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Zhejiang Yilida Ventilator Co (002686) Fair Value & Analysis

Industrials · CN · Market cap 3.3B CNY

ZY Zhejiang Yilida Ventilator Co 002686 · SHE
Price¥6.34
Fair Value¥0.9200
Upside-85.5%
Quality54/100
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Weak Growth
Thin margins · 1.2% net margin
Low debt · generates free cash flow
0.34% dividend yield
Trails peers (2/14)
Narrow moat 16/100
Evidence: Medium Range ¥0.6900 – ¥1.14 Share as image

Fair value as of: Jul 22, 2026

From 25 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥1.13 to ¥0.9200 (−18.6%) since Jun 25, 2026. Share price +19.8% over the past month.

A solid business, but screening 85% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.14). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥8.47 ¥3.73 Fair Value ¥0.9200 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 ¥3.73 – ¥8.47 · fair‑value band ¥0.6900 – ¥1.14 · the ¥6.34 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 Jul 22, 2026.

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Analysis

Zhejiang Yilida Ventilator Co (002686) currently trades at ¥6.34, while our model-based Fair Value estimate is ¥0.9200, implying the stock looks roughly 85.5% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials 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, Zhejiang Yilida Ventilator Co generated revenue of 1.5B CNY at a net margin of 1.2%. Revenue declined 28.6% year over year. It earns a return on equity of 1.3%. Net debt stands at 7.8M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.6900 (bear case) to ¥1.14 (bull case); at ¥6.34, 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 25% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -85%, 002686 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥0.9500 ¥1.11 ¥1.32 80
Residual Income ¥1.97 ¥1.87 ¥1.43 76
Rev-Margin DCF ¥0.7600 ¥0.8300 ¥0.9100 74
All 25 models by family
DCF Models
FCF DCF ¥0.9500 ¥1.12 ¥1.36 38
Owner Earnings ¥2.10 ¥2.80 ¥3.78 31
5Y Revenue Exit ¥0.7600 ¥0.8200 ¥0.8900 39
5Y EBITDA Exit ¥1.55 ¥2.25 ¥3.05 41
5Y P/E Exit ¥1.18 ¥1.57 ¥1.97 38
10Y Revenue Exit ¥0.8300 ¥0.9000 ¥0.9700 36
10Y EBITDA Exit ¥1.32 ¥1.85 ¥2.54 37
10Y P/E Exit ¥1.08 ¥1.39 ¥1.75 35
Earnings-Based
Graham-Dodd ¥0.3700 ¥0.9600 ¥1.25 54
PEG = 1.0 ¥0.1800 ¥0.2600 ¥0.3400 46
EPV ¥0.6500 ¥0.6700 ¥0.6800 59
Dividend Discount
Gordon GGM ¥0.2300 ¥0.4400 ¥0.6900 70
DDM Multi-Stage ¥0.2300 ¥0.3500 ¥0.4700 61
Multiples
P/E Multiple ¥0.8500 ¥1.13 ¥1.41 63
P/S Multiple ¥0.6900 ¥0.9200 ¥1.14 58
P/B Multiple ¥0.6900 ¥0.9200 ¥1.14 55
EV/EBIT ¥0.7000 ¥0.7500 ¥0.7900 53
EV/EBITDA ¥2.10 ¥2.61 ¥3.12 54
EV/Revenue ¥0.6600 ¥0.7000 ¥0.7500 43
Asset-Based
NCAV (Graham) ¥1.42 ¥1.91 ¥2.84 50
Growth DCF
Growth DCF ¥0.9500 ¥1.11 ¥1.32 80
Rev-Margin DCF ¥0.7600 ¥0.8300 ¥0.9100 74
Economic Profit
Residual Income ¥1.97 ¥1.87 ¥1.43 76
ROIC Compounder ¥0.6500 ¥0.6700 ¥0.6800 72
Growth Earnings
Growth-Adj P/E ¥0.6600 ¥0.9500 ¥1.23 68

Widest divergence: Asset-Based (¥1.91) versus Dividend Discount (¥0.3500). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) -28.6%
Net margin 1.2%
Return on equity 1.3%
Free cash flow 20.8M CNY FY2025
P/E ratio 196.3
More key figures
Operating margin 1.9%
EPS (TTM) ¥0.0300
Dividend yield 0.3%
EPS growth (YoY) -87.7%
Net debt 7.8M CNY FY2024

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 37

Profitability 24
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 25
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 Yilida Ventilator Co.,Ltd., together with its subsidiaries, manufactures and sells central air conditioning fans, and building and engineering fans in China and internationally. It operates through Fan, Vehicle Power Supply, Automotive Die-casting Parts, New Materials, and Debt Collection and Disposal Services segments.

