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Shenzhen TVT Digital Technology Co (002835) Fair Value & Analysis

Industrials · CN · Market cap 2.8B CNY

ST Shenzhen TVT Digital Technology Co 002835 · SHE
Price¥12.45
Fair Value¥10.76
Upside-13.6%
Quality57/100
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Expensive Growth
Solidly profitable · 10.2% net margin
Low debt · generates free cash flow
2.20% dividend yield
Trails peers (5/14)
Moderate moat 49/100
Evidence: High Range ¥6.89 – ¥15.15 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price +7.7% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥6.89 to ¥15.15) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥23.37 ¥8.11 Fair Value ¥10.76 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 ¥8.11 – ¥23.37 · fair‑value band ¥6.89 – ¥15.15 · the ¥12.45 price screens above the ¥10.76 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 TVT Digital Technology Co (002835) currently trades at ¥12.45, while our model-based Fair Value estimate is ¥10.76, implying the stock looks roughly 13.6% overvalued today. The Quality Score stands at 57/100 (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 TVT Digital Technology Co generated revenue of 1.1B CNY at a net margin of 10.2%. Revenue grew 3.8% year over year. It earns a return on equity of 9.2%. The balance sheet holds a net cash position of 308M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥6.89 (bear case) to ¥15.15 (bull case); at ¥12.45, 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 38% 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 10% fair-value upside, at -14%, 002835 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 ¥4.18 ¥5.39 ¥7.20 80
Residual Income ¥5.10 ¥5.74 ¥9.22 76
Rev-Margin DCF ¥6.65 ¥10.22 ¥14.46 74
All 26 models by family
DCF Models
FCF DCF ¥4.17 ¥5.42 ¥7.33 38
Owner Earnings ¥7.39 ¥10.57 ¥15.45 31
5Y Revenue Exit ¥6.65 ¥10.32 ¥15.19 39
5Y EBITDA Exit ¥7.62 ¥12.20 ¥17.73 41
5Y P/E Exit ¥8.37 ¥13.63 ¥19.38 38
10Y Revenue Exit ¥5.53 ¥8.63 ¥13.13 36
10Y EBITDA Exit ¥6.33 ¥9.93 ¥15.08 37
10Y P/E Exit ¥6.80 ¥10.92 ¥16.35 35
Earnings-Based
Graham-Dodd ¥4.32 ¥15.61 ¥21.04 54
Lynch FV ¥3.70 ¥5.28 ¥6.87 50
PEG = 1.0 ¥3.70 ¥5.28 ¥6.87 46
EPV ¥7.61 ¥8.48 ¥9.24 59
Dividend Discount
Gordon GGM ¥2.83 ¥5.64 ¥8.55 70
DDM Multi-Stage ¥2.83 ¥4.88 ¥5.96 61
Multiples
P/E Multiple ¥9.52 ¥12.70 ¥15.87 63
P/S Multiple ¥8.09 ¥10.79 ¥13.49 58
P/B Multiple ¥8.09 ¥10.79 ¥13.49 55
EV/EBIT ¥11.20 ¥14.24 ¥17.27 53
EV/EBITDA ¥10.34 ¥13.09 ¥15.83 54
EV/Revenue ¥8.23 ¥10.86 ¥13.49 43
Asset-Based
NCAV (Graham) ¥2.85 ¥3.82 ¥5.70 50
Growth DCF
Growth DCF ¥4.18 ¥5.39 ¥7.20 80
Rev-Margin DCF ¥6.65 ¥10.22 ¥14.46 74
Economic Profit
Residual Income ¥5.10 ¥5.74 ¥9.22 76
ROIC Compounder ¥8.07 ¥9.79 ¥11.94 72
Growth Earnings
Growth-Adj P/E ¥6.81 ¥9.73 ¥12.65 68

