Lingyi iTech (Guangdong) stock: fair value
002600.SZThe fair value of Lingyi iTech (Guangdong) under our model is $0.98, the price is 76% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $0.70 and expensive above $1.63 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $0.56 (cash-flow model) and $1.39 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 9.8%. At 10.8% the fair value would be $0.94, at 8.8% it would be $1.03.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (31.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.3%. Discounted at 9.8% (government bond yield 2.3% plus beta 1.45 times a risk premium of 5.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $0.56 per share: free cash flow for the next ten years, each year discounted to today at 9.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.8%) |
|---|---|---|---|---|
| 2026 | $183.26M | extrapolated at 35.3% | 0.9109 | $166.93M |
| 2027 | $229.76M | extrapolated at 25.4% | 0.8297 | $190.64M |
| 2028 | $272.17M | extrapolated at 18.5% | 0.7558 | $205.7M |
| 2029 | $309.21M | extrapolated at 13.6% | 0.6884 | $212.87M |
| 2030 | $340.82M | extrapolated at 10.2% | 0.6271 | $213.72M |
| 2031 | $367.57M | extrapolated at 7.9% | 0.5712 | $209.95M |
| 2032 | $390.31M | extrapolated at 6.2% | 0.5203 | $203.07M |
| 2033 | $409.92M | extrapolated at 5.0% | 0.4739 | $194.27M |
| 2034 | $427.17M | extrapolated at 4.2% | 0.4317 | $184.4M |
| 2035 | $442.72M | extrapolated at 3.6% | 0.3932 | $174.08M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.96B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (9.8% − 2.3%) | $6.06B |
| Present value of terminal value (× 0.3932) | $2.38B |
| Equity value (sum plus present value of terminal value) | $4.34B |
| Shares (diluted) | 7.69B |
| Value per share (equity value divided by shares) | $0.56 |
| Earnings per share, last twelve months | $0.04 |
| × 31.5 (industry P/E) | $1.39 |
| Fair value (average of both parts) | $0.98 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 10 Jul 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.