Shenzhen Megmeet Electrical Co Ltd (002851) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Shenzhen Megmeet Electrical Co Ltd stock ¥47.23, price ¥93.28, upside -49.4%, quality 33 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 26, 2026.
How to read this chart
60‑month range ¥16.72 – ¥188.79 · fair‑value band ¥35.95 – ¥47.23 · the ¥93.28 price screens above the ¥47.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 26, 2026.
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Shenzhen Megmeet Electrical Co., LTD operates as an electrical automation company in China.
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The company offers power solutions, including datacenter, enclosed, display, telecom, high-voltage microwave, and electric and laser power supply solutions; industrial automation products comprising AC drive, servo and control systems, industry-specific products, encoder, internal gear pumps, and Mlink IoT; eMobility and EV infrastructure products, such as electric vehicle, charging point, railway transport, and light electric vehicle products, as well as electric scroll compressors and construction equipment.
It also provides intelligent equipment, including industrial microwave equipment, intelligent digital welding machine, and intelligent oil production system of electric submersible progressing cavity pumping equipment; residential appliance control solutions comprising HVAC, household microwave, smart bidet, components of smart bidets, refrigerator solutions, and washing machines; and precision connection products, such as FFC, coaxial cables, and magnet wires.
The company was founded in 2003 and is based in Shenzhen, China.
Stock analysis
Shenzhen Megmeet Electrical Co Ltd (002851) currently trades at ¥93.28, while our model-based Fair Value estimate is ¥47.23, 49.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥7.70 per share, and 0 of the 16 models we run sit above the ¥93.28 price.
Bear case: the Earnings-Based group reads lowest at ¥5.91, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥35.95 (bear) to ¥47.23 (bull), the price of ¥93.28 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shenzhen Megmeet Electrical Co Ltd reported revenue of 9.4B CNY in FY2025 versus 4.2B CNY in FY2021, a compound +22.6%/yr. Reported net income was 146M CNY in FY2025, compounding −21.8%/yr from FY2021.
Key figures
Market cap 54.6B CNY (≈ $8.2B) Mid · P/E ratio 245.5 · P/S ratio 6.84 · EPS (TTM) ¥0.3800 · Dividend yield 0.0% · Net margin 2.1% · Return on equity 3.7% · Return on assets (EBIT) 5.0%.
What moves the price
The share trades about 51% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −49%, 002851 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥1.12 to ¥45.11). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥35.95Fair Value ¥47.23Bull¥47.23
Price ¥93.28 · Upside -49.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.2867 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+19.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
Start year 2020 (pandemic). Over 10 years: +27.7% a year
Revenue growth 16 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−19.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.4% vs 3.4%, slowing
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 3%
AI conclusion: Megmeet's business quality benefits from its position supplying customized power systems for AI data centers that drive revenue growth, yet remains limited by persistent margin pressure from material shortages and foreign exchange effects.
Main risk: Upstream material shortages and foreign exchange effects continue to weigh on margins across the wider portfolio and may limit overall business progress.
Megmeet has built a position supplying customized power systems for AI data centers, with that segment driving much of the recent revenue growth. At the same time, upstream material shortages and foreign exchange effects continue to weigh on margins across the wider portfolio. Will the data-center opportunity expand fast enough to ease pressure on the rest of the business, or will those constraints keep limiting overall progress?
Compare Shenzhen Megmeet Electrical Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electrical Equipment & Parts · 554 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−49.4% · Below median
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets1.5% · Below median
Net margin (12 months)2.8% · Below median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)38.9% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)245.5× · Priciest 25%
P/B8.78× · Priciest 25%
P/S (12 months)6.84× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)15· sector 27
HEALTH (low debt)93· sector 97
DIVIDEND (yield)1· sector 23
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shenzhen Megmeet Electrical Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002851
Frequently asked questions
Is Shenzhen Megmeet Electrical Co Ltd (002851) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of ¥47.23 versus a price of ¥93.28, about −49% upside (overvalued).
What is the fair value of 002851?
Our model-based fair value for Shenzhen Megmeet Electrical Co Ltd is ¥47.23 (as of Oct 26, 2026), built from audited fundamentals. The current price: ¥93.28.
What is the quality score of 002851?
Shenzhen Megmeet Electrical Co Ltd has a Quality Score of 33/100. 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 price target for Shenzhen Megmeet Electrical Co Ltd (002851)?
Our model-based price target is the fair value of ¥47.23 (as of Oct 26, 2026) from 16 valuation models. Cautious scenario ¥35.95, optimistic scenario ¥47.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenzhen Megmeet Electrical Co Ltd stock forecast for 2026?
Our models put fair value at ¥47.23, about −49% upside versus a price of ¥93.28 (overvalued). Cautious scenario ¥35.95, optimistic scenario ¥47.23. The calculation is refreshed regularly with new filings.
What is the revenue of Shenzhen Megmeet Electrical Co Ltd (002851)?
Shenzhen Megmeet Electrical Co Ltd reported trailing-twelve-month revenue of about 10.8B CNY (latest available figure, as of Oct 26, 2026).
