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Zhejiang Semir Garment Co (002563) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 14.5B CNY

ZS Zhejiang Semir Garment Co 002563 · SHE
Price¥6.01
Fair Value¥7.29
Upside+21.3%
Quality71/100
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Weak Growth
Thin margins · 6.4% net margin
Low debt · generates free cash flow
5.55% dividend yield
Ranks above peers (11/14)
Narrow moat 41/100
Evidence: High Range ¥5.47 – ¥9.11 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 ¥8.88 to ¥7.29 (−17.9%) since Jun 25, 2026. Share price +6.4% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Our model range runs from ¥5.47 (bear) to ¥9.11 (bull), base ¥7.29. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥9.39 ¥3.68 Fair Value ¥7.29 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 – ¥9.39 · fair‑value band ¥5.47 – ¥9.11 · the ¥6.01 price screens below the ¥7.29 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

Zhejiang Semir Garment Co (002563) currently trades at ¥6.01, while our model-based Fair Value estimate is ¥7.29, implying the stock looks roughly 21.3% undervalued today. The Quality Score stands at 71/100 (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, Zhejiang Semir Garment Co generated revenue of 15.5B CNY at a net margin of 6.4%. Revenue grew 12.0% year over year. It earns a return on equity of 8.3%. The balance sheet holds a net cash position of 5.8B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥5.47 (bear case) to ¥9.11 (bull case); at ¥6.01, 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 8% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -3% fair-value upside, at 21%, 002563 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 ¥6.77 ¥8.85 ¥11.75 80
Residual Income ¥3.54 ¥3.80 ¥4.20 76
Rev-Margin DCF ¥6.60 ¥9.16 ¥12.01 74
All 26 models by family
DCF Models
FCF DCF ¥6.67 ¥8.96 ¥12.34 38
Owner Earnings ¥5.21 ¥6.76 ¥9.06 31
5Y Revenue Exit ¥6.60 ¥9.14 ¥12.32 39
5Y EBITDA Exit ¥7.71 ¥11.17 ¥15.12 41
5Y P/E Exit ¥6.84 ¥9.58 ¥12.37 38
10Y Revenue Exit ¥6.44 ¥8.74 ¥11.71 36
10Y EBITDA Exit ¥7.28 ¥10.13 ¥13.80 37
10Y P/E Exit ¥6.73 ¥9.04 ¥11.75 35
Earnings-Based
Graham-Dodd ¥2.25 ¥6.18 ¥8.11 54
Lynch FV ¥1.23 ¥1.75 ¥2.28 50
PEG = 1.0 ¥1.23 ¥1.75 ¥2.28 46
EPV ¥6.37 ¥7.08 ¥7.71 59
Dividend Discount
Gordon GGM ¥4.59 ¥9.55 ¥15.14 70
DDM Multi-Stage ¥4.59 ¥7.20 ¥9.97 61
Multiples
P/E Multiple ¥5.47 ¥7.29 ¥9.11 63
P/S Multiple ¥4.22 ¥5.63 ¥7.04 58
P/B Multiple ¥4.22 ¥5.63 ¥7.04 55
EV/EBIT ¥10.20 ¥12.90 ¥15.60 53
EV/EBITDA ¥9.10 ¥11.44 ¥13.77 54
EV/Revenue ¥6.81 ¥8.83 ¥10.85 43
Asset-Based
NCAV (Graham) ¥2.11 ¥2.83 ¥4.23 50
Growth DCF
Growth DCF ¥6.77 ¥8.85 ¥11.75 80
Rev-Margin DCF ¥6.60 ¥9.16 ¥12.01 74
Economic Profit
Residual Income ¥3.54 ¥3.80 ¥4.20 76
ROIC Compounder ¥6.62 ¥7.73 ¥8.97 72
Growth Earnings
Growth-Adj P/E ¥4.32 ¥6.17 ¥8.02 68

