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Dongguan Tarry Electronics Co (300976) Fair Value & Analysis

Industrials · CN · Market cap 16.4B CNY

DT Dongguan Tarry Electronics Co 300976 · SHE
Price¥56.62
Fair Value¥26.91
Upside-52.5%
Quality48/100
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Mixed Growth
Thin margins · 8.9% net margin
Low debt · generates free cash flow
0.63% dividend yield
Mixed vs. peers (6/14)
Moderate moat 47/100
Evidence: High Range ¥15.50 – ¥33.64 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price −21.1% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥33.64). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥15.50 to ¥33.64) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥94.20 ¥14.44 Fair Value ¥26.91 Apr 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 ¥14.44 – ¥94.20 · fair‑value band ¥15.50 – ¥33.64 · the ¥56.62 price screens above the ¥26.91 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Dongguan Tarry Electronics Co (300976) currently trades at ¥56.62, while our model-based Fair Value estimate is ¥26.91, implying the stock looks roughly 52.5% overvalued today. The Quality Score stands at 48/100 (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: high).

Over the trailing twelve months, Dongguan Tarry Electronics Co generated revenue of 3.3B CNY at a net margin of 8.9%. Revenue grew 21.7% year over year. It earns a return on equity of 8.3%. The balance sheet holds a net cash position of 735M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥15.50 (bear case) to ¥33.64 (bull case); at ¥56.62, 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 37% below its 52-week high and 70% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -52%, 300976 screens cheaper 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
Growth DCF ¥7.06 ¥11.08 ¥17.67 80
Residual Income ¥15.93 ¥17.03 ¥19.08 76
Rev-Margin DCF ¥19.21 ¥36.39 ¥71.04 74
All 24 models by family
DCF Models
FCF DCF ¥7.32 ¥9.81 ¥17.73 38
Owner Earnings ¥16.47 ¥33.68 ¥69.81 31
5Y Revenue Exit ¥17.94 ¥32.24 ¥62.44 39
5Y EBITDA Exit ¥21.42 ¥39.26 ¥74.40 41
5Y P/E Exit ¥22.10 ¥50.69 ¥90.51 38
10Y Revenue Exit ¥14.38 ¥35.79 ¥51.83 36
10Y EBITDA Exit ¥17.69 ¥43.26 ¥90.27 37
10Y P/E Exit ¥18.19 ¥44.73 ¥90.36 35
Earnings-Based
Graham-Dodd ¥10.25 ¥71.50 ¥100.34 54
Lynch FV ¥32.79 ¥46.85 ¥60.90 50
PEG = 1.0 ¥32.79 ¥46.85 ¥60.90 46
EPV ¥18.87 ¥21.52 ¥23.83 59
Multiples
P/E Multiple ¥23.75 ¥31.66 ¥39.58 63
P/S Multiple ¥19.22 ¥25.63 ¥32.04 58
P/B Multiple ¥19.22 ¥25.63 ¥32.04 55
EV/EBIT ¥26.84 ¥34.79 ¥42.74 53
EV/EBITDA ¥25.82 ¥33.43 ¥41.05 54
EV/Revenue ¥20.01 ¥27.30 ¥34.60 43
Asset-Based
NCAV (Graham) ¥9.60 ¥12.86 ¥19.20 50
Growth DCF
Growth DCF ¥7.06 ¥11.08 ¥17.67 80
Rev-Margin DCF ¥19.21 ¥36.39 ¥71.04 74
Economic Profit
Residual Income ¥15.93 ¥17.03 ¥19.08 76
ROIC Compounder ¥18.87 ¥25.28 ¥32.18 72
Growth Earnings
Growth-Adj P/E ¥43.89 ¥62.70 ¥81.51 68

Widest divergence: Growth Earnings (¥62.70) versus Growth DCF (¥11.08). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.3B CNY
Revenue growth (YoY) +21.7%
Net margin 8.9%
Return on equity 8.3%
Free cash flow 48.3M CNY FY2025
P/E ratio 54.5
More key figures
Operating margin 13.2%
EPS (TTM) ¥1.61
Dividend yield 0.6%
EPS growth (YoY) +25.6%
Net cash 735M CNY FY2024

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 64

Profitability 41
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 22
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 71
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

Dongguan Tarry Electronics Co.,Ltd. Engages in the research, development, production and sales of power battery components; and related 3C and semiconductor intelligent assembly automation equipment in China and internationally.

