Zhejiang Ming Jewelry Co Ltd (002574) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 2.5B CNY (≈ $369M) · ISIN CNE100001286
What is Zhejiang Ming Jewelry Co Ltd really worth?
Below-average quality, and trading another 464% above our fair value of ¥0.9200.
Risks
Fair value as of: Aug 23, 2026
From 4 valuation models · updated 13 days ago
Share price +14.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥1.38). The favourable scenario is already priced in.
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The model range is unusually wide (¥0.4500 to ¥1.38). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.
How to read this chart
60‑month range ¥3.72 – ¥8.67 · fair‑value band ¥0.4500 – ¥1.38 · the ¥5.19 price screens above the ¥0.9200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.
Analysis
Zhejiang Ming Jewelry Co Ltd (002574) currently trades at ¥5.19, while our model-based Fair Value estimate is ¥0.9200, implying the stock looks roughly 464.0% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Asset-Based group reads highest at a median of ¥3.43 per share, and 0 of the 4 models we run sit above the ¥5.19 price. Bear case: the Dividend Discount group reads lowest at ¥1.57, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Zhejiang Ming Jewelry Co Ltd generated revenue of 3.3B CNY at a net margin of −9.5%. Revenue declined 1.7% year over year. It earns a return on equity of −10.7%. Net debt stands at 500M CNY. Fundamentals as of Aug 23, 2026
Our scenario range runs from ¥0.4500 (bear case) to ¥1.38 (bull case); at ¥5.19, 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 33% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −82%, 002574 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 4 models by family
Widest divergence: Asset-Based (¥3.43) versus Dividend Discount (¥1.57). Highest evidence: Gordon GGM (69).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 37
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Zhejiang Ming Jewelry Co., Ltd. engages in the research, development, design, production, and sales of precious metals and gemstone jewelry products in Mainland China. The company offers platinum, diamond, and gold jewelry, as well as silver. It offers its products through Ming brand, as well as online.
Full company description
Zhejiang Ming Jewelry Co., Ltd. engages in the research, development, design, production, and sales of precious metals and gemstone jewelry products in Mainland China. The company offers platinum, diamond, and gold jewelry, as well as silver. It offers its products through Ming brand, as well as online. The company was founded in 1987 and is headquartered in Shaoxing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhejiang Ming Jewelry Co Ltd reported revenue of 3.3B CNY in FY2025 versus 3.6B CNY in FY2021, a compound −2.2%/yr. Reported net income was −360M CNY in FY2025.
Peer Group
Luxury Goods · 134 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 Luxury Goods median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hermès International Société en commandite par actions RMS | €1,598 | €950.24 | −41% |
| Compagnie Financière Richemont SA CFR | CHF 192.15 | CHF 119.49 | −38% |
| Christian Dior SE DIO | €423.60 | €1,095 | +159% |
| Titan Company TITAN | ₹5,106 | ₹972.23 | −81% |
| Tapestry, Inc TPR | $153.74 | $19.95 | −87% |
| Chow Tai Fook Jewellery Group 1929 | HK$12.31 | HK$11.51 | −6% |
| The Swatch Group UHRN | CHF 36.35 | CHF 8.46 | −77% |
| Prada S.p.A 1913 | HK$40.86 | HK$64.71 | +58% |
| Pandora A/S PNDORA | kr 783.00 | kr 1,424 | +82% |
| Laopu Gold Co 6181 | HK$385.00 | HK$654.83 | +70% |
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