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Goertek Inc (002241) Fair Value & Analysis

Technology · CN · Market cap 79.0B CNY (≈ $11.8B) · ISIN CNE100000BP1

What is Goertek Inc really worth?

GI Goertek Inc 002241 · SHE
Price¥23.41
Fair Value¥21.02
Upside−10.2%
Quality48/100

Below-average quality, and trading another 11% above our fair value of ¥21.02.

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Strengths

Ranks above peers (9/14)

Risks

!Weak Growth (revenue 5y +10.8 %/yr)
!Thin margins · 4.0% net margin
!Low debt · negative free cash flow
!Narrow moat 38/100
!Weak on valuation: 20 out of 100

For context

·1.50% dividend yield
Evidence: High Range ¥10.81 – ¥25.73

Fair value as of: Aug 18, 2026

From 17 valuation models · updated 17 days ago

Share price +1.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range (¥10.81 to ¥25.73) leaves room in how you read the outcome.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

¥55.02 ¥13.97 Fair Value ¥21.02 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ¥13.97 – ¥55.02 · fair‑value band ¥10.81 – ¥25.73 · the ¥23.41 price screens above the ¥21.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.

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Analysis

Goertek Inc (002241) currently trades at ¥23.41, while our model-based Fair Value estimate is ¥21.02, implying the stock looks roughly 11.4% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥45.51 per share, and 6 of the 17 models we run sit above the ¥23.41 price. Bear case: the Dividend Discount group reads lowest at ¥6.83, and 11 of the 17 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Goertek Inc generated revenue of 98.9B CNY at a net margin of 4.0%. Revenue grew 14.4% year over year. It earns a return on equity of 10.8%. The balance sheet holds a net cash position of 7.7B CNY. Fundamentals as of Aug 18, 2026

Our scenario range runs from ¥10.81 (bear case) to ¥25.73 (bull case); at ¥23.41, the current price sits within 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 42% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −10%, 002241 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 ¥0.5346 per share, which is 2.5 % 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.

Model 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. Evidence
Highest evidence
Owner Earnings ¥7.79 ¥12.21 ¥21.51 74
EPV ¥11.05 ¥12.17 ¥13.15 74
Residual Income ¥9.22 ¥10.46 ¥18.52 74
All 17 models by family
DCF Models
Owner Earnings ¥7.79 ¥12.21 ¥21.51 74
Earnings-Based
Graham-Dodd ¥7.54 ¥52.60 ¥73.82 63
Lynch FV ¥23.07 ¥32.96 ¥42.84 61
PEG = 1.0 ¥23.07 ¥32.96 ¥42.84 57
EPV ¥11.05 ¥12.17 ¥13.15 74
Dividend Discount
Gordon GGM ¥3.90 ¥8.10 ¥12.85 66
DDM Multi-Stage ¥3.90 ¥6.83 ¥8.50 66
Multiples
P/E Multiple ¥23.29 ¥31.06 ¥38.82 63
P/S Multiple ¥14.14 ¥18.86 ¥23.57 58
P/B Multiple ¥14.14 ¥18.86 ¥23.57 55
EV/EBIT ¥18.45 ¥23.16 ¥27.87 66
EV/EBITDA ¥30.02 ¥38.59 ¥47.16 67
EV/Revenue ¥11.46 ¥14.52 ¥17.59 54
Asset-Based
NCAV (Graham) ¥5.12 ¥6.87 ¥10.25 54
Economic Profit
Residual Income ¥9.22 ¥10.46 ¥18.52 74
ROIC Compounder ¥12.05 ¥15.00 ¥17.79 72
Growth Earnings
Growth-Adj P/E ¥31.86 ¥45.51 ¥59.16 67

Widest divergence: Growth Earnings (¥45.51) versus Dividend Discount (¥6.83). Highest evidence: Owner Earnings (74).

