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Hefei Meyer Optoelectronic Technology Inc (002690) Fair Value & Analysis

Industrials · CN · Market cap 12.9B CNY

HM Hefei Meyer Optoelectronic Technology Inc 002690 · SHE
Price¥15.34
Fair Value¥14.10
Upside-8.1%
Quality84/100
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Healthy Growth
Highly profitable · 30.1% net margin
Low debt · generates free cash flow
4.85% dividend yield
Ranks above peers (11/14)
Wide moat 88/100
Evidence: High Range ¥11.02 – ¥18.24 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥14.93 to ¥14.10 (−5.6%) since Jun 25, 2026. Share price +5.4% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥11.02 (bear) to ¥18.24 (bull), base ¥14.10. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 84/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥36.53 ¥11.31 Fair Value ¥14.10 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 ¥11.31 – ¥36.53 · fair‑value band ¥11.02 – ¥18.24 · the ¥15.34 price screens above the ¥14.10 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

Hefei Meyer Optoelectronic Technology Inc (002690) currently trades at ¥15.34, while our model-based Fair Value estimate is ¥14.10, implying the stock looks roughly 8.1% fairly valued today. The Quality Score stands at 84/100 (high 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: high).

Over the trailing twelve months, Hefei Meyer Optoelectronic Technology Inc generated revenue of 2.4B CNY at a net margin of 30.1%. Revenue grew 2.5% year over year. It earns a return on equity of 24.4%. The balance sheet holds a net cash position of 1.6B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥11.02 (bear case) to ¥18.24 (bull case); at ¥15.34, the current price sits within 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 30% below its 52-week high and 9% 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 -8%, 002690 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
Growth DCF ¥15.12 ¥25.77 ¥44.11 80
Residual Income ¥4.91 ¥5.86 ¥15.85 76
Rev-Margin DCF ¥8.25 ¥11.75 ¥16.38 74
All 26 models by family
DCF Models
FCF DCF ¥15.28 ¥27.06 ¥48.03 38
Owner Earnings ¥12.16 ¥21.25 ¥37.43 31
5Y Revenue Exit ¥8.25 ¥11.68 ¥16.07 39
5Y EBITDA Exit ¥11.79 ¥19.09 ¥28.23 41
5Y P/E Exit ¥14.07 ¥23.88 ¥35.21 38
10Y Revenue Exit ¥10.36 ¥14.46 ¥20.33 36
10Y EBITDA Exit ¥12.84 ¥19.95 ¥30.68 37
10Y P/E Exit ¥14.37 ¥23.49 ¥36.61 35
Earnings-Based
Graham-Dodd ¥5.54 ¥27.23 ¥37.53 54
Lynch FV ¥7.32 ¥10.46 ¥13.60 50
PEG = 1.0 ¥7.32 ¥10.46 ¥13.60 46
EPV ¥9.23 ¥10.50 ¥11.61 59
Dividend Discount
Gordon GGM ¥6.43 ¥13.36 ¥21.20 70
DDM Multi-Stage ¥6.43 ¥11.27 ¥14.02 61
Multiples
P/E Multiple ¥12.84 ¥17.12 ¥21.40 63
P/S Multiple ¥4.09 ¥5.46 ¥6.82 58
P/B Multiple ¥10.39 ¥13.86 ¥17.32 55
EV/EBIT ¥13.19 ¥17.06 ¥20.92 53
EV/EBITDA ¥10.83 ¥13.92 ¥17.00 54
EV/Revenue ¥5.02 ¥6.50 ¥7.97 43
Asset-Based
NCAV (Graham) ¥1.66 ¥2.22 ¥3.32 50
Growth DCF
Growth DCF ¥15.12 ¥25.77 ¥44.11 80
Rev-Margin DCF ¥8.25 ¥11.75 ¥16.38 74
Economic Profit
Residual Income ¥4.91 ¥5.86 ¥15.85 76
ROIC Compounder ¥10.03 ¥12.44 ¥15.29 72
Growth Earnings
Growth-Adj P/E ¥11.29 ¥16.13 ¥20.97 68

