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Goldcard Smart Group (300349) Fair Value & Analysis

Technology · CN · Market cap 4.8B CNY

GS Goldcard Smart Group 300349 · SHE
Price¥10.53
Fair Value¥12.75
Upside+21.1%
Quality58/100
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Healthy Growth
Thin margins · 8.0% net margin
Low debt · generates free cash flow
2.18% dividend yield
Ranks above peers (9/14)
Narrow moat 36/100
Evidence: High Range ¥9.56 – ¥15.93 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Share price +3.2% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from ¥9.56 (bear) to ¥15.93 (bull), base ¥12.75. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥20.64 ¥8.02 Fair Value ¥12.75 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 ¥8.02 – ¥20.64 · fair‑value band ¥9.56 – ¥15.93 · the ¥10.53 price screens below the ¥12.75 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Goldcard Smart Group (300349) currently trades at ¥10.53, while our model-based Fair Value estimate is ¥12.75, implying the stock looks roughly 21.1% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Technology 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: high), always confirm before acting.

Over the trailing twelve months, Goldcard Smart Group generated revenue of 3.1B CNY at a net margin of 8.0%. Revenue declined 13.2% year over year. It earns a return on equity of 5.6%. The stock trades on a trailing P/E of 19.3. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥9.56 (bear case) to ¥15.93 (bull case); at ¥10.53, 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at 21%, 300349 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 ¥8.15 ¥14.19 ¥23.51 80
Residual Income ¥8.45 ¥8.74 ¥8.75 76
Rev-Margin DCF ¥8.82 ¥15.00 ¥23.77 74
All 26 models by family
DCF Models
FCF DCF ¥8.36 ¥13.20 ¥25.34 38
Owner Earnings ¥9.11 ¥16.39 ¥30.13 31
5Y Revenue Exit ¥8.82 ¥15.32 ¥24.74 39
5Y EBITDA Exit ¥10.38 ¥18.84 ¥30.24 41
5Y P/E Exit ¥10.32 ¥18.70 ¥29.08 38
10Y Revenue Exit ¥8.37 ¥14.63 ¥25.11 36
10Y EBITDA Exit ¥9.67 ¥17.28 ¥30.41 37
10Y P/E Exit ¥9.63 ¥17.18 ¥29.37 35
Earnings-Based
Graham-Dodd ¥4.33 ¥26.45 ¥36.89 54
Lynch FV ¥7.57 ¥10.82 ¥14.06 50
PEG = 1.0 ¥7.57 ¥10.82 ¥14.06 46
EPV ¥8.20 ¥9.16 ¥10.00 59
Dividend Discount
Gordon GGM ¥4.67 ¥9.30 ¥14.09 70
DDM Multi-Stage ¥4.67 ¥8.04 ¥9.82 61
Multiples
P/E Multiple ¥9.56 ¥12.75 ¥15.93 63
P/S Multiple ¥8.13 ¥10.83 ¥13.54 58
P/B Multiple ¥8.13 ¥10.83 ¥13.54 55
EV/EBIT ¥12.17 ¥15.53 ¥18.89 53
EV/EBITDA ¥11.74 ¥14.96 ¥18.17 54
EV/Revenue ¥8.88 ¥11.80 ¥14.71 43
Asset-Based
NCAV (Graham) ¥5.39 ¥7.22 ¥10.78 50
Growth DCF
Growth DCF ¥8.15 ¥14.19 ¥23.51 80
Rev-Margin DCF ¥8.82 ¥15.00 ¥23.77 74
Economic Profit
Residual Income ¥8.45 ¥8.74 ¥8.75 76
ROIC Compounder ¥8.20 ¥9.16 ¥10.00 72
Growth Earnings
Growth-Adj P/E ¥10.69 ¥15.27 ¥19.84 68

Widest divergence: DCF Models (¥16.39) versus Asset-Based (¥7.22). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.1B CNY
Revenue growth (YoY) -13.2%
Net margin 8.0%
Return on equity 5.6%
Free cash flow 189M CNY FY2025
P/E ratio 19.3
More key figures
Operating margin 4.8%
EPS (TTM) ¥0.6000
Dividend yield 2.2%
EPS growth (YoY) -30.0%

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 28

Profitability 32
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 88
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

Goldcard Smart Group Co., Ltd. manufactures and sells digital energy products and solutions in China and internationally. The company offers smart gas solutions, such as residential gas meters and smart gas flow meter solutions; smart water solutions; plant stations; and process measurement products.

Full company description

Goldcard Smart Group Co., Ltd. manufactures and sells digital energy products and solutions in China and internationally. The company offers smart gas solutions, such as residential gas meters and smart gas flow meter solutions; smart water solutions; plant stations; and process measurement products. The company was formerly known as Goldcard High-Tech Co., Ltd. and changed its name to Goldcard Smart Group Co., Ltd. in March 2017. Goldcard Smart Group Co., Ltd. was founded in 1997 and is based in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Goldcard Smart Group reported revenue of ¥3.2B in FY2025 versus ¥2.3B in FY2021, a compound +8.8%/yr. Reported net income was ¥266M in FY2025, compounding −0.1%/yr from FY2021.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.2B CNY
Latest YoY
+5.3%
Avg. growth/yr (3Y)
+5.6%
Avg. growth/yr (5Y)
+10.8%
Avg. growth/yr (16Y)
+24.3%
Revenue +8.8%/yr
FY21 ¥2.3B
FY22 ¥2.7B
FY23 ¥3.2B
FY24 ¥3.1B
FY25 ¥3.2B
Net income −0.1%/yr
FY21 ¥267M
FY22 ¥270M
FY23 ¥409M
FY24 ¥360M
FY25 ¥266M

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Cite: Fair Value Calculator (2026). "Goldcard Smart Group Fair Value". https://www.fairvalue-calculator.com/stock/300349

Peer Group

Scientific & Technical Instruments · 161 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 58 · Above median
Fair Value upside +21% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 2% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 19.3× · Cheaper than 75% of peers
P/B 1.07× · Cheaper than 75% of peers
P/S (TTM) 1.54× · Cheaper than median
P/FCF 3.8× · Cheaper than median
EV/EBITDA 10.9× · Cheaper than 75% of peers

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 61 · sector 0
FUTURE 0 · sector 34
PAST 22 · sector 25
HEALTH 96 · sector 98
DIVIDEND 44 · sector 24

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
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Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Goldcard Smart Group (300349) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥12.75 versus a price of ¥10.53, about +21% (undervalued).
What is the fair value of 300349?
Our model-based fair value for Goldcard Smart Group is ¥12.75 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥10.53.
What is the quality score of 300349?
Goldcard Smart Group has a Quality Score of 58/100. 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 Goldcard Smart Group (300349)?
Goldcard Smart Group reported trailing-twelve-month revenue of about 3.1B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300349?
The net profit margin of Goldcard Smart Group is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.
Does Goldcard Smart Group pay a dividend?
Goldcard Smart Group currently shows a dividend yield of about 2.18% 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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