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IFE Elevators Co (002774) Fair Value & Analysis

Industrials · CN · Market cap 4.0B CNY

IE IFE Elevators Co 002774 · SHE
Price¥16.79
Fair Value¥4.47
Upside-73.4%
Quality58/100
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Mixed Growth
Thin margins · 4.0% net margin
generates free cash flow
2.74% dividend yield
Trails peers (2/13)
Narrow moat 28/100
Evidence: High Range ¥3.16 – ¥5.59 Share as image

Fair value as of: Jul 22, 2026

From 25 valuation models · updated 19 days ago

Share price +17.8% 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 (¥5.59). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥17.64 ¥4.11 Fair Value ¥4.47 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 ¥4.11 – ¥17.64 · fair‑value band ¥3.16 – ¥5.59 · the ¥16.79 price screens above the ¥4.47 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

IFE Elevators Co (002774) currently trades at ¥16.79, while our model-based Fair Value estimate is ¥4.47, implying the stock looks roughly 73.4% overvalued today. The Quality Score stands at 58/100 (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: high).

Over the trailing twelve months, IFE Elevators Co generated revenue of 1.5B CNY at a net margin of 4.0%. Revenue declined 2.8% year over year. It earns a return on equity of 4.7%. The balance sheet holds a net cash position of 193M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥3.16 (bear case) to ¥5.59 (bull case); at ¥16.79, 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 110% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -73%, 002774 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
Residual Income ¥2.83 ¥2.93 ¥2.93 76
Growth DCF ¥2.72 ¥3.51 ¥4.54 72
Gordon GGM ¥3.18 ¥5.24 ¥7.57 70
All 25 models by family
DCF Models
FCF DCF ¥2.66 ¥3.52 ¥4.69 38
Owner Earnings ¥1.99 ¥2.57 ¥3.36 31
5Y Revenue Exit ¥2.97 ¥4.27 ¥5.89 39
5Y EBITDA Exit ¥3.37 ¥4.99 ¥6.80 41
5Y P/E Exit ¥3.19 ¥4.67 ¥6.15 38
10Y Revenue Exit ¥2.75 ¥3.88 ¥5.28 36
10Y EBITDA Exit ¥3.07 ¥4.35 ¥5.92 37
10Y P/E Exit ¥2.97 ¥4.14 ¥5.46 35
Earnings-Based
Graham-Dodd ¥1.45 ¥3.36 ¥4.32 54
PEG = 1.0 ¥0.5700 ¥0.8200 ¥1.06 46
EPV ¥2.85 ¥3.21 ¥3.52 59
Dividend Discount
Gordon GGM ¥3.18 ¥5.24 ¥7.57 70
DDM Multi-Stage ¥3.18 ¥4.61 ¥6.14 61
Multiples
P/E Multiple ¥3.35 ¥4.47 ¥5.59 63
P/S Multiple ¥2.71 ¥3.62 ¥4.52 58
P/B Multiple ¥2.71 ¥3.62 ¥4.52 55
EV/EBIT ¥4.42 ¥5.71 ¥6.99 53
EV/EBITDA ¥4.26 ¥5.49 ¥6.71 54
EV/Revenue ¥3.32 ¥4.50 ¥5.67 43
Asset-Based
NCAV (Graham) ¥1.81 ¥2.42 ¥3.61 50
Growth DCF
Growth DCF ¥2.72 ¥3.51 ¥4.54 72
Rev-Margin DCF ¥2.97 ¥4.29 ¥5.70 67
Economic Profit
Residual Income ¥2.83 ¥2.93 ¥2.93 76
ROIC Compounder ¥2.85 ¥3.21 ¥3.52 67
Growth Earnings
Growth-Adj P/E ¥2.53 ¥3.61 ¥4.70 68

Widest divergence: Dividend Discount (¥4.61) versus Asset-Based (¥2.42). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) -2.8%
Net margin 4.0%
Return on equity 4.7%
Free cash flow 69.3M CNY FY2025
P/E ratio 70.7
More key figures
Operating margin -1.7%
EPS (TTM) ¥0.1700
Dividend yield 2.7%
EPS growth (YoY) -29.6%
Net cash 193M CNY FY2024

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 79

Profitability 34
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

IFE Elevators Co., Ltd. engages in the research and development, design, manufacturing, sale and installation, modification, repair, and maintenance of elevators, escalators, and moving walkways in China and internationally.

Full company description

IFE Elevators Co., Ltd. engages in the research and development, design, manufacturing, sale and installation, modification, repair, and maintenance of elevators, escalators, and moving walkways in China and internationally. Its products include passenger elevators, such as super-high-speed, small machine room passenger, machine room-less passenger, firefighter, bed, sightseeing, and home elevators; and freight elevators, including small machine room freight, machine room-less freight, explosion-proof, and sundries elevators, as well as utility and cargo elevators. The company also offers commercial and public transport escalators; and inclined and horizontal moving walks, as well as after-sale services. It provides solutions for residential, commercial, public transport, industrial park, medical, and villas. The company was formerly known as Dongguan IFE Elevators Co., Ltd. and changed its name to IFE Elevators Co.,LTD. in 2011. IFE Elevators Co.,LTD. was founded in 1987 and is headquartered in Dongguan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IFE Elevators Co reported revenue of ¥1.5B in FY2025 versus ¥2.0B in FY2021, a compound −7.4%/yr. Reported net income was ¥71.7M in FY2025, compounding −28.9%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
−7.7%
Avg. growth/yr (3Y)
−0.3%
Avg. growth/yr (5Y)
+9.2%
Avg. growth/yr (13Y)
+7.1%
Revenue −7.4%/yr
FY21 ¥2.0B
FY22 ¥1.5B
FY23 ¥1.7B
FY24 ¥1.6B
FY25 ¥1.5B
Net income −28.9%/yr
FY21 ¥281M
FY22 ¥75.6M
FY23 ¥145M
FY24 ¥132M
FY25 ¥71.7M

002774 screens 73% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "IFE Elevators Co Fair Value". https://www.fairvalue-calculator.com/stock/002774

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 58 · Above median
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 2.7% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 70.7× · Pricier than 75% of peers
P/B 3.33× · Pricier than median
P/S (TTM) 2.79× · Pricier than median
P/FCF 8.7× · Pricier than median
EV/EBITDA 41.7× · 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 19 · sector 28
HEALTH 0 · sector 96
DIVIDEND 55 · 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 IFE Elevators Co (002774) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥4.47 versus a price of ¥16.79, about −73% (overvalued).
What is the fair value of 002774?
Our model-based fair value for IFE Elevators Co is ¥4.47 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥16.79.
What is the quality score of 002774?
IFE Elevators Co 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 revenue of IFE Elevators Co (002774)?
IFE Elevators 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 002774?
The net profit margin of IFE Elevators Co is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does IFE Elevators Co pay a dividend?
IFE Elevators Co currently shows a dividend yield of about 2.74% 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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