Zhejiang Tengen Electrics Co (605066) Fair Value & Analysis

Technology · CN · Market cap 3.2B CNY

A solid business, but screening 45% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥4.57). The favourable scenario is already priced in.
• Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥4.49 – ¥17.24 · fair‑value band ¥2.74 – ¥4.57 · the ¥6.66 price screens above the ¥3.66 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Zhejiang Tengen Electrics Co (605066) currently trades at ¥6.66, while our model-based Fair Value estimate is ¥3.66, implying the stock looks roughly 45.1% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology 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, Zhejiang Tengen Electrics Co generated revenue of 2.8B CNY at a net margin of 2.8%. Revenue declined 2.1% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of 691M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥2.74 (bear case) to ¥4.57 (bull case); at ¥6.66, 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 26% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -45%, 605066 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.

Widest divergence: DCF Models (¥3.95) versus Asset-Based (¥2.35). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Zhejiang Tengen Electrics Co.,Ltd. manufactures and sells industrial electrical products in China. The company offers low-voltage power distribution and control appliances, intelligent instruments, power supplies, frequency converters, high-voltage electrical appliances, and building electrical appliances, as well as high-quality low-voltage electrical …

Full company description

Zhejiang Tengen Electrics Co.,Ltd. manufactures and sells industrial electrical products in China. The company offers low-voltage power distribution and control appliances, intelligent instruments, power supplies, frequency converters, high-voltage electrical appliances, and building electrical appliances, as well as high-quality low-voltage electrical products. It also provides power distribution electrics, such as air circuit breaker, moulded case circuit breakers, ELCB, automatic transfer switches, disconnector switches, current transformer, fuses, voltage stabilizer, and capacitor; modular devices, including miniature circuit breaker, RCCB, RCBO, switch disconnectors, auxiliaries of circuit breakers, arc fault protection circuit breakers, overvoltage and undervoltage protectors, surge protective devices, metal boxes, and modular contactors; and control devices comprising transformers and voltage regulators, contactors, relays, push buttons, indicators and switches, motor drive apparatus, and switch disconnector. Additionally, the company offers instruments meters that includes analogue panel, electronic, digital, smart, and prepayment meters; and MV/HV apparatus, such as mv switchgear, vacuum circuit breakers, isolating switches and load switches, and surge arrester and drop-out fuse. Zhejiang Tengen Electrics Co.,Ltd. was founded in 1999 and is headquartered in Yueqing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Tengen Electrics Co reported revenue of ¥2.8B in FY2025 versus ¥2.9B in FY2021, a compound −0.9%/yr. Reported net income was ¥92.3M in FY2025, compounding −4.1%/yr from FY2021.

605066 screens 45% overvalued. Compare with Delta Electronics, Inc →

Peer Group

Electronic Components · 626 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.

Valuation Multiples vs Electronic Components median · lower = cheaper

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: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.