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

Technology · CN · Market cap 23.3B CNY (≈ $3.5B) · ISIN CNE100000P51

What is Shenzhen H&T Intelligent Control Co Ltd really worth?

SH Shenzhen H&T Intelligent Control Co Ltd 002402 · SHE
Price¥18.82
Fair Value¥20.12
Upside+6.9%
Quality48/100

Below-average quality, currently priced close to our fair value of ¥20.12.

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Strengths

Low debt · generates free cash flow

Risks

!Expensive Growth (revenue 5y +18.1 %/yr)
!Thin margins · 6.1% net margin
!Trails peers (5/14)
!Narrow moat 40/100
!Weak on dividend: 21 out of 100

For context

·1.06% dividend yield
Evidence: High Range ¥10.39 – ¥25.15

Fair value as of: Aug 22, 2026

From 26 valuation models · updated 14 days ago

Share price −9.9% 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 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.

Price vs Fair Value (5 years)

¥55.94 ¥8.66 Fair Value ¥20.12 Mar 2021 Sep 2026

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 ¥8.66 – ¥55.94 · fair‑value band ¥10.39 – ¥25.15 · the ¥18.82 price screens below 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 22, 2026.

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Analysis

Shenzhen H&T Intelligent Control Co Ltd (002402) currently trades at ¥18.82, while our model-based Fair Value estimate is ¥20.12, implying the stock looks roughly 6.5% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥26.41 per share, and 10 of the 26 models we run sit above the ¥18.82 price. Bear case: the Dividend Discount group reads lowest at ¥2.28, and 16 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Shenzhen H&T Intelligent Control Co Ltd 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 22, 2026

Our scenario range runs from ¥10.39 (bear case) to ¥25.15 (bull case); at ¥18.82, 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 69% below its 52-week high and 1% 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 7%, 002402 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 ¥0.3519 per share, which is 1.7 % 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
FCF DCF ¥3.69 ¥5.74 ¥12.27 75
EPV ¥8.21 ¥9.56 ¥10.74 74
Growth DCF ¥3.47 ¥6.37 ¥12.22 74
All 26 models by family
DCF Models
FCF DCF ¥3.69 ¥5.74 ¥12.27 75
Owner Earnings ¥11.67 ¥26.41 ¥57.37 70
5Y Revenue Exit ¥8.05 ¥15.33 ¥30.71 68
5Y EBITDA Exit ¥14.56 ¥28.51 ¥55.96 71
5Y P/E Exit ¥12.48 ¥30.73 ¥56.11 67
10Y Revenue Exit ¥6.54 ¥17.68 ¥25.83 65
10Y EBITDA Exit ¥11.69 ¥31.70 ¥68.47 62
10Y P/E Exit ¥10.17 ¥27.23 ¥56.46 59
Earnings-Based
Graham-Dodd ¥4.89 ¥34.07 ¥47.81 63
Lynch FV ¥12.67 ¥18.11 ¥23.54 61
PEG = 1.0 ¥12.67 ¥18.11 ¥23.54 57
EPV ¥8.21 ¥9.56 ¥10.74 74
Dividend Discount
Gordon GGM ¥1.30 ¥2.71 ¥4.30 66
DDM Multi-Stage ¥1.30 ¥2.28 ¥2.84 66
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 66
EV/EBITDA ¥17.95 ¥23.89 ¥29.84 67
EV/Revenue ¥8.71 ¥12.39 ¥16.08 53
Asset-Based
NCAV (Graham) ¥3.63 ¥4.87 ¥7.27 54
Growth DCF
Growth DCF ¥3.47 ¥6.37 ¥12.22 74
Rev-Margin DCF ¥8.07 ¥17.50 ¥35.23 68
Economic Profit
Residual Income ¥6.36 ¥7.07 ¥11.70 74
ROIC Compounder ¥9.25 ¥12.93 ¥16.29 72
Growth Earnings
Growth-Adj P/E ¥18.36 ¥26.22 ¥34.09 67

