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Guangdong Mingzhu Group (600382) Fair Value & Analysis

Technology · CN · Market cap 4.4B CNY

GM Guangdong Mingzhu Group 600382 · SHG
Price¥6.38
Fair Value¥4.60
Upside-27.9%
Quality62/100
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Weak Growth
Solidly profitable · 18.9% net margin
Low debt · generates free cash flow
6.51% dividend yield
Ranks above peers (12/14)
Moderate moat 63/100
Evidence: High Range ¥2.92 – ¥5.92 Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated 2 days ago

Share price +2.7% over the past month.

A solid business, but screening 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.92). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥2.92 to ¥5.92) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥10.14 ¥2.69 Fair Value ¥4.60 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥2.69 – ¥10.14 · fair‑value band ¥2.92 – ¥5.92 · the ¥6.38 price screens above the ¥4.60 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Guangdong Mingzhu Group (600382) currently trades at ¥6.38, while our model-based Fair Value estimate is ¥4.60, implying the stock looks roughly 27.9% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Technology 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, Guangdong Mingzhu Group generated revenue of 998M CNY at a net margin of 18.9%. Revenue grew 17.0% year over year. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 388M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥2.92 (bear case) to ¥5.92 (bull case); at ¥6.38, 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 38% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -28%, 600382 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 ¥1.24 ¥1.75 ¥2.60 80
Residual Income ¥3.44 ¥3.52 ¥3.50 76
Rev-Margin DCF ¥1.98 ¥3.28 ¥5.02 74
All 24 models by family
DCF Models
FCF DCF ¥1.25 ¥1.83 ¥2.84 38
Owner Earnings ¥1.38 ¥2.07 ¥3.27 31
5Y Revenue Exit ¥1.98 ¥3.35 ¥5.29 39
5Y EBITDA Exit ¥5.52 ¥10.86 ¥17.87 41
5Y P/E Exit ¥3.41 ¥6.40 ¥9.95 38
10Y Revenue Exit ¥1.66 ¥2.87 ¥4.88 36
10Y EBITDA Exit ¥4.05 ¥8.35 ¥15.46 37
10Y P/E Exit ¥2.66 ¥5.09 ¥8.80 35
Earnings-Based
Graham-Dodd ¥1.80 ¥9.21 ¥12.73 54
Lynch FV ¥2.51 ¥3.58 ¥4.66 50
PEG = 1.0 ¥2.51 ¥3.58 ¥4.66 46
EPV ¥6.28 ¥7.18 ¥7.96 59
Multiples
P/E Multiple ¥4.18 ¥5.57 ¥6.96 63
P/S Multiple ¥2.10 ¥2.79 ¥3.49 58
P/B Multiple ¥3.38 ¥4.51 ¥5.64 55
EV/EBIT ¥9.47 ¥12.43 ¥15.40 53
EV/EBITDA ¥8.10 ¥10.61 ¥13.13 54
EV/Revenue ¥2.33 ¥3.09 ¥3.84 43
Asset-Based
NCAV (Graham) ¥2.22 ¥2.97 ¥4.43 50
Growth DCF
Growth DCF ¥1.24 ¥1.75 ¥2.60 80
Rev-Margin DCF ¥1.98 ¥3.28 ¥5.02 74
Economic Profit
Residual Income ¥3.44 ¥3.52 ¥3.50 76
ROIC Compounder ¥7.02 ¥9.35 ¥12.49 72
Growth Earnings
Growth-Adj P/E ¥3.79 ¥5.41 ¥7.03 68

Widest divergence: Growth Earnings (¥5.41) versus Growth DCF (¥1.75). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 998M CNY
Revenue growth (YoY) +17.0%
Net margin 18.9%
Return on equity 6.4%
Free cash flow 37.3M CNY FY2025
P/E ratio 28.4
More key figures
Operating margin 45.7%
EPS (TTM) ¥0.2900
Dividend yield 5.1%
EPS growth (YoY) +12.5%
Net cash 388M CNY FY2024

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 34

Profitability 39
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 50
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

Guangdong Mingzhu Group Co.,Ltd engages in trading and activities in China. It is also involved in real estate development and sales, industrial investment, and equipment and property leasing activities. The company was founded in 1994 and is based in Xingning, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangdong Mingzhu Group reported revenue of ¥970M in FY2025 versus ¥1.7B in FY2021, a compound −13.6%/yr. Reported net income was ¥184M in FY2025, compounding −33.2%/yr from FY2021.

Growth Quality 31/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
970M CNY
Latest YoY
+125.7%
Avg. growth/yr (3Y)
+1.2%
Avg. growth/yr (5Y)
−9.6%
Avg. growth/yr (28Y)
+8.3%
Revenue −13.6%/yr
FY21 ¥1.7B
FY22 ¥935M
FY23 ¥682M
FY24 ¥430M
FY25 ¥970M
Net income −33.2%/yr
FY21 ¥927M
FY22 ¥296M
FY23 ¥154M
FY24 ¥5.5M
FY25 ¥184M

600382 screens 28% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Guangdong Mingzhu Group Fair Value". https://www.fairvalue-calculator.com/stock/600382

Peer Group

Electronic Components · 626 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 62 · Above median
Fair Value upside −28% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 47% · Top 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 6.5% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 21.9× · Cheaper than median
P/B 1.43× · Cheaper than median
P/S (TTM) 4.41× · Pricier than 75% of peers
P/FCF 17.5× · Pricier than 75% of peers
EV/EBITDA 9.9× · 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 0 · sector 0
FUTURE 85 · sector 32
PAST 26 · sector 24
HEALTH 99 · sector 95
DIVIDEND 100 · 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.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Guangdong Mingzhu Group (600382) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥4.60 versus a price of ¥6.38, about −28% (overvalued).
What is the fair value of 600382?
Our model-based fair value for Guangdong Mingzhu Group is ¥4.60 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥6.38.
What is the quality score of 600382?
Guangdong Mingzhu Group has a Quality Score of 62/100. 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 Guangdong Mingzhu Group (600382)?
Guangdong Mingzhu Group reported trailing-twelve-month revenue of about 998M CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600382?
The net profit margin of Guangdong Mingzhu Group is about 18.9%, meaning it keeps roughly 18.9% of revenue as net income. Based on the latest reported figures.
Does Guangdong Mingzhu Group pay a dividend?
Guangdong Mingzhu Group currently shows a dividend yield of about 5.07% relative to its recent price (as of Aug 8, 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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