Shenzhen Etmade Automatic Equipment (300812) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Shenzhen Etmade Automatic Equipment stock ¥5.73, price ¥15.18, upside -62.3%, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 27, 2026.
How to read this chart
60‑month range ¥12.68 – ¥48.20 · fair‑value band ¥4.34 – ¥7.41 · the ¥15.18 price screens above the ¥5.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 27, 2026.
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Shenzhen Etmade Automatic Equipment Co., Ltd. researches, develops, manufactures, and sells flat panel display and semiconductor equipment in China.
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It offers polarizing film bonding equipment, automated backlight assembly line, and fully automated vacuum bonding equipment; cleaning equipment; online degassing machines; and other devices. The company was founded in 2007 and is based in Shenzhen, China.
Stock analysis
Shenzhen Etmade Automatic Equipment (300812) currently trades at ¥15.18, while our model-based Fair Value estimate is ¥5.73, 62.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥7.09 per share, and 1 of the 26 models we run sit above the ¥15.18 price.
Bear case: the Earnings-Based group reads lowest at ¥1.13, and 25 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥4.34 (bear) to ¥7.41 (bull), the price of ¥15.18 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Shenzhen Etmade Automatic Equipment reported revenue of 629M CNY in FY2025 versus 484M CNY in FY2021, a compound +6.8%/yr. Reported net income was 18.7M CNY in FY2025, compounding −28.2%/yr from FY2021.
Key figures
Market cap 3.0B CNY (≈ $447M) Small · P/E ratio 706.8 · P/S ratio 21.0 · EPS (TTM) ¥−0.0200 · Dividend yield 0.2% · Net margin −0.5% · Return on equity −0.6% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 69% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −45% fair-value upside, at −62%, 300812 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.0800 to ¥17.32). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥4.34Fair Value ¥5.73Bull¥7.41
Price ¥15.18 · Upside -62.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF¥7.51¥11.67¥17.7679
Growth DCF¥7.39¥11.00¥15.9178
Owner Earnings¥3.36¥4.98¥7.3576
All 26 models by family
DCF Models
FCF DCF¥7.51¥11.67¥17.7679
Owner Earnings¥3.36¥4.98¥7.3576
5Y Revenue Exit¥4.76¥6.68¥9.1173
5Y EBITDA Exit¥5.31¥7.81¥10.8175
5Y P/E Exit¥4.22¥5.57¥6.9972
10Y Revenue Exit¥5.74¥7.80¥10.6567
10Y EBITDA Exit¥6.12¥8.52¥11.8969
10Y P/E Exit¥5.49¥7.09¥9.1165
Earnings-Based
Graham-Dodd¥0.6500¥2.99¥4.1164
Lynch FV¥0.7900¥1.13¥1.4661
PEG = 1.0¥0.7900¥1.13¥1.4657
EPV¥2.41¥2.63¥2.8074
Dividend Discount
Gordon GGM¥0.0500¥0.0900¥0.120068
DDM Multi-Stage¥0.0500¥0.0800¥0.090067
Multiples
P/E Multiple¥1.50¥2.00¥2.5063
P/S Multiple¥1.21¥1.62¥2.0258
P/B Multiple¥12.99¥17.32¥21.6555
EV/EBIT¥3.30¥4.39¥5.4766
EV/EBITDA¥3.54¥4.71¥5.8767
EV/Revenue¥2.37¥3.37¥4.3654
Asset-Based
NCAV (Graham)¥1.73¥2.62¥3.2755
Growth DCF
Growth DCF¥7.39¥11.00¥15.9178
Rev-Margin DCF¥4.76¥6.74¥9.3073
Economic Profit
Residual Income¥2.55¥2.32¥2.2576
ROIC Compounder¥2.41¥2.63¥2.8072
Growth Earnings
Growth-Adj P/E¥1.26¥1.80¥2.3467
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+60.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2020 (pandemic). Over 10 years: +13.2% a year
Revenue growth 10 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−28.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.2%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−28.2% vs −20.1%, slowing
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → −28%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +14.1% a year for the price.
Compare Shenzhen Etmade Automatic Equipment with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 809 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−62.3% · Below median
Profitability
Return on assets1.4% · Below median
Net margin (12 months)−0.5% · Bottom 25%
Operating margin (12 months)−3.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−15.4% · Bottom 25%
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)706.8× · Priciest 25%
P/B3.84× · Priciest 25%
P/S (12 months)5.00× · Priciest 25%
Price / free cash flow21.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 32
PAST (return on equity)0· sector 27
HEALTH (low debt)99· sector 95
DIVIDEND (yield)5· sector 28
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Shenzhen Etmade Automatic Equipment (300812) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of ¥5.73 versus a price of ¥15.18, about −62% upside (overvalued).
What is the fair value of 300812?
Our model-based fair value for Shenzhen Etmade Automatic Equipment is ¥5.73 (as of Oct 27, 2026), built from audited fundamentals. The current price: ¥15.18.
What is the quality score of 300812?
Shenzhen Etmade Automatic Equipment has a Quality Score of 62/100. 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 price target for Shenzhen Etmade Automatic Equipment (300812)?
Our model-based price target is the fair value of ¥5.73 (as of Oct 27, 2026) from 26 valuation models. Cautious scenario ¥4.34, optimistic scenario ¥7.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenzhen Etmade Automatic Equipment stock forecast for 2026?