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Key figures & financial health

P/E ratio 20.5
P/S ratio 0.84 P/E × margin
EPS (TTM) ¥1.14 price ÷ EPS = P/E 20.5
Dividend yield 1.5% payout 30.7%
Net margin 4.1% FY2025
Return on equity 10.8% TTM
More key figures
Profitability
Return on assets (EBIT) 3.5% avg 5y
Operating margin 3.7% TTM
Growth
Revenue (TTM) 98.9B CNY TTM
Revenue growth (YoY) +14.4% 3y avg −2.7%
EPS growth (YoY) +7.7%
Balance sheet & cash flow
Free cash flow −281M CNY FY2025
Net cash 7.7B CNY FY2024

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 34

Profitability 43
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

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

Goertek Inc. engages in the provision of micro electro-acoustic components, optical components, electronic accessories, and related products worldwide.

Full company description

Goertek Inc. engages in the provision of micro electro-acoustic components, optical components, electronic accessories, and related products worldwide. It offers smart wearable products, such as smart watches and bracelets/rings; smart viewable products, including VR/MR HMD and AR/AI glasses; hearables comprising TWS earphones, audio glasses, and headphones; voice-controlled speaker, and robotics products. Goertek Inc. was founded in 2001 and is based in Weifang, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Goertek Inc reported revenue of 96.6B CNY in FY2025 versus 78.2B CNY in FY2021, a compound +5.4%/yr. Reported net income was 3.9B CNY in FY2025, compounding −2.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
96.6B CNY
Latest YoY
−4.4%
Avg. revenue growth/yr (3Y) 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.
−2.7%
Avg. revenue growth/yr (5Y) 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.
+10.8%
Avg. revenue growth/yr (20Y) 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.
+40.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+6.0% (4.5 + 1.5)
Revenue +5.4%/yr
FY21 78.2B CNY
FY22 105B CNY
FY23 98.6B CNY
FY24 101B CNY
FY25 96.6B CNY
Net income −2.0%/yr
FY21 4.3B CNY
FY22 1.7B CNY
FY23 1.1B CNY
FY24 2.7B CNY
FY25 3.9B CNY

002241 screens 11% overvalued. Compare with Samsung Electronics Co →

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Cite: Fair Value Calculator (2026). "Goertek Inc Fair Value". https://www.fairvalue-calculator.com/stock/002241

Peer Group

Consumer Electronics · 127 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.

Quality Score 48 · Below median
Fair Value upside −10% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 2% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 20.5× · Cheaper than median
P/B 2.17× · Pricier than median
P/S (TTM) 0.80× · Pricier than median
EV/EBITDA 10.5× · Cheaper than median
PEG 1.02× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE20 · sector 7
FUTURE72 · sector 7
PAST43 · sector 16
HEALTH95 · sector 97
DIVIDEND30 · sector 43

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Samsung Electronics Co 005930 257,000 KRW 163,160 KRW −37%
Sony Group SONY $24.07 $28.28 +17%
Xiaomi Corporation 81810 HK$24.16 HK$38.03 +57%
LG Electronics Inc 066570 201,500 KRW 98,149 KRW −51%
Sharetronic Data Technology Co 300857 ¥254.49 ¥35.52 −86%
Huaqin Co 603296 ¥78.49 ¥39.69 −49%
LG Corp 003550 113,700 KRW 89,984 KRW −21%
Shenzhen Transsion Holdings 688036 ¥58.89 ¥56.82 −4%
Dixon Technologies (India) Limited DIXON ₹14,495 ₹4,022 −72%
Anker Innovations Limited 300866 ¥118.42 ¥78.13 −34%

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Frequently asked questions

Is Goertek Inc (002241) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ¥21.02 versus a price of ¥23.41, about −10% upside (overvalued).
What is the fair value of 002241?
Our model-based fair value for Goertek Inc is ¥21.02 (as of Aug 18, 2026), built from audited fundamentals. The current price: ¥23.41.
What is the quality score of 002241?
Goertek Inc has a Quality Score of 48/100. 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 revenue of Goertek Inc (002241)?
Goertek Inc reported trailing-twelve-month revenue of about 98.9B CNY (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 002241?
The net profit margin of Goertek Inc is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Goertek Inc pay a dividend?
Goertek Inc currently shows a dividend yield of about 1.50% relative to its recent price (as of Aug 18, 2026).
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