Xiamen Meiya Pico Information (300188) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Xiamen Meiya Pico Information stock ¥2.16, price ¥9.87, upside -78.1%, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range ¥9.24 – ¥28.35 · fair‑value band ¥1.97 – ¥2.44 · the ¥9.87 price screens above the ¥2.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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SDIC Intelligence Information Technology Co., Ltd. provides digital forensics and public security big data products and services in China and internationally.
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The company offers Xueling project, financial risk monitoring, and electronic data forensics lab solutions; smart monitoring solutions; smart tax collection and administration, and smart inspection solutions; customs anti-smuggling solutions; smart railway solutions; and smart emergency response and fire investigation solutions.
It also provides smart party building, converged media, smart scenic area, smart airport, and smart park solutions; education business line solutions; and urban public safety and smart community solutions, as well as overall solution for intelligent platform for urban social governance.
In addition, the company offers skyscanner big data operation and maintenance, tiansuan big data modeling, and space-based big data governance solutions; and data security, zero trust, cybersecurity classified protection, and data asset management and database scanning system solutions.
Further, it provides electronic data forensics, public safety big data, new cyberspace security, and digital government and enterprise digitalization products; and scientific research platform.
SDIC Intelligence Information Technology Co., Ltd. was formerly known as SDIC Intelligence Xiamen Information Co., Ltd. and changed its name to SDIC Intelligence Information Technology Co., Ltd. in October 2025. The company was founded in 1999 and is headquartered in Xiamen, China.
Stock analysis
Xiamen Meiya Pico Information (300188) currently trades at ¥9.87, while our model-based Fair Value estimate is ¥2.16, 78.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥2.16 per share, and 0 of the 7 models we run sit above the ¥9.87 price.
Bear case: the Asset-Based group reads lowest at ¥1.27, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.97 (bear) to ¥2.44 (bull), the price of ¥9.87 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 45/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Xiamen Meiya Pico Information reported revenue of 1.4B CNY in FY2025 versus 2.5B CNY in FY2021, a compound −13.6%/yr. Reported net income was −782M CNY in FY2025.
Key figures
Market cap 8.5B CNY (≈ $1.3B) Small · P/S ratio 5.98 · EPS (TTM) ¥−0.8900 · Dividend yield 0.0% · Net margin −53.7% · Return on equity −27.0% · Return on assets (EBIT) −2.0% · Operating margin −32.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 2% fair-value upside, at −78%, 300188 screens richer than that median.
Fair Value models
Bear¥1.97Fair Value ¥2.16Bull¥2.44
Price ¥9.87 · Upside -78.1%
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.
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−20.2%
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.
−14.8%
Revenue growth 5 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.
−10.0%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 18 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.
+18.4%
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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.
17.8% (2020) → −26.7% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+66.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +63.2% a year for the price.
Compare Xiamen Meiya Pico Information with another stock
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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.Security & Protection Services · 106 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Xiamen Meiya Pico Information Fair Value". https://www.fairvalue-calculator.com/stock/300188
Frequently asked questions
Is Xiamen Meiya Pico Information (300188) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of ¥2.16 versus a price of ¥9.87, about −78% upside (overvalued).
What is the fair value of 300188?
Our model-based fair value for Xiamen Meiya Pico Information is ¥2.16 (as of Oct 31, 2026), built from audited fundamentals. The current price: ¥9.87.
What is the quality score of 300188?
Xiamen Meiya Pico Information has a Quality Score of 45/100. 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 Xiamen Meiya Pico Information (300188)?
Our model-based price target is the fair value of ¥2.16 (as of Oct 31, 2026) from 7 valuation models. Cautious scenario ¥1.97, optimistic scenario ¥2.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Xiamen Meiya Pico Information stock forecast for 2026?
Our models put fair value at ¥2.16, about −78% upside versus a price of ¥9.87 (overvalued). Cautious scenario ¥1.97, optimistic scenario ¥2.44. The calculation is refreshed regularly with new filings.
What is the revenue of Xiamen Meiya Pico Information (300188)?
Xiamen Meiya Pico Information reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Oct 31, 2026).
Does Xiamen Meiya Pico Information pay a dividend?
Xiamen Meiya Pico Information currently shows a dividend yield of 0.03% relative to its recent price (as of Oct 31, 2026).
What growth is priced into Xiamen Meiya Pico Information (300188)?
For today's price to be fair in a discounted-cash-flow model, Xiamen Meiya Pico Information would have to grow free cash flow by +66.0 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.0 % per year. As of Oct 31, 2026.
