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Hangzhou Great Star Industrial Co Ltd (002444) Fair Value & Analysis

Industrials · CN · Market cap 37.8B CNY (≈ $5.6B) · ISIN CNE100000RC5

What is Hangzhou Great Star Industrial Co Ltd really worth?

HG Hangzhou Great Star Industrial Co Ltd 002444 · SHE
Price¥30.55
Fair Value¥30.38
Upside−0.6%
Quality64/100

A solid business, currently priced close to our fair value of ¥30.38.

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Strengths

Solidly profitable · 17.4% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)

Risks

!Mixed Growth (revenue 5y +11.4 %/yr)
!Moderate moat 59/100
!Weak on future: 16 out of 100

For context

·2.13% dividend yield
Evidence: High Range ¥20.42 – ¥39.43

Fair value as of: Aug 21, 2026

From 26 valuation models · updated 15 days ago

Share price +4.0% 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 (¥20.42 to ¥39.43) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥38.70 ¥12.77 Fair Value ¥30.38 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ¥12.77 – ¥38.70 · fair‑value band ¥20.42 – ¥39.43 · the ¥30.55 price screens above the ¥30.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Hangzhou Great Star Industrial Co Ltd (002444) currently trades at ¥30.55, while our model-based Fair Value estimate is ¥30.38, implying the stock looks roughly 0.6% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥46.37 per share, and 15 of the 26 models we run sit above the ¥30.55 price. Bear case: the Dividend Discount group reads lowest at ¥4.37, and 11 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Hangzhou Great Star Industrial Co Ltd generated revenue of 14.8B CNY at a net margin of 17.4%. Revenue grew 3.2% year over year. It earns a return on equity of 14.3%. The balance sheet holds a net cash position of 3.3B CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥20.42 (bear case) to ¥39.43 (bull case); at ¥30.55, 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 22% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −43% fair-value upside, at −1%, 002444 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 ¥1.02 per share, which is 3.3 % 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 ¥19.92 ¥34.09 ¥62.87 77
Growth DCF ¥19.60 ¥32.72 ¥56.14 76
5Y EBITDA Exit ¥22.70 ¥39.61 ¥61.75 74
All 26 models by family
DCF Models
FCF DCF ¥19.92 ¥34.09 ¥62.87 77
Owner Earnings ¥26.99 ¥48.81 ¥89.52 73
5Y Revenue Exit ¥16.39 ¥25.92 ¥39.18 72
5Y EBITDA Exit ¥22.70 ¥39.61 ¥61.75 74
5Y P/E Exit ¥31.83 ¥59.44 ¥92.76 69
10Y Revenue Exit ¥17.05 ¥26.76 ¥42.44 66
10Y EBITDA Exit ¥21.70 ¥37.09 ¥62.31 66
10Y P/E Exit ¥27.89 ¥52.06 ¥89.62 61
Earnings-Based
Graham-Dodd ¥14.29 ¥78.31 ¥108.64 63
Lynch FV ¥21.78 ¥31.12 ¥40.45 61
PEG = 1.0 ¥21.78 ¥31.12 ¥40.45 57
EPV ¥19.85 ¥22.42 ¥24.67 74
Dividend Discount
Gordon GGM ¥2.49 ¥5.18 ¥8.22 66
DDM Multi-Stage ¥2.49 ¥4.37 ¥5.44 66
Multiples
P/E Multiple ¥34.67 ¥46.22 ¥57.78 63
P/S Multiple ¥11.05 ¥14.73 ¥18.42 58
P/B Multiple ¥26.79 ¥35.72 ¥44.65 55
EV/EBIT ¥30.83 ¥39.63 ¥48.44 66
EV/EBITDA ¥25.12 ¥32.02 ¥38.92 67
EV/Revenue ¥14.74 ¥19.16 ¥23.58 54
Asset-Based
NCAV (Graham) ¥7.88 ¥10.55 ¥15.75 54
Growth DCF
Growth DCF ¥19.60 ¥32.72 ¥56.14 76
Rev-Margin DCF ¥16.39 ¥25.63 ¥38.24 72
Economic Profit
Residual Income ¥15.08 ¥19.12 ¥50.48 68
ROIC Compounder ¥21.93 ¥29.16 ¥37.52 72
Growth Earnings
Growth-Adj P/E ¥32.46 ¥46.37 ¥60.28 67

Widest divergence: Growth Earnings (¥46.37) versus Dividend Discount (¥4.37). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 14.2
P/S ratio 2.43 P/E × margin
EPS (TTM) ¥2.15 price ÷ EPS = P/E 14.2
Dividend yield 2.1% payout 30.2%
Net margin 17.1% FY2025
Return on equity 14.3% TTM
More key figures
Profitability
Return on assets (EBIT) 9.8% avg 5y
Operating margin 14.5% TTM
Growth
Revenue (TTM) 14.8B CNY TTM
Revenue growth (YoY) +3.2% 3y avg +5.2%
EPS growth (YoY) +11.9%
Balance sheet & cash flow
Free cash flow 1.3B CNY FY2025
Net cash 3.3B CNY FY2024

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 63 · Market factors (momentum, volatility) 36

Profitability 54
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 74
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

Hangzhou Greatstar Industrial Co., Ltd engages in research and development, production, and sales of hand, power, and industrial tools in China and internationally.

