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Goneo Group (603195) Fair Value & Analysis

Industrials · CN · Market cap 72.4B CNY

GG Goneo Group 603195 · SHG
Price¥40.78
Fair Value¥32.54
Upside-20.2%
Quality59/100
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Mixed Growth
Highly profitable · 25.7% net margin
Low debt · generates free cash flow
4.75% dividend yield
Ranks above peers (11/14)
Wide moat 84/100
Evidence: High Range ¥24.40 – ¥43.28 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 27 days ago

Share price +8.3% over the past month.

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

What matters now

  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥24.40 (bear) to ¥43.28 (bull), base ¥32.54. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥67.43 ¥34.70 Fair Value ¥32.54 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range ¥34.70 – ¥67.43 · fair‑value band ¥24.40 – ¥43.28 · the ¥40.78 price screens above the ¥32.54 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Goneo Group (603195) currently trades at ¥40.78, while our model-based Fair Value estimate is ¥32.54, implying the stock looks roughly 20.2% overvalued today. We read business quality at 59/100 (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, Goneo Group generated revenue of 16.2B CNY at a net margin of 25.7%. Revenue grew 3.5% year over year. It earns a return on equity of 24.0%. The balance sheet holds a net cash position of 4.7B CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥24.40 (bear case) to ¥43.28 (bull case); at ¥40.78, 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 15% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -20%, 603195 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 ¥31.22 ¥51.08 ¥83.70 80
Residual Income ¥13.67 ¥16.44 ¥46.17 76
Rev-Margin DCF ¥21.90 ¥33.62 ¥48.29 74
All 26 models by family
DCF Models
FCF DCF ¥31.20 ¥52.17 ¥87.14 38
Owner Earnings ¥28.74 ¥47.94 ¥79.95 31
5Y Revenue Exit ¥21.90 ¥33.60 ¥48.84 39
5Y EBITDA Exit ¥27.58 ¥44.95 ¥66.07 41
5Y P/E Exit ¥32.38 ¥54.54 ¥79.18 38
10Y Revenue Exit ¥24.34 ¥36.29 ¥53.29 36
10Y EBITDA Exit ¥28.57 ¥44.46 ¥67.29 37
10Y P/E Exit ¥31.71 ¥51.36 ¥77.93 35
Earnings-Based
Graham-Dodd ¥15.31 ¥63.32 ¥86.28 54
Lynch FV ¥15.97 ¥22.81 ¥29.65 50
PEG = 1.0 ¥15.97 ¥22.81 ¥29.65 46
EPV ¥21.57 ¥24.80 ¥27.63 59
Dividend Discount
Gordon GGM ¥15.79 ¥32.83 ¥52.08 70
DDM Multi-Stage ¥15.79 ¥27.68 ¥34.45 61
Multiples
P/E Multiple ¥33.77 ¥45.03 ¥56.29 63
P/S Multiple ¥16.62 ¥22.16 ¥27.70 58
P/B Multiple ¥20.91 ¥27.87 ¥34.84 55
EV/EBIT ¥35.73 ¥46.91 ¥58.09 53
EV/EBITDA ¥28.10 ¥36.74 ¥45.38 54
EV/Revenue ¥17.69 ¥24.34 ¥30.99 43
Asset-Based
NCAV (Graham) ¥4.65 ¥6.23 ¥9.29 50
Growth DCF
Growth DCF ¥31.22 ¥51.08 ¥83.70 80
Rev-Margin DCF ¥21.90 ¥33.62 ¥48.29 74
Economic Profit
Residual Income ¥13.67 ¥16.44 ¥46.17 76
ROIC Compounder ¥23.70 ¥30.16 ¥38.01 72
Growth Earnings
Growth-Adj P/E ¥26.66 ¥38.08 ¥49.51 68

Widest divergence: DCF Models (¥44.95) versus Asset-Based (¥6.23). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 16.2B CNY
Revenue growth (YoY) +3.5%
Net margin 25.7%
Return on equity 24.0%
Free cash flow 4.2B CNY FY2025
P/E ratio 17.3
More key figures
Operating margin 29.1%
EPS (TTM) ¥2.31
Dividend yield 4.8%
EPS growth (YoY) +9.3%
Net cash 4.7B CNY FY2024

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 63 · Market factors (momentum, volatility) 51

Profitability 78
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 0
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

Goneo Group Co., Ltd. provides electrical products. It offers safety sockets, decorative switches, safe charging stations, digital products, love eye lighting, smart no main light, power tools, smart security locks, home appliances, safety circuit breakers, computer room power distribution, and energy storage products.

Full company description

Goneo Group Co., Ltd. provides electrical products. It offers safety sockets, decorative switches, safe charging stations, digital products, love eye lighting, smart no main light, power tools, smart security locks, home appliances, safety circuit breakers, computer room power distribution, and energy storage products. The company was founded in 1995 and is based in Cixi, China. Goneo Group Co., Ltd. operates as a subsidiary of Ningbo Liangji Industrial Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Goneo Group reported revenue of ¥16.0B in FY2025 versus ¥12.4B in FY2021, a compound +6.7%/yr. Reported net income was ¥4.1B in FY2025, compounding +10.0%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
16.0B CNY
Latest YoY
−4.8%
Avg. growth/yr (3Y)
+4.4%
Avg. growth/yr (5Y)
+9.8%
Avg. growth/yr (10Y)
+13.6%
Revenue +6.7%/yr
FY21 ¥12.4B
FY22 ¥14.1B
FY23 ¥15.7B
FY24 ¥16.8B
FY25 ¥16.0B
Net income +10.0%/yr
FY21 ¥2.8B
FY22 ¥3.2B
FY23 ¥3.9B
FY24 ¥4.3B
FY25 ¥4.1B

603195 screens 20% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Goneo Group Fair Value". https://www.fairvalue-calculator.com/stock/603195

Peer Group

Electrical Equipment & Parts · 519 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 59 · Top 25%
Fair Value upside −20% · Above median
Return on equity (TTM) 24% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 17.3× · Cheaper than 75% of peers
P/B 4.31× · Pricier than median
P/S (TTM) 4.48× · Pricier than 75% of peers
P/FCF 2.5× · Cheaper than median
EV/EBITDA 14.7× · 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 6 · sector 0
FUTURE 18 · sector 57
PAST 96 · sector 27
HEALTH 99 · sector 97
DIVIDEND 95 · 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 Jul 11, 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 12.39 SGD 1.48 SGD -88%
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 Goneo Group (603195) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥32.54 versus a price of ¥40.78, about −20% (overvalued).
What is the fair value of 603195?
Our model-based fair value for Goneo Group is ¥32.54 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥40.78.
What is the quality score of 603195?
Goneo Group has a Quality Score of 59/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Goneo Group (603195)?
Goneo Group reported trailing-twelve-month revenue of about 16.2B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603195?
The net profit margin of Goneo Group is about 25.7%, meaning it keeps roughly 25.7% of revenue as net income. Based on the latest reported figures.
Does Goneo Group pay a dividend?
Goneo Group currently shows a dividend yield of about 4.75% relative to its recent price (as of Jul 11, 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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