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Shenzhen Center Power Tech Co Ltd (002733) Fair Value & Analysis

Industrials · CN · Market cap 14.0B CNY (≈ $2.1B) · ISIN CNE100002KH5

What is Shenzhen Center Power Tech Co Ltd really worth?

SC Shenzhen Center Power Tech Co Ltd 002733 · SHE
Price¥18.21
Fair Value¥4.36
Upside−76.1%
Quality60/100

A solid business, but trading 318% above our fair value of ¥4.36.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +6.4 %/yr)
!Thin margins · 2.2% net margin
!Trails peers (4/14)
!Narrow moat 31/100
!Weak on past: 12 out of 100
!Weak on dividend: 11 out of 100

For context

·0.55% dividend yield
Evidence: High Range ¥3.27 – ¥5.45

Fair value as of: Aug 27, 2026

From 26 valuation models · updated 9 days ago

Share price −0.3% 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 above even our optimistic bull case (¥5.45). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥37.73 ¥9.61 Fair Value ¥4.36 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range ¥9.61 – ¥37.73 · fair‑value band ¥3.27 – ¥5.45 · the ¥18.21 price screens above the ¥4.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Shenzhen Center Power Tech Co Ltd (002733) currently trades at ¥18.21, while our model-based Fair Value estimate is ¥4.36, implying the stock looks roughly 317.7% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of ¥11.96 per share, and 0 of the 26 models we run sit above the ¥18.21 price. Bear case: the Earnings-Based group reads lowest at ¥1.06, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Shenzhen Center Power Tech Co Ltd generated revenue of 3.6B CNY at a net margin of 2.2%. Revenue grew 18.4% year over year. It earns a return on equity of 3.1%. The balance sheet holds a net cash position of 361M CNY. Fundamentals as of Aug 27, 2026

Our scenario range runs from ¥3.27 (bear case) to ¥5.45 (bull case); at ¥18.21, the current price sits above 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 52% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −76%, 002733 screens richer 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 ¥0.0812 per share, which is 1.9 % 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 ¥9.98 ¥13.47 ¥18.60 81
Growth DCF ¥10.15 ¥13.32 ¥17.74 80
Owner Earnings ¥6.13 ¥7.71 ¥10.04 78
All 26 models by family
DCF Models
FCF DCF ¥9.98 ¥13.47 ¥18.60 81
Owner Earnings ¥6.13 ¥7.71 ¥10.04 78
5Y Revenue Exit ¥8.85 ¥11.89 ¥15.68 74
5Y EBITDA Exit ¥10.74 ¥15.34 ¥20.57 76
5Y P/E Exit ¥7.30 ¥9.07 ¥10.85 72
10Y Revenue Exit ¥9.04 ¥11.87 ¥15.47 68
10Y EBITDA Exit ¥10.40 ¥14.23 ¥19.11 69
10Y P/E Exit ¥8.22 ¥9.94 ¥11.88 65
Earnings-Based
Graham-Dodd ¥1.41 ¥3.80 ¥4.98 65
Lynch FV ¥0.7400 ¥1.06 ¥1.38 61
PEG = 1.0 ¥0.7400 ¥1.06 ¥1.38 57
EPV ¥7.69 ¥8.48 ¥9.18 74
Dividend Discount
Gordon GGM ¥1.53 ¥3.18 ¥5.05 66
DDM Multi-Stage ¥1.53 ¥2.38 ¥3.29 66
Multiples
P/E Multiple ¥3.27 ¥4.36 ¥5.45 63
P/S Multiple ¥2.65 ¥3.53 ¥4.41 58
P/B Multiple ¥2.65 ¥3.53 ¥4.41 55
EV/EBIT ¥10.77 ¥13.39 ¥16.00 66
EV/EBITDA ¥12.26 ¥15.37 ¥18.48 67
EV/Revenue ¥8.53 ¥10.93 ¥13.32 54
Asset-Based
NCAV (Graham) ¥3.53 ¥4.73 ¥7.05 54
Growth DCF
Growth DCF ¥10.15 ¥13.32 ¥17.74 80
Rev-Margin DCF ¥8.85 ¥11.96 ¥15.41 74
Economic Profit
Residual Income ¥5.15 ¥5.07 ¥4.34 76
ROIC Compounder ¥7.81 ¥9.03 ¥10.48 72
Growth Earnings
Growth-Adj P/E ¥2.58 ¥3.68 ¥4.78 67

