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Zhejiang Yankon Group (600261) Fair Value & Analysis

Industrials · CN · Market cap 4.1B CNY

ZY Zhejiang Yankon Group 600261 · SHG
Price¥3.02
Fair Value¥3.19
Upside+5.6%
Quality67/100
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Mixed Growth
Thin margins · 5.2% net margin
Low debt · generates free cash flow
4.28% dividend yield
Ranks above peers (10/14)
Narrow moat 32/100
Evidence: High Range ¥2.40 – ¥3.99 Share as image

Fair value as of: Aug 7, 2026

From 26 valuation models · updated 3 days ago

Share price +2.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥2.40 (bear) to ¥3.99 (bull), base ¥3.19. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥4.57 ¥2.38 Fair Value ¥3.19 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range ¥2.38 – ¥4.57 · fair‑value band ¥2.40 – ¥3.99 · the ¥3.02 price screens below the ¥3.19 fair value. Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Zhejiang Yankon Group (600261) currently trades at ¥3.02, while our model-based Fair Value estimate is ¥3.19, implying the stock looks roughly 5.6% fairly valued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Zhejiang Yankon Group generated revenue of 2.6B CNY at a net margin of 5.2%. Revenue declined 4.0% year over year. It earns a return on equity of 3.8%. The balance sheet holds a net cash position of 2.1B CNY. Fundamentals as of Aug 7, 2026

Our scenario range runs from ¥2.40 (bear case) to ¥3.99 (bull case); at ¥3.02, the current price sits within 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 29% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 6%, 600261 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 ¥3.54 ¥4.31 ¥5.33 80
Residual Income ¥2.06 ¥2.12 ¥2.11 76
Rev-Margin DCF ¥3.42 ¥4.36 ¥5.42 74
All 26 models by family
DCF Models
FCF DCF ¥3.51 ¥4.36 ¥5.56 38
Owner Earnings ¥4.02 ¥5.11 ¥6.65 31
5Y Revenue Exit ¥3.42 ¥4.35 ¥5.52 39
5Y EBITDA Exit ¥3.90 ¥5.23 ¥6.75 41
5Y P/E Exit ¥3.70 ¥4.86 ¥6.06 38
10Y Revenue Exit ¥3.38 ¥4.22 ¥5.30 36
10Y EBITDA Exit ¥3.73 ¥4.81 ¥6.20 37
10Y P/E Exit ¥3.61 ¥4.57 ¥5.69 35
Earnings-Based
Graham-Dodd ¥1.03 ¥2.83 ¥3.71 54
Lynch FV ¥0.5600 ¥0.8000 ¥1.04 50
PEG = 1.0 ¥0.5600 ¥0.8000 ¥1.04 46
EPV ¥3.07 ¥3.29 ¥3.48 59
Dividend Discount
Gordon GGM ¥1.21 ¥2.41 ¥3.65 70
DDM Multi-Stage ¥1.21 ¥1.86 ¥2.53 61
Multiples
P/E Multiple ¥2.40 ¥3.19 ¥3.99 63
P/S Multiple ¥1.94 ¥2.59 ¥3.23 58
P/B Multiple ¥1.94 ¥2.59 ¥3.23 55
EV/EBIT ¥4.17 ¥4.99 ¥5.82 53
EV/EBITDA ¥4.45 ¥5.37 ¥6.29 54
EV/Revenue ¥3.46 ¥4.22 ¥4.97 43
Asset-Based
NCAV (Graham) ¥1.32 ¥1.77 ¥2.64 50
Growth DCF
Growth DCF ¥3.54 ¥4.31 ¥5.33 80
Rev-Margin DCF ¥3.42 ¥4.36 ¥5.42 74
Economic Profit
Residual Income ¥2.06 ¥2.12 ¥2.11 76
ROIC Compounder ¥3.14 ¥3.48 ¥3.87 72
Growth Earnings
Growth-Adj P/E ¥1.90 ¥2.71 ¥3.52 68

Widest divergence: DCF Models (¥4.57) versus Earnings-Based (¥0.8000). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.6B CNY
Revenue growth (YoY) -4.0%
Net margin 5.2%
Return on equity 3.8%
Free cash flow 231M CNY FY2024
P/E ratio 29.0
More key figures
Operating margin 6.6%
EPS (TTM) ¥0.1100
Dividend yield 4.2%
EPS growth (YoY) -75.0%
Net cash 2.1B CNY FY2024

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 67 · Market factors (momentum, volatility) 36

Profitability 36
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 81
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

Zhejiang Yankon Group Co., Ltd. engages in the research and development, production, and sales of lighting appliances in China.

Full company description

Zhejiang Yankon Group Co., Ltd. engages in the research and development, production, and sales of lighting appliances in China. Its products include LED lighting products and lighting control systems, covering commercial lighting, home lighting, office lighting, outdoor lighting, track lighting, industrial lighting, educational lighting, and other general lighting, as well as emergency lighting, plant lighting, electrical appliances, etc. The company manufactures IoT equipment, optoelectronic devices, and lighting fixtures; and CFL lighting products; and sells artificial intelligence hardware, as well as provides engineering design and installation of lighting systems; artificial intelligence application software development; IoT application services; and technology research and development, consulting services, warehousing, logistics, and distribution of raw materials and finished products. The company was founded in 1975 and is based in Shaoxing, China.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Zhejiang Yankon Group reported revenue of ¥3.2B in FY2024 versus ¥4.8B in FY2020, a compound −9.9%/yr. Reported net income was ¥203M in FY2024, compounding −19.5%/yr from FY2020.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
3.2B CNY
Latest YoY
+3.3%
Avg. growth/yr (3Y)
−9.4%
Avg. growth/yr (5Y)
−9.8%
Avg. growth/yr (27Y)
+12.3%
Revenue −9.9%/yr
FY20 ¥4.8B
FY21 ¥4.3B
FY22 ¥3.7B
FY23 ¥3.1B
FY24 ¥3.2B
Net income −19.5%/yr
FY20 ¥485M
FY21 ¥316M
FY22 ¥184M
FY23 ¥215M
FY24 ¥203M

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Cite: Fair Value Calculator (2026). "Zhejiang Yankon Group Fair Value". https://www.fairvalue-calculator.com/stock/600261

Peer Group

Electrical Equipment & Parts · 528 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 67 · Top 25%
Fair Value upside +6% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 4.3% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 27.7× · Cheaper than median
P/B 1.16× · Cheaper than median
P/S (TTM) 1.54× · Cheaper than median
P/FCF 2.6× · Cheaper than median
EV/EBITDA 10.9× · Cheaper than median

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 41 · sector 0
FUTURE 0 · sector 57
PAST 15 · sector 26
HEALTH 100 · sector 97
DIVIDEND 86 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Zhejiang Yankon Group (600261) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of ¥3.19 versus a price of ¥3.02, about +6% (fairly valued).
What is the fair value of 600261?
Our model-based fair value for Zhejiang Yankon Group is ¥3.19 (as of Aug 7, 2026), built from audited fundamentals. The current price is ¥3.02.
What is the quality score of 600261?
Zhejiang Yankon Group has a Quality Score of 67/100. 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 Zhejiang Yankon Group (600261)?
Zhejiang Yankon Group reported trailing-twelve-month revenue of about 2.6B CNY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of 600261?
The net profit margin of Zhejiang Yankon Group is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Yankon Group pay a dividend?
Zhejiang Yankon Group currently shows a dividend yield of about 4.17% relative to its recent price (as of Aug 7, 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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