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Shandong Meichen Science & Technology Co Ltd (300237) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 3.0B CNY

SM Shandong Meichen Science & Technology Co Ltd 300237 · SHE
Price¥1.98
Fair Value¥2.96
Upside+49.5%
Quality45/100
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Strengths

Trades 49% below our fair value of ¥2.96

Risks

!Weak Growth
!Loss-making · -19.5% net margin
!High debt · generates free cash flow
!Mixed vs. peers (5/12)
Weak Growth
Loss-making · -19.5% net margin
High debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 8/100
Evidence: Medium Range ¥1.40 – ¥4.98 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 9 days ago

Fair value updated Aug 13, 2026, revised from ¥0.8400 to ¥2.96 (+252.4%) since Jul 9, 2026. Share price +7.6% over the past month.

Below-average quality, screening 49% undervalued on our models.

What runs behind every stock

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

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What matters now

  • The model range is unusually wide (¥1.40 to ¥4.98). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥3.98 ¥1.05 Fair Value ¥2.96 Mar 2021 Aug 2026

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

How to read this chart

60‑month range ¥1.05 – ¥3.98 · fair‑value band ¥1.40 – ¥4.98 · the ¥1.98 price screens below the ¥2.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shandong Meichen Science & Technology Co Ltd (300237) currently trades at ¥1.98, while our model-based Fair Value estimate is ¥2.96, implying the stock looks roughly 49.5% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Shandong Meichen Science & Technology Co Ltd generated revenue of 1.9B CNY at a net margin of -19.5%. Revenue grew 18.8% year over year. Net debt stands at 1.8B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥1.40 (bear case) to ¥4.98 (bull case); at ¥1.98, 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 52% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 49%, 300237 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 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
Highest evidence
Growth DCF ¥0.8900 ¥1.62 ¥2.61 80
Rev-Margin DCF ¥0.6600 ¥1.47 ¥2.38 74
Gordon GGM ¥0.8000 ¥1.59 ¥2.40 70
All 9 models by family
DCF Models
FCF DCF ¥0.8600 ¥1.68 ¥2.85 38
5Y Revenue Exit ¥0.6600 ¥1.46 ¥2.45 39
10Y Revenue Exit ¥0.6800 ¥1.41 ¥2.34 36
Dividend Discount
Gordon GGM ¥0.8000 ¥1.59 ¥2.40 70
DDM Multi-Stage ¥0.8000 ¥1.25 ¥1.68 61
Multiples
EV/Revenue ¥0.6300 ¥1.25 ¥1.87 43
Asset-Based
NCAV (Graham) ¥0.0200 ¥0.0300 ¥0.0400 50
Growth DCF
Growth DCF ¥0.8900 ¥1.62 ¥2.61 80
Rev-Margin DCF ¥0.6600 ¥1.47 ¥2.38 74

Widest divergence: Growth DCF (¥1.47) versus Asset-Based (¥0.0300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.9B CNY
Revenue growth (YoY) +18.8%
Net margin -19.5%
Return on equity -225%
Free cash flow 229M CNY FY2025
Operating margin 4.0%
More key figures
EPS (TTM) ¥-0.2600
EPS growth (YoY) -97.7%
Net debt 1.8B CNY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 28

Profitability 5
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
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

Shandong Meichen Technology Group Co., Ltd. engages in the research and development, design, manufacture, and sale of various fluid delivery system products and suspension vibration reduction system products in China.

Full company description

Shandong Meichen Technology Group Co., Ltd. engages in the research and development, design, manufacture, and sale of various fluid delivery system products and suspension vibration reduction system products in China. The company develops and produces fluid pipelines, rubber damping and suspension systems, new energy thermal management systems, and energy storage equipment products, which are used in passenger cars, including new energy vehicles, commercial vehicles, and construction machinery markets. It also engages in the landscaping business, which includes garden and ancient building projects, municipal public works, and ecological restoration technology activities. The company was formerly known as Shandong Meichen Science & Technology Co.,Ltd. and changed its name to Shandong Meichen Technology Group Co., Ltd. in November 2025. The company was founded in 2004 and is headquartered in Weifang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong Meichen Science & Technology Co Ltd reported revenue of ¥1.8B in FY2025 versus ¥2.1B in FY2021, a compound −3.6%/yr. Reported net income was −¥402M in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
+0.8%
Avg. growth/yr (3Y) 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.
+9.5%
Avg. growth/yr (5Y) 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.
−10.2%
Avg. growth/yr (17Y) 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.
+14.6%
Revenue −3.6%/yr
FY21 ¥2.1B
FY22 ¥1.4B
FY23 ¥1.7B
FY24 ¥1.8B
FY25 ¥1.8B
Net income
FY21 −¥367M
FY22 −¥1.4B
FY23 −¥1.4B
FY24 −¥568M
FY25 −¥402M

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Cite: Fair Value Calculator (2026). "Shandong Meichen Science & Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300237

Peer Group

Auto Parts · 641 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 45 · Below median
Fair Value upside +50% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 4.3% · Top 25%
Debt / equity 22.29× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/B 8.28× · Pricier than 75% of peers
P/S (TTM) 0.24× · Cheaper than 75% of peers
P/FCF 2.0× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE99 · sector 17
FUTURE94 · sector 25
PAST0 · sector 28
HEALTH0 · sector 95
DIVIDEND86 · sector 31

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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Frequently asked questions

Is Shandong Meichen Science & Technology Co Ltd (300237) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥2.96 versus a price of ¥1.98, about +49% (undervalued).
What is the fair value of 300237?
Our model-based fair value for Shandong Meichen Science & Technology Co Ltd is ¥2.96 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥1.98.
What is the quality score of 300237?
Shandong Meichen Science & Technology Co Ltd 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 revenue of Shandong Meichen Science & Technology Co Ltd (300237)?
Shandong Meichen Science & Technology Co Ltd reported trailing-twelve-month revenue of about 1.9B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300237?
The net profit margin of Shandong Meichen Science & Technology Co Ltd is about -19.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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