Shanghai Luoman Lighting Technologies Inc. (605289) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Shanghai Luoman Lighting Technologies Inc. stock ¥28.20, price ¥63.63, upside -55.7%, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range ¥10.70 – ¥159.50 · fair‑value band ¥28.20 – ¥40.43 · the ¥63.63 price screens above the ¥28.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Shanghai Luoman Technologies Inc. provides urban and rural landscape lighting solutions in China. The company offers lighting planning, and landscape lighting design and landscape lighting project construction, as well as other services, including remote centralized control management services.
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Shanghai Luoman Technologies Inc. was founded in 1999 and is based in Shanghai, China.
Stock analysis
Shanghai Luoman Lighting Technologies Inc. (605289) currently trades at ¥63.63, while our model-based Fair Value estimate is ¥28.20, 55.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥15.68 per share, and 0 of the 17 models we run sit above the ¥63.63 price.
Bear case: the DCF Models group reads lowest at ¥4.27, and 17 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥28.20 (bear) to ¥40.43 (bull), the price of ¥63.63 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shanghai Luoman Lighting Technologies Inc. reported revenue of 1.9B CNY in FY2025 versus 736M CNY in FY2021, a compound +26.5%/yr. Reported net income was 54.4M CNY in FY2025, compounding −17.5%/yr from FY2021.
Key figures
Market cap 9.7B CNY (≈ $1.5B) Small · P/E ratio 86.0 · P/S ratio 4.05 · EPS (TTM) ¥0.7400 · Dividend yield 0.3% · Net margin 4.7% · Return on equity 15.5% · Return on assets (EBIT) 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 45% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −32% fair-value upside, at −56%, 605289 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.3100 to ¥25.44). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥28.20Fair Value ¥28.20Bull¥40.43
Price ¥63.63 · Upside -55.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.4657 per share) are deliberately not added.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.
Best data coverage
Residual Income¥5.43¥4.98¥4.8976
Owner Earnings¥2.53¥4.27¥7.1473
EPV¥4.00¥4.36¥4.6573
All 17 models by family
DCF Models
Owner Earnings¥2.53¥4.27¥7.1473
Earnings-Based
Graham-Dodd¥2.43¥16.91¥23.7363
Lynch FV¥8.31¥11.88¥15.4461
PEG = 1.0¥8.31¥11.88¥15.4457
EPV¥4.00¥4.36¥4.6573
Dividend Discount
Gordon GGM¥0.2000¥0.3200¥0.390069
DDM Multi-Stage¥0.2000¥0.3100¥0.340067
Multiples
P/E Multiple¥5.62¥7.49¥9.3663
P/S Multiple¥4.55¥6.06¥7.5857
P/B Multiple¥19.08¥25.44¥31.8055
EV/EBIT¥7.56¥10.19¥12.8165
EV/EBITDA¥6.53¥8.81¥11.0967
EV/Revenue¥5.31¥7.72¥10.1352
Asset-Based
NCAV (Graham)¥4.04¥6.12¥7.6554
Economic Profit
Residual Income¥5.43¥4.98¥4.8976
ROIC Compounder¥4.00¥4.36¥4.6571
Growth Earnings
Growth-Adj P/E¥10.98¥15.68¥20.3867
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+174.2%
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.
+82.1%
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.
+25.7%
Start year 2020 (pandemic). Over 10 years: +34.0% a year
Revenue growth 14 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.
+26.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−19.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.9%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.9% vs 4.0%, slowing
Profit margin 2019 to 2025 ⓘ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.24% → 12%
Compare Shanghai Luoman Lighting Technologies Inc. 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.Engineering & Construction · 789 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−55.7% · Bottom 25%
Profitability
Return on equity (12 months)15.5% · Top 25%
Return on assets1.7% · Below median
Net margin (12 months)4.7% · Above median
Operating margin (12 months)8.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)121.4% · Top 25%
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.33× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)86.0× · Priciest 25%
P/B7.38× · Priciest 25%
P/S (12 months)4.05× · Priciest 25%
EV/EBITDA30.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)100· sector 20
PAST (return on equity)62· sector 29
HEALTH (low debt)84· sector 94
DIVIDEND (yield)6· 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). "Shanghai Luoman Lighting Technologies Inc. Fair Value". https://www.fairvalue-calculator.com/stock/605289
Frequently asked questions
Is Shanghai Luoman Lighting Technologies Inc. (605289) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of ¥28.20 versus a price of ¥63.63, about −56% upside (overvalued).
What is the fair value of 605289?
Our model-based fair value for Shanghai Luoman Lighting Technologies Inc. is ¥28.20 (as of Oct 29, 2026), built from audited fundamentals. The current price: ¥63.63.
What is the quality score of 605289?
Shanghai Luoman Lighting Technologies Inc. has a Quality Score of 42/100. 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 Shanghai Luoman Lighting Technologies Inc. (605289)?
Our model-based price target is the fair value of ¥28.20 (as of Oct 29, 2026) from 17 valuation models. Cautious scenario ¥28.20, optimistic scenario ¥40.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Luoman Lighting Technologies Inc. stock forecast for 2026?
Our models put fair value at ¥28.20, about −56% upside versus a price of ¥63.63 (overvalued). Cautious scenario ¥28.20, optimistic scenario ¥40.43. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Luoman Lighting Technologies Inc. (605289)?
