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Shenzhen Inovance Technology Co (300124) Fair Value & Analysis

Industrials · CN · Market cap 172B CNY

SI Shenzhen Inovance Technology Co 300124 · SHE
Price¥63.39
Fair Value¥33.04
Upside-47.9%
Quality51/100
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Healthy Growth
Solidly profitable · 10.3% net margin
Low debt · generates free cash flow
0.78% dividend yield
Mixed vs. peers (8/15)
Moderate moat 52/100
Evidence: High Range ¥24.78 – ¥63.99 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 26 days ago

Share price −4.0% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥24.78 to ¥63.99) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥88.32 ¥39.39 Fair Value ¥33.04 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥39.39 – ¥88.32 · fair‑value band ¥24.78 – ¥63.99 · the ¥63.39 price screens above the ¥33.04 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Shenzhen Inovance Technology Co (300124) currently trades at ¥63.39, while our model-based Fair Value estimate is ¥33.04, implying the stock looks roughly 47.9% overvalued today. We read business quality at 51/100 (solid quality), in the Industrials 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 Inovance Technology Co generated revenue of 46.3B CNY at a net margin of 10.3%. Revenue grew 13.0% year over year. It earns a return on equity of 14.2%. The balance sheet holds a net cash position of 58.3M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥24.78 (bear case) to ¥63.99 (bull case); at ¥63.39, 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 30% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -53% fair-value upside, at -48%, 300124 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 ¥23.40 ¥44.46 ¥78.96 80
Residual Income ¥12.82 ¥16.79 ¥48.41 76
Rev-Margin DCF ¥26.18 ¥47.40 ¥90.76 74
All 26 models by family
DCF Models
FCF DCF ¥24.75 ¥37.79 ¥79.30 38
Owner Earnings ¥19.51 ¥41.83 ¥88.67 31
5Y Revenue Exit ¥24.24 ¥41.71 ¥78.38 39
5Y EBITDA Exit ¥26.94 ¥47.16 ¥86.86 41
5Y P/E Exit ¥29.37 ¥64.82 ¥113.43 38
10Y Revenue Exit ¥23.91 ¥52.91 ¥72.23 36
10Y EBITDA Exit ¥26.78 ¥58.71 ¥114.89 37
10Y P/E Exit ¥28.55 ¥63.94 ¥122.80 35
Earnings-Based
Graham-Dodd ¥12.68 ¥88.45 ¥124.12 54
Lynch FV ¥41.50 ¥59.29 ¥77.08 50
PEG = 1.0 ¥41.50 ¥59.29 ¥77.08 46
EPV ¥20.65 ¥23.75 ¥26.47 59
Dividend Discount
Gordon GGM ¥4.15 ¥8.63 ¥13.69 70
DDM Multi-Stage ¥4.15 ¥7.28 ¥9.06 61
Multiples
P/E Multiple ¥27.98 ¥37.30 ¥46.63 63
P/S Multiple ¥23.78 ¥31.71 ¥39.63 58
P/B Multiple ¥23.78 ¥31.71 ¥39.63 55
EV/EBIT ¥31.36 ¥41.14 ¥50.92 53
EV/EBITDA ¥26.78 ¥35.03 ¥43.29 54
EV/Revenue ¥21.80 ¥30.27 ¥38.75 43
Asset-Based
NCAV (Graham) ¥6.53 ¥8.75 ¥13.06 50
Growth DCF
Growth DCF ¥23.40 ¥44.46 ¥78.96 80
Rev-Margin DCF ¥26.18 ¥47.40 ¥90.76 74
Economic Profit
Residual Income ¥12.82 ¥16.79 ¥48.41 76
ROIC Compounder ¥27.57 ¥41.08 ¥50.61 72
Growth Earnings
Growth-Adj P/E ¥54.44 ¥77.77 ¥101.10 68

