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Gem-Year Industrial Co (601002) Fair Value & Analysis

Industrials · CN · Market cap 5.1B CNY

GY Gem-Year Industrial Co 601002 · SHG
Price¥5.35
Fair Value¥4.28
Upside-20.0%
Quality69/100
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Weak Growth
Solidly profitable · 11.1% net margin
Low debt · generates free cash flow
1.48% dividend yield
Mixed vs. peers (8/14)
Moderate moat 50/100
Evidence: High Range ¥3.14 – ¥5.91 Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥4.52 to ¥4.28 (−5.3%) since Jul 11, 2026. Share price +23.3% over the past month.

A solid business, but screening 20% overvalued on our models.

What matters now

  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥3.14 to ¥5.91) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥6.68 ¥2.77 Fair Value ¥4.28 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 ¥2.77 – ¥6.68 · fair‑value band ¥3.14 – ¥5.91 · the ¥5.35 price screens above the ¥4.28 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Gem-Year Industrial Co (601002) currently trades at ¥5.35, while our model-based Fair Value estimate is ¥4.28, implying the stock looks roughly 20.0% overvalued today. The Quality Score stands at 69/100 (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, Gem-Year Industrial Co generated revenue of 2.3B CNY at a net margin of 11.1%. Revenue declined 4.9% year over year. It earns a return on equity of 6.0%. The balance sheet holds a net cash position of 184M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥3.14 (bear case) to ¥5.91 (bull case); at ¥5.35, 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 21% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -20%, 601002 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 ¥2.96 ¥3.90 ¥5.50 80
Residual Income ¥3.49 ¥3.56 ¥3.47 76
Rev-Margin DCF ¥2.62 ¥3.80 ¥5.27 74
All 24 models by family
DCF Models
FCF DCF ¥2.85 ¥3.82 ¥5.62 38
Owner Earnings ¥3.13 ¥4.20 ¥6.18 31
5Y Revenue Exit ¥2.62 ¥3.74 ¥5.38 39
5Y EBITDA Exit ¥3.47 ¥5.19 ¥7.50 41
5Y P/E Exit ¥3.24 ¥4.80 ¥6.68 38
10Y Revenue Exit ¥2.63 ¥3.51 ¥4.47 36
10Y EBITDA Exit ¥3.20 ¥4.41 ¥5.74 37
10Y P/E Exit ¥3.06 ¥4.17 ¥5.25 35
Earnings-Based
Graham-Dodd ¥1.73 ¥2.41 ¥2.81 54
EPV ¥2.37 ¥2.74 ¥3.05 59
Dividend Discount
Gordon GGM ¥0.8800 ¥0.9700 ¥1.09 70
DDM Multi-Stage ¥0.8800 ¥1.11 ¥1.42 61
Multiples
P/E Multiple ¥4.00 ¥5.33 ¥6.66 63
P/S Multiple ¥3.24 ¥4.31 ¥5.39 58
P/B Multiple ¥3.24 ¥4.31 ¥5.39 55
EV/EBIT ¥3.74 ¥4.96 ¥6.18 53
EV/EBITDA ¥4.51 ¥5.99 ¥7.47 54
EV/Revenue ¥2.69 ¥3.81 ¥4.93 43
Asset-Based
NCAV (Graham) ¥2.27 ¥3.04 ¥4.54 50
Growth DCF
Growth DCF ¥2.96 ¥3.90 ¥5.50 80
Rev-Margin DCF ¥2.62 ¥3.80 ¥5.27 74
Economic Profit
Residual Income ¥3.49 ¥3.56 ¥3.47 76
ROIC Compounder ¥2.37 ¥2.74 ¥3.05 72
Growth Earnings
Growth-Adj P/E ¥2.82 ¥4.03 ¥5.24 68

Widest divergence: Multiples (¥4.31) versus Dividend Discount (¥0.9700). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.3B CNY
Revenue growth (YoY) -4.9%
Net margin 11.1%
Return on equity 6.0%
Free cash flow 283M CNY FY2025
P/E ratio 18.7
More key figures
Operating margin 20.2%
EPS (TTM) ¥0.2600
Dividend yield 1.7%
EPS growth (YoY) +25.0%
Net cash 184M CNY FY2025

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 43

Profitability 33
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 73
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

Gem-Year Industrial Co.,Ltd. engages in the research, development, production, and sale of fasteners and hardware tools in China, the United States, Japan, Europe, and internationally. The company offers fastener products, including general fasteners, as well as power, steel structure, home appliance, furniture, gypsum board, and car series.

