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Zhejiang Jiemei Electronic and Technology Co Ltd (002859) Fair Value & Analysis

Basic Materials · CN · Market cap 38.4B CNY (≈ $5.7B) · ISIN CNE100002JM7

What is Zhejiang Jiemei Electronic and Technology Co Ltd really worth?

ZJ Zhejiang Jiemei Electronic and Technology Co Ltd 002859 · SHE
Price¥61.44
Fair Value¥7.31
Upside−88.1%
Quality46/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Below-average quality, and trading another 740% above our fair value of ¥7.31.

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Strengths

Solidly profitable · 10.7% net margin

Risks

!Expensive Growth (revenue 5y +8.1 %/yr)
!Moderate debt · negative free cash flow
!Trails peers (4/13)
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain
!Weak on past: 28 out of 100
!Weak on dividend: 7 out of 100

For context

·0.36% dividend yield
Evidence: Low Range ¥5.48 – ¥9.13

Fair value as of: Sep 1, 2026

From 16 valuation models · updated 4 days ago

Share price +2.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥9.13). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥109.51 ¥15.42 Fair Value ¥7.31 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range ¥15.42 – ¥109.51 · fair‑value band ¥5.48 – ¥9.13 · the ¥61.44 price screens above the ¥7.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Zhejiang Jiemei Electronic and Technology Co Ltd (002859) currently trades at ¥61.44, while our model-based Fair Value estimate is ¥7.31, implying the stock looks roughly 740.3% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ¥10.99 per share, and 0 of the 16 models we run sit above the ¥61.44 price. Bear case: the Economic Profit group reads lowest at ¥3.75, and 16 of the 16 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Zhejiang Jiemei Electronic and Technology Co Ltd generated revenue of 2.2B CNY at a net margin of 10.7%. Revenue grew 22.5% year over year. It earns a return on equity of 7.0%. Net debt stands at 2.2B CNY. Fundamentals as of Sep 1, 2026

Our scenario range runs from ¥5.48 (bear case) to ¥9.13 (bull case); at ¥61.44, 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 36% below its 52-week high and 242% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −88%, 002859 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.2165 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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 best evidence ¥5.93 ¥6.29 ¥6.73 76
EPV ¥2.76 ¥3.75 ¥4.62 74
ROIC Compounder ¥2.76 ¥3.75 ¥4.62 72
All 16 models by family
Earnings-Based
Graham-Dodd ¥3.47 ¥20.31 ¥28.27 63
Lynch FV ¥5.75 ¥8.22 ¥10.68 61
PEG = 1.0 ¥5.75 ¥8.22 ¥10.68 57
EPV ¥2.76 ¥3.75 ¥4.62 74
Dividend Discount
Gordon GGM ¥3.58 ¥7.45 ¥11.82 66
DDM Multi-Stage ¥3.58 ¥6.29 ¥7.82 66
Multiples
P/E Multiple ¥6.50 ¥8.67 ¥10.83 63
P/S Multiple ¥5.48 ¥7.31 ¥9.13 58
P/B Multiple ¥6.50 ¥8.67 ¥10.83 55
EV/EBIT ¥4.10 ¥6.53 ¥8.96 64
EV/EBITDA ¥5.23 ¥8.04 ¥10.84 66
EV/Revenue ¥1.92 ¥4.11 ¥6.31 51
Asset-Based
NCAV (Graham) ¥3.62 ¥4.85 ¥7.24 54
Economic Profit
Residual Income best evidence ¥5.93 ¥6.29 ¥6.73 76
ROIC Compounder ¥2.76 ¥3.75 ¥4.62 72
Growth Earnings
Growth-Adj P/E ¥7.70 ¥10.99 ¥14.29 67

Widest divergence: Growth Earnings (¥10.99) versus Economic Profit (¥3.75). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 113.8
P/S ratio 11.9 P/E × margin
EPS (TTM) ¥0.5400 price ÷ EPS = P/E 113.8
Dividend yield 0.4% payout 40.7%
Net margin 10.5% FY2025
Return on equity 7.0% TTM
More key figures
Profitability
Return on assets (EBIT) 5.5% avg 5y
Operating margin 12.9% TTM
Growth
Revenue (TTM) 2.2B CNY TTM
Revenue growth (YoY) +22.5% 3y avg +17.3%
EPS growth (YoY) +37.5%
Balance sheet & cash flow
Free cash flow −495M CNY FY2025
Net debt 2.2B CNY FY2025

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 65

Profitability 29
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 81
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Zhejiang Jiemei Electronic And Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sales of electronic packaging materials and electronic-grade thin film materials in China and internationally.

