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SMS Electric Co Ltd Zhengzhou (002857) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of SMS Electric Co Ltd Zhengzhou stock ¥11.18, price ¥15.08, that is 25.9% below the price, quality 44 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology CN · ISIN CNE100002JP0

SE SMS Electric Co Ltd Zhengzhou logo Thin data Nov 10, 2026

SMS Electric Co Ltd Zhengzhou

002857 · SHE
Expensive, weak quality

Our calculation puts a fair price 26% below what the stock costs today.

Revenue last quarter +71% vs. a year ago.
Quality 44/100
Expensive Growth (revenue 5y +11.4 %/yr in CNY)
Fair value ¥11.18 · Overvalued
Loss-making · -15.5% net margin (TTM)
Negative free cash flow
Trails peers (1/10)
Narrow moat 10/100 · thin data
Thin data
Estimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

¥30.02 ¥8.06 Fair Value ¥11.18 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ¥8.06 – ¥30.02 · fair‑value band ¥8.38 – ¥13.97 · the ¥15.08 price screens above the ¥11.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

SMS Electric Co.,Ltd. Zhengzhou engages in the research, design, production and sales of electrical energy metering instruments.

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It offers electric energy meter standard testing equipment, electric energy meter automated assembly line calibration system, electric energy meter intelligent storage system, electricity consumption information collection system, mutual inductor, energy storage, and other products.

SMS Electric Co.,Ltd. Zhengzhou was founded in 1996 and is based in Zhengzhou, China.

Stock analysis

SMS Electric Co Ltd Zhengzhou (002857) currently trades at ¥15.08, while our estimate is ¥11.18, 26% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ¥8.38 (bear) to ¥13.97 (bull), the price of ¥15.08 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 44/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

SMS Electric Co Ltd Zhengzhou reported revenue of 363M CNY in FY2025 versus 220M CNY in FY2021, a compound +13.4%/yr. Reported net income was −41.9M CNY in FY2025.

Key figures

Market cap 2.0B CNY (≈ $295M) Micro · P/S ratio 4.79 · EPS (TTM) ¥−0.4900 · Dividend yield 0.1% · Net margin −15.5% · Return on equity −17.6% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin −5.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 42% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −46% fair-value upside, at −26%, 002857 screens cheaper than that median.

Fair Value

Bear ¥8.38 Fair Value ¥11.18 Bull ¥13.97
Price ¥15.08 · Downside -25.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 0
Are margins and returns getting better?
Cashflow 22
Do the profits arrive as real cash?
Financial strength 91
Debt, balance sheet and risk of trouble
Investment 78
Does it invest with discipline instead of growing at any price?
Low Volatility 61
How calm the share price moves, does not count
Price momentum 15
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 75
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−46.7%
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.
+22.9%
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.
+11.4%
Start year 2020 (pandemic). Over 10 years: +5.6% a year
Revenue growth 14 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.
+8.5%
Profit margin (trend) ⓘ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.
12.4% (2020) → −15.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

002857 screens overvalued: fair value 26% below the price. Compare with Keysight Technologies, Inc →

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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.Scientific & Technical Instruments · 180 stocks

Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside −25.9% · Below median
Profitability
Return on assets −4.4% · Below median
Net margin (12 months) −15.5% · Bottom 25%
Operating margin (12 months) −5.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 71.1% · Top 25%
Dividend yield (12 months) 0.1% · Bottom 25%

Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper

P/B 4.04× · Pricier than median
P/S (12 months) 4.70× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 1
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)0 · sector 20
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)2 · sector 20

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Garmin Ltd GRMN $288.66 $320.98 +11% vs 002857
Teledyne Technologies Incorporated TDY $646.13 $680.46 +5% vs 002857
MKS Inc MKSI $213.47 $199.16 −7% vs 002857
Cognex Corporation CGNX $50.80 $38.10 −25% vs 002857
Trimble Inc TRMB $54.75 $29.48 −46% vs 002857
Fortive Corporation FTV $67.73 $35.67 −47% vs 002857
ESCO Technologies Inc ESE $238.38 $108.62 −54% vs 002857
Coherent Corp COHR $214.66 $92.93 −57% vs 002857
Keysight Technologies, Inc KEYS $291.46 $117.27 −60% vs 002857
AVIC Chengdu Aircraft Company 302132 ¥68.17 ¥12.60 −82% vs 002857

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SMS Electric Co Ltd Zhengzhou: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "SMS Electric Co Ltd Zhengzhou Fair Value". https://www.fairvalue-calculator.com/stock/002857