Full company description

Gem-Year Industrial Co.,Ltd. engages in the research, development, production, and sale of fasteners and hardware tools in China, the United States, Japan, Europe, and internationally. The company offers fastener products, including general fasteners, as well as power, steel structure, home appliance, furniture, gypsum board, and car series. It also provides hardware tools, such as toolboxes, tool carts, and tool bags; sleeves and accessories; wrenches; electronic repair, mechanical elevator maintenance, and auto repair kits; and plier tools. In addition, the company offers bolts, nuts, screws, precision wires, and non-standard specialty fasteners; and tungsten carbide molds, railway fasteners, automated warehousing equipment, and rails. Further, it engages in warehousing and logistics; trading and distribution; and investment activities. The company's products are used in automobiles, high-speed rail, aviation, power, engineering machinery, bridges, construction, energy, and nuclear power applications. Gem-Year Industrial Co.,Ltd. was incorporated in 1995 and is headquartered in Jiaxing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gem-Year Industrial Co reported revenue of ¥2.3B in FY2025 versus ¥2.9B in FY2021, a compound −5.0%/yr. Reported net income was ¥242M in FY2025, compounding +3.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.3B CNY
Latest YoY
−1.4%
Avg. growth/yr (3Y)
−4.9%
Avg. growth/yr (5Y)
−1.5%
Avg. growth/yr (22Y)
+4.8%
Revenue −5.0%/yr
FY21 ¥2.9B
FY22 ¥2.7B
FY23 ¥2.3B
FY24 ¥2.4B
FY25 ¥2.3B
Net income +3.0%/yr
FY21 ¥215M
FY22 ¥115M
FY23 −¥19.3M
FY24 ¥130M
FY25 ¥242M

601002 screens 20% overvalued. Compare with Techtronic Industries Company →

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Cite: Fair Value Calculator (2026). "Gem-Year Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/601002

Peer Group

Tools & Accessories · 120 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 69 · Top 25%
Fair Value upside −20% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 3% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 20.6× · Cheaper than median
P/B 1.18× · Cheaper than median
P/S (TTM) 2.21× · Pricier than median
P/FCF 2.7× · Pricier than median
EV/EBITDA 11.5× · 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 7 · sector 3
FUTURE 0 · sector 14
PAST 24 · sector 28
HEALTH 94 · sector 96
DIVIDEND 30 · sector 36

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$129.60 HK$81.05 -37%
Snap-on Incorporated SNA $410.99 $350.46 -15%
RBC Bearings Incorporated RBC $595.49 $184.29 -69%
Lincoln Electric Holdings LECO $252.58 $154.80 -39%
Stanley Black & Decker, Inc SWK $88.22 $54.24 -39%
AB SKF (publ) SKFB kr 258.90 kr 192.57 -26%
The Timken Company TKR $139.47 $66.33 -52%
The Toro Company TTC $94.42 $69.71 -26%
SFS Group SFSN CHF 140.00 CHF 118.30 -16%
Hangzhou Greatstar Industrial Co 002444 ¥29.33 ¥35.72 +22%

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Frequently asked questions

Is Gem-Year Industrial Co (601002) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥4.28 versus a price of ¥5.35, about −20% (overvalued).
What is the fair value of 601002?
Our model-based fair value for Gem-Year Industrial Co is ¥4.28 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥5.35.
What is the quality score of 601002?
Gem-Year Industrial Co has a Quality Score of 69/100. 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 Gem-Year Industrial Co (601002)?
Gem-Year Industrial Co reported trailing-twelve-month revenue of about 2.3B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 601002?
The net profit margin of Gem-Year Industrial Co is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does Gem-Year Industrial Co pay a dividend?
Gem-Year Industrial Co currently shows a dividend yield of about 1.66% 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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