How does 002690's PE Ratio compare to its peers?

002690 is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (43.8x).

How does 002690's PE Ratio compare vs other companies in the CN Machinery Industry?

002690 is good value based on its Price-To-Earnings Ratio (20.5x) compared to the CN Machinery industry average (35.8x).

What is 002690's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

002690 is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

What is the Fair Price of 002690 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002690 (CN¥14.75) is trading below our estimate of [[fair value]] (CN¥16.7)

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

Target price is less than 20% higher than the current share price.

Hefei Meyer Optoelectronic Technology (XSEC:002690) - Stock Price, News & Analysis

002690 Stock Overview

Hefei Meyer Optoelectronic Technology Inc. More details

002690 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	3/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 11.7% below our estimate of its fair value

Earnings are forecast to grow 16.23% per year

Risk Analysis

Dividend of 4.75% is not well covered by earnings

Hefei Meyer Optoelectronic Technology Inc. Competitors

Huaming Power EquipmentLtd

SZSE:002270

CN¥15.2b

Shannon Semiconductor TechnologyLtd

SZSE:300475

CN¥13.0b

Shanghai Highly (Group)

SHSE:600619

CN¥11.6b

Ningbo Haitian Precision MachineryLtd

SHSE:601882

CN¥11.4b

Price History & Performance

Summary of all time highs, changes and price drops for Hefei Meyer Optoelectronic Technology
Historical stock prices
Current Share Price	CN¥14.75
52 Week High	CN¥20.60
52 Week Low	CN¥12.10
Beta	0.81
11 Month Change	-4.53%
3 Month Change	12.60%
1 Year Change	-23.97%
33 Year Change	-51.97%
5 Year Change	-48.61%
Change since IPO	-9.30%

Recent updates

Shareholder Returns

	002690	CN Machinery	CN Market
7D	-6.2%	-1.1%	-2.1%
1Y	-24.0%	4.0%	2.8%

Return vs Industry: 002690 underperformed the CN Machinery industry which returned 6.4% over the past year.

Return vs Market: 002690 underperformed the CN Market which returned 5.4% over the past year.

Price Volatility

Is 002690's price volatile compared to industry and market?
002690 volatility
002690 Average Weekly Movement	6.8%
Machinery Industry Average Movement	8.6%
Market Average Movement	8.3%
10% most volatile stocks in CN Market	12.6%
10% least volatile stocks in CN Market	5.6%

Stable Share Price: 002690 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 002690's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	1,387	Haibin Shen	www.meyer-corp.com

Hefei Meyer Optoelectronic Technology Inc. engages in the research and development, manufacture, and sale of intelligent sorting and inspection technology and products in China and internationally. The company offers AI sorter, X-ray inspection equipment and high-end CBCT. Its products include rice, tea, wheat and corn, grain, nuts, cashew, peanuts, beans, and plastic color sorters, as well as belt and chute sorters.

Hefei Meyer Optoelectronic Technology Inc. Fundamentals Summary

How do Hefei Meyer Optoelectronic Technology's earnings and revenue compare to its market cap?
002690 fundamental statistics
Market cap	CN¥12.97b
Earnings (TTM)	CN¥631.70m
Revenue (TTM)	CN¥2.35b

20.5x

P/E Ratio

5.5x

P/S Ratio

Is 002690 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
002690 income statement (TTM)
Revenue	CN¥2.35b
Cost of Revenue	CN¥1.17b
Gross Profit	CN¥1.18b
Other Expenses	CN¥546.09m
Earnings	CN¥631.70m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.72
Gross Margin	50.20%
Net Profit Margin	26.92%
Debt/Equity Ratio	0%

How did 002690 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

98%

Payout Ratio

002690 Stock Overview

Rewards

Risk Analysis

Hefei Meyer Optoelectronic Technology Inc. Competitors

SZSE:002270

CN¥15.2b

SZSE:300475

CN¥13.0b

SHSE:600619

CN¥11.6b

SHSE:601882

CN¥11.4b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2023)

Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2024 Results on Oct 26, 2024

Investor sentiment improves as stock rises 19%

Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.25 in 2Q 2023)

Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2024 Results on Aug 22, 2024

Dividend of CN¥0.70 announced

Recent updates

Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2023)

Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2024 Results on Oct 26, 2024

Investor sentiment improves as stock rises 19%

Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.25 in 2Q 2023)

Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2024 Results on Aug 22, 2024

Dividend of CN¥0.70 announced

First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 1Q 2023)

Full year 2023 earnings released: EPS: CN¥0.85 (vs CN¥0.83 in FY 2022)

Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 23, 2024

Investor sentiment improves as stock rises 22%

Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2023 Results on Mar 30, 2024

Now 20% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.26 in 3Q 2022)

Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 2Q 2022)

Insufficient new directors

Hefei Meyer Optoelectronic Technology Inc. Announces Implements Final Profit Distribution Plan of A Shares for 2022, Payable on May 11, 2023

First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2022)

Investor sentiment improves as stock rises 15%

Now 20% undervalued

Now 21% undervalued

Now 21% undervalued after recent price drop

Now 20% undervalued

Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.20 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.16 in 2Q 2021)

Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend on A Shares for the Year 2021, Payable on May 13, 2022

First quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1Q 2021)

Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 26, 2022

Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend for the Year 2021

Full year 2021 earnings released: EPS: CN¥0.76 (vs CN¥0.65 in FY 2020)

Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.27 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.16 in 2Q 2020)

First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.057 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019)

Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019)

Revenue misses expectations

Investor sentiment deteriorated over the past week

New 90-day low: CN¥39.60

Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2020 Results on Apr 08, 2021

Market bids up stock over the past week

New 90-day low: CN¥45.50

Third quarter earnings released

Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2020 Results on Oct 28, 2020

New 90-day low: CN¥47.95

Earnings released

Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2020 Results on Aug 26, 2020