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Shenzhen Dobot Corp Ltd (2432) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Shenzhen Dobot Corp Ltd stock HK$7.07, price HK$17.37, that is 59.3% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials HK · Home China · ISIN CNE100006QF7

SD Shenzhen Dobot Corp Ltd logo Thin data Nov 5, 2026

Shenzhen Dobot Corp Ltd

2432 · HK
Very expensive, weak quality

Our calculation puts a fair price 59% below what the stock costs today.

Low debt
Revenue last quarter +107% vs. a year ago.
Expensive Growth (revenue 3y +26.9 %/yr in CNY)
Fair value HK$7.07 · Strongly overvalued
Quality 37/100
Loss-making · -22.6% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 17/100
Thin data
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What runs behind every stock

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

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

Price vs Fair Value

HK$76.00 HK$16.00 Fair Value HK$7.07 Dec 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

23‑month range HK$16.00 – HK$76.00 · fair‑value band HK$4.66 – HK$8.83 · the HK$17.37 price screens above the HK$7.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Shenzhen Dobot Corp Ltd specializes in the development, manufacturing, and commercialization of collaborative robots, known as cobots in China and Hong Kong. The company's cobots are categorized into two types: four-axis cobots and six-axis cobots.

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It sells its six-axis cobots under the CR Series and the Nova Series. The company's four-axis cobot series primarily consist of Magician Series and M Series.

Its four-axis cobots are used for desktop-level use cases and light manufacturing use cases, such as labeling and electronic component testing processes. It also offers integrated cobots for use in various industries, such as palletizing, welding, mobile operation, and vocational training.

Additionally, it develops an AI-empowered cobot platform, X-Trainer for data collection, low latency, and generalized learning system. The company's CR Series includes six-axis cobot models targeting industrial manufacturers for production systems.

Its Nova Series offers six-axis cobots designed for use cases in customer-facing settings, such as coffee making and latte decoration in coffee shops, physical therapy in clinics, and beverage making.

Its Magician Series offers three models, including two models of four-axis cobots, Magician and Magician Lite, as well as a model of six-axis cobots, Magician E6, designed for education institutions to assist students at various levels in STEAM curricula, such as AI and programming, cobot application trainings, and research and scientific trainings.

Additionally, its M Series includes MG400 and M1 Pro, four-axis cobot models for light manufacturing. Its products are used in industries, such as manufacturing, retail, healthcare, STEAM education, and scientific research settings.

The company was formerly known as Shenzhen Yuejiang Technology Co., Ltd. and changed its name to Shenzhen Dobot Corp Ltd in December 2022. Shenzhen Dobot Corp Ltd was incorporated in 2015 and is headquartered in Shenzhen, China.

Stock analysis

Shenzhen Dobot Corp Ltd (2432) currently trades at HK$17.37, while our model-based Fair Value estimate is HK$7.07, 59% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: HK$4.66 (bear) to HK$8.83 (bull), the price of HK$17.37 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 37/100 (below-average quality), in the Industrials sector.

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

Shenzhen Dobot Corp Ltd reported revenue of 492M CNY in FY2025 versus 174M CNY in FY2021, a compound +29.6%/yr. Reported net income was −83.5M CNY in FY2025.

Key figures

Market cap HK$8.6B (≈ $1.1B) Small · P/S ratio 13.1 · Net margin −17.0% · Return on equity −8.5% · Return on assets (EBIT) −7.0% (5-year average) · Operating margin −10.8% · Revenue (TTM) 655M CNY · Revenue growth (YoY) +107%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (medium confidence).

What moves the price

The share trades about 64% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −59%, 2432 screens richer than that median.

Fair Value models

Bear HK$4.66 Fair Value HK$7.07 Bull HK$8.83
Price HK$17.37 · Downside -59.3%
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. 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.
Best data coverage
NCAV (Graham) HK$4.66 HK$7.06 HK$8.83 54
All 1 models by family
Asset-Based
NCAV (Graham) HK$4.66 HK$7.06 HK$8.83 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

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

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 65
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 90
Debt, balance sheet and risk of trouble
Investment 31
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 3
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 35
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.7%
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.
+26.9%
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.
−21.4% (2021) → −23.5% (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

2432 screens overvalued: fair value 59% below the price. Compare with SIE →

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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.Specialty Industrial Machinery · 813 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −57.7% · Below median
Profitability
Return on assets −2.7% · Bottom 25%
Net margin (12 months) −22.6% · Bottom 25%
Operating margin (12 months) −10.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 106.6% · Top 25%

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/B 2.78× · Pricier than median
P/S (12 months) 11.14× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 30
PAST (return on equity)0 · sector 28
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 29

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

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10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

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Cummins Inc CMI $450.07 $359.36 −20% vs 2432
SIE SIE €263.65 €149.56 −43% vs 2432
AMETEK, Inc AME $228.67 $125.74 −45% vs 2432
Illinois Tool Works Inc ITW $280.95 $154.30 −45% vs 2432
Sandvik AB SAND kr 357.40 kr 194.33 −46% vs 2432
Parker-Hannifin Corporation PH $917.79 $492.92 −46% vs 2432
Rockwell Automation, Inc ROK $375.86 $186.75 −50% vs 2432
Emerson Electric Co EMR $162.35 $79.99 −51% vs 2432
Eaton Corporation ETN $341.72 $156.90 −54% vs 2432
GE Vernova Inc GEV $774.11 $143.50 −81% vs 2432

