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Mingyue Optical Lens Co (301101) Fair Value & Analysis

Healthcare · CN · Market cap 6.0B CNY

MO Mingyue Optical Lens Co 301101 · SHE
Price¥29.53
Fair Value¥21.06
Upside-28.7%
Quality74/100
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Healthy Growth
Highly profitable · 23.4% net margin
generates free cash flow
1.65% dividend yield
Ranks above peers (8/13)
Wide moat 69/100
Evidence: High Range ¥15.46 – ¥25.80 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price +4.5% over the past month.

A solid business, but screening 29% overvalued on our models.

What matters now

  • A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥25.80). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥62.06 ¥18.39 Fair Value ¥21.06 Dec 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

56‑month range ¥18.39 – ¥62.06 · fair‑value band ¥15.46 – ¥25.80 · the ¥29.53 price screens above the ¥21.06 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Mingyue Optical Lens Co (301101) currently trades at ¥29.53, while our model-based Fair Value estimate is ¥21.06, implying the stock looks roughly 28.7% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Healthcare 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, Mingyue Optical Lens Co generated revenue of 864M CNY at a net margin of 23.4%. Revenue grew 18.3% year over year. It earns a return on equity of 11.7%. The stock trades on a trailing P/E of 29.7. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥15.46 (bear case) to ¥25.80 (bull case); at ¥29.53, 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 45% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -29%, 301101 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
Residual Income ¥7.76 ¥8.73 ¥14.56 76
Growth DCF ¥14.06 ¥19.24 ¥26.54 72
Growth-Adj P/E ¥13.57 ¥19.39 ¥25.21 68
All 24 models by family
DCF Models
FCF DCF ¥13.98 ¥20.00 ¥29.15 38
Owner Earnings ¥11.66 ¥16.33 ¥23.41 31
5Y Revenue Exit ¥12.68 ¥18.10 ¥25.07 39
5Y EBITDA Exit ¥15.11 ¥22.75 ¥31.83 41
5Y P/E Exit ¥16.48 ¥25.39 ¥34.97 38
10Y Revenue Exit ¥12.80 ¥17.85 ¥24.79 36
10Y EBITDA Exit ¥14.58 ¥21.05 ¥29.96 37
10Y P/E Exit ¥15.45 ¥22.87 ¥32.36 35
Earnings-Based
Graham-Dodd ¥6.51 ¥22.90 ¥30.80 54
Lynch FV ¥5.35 ¥7.64 ¥9.93 50
PEG = 1.0 ¥5.35 ¥7.64 ¥9.93 46
EPV ¥11.16 ¥12.34 ¥13.36 59
Multiples
P/E Multiple ¥15.80 ¥21.06 ¥26.33 63
P/S Multiple ¥10.78 ¥14.37 ¥17.97 58
P/B Multiple ¥12.21 ¥16.28 ¥20.34 55
EV/EBIT ¥16.95 ¥21.38 ¥25.80 53
EV/EBITDA ¥17.11 ¥21.59 ¥26.07 54
EV/Revenue ¥12.31 ¥16.01 ¥19.70 43
Asset-Based
NCAV (Graham) ¥4.37 ¥5.86 ¥8.75 50
Growth DCF
Growth DCF ¥14.06 ¥19.24 ¥26.54 72
Rev-Margin DCF ¥12.68 ¥18.10 ¥24.55 67
Economic Profit
Residual Income ¥7.76 ¥8.73 ¥14.56 76
ROIC Compounder ¥11.70 ¥13.90 ¥16.57 67
Growth Earnings
Growth-Adj P/E ¥13.57 ¥19.39 ¥25.21 68

Widest divergence: DCF Models (¥20.00) versus Asset-Based (¥5.86). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 864M CNY
Revenue growth (YoY) +18.3%
Net margin 23.4%
Return on equity 11.7%
Free cash flow 186M CNY FY2025
P/E ratio 29.7
More key figures
Operating margin 25.3%
EPS (TTM) ¥1.01
Dividend yield 1.7%
EPS growth (YoY) +19.1%

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

Quality Score breakdown

Overall quality 74/100

Of which business quality 73 · Market factors (momentum, volatility) 29

Profitability 54
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 82
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

Mingyue Optical Lens Co.,Ltd. engages in the research and development, design, and production of lenses, lens raw materials, finished mirrors, frames, and other products in China and internationally.

Full company description

Mingyue Optical Lens Co.,Ltd. engages in the research and development, design, and production of lenses, lens raw materials, finished mirrors, frames, and other products in China and internationally. The company offers high refractive index, dual blue light protection, PMC super bright, KR super tough, polarized, intelligent color changing, and progressive multifocus lenses; and customized functional products, such as juvenile myopia management, KR super toughness, smart color change, progressive multifocal, anti-fatigue, high degree of high astigmatism, postoperative protection, outdoor polarized myopia sunglasses, and other product series. It also engages in wholesale and retail trade; and technology promotion and application service industry. Mingyue Optical Lens Co.,Ltd. was founded in 2002 and is based in Danyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mingyue Optical Lens Co reported revenue of ¥828M in FY2025 versus ¥576M in FY2021, a compound +9.5%/yr. Reported net income was ¥193M in FY2025, compounding +23.8%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
828M CNY
Latest YoY
+7.4%
Avg. growth/yr (3Y)
+9.9%
Avg. growth/yr (5Y)
+8.9%
Avg. growth/yr (6Y)
+7.0%
Revenue +9.5%/yr
FY21 ¥576M
FY22 ¥623M
FY23 ¥749M
FY24 ¥770M
FY25 ¥828M
Net income +23.8%/yr
FY21 ¥82.1M
FY22 ¥136M
FY23 ¥158M
FY24 ¥177M
FY25 ¥193M

301101 screens 29% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Mingyue Optical Lens Co Fair Value". https://www.fairvalue-calculator.com/stock/301101

Peer Group

Medical Instruments & Supplies · 203 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 74 · Top 25%
Fair Value upside −29% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Above median
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 18% · Top 25%
Dividend yield (TTM) 1.7% · Above median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 29.7× · Pricier than median
P/B 3.43× · Pricier than 75% of peers
P/S (TTM) 6.99× · Pricier than 75% of peers
P/FCF 4.8× · Pricier than median
EV/EBITDA 21.1× · 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 92 · sector 27
PAST 47 · sector 25
HEALTH 0 · sector 96
DIVIDEND 33 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Mingyue Optical Lens Co (301101) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥21.06 versus a price of ¥29.53, about −29% (overvalued).
What is the fair value of 301101?
Our model-based fair value for Mingyue Optical Lens Co is ¥21.06 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥29.53.
What is the quality score of 301101?
Mingyue Optical Lens Co has a Quality Score of 74/100. 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 Mingyue Optical Lens Co (301101)?
Mingyue Optical Lens Co reported trailing-twelve-month revenue of about 864M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301101?
The net profit margin of Mingyue Optical Lens Co is about 23.4%, meaning it keeps roughly 23.4% of revenue as net income. Based on the latest reported figures.
Does Mingyue Optical Lens Co pay a dividend?
Mingyue Optical Lens Co currently shows a dividend yield of about 1.65% 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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