Does Shenzhen Megmeet Electrical Co Ltd pay a dividend?
Shenzhen Megmeet Electrical Co Ltd currently shows a dividend yield of 0.03% relative to its recent price (as of Oct 26, 2026).
What is the intrinsic value of Shenzhen Megmeet Electrical Co Ltd (002851)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenzhen Megmeet Electrical Co Ltd it is ¥47.23 per share (as of Oct 26, 2026), against a price of ¥93.28. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Shenzhen Megmeet Electrical Co Ltd stock overvalued or undervalued in 2026?
As of Oct 26, 2026, 002851 trades above its calculated fair value: price ¥93.28, fair value ¥47.23, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002851?
No. The price is what the market pays today (¥93.28); the fair value is what the company's own numbers justify (¥47.23). For Shenzhen Megmeet Electrical Co Ltd the two are ¥46.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenzhen Megmeet Electrical Co Ltd worth?
The market values Shenzhen Megmeet Electrical Co Ltd at about 54.6B CNY (market capitalisation, as of Oct 26, 2026). Per share that is ¥93.28; our models calculate a fair value of ¥47.23 per share.
What do the bullish and bearish scenarios say about 002851?
Our models span a range for Shenzhen Megmeet Electrical Co Ltd: cautious scenario ¥35.95, base ¥47.23, optimistic ¥47.23 per share (as of Oct 26, 2026, price ¥93.28). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002851?
Shenzhen Megmeet Electrical Co Ltd trades at a price-to-earnings ratio of 245.5 (as of Oct 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥47.23 is built from several models across several years. Other multiples: P/B 8.8, P/S 6.8.
How solid is the balance sheet of Shenzhen Megmeet Electrical Co Ltd (002851)?
Balance-sheet figures for Shenzhen Megmeet Electrical Co Ltd (as of Oct 26, 2026): return on equity 3.7%, debt of 0.15 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 002851 from its 52-week high?
Shenzhen Megmeet Electrical Co Ltd trades at ¥93.28, about 51% below its 52-week high of ¥188.79 and 36% above the low of ¥68.80 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥47.23 is for.
Which stocks are comparable to Shenzhen Megmeet Electrical Co Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shenzhen Megmeet Electrical Co Ltd stock attractive at the current price?
The data as of Oct 26, 2026: price ¥93.28, calculated fair value ¥47.23 (−49%), Quality Score 33/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002851 calculated?
We run Shenzhen Megmeet Electrical Co Ltd through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥47.23, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.5 % above its aggregate fair value. Shenzhen Megmeet Electrical Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shenzhen Megmeet Electrical Co Ltd (002851)?
The closing price on Oct 23, 2026 was ¥93.28. Our model-based fair value is ¥47.23, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenzhen Megmeet Electrical Co Ltd right now?
The price sits above even our optimistic bull case (¥47.23). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Shenzhen Megmeet Electrical Co Ltd (002851) come from?
Earnings per share at Shenzhen Megmeet Electrical Co Ltd grew +25.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share +21.8 %, EBIT margin +3.2 %, tax rate +0.1 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shenzhen Megmeet Electrical Co Ltd
How large is the market capitalisation of Shenzhen Megmeet Electrical Co Ltd (002851)?
The market capitalisation of Shenzhen Megmeet Electrical Co Ltd is 54.6B CNY (≈ $8.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shenzhen Megmeet Electrical Co Ltd (002851)?
The price-to-sales ratio of Shenzhen Megmeet Electrical Co Ltd is 6.84 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shenzhen Megmeet Electrical Co Ltd (002851)?
Earnings per share at Shenzhen Megmeet Electrical Co Ltd are ¥0.3800 (price ÷ EPS = P/E 245.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenzhen Megmeet Electrical Co Ltd (002851)?
The dividend yield of Shenzhen Megmeet Electrical Co Ltd is 0.0% (payout 7.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shenzhen Megmeet Electrical Co Ltd (002851)?
The net margin of Shenzhen Megmeet Electrical Co Ltd is 2.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shenzhen Megmeet Electrical Co Ltd (002851)?
The return on equity (ROE) of Shenzhen Megmeet Electrical Co Ltd is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shenzhen Megmeet Electrical Co Ltd (002851)?
On an EBIT basis the return on assets of Shenzhen Megmeet Electrical Co Ltd is 5.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shenzhen Megmeet Electrical Co Ltd (002851)?
The operating margin of Shenzhen Megmeet Electrical Co Ltd is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenzhen Megmeet Electrical Co Ltd (002851)?
Revenue at Shenzhen Megmeet Electrical Co Ltd is growing +38.9% versus a year earlier (3y avg +19.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shenzhen Megmeet Electrical Co Ltd (002851)?
Earnings per share at Shenzhen Megmeet Electrical Co Ltd are growing +96.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shenzhen Megmeet Electrical Co Ltd (002851) generate?
The free cash flow of Shenzhen Megmeet Electrical Co Ltd is −578M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shenzhen Megmeet Electrical Co Ltd (002851) carry?
The net debt of Shenzhen Megmeet Electrical Co Ltd is 928M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 26, 2026