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Xiamen Guang Pu Electronics Co Ltd (300632) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 8.8B CNY

XG Xiamen Guang Pu Electronics Co Ltd 300632 · SHE
Price¥18.05
Fair Value¥3.82
Upside-78.8%
Quality47/100
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Weak Growth
Loss-making · -4.0% net margin
Low debt · negative free cash flow
Trails peers (2/11)
Narrow moat 16/100
Evidence: Low Range ¥3.40 – ¥4.24 Share as image

Fair value as of: Aug 19, 2026

From 3 valuation models · updated today

Share price +16.4% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥4.24). 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 (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥42.24 ¥6.99 Fair Value ¥3.82 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ¥6.99 – ¥42.24 · fair‑value band ¥3.40 – ¥4.24 · the ¥18.05 price screens above the ¥3.82 fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Xiamen Guang Pu Electronics Co Ltd (300632) currently trades at ¥18.05, while our model-based Fair Value estimate is ¥3.82, implying the stock looks roughly 78.8% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical 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, Xiamen Guang Pu Electronics Co Ltd generated revenue of 789M CNY at a net margin of -4.0%. Revenue declined 7.9% year over year. It earns a return on equity of -1.9%. The balance sheet holds a net cash position of 653M CNY. Fundamentals as of Aug 19, 2026

Our scenario range runs from ¥3.40 (bear case) to ¥4.24 (bull case); at ¥18.05, 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 57% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at -79%, 300632 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 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
EV/EBITDA ¥3.48 ¥3.90 ¥4.32 54
NCAV (Graham) ¥2.83 ¥3.80 ¥5.67 50
Owner Earnings ¥2.27 ¥2.30 ¥2.35 31
All 3 models by family
DCF Models
Owner Earnings ¥2.27 ¥2.30 ¥2.35 31
Multiples
EV/EBITDA ¥3.48 ¥3.90 ¥4.32 54
Asset-Based
NCAV (Graham) ¥2.83 ¥3.80 ¥5.67 50

Widest divergence: Multiples (¥3.90) versus DCF Models (¥2.30). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 789M CNY
Revenue growth (YoY) -7.9%
Net margin -4.0%
Return on equity -1.9%
Free cash flow −29.3M CNY FY2025
Operating margin 0.8%
More key figures
EPS (TTM) ¥-0.1000
EPS growth (YoY) -95.6%
Net cash 653M CNY FY2024

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 38

Profitability 13
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 83
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

Xiamen Guang Pu Electronics Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of LED lighting and key components in China and internationally.

Full company description

Xiamen Guang Pu Electronics Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of LED lighting and key components in China and internationally. The company offers LED lighting products, such as flat panel and bracket lamps, high bay, flood lights, backlit panels, flush mounts, fan and shop lights, exhaust fans, 3D cloudy skylight, atmosphere lamp, and vanity and linear lights for use in healthy campus, plant/livestock growth, physical disinfection light health business, and artificial intelligence green energy managed system applications. It also provides AI smart sensor solutions; energy storage integration, EV chargers, new energy materials, and charging piles; and solar PV products, including balcony and rooftop PV systems, BIPV, C&I distributed PV, environmental-friendly gas-insulated ring main units, high-voltage and low-voltage PV grid-connection cabinets, intelligent prefabricated substations, and PV inverters. In addition, the company engages in trading and investing services. Xiamen Guang Pu Electronics Co., Ltd. was founded in 1994 and is headquartered in Xiamen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xiamen Guang Pu Electronics Co Ltd reported revenue of ¥805M in FY2025 versus ¥1.0B in FY2021, a compound −5.6%/yr. Reported net income was −¥12.7M in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
805M CNY
Latest YoY
+0.3%
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.
−0.9%
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.
−3.5%
Avg. growth/yr (14Y) 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.
+8.7%
Revenue −5.6%/yr
FY21 ¥1.0B
FY22 ¥826M
FY23 ¥894M
FY24 ¥802M
FY25 ¥805M
Net income
FY21 ¥80.6M
FY22 ¥52.5M
FY23 ¥89.3M
FY24 ¥52.2M
FY25 −¥12.7M
Character of growth · EPS growth decomposed (2013-2024) +4.0 % p.a.
Revenue per share +8.5 pp

of which total revenue +15.4 pp · buybacks/dilution −6.9 pp

EBIT margin −1.3 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −3.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

300632 screens 79% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Xiamen Guang Pu Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300632

Peer Group

Furnishings, Fixtures & Appliances · 319 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 47 · Below median
Fair Value upside −79% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -8% · Below median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/B 0.76× · Cheaper than median
P/S (TTM) 1.66× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 19
FUTURE0 · sector 0
PAST0 · sector 19
HEALTH99 · sector 98
DIVIDEND9 · sector 56

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥84.34 ¥99.66 +18%
Gree Electric Appliances, Inc 000651 ¥40.23 ¥86.91 +116%
Haier Smart Home Co 600690 ¥21.79 ¥36.04 +65%
King Slide Works Co 2059 12,500 TWD 1,917 TWD -85%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 -78%
Hisense Home Appliances Group 000921 ¥27.69 ¥50.62 +83%
Ecovacs Robotics Co 603486 ¥57.74 ¥54.14 -6%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 97,200 KRW 103,928 KRW +7%
Voltas Limited VOLTAS ₹1,290 ₹152.27 -88%

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Frequently asked questions

Is Xiamen Guang Pu Electronics Co Ltd (300632) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ¥3.82 versus a price of ¥18.05, about −79% (overvalued).
What is the fair value of 300632?
Our model-based fair value for Xiamen Guang Pu Electronics Co Ltd is ¥3.82 (as of Aug 19, 2026), built from audited fundamentals. The current price: ¥18.05.
What is the quality score of 300632?
Xiamen Guang Pu Electronics Co Ltd has a Quality Score of 47/100. 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 Xiamen Guang Pu Electronics Co Ltd (300632)?
Xiamen Guang Pu Electronics Co Ltd reported trailing-twelve-month revenue of about 789M CNY (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 300632?
The net profit margin of Xiamen Guang Pu Electronics Co Ltd is about -4.0%, 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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