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Lingyi iTech (Guangdong) Company (002600) Fair Value & Analysis

Technology · CN · Market cap 123B CNY

LI Lingyi iTech (Guangdong) Company 002600 · SHE
Price¥12.74
Fair Value¥5.35
Upside-58.0%
Quality48/100
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Expensive Growth
Thin margins · 4.0% net margin
Low debt · negative free cash flow
0.26% dividend yield
Trails peers (4/13)
Narrow moat 40/100
Evidence: High Range ¥3.99 – ¥7.05 Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from ¥6.57 to ¥5.35 (−18.6%) since Jun 25, 2026. Share price −20.0% over the past month.

Below-average quality, and screening another 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.05). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥18.31 ¥3.82 Fair Value ¥5.35 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥3.82 – ¥18.31 · fair‑value band ¥3.99 – ¥7.05 · the ¥12.74 price screens above the ¥5.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Lingyi iTech (Guangdong) Company (002600) currently trades at ¥12.74, while our model-based Fair Value estimate is ¥5.35, implying the stock looks roughly 58.0% overvalued today. We read business quality at 48/100 (below-average 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, Lingyi iTech (Guangdong) Company generated revenue of 52.6B CNY at a net margin of 4.0%. Revenue grew 10.0% year over year. It earns a return on equity of 9.5%. Net debt stands at 10.5B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.99 (bear case) to ¥7.05 (bull case); at ¥12.74, 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 32% below its 52-week high and 58% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -58%, 002600 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 ¥2.85 ¥3.14 ¥4.98 76
ROIC Compounder ¥3.81 ¥5.23 ¥6.56 72
Gordon GGM ¥0.3600 ¥0.7500 ¥1.18 70
All 17 models by family
DCF Models
Owner Earnings ¥0.5500 ¥0.9300 ¥1.72 31
Earnings-Based
Graham-Dodd ¥2.13 ¥14.84 ¥20.83 54
Lynch FV ¥5.62 ¥8.03 ¥10.44 50
PEG = 1.0 ¥5.62 ¥8.03 ¥10.44 46
EPV ¥3.53 ¥4.07 ¥4.55 59
Dividend Discount
Gordon GGM ¥0.3600 ¥0.7500 ¥1.18 70
DDM Multi-Stage ¥0.3600 ¥0.6300 ¥0.7800 61
Multiples
P/E Multiple ¥4.70 ¥6.26 ¥7.83 63
P/S Multiple ¥3.99 ¥5.32 ¥6.65 58
P/B Multiple ¥3.99 ¥5.32 ¥6.65 55
EV/EBIT ¥5.64 ¥7.44 ¥9.23 53
EV/EBITDA ¥7.73 ¥10.22 ¥12.71 54
EV/Revenue ¥3.89 ¥5.44 ¥7.00 43
Asset-Based
NCAV (Graham) ¥1.64 ¥2.20 ¥3.29 50
Economic Profit
Residual Income ¥2.85 ¥3.14 ¥4.98 76
ROIC Compounder ¥3.81 ¥5.23 ¥6.56 72
Growth Earnings
Growth-Adj P/E ¥7.04 ¥10.05 ¥13.07 68

Widest divergence: Growth Earnings (¥10.05) versus Dividend Discount (¥0.6300). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 52.6B CNY
Revenue growth (YoY) +10.0%
Net margin 4.0%
Return on equity 9.5%
Free cash flow −351M CNY FY2025
P/E ratio 52.0
More key figures
Operating margin 7.4%
EPS (TTM) ¥0.2900
Dividend yield 0.3%
EPS growth (YoY) -37.5%
Net debt 10.5B CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 48

Profitability 39
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 69
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

Lingyi iTech (Guangdong) Company provides smart manufacturing services and solutions in China and internationally. The company provides electric heating, battery power, and thermal management (heat dissipation) solutions; as well as AI mobile phones and folding screen mobile phones; AIPC and tablet computers; image display; materials; AI glasses and XR …

Full company description

Lingyi iTech (Guangdong) Company provides smart manufacturing services and solutions in China and internationally. The company provides electric heating, battery power, and thermal management (heat dissipation) solutions; as well as AI mobile phones and folding screen mobile phones; AIPC and tablet computers; image display; materials; AI glasses and XR wearable devices; boutique assembly; sensors and related modules; and robots and other related hardware products. The company was founded in 1975 and is based in Jiangmen, China. Lingyi iTech (Guangdong) Company is a subsidiary of Lingsheng Investment (Jiangsu) Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lingyi iTech (Guangdong) Company reported revenue of ¥51.3B in FY2025 versus ¥30.4B in FY2021, a compound +14.0%/yr. Reported net income was ¥2.3B in FY2025, compounding +18.0%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
51.3B CNY
Latest YoY
+16.0%
Avg. growth/yr (3Y)
+14.1%
Avg. growth/yr (5Y)
+12.7%
Avg. growth/yr (17Y)
+30.5%
Revenue +14.0%/yr
FY21 ¥30.4B
FY22 ¥34.5B
FY23 ¥34.1B
FY24 ¥44.2B
FY25 ¥51.3B
Net income +18.0%/yr
FY21 ¥1.2B
FY22 ¥1.6B
FY23 ¥2.1B
FY24 ¥1.8B
FY25 ¥2.3B

002600 screens 58% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Lingyi iTech (Guangdong) Company Fair Value". https://www.fairvalue-calculator.com/stock/002600

Peer Group

Electronic Components · 626 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 48 · Below median
Fair Value upside −58% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 10% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 52.3× · Pricier than median
P/B 5.12× · Pricier than 75% of peers
P/S (TTM) 2.34× · Pricier than median
EV/EBITDA 24.4× · Pricier 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 0 · sector 0
FUTURE 50 · sector 32
PAST 38 · sector 24
HEALTH 91 · sector 95
DIVIDEND 5 · sector 24

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.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Lingyi iTech (Guangdong) Company (002600) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥5.35 versus a price of ¥12.74, about −58% (overvalued).
What is the fair value of 002600?
Our model-based fair value for Lingyi iTech (Guangdong) Company is ¥5.35 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥12.74.
What is the quality score of 002600?
Lingyi iTech (Guangdong) Company has a Quality Score of 48/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Lingyi iTech (Guangdong) Company (002600)?
Lingyi iTech (Guangdong) Company reported trailing-twelve-month revenue of about 52.6B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 002600?
The net profit margin of Lingyi iTech (Guangdong) Company is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Lingyi iTech (Guangdong) Company pay a dividend?
Lingyi iTech (Guangdong) Company currently shows a dividend yield of about 0.27% relative to its recent price (as of Jul 12, 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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