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Shenzhen Envicool Technology Co (002837) Fair Value & Analysis

Industrials · CN · Market cap 63.6B CNY

SE Shenzhen Envicool Technology Co 002837 · SHE
Price¥55.45
Fair Value¥9.50
Upside-82.9%
Quality37/100
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Expensive Growth
Thin margins · 7.7% net margin
Low debt · negative free cash flow
0.19% dividend yield
Trails peers (4/13)
Moderate moat 45/100
Evidence: High Range ¥6.72 – ¥11.88 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated today

Share price −20.9% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.88). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥92.91 ¥4.41 Fair Value ¥9.50 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥4.41 – ¥92.91 · fair‑value band ¥6.72 – ¥11.88 · the ¥55.45 price screens above the ¥9.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shenzhen Envicool Technology Co (002837) currently trades at ¥55.45, while our model-based Fair Value estimate is ¥9.50, implying the stock looks roughly 82.9% overvalued today. The Quality Score stands at 37/100 (below-average 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 Envicool Technology Co generated revenue of 6.3B CNY at a net margin of 7.7%. Revenue grew 26.0% year over year. It earns a return on equity of 15.6%. The balance sheet holds a net cash position of 100M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥6.72 (bear case) to ¥11.88 (bull case); at ¥55.45, 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 41% below its 52-week high and 177% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -83%, 002837 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥2.36 to ¥25.25). Read the values as a conservative anchor, not as a price target.
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
Residual Income ¥3.55 ¥4.70 ¥13.67 76
ROIC Compounder ¥10.14 ¥15.76 ¥21.12 72
Gordon GGM ¥1.62 ¥3.37 ¥5.35 70
All 17 models by family
DCF Models
Owner Earnings ¥6.14 ¥12.79 ¥26.73 31
Earnings-Based
Graham-Dodd ¥3.62 ¥25.25 ¥35.43 54
Lynch FV ¥11.91 ¥17.02 ¥22.12 50
PEG = 1.0 ¥11.91 ¥17.02 ¥22.12 46
EPV ¥7.69 ¥8.82 ¥9.80 59
Dividend Discount
Gordon GGM ¥1.62 ¥3.37 ¥5.35 70
DDM Multi-Stage ¥1.62 ¥2.84 ¥3.54 61
Multiples
P/E Multiple ¥8.39 ¥11.18 ¥13.98 63
P/S Multiple ¥6.79 ¥9.05 ¥11.31 58
P/B Multiple ¥6.79 ¥9.05 ¥11.31 55
EV/EBIT ¥10.99 ¥14.34 ¥17.69 53
EV/EBITDA ¥9.68 ¥12.59 ¥15.51 54
EV/Revenue ¥8.11 ¥11.18 ¥14.26 43
Asset-Based
NCAV (Graham) ¥1.76 ¥2.36 ¥3.51 50
Economic Profit
Residual Income ¥3.55 ¥4.70 ¥13.67 76
ROIC Compounder ¥10.14 ¥15.76 ¥21.12 72
Growth Earnings
Growth-Adj P/E ¥15.85 ¥22.65 ¥29.44 68

Widest divergence: Growth Earnings (¥22.65) versus Asset-Based (¥2.36). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 6.3B CNY
Revenue growth (YoY) +26.0%
Net margin 7.7%
Return on equity 15.6%
Free cash flow −146M CNY FY2025
P/E ratio 145.9
More key figures
Operating margin 2.6%
EPS (TTM) ¥0.3800
Dividend yield 0.2%
EPS growth (YoY) -80.0%
Net cash 100M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 39 · Market factors (momentum, volatility) 50

Profitability 49
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 73
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 Envicool Technology Co., Ltd. provides temperature control and energy saving solutions and products in China and internationally.

