Zhejiang Lianxiang Smart Home (603272) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Zhejiang Lianxiang Smart Home stock ¥1.43, price ¥12.02, upside -88.1%, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
Zhejiang Lianxiang Smart Home Co., LTD engages in the research and development, production, and sales of embroidery embroidered wallpaper in China. It offers embroidery, jacquard, printed wallpaper, digital printing wall coverings; and collar embroidered curtains under the LEADSHOW brand name.
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The company was founded in 2004 and is based in Jiaxing, China.
Stock analysis
Zhejiang Lianxiang Smart Home (603272) currently trades at ¥12.02, while our model-based Fair Value estimate is ¥1.43, 88.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥2.01 per share, and 0 of the 15 models we run sit above the ¥12.02 price.
Bear case: the Dividend Discount group reads lowest at ¥0.7700, and 15 of the 15 models stay below the price. Data coverage for this calculation is low.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Zhejiang Lianxiang Smart Home reported revenue of 142M CNY in FY2025 versus 279M CNY in FY2021, a compound −15.6%/yr. Reported net income was −11.4M CNY in FY2025.
Key figures
Market cap 1.2B CNY (≈ $187M) Micro · P/S ratio 13.4 · EPS (TTM) ¥−0.2400 · Dividend yield 0.7% · Net margin −20.5% · Return on equity −4.6% · Return on assets (EBIT) 4.5% · Operating margin −26.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (medium confidence).
What moves the price
The share trades about 74% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −88%, 603272 screens richer than that median.
Fair Value models
Bear¥1.43Fair Value ¥1.43Bull¥1.43
Price ¥12.02 · Upside -88.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−34.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.0%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.6%
’18
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’21
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’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
26.7% (2020) → 0.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+60.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +57.8% a year for the price.
Compare Zhejiang Lianxiang Smart Home with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Building Products & Equipment · 258 stocks
Beats the industry median on 0/10 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−88.1% · Bottom 25%
Profitability
Return on assets−1.7% · Bottom 25%
Net margin (12 months)−20.5% · Bottom 25%
Operating margin (12 months)−26.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−15.9% · Bottom 25%
Dividend yield (12 months)0.7% · Bottom 25%
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/B2.29× · Pricier than median
P/S (12 months)10.72× · Priciest 25%
Price / free cash flow199.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 10
FUTURE (revenue growth)0· sector 19
PAST (return on equity)0· sector 23
HEALTH (low debt)0· sector 95
DIVIDEND (yield)13· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zhejiang Lianxiang Smart Home Fair Value". https://www.fairvalue-calculator.com/stock/603272
Frequently asked questions
Is Zhejiang Lianxiang Smart Home (603272) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of ¥1.43 versus a price of ¥12.02, about −88% upside (overvalued).
What is the fair value of 603272?
Our model-based fair value for Zhejiang Lianxiang Smart Home is ¥1.43 (as of Oct 25, 2026), built from audited fundamentals. The current price: ¥12.02.
What is the quality score of 603272?
Zhejiang Lianxiang Smart Home has a Quality Score of 40/100. 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 price target for Zhejiang Lianxiang Smart Home (603272)?
Our model-based price target is the fair value of ¥1.43 (as of Oct 25, 2026) from 15 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Lianxiang Smart Home stock forecast for 2026?
Our models put fair value at ¥1.43, about −88% upside versus a price of ¥12.02 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Lianxiang Smart Home (603272)?
Zhejiang Lianxiang Smart Home reported trailing-twelve-month revenue of about 116M CNY (latest available figure, as of Oct 25, 2026).
Does Zhejiang Lianxiang Smart Home pay a dividend?
Zhejiang Lianxiang Smart Home currently shows a dividend yield of 0.66% relative to its recent price (as of Oct 25, 2026).
What growth is priced into Zhejiang Lianxiang Smart Home (603272)?
For today's price to be fair in a discounted-cash-flow model, Zhejiang Lianxiang Smart Home would have to grow free cash flow by +60.5 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.1 % per year. As of Oct 25, 2026.
What discount rate (WACC) does the fair value of 603272 use?
