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Ecovacs Robotics Co (603486) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 31.7B CNY

ER Ecovacs Robotics Co 603486 · SHG
Price¥57.92
Fair Value¥54.11
Upside-6.6%
Quality76/100
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Healthy Growth
Thin margins · 8.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Moderate moat 58/100
Evidence: High Range ¥42.02 – ¥105.41 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from ¥62.48 to ¥54.11 (−13.4%) since Jun 24, 2026. Share price +15.5% over the past month.

A strong 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.
  • A fairly wide model range (¥42.02 to ¥105.41) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥244.63 ¥28.52 Fair Value ¥54.11 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 ¥28.52 – ¥244.63 · fair‑value band ¥42.02 – ¥105.41 · the ¥57.92 price screens above the ¥54.11 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Ecovacs Robotics Co (603486) currently trades at ¥57.92, while our model-based Fair Value estimate is ¥54.11, implying the stock looks roughly 6.6% fairly valued today. The Quality Score stands at 76/100 (high quality), in the Consumer Cyclical 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, Ecovacs Robotics Co generated revenue of 20.1B CNY at a net margin of 8.4%. Revenue grew 27.1% year over year. It earns a return on equity of 19.7%. The balance sheet holds a net cash position of 3.3B CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥42.02 (bear case) to ¥105.41 (bull case); at ¥57.92, 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 48% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -7%, 603486 screens richer 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 ¥77.67 ¥146.93 ¥275.44 80
Residual Income ¥20.40 ¥27.97 ¥131.90 76
Rev-Margin DCF ¥50.33 ¥82.00 ¥128.07 74
All 26 models by family
DCF Models
FCF DCF ¥80.49 ¥133.10 ¥276.63 38
Owner Earnings ¥49.51 ¥97.42 ¥195.17 31
5Y Revenue Exit ¥50.33 ¥79.99 ¥129.41 39
5Y EBITDA Exit ¥54.95 ¥90.19 ¥145.55 41
5Y P/E Exit ¥64.51 ¥115.94 ¥180.15 38
10Y Revenue Exit ¥58.11 ¥95.09 ¥143.15 36
10Y EBITDA Exit ¥62.43 ¥103.51 ¥172.94 37
10Y P/E Exit ¥69.10 ¥120.95 ¥205.53 35
Earnings-Based
Graham-Dodd ¥20.65 ¥136.43 ¥191.01 54
Lynch FV ¥39.80 ¥56.86 ¥73.91 50
PEG = 1.0 ¥39.80 ¥56.86 ¥73.91 46
EPV ¥37.33 ¥41.98 ¥46.05 59
Dividend Discount
Gordon GGM ¥4.61 ¥9.58 ¥15.19 70
DDM Multi-Stage ¥4.61 ¥8.08 ¥10.05 61
Multiples
P/E Multiple ¥50.11 ¥66.82 ¥83.52 63
P/S Multiple ¥29.60 ¥39.47 ¥49.33 58
P/B Multiple ¥38.72 ¥51.63 ¥64.54 55
EV/EBIT ¥53.37 ¥68.02 ¥82.66 53
EV/EBITDA ¥45.72 ¥57.81 ¥69.91 54
EV/Revenue ¥37.06 ¥48.90 ¥60.74 43
Asset-Based
NCAV (Graham) ¥7.81 ¥10.47 ¥15.62 50
Growth DCF
Growth DCF ¥77.67 ¥146.93 ¥275.44 80
Rev-Margin DCF ¥50.33 ¥82.00 ¥128.07 74
Economic Profit
Residual Income ¥20.40 ¥27.97 ¥131.90 76
ROIC Compounder ¥41.84 ¥53.06 ¥67.43 72
Growth Earnings
Growth-Adj P/E ¥56.76 ¥81.08 ¥105.41 68

Widest divergence: DCF Models (¥97.42) versus Dividend Discount (¥8.08). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 20.1B CNY
Revenue growth (YoY) +27.1%
Net margin 8.4%
Return on equity 19.7%
Free cash flow 2.7B CNY FY2025
P/E ratio 18.7
More key figures
Operating margin 13.3%
EPS (TTM) ¥2.93
EPS growth (YoY) -15.7%
Net cash 3.3B CNY FY2024

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

Quality Score breakdown

Overall quality 76/100

Of which business quality 76 · Market factors (momentum, volatility) 29

Profitability 72
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 74
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

Ecovacs Robotics Co., Ltd., together with its subsidiaries, engages in the research, design, development, manufacture, and sale of household and commercial service robot solutions in China and internationally.

