MCLON JEWELLERY Co.Ltd. (300945) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MCLON JEWELLERY Co.Ltd. stock ¥9.75, price ¥10.06, that is 3.1% below the price, quality 48 out of 100. Rating: fairly valued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥6.78 – ¥28.82 · fair‑value band ¥5.96 – ¥12.34 · the ¥10.06 price screens above the ¥9.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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MCLON JEWELLERY Co.,Ltd. offers jewelry retail in China and internationally. It provides jewelry, gold and silver accessories. The company sells its products through shopping mall and online sales. MCLON JEWELLERY Co.,Ltd. was incorporated in 2009 and is headquartered in Hangzhou, China.
Stock analysis
MCLON JEWELLERY Co.Ltd. (300945) currently trades at ¥10.06, while our model-based Fair Value estimate is ¥9.75, so the stock looks roughly fairly valued today (gap 3.2%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥12.74 per share, and 6 of the 17 models we run sit above the ¥10.06 price.
Bear case: the Dividend Discount group reads lowest at ¥2.90, and 11 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥5.96 (bear) to ¥12.34 (bull), the price of ¥10.06 sits inside 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MCLON JEWELLERY Co.Ltd. reported revenue of 2.7B CNY in FY2025 versus 1.3B CNY in FY2021, a compound +21.6%/yr. Reported net income was 115M CNY in FY2025, compounding +13.0%/yr from FY2021.
Key figures
Market cap 2.6B CNY (≈ $396M) Small · P/E ratio 21.9 · P/S ratio 1.22 · EPS (TTM) ¥0.4600 · Dividend yield 1.7% · Net margin 5.5% · Return on equity 7.0% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at −3%, 300945 screens richer than that median.
Fair Value models
Bear¥5.96Fair Value ¥9.75Bull¥12.34
Price ¥10.06 · Downside -3.1%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.2479 per share) are deliberately not added.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.
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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.2%
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.
+19.4%
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.
+27.6%
Start year 2020 (pandemic)
Revenue growth 6 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.
+20.5%
’19
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’21
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’25
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.
+2.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.0%
Dividend (yield on the price)1.7%
Profit margin 2020 to 2025 ⓘ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.10% → 6%
Compare MCLON JEWELLERY Co.Ltd. with another stock
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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.Luxury Goods · 121 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−3.1% · Above median
Profitability
Return on equity (12 months)7.0% · Below median
Return on assets5.9% · Above median
Net margin (12 months)5.5% · Below median
Operating margin (12 months)4.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−55.4% · Bottom 25%
Dividend yield (12 months)1.7% · Below median
Valuation Multiplesvs Luxury Goods median · lower = cheaper
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Is MCLON JEWELLERY Co.Ltd. (300945) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥9.75 versus a price of ¥10.06, about 3% lower (fairly valued).
What is the fair value of 300945?
Our model-based fair value for MCLON JEWELLERY Co.Ltd. is ¥9.75 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥10.06.
What is the quality score of 300945?
MCLON JEWELLERY Co.Ltd. has a Quality Score of 48/100. 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 MCLON JEWELLERY Co.Ltd. (300945)?
Our model-based price target is the fair value of ¥9.75 (as of Nov 8, 2026) from 17 valuation models. Cautious scenario ¥5.96, optimistic scenario ¥12.34. It is a calculation from audited fundamentals, not an analyst target.
What is the MCLON JEWELLERY Co.Ltd. stock forecast for 2026?
Our models put fair value at ¥9.75, about 3% lower versus a price of ¥10.06 (fairly valued). Cautious scenario ¥5.96, optimistic scenario ¥12.34. The calculation is refreshed regularly with new filings.
What is the revenue of MCLON JEWELLERY Co.Ltd. (300945)?
MCLON JEWELLERY Co.Ltd. reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Nov 8, 2026).
Does MCLON JEWELLERY Co.Ltd. pay a dividend?
MCLON JEWELLERY Co.Ltd. currently shows a dividend yield of 1.69% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of MCLON JEWELLERY Co.Ltd. (300945) and when is the ex-dividend date?
MCLON JEWELLERY Co.Ltd. pays a dividend of ¥0.17 per share a year, a dividend yield of 1.7%. The last ex-dividend date was Sep 22, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 37.0% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of MCLON JEWELLERY Co.Ltd. (300945)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MCLON JEWELLERY Co.Ltd. it is ¥9.75 per share (as of Nov 8, 2026), against a price of ¥10.06. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is MCLON JEWELLERY Co.Ltd. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 300945 trades above its calculated fair value: price ¥10.06, fair value ¥9.75, a gap of about −3% (fairly valued). 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 300945?