Full company description

Zhejiang Jiemei Electronic And Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sales of electronic packaging materials and electronic-grade thin film materials in China and internationally. The company offers paper carrier tapes, including base paper for carrier tapes, un-punched paper tapes, pre-punched paper tapes, and press pocket paper tapes; and top, bottom, and cover tapes. It also provides embossed carrier tapes, such as integrated particle forming machine, fat forming, roller forming carrier tape, and ulta-precision embossed carrier tape; and MLCC, polarizer, OCA, and adhesive release films; polyester film; casting protective and composite film; IC tray; and horizontal tension ring box. Zhejiang Jiemei Electronic And Technology Co., Ltd. was founded in 2001 and is headquartered in Huzhou City, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Jiemei Electronic and Technology Co Ltd reported revenue of 2.1B CNY in FY2025 versus 1.9B CNY in FY2021, a compound +3.1%/yr. Reported net income was 220M CNY in FY2025, compounding −13.3%/yr from FY2021.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.1B CNY
Latest YoY
+15.6%
Avg. revenue 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.
+17.3%
Avg. revenue 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.
+8.1%
Avg. revenue growth/yr (13Y) 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.
+15.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−6.0% (−6.4 + 0.4)
Revenue +3.1%/yr
FY21 1.9B CNY
FY22 1.3B CNY
FY23 1.6B CNY
FY24 1.8B CNY
FY25 2.1B CNY
Net income −13.3%/yr
FY21 389M CNY
FY22 166M CNY
FY23 256M CNY
FY24 202M CNY
FY25 220M CNY
Character of growth · EPS growth decomposed (2013-2024) +10.0 % p.a.
Revenue per share +9.0 %

of which total revenue +13.3 % · buybacks/dilution −3.8 %

EBIT margin +0.9 %
Tax rate +0.8 %
Residual (interest, one-offs) −0.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

002859 screens 740% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Zhejiang Jiemei Electronic and Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002859

Peer Group

Specialty Chemicals · 695 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 46 · Below median
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Below median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth 23% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.63× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 113.8× · Pricier than 75% of peers
P/B 12.29× · Pricier than 75% of peers
P/S (TTM) 17.50× · Pricier than 75% of peers
EV/EBITDA 81.2× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 20
PAST28 · sector 23
HEALTH68 · sector 95
DIVIDEND7 · sector 28

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Zhejiang Jiemei Electronic and Technology Co Ltd (002859) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of ¥7.31 versus a price of ¥61.44, about −88% upside (overvalued).
What is the fair value of 002859?
Our model-based fair value for Zhejiang Jiemei Electronic and Technology Co Ltd is ¥7.31 (as of Sep 1, 2026), built from audited fundamentals. The current price: ¥61.44.
What is the quality score of 002859?
Zhejiang Jiemei Electronic and Technology Co Ltd has a Quality Score of 46/100. 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 Zhejiang Jiemei Electronic and Technology Co Ltd (002859)?
Zhejiang Jiemei Electronic and Technology Co Ltd reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Sep 1, 2026).
What is the net profit margin of 002859?
The net profit margin of Zhejiang Jiemei Electronic and Technology Co Ltd is about 10.7%, meaning it keeps roughly 10.7% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Jiemei Electronic and Technology Co Ltd pay a dividend?
Zhejiang Jiemei Electronic and Technology Co Ltd currently shows a dividend yield of about 0.36% relative to its recent price (as of Sep 1, 2026).
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