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Zhengzhou Jiean Hi-Tech Co (300845) Fair Value & Analysis

Technology · CN · Market cap 2.7B CNY

ZJ Zhengzhou Jiean Hi-Tech Co 300845 · SHE
Price¥11.05
Fair Value¥3.92
Upside-64.5%
Quality59/100
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Mixed Growth
Solidly profitable · 12.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 35/100
Evidence: High Range ¥2.94 – ¥4.90 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥4.42 to ¥3.92 (−11.3%) since Jun 24, 2026. Share price −7.5% over the past month.

A solid business, but screening 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥4.90). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥16.33 ¥4.34 Fair Value ¥3.92 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 ¥4.34 – ¥16.33 · fair‑value band ¥2.94 – ¥4.90 · the ¥11.05 price screens above the ¥3.92 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Zhengzhou Jiean Hi-Tech Co (300845) currently trades at ¥11.05, while our model-based Fair Value estimate is ¥3.92, implying the stock looks roughly 64.5% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Technology 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: high).

Over the trailing twelve months, Zhengzhou Jiean Hi-Tech Co generated revenue of 387M CNY at a net margin of 12.8%. Revenue grew 27.5% year over year. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 282M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥2.94 (bear case) to ¥4.90 (bull case); at ¥11.05, 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 34% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -65%, 300845 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
Growth DCF ¥2.51 ¥3.50 ¥5.16 80
Residual Income ¥3.05 ¥3.05 ¥2.83 76
Rev-Margin DCF ¥3.09 ¥4.75 ¥6.97 74
All 24 models by family
DCF Models
FCF DCF ¥2.53 ¥3.67 ¥5.66 38
Owner Earnings ¥4.26 ¥6.91 ¥11.57 31
5Y Revenue Exit ¥3.09 ¥4.82 ¥7.27 39
5Y EBITDA Exit ¥3.64 ¥5.99 ¥9.07 41
5Y P/E Exit ¥3.51 ¥5.71 ¥8.33 38
10Y Revenue Exit ¥2.82 ¥4.39 ¥6.99 36
10Y EBITDA Exit ¥3.25 ¥5.25 ¥8.51 37
10Y P/E Exit ¥3.16 ¥5.04 ¥7.89 35
Earnings-Based
Graham-Dodd ¥1.33 ¥6.97 ¥9.65 54
Lynch FV ¥1.91 ¥2.73 ¥3.55 50
PEG = 1.0 ¥1.91 ¥2.73 ¥3.55 46
EPV ¥3.11 ¥3.40 ¥3.66 59
Multiples
P/E Multiple ¥2.94 ¥3.92 ¥4.90 63
P/S Multiple ¥2.50 ¥3.33 ¥4.16 58
P/B Multiple ¥2.50 ¥3.33 ¥4.16 55
EV/EBIT ¥4.39 ¥5.45 ¥6.50 53
EV/EBITDA ¥4.38 ¥5.43 ¥6.48 54
EV/Revenue ¥3.36 ¥4.28 ¥5.19 43
Asset-Based
NCAV (Graham) ¥2.03 ¥2.72 ¥4.06 50
Growth DCF
Growth DCF ¥2.51 ¥3.50 ¥5.16 80
Rev-Margin DCF ¥3.09 ¥4.75 ¥6.97 74
Economic Profit
Residual Income ¥3.05 ¥3.05 ¥2.83 76
ROIC Compounder ¥3.11 ¥3.40 ¥3.66 72
Growth Earnings
Growth-Adj P/E ¥2.78 ¥3.97 ¥5.16 68

Widest divergence: DCF Models (¥5.04) versus Asset-Based (¥2.72). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 387M CNY
Revenue growth (YoY) +27.5%
Net margin 12.8%
Return on equity 6.4%
Free cash flow 20.8M CNY FY2025
P/E ratio 73.2
More key figures
Operating margin -1.8%
EPS (TTM) ¥0.1800
EPS growth (YoY) -84.0%
Net cash 282M CNY FY2024

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 45

Profitability 32
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 72
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

Zhengzhou Jiean Hi-Tech Co.,Ltd. engages in the research, development, and technical services of computer simulation training systems in rail transit, emergency safety, aviation, navigation, and other fields in China. It focuses on system simulation, virtual reality, and augmented reality technology in the field of virtual simulation education and training.

Full company description

Zhengzhou Jiean Hi-Tech Co.,Ltd. engages in the research, development, and technical services of computer simulation training systems in rail transit, emergency safety, aviation, navigation, and other fields in China. It focuses on system simulation, virtual reality, and augmented reality technology in the field of virtual simulation education and training. The company was incorporated in 2002 and is based in Zhengzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhengzhou Jiean Hi-Tech Co reported revenue of ¥359M in FY2025 versus ¥268M in FY2021, a compound +7.6%/yr. Reported net income was ¥40.3M in FY2025, compounding +3.1%/yr from FY2021.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
359M CNY
Latest YoY
−6.4%
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.
+6.0%
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.
+4.7%
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.
+22.9%
Revenue +7.6%/yr
FY21 ¥268M
FY22 ¥301M
FY23 ¥356M
FY24 ¥384M
FY25 ¥359M
Net income +3.1%/yr
FY21 ¥35.7M
FY22 ¥44.8M
FY23 ¥50.3M
FY24 ¥54.9M
FY25 ¥40.3M
Character of growth · EPS growth decomposed (2013-2024) +0.3 % p.a.
Revenue per share +4.9 pp

of which total revenue +21.6 pp · buybacks/dilution −16.6 pp

EBIT margin −1.7 pp
Tax rate +0.9 pp
Residual (interest, one-offs) −3.9 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).

300845 screens 65% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Zhengzhou Jiean Hi-Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/300845

Peer Group

Software - Application · 709 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 59 · Above median
Fair Value upside −65% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) -2% · Below median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 73.2× · Pricier than 75% of peers
P/B 3.24× · Pricier than median
P/S (TTM) 7.00× · Pricier than 75% of peers
P/FCF 19.3× · Pricier than median
EV/EBITDA 43.5× · 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 100 · sector 38
PAST 25 · sector 13
HEALTH 99 · sector 98
DIVIDEND 0 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

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Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Zhengzhou Jiean Hi-Tech Co (300845) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥3.92 versus a price of ¥11.05, about −65% (overvalued).
What is the fair value of 300845?
Our model-based fair value for Zhengzhou Jiean Hi-Tech Co is ¥3.92 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥11.05.
What is the quality score of 300845?
Zhengzhou Jiean Hi-Tech Co has a Quality Score of 59/100. 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 Zhengzhou Jiean Hi-Tech Co (300845)?
Zhengzhou Jiean Hi-Tech Co reported trailing-twelve-month revenue of about 387M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300845?
The net profit margin of Zhengzhou Jiean Hi-Tech Co is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. 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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