Shanghai Luoman Lighting Technologies Inc. reported trailing-twelve-month revenue of about 2.4B CNY (latest available figure, as of Oct 29, 2026).
Does Shanghai Luoman Lighting Technologies Inc. pay a dividend?
Shanghai Luoman Lighting Technologies Inc. currently shows a dividend yield of 0.28% relative to its recent price (as of Oct 29, 2026).
What is the intrinsic value of Shanghai Luoman Lighting Technologies Inc. (605289)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Luoman Lighting Technologies Inc. it is ¥28.20 per share (as of Oct 29, 2026), against a price of ¥63.63. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Shanghai Luoman Lighting Technologies Inc. stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 605289 trades above its calculated fair value: price ¥63.63, fair value ¥28.20, a gap of about −56% (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 605289?
No. The price is what the market pays today (¥63.63); the fair value is what the company's own numbers justify (¥28.20). For Shanghai Luoman Lighting Technologies Inc. the two are ¥35.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Luoman Lighting Technologies Inc. worth?
The market values Shanghai Luoman Lighting Technologies Inc. at about 9.7B CNY (market capitalisation, as of Oct 29, 2026). Per share that is ¥63.63; our models calculate a fair value of ¥28.20 per share.
What do the bullish and bearish scenarios say about 605289?
Our models span a range for Shanghai Luoman Lighting Technologies Inc.: cautious scenario ¥28.20, base ¥28.20, optimistic ¥40.43 per share (as of Oct 29, 2026, price ¥63.63). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 605289?
Shanghai Luoman Lighting Technologies Inc. trades at a price-to-earnings ratio of 86.0 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥28.20 is built from several models across several years. Other multiples: P/B 7.4, P/S 4.1, EV/EBITDA 30.9.
How solid is the balance sheet of Shanghai Luoman Lighting Technologies Inc. (605289)?
Balance-sheet figures for Shanghai Luoman Lighting Technologies Inc. (as of Oct 29, 2026): return on equity 15.5%, debt of 0.33 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 605289 from its 52-week high?
Shanghai Luoman Lighting Technologies Inc. trades at ¥63.63, about 60% below its 52-week high of ¥159.50 and 45% above the low of ¥43.97 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ¥28.20 is for.
Which stocks are comparable to Shanghai Luoman Lighting Technologies Inc.?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Shanghai Luoman Lighting Technologies Inc. stock attractive at the current price?
The data as of Oct 29, 2026: price ¥63.63, calculated fair value ¥28.20 (−56%), Quality Score 42/100, from 17 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 605289 calculated?
We run Shanghai Luoman Lighting Technologies Inc. through 17 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 ¥28.20, 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 13.1 % above its aggregate fair value. Shanghai Luoman Lighting Technologies Inc. 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 Shanghai Luoman Lighting Technologies Inc. (605289)?
The closing price on Oct 29, 2026 was ¥63.63. Our model-based fair value is ¥28.20, about −56% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Luoman Lighting Technologies Inc. right now?
The price sits above even our optimistic bull case (¥40.43). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Shanghai Luoman Lighting Technologies Inc.
How large is the market capitalisation of Shanghai Luoman Lighting Technologies Inc. (605289)?
The market capitalisation of Shanghai Luoman Lighting Technologies Inc. is 9.7B CNY (≈ $1.5B). 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 Shanghai Luoman Lighting Technologies Inc. (605289)?
The price-to-sales ratio of Shanghai Luoman Lighting Technologies Inc. is 4.05 (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 Shanghai Luoman Lighting Technologies Inc. (605289)?
Earnings per share at Shanghai Luoman Lighting Technologies Inc. are ¥0.7400 (price ÷ EPS = P/E 86.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanghai Luoman Lighting Technologies Inc. (605289)?
The dividend yield of Shanghai Luoman Lighting Technologies Inc. is 0.3% (payout 24.2%). 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 Shanghai Luoman Lighting Technologies Inc. (605289)?
The net margin of Shanghai Luoman Lighting Technologies Inc. is 4.7% (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 Shanghai Luoman Lighting Technologies Inc. (605289)?
The return on equity (ROE) of Shanghai Luoman Lighting Technologies Inc. is 15.5% (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 Shanghai Luoman Lighting Technologies Inc. (605289)?
On an EBIT basis the return on assets of Shanghai Luoman Lighting Technologies Inc. is 3.0% (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 Shanghai Luoman Lighting Technologies Inc. (605289)?
The operating margin of Shanghai Luoman Lighting Technologies Inc. is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Luoman Lighting Technologies Inc. (605289)?
Revenue at Shanghai Luoman Lighting Technologies Inc. is growing +121% versus a year earlier (3y avg +82.1%). 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 Shanghai Luoman Lighting Technologies Inc. (605289)?
Earnings per share at Shanghai Luoman Lighting Technologies Inc. are growing +231% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanghai Luoman Lighting Technologies Inc. (605289) generate?
The free cash flow of Shanghai Luoman Lighting Technologies Inc. is −239M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shanghai Luoman Lighting Technologies Inc. (605289) carry?
The net debt of Shanghai Luoman Lighting Technologies Inc. is 116M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 29, 2026