Shenzhen Megmeet Electrical Co., LTD

SZSE:002851 Stock Report

Market Cap: CN¥74.8b

Shenzhen Megmeet Electrical Valuation

Is 002851 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 002851 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 002851 (CN¥129.27) is trading above our estimate of future cash flow value (CN¥27.35)

Significantly Below Future Cash Flow Value: 002851 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002851?

Key metric: As 002851 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002851. This is calculated by dividing 002851's market cap by their current revenue.
What is 002851's PS Ratio?
PS Ratio8.3x
SalesCN¥9.06b
Market CapCN¥74.77b

Price to Sales Ratio vs Peers

How does 002851's PS Ratio compare to its peers?

The above table shows the PS ratio for 002851 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
002074 Gotion High-techLtd
1.7x10.75%CN¥68.5b
601877 Zhejiang Chint Electrics
1.3x4.71%CN¥85.3b
603195 Goneo Group
4.8x6.90%CN¥79.1b
600522 Jiangsu Zhongtian Technology
1.9x13.54%CN¥98.1b
002851 Shenzhen Megmeet Electrical
8.3x27.36%CN¥74.8b

Price-To-Sales vs Peers: 002851 is expensive based on its Price-To-Sales Ratio (8.3x) compared to the peer average (2.4x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 002851's PS Ratio compare vs other companies in the CN Electrical Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
300772 Windey Energy Technology Group
0.6x12.39%US$2.28b
002533 Gold cup Electric ApparatusLtd
0.6x7.67%US$1.70b
600973 Baosheng Science and Technology InnovationLtd
0.2xn/aUS$1.53b
000049 Shenzhen Desay Battery Technology
0.5x7.12%US$1.44b
002851 8.3xIndustry Avg. 3.7xNo. of Companies41PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002851 is expensive based on its Price-To-Sales Ratio (8.3x) compared to the CN Electrical industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is 002851's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

002851 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.3x
Fair PS Ratio8.2x

Price-To-Sales vs Fair Ratio: 002851 is expensive based on its Price-To-Sales Ratio (8.3x) compared to the estimated Fair Price-To-Sales Ratio (8.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 002851 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥129.27
CN¥111.11
-14.05%
27.67%CN¥151.38CN¥75.00n/a7
Mar ’27CN¥124.64
CN¥111.11
-10.86%
27.67%CN¥151.38CN¥75.00n/a7
Feb ’27CN¥127.18
CN¥85.98
-32.39%
9.35%CN¥95.00CN¥75.00n/a6
Jan ’27CN¥90.07
CN¥85.82
-4.72%
10.26%CN¥95.00CN¥75.00n/a5
Dec ’26CN¥70.76
CN¥77.67
+9.77%
18.90%CN¥95.00CN¥52.91n/a5
Nov ’26CN¥76.23
CN¥77.67
+1.89%
18.90%CN¥95.00CN¥52.91n/a5
Oct ’26CN¥77.47
CN¥75.91
-2.01%
28.43%CN¥105.00CN¥51.64n/a5
Sep ’26CN¥89.81
CN¥70.91
-21.04%
33.82%CN¥105.00CN¥50.00n/a5
Aug ’26CN¥59.39
CN¥55.91
-5.86%
10.17%CN¥65.00CN¥50.00n/a5
Jul ’26CN¥48.96
CN¥54.50
+11.32%
16.81%CN¥65.00CN¥37.00n/a7
Jun ’26CN¥43.00
CN¥54.50
+26.75%
16.81%CN¥65.00CN¥37.00n/a7
May ’26CN¥43.26
CN¥54.92
+26.95%
17.40%CN¥65.00CN¥37.00n/a6
Apr ’26CN¥60.07
CN¥53.71
-10.58%
30.36%CN¥80.00CN¥26.60n/a7
Mar ’26CN¥50.81
CN¥53.00
+4.31%
33.04%CN¥80.00CN¥26.60CN¥124.646
Feb ’26CN¥62.84
CN¥53.00
-15.66%
33.04%CN¥80.00CN¥26.60CN¥127.186
Jan ’26CN¥61.46
CN¥48.50
-21.09%
26.47%CN¥64.97CN¥26.60CN¥90.076
Dec ’25CN¥40.54
CN¥45.20
+11.50%
25.48%CN¥56.76CN¥26.60CN¥70.765
Nov ’25CN¥41.38
CN¥40.47
-2.20%
26.25%CN¥53.00CN¥26.60CN¥76.235
Oct ’25CN¥28.04
CN¥29.34
+4.65%
7.46%CN¥33.09CN¥26.60CN¥77.475
Sep ’25CN¥24.06
CN¥28.94
+20.30%
8.25%CN¥33.09CN¥26.60CN¥89.815
Aug ’25CN¥26.50
CN¥29.04
+9.59%
8.40%CN¥33.09CN¥26.60CN¥59.395
Jul ’25CN¥25.24
CN¥29.65
+17.48%
7.97%CN¥33.09CN¥27.00CN¥48.964
Jun ’25CN¥27.47
CN¥29.65
+7.95%
7.97%CN¥33.09CN¥27.00CN¥43.004
May ’25CN¥21.81
CN¥30.21
+38.50%
5.59%CN¥32.10CN¥28.00CN¥43.263
Apr ’25CN¥24.43
CN¥36.77
+50.50%
12.78%CN¥43.20CN¥32.10CN¥60.073
Mar ’25CN¥24.13
CN¥36.77
+52.37%
12.78%CN¥43.20CN¥32.10CN¥50.813
CN¥111.11
Fair Value
16.3% overvalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 02:41
End of Day Share Price 2026/03/10 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shenzhen Megmeet Electrical Co., LTD is covered by 18 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yikai LiuBofA Global Research
Tao ZengChina Galaxy Securities Co., Ltd.
Peng JiangChina International Capital Corporation Limited