Full company description

Zhejiang Yilida Ventilator Co.,Ltd., together with its subsidiaries, manufactures and sells central air conditioning fans, and building and engineering fans in China and internationally. It operates through Fan, Vehicle Power Supply, Automotive Die-casting Parts, New Materials, and Debt Collection and Disposal Services segments. The company offers energy-saving motorized fan systems, industrial and axial fans, and ventilation products; and air conditioner and refrigeration chain products, parts, and manufacturing equipment. It also provides automobile chargers, DC converters, and other products for use in electric vehicles, forklifts, golf carts, solar power, wind and electric power communications, and rail systems; and automotive lightweight components, such as automotive transmission housing, engine box, and retarder housing, etc. In addition, the company offers vessel and marine protective, function, and composite materials for military and civilian markets; testing and checking facilities; lightweight functional, damping sound absorption, thermal insulation, temperature resistant, deep-sea functional, and special coating materials; new polymer functional materials, which include polyurea polyurethane materials; motors, electric spindles, heating equipment and accessories, ventilation and purification equipment, automation control equipment, special equipment for the electronic industry, and plastic and metal products; and comprehensive support, technical training, and across-the-board expert services. Further, it engages in technical cooperation and investment acquisition; and provision of consulting services. The company sells its products under the Yilida, Wolter, Fulihua, ESSENTEC, AMMT, TC Charger, and Sanjin brands. It exports its products. The company was formerly known as Huangyan Zhongxing Industry and Trade Co., Ltd. Zhejiang Yilida Ventilator Co.,Ltd. was founded in 1994 and is headquartered in Taizhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Yilida Ventilator Co reported revenue of ¥1.6B in FY2025 versus ¥1.9B in FY2021, a compound −3.8%/yr. Reported net income was ¥30.5M in FY2025, compounding −8.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.6B CNY
Latest YoY
+0.8%
Avg. growth/yr (3Y)
−5.1%
Avg. growth/yr (5Y)
+1.9%
Avg. growth/yr (16Y)
+10.8%
Revenue −3.8%/yr
FY21 ¥1.9B
FY22 ¥1.9B
FY23 ¥1.6B
FY24 ¥1.6B
FY25 ¥1.6B
Net income −8.3%/yr
FY21 ¥43.1M
FY22 ¥38.2M
FY23 ¥20.6M
FY24 ¥22.7M
FY25 ¥30.5M

002686 screens 85% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Zhejiang Yilida Ventilator Co Fair Value". https://www.fairvalue-calculator.com/stock/002686

Peer Group

Specialty Industrial Machinery · 809 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 54 · Below median
Fair Value upside −86% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth -29% · Bottom 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 196.3× · Pricier than 75% of peers
P/B 2.07× · Cheaper than median
P/S (TTM) 2.17× · Pricier than median
P/FCF 23.8× · Pricier than 75% of peers
EV/EBITDA 62.9× · Pricier than 75% of peers

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 0 · sector 23
PAST 5 · sector 28
HEALTH 96 · sector 96
DIVIDEND 7 · 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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Zhejiang Yilida Ventilator Co (002686) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.9200 versus a price of ¥6.34, about −85% (overvalued).
What is the fair value of 002686?
Our model-based fair value for Zhejiang Yilida Ventilator Co is ¥0.9200 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥6.34.
What is the quality score of 002686?
Zhejiang Yilida Ventilator Co has a Quality Score of 54/100. 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 Yilida Ventilator Co (002686)?
Zhejiang Yilida Ventilator Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002686?
The net profit margin of Zhejiang Yilida Ventilator Co is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Yilida Ventilator Co pay a dividend?
Zhejiang Yilida Ventilator Co currently shows a dividend yield of about 0.34% 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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