Hengdian Group DMEGC Magnetics Co Ltd (002056) Fair Value & Analysis
Technology · CN · Market cap 36.4B CNY (≈ $5.4B) · ISIN CNE000001N70
What is Hengdian Group DMEGC Magnetics Co Ltd really worth?
A solid business, trading 38% below our fair value of ¥31.86.
Strengths
Risks
For context
Fair value as of: Aug 22, 2026
From 26 valuation models · updated 14 days ago
Share price −10.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (¥21.93). The market is more pessimistic than our downside scenario.
- Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥21.93 to ¥39.83) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range ¥10.34 – ¥32.82 · fair‑value band ¥21.93 – ¥39.83 · the ¥19.72 price screens below the ¥31.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.
Analysis
Hengdian Group DMEGC Magnetics Co Ltd (002056) currently trades at ¥19.72, while our model-based Fair Value estimate is ¥31.86, implying the stock looks roughly 38.1% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥33.44 per share, and 17 of the 26 models we run sit above the ¥19.72 price. Bear case: the Asset-Based group reads lowest at ¥4.38, and 9 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Hengdian Group DMEGC Magnetics Co Ltd generated revenue of 22.8B CNY at a net margin of 7.8%. Revenue grew 4.9% year over year. It earns a return on equity of 17.5%. Net debt stands at 2.0B CNY. Fundamentals as of Aug 22, 2026
Our scenario range runs from ¥21.93 (bear case) to ¥39.83 (bull case); at ¥19.72, the current price sits below 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 35% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at 62%, 002056 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.3465 per share, which is 1.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (¥33.44) versus Asset-Based (¥4.38). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hengdian Group DMEGC Magnetics Co., Ltd., together with its subsidiaries, provides magnetic materials, photovoltaic products, lithium batteries, and devices in China and internationally.
Full company description
Hengdian Group DMEGC Magnetics Co., Ltd., together with its subsidiaries, provides magnetic materials, photovoltaic products, lithium batteries, and devices in China and internationally. The company offers tile-shaped, ring, microwave oven, square, dry pressing and irregularly shaped, and bonded composite permanent magnets; manganese-zinc power and high-conductivity ferrite, nickel-zinc ferrite, magnetic powder core, nanocrystals, magnetic sheet, and magnetic design tool; rubber magnetic sheet, extruded magnetic strip, motor magnetic strip and sensor magnetic ring, water pump rotor, glue-coated parts, and magnetic ring and rotor assembly; and permanent magnet ferrite sintering and binder powder. It also provides solar modules and cells; lithium battery cells and energy storage and pack modules; cemented carbide, including carbide top hammer, composite substrate, non-standard cemented carbide for molds, non-standard oil hard alloy, and high-density tungsten products; in-vehicle and consumer goods inductance; flat, linear, and brushless vibration motors, as well as acoustic and cylindrical motors; and RF devices, such as power circulators and isolators. In addition, the company offers electromagnetic exciters, lithium battery caps; wireless charging modules; and motor housing and components. Further, it is involved in trade brokerage; investment and agency; piped gas activities; scientific research and technical services; and power engineering. The company was founded in 1980 and is headquartered in Dongyang, China. Hengdian Group DMEGC Magnetics Co., Ltd. operates as a subsidiary of Hengdian Group Holding Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hengdian Group DMEGC Magnetics Co Ltd reported revenue of 22.5B CNY in FY2025 versus 12.6B CNY in FY2021, a compound +15.6%/yr. Reported net income was 1.9B CNY in FY2025, compounding +13.4%/yr from FY2021.
of which total revenue +19.4 % · buybacks/dilution +0.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Solar · 109 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 Solar median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Nextpower Inc NXT | $103.67 | $69.61 | −33% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | −6% |
| Jinko Solar Co 688223 | ¥4.16 | ¥6.47 | +56% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | −38% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | −34% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | −36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | −38% |
| JA Solar Technology Co 002459 | ¥6.81 | ¥3.32 | −51% |
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