What discount rate (WACC) does the fair value of 300188 use?
Our models discount Xiamen Meiya Pico Information at 10.4 %: a base by market capitalisation (small), damped by beta 0.32, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Xiamen Meiya Pico Information that is +66.0 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Xiamen Meiya Pico Information (300188) delivered so far?
Over the past 5 years revenue at Xiamen Meiya Pico Information grew -10.0 % a year. The price currently implies +66.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Xiamen Meiya Pico Information (300188) growing?
The median revenue growth in the sector is +10.9 % a year. That is the yardstick for the growth priced into Xiamen Meiya Pico Information (+66.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Xiamen Meiya Pico Information (300188)?
The free-cash-flow yield on the price is 0.32 %: that much free cash flow Xiamen Meiya Pico Information produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Xiamen Meiya Pico Information (300188)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Xiamen Meiya Pico Information it is ¥2.16 per share (as of Oct 31, 2026), against a price of ¥9.87. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Xiamen Meiya Pico Information stock overvalued or undervalued in 2026?
As of Oct 31, 2026, 300188 trades above its calculated fair value: price ¥9.87, fair value ¥2.16, a gap of about −78% (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 300188?
No. The price is what the market pays today (¥9.87); the fair value is what the company's own numbers justify (¥2.16). For Xiamen Meiya Pico Information the two are ¥7.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Xiamen Meiya Pico Information worth?
The market values Xiamen Meiya Pico Information at about 8.5B CNY (market capitalisation, as of Oct 31, 2026). Per share that is ¥9.87; our models calculate a fair value of ¥2.16 per share.
What do the bullish and bearish scenarios say about 300188?
Our models span a range for Xiamen Meiya Pico Information: cautious scenario ¥1.97, base ¥2.16, optimistic ¥2.44 per share (as of Oct 31, 2026, price ¥9.87). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Xiamen Meiya Pico Information (300188)?
Balance-sheet figures for Xiamen Meiya Pico Information (as of Oct 31, 2026): return on equity −27.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 300188 from its 52-week high?
Xiamen Meiya Pico Information trades at ¥9.87, about 41% below its 52-week high of ¥16.59 and 7% above the low of ¥9.24 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.16 is for.
Which stocks are comparable to Xiamen Meiya Pico Information?
From the same area (Industrials) we also value Allegion plc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, ADT Inc, 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 Xiamen Meiya Pico Information stock attractive at the current price?
The data as of Oct 31, 2026: price ¥9.87, calculated fair value ¥2.16 (−78%), Quality Score 45/100, from 7 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 300188 calculated?
We run Xiamen Meiya Pico Information through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥2.16, 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 13.4 % above its aggregate fair value. Xiamen Meiya Pico Information 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 Xiamen Meiya Pico Information (300188)?
The closing price on Oct 30, 2026 was ¥9.87. Our model-based fair value is ¥2.16, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Xiamen Meiya Pico Information right now?
The price sits above even our optimistic bull case (¥2.44). 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 (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Xiamen Meiya Pico Information
How large is the market capitalisation of Xiamen Meiya Pico Information (300188)?
The market capitalisation of Xiamen Meiya Pico Information is 8.5B CNY (≈ $1.3B). 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 Xiamen Meiya Pico Information (300188)?
The price-to-sales ratio of Xiamen Meiya Pico Information is 5.98 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Xiamen Meiya Pico Information (300188)?
Earnings per share at Xiamen Meiya Pico Information are ¥−0.8900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Xiamen Meiya Pico Information (300188)?
The dividend yield of Xiamen Meiya Pico Information is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Xiamen Meiya Pico Information (300188)?
The net margin of Xiamen Meiya Pico Information is −53.7% (last twelve months). 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 Xiamen Meiya Pico Information (300188)?
The return on equity (ROE) of Xiamen Meiya Pico Information is −27.0% (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 Xiamen Meiya Pico Information (300188)?
On an EBIT basis the return on assets of Xiamen Meiya Pico Information is −2.0% (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 Xiamen Meiya Pico Information (300188)?
The operating margin of Xiamen Meiya Pico Information is −32.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Xiamen Meiya Pico Information (300188)?
Revenue at Xiamen Meiya Pico Information is growing +33.0% versus a year earlier (3y avg −14.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Xiamen Meiya Pico Information (300188)?
Earnings per share at Xiamen Meiya Pico Information are growing −44.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Xiamen Meiya Pico Information (300188) hold?
Xiamen Meiya Pico Information holds more cash than debt, 856M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 31, 2026