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Xiamen Meiya Pico Information (300188) fair value: what the stock is really worth

We calculate from audited financials what Xiamen Meiya Pico Information is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · CN · ISIN CNE100001120

XM Thin data Sep 13, 2026

Xiamen Meiya Pico Information

300188 · SHE

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥2.13 · Strongly overvalued (−79%)
!Quality 45/100
!Weak Growth (revenue 5y −10.0 %/yr)
!Loss-making · -59.4% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (3/12)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 1 out of 100
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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

¥28.35 ¥9.35 Fair Value ¥2.13 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.

How to read this chart

60‑month range ¥9.35 – ¥28.35 · fair‑value band ¥1.93 – ¥2.43 · the ¥10.09 price screens above the ¥2.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.

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Company profile

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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SDIC Intelligence Information Technology Co., Ltd. provides digital forensics and public security big data products and services in China and internationally. 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 ¥10.09, while our model-based Fair Value estimate is ¥2.13, implying the stock looks roughly 373.7% overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of ¥2.12 per share, and 0 of the 9 models we run sit above the ¥10.09 price.

Bear case: the Multiples group reads lowest at ¥2.01, and 9 of the 9 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥1.93 (bear) to ¥2.43 (bull), the price of ¥10.09 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 8.7B CNY (≈ $1.3B) · P/S ratio 6.58 · EPS (TTM) ¥−0.9400 · Dividend yield 0.0% · Net margin −55.4% · Return on equity −26.3% · Return on assets (EBIT) −2.0% · Operating margin −103%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 49% below its 52-week high, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −79%, 300188 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥0.0400 to ¥2.23). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥1.93 Fair Value ¥2.13 Bull ¥2.43
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF ¥1.97 ¥2.23 ¥2.64 82
Growth DCF ¥1.97 ¥2.21 ¥2.58 80
5Y Revenue Exit ¥1.91 ¥2.12 ¥2.39 74
All 9 models by family
DCF Models
FCF DCF ¥1.97 ¥2.23 ¥2.64 82
5Y Revenue Exit ¥1.91 ¥2.12 ¥2.39 74
10Y Revenue Exit ¥1.92 ¥2.12 ¥2.40 68
Dividend Discount
Gordon GGM ¥0.0300 ¥0.0500 ¥0.0800 67
DDM Multi-Stage ¥0.0300 ¥0.0400 ¥0.0500 67
Multiples
EV/Revenue ¥1.89 ¥2.01 ¥2.14 54
Asset-Based
NCAV (Graham) ¥1.55 ¥2.07 ¥3.09 54
Growth DCF
Growth DCF ¥1.97 ¥2.21 ¥2.58 80
Rev-Margin DCF ¥1.91 ¥2.12 ¥2.37 74

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Quality Score breakdown

Overall quality 45/100

Of which business quality 48 · Market factors (momentum, volatility) 28

Profitability 6
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 85
Share count: buybacks or dilution?

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. 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%
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%
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).
+66.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.

300188 screens 374% overvalued. Compare with ASSA ABLOY AB →

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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 · 111 stocks

Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Profitability
Return on assets −8% · Bottom 25%
Net margin (TTM) −59% · Bottom 25%
Operating margin (TTM) −103% · Bottom 25%
Growth and dividend
Revenue growth −24% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Security & Protection Services median · lower = cheaper

P/B 0.50× · Cheapest 25%
P/S (TTM) 0.98× · Cheaper than median
P/FCF 49.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 19
HEALTH (low debt)99 · sector 99
DIVIDEND (yield)1 · sector 45

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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Securitas AB SECUB kr 150.00 kr 178.19 +19%
Zhejiang Dahua Technology Co 002236 ¥15.92 ¥31.47 +98%
MSA Safety Incorporated MSA $182.18 $116.42 −36%
ADT Inc ADT $7.05 $16.68 +137%
The Brink's Company BCO $111.98 $108.25 −3%
Brady Corporation BRC $86.94 $72.32 −17%
The GEO Group GEO $31.49 $17.28 −45%

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Xiamen Meiya Pico Information · Fair Value
¥2.13 −374%Fair Value
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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 Sep 13, 2026, our model estimates a fair value of ¥2.13 versus a price of ¥10.09, about −79% upside (overvalued).
What is the fair value of 300188?
Our model-based fair value for Xiamen Meiya Pico Information is ¥2.13 (as of Sep 13, 2026), built from audited fundamentals. The current price: ¥10.09.
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 ¥2.13 (as of Sep 13, 2026) from 9 valuation models. Cautious scenario ¥1.93, optimistic scenario ¥2.43. 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 ¥2.13, about −79% upside versus a price of ¥10.09 (overvalued). Cautious scenario ¥1.93, optimistic scenario ¥2.43. 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 Sep 13, 2026).
Does Xiamen Meiya Pico Information pay a dividend?
Xiamen Meiya Pico Information currently shows a dividend yield of about 0.03% relative to its recent price (as of Sep 13, 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 +66.6 % 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 Sep 13, 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 0.33, 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 +66.6 % 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 +66.6 % 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 +8.1 % a year. That is the yardstick for the growth priced into Xiamen Meiya Pico Information (+66.6 % 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 0.31 %: 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 ¥2.13 per share (as of Sep 13, 2026), against a price of ¥10.09. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Xiamen Meiya Pico Information stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 300188 trades above its calculated fair value: price ¥10.09, fair value ¥2.13, a gap of about −79% (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 (¥10.09); the fair value is what the company's own numbers justify (¥2.13). For Xiamen Meiya Pico Information the two are ¥7.96 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 8.7B CNY (market capitalisation, as of Sep 13, 2026). Per share that is ¥10.09; our models calculate a fair value of ¥2.13 per share.
What do the bullish and bearish scenarios say about 300188?
Our models span a range for Xiamen Meiya Pico Information: cautious scenario ¥1.93, base ¥2.13, optimistic ¥2.43 per share (as of Sep 13, 2026, price ¥10.09). 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 Sep 13, 2026): return on equity −26.3%, 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 ¥10.09, about 49% below its 52-week high of ¥19.94 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.13 is for.
Which stocks are comparable to Xiamen Meiya Pico Information?
From the same area (Industrials) we also value ASSA ABLOY AB, Verisure plc, Allegion plc, Securitas AB, 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 Sep 13, 2026: price ¥10.09, calculated fair value ¥2.13 (−79%), Quality Score 45/100, from 9 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 9 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 ¥2.13, 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 15.8 % 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 should I pay attention to with Xiamen Meiya Pico Information right now?
The price sits above even our optimistic bull case (¥2.43). 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 8.7B 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 6.58 (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 ¥−0.9400. 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 −55.4% (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 Xiamen Meiya Pico Information (300188)?
The return on equity (ROE) of Xiamen Meiya Pico Information is −26.3% (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 −103% (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 −23.6% 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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