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Shenzhen Dobot Corp Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shenzhen Dobot Corp Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2432

Frequently asked questions

Is Shenzhen Dobot Corp Ltd (2432) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of HK$7.07 versus a price of HK$17.37, about 59% lower (overvalued).
What is the fair value of 2432?
Our model-based fair value for Shenzhen Dobot Corp Ltd is HK$7.07 (as of Nov 5, 2026), built from audited fundamentals. The current price: HK$17.37.
What is the quality score of 2432?
Shenzhen Dobot Corp Ltd has a Quality Score of 37/100. 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 Dobot Corp Ltd (2432)?
Our model-based price target is the fair value of HK$7.07 (as of Nov 5, 2026) from 1 valuation models. Cautious scenario HK$4.66, optimistic scenario HK$8.83. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenzhen Dobot Corp Ltd stock forecast for 2026?
Our models put fair value at HK$7.07, about 59% lower versus a price of HK$17.37 (overvalued). Cautious scenario HK$4.66, optimistic scenario HK$8.83. The calculation is refreshed regularly with new filings.
What is the revenue of Shenzhen Dobot Corp Ltd (2432)?
Shenzhen Dobot Corp Ltd reported trailing-twelve-month revenue of about 655M CNY (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Shenzhen Dobot Corp Ltd (2432)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenzhen Dobot Corp Ltd it is HK$7.07 per share (as of Nov 5, 2026), against a price of HK$17.37. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Shenzhen Dobot Corp Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 2432 trades above its calculated fair value: price HK$17.37, fair value HK$7.07, a gap of about −59% (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 2432?
No. The price is what the market pays today (HK$17.37); the fair value is what the company's own numbers justify (HK$7.07). For Shenzhen Dobot Corp Ltd the two are HK$10.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenzhen Dobot Corp Ltd worth?
The market values Shenzhen Dobot Corp Ltd at about HK$8.6B (market capitalisation, as of Nov 5, 2026). Per share that is HK$17.37; our models calculate a fair value of HK$7.07 per share.
What do the bullish and bearish scenarios say about 2432?
Our models span a range for Shenzhen Dobot Corp Ltd: cautious scenario HK$4.66, base HK$7.07, optimistic HK$8.83 per share (as of Nov 5, 2026, price HK$17.37). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shenzhen Dobot Corp Ltd (2432)?
Balance-sheet figures for Shenzhen Dobot Corp Ltd (as of Nov 5, 2026): return on equity −8.5%. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 2432 from its 52-week high?
Shenzhen Dobot Corp Ltd trades at HK$17.37, about 64% below its 52-week high of HK$48.44 and 9% above the low of HK$16.00 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$7.07 is for.
Which stocks are comparable to Shenzhen Dobot Corp Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Dobot Corp Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price HK$17.37, calculated fair value HK$7.07 (−59%), Quality Score 37/100, from 1 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 2432 calculated?
We run Shenzhen Dobot Corp Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of HK$7.07 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Shenzhen Dobot Corp 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 Dobot Corp Ltd (2432)?
The closing price on Nov 9, 2026 was HK$17.37. Our model-based fair value is HK$7.07, about 59% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenzhen Dobot Corp Ltd right now?
The price sits above even our optimistic bull case (HK$8.83). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$4.66 to HK$8.83) leaves room in how you read the outcome.

Key figures of Shenzhen Dobot Corp Ltd

How large is the market capitalisation of Shenzhen Dobot Corp Ltd (2432)?
The market capitalisation of Shenzhen Dobot Corp Ltd is HK$8.6B (≈ $1.1B). 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 Dobot Corp Ltd (2432)?
The price-to-sales ratio of Shenzhen Dobot Corp Ltd is 13.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Shenzhen Dobot Corp Ltd (2432)?
The net margin of Shenzhen Dobot Corp Ltd is −17.0% (fiscal year 2025). 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 Dobot Corp Ltd (2432)?
The return on equity (ROE) of Shenzhen Dobot Corp Ltd is −8.5% (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 Dobot Corp Ltd (2432)?
On an EBIT basis the return on assets of Shenzhen Dobot Corp Ltd is −7.0% (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 Dobot Corp Ltd (2432)?
The operating margin of Shenzhen Dobot Corp Ltd is −10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenzhen Dobot Corp Ltd (2432)?
Revenue at Shenzhen Dobot Corp Ltd is growing +107% versus a year earlier (3y avg +26.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Shenzhen Dobot Corp Ltd (2432) generate?
The free cash flow of Shenzhen Dobot Corp Ltd is −57.8M 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 Shenzhen Dobot Corp Ltd (2432) hold?
Shenzhen Dobot Corp Ltd holds more cash than debt, 501M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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