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Guangdong Hotata Technology Group (603848) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 5.6B CNY

GH Guangdong Hotata Technology Group 603848 · SHG
Price¥13.27
Fair Value¥6.30
Upside-52.5%
Quality55/100
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Mixed Growth
Solidly profitable · 13.2% net margin
Low debt · generates free cash flow
1.43% dividend yield
Mixed vs. peers (6/14)
Moderate moat 49/100
Evidence: Medium Range ¥5.43 – ¥9.27 Share as image

Fair value as of: Jul 11, 2026

From 25 valuation models · updated 30 days ago

Share price −6.6% over the past month.

A solid business, but screening 53% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥9.27). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥32.61 ¥10.68 Fair Value ¥6.30 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 ¥10.68 – ¥32.61 · fair‑value band ¥5.43 – ¥9.27 · the ¥13.27 price screens above the ¥6.30 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Guangdong Hotata Technology Group (603848) currently trades at ¥13.27, while our model-based Fair Value estimate is ¥6.30, implying the stock looks roughly 52.5% overvalued today. The Quality Score stands at 55/100 (solid 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: medium).

Over the trailing twelve months, Guangdong Hotata Technology Group generated revenue of 1.6B CNY at a net margin of 13.2%. Revenue grew 21.7% year over year. It earns a return on equity of 7.2%. The balance sheet holds a net cash position of 149M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥5.43 (bear case) to ¥9.27 (bull case); at ¥13.27, 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 61% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -53%, 603848 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 ¥2.53 ¥3.48 ¥4.72 80
Residual Income ¥5.23 ¥5.57 ¥6.14 76
Rev-Margin DCF ¥2.83 ¥4.41 ¥6.10 74
All 25 models by family
DCF Models
FCF DCF ¥2.47 ¥3.50 ¥4.91 38
Owner Earnings ¥3.21 ¥4.55 ¥6.38 31
5Y Revenue Exit ¥2.83 ¥4.39 ¥6.32 39
5Y EBITDA Exit ¥4.37 ¥7.13 ¥10.24 41
5Y P/E Exit ¥5.50 ¥9.15 ¥12.81 38
10Y Revenue Exit ¥2.58 ¥3.92 ¥5.61 36
10Y EBITDA Exit ¥3.61 ¥5.74 ¥8.41 37
10Y P/E Exit ¥4.30 ¥7.07 ¥10.24 35
Earnings-Based
Graham-Dodd ¥3.43 ¥8.22 ¥10.60 54
PEG = 1.0 ¥1.44 ¥2.06 ¥2.67 46
EPV ¥4.53 ¥5.24 ¥5.86 59
Dividend Discount
Gordon GGM ¥1.84 ¥3.15 ¥4.70 70
DDM Multi-Stage ¥1.84 ¥2.70 ¥3.61 61
Multiples
P/E Multiple ¥8.33 ¥11.11 ¥13.89 63
P/S Multiple ¥3.45 ¥4.60 ¥5.75 58
P/B Multiple ¥6.44 ¥8.59 ¥10.73 55
EV/EBIT ¥8.05 ¥10.72 ¥13.39 53
EV/EBITDA ¥6.29 ¥8.38 ¥10.47 54
EV/Revenue ¥3.25 ¥4.63 ¥6.01 43
Asset-Based
NCAV (Graham) ¥3.19 ¥4.27 ¥6.37 50
Growth DCF
Growth DCF ¥2.53 ¥3.48 ¥4.72 80
Rev-Margin DCF ¥2.83 ¥4.41 ¥6.10 74
Economic Profit
Residual Income ¥5.23 ¥5.57 ¥6.14 76
ROIC Compounder ¥4.53 ¥5.24 ¥5.86 72
Growth Earnings
Growth-Adj P/E ¥6.32 ¥9.03 ¥11.74 68

Widest divergence: Growth Earnings (¥9.03) versus Dividend Discount (¥2.70). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) +21.7%
Net margin 13.2%
Return on equity 7.2%
Free cash flow 96.6M CNY FY2025
P/E ratio 26.2
More key figures
Operating margin 13.2%
EPS (TTM) ¥0.5300
Dividend yield 1.4%
EPS growth (YoY) +25.0%
Net cash 149M CNY FY2024

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 30

Profitability 41
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 79
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 Hotata Technology Group Co.,Ltd. engages in the research and development, production, sale, and service of smart home products in China. The company offers smart home products, including smart clothes drying machines, smart door locks, and other smart products.

Full company description

Guangdong Hotata Technology Group Co.,Ltd. engages in the research and development, production, sale, and service of smart home products in China. The company offers smart home products, including smart clothes drying machines, smart door locks, and other smart products. It also provides clothes drying rack products, such as hand-crank drying racks, floor-standing drying racks, and hanging drying racks; as well as aluminum ladders, clothes rack sets, drying racks, towel racks, and other products. The company was founded in 1999 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangdong Hotata Technology Group reported revenue of ¥1.5B in FY2025 versus ¥1.4B in FY2021, a compound +2.0%/yr. Reported net income was ¥203M in FY2025, compounding −9.3%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
−0.9%
Avg. growth/yr (3Y)
+3.8%
Avg. growth/yr (5Y)
+5.9%
Avg. growth/yr (12Y)
+9.7%
Revenue +2.0%/yr
FY21 ¥1.4B
FY22 ¥1.4B
FY23 ¥1.7B
FY24 ¥1.6B
FY25 ¥1.5B
Net income −9.3%/yr
FY21 ¥300M
FY22 ¥219M
FY23 ¥327M
FY24 ¥248M
FY25 ¥203M

603848 screens 53% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Guangdong Hotata Technology Group Fair Value". https://www.fairvalue-calculator.com/stock/603848

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 55 · Above median
Fair Value upside −53% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 22% · Top 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.08× · Higher than median

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

P/E (TTM) 26.2× · Pricier than median
P/B 2.17× · Pricier than median
P/S (TTM) 3.49× · Pricier than 75% of peers
P/FCF 8.6× · Pricier than 75% of peers
EV/EBITDA 21.9× · Pricier than 75% of peers

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 26
FUTURE 100 · sector 0
PAST 29 · sector 19
HEALTH 96 · sector 98
DIVIDEND 29 · sector 55

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Guangdong Hotata Technology Group (603848) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥6.30 versus a price of ¥13.27, about −53% (overvalued).
What is the fair value of 603848?
Our model-based fair value for Guangdong Hotata Technology Group is ¥6.30 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥13.27.
What is the quality score of 603848?
Guangdong Hotata Technology Group has a Quality Score of 55/100. 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 Hotata Technology Group (603848)?
Guangdong Hotata Technology Group reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603848?
The net profit margin of Guangdong Hotata Technology Group is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. Based on the latest reported figures.
Does Guangdong Hotata Technology Group pay a dividend?
Guangdong Hotata Technology Group currently shows a dividend yield of about 1.43% 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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