Full company description

Shenzhen Envicool Technology Co., Ltd. provides temperature control and energy saving solutions and products in China and internationally. The company offers cool inside full-chain liquid, cool inside immersion, electronics, free, turbo powering heat pipe free, closed-coupled, and precision cooling solutions, as well as CRAC, modular data center, integrated, and micromodule integrated solutions. It also provides telecom base station, industrial, traffic network, charging pile, prefabricated power container, outdoor power cabinet, outdoor cabinet, battery swap station, battcool energy storage air, battcool energy storage full-chain liquid, urban delivery, air transport, and rail transit cooling solutions. In addition, the company offers multi-zone cold chain delivery, vehicle environmental control, ultra-low temperature heat pump, integrated battery thermal management, in-bus air environment, independent battery thermal management, rail transit air conditioner energy saving, customized rail transit air purification, and subway air conditioner intermediate overhaul, as well as campus, medical industry, commercial building, public transport, and residential air environment solutions. Further, it provides compressors, electronics cooling, quick disconnect, coolant, liquid cooling, cabinet, UPS, and disinfection components; and after-sales, maintenance, upgrade, engineering, O&M, and spare parts supply services. The company's products are used in data centers, intelligent computing centers, computing equipment, electrochemical energy storage systems, communication networks, power grids, electric vehicle charging piles, industrial automation, power conversion, subway systems, electric commercial vehicles, automotive, and residential healthy air environment management industries. Shenzhen Envicool Technology Co., Ltd. was incorporated in 2005 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Envicool Technology Co reported revenue of ¥6.1B in FY2025 versus ¥2.2B in FY2021, a compound +28.5%/yr. Reported net income was ¥522M in FY2025, compounding +26.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.1B CNY
Latest YoY
+32.2%
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.
+27.6%
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.
+28.9%
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.
+41.3%
Revenue +28.5%/yr
FY21 ¥2.2B
FY22 ¥2.9B
FY23 ¥3.5B
FY24 ¥4.6B
FY25 ¥6.1B
Net income +26.3%/yr
FY21 ¥205M
FY22 ¥280M
FY23 ¥344M
FY24 ¥453M
FY25 ¥522M
Character of growth · EPS growth decomposed (2013-2024) +16.4 % p.a.
Revenue per share +22.7 pp

of which total revenue +31.9 pp · buybacks/dilution −9.2 pp

EBIT margin −2.1 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −3.9 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).

002837 screens 83% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Shenzhen Envicool Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/002837

Peer Group

Specialty Industrial Machinery · 807 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 37 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 26% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 145.9× · Pricier than 75% of peers
P/B 18.45× · Pricier than 75% of peers
P/S (TTM) 10.08× · Pricier than 75% of peers
EV/EBITDA 87.8× · 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 100 · sector 23
PAST 62 · sector 28
HEALTH 95 · sector 96
DIVIDEND 4 · 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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €899.80 €186.93 -79%
1SIE 1SIE €281.75 €91.93 -67%
SMNS SMNS C$31.76 C$22.75 -28%
Atlas Copco AB ATCOA kr 210.00 kr 112.59 -46%
Sandvik AB SAND kr 358.60 kr 193.01 -46%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
NARI Technology Co 600406 ¥24.06 ¥18.71 -22%
ABB India Limited ABB ₹7,700 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹420.00 ₹96.51 -77%

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Frequently asked questions

Is Shenzhen Envicool Technology Co (002837) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥9.50 versus a price of ¥55.45, about −83% (overvalued).
What is the fair value of 002837?
Our model-based fair value for Shenzhen Envicool Technology Co is ¥9.50 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥55.45.
What is the quality score of 002837?
Shenzhen Envicool Technology Co has a Quality Score of 37/100. 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 Envicool Technology Co (002837)?
Shenzhen Envicool Technology Co reported trailing-twelve-month revenue of about 6.3B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 002837?
The net profit margin of Shenzhen Envicool Technology Co is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Envicool Technology Co pay a dividend?
Shenzhen Envicool Technology Co currently shows a dividend yield of about 0.19% relative to its recent price (as of Aug 13, 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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