
Costar Group Co., Ltd. (002189.SZ)
ValueMarkers Composite Index
DCF data not available
Costar Group Co., Ltd. (002189.SZ) — VMCI valuation read
Headline read on 002189.SZ: VMCI of 31/100 versus a Technology sector median of 50. The 19-point below-median position is what makes Costar Group Co., Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.
Form 4 filings on 002189.SZ: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.
**Investor frame.** Three reads on 002189.SZ: value (002189.SZ trades at 15.0x earnings, 17% below the Technology median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of 2.0x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.
002189.SZ rose 3.0% over the trailing 7 days, with a -1.3% read on a 30-day basis.
Costar Group Co., Ltd. develops, manufactures, sells, and services optical components and parts in China. It provides various shape and special material optical lens; optical prisms for use in light engine for advanced LCDs, DLPs, and LCOS displays, as well as DVD series prisms and dichroic mirrors; and special type components, such as high-precision optical components for large-diameter super-smooth optical plano-surface and super-smooth optical spherical-surface, as well as high-power laser optical components, aspherical, infrared components, coating products, etc. The company also designs and manufactures various lens assembly, projection lens, monitoring lens, fingerprint device lens, fixed focus projection lens, and zoom projection lens; light engines, including DLP, portable LED, minisize LED embedded type, single and three panel LCOS, large type three-DLP, and laser light engines; and optical auxiliary materials. In addition, it provides mechanical parts; photoresistance cells; and single piece or glued optical low pass filter products used in digital cameras, monitoring systems, digital vidicon, etc. Costar Group Co., Ltd. exports its products to Japan, the United States, Germany, South Korea, Hong Kong, and Taiwan. The company was formerly known as Lida Optical and Electronic Co., Ltd. and changed its name to Costar Group Co., Ltd. in 2019. Costar Group Co., Ltd. was founded in 1995 and is based in Nanyang, China.
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