Widest divergence: Growth Earnings (¥77.77) versus Dividend Discount (¥7.28). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 46.3B CNY
Revenue growth (YoY) +13.0%
Net margin 10.3%
Return on equity 14.2%
Free cash flow 3.7B CNY FY2025
P/E ratio 36.7
More key figures
Operating margin 12.4%
EPS (TTM) ¥1.73
Dividend yield 0.8%
EPS growth (YoY) -24.5%
Net cash 58.3M CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 56 · Market factors (momentum, volatility) 42

Profitability 47
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 73
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 Inovance Technology Co.,Ltd manufactures and sells industrial automation control solutions in China and internationally. It operates through four segments: Industrial Automation and Digitalization, New Energy Vehicle Powertrain Systems, Emerging Industries, and Others.

Full company description

Shenzhen Inovance Technology Co.,Ltd manufactures and sells industrial automation control solutions in China and internationally. It operates through four segments: Industrial Automation and Digitalization, New Energy Vehicle Powertrain Systems, Emerging Industries, and Others. The company offers drive system products, including general-purpose low voltage, industry tailored low voltage, engineering, and medium voltage AC drives; motion control system products comprising servo drives and motors; control system products that include PLCS, I/O modules, and HMIs; industrial general-purpose and industry-specific motors; and industrial vision products, such as industrial cameras, vision software platform, and vision components. It also provides industrial robot systems, including articulator 6-axis robots, SCARA robots, robot control cabinet, and robot optional accessories; elevator controllers; and power conversion systems. It serves the off-highway vehicles, lithium batteries, air conditioning and refrigeration, injection molding machinery, and test equipment industries. The company was founded in 2003 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 Inovance Technology Co reported revenue of ¥45.1B in FY2025 versus ¥17.9B in FY2021, a compound +25.9%/yr. Reported net income was ¥5.1B in FY2025, compounding +9.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
45.1B CNY
Latest YoY
+21.8%
Avg. growth/yr (3Y)
+25.2%
Avg. growth/yr (5Y)
+31.4%
Avg. growth/yr (18Y)
+36.8%
Revenue +25.9%/yr
FY21 ¥17.9B
FY22 ¥23.0B
FY23 ¥30.4B
FY24 ¥37.0B
FY25 ¥45.1B
Net income +9.0%/yr
FY21 ¥3.6B
FY22 ¥4.3B
FY23 ¥4.7B
FY24 ¥4.3B
FY25 ¥5.1B

300124 screens 48% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Shenzhen Inovance Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300124

Peer Group

Electrical Equipment & Parts · 519 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 51 · Above median
Fair Value upside −48% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 13% · Above median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 36.7× · Pricier than median
P/B 4.86× · Pricier than 75% of peers
P/S (TTM) 3.71× · Pricier than median
P/FCF 7.0× · Pricier than median
EV/EBITDA 27.5× · Pricier than median
PEG 1.29× · Cheaper 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 65 · sector 57
PAST 57 · sector 27
HEALTH 98 · sector 97
DIVIDEND 16 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 12.39 SGD 1.48 SGD -88%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%
Hyosung Heavy Industries Corporation 298040 2,789,000 KRW 1,065,378 KRW -62%

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Frequently asked questions

Is Shenzhen Inovance Technology Co (300124) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥33.04 versus a price of ¥63.39, about −48% (overvalued).
What is the fair value of 300124?
Our model-based fair value for Shenzhen Inovance Technology Co is ¥33.04 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥63.39.
What is the quality score of 300124?
Shenzhen Inovance Technology Co has a Quality Score of 51/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Shenzhen Inovance Technology Co (300124)?
Shenzhen Inovance Technology Co reported trailing-twelve-month revenue of about 46.3B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 300124?
The net profit margin of Shenzhen Inovance Technology Co is about 10.3%, meaning it keeps roughly 10.3% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Inovance Technology Co pay a dividend?
Shenzhen Inovance Technology Co currently shows a dividend yield of about 0.67% relative to its recent price (as of Jul 12, 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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