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Hongli Zhihui Group (300219) Fair Value & Analysis

Technology · CN · Market cap 6.3B CNY

HZ Hongli Zhihui Group 300219 · SHE
Price¥6.95
Fair Value¥2.80
Upside-59.7%
Quality52/100
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Healthy Growth
Thin margins · 2.3% net margin
Low debt · generates free cash flow
2.35% dividend yield
Trails peers (4/14)
Narrow moat 29/100
Evidence: High Range ¥2.07 – ¥3.44 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥3.91 to ¥2.80 (−28.4%) since Jun 24, 2026. Share price −15.5% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥3.44). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥17.42 ¥4.93 Fair Value ¥2.80 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥4.93 – ¥17.42 · fair‑value band ¥2.07 – ¥3.44 · the ¥6.95 price screens above the ¥2.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Hongli Zhihui Group (300219) currently trades at ¥6.95, while our model-based Fair Value estimate is ¥2.80, implying the stock looks roughly 59.7% overvalued today. The Quality Score stands at 52/100 (solid 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, Hongli Zhihui Group generated revenue of 4.4B CNY at a net margin of 2.3%. Revenue grew 6.7% year over year. It earns a return on equity of 4.0%. The balance sheet holds a net cash position of 302M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥2.07 (bear case) to ¥3.44 (bull case); at ¥6.95, 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 29% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -60%, 300219 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 ¥2.09 ¥3.11 ¥4.76 80
Residual Income ¥2.70 ¥2.69 ¥2.39 76
Rev-Margin DCF ¥2.73 ¥4.46 ¥6.70 74
All 26 models by family
DCF Models
FCF DCF ¥2.10 ¥3.23 ¥5.13 38
Owner Earnings ¥0.7100 ¥0.7700 ¥0.8700 31
5Y Revenue Exit ¥2.73 ¥4.53 ¥7.00 39
5Y EBITDA Exit ¥4.54 ¥8.27 ¥13.04 41
5Y P/E Exit ¥2.39 ¥3.83 ¥5.49 38
10Y Revenue Exit ¥2.41 ¥4.03 ¥6.56 36
10Y EBITDA Exit ¥3.67 ¥6.71 ¥11.50 37
10Y P/E Exit ¥2.28 ¥3.53 ¥5.32 35
Earnings-Based
Graham-Dodd ¥0.9400 ¥4.37 ¥6.01 54
Lynch FV ¥1.16 ¥1.65 ¥2.15 50
PEG = 1.0 ¥1.16 ¥1.65 ¥2.15 46
EPV ¥2.83 ¥3.17 ¥3.47 59
Dividend Discount
Gordon GGM ¥1.35 ¥2.70 ¥4.09 70
DDM Multi-Stage ¥1.35 ¥2.33 ¥2.85 61
Multiples
P/E Multiple ¥2.07 ¥2.76 ¥3.44 63
P/S Multiple ¥1.76 ¥2.34 ¥2.93 58
P/B Multiple ¥1.76 ¥2.34 ¥2.93 55
EV/EBIT ¥4.25 ¥5.46 ¥6.66 53
EV/EBITDA ¥6.21 ¥8.06 ¥9.92 54
EV/Revenue ¥3.07 ¥4.12 ¥5.16 43
Asset-Based
NCAV (Graham) ¥1.84 ¥2.46 ¥3.67 50
Growth DCF
Growth DCF ¥2.09 ¥3.11 ¥4.76 80
Rev-Margin DCF ¥2.73 ¥4.46 ¥6.70 74
Economic Profit
Residual Income ¥2.70 ¥2.69 ¥2.39 76
ROIC Compounder ¥2.83 ¥3.17 ¥3.47 72
Growth Earnings
Growth-Adj P/E ¥1.79 ¥2.56 ¥3.32 68

Widest divergence: DCF Models (¥3.83) versus Earnings-Based (¥1.65). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.4B CNY
Revenue growth (YoY) +6.7%
Net margin 2.3%
Return on equity 4.0%
Free cash flow 84.5M CNY FY2025
P/E ratio 59.1
More key figures
Operating margin 2.7%
EPS (TTM) ¥0.1500
Dividend yield 2.4%
EPS growth (YoY) +64.4%
Net cash 302M CNY FY2024

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 47

Profitability 29
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 93
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

Hongli Zhihui Group Co.,Ltd. engages in semiconductor packaging and LED automotive lighting business in China and internationally.

Full company description

Hongli Zhihui Group Co.,Ltd. engages in semiconductor packaging and LED automotive lighting business in China and internationally. It offers lighting components and modules, including TOP, high efficiency, healthy lighting, and strip light series; commercial; outdoor; color; automotive; horticultural; non-visible light; backlit and indicator; special lighting series, including photographic light, and medical aesthetic series; and TV backlight series. The company was formerly known as Guangzhou Hongli Opto-Electronic Co., Ltd. and changed its name to Hongli Zhihui Group Co.,Ltd. in July 2016. Hongli Zhihui Group Co.,Ltd. was founded in 2004 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hongli Zhihui Group reported revenue of ¥4.4B in FY2025 versus ¥4.1B in FY2021, a compound +1.7%/yr. Reported net income was ¥97.5M in FY2025, compounding −22.2%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.4B CNY
Latest YoY
+3.0%
Avg. growth/yr (3Y)
+6.2%
Avg. growth/yr (5Y)
+6.9%
Avg. growth/yr (17Y)
+18.8%
Revenue +1.7%/yr
FY21 ¥4.1B
FY22 ¥3.6B
FY23 ¥3.8B
FY24 ¥4.2B
FY25 ¥4.4B
Net income −22.2%/yr
FY21 ¥266M
FY22 ¥179M
FY23 ¥212M
FY24 ¥81.3M
FY25 ¥97.5M

300219 screens 60% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Hongli Zhihui Group Fair Value". https://www.fairvalue-calculator.com/stock/300219

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 52 · Below median
Fair Value upside −60% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 59.1× · Pricier than median
P/B 2.41× · Pricier than median
P/S (TTM) 1.42× · Cheaper than median
P/FCF 11.0× · Pricier than median
EV/EBITDA 17.9× · 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 34 · sector 32
PAST 16 · sector 24
HEALTH 92 · sector 95
DIVIDEND 47 · 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 9, 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 Hongli Zhihui Group (300219) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥2.80 versus a price of ¥6.95, about −60% (overvalued).
What is the fair value of 300219?
Our model-based fair value for Hongli Zhihui Group is ¥2.80 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥6.95.
What is the quality score of 300219?
Hongli Zhihui Group has a Quality Score of 52/100. 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 Hongli Zhihui Group (300219)?
Hongli Zhihui Group reported trailing-twelve-month revenue of about 4.4B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300219?
The net profit margin of Hongli Zhihui Group is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Hongli Zhihui Group pay a dividend?
Hongli Zhihui Group currently shows a dividend yield of about 2.35% relative to its recent price (as of Jul 9, 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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