Tianjin Meiteng Technology Co (688420) Fair Value & Analysis

Industrials · CN · Market cap 2.0B CNY

A solid business, but screening 50% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥12.16). The favourable scenario is already priced in.
• Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (4 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

44‑month range ¥17.73 – ¥52.95 · fair‑value band ¥9.29 – ¥12.16 · the ¥22.40 price screens above the ¥11.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Tianjin Meiteng Technology Co (688420) currently trades at ¥22.40, while our model-based Fair Value estimate is ¥11.31, implying the stock looks roughly 49.5% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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, Tianjin Meiteng Technology Co generated revenue of 500M CNY at a net margin of -0.9%. Revenue declined 10.0% year over year. It earns a return on equity of -0.4%. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥9.29 (bear case) to ¥12.16 (bull case); at ¥22.40, 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 25% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -50%, 688420 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.

Widest divergence: Multiples (¥11.31) versus Dividend Discount (¥1.35). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Tianjin Meiteng Technology Co., Ltd engages in the research, development, design, manufacture, and sale of coal and mineral sorting equipment, intelligent systems and instrument, and other related intelligent management systems in China.

Full company description

Tianjin Meiteng Technology Co., Ltd engages in the research, development, design, manufacture, and sale of coal and mineral sorting equipment, intelligent systems and instrument, and other related intelligent management systems in China. The company offers Intelligent sorting and equipment products, such as intelligent dry separator, intelligent photoelectric sorter, intelligent ladder flow dry separator, intelligent coarse slime separator, intelligent small particle size dry separator, and digital converter cyclone. It also provides intelligent systems for the production process, production management system, intelligent electromechanical management, and intelligent shipping integrated management platform. In addition, the company offers smart instruments, x-ray induces ash meter, x-ray induces slurry ash meter, tailings image analyzer, smart dosing station, visual mechanical isolator VMI, sorting effect detector, and the eye of wisdom, as well as offers cloud open management platform, and industrial IoT platform. Additionally, the company offers coal and mining solutions. The company was founded in 2015 and is based in Tianjin, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianjin Meiteng Technology Co reported revenue of ¥512M in FY2025 versus ¥384M in FY2021, a compound +7.5%/yr. Reported net income was −¥5.9M in FY2025.

688420 screens 50% overvalued. Compare with GE Vernova Inc →

Peer Group

Specialty Industrial Machinery · 808 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 Specialty Industrial Machinery median · lower = cheaper

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.