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Shenzhen King Explorer Science and Technology Corporation (002917) Fair Value & Analysis

Basic Materials · CN · Market cap 4.1B CNY

SK Shenzhen King Explorer Science and Technology Corporation 002917 · SHE
Price¥10.60
Fair Value¥8.54
Upside-19.4%
Quality70/100
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Healthy Growth
Solidly profitable · 10.0% net margin
Low debt · generates free cash flow
1.26% dividend yield
Ranks above peers (9/14)
Moderate moat 50/100
Evidence: Medium Range ¥6.40 – ¥10.67 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price +1.9% over the past month.

A solid business, but screening 19% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from ¥6.40 (bear) to ¥10.67 (bull), base ¥8.54. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥21.22 ¥5.88 Fair Value ¥8.54 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 ¥5.88 – ¥21.22 · fair‑value band ¥6.40 – ¥10.67 · the ¥10.60 price screens above the ¥8.54 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 King Explorer Science and Technology Corporation (002917) currently trades at ¥10.60, while our model-based Fair Value estimate is ¥8.54, implying the stock looks roughly 19.4% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Basic Materials 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: medium).

Over the trailing twelve months, Shenzhen King Explorer Science and Technology Corporation generated revenue of 1.8B CNY at a net margin of 10.0%. Revenue grew 0.1% year over year. It earns a return on equity of 11.2%. Net debt stands at 64.6M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥6.40 (bear case) to ¥10.67 (bull case); at ¥10.60, 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 43% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -19%, 002917 screens cheaper 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥12.21 ¥23.49 ¥42.20 80
Residual Income ¥4.28 ¥4.75 ¥7.29 76
Rev-Margin DCF ¥8.21 ¥13.85 ¥21.90 74
All 26 models by family
DCF Models
FCF DCF ¥12.64 ¥21.50 ¥44.13 38
Owner Earnings ¥10.37 ¥20.66 ¥40.36 31
5Y Revenue Exit ¥8.21 ¥13.86 ¥22.18 39
5Y EBITDA Exit ¥9.21 ¥16.11 ¥25.67 41
5Y P/E Exit ¥8.66 ¥15.04 ¥22.80 38
10Y Revenue Exit ¥9.36 ¥15.67 ¥24.99 36
10Y EBITDA Exit ¥10.24 ¥17.40 ¥29.29 37
10Y P/E Exit ¥9.86 ¥16.44 ¥26.70 35
Earnings-Based
Graham-Dodd ¥3.41 ¥21.45 ¥29.96 54
Lynch FV ¥6.18 ¥8.83 ¥11.48 50
PEG = 1.0 ¥6.18 ¥8.83 ¥11.48 46
EPV ¥6.70 ¥7.64 ¥8.44 59
Dividend Discount
Gordon GGM ¥1.48 ¥2.95 ¥4.46 70
DDM Multi-Stage ¥1.48 ¥2.55 ¥3.11 61
Multiples
P/E Multiple ¥6.40 ¥8.54 ¥10.67 63
P/S Multiple ¥5.73 ¥7.63 ¥9.54 58
P/B Multiple ¥6.40 ¥8.54 ¥10.67 55
EV/EBIT ¥8.38 ¥10.91 ¥13.44 53
EV/EBITDA ¥8.02 ¥10.43 ¥12.84 54
EV/Revenue ¥6.13 ¥8.42 ¥10.71 43
Asset-Based
NCAV (Graham) ¥2.46 ¥3.29 ¥4.92 50
Growth DCF
Growth DCF ¥12.21 ¥23.49 ¥42.20 80
Rev-Margin DCF ¥8.21 ¥13.85 ¥21.90 74
Economic Profit
Residual Income ¥4.28 ¥4.75 ¥7.29 76
ROIC Compounder ¥7.73 ¥10.76 ¥13.84 72
Growth Earnings
Growth-Adj P/E ¥8.05 ¥11.51 ¥14.96 68

Widest divergence: DCF Models (¥16.11) versus Dividend Discount (¥2.55). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.8B CNY
Revenue growth (YoY) +0.1%
Net margin 10.0%
Return on equity 11.2%
Free cash flow 294M CNY FY2025
P/E ratio 22.4
More key figures
Operating margin 14.0%
EPS (TTM) ¥0.5200
Dividend yield 1.3%
EPS growth (YoY) +7.4%
Net debt 64.6M CNY FY2025

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 31

Profitability 42
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 72
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 King Explorer Science and Technology Corporation engages in the research and development, design, manufacture, sales, and service provision of intelligent civil explosive equipment in China and internationally.

Full company description

Shenzhen King Explorer Science and Technology Corporation engages in the research and development, design, manufacture, sales, and service provision of intelligent civil explosive equipment in China and internationally. The company offers bulk explosives equipment, intelligent information systems, detonator assembly line and products, packaged explosives equipment, and related raw materials. It serves civil explosive production companies and blasting service companies. The company was founded in 1994 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 King Explorer Science and Technology Corporation reported revenue of ¥1.8B in FY2025 versus ¥815M in FY2021, a compound +21.4%/yr. Reported net income was ¥175M in FY2025, compounding +44.6%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
+8.4%
Avg. growth/yr (3Y)
+14.0%
Avg. growth/yr (5Y)
+22.8%
Avg. growth/yr (12Y)
+19.6%
Revenue +21.4%/yr
FY21 ¥815M
FY22 ¥1.2B
FY23 ¥1.5B
FY24 ¥1.6B
FY25 ¥1.8B
Net income +44.6%/yr
FY21 ¥39.9M
FY22 ¥25.3M
FY23 ¥102M
FY24 ¥124M
FY25 ¥175M

002917 screens 19% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Shenzhen King Explorer Science and Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/002917

Peer Group

Specialty Chemicals · 676 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 70 · Top 25%
Fair Value upside −19% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 1.3% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 22.4× · Cheaper than median
P/B 2.37× · Pricier than median
P/S (TTM) 2.29× · Pricier than median
P/FCF 2.0× · Pricier than median
EV/EBITDA 12.2× · Pricier than median

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 7 · sector 0
FUTURE 1 · sector 19
PAST 45 · sector 23
HEALTH 98 · sector 95
DIVIDEND 25 · sector 25

Insider activity: 45/100

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Shenzhen King Explorer Science and Technology Corporation (002917) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥8.54 versus a price of ¥10.60, about −19% (overvalued).
What is the fair value of 002917?
Our model-based fair value for Shenzhen King Explorer Science and Technology Corporation is ¥8.54 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥10.60.
What is the quality score of 002917?
Shenzhen King Explorer Science and Technology Corporation has a Quality Score of 70/100. 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 King Explorer Science and Technology Corporation (002917)?
Shenzhen King Explorer Science and Technology Corporation reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002917?
The net profit margin of Shenzhen King Explorer Science and Technology Corporation is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does Shenzhen King Explorer Science and Technology Corporation pay a dividend?
Shenzhen King Explorer Science and Technology Corporation currently shows a dividend yield of about 1.26% 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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