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Shenzhen Keanda Electronic Technology Corp (002972) Fair Value & Analysis

Technology · CN · Market cap 3.9B CNY

SK Shenzhen Keanda Electronic Technology Corp 002972 · SHE
Price¥13.81
Fair Value¥6.91
Upside-50.0%
Quality80/100
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Weak Growth
Highly profitable · 23.7% net margin
generates free cash flow
2.06% dividend yield
Mixed vs. peers (7/13)
Wide moat 67/100
Evidence: High Range ¥5.33 – ¥8.13 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥7.11 to ¥6.91 (−2.8%) since Jun 25, 2026. Share price −21.1% over the past month.

A strong business, but screening 50% overvalued on our models.

What matters now

  • A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥8.13). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥19.56 ¥5.75 Fair Value ¥6.91 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 ¥5.75 – ¥19.56 · fair‑value band ¥5.33 – ¥8.13 · the ¥13.81 price screens above the ¥6.91 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 Keanda Electronic Technology Corp (002972) currently trades at ¥13.81, while our model-based Fair Value estimate is ¥6.91, implying the stock looks roughly 50.0% overvalued today. The Quality Score stands at 80/100 (high quality), in the Technology 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 Keanda Electronic Technology Corp generated revenue of 391M CNY at a net margin of 23.7%. Revenue grew 14.4% year over year. It earns a return on equity of 7.4%. The balance sheet holds a net cash position of 505M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥5.33 (bear case) to ¥8.13 (bull case); at ¥13.81, 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 13% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -50%, 002972 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
Residual Income ¥4.04 ¥4.27 ¥4.52 76
Growth DCF ¥11.80 ¥18.39 ¥28.92 72
Gordon GGM ¥2.62 ¥5.23 ¥7.91 70
All 26 models by family
DCF Models
FCF DCF ¥11.87 ¥19.11 ¥31.10 38
Owner Earnings ¥6.63 ¥9.95 ¥15.44 31
5Y Revenue Exit ¥7.19 ¥9.60 ¥12.65 39
5Y EBITDA Exit ¥7.67 ¥10.58 ¥14.04 41
5Y P/E Exit ¥8.69 ¥12.68 ¥17.11 38
10Y Revenue Exit ¥8.66 ¥11.45 ¥15.33 36
10Y EBITDA Exit ¥9.06 ¥12.15 ¥16.46 37
10Y P/E Exit ¥9.72 ¥13.65 ¥18.95 35
Earnings-Based
Graham-Dodd ¥2.42 ¥10.93 ¥14.99 54
Lynch FV ¥2.86 ¥4.08 ¥5.30 50
PEG = 1.0 ¥2.86 ¥4.08 ¥5.30 46
EPV ¥4.44 ¥4.80 ¥5.10 59
Dividend Discount
Gordon GGM ¥2.62 ¥5.23 ¥7.91 70
DDM Multi-Stage ¥2.62 ¥4.52 ¥5.52 61
Multiples
P/E Multiple ¥5.33 ¥7.11 ¥8.89 63
P/S Multiple ¥2.86 ¥3.82 ¥4.77 58
P/B Multiple ¥4.53 ¥6.04 ¥7.55 55
EV/EBIT ¥6.27 ¥7.63 ¥8.98 53
EV/EBITDA ¥5.84 ¥7.06 ¥8.27 54
EV/Revenue ¥4.87 ¥6.02 ¥7.16 43
Asset-Based
NCAV (Graham) ¥2.50 ¥3.34 ¥4.99 50
Growth DCF
Growth DCF ¥11.80 ¥18.39 ¥28.92 72
Rev-Margin DCF ¥7.19 ¥9.67 ¥12.60 67
Economic Profit
Residual Income ¥4.04 ¥4.27 ¥4.52 76
ROIC Compounder ¥4.44 ¥4.80 ¥5.25 67
Growth Earnings
Growth-Adj P/E ¥4.50 ¥6.43 ¥8.36 68

Widest divergence: DCF Models (¥11.45) versus Asset-Based (¥3.34). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 391M CNY
Revenue growth (YoY) +14.4%
Net margin 23.7%
Return on equity 7.4%
Free cash flow 196M CNY FY2025
P/E ratio 41.6
More key figures
Operating margin 46.4%
EPS (TTM) ¥0.3800
Dividend yield 2.1%
EPS growth (YoY) +15.9%
Net cash 505M CNY FY2025

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

Quality Score breakdown

Overall quality 80/100

Of which business quality 78 · Market factors (momentum, volatility) 64

Profitability 43
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 85
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 Keanda Electronic Technology Corp., Ltd. engages in research and development, production, and sales of rail transit products.

Full company description

Shenzhen Keanda Electronic Technology Corp., Ltd. engages in research and development, production, and sales of rail transit products. The company offers axle counter system, axle counter system, point heating system, lightning protection wiring cabinet, intelligent power integrated protection cabinet, cable formed cabinet, power supply lightning protection box, intelligent power distribution box, 5T signal lightning protection box, 5T power supply lightning protection box, surge protective device, and secondary lightning protection equipment. It also provides lightning protection detection service, flashover and grounding materials, signal monitoring lightning protection wiring cabinet, railway signal cable monitoring system, lightning protection device online monitoring system, power distribution integrated automation system, ac and dc power supply equipment, stray current monitoring and protection system, network information security products, and system integration products. Shenzhen Keanda Electronic Technology Corp., Ltd. was founded in 1998 and is based in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Keanda Electronic Technology Corp reported revenue of ¥376M in FY2025 versus ¥401M in FY2021, a compound −1.6%/yr. Reported net income was ¥87.4M in FY2025, compounding −12.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
376M CNY
Latest YoY
+17.6%
Avg. growth/yr (3Y)
+0.8%
Avg. growth/yr (5Y)
+0.8%
Avg. growth/yr (13Y)
+16.6%
Revenue −1.6%/yr
FY21 ¥401M
FY22 ¥367M
FY23 ¥244M
FY24 ¥319M
FY25 ¥376M
Net income −12.8%/yr
FY21 ¥151M
FY22 ¥122M
FY23 ¥62.2M
FY24 ¥88.1M
FY25 ¥87.4M

002972 screens 50% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Shenzhen Keanda Electronic Technology Corp Fair Value". https://www.fairvalue-calculator.com/stock/002972

Peer Group

Electronic Components · 626 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 80 · Top 25%
Fair Value upside −50% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 46% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 2.1% · Above median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 41.6× · Pricier than median
P/B 3.16× · Pricier than median
P/S (TTM) 9.94× · Pricier than 75% of peers
P/FCF 2.9× · Pricier than median
EV/EBITDA 31.7× · 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 0 · sector 0
FUTURE 72 · sector 32
PAST 29 · sector 24
HEALTH 0 · sector 95
DIVIDEND 41 · sector 25

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Shenzhen Keanda Electronic Technology Corp (002972) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥6.91 versus a price of ¥13.81, about −50% (overvalued).
What is the fair value of 002972?
Our model-based fair value for Shenzhen Keanda Electronic Technology Corp is ¥6.91 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥13.81.
What is the quality score of 002972?
Shenzhen Keanda Electronic Technology Corp has a Quality Score of 80/100. 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 Keanda Electronic Technology Corp (002972)?
Shenzhen Keanda Electronic Technology Corp reported trailing-twelve-month revenue of about 391M CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002972?
The net profit margin of Shenzhen Keanda Electronic Technology Corp is about 23.7%, meaning it keeps roughly 23.7% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Keanda Electronic Technology Corp pay a dividend?
Shenzhen Keanda Electronic Technology Corp currently shows a dividend yield of about 2.06% 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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