Our models discount Zhejiang Lianxiang Smart Home at 11.9 %: a base by market capitalisation (micro), damped by beta 0.41, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zhejiang Lianxiang Smart Home that is +60.5 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Zhejiang Lianxiang Smart Home (603272) delivered so far?
Over the past 5 years revenue at Zhejiang Lianxiang Smart Home grew -11.1 % a year. The price currently implies +60.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zhejiang Lianxiang Smart Home (603272) growing?
The median revenue growth in the sector is +7.6 % a year. That is the yardstick for the growth priced into Zhejiang Lianxiang Smart Home (+60.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhejiang Lianxiang Smart Home (603272)?
The free-cash-flow yield on the price is 0.50 %: that much free cash flow Zhejiang Lianxiang Smart Home produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhejiang Lianxiang Smart Home (603272)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Lianxiang Smart Home it is ¥1.43 per share (as of Oct 25, 2026), against a price of ¥12.02. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Lianxiang Smart Home stock overvalued or undervalued in 2026?
As of Oct 25, 2026, 603272 trades above its calculated fair value: price ¥12.02, fair value ¥1.43, a gap of about −88% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603272?
No. The price is what the market pays today (¥12.02); the fair value is what the company's own numbers justify (¥1.43). For Zhejiang Lianxiang Smart Home the two are ¥10.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Lianxiang Smart Home worth?
The market values Zhejiang Lianxiang Smart Home at about 1.2B CNY (market capitalisation, as of Oct 25, 2026). Per share that is ¥12.02; our models calculate a fair value of ¥1.43 per share.
How solid is the balance sheet of Zhejiang Lianxiang Smart Home (603272)?
Balance-sheet figures for Zhejiang Lianxiang Smart Home (as of Oct 25, 2026): return on equity −4.6%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 603272 from its 52-week high?
Zhejiang Lianxiang Smart Home trades at ¥12.02, about 74% below its 52-week high of ¥46.01 and at the low of ¥12.02 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.43 is for.
Which stocks are comparable to Zhejiang Lianxiang Smart Home?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhejiang Lianxiang Smart Home stock attractive at the current price?
The data as of Oct 25, 2026: price ¥12.02, calculated fair value ¥1.43 (−88%), Quality Score 40/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603272 calculated?
We run Zhejiang Lianxiang Smart Home through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥1.43, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.3 % above its aggregate fair value. Zhejiang Lianxiang Smart Home itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhejiang Lianxiang Smart Home (603272)?
The closing price on Oct 23, 2026 was ¥12.02. Our model-based fair value is ¥1.43, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Lianxiang Smart Home right now?
The price sits above even our optimistic bull case (¥1.43). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Zhejiang Lianxiang Smart Home
How large is the market capitalisation of Zhejiang Lianxiang Smart Home (603272)?
The market capitalisation of Zhejiang Lianxiang Smart Home is 1.2B CNY (≈ $187M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zhejiang Lianxiang Smart Home (603272)?
The price-to-sales ratio of Zhejiang Lianxiang Smart Home is 13.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Lianxiang Smart Home (603272)?
Earnings per share at Zhejiang Lianxiang Smart Home are ¥−0.2400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Lianxiang Smart Home (603272)?
The dividend yield of Zhejiang Lianxiang Smart Home is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zhejiang Lianxiang Smart Home (603272)?
The net margin of Zhejiang Lianxiang Smart Home is −20.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhejiang Lianxiang Smart Home (603272)?
The return on equity (ROE) of Zhejiang Lianxiang Smart Home is −4.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhejiang Lianxiang Smart Home (603272)?
On an EBIT basis the return on assets of Zhejiang Lianxiang Smart Home is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhejiang Lianxiang Smart Home (603272)?
The operating margin of Zhejiang Lianxiang Smart Home is −26.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Lianxiang Smart Home (603272)?
Revenue at Zhejiang Lianxiang Smart Home is growing −15.9% versus a year earlier (3y avg −10.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zhejiang Lianxiang Smart Home (603272)?
Earnings per share at Zhejiang Lianxiang Smart Home are growing −87.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zhejiang Lianxiang Smart Home (603272) hold?
Zhejiang Lianxiang Smart Home holds more cash than debt, 101M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 25, 2026