Widest divergence: Growth DCF (¥11.96) versus Earnings-Based (¥1.06). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 165.9 as of Jun 16, 2026
P/S ratio 3.80 P/E × margin
EPS (TTM) ¥0.2200 price ÷ EPS = P/E 165.9
Dividend yield 0.5% payout 45.5%
Net margin 2.3% FY2025
Return on equity 3.1% TTM
More key figures
Profitability
Return on assets (EBIT) 1.6% avg 5y
Operating margin 6.8% TTM
Growth
Revenue (TTM) 3.6B CNY TTM
Revenue growth (YoY) +18.4% 3y avg −5.2%
EPS growth (YoY) +20.0%
Balance sheet & cash flow
Free cash flow 247M CNY FY2025
Net cash 361M CNY FY2024

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 30

Profitability 27
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 69
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 Center Power Tech. Co., Ltd engages in the research and development, production, and sales of valve-regulated sealed lead-acid batteries, lithium-ion batteries, and fuel cells in China. It offers lithium iron phosphate, lithium cobalt oxide, lithium manganese oxide, fuel cell system, fuel cell stack, and membrane electrode.

Full company description

Shenzhen Center Power Tech. Co., Ltd engages in the research and development, production, and sales of valve-regulated sealed lead-acid batteries, lithium-ion batteries, and fuel cells in China. It offers lithium iron phosphate, lithium cobalt oxide, lithium manganese oxide, fuel cell system, fuel cell stack, and membrane electrode. The company's products are used in communications, electric vehicles, energy storage, electricity, UPS, and IDC data centers. The company was founded in 1994 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 Center Power Tech Co Ltd reported revenue of 3.5B CNY in FY2025 versus 3.1B CNY in FY2021, a compound +2.8%/yr. Reported net income was 79.7M CNY in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.5B CNY
Latest YoY
−2.1%
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.
+6.4%
Avg. revenue growth/yr (21Y) 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.
+11.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−8.9% (−9.4 + 0.5)
Revenue +2.8%/yr
FY21 3.1B CNY
FY22 4.1B CNY
FY23 3.6B CNY
FY24 3.6B CNY
FY25 3.5B CNY
Net income
FY21 −422M CNY
FY22 159M CNY
FY23 139M CNY
FY24 97.1M CNY
FY25 79.7M CNY
Character of growth · EPS growth decomposed (2013-2024) −1.3 % p.a.
Revenue per share +3.1 %

of which total revenue +7.1 % · buybacks/dilution −3.8 %

EBIT margin −3.3 %
Tax rate −0.8 %
Residual (interest, one-offs) −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).

002733 screens 318% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Shenzhen Center Power Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002733

Peer Group

Electrical Equipment & Parts · 542 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 60 · Above median
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 18% · Above median
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 165.9× · Pricier than 75% of peers
P/B 5.17× · Pricier than 75% of peers
P/S (TTM) 3.90× · Pricier than median
P/FCF 8.5× · Pricier than median
EV/EBITDA 51.5× · 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
VALUE0 · sector 0
FUTURE92 · sector 56
PAST12 · sector 26
HEALTH97 · sector 97
DIVIDEND11 · sector 23

VALUE 0: the price sits above our fair-value range.

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 −40%
ABB Ltd ABBN CHF 80.10 CHF 28.70 −64%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD −86%
Vertiv Holdings VRT $257.08 $63.13 −75%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW −45%
Prysmian S.p.A PRY €117.10 €84.15 −28%
Legrand SA LR €139.65 €78.82 −44%
Sungrow Power Supply Co 300274 ¥86.40 ¥123.83 +43%
Hubbell Incorporated HUBB $443.31 $285.77 −36%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 −46%

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Frequently asked questions

Is Shenzhen Center Power Tech Co Ltd (002733) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of ¥4.36 versus a price of ¥18.21, about −76% upside (overvalued).
What is the fair value of 002733?
Our model-based fair value for Shenzhen Center Power Tech Co Ltd is ¥4.36 (as of Aug 27, 2026), built from audited fundamentals. The current price: ¥18.21.
What is the quality score of 002733?
Shenzhen Center Power Tech Co Ltd has a Quality Score of 60/100. 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 Center Power Tech Co Ltd (002733)?
Shenzhen Center Power Tech Co Ltd reported trailing-twelve-month revenue of about 3.6B CNY (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 002733?
The net profit margin of Shenzhen Center Power Tech Co Ltd is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Center Power Tech Co Ltd pay a dividend?
Shenzhen Center Power Tech Co Ltd currently shows a dividend yield of about 0.55% relative to its recent price (as of Aug 27, 2026).
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