Widest divergence: DCF Models (¥26.41) versus Dividend Discount (¥2.28). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/E ratio 26.1
P/S ratio 1.62 P/E × margin
EPS (TTM) ¥0.7200 price ÷ EPS = P/E 26.1
Dividend yield 1.1% payout 27.8%
Net margin 6.2% FY2025
Return on equity 10.9% TTM
More key figures
Profitability
Return on assets (EBIT) 5.7% avg 5y
Operating margin 10.0% TTM
Growth
Revenue (TTM) 11.0B CNY TTM
Revenue growth (YoY) +8.9% 3y avg +21.6%
EPS growth (YoY) +0.4%
Balance sheet & cash flow
Free cash flow 196M CNY FY2025
Net debt 76.2M CNY FY2025 · ≈ 0.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 17

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 49
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 1
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.

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

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 Ltd reported revenue of 10.7B CNY in FY2025 versus 6.0B CNY in FY2021, a compound +15.7%/yr. Reported net income was 663M CNY 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. 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.
+21.6%
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.
+18.1%
Avg. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+11.7% (10.6 + 1.1)
Revenue +15.7%/yr
FY21 6.0B CNY
FY22 6.0B CNY
FY23 7.5B CNY
FY24 9.7B CNY
FY25 10.7B CNY
Net income +4.6%/yr
FY21 553M CNY
FY22 438M CNY
FY23 331M CNY
FY24 364M CNY
FY25 663M CNY
Character of growth · EPS growth decomposed (2013-2024) +22.5 % p.a.
Revenue per share +24.6 %

of which total revenue +26.8 % · buybacks/dilution −1.8 %

EBIT margin −2.0 %
Tax rate +1.1 %
Residual (interest, one-offs) −0.7 %

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

Peer Group

Electronics & Computer Distribution · 153 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 +7% · Above 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) 1.1% · Below median
Debt / equity 0.18× · Higher than median

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

P/E (TTM) 26.1× · Pricier than median
P/B 3.47× · Pricier than 75% of peers
P/S (TTM) 2.13× · Pricier than 75% of peers
P/FCF 17.7× · Pricier than 75% of peers
EV/EBITDA 18.7× · Pricier than 75% of peers

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
VALUE43 · sector 29
FUTURE45 · sector 63
PAST44 · sector 36
HEALTH91 · sector 98
DIVIDEND21 · sector 51

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $262.53 $289.83 +10%
Unisplendour Corporation 000938 ¥39.60 ¥16.52 −58%
Rexel S.A RXL €35.43 €32.05 −10%
Arrow Electronics, Inc ARW $203.92 $114.08 −44%
Avnet, Inc AVT $97.31 $77.07 −21%
WPG Holdings 3702 123.50 TWD 148.26 TWD +20%
Nanjing Sunlord Electronics Corporation 300975 ¥25.02 ¥12.34 −51%
Shenzhen Huaqiang Industry Co 000062 ¥22.20 ¥7.52 −66%
Insight Enterprises, Inc NSIT $150.63 $118.72 −21%
Topco Scientific Co 5434 521.00 TWD 473.70 TWD −9%

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Frequently asked questions

Is Shenzhen H&T Intelligent Control Co Ltd (002402) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ¥20.12 versus a price of ¥18.82, about +7% upside (fairly valued).
What is the fair value of 002402?
Our model-based fair value for Shenzhen H&T Intelligent Control Co Ltd is ¥20.12 (as of Aug 22, 2026), built from audited fundamentals. The current price: ¥18.82.
What is the quality score of 002402?
Shenzhen H&T Intelligent Control Co Ltd 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 Ltd (002402)?
Shenzhen H&T Intelligent Control Co Ltd reported trailing-twelve-month revenue of about 11.0B CNY (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 002402?
The net profit margin of Shenzhen H&T Intelligent Control Co Ltd 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 Ltd pay a dividend?
Shenzhen H&T Intelligent Control Co Ltd currently shows a dividend yield of about 1.06% relative to its recent price (as of Aug 22, 2026).
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