Widest divergence: DCF Models (¥19.95) versus Asset-Based (¥2.22). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.4B CNY
Revenue growth (YoY) +2.5%
Net margin 30.1%
Return on equity 24.4%
Free cash flow 916M CNY FY2025
P/E ratio 17.4
More key figures
Operating margin 31.8%
EPS (TTM) ¥0.8400
Dividend yield 4.9%
EPS growth (YoY) +6.9%
Net cash 1.6B CNY FY2024

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

Quality Score breakdown

Overall quality 84/100

Of which business quality 82 · Market factors (momentum, volatility) 39

Profitability 79
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 81
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

Hefei Meyer Optoelectronic Technology Inc., together with its subsidiaries, engages in the research, development, manufacturing, and sale of optoelectronic intelligent identification equipment in China and internationally. The company operates through three segments: Food Safety, Healthcare, and Renewable Resources.

Full company description

Hefei Meyer Optoelectronic Technology Inc., together with its subsidiaries, engages in the research, development, manufacturing, and sale of optoelectronic intelligent identification equipment in China and internationally. The company operates through three segments: Food Safety, Healthcare, and Renewable Resources. It offers channel and belt-type color sorters, x-ray inspection machine, quality analyzer, and digital and intelligent solutions for food and safety sector; dental CBCT, intraoral scanner, 2D panoramic machine, mobile CT, and spinal surgery robot for healthcare sector; and color, whole bottle, polymer, and aging and fluorescent flakes sorters for recycling sector. The company is also involved in support services; trade and investment; technology development, consulting, and services; general equipment manufacturing; and labor services. It exports its products to approximately 100 countries. The company was founded in 1993 and is headquartered in Hefei, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hefei Meyer Optoelectronic Technology Inc reported revenue of ¥2.4B in FY2025 versus ¥1.8B in FY2021, a compound +7.3%/yr. Reported net income was ¥719M in FY2025, compounding +8.9%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.4B CNY
Latest YoY
+4.2%
Avg. growth/yr (3Y)
+4.4%
Avg. growth/yr (5Y)
+10.0%
Avg. growth/yr (17Y)
+13.9%
Revenue +7.3%/yr
FY21 ¥1.8B
FY22 ¥2.1B
FY23 ¥2.4B
FY24 ¥2.3B
FY25 ¥2.4B
Net income +8.9%/yr
FY21 ¥511M
FY22 ¥730M
FY23 ¥745M
FY24 ¥649M
FY25 ¥719M

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Cite: Fair Value Calculator (2026). "Hefei Meyer Optoelectronic Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/002690

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 84 · Top 25%
Fair Value upside −8% · Above median
Return on equity (TTM) 24% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 30% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 17.4× · Cheaper than 75% of peers
P/B 4.42× · Pricier than 75% of peers
P/S (TTM) 5.35× · Pricier than 75% of peers
P/FCF 2.1× · Cheaper than median
EV/EBITDA 13.9× · Cheaper 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 23 · sector 0
FUTURE 13 · sector 23
PAST 98 · sector 28
HEALTH 100 · sector 96
DIVIDEND 97 · sector 24

Insider activity: 45/100

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.

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Frequently asked questions

Is Hefei Meyer Optoelectronic Technology Inc (002690) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥14.10 versus a price of ¥15.34, about −8% (fairly valued).
What is the fair value of 002690?
Our model-based fair value for Hefei Meyer Optoelectronic Technology Inc is ¥14.10 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥15.34.
What is the quality score of 002690?
Hefei Meyer Optoelectronic Technology Inc has a Quality Score of 84/100. 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 Hefei Meyer Optoelectronic Technology Inc (002690)?
Hefei Meyer Optoelectronic Technology Inc reported trailing-twelve-month revenue of about 2.4B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002690?
The net profit margin of Hefei Meyer Optoelectronic Technology Inc is about 30.1%, meaning it keeps roughly 30.1% of revenue as net income. Based on the latest reported figures.
Does Hefei Meyer Optoelectronic Technology Inc pay a dividend?
Hefei Meyer Optoelectronic Technology Inc currently shows a dividend yield of about 4.85% 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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