Zhejiang Meida Industrial Co Ltd (002677) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Zhejiang Meida Industrial Co Ltd ¥1.38, price ¥6.07, upside -77.3%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ¥5.53 – ¥17.31 · fair‑value band ¥1.29 – ¥1.38 · the ¥6.07 price screens above the ¥1.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Zhejiang Meida Industrial Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of household kitchen appliances in China.
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Zhejiang Meida Industrial Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of household kitchen appliances in China. The company offers integrated stoves, kitchen cabinets, electric steamers, integrated sinks, dishwashers, water heaters, steam and electric ovens, all-in-one steam-bake machines, all-in-one steam-bake-fryer and stew machines, and whole-house water purification systems, as well as whole-house home customization; and support services. It also provides whole-house customized door, wall, cabinet, and electrical integration solutions. Zhejiang Meida Industrial Co., Ltd. was incorporated in 2001 and is based in Haining, China.
Stock analysis
Zhejiang Meida Industrial Co Ltd (002677) currently trades at ¥6.07, while our model-based Fair Value estimate is ¥1.38, 77.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of ¥2.51 per share, and 0 of the 24 models we run sit above the ¥6.07 price.
Bear case: the Earnings-Based group reads lowest at ¥0.1500, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.29 (bear) to ¥1.38 (bull), the price of ¥6.07 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Zhejiang Meida Industrial Co Ltd reported revenue of 454M CNY in FY2025 versus 2.2B CNY in FY2021, a compound −32.3%/yr. Reported net income was 11.5M CNY in FY2025, compounding −63.7%/yr from FY2021.
Key figures
Market cap 3.9B CNY (≈ $586M) · P/E ratio 651.0 · P/S ratio 16.5 · EPS (TTM) ¥−0.0200 · Dividend yield 0.3% · Net margin 2.5% · Return on equity −0.9% · Return on assets (EBIT) 17.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 29% fair-value upside, at −77%, 002677 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.1500 to ¥2.78). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥1.29Fair Value ¥1.38Bull ¥1.38
Price ¥6.07 · Upside -77.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF¥1.31¥1.41¥1.5780
Growth DCF¥1.32¥1.41¥1.5677
Residual Income¥1.47¥1.36¥1.2976
All 24 models by family
DCF Models
FCF DCF¥1.31¥1.41¥1.5780
Owner Earnings¥1.76¥2.00¥2.4075
5Y Revenue Exit¥1.23¥1.32¥1.4571
5Y EBITDA Exit¥1.61¥1.98¥2.4674
5Y P/E Exit¥1.26¥1.38¥1.5169
10Y Revenue Exit¥1.26¥1.32¥1.3966
10Y EBITDA Exit¥1.47¥1.70¥1.9467
10Y P/E Exit¥1.28¥1.35¥1.4263
Earnings-Based
Graham-Dodd¥0.1200¥0.1500¥0.170067
EPV¥1.07¥1.08¥1.0970
Dividend Discount
Gordon GGM¥2.33¥2.51¥2.7869
DDM Multi-Stage¥2.33¥2.78¥3.3667
Multiples
P/E Multiple¥0.2900¥0.3900¥0.490063
P/S Multiple¥0.2300¥0.3000¥0.380058
P/B Multiple¥0.2300¥0.3000¥0.380055
EV/EBIT¥1.29¥1.39¥1.5063
EV/EBITDA¥1.99¥2.33¥2.6764
EV/Revenue¥1.19¥1.28¥1.3752
Asset-Based
NCAV (Graham)¥1.14¥1.53¥2.2851
Growth DCF
Growth DCF¥1.32¥1.41¥1.5677
Rev-Margin DCF¥1.23¥1.33¥1.4571
Economic Profit
Residual Income¥1.47¥1.36¥1.2976
ROIC Compounder¥1.07¥1.08¥1.0970
Growth Earnings
Growth-Adj P/E¥0.2100¥0.3000¥0.390067
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−48.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−37.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−23.8%
Start year 2020 (pandemic). Over 10 years: −1.3% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−53.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−53.7%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−53.7% vs −22.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.36% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+46.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +43.9% a year for the price.
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Peer Groupⓘ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.Furnishings, Fixtures & Appliances · 307 stocks
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Cite: Fair Value Calculator (2026). "Zhejiang Meida Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002677
Frequently asked questions
Is Zhejiang Meida Industrial Co Ltd (002677) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ¥1.38 versus a price of ¥6.07, about −77% upside (overvalued).
What is the fair value of 002677?
Our model-based fair value for Zhejiang Meida Industrial Co Ltd is ¥1.38 (as of Oct 2, 2026), built from audited fundamentals. The current price: ¥6.07.
What is the quality score of 002677?
Zhejiang Meida Industrial Co Ltd has a Quality Score of 58/100. 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 price target for Zhejiang Meida Industrial Co Ltd (002677)?
Our model-based price target is the fair value of ¥1.38 (as of Oct 2, 2026) from 24 valuation models. Cautious scenario ¥1.29, optimistic scenario ¥1.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Meida Industrial Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.38, about −77% upside versus a price of ¥6.07 (overvalued). Cautious scenario ¥1.29, optimistic scenario ¥1.38. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Meida Industrial Co Ltd (002677)?
Zhejiang Meida Industrial Co Ltd reported trailing-twelve-month revenue of about 375M CNY (latest available figure, as of Oct 2, 2026).
