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Shenzhen Minkave Technology Co (300506) Fair Value & Analysis

Industrials · CN · Market cap 7.0B CNY

SM Shenzhen Minkave Technology Co 300506 · SHE
Price¥5.65
Fair Value¥0.7225
Upside-87.2%
Quality32/100
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Weak Growth
Loss-making · -38.8% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 6/100
Evidence: Low Range ¥0.4760 – ¥0.9010 Share as image

Fair value as of: Jul 9, 2026

From 1 valuation models · updated 32 days ago

Share price −2.1% over the past month.

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.9010). The favourable scenario is already priced in.
  • Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (¥0.4760 to ¥0.9010) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥9.22 ¥1.25 Fair Value ¥0.7225 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 ¥1.25 – ¥9.22 · fair‑value band ¥0.4760 – ¥0.9010 · the ¥5.65 price screens above the ¥0.7225 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shenzhen Minkave Technology Co (300506) currently trades at ¥5.65, while our model-based Fair Value estimate is ¥0.7225, implying the stock looks roughly 87.2% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, Shenzhen Minkave Technology Co generated revenue of 165M CNY at a net margin of -38.8%. Revenue declined 58.7% year over year. It earns a return on equity of -8.8%. Net debt stands at 58.2M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥0.4760 (bear case) to ¥0.9010 (bull case); at ¥5.65, 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 2% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -87%, 300506 screens richer 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
NCAV (Graham) ¥0.4800 ¥0.6500 ¥0.9700 50
All 1 models by family
Asset-Based
NCAV (Graham) ¥0.4800 ¥0.6500 ¥0.9700 50

Key figures & financial health

Revenue (TTM) 165M CNY
Revenue growth (YoY) -58.7%
Net margin -38.8%
Return on equity -8.8%
Free cash flow −94.1M CNY FY2025
Operating margin -307%
More key figures
EPS (TTM) ¥-0.0900
Net debt 58.2M CNY FY2023

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

Quality Score breakdown

Overall quality 32/100

Of which business quality 36 · Market factors (momentum, volatility) 70

Profitability 1
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 0
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

Shenzhen Minkave Technology Co., Ltd. engages in landscape lighting engineering business in China. It is involved in the design and construction of lighting projects; and research, development, production, and sales of related lighting products.

Full company description

Shenzhen Minkave Technology Co., Ltd. engages in landscape lighting engineering business in China. It is involved in the design and construction of lighting projects; and research, development, production, and sales of related lighting products. The company's lighting products include LED wall washers, LED point lights, LED linear lights, LED guardrail lights, floodlights, tree lights, corrugated lights, window sill lights, and other special artistic lighting fixtures. Its products are used in commercial lighting, municipal road lighting, landscape decorative lighting, and agricultural lighting, as well as for the construction of self-owned lighting projects. The company was formerly known as Shenzhen Minkave City Lighting Technology Co., Ltd. and changed its name to Shenzhen Minkave Technology Co., Ltd. Shenzhen Minkave Technology Co., Ltd. was founded in 2001 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Minkave Technology Co reported revenue of ¥180M in FY2025 versus ¥554M in FY2021, a compound −24.5%/yr. Reported net income was −¥67.6M in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
180M CNY
Latest YoY
+53.8%
Avg. growth/yr (3Y)
+13.5%
Avg. growth/yr (5Y)
−18.9%
Avg. growth/yr (14Y)
+3.1%
Revenue −24.5%/yr
FY21 ¥554M
FY22 ¥123M
FY23 ¥81.1M
FY24 ¥117M
FY25 ¥180M
Net income
FY21 −¥527M
FY22 −¥475M
FY23 −¥376M
FY24 −¥131M
FY25 −¥67.6M

300506 screens 87% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Shenzhen Minkave Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300506

Peer Group

Electrical Equipment & Parts · 528 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 36 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on assets -9% · Bottom 25%
Net margin (TTM) -39% · Bottom 25%
Revenue growth -59% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/B 0.75× · Cheaper than 75% of peers
P/S (TTM) 6.31× · Pricier 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 0 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 99 · sector 97
DIVIDEND 0 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Shenzhen Minkave Technology Co (300506) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥0.7225 versus a price of ¥5.65, about −87% (overvalued).
What is the fair value of 300506?
Our model-based fair value for Shenzhen Minkave Technology Co is ¥0.7225 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥5.65.
What is the quality score of 300506?
Shenzhen Minkave Technology Co has a Quality Score of 32/100. 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 Shenzhen Minkave Technology Co (300506)?
Shenzhen Minkave Technology Co reported trailing-twelve-month revenue of about 165M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300506?
The net profit margin of Shenzhen Minkave Technology Co is about -38.8%, 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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