Full company description

Dongguan Tarry Electronics Co.,Ltd. Engages in the research, development, production and sales of power battery components; and related 3C and semiconductor intelligent assembly automation equipment in China and internationally. The company offers FPC modules, Mobile phone screen modules, tablet module, In-vehicle display modules, energy storage battery, industrial power supply, photovoltaic inverter, headphone module, and others; earphones box, headwear, earmuffs, VR box and face mask, speaker cover, tablet stand, mobile phone battery cover, braided watch strap; and hard copper busbar, extruded copper busbar, shielding cover, hard aluminum bar, upset aluminum bar, soft copper busbar, three-phase side cover, car door locks, plastic-coated copper busbar, headlight radiator, automotive step lights, automotive flexible and rigid welded copper busbar, plastic-coated copper wire, automotive noise reduction covers, and power cover. It also provides precision tray mounting machine, multifunctional mounting platform, fully automatic pressure holding machine, fully automatic loading and unloading machine, fully automatic screw machine, fully automatic PCB separator, mobile phone case auxiliary material bonding machine, sheet welding machine, lens film applicator, fully automatic placement machine, new energy automatic bonding equipment, PSA appearance inspection machine, FPC steel sheet reinforcement, film-coated pressure maintaining line, and BGA film-coated line. In addition, the company offers soft solder die bonding, and dual-track solder die binder. The company was founded in 2003 and is headquartered in Dongguan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dongguan Tarry Electronics Co reported revenue of ¥3.2B in FY2025 versus ¥1.2B in FY2021, a compound +27.3%/yr. Reported net income was ¥282M in FY2025, compounding +6.2%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.2B CNY
Latest YoY
+24.2%
Avg. growth/yr (3Y)
+29.5%
Avg. growth/yr (5Y)
+27.1%
Avg. growth/yr (12Y)
+34.1%
Revenue +27.3%/yr
FY21 ¥1.2B
FY22 ¥1.5B
FY23 ¥1.4B
FY24 ¥2.6B
FY25 ¥3.2B
Net income +6.2%/yr
FY21 ¥222M
FY22 ¥200M
FY23 ¥73.4M
FY24 ¥242M
FY25 ¥282M

300976 screens 52% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Dongguan Tarry Electronics Co Fair Value". https://www.fairvalue-calculator.com/stock/300976

Peer Group

Metal Fabrication · 243 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 48 · Below median
Fair Value upside −53% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 22% · Top 25%
Dividend yield (TTM) 0.6% · Below median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 54.5× · Pricier than 75% of peers
P/B 4.57× · Pricier than 75% of peers
P/S (TTM) 4.93× · Pricier than 75% of peers
P/FCF 50.5× · Pricier than 75% of peers
EV/EBITDA 34.9× · 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 35
PAST 33 · sector 21
HEALTH 100 · sector 95
DIVIDEND 13 · sector 25

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.

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Frequently asked questions

Is Dongguan Tarry Electronics Co (300976) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥26.91 versus a price of ¥56.62, about −52% (overvalued).
What is the fair value of 300976?
Our model-based fair value for Dongguan Tarry Electronics Co is ¥26.91 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥56.62.
What is the quality score of 300976?
Dongguan Tarry Electronics Co 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 revenue of Dongguan Tarry Electronics Co (300976)?
Dongguan Tarry Electronics Co reported trailing-twelve-month revenue of about 3.3B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300976?
The net profit margin of Dongguan Tarry Electronics Co is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.
Does Dongguan Tarry Electronics Co pay a dividend?
Dongguan Tarry Electronics Co currently shows a dividend yield of about 0.63% relative to its recent price (as of Jul 9, 2026).

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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