Widest divergence: DCF Models (¥9.04) versus Earnings-Based (¥1.75). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 15.5B CNY
Revenue growth (YoY) +12.0%
Net margin 6.4%
Return on equity 8.3%
Free cash flow 1.1B CNY FY2025
P/E ratio 14.5
More key figures
Operating margin 14.4%
EPS (TTM) ¥0.3700
Dividend yield 5.6%
EPS growth (YoY) +50.0%
Net cash 5.8B CNY FY2024

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 70 · Market factors (momentum, volatility) 66

Profitability 47
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 82
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

Zhejiang Semir Garment Co., Ltd. produces and sells casual apparels in China and internationally. The company provides men's, women's, and children's clothing, shoes, and accessories; home furnishings, and supplies; clothing for infants and toddler; uniforms and innerwear; women's dresses, knitwear, and skirts; and outdoor sportswear.

Full company description

Zhejiang Semir Garment Co., Ltd. produces and sells casual apparels in China and internationally. The company provides men's, women's, and children's clothing, shoes, and accessories; home furnishings, and supplies; clothing for infants and toddler; uniforms and innerwear; women's dresses, knitwear, and skirts; and outdoor sportswear. It also offers its products under the Semir, Balabala, MARCOLOR, MiniBala, Semirkids, Heyjunior, AIKEN, JASONWU, SHUKU, VIVIDBOX, JuicyCouture, MarcO'Polo, AsicsKids, PUMAKIDS. It provides its products through online and offline omni-channel retail systems, including specialty stores, supermarkets, shopping malls, outlets, e-commerce, and mini programs. Zhejiang Semir Garment Co., Ltd. was founded in 1996 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Semir Garment Co reported revenue of ¥15.1B in FY2025 versus ¥15.4B in FY2021, a compound −0.5%/yr. Reported net income was ¥892M in FY2025, compounding −12.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
15.1B CNY
Latest YoY
+3.2%
Avg. growth/yr (3Y)
+4.2%
Avg. growth/yr (5Y)
−0.2%
Avg. growth/yr (18Y)
+12.5%
Revenue −0.5%/yr
FY21 ¥15.4B
FY22 ¥13.3B
FY23 ¥13.7B
FY24 ¥14.6B
FY25 ¥15.1B
Net income −12.0%/yr
FY21 ¥1.5B
FY22 ¥637M
FY23 ¥1.1B
FY24 ¥1.1B
FY25 ¥892M

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Cite: Fair Value Calculator (2026). "Zhejiang Semir Garment Co Fair Value". https://www.fairvalue-calculator.com/stock/002563

Peer Group

Apparel Manufacturing · 212 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 71 · Top 25%
Fair Value upside +21% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 12% · Top 25%
Dividend yield (TTM) 5.6% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 14.5× · Cheaper than median
P/B 1.27× · Pricier than median
P/S (TTM) 0.94× · Pricier than median
P/FCF 1.9× · Pricier than median
EV/EBITDA 6.2× · 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 62 · sector 33
FUTURE 60 · sector 4
PAST 33 · sector 21
HEALTH 99 · sector 98
DIVIDEND 100 · sector 49

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
Gildan Activewear Inc GIL C$73.17 C$32.85 -55%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%

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Frequently asked questions

Is Zhejiang Semir Garment Co (002563) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥7.29 versus a price of ¥6.01, about +21% (undervalued).
What is the fair value of 002563?
Our model-based fair value for Zhejiang Semir Garment Co is ¥7.29 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥6.01.
What is the quality score of 002563?
Zhejiang Semir Garment Co has a Quality Score of 71/100. 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 Zhejiang Semir Garment Co (002563)?
Zhejiang Semir Garment Co reported trailing-twelve-month revenue of about 15.5B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002563?
The net profit margin of Zhejiang Semir Garment Co is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Semir Garment Co pay a dividend?
Zhejiang Semir Garment Co currently shows a dividend yield of about 5.55% 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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