Our models put fair value at ¥5.73, about −62% upside versus a price of ¥15.18 (overvalued). Cautious scenario ¥4.34, optimistic scenario ¥7.41. The calculation is refreshed regularly with new filings.
What is the revenue of Shenzhen Etmade Automatic Equipment (300812)?
Shenzhen Etmade Automatic Equipment reported trailing-twelve-month revenue of about 596M CNY (latest available figure, as of Oct 27, 2026).
Does Shenzhen Etmade Automatic Equipment pay a dividend?
Shenzhen Etmade Automatic Equipment currently shows a dividend yield of 0.24% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Shenzhen Etmade Automatic Equipment (300812)?
For today's price to be fair in a discounted-cash-flow model, Shenzhen Etmade Automatic Equipment would have to grow free cash flow by +16.0 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 300812 use?
Our models discount Shenzhen Etmade Automatic Equipment at 12.0 %: a base by market capitalisation (small), damped by beta 1.02, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Shenzhen Etmade Automatic Equipment that is +16.0 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Shenzhen Etmade Automatic Equipment (300812) delivered so far?
Over the past 5 years revenue at Shenzhen Etmade Automatic Equipment grew +7.9 % a year. The price currently implies +16.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shenzhen Etmade Automatic Equipment (300812) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Shenzhen Etmade Automatic Equipment (+16.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shenzhen Etmade Automatic Equipment (300812)?
The free-cash-flow yield on the price is 4.58 %: that much free cash flow Shenzhen Etmade Automatic Equipment produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shenzhen Etmade Automatic Equipment (300812)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenzhen Etmade Automatic Equipment it is ¥5.73 per share (as of Oct 27, 2026), against a price of ¥15.18. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Shenzhen Etmade Automatic Equipment stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 300812 trades above its calculated fair value: price ¥15.18, fair value ¥5.73, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 300812?
No. The price is what the market pays today (¥15.18); the fair value is what the company's own numbers justify (¥5.73). For Shenzhen Etmade Automatic Equipment the two are ¥9.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenzhen Etmade Automatic Equipment worth?
The market values Shenzhen Etmade Automatic Equipment at about 3.0B CNY (market capitalisation, as of Oct 27, 2026). Per share that is ¥15.18; our models calculate a fair value of ¥5.73 per share.
What do the bullish and bearish scenarios say about 300812?
Our models span a range for Shenzhen Etmade Automatic Equipment: cautious scenario ¥4.34, base ¥5.73, optimistic ¥7.41 per share (as of Oct 27, 2026, price ¥15.18). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shenzhen Etmade Automatic Equipment (300812)?
Balance-sheet figures for Shenzhen Etmade Automatic Equipment (as of Oct 27, 2026): return on equity −0.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 300812 from its 52-week high?
Shenzhen Etmade Automatic Equipment trades at ¥15.18, about 69% below its 52-week high of ¥48.20 and 1% above the low of ¥15.08 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.73 is for.
Which stocks are comparable to Shenzhen Etmade Automatic Equipment?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shenzhen Etmade Automatic Equipment stock attractive at the current price?
The data as of Oct 27, 2026: price ¥15.18, calculated fair value ¥5.73 (−62%), Quality Score 62/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 300812 calculated?
We run Shenzhen Etmade Automatic Equipment through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥5.73, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Shenzhen Etmade Automatic Equipment itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shenzhen Etmade Automatic Equipment (300812)?
The closing price on Oct 29, 2026 was ¥15.18. Our model-based fair value is ¥5.73, about −62% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenzhen Etmade Automatic Equipment right now?
The price sits above even our optimistic bull case (¥7.41). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Shenzhen Etmade Automatic Equipment
How large is the market capitalisation of Shenzhen Etmade Automatic Equipment (300812)?
The market capitalisation of Shenzhen Etmade Automatic Equipment is 3.0B CNY (≈ $447M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Shenzhen Etmade Automatic Equipment (300812)?
The price-to-earnings ratio of Shenzhen Etmade Automatic Equipment is 706.8 (as of Jun 17, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Shenzhen Etmade Automatic Equipment (300812)?
The price-to-sales ratio of Shenzhen Etmade Automatic Equipment is 21.0 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shenzhen Etmade Automatic Equipment (300812)?
Earnings per share at Shenzhen Etmade Automatic Equipment are ¥−0.0200 (price ÷ EPS = P/E 706.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenzhen Etmade Automatic Equipment (300812)?
The dividend yield of Shenzhen Etmade Automatic Equipment is 0.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shenzhen Etmade Automatic Equipment (300812)?
The net margin of Shenzhen Etmade Automatic Equipment is −0.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shenzhen Etmade Automatic Equipment (300812)?
The return on equity (ROE) of Shenzhen Etmade Automatic Equipment is −0.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shenzhen Etmade Automatic Equipment (300812)?
On an EBIT basis the return on assets of Shenzhen Etmade Automatic Equipment is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shenzhen Etmade Automatic Equipment (300812)?
The operating margin of Shenzhen Etmade Automatic Equipment is −3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenzhen Etmade Automatic Equipment (300812)?
Revenue at Shenzhen Etmade Automatic Equipment is growing −15.4% versus a year earlier (3y avg −1.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shenzhen Etmade Automatic Equipment (300812)?
Earnings per share at Shenzhen Etmade Automatic Equipment are growing −55.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Shenzhen Etmade Automatic Equipment (300812) hold?
Shenzhen Etmade Automatic Equipment holds more cash than debt, 10.8M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Some data
Oct 27, 2026