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Shenzhen H&T Intelligent Control Co. (002402) Fair Value & Analysis

Technology · CN · Market cap 23.3B CNY

SH Shenzhen H&T Intelligent Control Co. 002402 · SHE
Price¥21.14
Fair Value¥20.12
Upside-4.8%
Quality48/100
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Expensive Growth
Thin margins · 6.1% net margin
Low debt · generates free cash flow
0.80% dividend yield
Trails peers (4/14)
Narrow moat 40/100
Evidence: Medium Range ¥10.39 – ¥25.15 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ¥14.37 to ¥20.12 (+40.0%) since Jul 22, 2026. Share price −19.7% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥10.39 to ¥25.15) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥55.94 ¥8.66 Fair Value ¥20.12 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥8.66 – ¥55.94 · fair‑value band ¥10.39 – ¥25.15 · the ¥21.14 price screens above the ¥20.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shenzhen H&T Intelligent Control Co. (002402) currently trades at ¥21.14, while our model-based Fair Value estimate is ¥20.12, implying the stock looks roughly 4.8% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Technology 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, Shenzhen H&T Intelligent Control Co. generated revenue of 11.0B CNY at a net margin of 6.1%. Revenue grew 8.9% year over year. It earns a return on equity of 10.9%. Net debt stands at 76.2M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥10.39 (bear case) to ¥25.15 (bull case); at ¥21.14, 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 65% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -21% fair-value upside, at -5%, 002402 screens cheaper 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.

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
Growth DCF ¥3.47 ¥6.37 ¥12.22 80
Residual Income ¥6.36 ¥7.07 ¥11.70 76
Rev-Margin DCF ¥8.07 ¥17.50 ¥35.23 74
All 26 models by family
DCF Models
FCF DCF ¥3.69 ¥5.74 ¥12.27 38
Owner Earnings ¥11.67 ¥26.41 ¥57.37 31
5Y Revenue Exit ¥8.05 ¥15.33 ¥30.71 39
5Y EBITDA Exit ¥14.56 ¥28.51 ¥55.96 41
5Y P/E Exit ¥12.48 ¥30.73 ¥56.11 38
10Y Revenue Exit ¥6.54 ¥17.68 ¥25.83 36
10Y EBITDA Exit ¥11.69 ¥31.70 ¥68.47 37
10Y P/E Exit ¥10.17 ¥27.23 ¥56.46 35
Earnings-Based
Graham-Dodd ¥4.89 ¥34.07 ¥47.81 54
Lynch FV ¥12.67 ¥18.11 ¥23.54 50
PEG = 1.0 ¥12.67 ¥18.11 ¥23.54 46
EPV ¥8.21 ¥9.56 ¥10.74 59
Dividend Discount
Gordon GGM ¥1.30 ¥2.71 ¥4.30 70
DDM Multi-Stage ¥1.30 ¥2.28 ¥2.84 61
Multiples
P/E Multiple ¥15.09 ¥20.12 ¥25.15 63
P/S Multiple ¥9.16 ¥12.21 ¥15.27 58
P/B Multiple ¥9.16 ¥12.21 ¥15.27 55
EV/EBIT ¥17.12 ¥22.79 ¥28.45 53
EV/EBITDA ¥17.95 ¥23.89 ¥29.84 54
EV/Revenue ¥8.71 ¥12.39 ¥16.08 43
Asset-Based
NCAV (Graham) ¥3.63 ¥4.87 ¥7.27 50
Growth DCF
Growth DCF ¥3.47 ¥6.37 ¥12.22 80
Rev-Margin DCF ¥8.07 ¥17.50 ¥35.23 74
Economic Profit
Residual Income ¥6.36 ¥7.07 ¥11.70 76
ROIC Compounder ¥9.25 ¥12.93 ¥16.29 72
Growth Earnings
Growth-Adj P/E ¥18.36 ¥26.22 ¥34.09 68

Widest divergence: DCF Models (¥26.41) versus Dividend Discount (¥2.28). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 11.0B CNY
Revenue growth (YoY) +8.9%
Net margin 6.1%
Return on equity 10.9%
Free cash flow 196M CNY FY2025
P/E ratio 29.4
More key figures
Operating margin 10.0%
EPS (TTM) ¥0.7200
Dividend yield 0.8%
EPS growth (YoY) +0.4%
Net debt 76.2M CNY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 28

Profitability 39
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 71
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.

About the company

Shenzhen H&T Intelligent Control Co.Ltd, together with its subsidiaries, researches and develops, manufactures, sells, and markets intelligent controller products in China and internationally.

