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Qingmu Tec Co (301110) Fair Value & Analysis

Industrials · CN · Market cap 5.2B CNY

QT Qingmu Tec Co 301110 · SHE
Price¥37.62
Fair Value¥19.95
Upside-47.0%
Quality70/100
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Expensive Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
1.43% dividend yield
Mixed vs. peers (7/14)
Moderate moat 49/100
Evidence: High Range ¥12.17 – ¥24.61 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price −2.7% over the past month.

A solid business, but screening 47% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), 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 (¥24.61). The favourable scenario is already priced in.
  • A fairly wide model range (¥12.17 to ¥24.61) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

¥70.06 ¥11.22 Fair Value ¥19.95 Mar 2022 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

53‑month range ¥11.22 – ¥70.06 · fair‑value band ¥12.17 – ¥24.61 · the ¥37.62 price screens above the ¥19.95 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Qingmu Tec Co (301110) currently trades at ¥37.62, while our model-based Fair Value estimate is ¥19.95, implying the stock looks roughly 47.0% overvalued today. The Quality Score stands at 70/100 (solid 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, Qingmu Tec Co generated revenue of 1.5B CNY at a net margin of 10.5%. Revenue grew 25.1% year over year. It earns a return on equity of 10.1%. The stock trades on a trailing P/E of 33.6. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥12.17 (bear case) to ¥24.61 (bull case); at ¥37.62, 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 50% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -47%, 301110 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥7.39 ¥9.98 ¥14.69 80
Residual Income ¥9.56 ¥10.22 ¥11.44 76
Rev-Margin DCF ¥11.75 ¥19.99 ¥32.25 74
All 24 models by family
DCF Models
FCF DCF ¥7.53 ¥9.50 ¥14.91 38
Owner Earnings ¥10.96 ¥18.61 ¥33.98 31
5Y Revenue Exit ¥11.75 ¥19.41 ¥34.04 39
5Y EBITDA Exit ¥13.67 ¥23.60 ¥41.27 41
5Y P/E Exit ¥15.68 ¥29.83 ¥48.22 38
10Y Revenue Exit ¥10.08 ¥18.19 ¥29.08 36
10Y EBITDA Exit ¥11.73 ¥21.70 ¥40.44 37
10Y P/E Exit ¥13.10 ¥25.36 ¥46.95 35
Earnings-Based
Graham-Dodd ¥6.46 ¥44.41 ¥62.28 54
Lynch FV ¥13.07 ¥18.67 ¥24.27 50
PEG = 1.0 ¥13.07 ¥18.67 ¥24.27 46
EPV ¥11.35 ¥12.43 ¥13.35 59
Multiples
P/E Multiple ¥14.96 ¥19.95 ¥24.93 63
P/S Multiple ¥12.11 ¥16.15 ¥20.18 58
P/B Multiple ¥12.11 ¥16.15 ¥20.18 55
EV/EBIT ¥16.62 ¥20.65 ¥24.67 53
EV/EBITDA ¥16.59 ¥20.60 ¥24.61 54
EV/Revenue ¥13.17 ¥16.86 ¥20.55 43
Asset-Based
NCAV (Graham) ¥5.80 ¥7.77 ¥11.60 50
Growth DCF
Growth DCF ¥7.39 ¥9.98 ¥14.69 80
Rev-Margin DCF ¥11.75 ¥19.99 ¥32.25 74
Economic Profit
Residual Income ¥9.56 ¥10.22 ¥11.44 76
ROIC Compounder ¥11.35 ¥13.61 ¥16.04 72
Growth Earnings
Growth-Adj P/E ¥17.98 ¥25.68 ¥33.38 68

Widest divergence: Growth Earnings (¥25.68) versus Asset-Based (¥7.77). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) +25.1%
Net margin 10.5%
Return on equity 10.1%
Free cash flow 26.2M CNY FY2025
P/E ratio 33.6
More key figures
Operating margin 11.6%
EPS (TTM) ¥1.19
Dividend yield 1.4%
EPS growth (YoY) +311%

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 29

Profitability 52
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 100
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

Qingmu Tec Co., Ltd. provides brand retail solutions. It offers online store operation, digital marketing, omni-value-chain consumer operation, brand incubator, and warehousing and logistics solutions. The company also provides technology solutions comprising official brand website, omni-channel system, and DTMiller consumer operation platform.

Full company description

Qingmu Tec Co., Ltd. provides brand retail solutions. It offers online store operation, digital marketing, omni-value-chain consumer operation, brand incubator, and warehousing and logistics solutions. The company also provides technology solutions comprising official brand website, omni-channel system, and DTMiller consumer operation platform. It serves fashion and FMCG sectors. The company was formerly known as Qingmu Digital Technology Co.,Ltd. and changed its name to Qingmu Tec Co., Ltd. in July 2024. The company was founded in 2009 and is based in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Qingmu Tec Co reported revenue of ¥1.4B in FY2025 versus ¥880M in FY2021, a compound +12.6%/yr. Reported net income was ¥123M in FY2025, compounding −4.5%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.4B CNY
Latest YoY
+22.7%
Avg. growth/yr (3Y)
+18.7%
Avg. growth/yr (5Y)
+16.9%
Avg. growth/yr (6Y)
+25.6%
Revenue +12.6%/yr
FY21 ¥880M
FY22 ¥847M
FY23 ¥967M
FY24 ¥1.2B
FY25 ¥1.4B
Net income −4.5%/yr
FY21 ¥148M
FY22 ¥65.9M
FY23 ¥52.1M
FY24 ¥90.5M
FY25 ¥123M

301110 screens 47% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Qingmu Tec Co Fair Value". https://www.fairvalue-calculator.com/stock/301110

Peer Group

Specialty Business Services · 255 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 70 · Top 25%
Fair Value upside −47% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 25% · Top 25%
Dividend yield (TTM) 1.4% · Below median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 33.6× · Pricier than median
P/B 3.45× · Pricier than 75% of peers
P/S (TTM) 3.50× · Pricier than 75% of peers
P/FCF 29.4× · Pricier than 75% of peers
EV/EBITDA 29.2× · 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 24
FUTURE 100 · sector 25
PAST 40 · sector 33
HEALTH 100 · sector 92
DIVIDEND 29 · sector 54

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Qingmu Tec Co (301110) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥19.95 versus a price of ¥37.62, about −47% (overvalued).
What is the fair value of 301110?
Our model-based fair value for Qingmu Tec Co is ¥19.95 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥37.62.
What is the quality score of 301110?
Qingmu Tec Co has a Quality Score of 70/100. 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 Qingmu Tec Co (301110)?
Qingmu Tec Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301110?
The net profit margin of Qingmu Tec Co is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does Qingmu Tec Co pay a dividend?
Qingmu Tec Co currently shows a dividend yield of about 1.43% 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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