Does Zhejiang Meida Industrial Co Ltd pay a dividend?
Zhejiang Meida Industrial Co Ltd currently shows a dividend yield of about 0.26% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Zhejiang Meida Industrial Co Ltd (002677)?
For today's price to be fair in a discounted-cash-flow model, Zhejiang Meida Industrial Co Ltd would have to grow free cash flow by +46.3 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -23.8 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 002677 use?
Our models discount Zhejiang Meida Industrial Co Ltd at 10.4 %: a base by market capitalisation (small), damped by beta 0.41, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zhejiang Meida Industrial Co Ltd that is +46.3 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Zhejiang Meida Industrial Co Ltd (002677) delivered so far?
Over the past 5 years revenue at Zhejiang Meida Industrial Co Ltd grew -23.8 % a year. The price currently implies +46.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zhejiang Meida Industrial Co Ltd (002677) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Zhejiang Meida Industrial Co Ltd (+46.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhejiang Meida Industrial Co Ltd (002677)?
The free-cash-flow yield on the price is 0.67 %: that much free cash flow Zhejiang Meida Industrial Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhejiang Meida Industrial Co Ltd (002677)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Meida Industrial Co Ltd it is ¥1.38 per share (as of Oct 2, 2026), against a price of ¥6.07. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Meida Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 002677 trades above its calculated fair value: price ¥6.07, fair value ¥1.38, a gap of about −77% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002677?
No. The price is what the market pays today (¥6.07); the fair value is what the company's own numbers justify (¥1.38). For Zhejiang Meida Industrial Co Ltd the two are ¥4.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Meida Industrial Co Ltd worth?
The market values Zhejiang Meida Industrial Co Ltd at about 3.9B CNY (market capitalisation, as of Oct 2, 2026). Per share that is ¥6.07; our models calculate a fair value of ¥1.38 per share.
What do the bullish and bearish scenarios say about 002677?
Our models span a range for Zhejiang Meida Industrial Co Ltd: cautious scenario ¥1.29, base ¥1.38, optimistic ¥1.38 per share (as of Oct 2, 2026, price ¥6.07). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zhejiang Meida Industrial Co Ltd (002677)?
Balance-sheet figures for Zhejiang Meida Industrial Co Ltd (as of Oct 2, 2026): return on equity −0.9%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 002677 from its 52-week high?
Zhejiang Meida Industrial Co Ltd trades at ¥6.07, about 40% below its 52-week high of ¥10.20 and 10% above the low of ¥5.53 (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.38 is for.
Which stocks are comparable to Zhejiang Meida Industrial Co Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, King Slide Works Co, Gree Electric Appliances, Inc, Haier Smart Home Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhejiang Meida Industrial Co Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price ¥6.07, calculated fair value ¥1.38 (−77%), Quality Score 58/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002677 calculated?
We run Zhejiang Meida Industrial Co Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥1.38, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Zhejiang Meida Industrial Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhejiang Meida Industrial Co Ltd (002677)?
The closing price on Oct 8, 2026 was ¥6.07. Our model-based fair value is ¥1.38, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Meida Industrial Co Ltd right now?
The price sits above even our optimistic bull case (¥1.38). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (¥1.29 to ¥1.38), unusually little disagreement for a valuation.
Where does the earnings growth of Zhejiang Meida Industrial Co Ltd (002677) come from?
Earnings per share at Zhejiang Meida Industrial Co Ltd grew +11.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share +13.7 %, EBIT margin −1.8 %, tax rate +0.0 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Zhejiang Meida Industrial Co Ltd
How large is the market capitalisation of Zhejiang Meida Industrial Co Ltd (002677)?
The market capitalisation of Zhejiang Meida Industrial Co Ltd is 3.9B CNY (≈ $586M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Zhejiang Meida Industrial Co Ltd (002677)?
The price-to-earnings ratio of Zhejiang Meida Industrial Co Ltd is 651.0 (as of Jun 16, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Zhejiang Meida Industrial Co Ltd (002677)?
The price-to-sales ratio of Zhejiang Meida Industrial Co Ltd is 16.5 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Meida Industrial Co Ltd (002677)?
Earnings per share at Zhejiang Meida Industrial Co Ltd are ¥−0.0200 (price ÷ EPS = P/E 651.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Meida Industrial Co Ltd (002677)?
The dividend yield of Zhejiang Meida Industrial Co Ltd is 0.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zhejiang Meida Industrial Co Ltd (002677)?
The net margin of Zhejiang Meida Industrial Co Ltd is 2.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhejiang Meida Industrial Co Ltd (002677)?
The return on equity (ROE) of Zhejiang Meida Industrial Co Ltd is −0.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhejiang Meida Industrial Co Ltd (002677)?
On an EBIT basis the return on assets of Zhejiang Meida Industrial Co Ltd is 17.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhejiang Meida Industrial Co Ltd (002677)?
The operating margin of Zhejiang Meida Industrial Co Ltd is −32.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Meida Industrial Co Ltd (002677)?
Revenue at Zhejiang Meida Industrial Co Ltd is growing −47.5% versus a year earlier (3y avg −37.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zhejiang Meida Industrial Co Ltd (002677)?
Earnings per share at Zhejiang Meida Industrial Co Ltd are growing −62.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zhejiang Meida Industrial Co Ltd (002677) hold?
Zhejiang Meida Industrial Co Ltd holds more cash than debt, 920M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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