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Shenzhen Mingdiao Decoration Co (002830) Fair Value & Analysis

Industrials · CN · Market cap 2.8B CNY

SM Shenzhen Mingdiao Decoration Co 002830 · SHE
Price¥13.84
Fair Value¥4.31
Upside-68.9%
Quality56/100
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Mixed Growth
Thin margins · 6.1% net margin
Low debt · generates free cash flow
0.90% dividend yield
Trails peers (4/14)
Narrow moat 34/100
Evidence: High Range ¥3.23 – ¥5.39 Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −15.7% over the past month.

A solid business, but screening 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.39). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥33.29 ¥7.58 Fair Value ¥4.31 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 ¥7.58 – ¥33.29 · fair‑value band ¥3.23 – ¥5.39 · the ¥13.84 price screens above the ¥4.31 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

Shenzhen Mingdiao Decoration Co (002830) currently trades at ¥13.84, while our model-based Fair Value estimate is ¥4.31, implying the stock looks roughly 68.9% overvalued today. The Quality Score stands at 56/100 (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, Shenzhen Mingdiao Decoration Co generated revenue of 705M CNY at a net margin of 6.1%. Revenue grew 0.1% year over year. It earns a return on equity of 7.0%. The balance sheet holds a net cash position of 265M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥3.23 (bear case) to ¥5.39 (bull case); at ¥13.84, 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 61% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -69%, 002830 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 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. Evidence
Highest evidence
Growth DCF ¥7.46 ¥9.13 ¥11.88 80
Residual Income ¥2.90 ¥3.02 ¥3.07 76
Rev-Margin DCF ¥5.51 ¥6.72 ¥8.24 74
All 24 models by family
DCF Models
FCF DCF ¥7.28 ¥9.02 ¥12.10 38
Owner Earnings ¥5.92 ¥7.20 ¥9.47 31
5Y Revenue Exit ¥5.51 ¥6.62 ¥8.18 39
5Y EBITDA Exit ¥6.25 ¥7.87 ¥9.96 41
5Y P/E Exit ¥6.14 ¥7.69 ¥9.50 38
10Y Revenue Exit ¥6.11 ¥7.17 ¥8.33 36
10Y EBITDA Exit ¥6.61 ¥7.98 ¥9.49 37
10Y P/E Exit ¥6.55 ¥7.86 ¥9.19 35
Earnings-Based
Graham-Dodd ¥1.57 ¥2.76 ¥3.39 54
EPV ¥4.05 ¥4.36 ¥4.62 59
Dividend Discount
Gordon GGM ¥1.56 ¥1.98 ¥2.41 70
DDM Multi-Stage ¥1.56 ¥2.08 ¥2.70 61
Multiples
P/E Multiple ¥3.80 ¥5.07 ¥6.34 63
P/S Multiple ¥2.94 ¥3.92 ¥4.90 58
P/B Multiple ¥2.94 ¥3.92 ¥4.90 55
EV/EBIT ¥5.75 ¥6.96 ¥8.17 53
EV/EBITDA ¥6.13 ¥7.46 ¥8.80 54
EV/Revenue ¥4.57 ¥5.62 ¥6.67 43
Asset-Based
NCAV (Graham) ¥1.83 ¥2.45 ¥3.66 50
Growth DCF
Growth DCF ¥7.46 ¥9.13 ¥11.88 80
Rev-Margin DCF ¥5.51 ¥6.72 ¥8.24 74
Economic Profit
Residual Income ¥2.90 ¥3.02 ¥3.07 76
ROIC Compounder ¥4.08 ¥4.44 ¥4.82 72
Growth Earnings
Growth-Adj P/E ¥2.68 ¥3.83 ¥4.98 68

Widest divergence: DCF Models (¥7.69) versus Dividend Discount (¥1.98). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 705M CNY
Revenue growth (YoY) +0.1%
Net margin 6.1%
Return on equity 7.0%
Free cash flow 98.9M CNY FY2025
P/E ratio 63.0
More key figures
Operating margin 0.2%
EPS (TTM) ¥0.2400
Dividend yield 0.9%
EPS growth (YoY) +49.7%
Net cash 265M CNY FY2024

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 59 · Market factors (momentum, volatility) 24

Profitability 32
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 0
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

Shenzhen Mingdiao Decoration Co.,Ltd. provides home decoration and furnishing services in China. The company's services include design, engineering construction, wood product customization, decorative material and accessories purchase, and after-sales service, as well as property leasing activities. Shenzhen Mingdiao Decoration Co.,Ltd.

Full company description

Shenzhen Mingdiao Decoration Co.,Ltd. provides home decoration and furnishing services in China. The company's services include design, engineering construction, wood product customization, decorative material and accessories purchase, and after-sales service, as well as property leasing activities. Shenzhen Mingdiao Decoration Co.,Ltd. was founded in 1998 and is based in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Mingdiao Decoration Co reported revenue of ¥705M in FY2025 versus ¥884M in FY2021, a compound −5.5%/yr. Reported net income was ¥42.8M in FY2025, compounding +10.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
705M CNY
Latest YoY
+4.7%
Avg. growth/yr (3Y) 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.
−5.2%
Avg. growth/yr (5Y) 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.
−4.0%
Avg. growth/yr (17Y) 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.
+7.7%
Revenue −5.5%/yr
FY21 ¥884M
FY22 ¥828M
FY23 ¥784M
FY24 ¥674M
FY25 ¥705M
Net income +10.1%/yr
FY21 ¥29.1M
FY22 ¥18.9M
FY23 ¥39.1M
FY24 ¥40.7M
FY25 ¥42.8M
Character of growth · EPS growth decomposed (2013-2024) −7.5 % p.a.
Revenue per share −1.9 pp

of which total revenue +1.3 pp · buybacks/dilution −3.2 pp

EBIT margin −3.5 pp
Tax rate −0.9 pp
Residual (interest, one-offs) −1.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

002830 screens 69% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Shenzhen Mingdiao Decoration Co Fair Value". https://www.fairvalue-calculator.com/stock/002830

Peer Group

Engineering & Construction · 839 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 56 · Above median
Fair Value upside −69% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 2% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 0.9% · Below median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 63.0× · Pricier than 75% of peers
P/B 4.13× · Pricier than 75% of peers
P/S (TTM) 3.99× · Pricier than 75% of peers
P/FCF 4.2× · Pricier than median
EV/EBITDA 38.6× · 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 16
FUTURE 1 · sector 17
PAST 28 · sector 26
HEALTH 100 · sector 94
DIVIDEND 18 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Shenzhen Mingdiao Decoration Co (002830) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥4.31 versus a price of ¥13.84, about −69% (overvalued).
What is the fair value of 002830?
Our model-based fair value for Shenzhen Mingdiao Decoration Co is ¥4.31 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥13.84.
What is the quality score of 002830?
Shenzhen Mingdiao Decoration Co has a Quality Score of 56/100. 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 Shenzhen Mingdiao Decoration Co (002830)?
Shenzhen Mingdiao Decoration Co reported trailing-twelve-month revenue of about 705M CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002830?
The net profit margin of Shenzhen Mingdiao Decoration Co is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Mingdiao Decoration Co pay a dividend?
Shenzhen Mingdiao Decoration Co currently shows a dividend yield of about 0.90% 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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