Widest divergence: Multiples (¥10.86) versus Asset-Based (¥3.82). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.1B CNY
Revenue growth (YoY) +3.8%
Net margin 10.2%
Return on equity 9.2%
Free cash flow 40.6M CNY FY2025
P/E ratio 23.9
More key figures
Operating margin 13.6%
EPS (TTM) ¥0.5300
Dividend yield 2.2%
EPS growth (YoY) -46.4%
Net cash 308M CNY FY2024

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 29

Profitability 52
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 78
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 TVT Digital Technology Co., Ltd. is involved in the research and development, manufacture, and sales of security video surveillance products in the People's Republic of China and internationally. The company offers HD IP cameras, kits, access control terminals, thermal and HD analog cameras, and PTZ cameras.

Full company description

Shenzhen TVT Digital Technology Co., Ltd. is involved in the research and development, manufacture, and sales of security video surveillance products in the People's Republic of China and internationally. The company offers HD IP cameras, kits, access control terminals, thermal and HD analog cameras, and PTZ cameras. In addition, the company provides platform products, such as management, transfer, and network storage servers, as well as decoder, VMS station, keyboard, and platform software; software products; mounting bracket for access control terminal, and junction box and mount brackets; switches and edge boxes; and keyboard and camera accessories. The company serves commercial retail, schools, communities, buildings, hospitals, enterprises, and governments. Shenzhen TVT Digital Technology Co., Ltd. was founded in 2004 and is headquartered in Shenzhen, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen TVT Digital Technology Co reported revenue of ¥1.1B in FY2025 versus ¥1.0B in FY2021, a compound +2.6%/yr. Reported net income was ¥139M in FY2025, compounding +11.5%/yr from FY2021.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.1B CNY
Latest YoY
−4.1%
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.
+4.7%
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.
+7.2%
Avg. growth/yr (14Y) 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.
+11.4%
Revenue +2.6%/yr
FY21 ¥1.0B
FY22 ¥971M
FY23 ¥1.1B
FY24 ¥1.2B
FY25 ¥1.1B
Net income +11.5%/yr
FY21 ¥90.3M
FY22 ¥110M
FY23 ¥151M
FY24 ¥200M
FY25 ¥139M
Character of growth · EPS growth decomposed (2013-2024) +8.5 % p.a.
Revenue per share +6.9 pp

of which total revenue +10.5 pp · buybacks/dilution −3.6 pp

EBIT margin +1.0 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −0.7 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).

002835 screens 14% overvalued. Compare with ASSA ABLOY AB →

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Cite: Fair Value Calculator (2026). "Shenzhen TVT Digital Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/002835

Peer Group

Security & Protection Services · 114 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 57 · Above median
Fair Value upside −14% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 2.2% · Below median
Debt / equity 0.03× · Higher than median

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 23.9× · Pricier than median
P/B 2.22× · Pricier than median
P/S (TTM) 2.47× · Pricier than 75% of peers
P/FCF 10.2× · Pricier than median
EV/EBITDA 16.2× · 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 15 · sector 19
FUTURE 19 · sector 39
PAST 37 · sector 20
HEALTH 98 · sector 99
DIVIDEND 44 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 348.40 kr 269.97 -23%
Verisure plc VSURE €10.26 €12.40 +21%
Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is Shenzhen TVT Digital Technology Co (002835) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥10.76 versus a price of ¥12.45, about −14% (overvalued).
What is the fair value of 002835?
Our model-based fair value for Shenzhen TVT Digital Technology Co is ¥10.76 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥12.45.
What is the quality score of 002835?
Shenzhen TVT Digital Technology Co has a Quality Score of 57/100. 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 TVT Digital Technology Co (002835)?
Shenzhen TVT Digital Technology Co reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002835?
The net profit margin of Shenzhen TVT Digital Technology Co is about 10.2%, meaning it keeps roughly 10.2% of revenue as net income. Based on the latest reported figures.
Does Shenzhen TVT Digital Technology Co pay a dividend?
Shenzhen TVT Digital Technology Co currently shows a dividend yield of about 2.20% 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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