Full company description

Hangzhou Greatstar Industrial Co., Ltd engages in research and development, production, and sales of hand, power, and industrial tools in China and internationally. The company offers mechanic tools, pneumatic tools, laser tools/LIDAR, tool storage, vacuum cleaners, and labor protection products under the ARROW, SK, shop.vac, BeA, LISTA, DuraTech, Goldblatt, WORKPRO, PONY JORGENSEN, EverBrite, PREXIS0, OLEI, SWEISS+TECH, PRIME-LINE, scruis, SHEFFIELD, and TESA TECHNOLOGY brand names. It sells its products through department stores, auto parts and other chain supermarkets, and various industrial users, as well as through domestic and foreign e-commerce platforms. Hangzhou Greatstar Industrial Co., Ltd was founded in 1993 and is headquartered in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hangzhou Great Star Industrial Co Ltd reported revenue of 14.7B CNY in FY2025 versus 10.9B CNY in FY2021, a compound +7.7%/yr. Reported net income was 2.5B CNY in FY2025, compounding +18.6%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
14.7B CNY
Latest YoY
−0.9%
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.
+5.2%
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.
+11.4%
Avg. revenue growth/yr (18Y) 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.
+13.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+12.0% (9.9 + 2.1)
Revenue +7.7%/yr
FY21 10.9B CNY
FY22 12.6B CNY
FY23 10.9B CNY
FY24 14.8B CNY
FY25 14.7B CNY
Net income +18.6%/yr
FY21 1.3B CNY
FY22 1.4B CNY
FY23 1.7B CNY
FY24 2.3B CNY
FY25 2.5B CNY
Character of growth · EPS growth decomposed (2013-2024) +14.4 % p.a.
Revenue per share +16.0 %

of which total revenue +17.9 % · buybacks/dilution −1.6 %

EBIT margin −1.8 %
Tax rate +1.0 %
Residual (interest, one-offs) −0.6 %

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). "Hangzhou Great Star Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002444

Peer Group

Tools & Accessories · 122 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 64 · Above median
Fair Value upside −1% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 2.1% · Above median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than median
P/B 2.01× · Pricier than median
P/S (TTM) 2.55× · Pricier than median
P/FCF 4.2× · Pricier than median
EV/EBITDA 12.8× · Pricier 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
VALUE33 · sector 4
FUTURE16 · sector 16
PAST57 · sector 28
HEALTH100 · sector 97
DIVIDEND43 · sector 40

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$138.50 HK$78.56 −43%
Snap-on Incorporated SNA $391.86 $344.67 −12%
RBC Bearings Incorporated RBC $488.69 $179.94 −63%
Lincoln Electric Holdings LECO $284.90 $151.86 −47%
Stanley Black & Decker, Inc SWK $99.24 $52.80 −47%
AB SKF (publ) SKFB kr 275.40 kr 180.34 −35%
The Timken Company TKR $130.25 $64.85 −50%
The Toro Company TTC $92.37 $69.71 −25%
SFS Group SFSN CHF 131.40 CHF 118.30 −10%
Hiwin Technologies Corporation 2049 381.00 TWD 73.32 TWD −81%

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Frequently asked questions

Is Hangzhou Great Star Industrial Co Ltd (002444) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥30.38 versus a price of ¥30.55, about −1% upside (fairly valued).
What is the fair value of 002444?
Our model-based fair value for Hangzhou Great Star Industrial Co Ltd is ¥30.38 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥30.55.
What is the quality score of 002444?
Hangzhou Great Star Industrial Co Ltd has a Quality Score of 64/100. 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 Hangzhou Great Star Industrial Co Ltd (002444)?
Hangzhou Great Star Industrial Co Ltd reported trailing-twelve-month revenue of about 14.8B CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 002444?
The net profit margin of Hangzhou Great Star Industrial Co Ltd is about 17.4%, meaning it keeps roughly 17.4% of revenue as net income. Based on the latest reported figures.
Does Hangzhou Great Star Industrial Co Ltd pay a dividend?
Hangzhou Great Star Industrial Co Ltd currently shows a dividend yield of about 2.13% relative to its recent price (as of Aug 21, 2026).
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