No. The price is what the market pays today (¥10.06); the fair value is what the company's own numbers justify (¥9.75). For MCLON JEWELLERY Co.Ltd. the two are ¥0.3100 per share apart. That gap is exactly why we show both numbers side by side.
How much is MCLON JEWELLERY Co.Ltd. worth?
The market values MCLON JEWELLERY Co.Ltd. at about 2.6B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥10.06; our models calculate a fair value of ¥9.75 per share.
What do the bullish and bearish scenarios say about 300945?
Our models span a range for MCLON JEWELLERY Co.Ltd.: cautious scenario ¥5.96, base ¥9.75, optimistic ¥12.34 per share (as of Nov 8, 2026, price ¥10.06). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300945?
MCLON JEWELLERY Co.Ltd. trades at a price-to-earnings ratio of 21.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥9.75 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 46.2. Other multiples: P/B 1.6, P/S 1.2, EV/EBITDA 15.1.
How solid is the balance sheet of MCLON JEWELLERY Co.Ltd. (300945)?
Balance-sheet figures for MCLON JEWELLERY Co.Ltd. (as of Nov 8, 2026): return on equity 7.0%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 300945 from its 52-week high?
MCLON JEWELLERY Co.Ltd. trades at ¥10.06, about 59% below its 52-week high of ¥24.47 and 6% above the low of ¥9.47 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥9.75 is for.
Which stocks are comparable to MCLON JEWELLERY Co.Ltd.?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Titan Company, Tapestry, Inc, 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 MCLON JEWELLERY Co.Ltd. stock attractive at the current price?
The data as of Nov 8, 2026: price ¥10.06, calculated fair value ¥9.75 (−3%), Quality Score 48/100, from 17 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 300945 calculated?
We run MCLON JEWELLERY Co.Ltd. through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥9.75 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. MCLON JEWELLERY Co.Ltd. 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 MCLON JEWELLERY Co.Ltd. (300945)?
The closing price on Nov 6, 2026 was ¥10.06. Our model-based fair value is ¥9.75, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MCLON JEWELLERY Co.Ltd. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (¥5.96 to ¥12.34) leaves room in how you read the outcome.
Key figures of MCLON JEWELLERY Co.Ltd.
How large is the market capitalisation of MCLON JEWELLERY Co.Ltd. (300945)?
The market capitalisation of MCLON JEWELLERY Co.Ltd. is 2.6B CNY (≈ $396M). 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/S ratio of MCLON JEWELLERY Co.Ltd. (300945)?
The price-to-sales ratio of MCLON JEWELLERY Co.Ltd. is 1.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MCLON JEWELLERY Co.Ltd. (300945)?
Earnings per share at MCLON JEWELLERY Co.Ltd. are ¥0.4600 (price ÷ EPS = P/E 21.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MCLON JEWELLERY Co.Ltd. (300945)?
The dividend yield of MCLON JEWELLERY Co.Ltd. is 1.7% (payout 37.0%). 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 MCLON JEWELLERY Co.Ltd. (300945)?
The net margin of MCLON JEWELLERY Co.Ltd. is 5.5% (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 MCLON JEWELLERY Co.Ltd. (300945)?
The return on equity (ROE) of MCLON JEWELLERY Co.Ltd. is 7.0% (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 MCLON JEWELLERY Co.Ltd. (300945)?
On an EBIT basis the return on assets of MCLON JEWELLERY Co.Ltd. is 7.4% (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 MCLON JEWELLERY Co.Ltd. (300945)?
The operating margin of MCLON JEWELLERY Co.Ltd. is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MCLON JEWELLERY Co.Ltd. (300945)?
Revenue at MCLON JEWELLERY Co.Ltd. is growing −55.4% versus a year earlier (3y avg +19.4%). 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 MCLON JEWELLERY Co.Ltd. (300945)?
Earnings per share at MCLON JEWELLERY Co.Ltd. are growing −30.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MCLON JEWELLERY Co.Ltd. (300945) generate?
The free cash flow of MCLON JEWELLERY Co.Ltd. is −59.5M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Broad data
Nov 8, 2026