Full company description

Ecovacs Robotics Co., Ltd., together with its subsidiaries, engages in the research, design, development, manufacture, and sale of household and commercial service robot solutions in China and internationally. It offers DEEBOT, a home floor cleaning robot; WINBOT, a window cleaning robot; AIRBOT, a mobile air purifier; GOAT, a smart robotic lawnmower; FLOOR ONE, a smart floor washer; PURE ONE, a smart vacuum cleaner; CHIERE ONE, a smart cooking machine; HYDRATE ONE, a smart water purifier; MODA ONE, a smart hair dryer; STIYA ONE, a smart wireless brush; DEEBOT PRO K1 VAC, a commercial vacuum robot; and DEEBOT PRO M1, a commercial scrubber robot. The company also provides core components, such as high-precision DTOF LIDAR, KR S50, and KR S30 under the Kruisee Technology brand; lithium batteries under the TD Smart brand; and plastic products and components under the TF Technology brand for use in service robots, household appliances, medical equipment, vehicles, garden tools, and power tool applications. In addition, it is involved in technology research and development, as well as property rental activities. The company was formerly known as TEK Electrical Co, LTD. and changed its name to Ecovacs Robotics Co., Ltd. in December 2006. Ecovacs Robotics Co., Ltd. was founded in 1998 and is headquartered in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ecovacs Robotics Co reported revenue of ¥19.0B in FY2025 versus ¥13.1B in FY2021, a compound +9.8%/yr. Reported net income was ¥1.8B in FY2025, compounding −3.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
19.0B CNY
Latest YoY
+15.1%
Avg. growth/yr (3Y)
+7.5%
Avg. growth/yr (5Y)
+21.4%
Avg. growth/yr (12Y)
+20.9%
Revenue +9.8%/yr
FY21 ¥13.1B
FY22 ¥15.3B
FY23 ¥15.5B
FY24 ¥16.5B
FY25 ¥19.0B
Net income −3.3%/yr
FY21 ¥2.0B
FY22 ¥1.7B
FY23 ¥612M
FY24 ¥806M
FY25 ¥1.8B

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Cite: Fair Value Calculator (2026). "Ecovacs Robotics Co Fair Value". https://www.fairvalue-calculator.com/stock/603486

Peer Group

Furnishings, Fixtures & Appliances · 311 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 76 · Top 25%
Fair Value upside −7% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 27% · Top 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 18.7× · Pricier than median
P/B 3.51× · Pricier than 75% of peers
P/S (TTM) 1.58× · Pricier than 75% of peers
P/FCF 1.7× · Pricier than median
EV/EBITDA 10.1× · Pricier 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 25 · sector 26
FUTURE 100 · sector 0
PAST 79 · sector 19
HEALTH 94 · sector 98
DIVIDEND 0 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Voltas Limited VOLTAS ₹1,350 ₹185.71 -86%

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Frequently asked questions

Is Ecovacs Robotics Co (603486) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥54.11 versus a price of ¥57.92, about −7% (fairly valued).
What is the fair value of 603486?
Our model-based fair value for Ecovacs Robotics Co is ¥54.11 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥57.92.
What is the quality score of 603486?
Ecovacs Robotics Co has a Quality Score of 76/100. 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 Ecovacs Robotics Co (603486)?
Ecovacs Robotics Co reported trailing-twelve-month revenue of about 20.1B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603486?
The net profit margin of Ecovacs Robotics Co is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.

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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