Frequently asked questions

Is SMS Electric Co Ltd Zhengzhou (002857) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ¥11.18 versus a price of ¥15.08, about 26% lower (overvalued).
What is the fair value of 002857?
Our estimate for SMS Electric Co Ltd Zhengzhou is ¥11.18 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥15.08.
What is the quality score of 002857?
SMS Electric Co Ltd Zhengzhou has a Quality Score of 44/100. 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 SMS Electric Co Ltd Zhengzhou (002857)?
Our calculated price target is the estimate of ¥11.18 (as of Nov 10, 2026). Cautious scenario ¥8.38, optimistic scenario ¥13.97. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the SMS Electric Co Ltd Zhengzhou stock forecast for 2026?
Our estimate puts fair value at ¥11.18, about 26% lower versus a price of ¥15.08 (overvalued). Cautious scenario ¥8.38, optimistic scenario ¥13.97. The calculation is refreshed regularly with new filings.
What is the revenue of SMS Electric Co Ltd Zhengzhou (002857)?
SMS Electric Co Ltd Zhengzhou reported trailing-twelve-month revenue of about 419M CNY (latest available figure, as of Nov 10, 2026).
Does SMS Electric Co Ltd Zhengzhou pay a dividend?
SMS Electric Co Ltd Zhengzhou currently shows a dividend yield of 0.10% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of SMS Electric Co Ltd Zhengzhou (002857)?
SMS Electric Co Ltd Zhengzhou has a dividend yield of 0.1%.
What is the intrinsic value of SMS Electric Co Ltd Zhengzhou (002857)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SMS Electric Co Ltd Zhengzhou it is ¥11.18 per share (as of Nov 10, 2026), against a price of ¥15.08.
Is SMS Electric Co Ltd Zhengzhou stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 002857 trades above its calculated fair value: price ¥15.08, fair value ¥11.18, a gap of about −26% (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 002857?
No. The price is what the market pays today (¥15.08); the fair value is what the company's own numbers justify (¥11.18). For SMS Electric Co Ltd Zhengzhou the two are ¥3.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is SMS Electric Co Ltd Zhengzhou worth?
The market values SMS Electric Co Ltd Zhengzhou at about 2.0B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥15.08; our models calculate a fair value of ¥11.18 per share.
What do the bullish and bearish scenarios say about 002857?
Our models span a range for SMS Electric Co Ltd Zhengzhou: cautious scenario ¥8.38, base ¥11.18, optimistic ¥13.97 per share (as of Nov 10, 2026, price ¥15.08). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SMS Electric Co Ltd Zhengzhou (002857)?
Balance-sheet figures for SMS Electric Co Ltd Zhengzhou (as of Nov 10, 2026): return on equity −17.6%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 002857 from its 52-week high?
SMS Electric Co Ltd Zhengzhou trades at ¥15.08, about 42% below its 52-week high of ¥26.19 and 8% above the low of ¥14.00 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥11.18 is for.
Which stocks are comparable to SMS Electric Co Ltd Zhengzhou?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 SMS Electric Co Ltd Zhengzhou stock attractive at the current price?
The data as of Nov 10, 2026: price ¥15.08, calculated fair value ¥11.18 (−26%), Quality Score 44/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. SMS Electric Co Ltd Zhengzhou 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 SMS Electric Co Ltd Zhengzhou (002857)?
The closing price on Nov 10, 2026 was ¥15.08. Our estimate is ¥11.18, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SMS Electric Co Ltd Zhengzhou right now?
The price sits above even our optimistic bull case (¥13.97). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of SMS Electric Co Ltd Zhengzhou (002857) come from?
Earnings per share at SMS Electric Co Ltd Zhengzhou grew −13.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share +5.2 %, EBIT margin −17.2 %, tax rate +0.6 %, residual (interest, one-offs) −1.1 %. 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 SMS Electric Co Ltd Zhengzhou

How large is the market capitalisation of SMS Electric Co Ltd Zhengzhou (002857)?
The market capitalisation of SMS Electric Co Ltd Zhengzhou is 2.0B CNY (≈ $295M). 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 SMS Electric Co Ltd Zhengzhou (002857)?
The price-to-sales ratio of SMS Electric Co Ltd Zhengzhou is 4.79 (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 SMS Electric Co Ltd Zhengzhou (002857)?
Earnings per share at SMS Electric Co Ltd Zhengzhou are ¥−0.4900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SMS Electric Co Ltd Zhengzhou (002857)?
The dividend yield of SMS Electric Co Ltd Zhengzhou is 0.1%. 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 SMS Electric Co Ltd Zhengzhou (002857)?
The net margin of SMS Electric Co Ltd Zhengzhou is −15.5% (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 SMS Electric Co Ltd Zhengzhou (002857)?
The return on equity (ROE) of SMS Electric Co Ltd Zhengzhou is −17.6% (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 SMS Electric Co Ltd Zhengzhou (002857)?
On an EBIT basis the return on assets of SMS Electric Co Ltd Zhengzhou is 0.4% (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 SMS Electric Co Ltd Zhengzhou (002857)?
The operating margin of SMS Electric Co Ltd Zhengzhou is −5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SMS Electric Co Ltd Zhengzhou (002857)?
Revenue at SMS Electric Co Ltd Zhengzhou is growing +71.1% versus a year earlier (3y avg +22.9%). 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 SMS Electric Co Ltd Zhengzhou (002857)?
Earnings per share at SMS Electric Co Ltd Zhengzhou are growing +673% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SMS Electric Co Ltd Zhengzhou (002857) generate?
The free cash flow of SMS Electric Co Ltd Zhengzhou is −66.5M 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 cash does SMS Electric Co Ltd Zhengzhou (002857) hold?
SMS Electric Co Ltd Zhengzhou holds more cash than debt, 269M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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