Full company description

Shenzhen H&T Intelligent Control Co.Ltd, together with its subsidiaries, researches and develops, manufactures, sells, and markets intelligent controller products in China and internationally. It offers household appliances which includes washing machine, oven, dryer, air conditioner, air fryer, vacuum cleaner, dishwasher, stove, refrigerator, and air purifier control boards; and power tools comprise lawn mower and slotting machine control boards, battery management systems, tool lamps, and chargers. The company also offers automotive solutions, such as hands-off detection and DGSC controllers, right-zone control units, and coolant side integrated and electric compressor controllers; ceiling fans control boards and garage door openers; AI adaptive mattresses and intelligent mattress selection systems; sofa, desk, and chair solutions; haptic suit solutions; eye mask and cushion solutions; and spine-protective backpack, and foot and spine health monitoring solutions. In addition, it provides residential, commercial, and industrial energy storage solutions; and BLDC ceiling fan, low-noise BLDC inner rotor, and magnetic positioning reciprocating brushless linear motors. The company serves various industries, such as home appliances, power tools, automotive, energy storage, and internet of things. Shenzhen H&T Intelligent Control Co.Ltd was founded in 2000 and is based in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen H&T Intelligent Control Co. reported revenue of ¥10.7B in FY2025 versus ¥6.0B in FY2021, a compound +15.7%/yr. Reported net income was ¥663M in FY2025, compounding +4.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.7B CNY
Latest YoY
+11.0%
Avg. 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.
+21.6%
Avg. 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.
+18.1%
Avg. growth/yr (19Y) 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.
+23.2%
Revenue +15.7%/yr
FY21 ¥6.0B
FY22 ¥6.0B
FY23 ¥7.5B
FY24 ¥9.7B
FY25 ¥10.7B
Net income +4.6%/yr
FY21 ¥553M
FY22 ¥438M
FY23 ¥331M
FY24 ¥364M
FY25 ¥663M
Character of growth · EPS growth decomposed (2013-2024) +22.5 % p.a.
Revenue per share +24.6 pp

of which total revenue +26.8 pp · buybacks/dilution −2.2 pp

EBIT margin −2.0 pp
Tax rate +1.1 pp
Residual (interest, one-offs) −1.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Shenzhen H&T Intelligent Control Co. Fair Value". https://www.fairvalue-calculator.com/stock/002402

Peer Group

Electronics & Computer Distribution · 156 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 −5% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 10% · Top 25%
Revenue growth 9% · Below median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 29.4× · Pricier than 75% of peers
P/B 3.47× · Pricier than 75% of peers
P/S (TTM) 2.13× · Pricier than 75% of peers
P/FCF 17.6× · Pricier than 75% of peers
EV/EBITDA 18.7× · Pricier than 75% of peers

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.

VALUE 27 · sector 28
FUTURE 45 · sector 64
PAST 44 · sector 34
HEALTH 91 · sector 98
DIVIDEND 16 · 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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $255.21 $289.83 +14%
Unisplendour Corporation 000938 ¥39.60 ¥16.52 -58%
Rexel S.A RXL €37.61 €32.05 -15%
Arrow Electronics, Inc ARW $210.30 $114.08 -46%
Avnet, Inc AVT $97.31 $77.07 -21%
WPG Holdings 3702 123.50 TWD 148.26 TWD +20%
Nanjing Sunlord Electronics Corporation 300975 ¥27.41 ¥12.34 -55%
Shenzhen Huaqiang Industry Co 000062 ¥23.53 ¥7.52 -68%
Topco Scientific Co 5434 532.00 TWD 473.70 TWD -11%
Beijing Tricolor Technology Co 603516 ¥98.79 ¥20.75 -79%

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Frequently asked questions

Is Shenzhen H&T Intelligent Control Co. (002402) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥20.12 versus a price of ¥21.14, about −5% (fairly valued).
What is the fair value of 002402?
Our model-based fair value for Shenzhen H&T Intelligent Control Co. is ¥20.12 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥21.14.
What is the quality score of 002402?
Shenzhen H&T Intelligent Control Co. 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 Shenzhen H&T Intelligent Control Co. (002402)?
Shenzhen H&T Intelligent Control Co. reported trailing-twelve-month revenue of about 11.0B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 002402?
The net profit margin of Shenzhen H&T Intelligent Control Co. is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.
Does Shenzhen H&T Intelligent Control Co. pay a dividend?
Shenzhen H&T Intelligent Control Co. currently shows a dividend yield of about 0.80% relative to its recent price (as of Aug 13, 2026).

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.

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