Xingye Leather Technology Co (002674) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 4.9B CNY
Fair value as of: Jul 22, 2026
From 26 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥11.93 to ¥7.55 (−36.7%) since Jun 25, 2026. Share price +6.9% over the past month.
A solid business, but screening 73% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥9.44). The favourable scenario is already priced in.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 ¥6.83 – ¥30.80 · fair‑value band ¥5.66 – ¥9.44 · the ¥28.33 price screens above the ¥7.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Xingye Leather Technology Co (002674) currently trades at ¥28.33, while our model-based Fair Value estimate is ¥7.55, implying the stock looks roughly 73.4% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical 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: medium).
Over the trailing twelve months, Xingye Leather Technology Co generated revenue of 2.9B CNY at a net margin of 3.6%. Revenue declined 6.0% year over year. It earns a return on equity of 6.3%. Net debt stands at 57.7M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥5.66 (bear case) to ¥9.44 (bull case); at ¥28.33, 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 near its 52-week high and 211% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -73%, 002674 screens richer 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.
All 26 models by family
Widest divergence: Growth DCF (¥16.24) versus Earnings-Based (¥2.68). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 85
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
Xingye Leather Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of leather products in China. It offers nappa leather, natural milled leather, and special effect leather series that are used in the furniture, leather clothing, and bags and suitcases, etc.
Full company description
Xingye Leather Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of leather products in China. It offers nappa leather, natural milled leather, and special effect leather series that are used in the furniture, leather clothing, and bags and suitcases, etc. The company sells leather for uppers, bags, sofa, automotive interiors, and special functional leather. It also exports its products. The company serves its products under the BELLE, SENDA, RED DRAGONFLY, DISSONA, Hongkong Times Square, LILANZ, WANLIMA, JIHUA GROUP, KANGNAI, AOKANG, DAZZLE FASHION, PORTS, HONGU, PRADA, and BALLY brands. Xingye Leather Technology Co., Ltd. was founded in 1992 and is headquartered in Jinjiang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Xingye Leather Technology Co reported revenue of ¥3.0B in FY2025 versus ¥1.7B in FY2021, a compound +14.7%/yr. Reported net income was ¥101M in FY2025, compounding −13.5%/yr from FY2021.
002674 screens 73% overvalued. Compare with Shenzhou International Group →
Peer Group
Textile Manufacturing · 309 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 Textile Manufacturing median · lower = cheaper
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shenzhou International Group 2313 | HK$44.40 | HK$75.65 | +70% |
| Tongkun Group 601233 | ¥23.56 | ¥14.53 | -38% |
| Inner Mongolia ERDOS Resources Co 600295 | ¥12.04 | ¥14.35 | +19% |
| HMT (Xiamen) New Technical Materials Co 603306 | ¥91.75 | ¥12.85 | -86% |
| Far Eastern New Century Corporation 1402 | 27.55 TWD | 28.72 TWD | +4% |
| K.P.R. Mill Limited KPRMILL | ₹1,083 | ₹467.49 | -57% |
| Zhejiang Orient Holdings 600120 | ¥5.18 | ¥2.21 | -57% |
| Vardhman Textiles Limited VTL | ₹602.20 | ₹437.53 | -27% |
| Isiklar Enerji ve Yapi Holding IEYHO | 174.20 TRY | 323.84 TRY | +86% |
| Shandong Fiberglass Group 605006 | ¥16.75 | ¥6.42 | -62% |
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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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