.1B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥10.17 (bear case) to ¥21.46 (bull case); at ¥11.51, 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 28% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 49%, 002533 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 ¥2.96 ¥3.61 ¥4.71 80
Residual Income ¥5.85 ¥7.08 ¥15.10 76
ROIC Compounder ¥13.79 ¥18.27 ¥24.23 72
All 25 models by family
DCF Models
FCF DCF ¥2.98 ¥3.49 ¥4.79 38
Owner Earnings ¥12.37 ¥23.28 ¥44.26 31
5Y Revenue Exit ¥10.11 ¥19.58 ¥34.70 39
5Y EBITDA Exit ¥11.74 ¥23.23 ¥40.19 41
5Y P/E Exit ¥11.09 ¥22.16 ¥36.25 38
10Y Revenue Exit ¥7.41 ¥15.99 ¥30.09 36
10Y EBITDA Exit ¥8.91 ¥18.82 ¥36.96 37
10Y P/E Exit ¥8.47 ¥17.69 ¥33.40 35
Earnings-Based
Graham-Dodd ¥5.56 ¥35.21 ¥49.21 54
Lynch FV ¥10.17 ¥14.53 ¥18.89 50
PEG = 1.0 ¥10.17 ¥14.53 ¥18.89 46
EPV ¥11.87 ¥13.38 ¥14.68 59
Dividend Discount
Gordon GGM ¥2.54 ¥5.06 ¥7.66 70
DDM Multi-Stage ¥2.54 ¥4.37 ¥5.34 61
Multiples
P/E Multiple ¥12.87 ¥17.17 ¥21.46 63
P/S Multiple ¥10.42 ¥13.90 ¥17.37 58
P/B Multiple ¥10.42 ¥13.90 ¥17.37 55
EV/EBIT ¥17.21 ¥22.18 ¥27.15 53
EV/EBITDA ¥16.15 ¥20.76 ¥25.38 54
EV/Revenue ¥12.94 ¥17.51 ¥22.07 43
Asset-Based
NCAV (Graham) ¥3.12 ¥4.18 ¥6.23 50
Growth DCF
Growth DCF ¥2.96 ¥3.61 ¥4.71 80
Economic Profit
Residual Income ¥5.85 ¥7.08 ¥15.10 76
ROIC Compounder ¥13.79 ¥18.27 ¥24.23 72
Growth Earnings
Growth-Adj P/E ¥14.45 ¥20.64 ¥26.84 68

Widest divergence: Growth Earnings (¥20.64) versus Growth DCF (¥3.61). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 20.3B CNY
Revenue growth (YoY) +12.7%
Net margin 3.0%
Return on equity 14.7%
Free cash flow 35.7M CNY FY2025
P/E ratio 14.2
More key figures
Operating margin 2.4%
EPS (TTM) ¥0.8200
EPS growth (YoY) -3.4%
Net cash 1.1B CNY FY2024

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 50

Profitability 50
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 78
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

Gold cup Electric Apparatus Co.,Ltd. researches, develops, manufactures, and sells flat magnet wires and cables in China and internationally.

Full company description

Gold cup Electric Apparatus Co.,Ltd. researches, develops, manufactures, and sells flat magnet wires and cables in China and internationally. It offers electrical equipment wire, including flexible cable and wire, screened cable, low smoke halogen free flame retardant wire, exquisite flame retardant wire, high-end easy home wire, radiated European standard wire, computer cable, and plastics insulated and sheathed control cable products. The company also provides cable and conductor products comprising plastics insulated power cable, XLPE insulated cable, XLPE insulated power cable, aerial insulated cable, and overhead conductor products; and flexible mineral insulated fireproof cable, and rare soil aluminum alloy products. In addition, it offers rubber flexible, mining, elevator, motor winding lead, waterproof rubber sheathed, silicon rubber insulated and sheathed flexible, butyronitrile compound insulation and sheathed power, common rubber flexible, internal connecting, rail transit, ship power, and PV cables. Further, the company provides its products for use in power generation, power transmission and distribution, buildings, roads and bridges, mining, aviation, construction machinery, and transformer companies. Gold cup Electric Apparatus Co.,Ltd. was founded in 2004 and is based in Changsha, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gold cup Electric Apparatus Co reported revenue of ¥20.3B in FY2025 versus ¥12.8B in FY2021, a compound +12.2%/yr. Reported net income was ¥600M in FY2025, compounding +16.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
20.3B CNY
Latest YoY
+15.0%
Avg. growth/yr (3Y)
+15.5%
Avg. growth/yr (5Y)
+21.1%
Avg. growth/yr (18Y)
+16.7%
Revenue +12.2%/yr
FY21 ¥12.8B
FY22 ¥13.2B
FY23 ¥15.3B
FY24 ¥17.7B
FY25 ¥20.3B
Net income +16.0%/yr
FY21 ¥331M
FY22 ¥371M
FY23 ¥523M
FY24 ¥569M
FY25 ¥600M

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Cite: Fair Value Calculator (2026). "Gold cup Electric Apparatus Co Fair Value". https://www.fairvalue-calculator.com/stock/002533

Peer Group

Electrical Equipment & Parts · 528 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 52 · Below median
Fair Value upside +49% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 13% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than 75% of peers
P/B 1.87× · Cheaper than median
P/S (TTM) 0.42× · Cheaper than 75% of peers
P/FCF 35.6× · Pricier than 75% of peers
EV/EBITDA 7.5× · Cheaper than 75% of peers

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 99 · sector 0
FUTURE 64 · sector 57
PAST 59 · sector 26
HEALTH 94 · sector 97
DIVIDEND 0 · sector 18

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

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Gold cup Electric Apparatus Co (002533) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥17.17 versus a price of ¥11.51, about +49% (undervalued).
What is the fair value of 002533?
Our model-based fair value for Gold cup Electric Apparatus Co is ¥17.17 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥11.51.
What is the quality score of 002533?
Gold cup Electric Apparatus Co has a Quality Score of 52/100. 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 Gold cup Electric Apparatus Co (002533)?
Gold cup Electric Apparatus Co reported trailing-twelve-month revenue of about 20.3B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002533?
The net profit margin of Gold cup Electric Apparatus Co is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.

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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