Iflytek Co Ltd (002230) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Iflytek Co Ltd stock ¥9.78, price ¥39.15, that is 75.0% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ¥30.84 – ¥80.13 · fair‑value band ¥5.33 – ¥12.23 · the ¥39.15 price screens above the ¥9.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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iFLYTEK CO.,LTD, together with its subsidiaries, provides intelligent speech and technology solutions and services in China and internationally.
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The company offers smart recorder, translator, voicebook, dictionary pen, space products, and microphones; AINOTE, a voice transcription device; Spark Trans, a multilingual simultaneous interpreting system; Deepting, an AI-powered transcription tool; and global Chinese learning platform and AI + marketing solutions.
It also provides intelligent application systems; software for voice and speech recognition and conversion; computer software design and programming services; technical research in the field of computer software; advertising; online trading; marketing; and computer database information system through platform and website.
In addition, the company offers telecommunication services, including wireless telephone services, wireless telephony and wireless broadband communications services, and consulting services for transmission of voice, data, and documents via telecommunications networks.
Further, it is involved in education and training; software development; installation engineering; system integration; data processing and storage support; cultural and artistic services; rental business; investment activities; childcare; insurance; provision of internet data and network services; AI application; and industrial robot manufacturing.
The company was formerly known as Anhui USTC iFLYTEK Co., Ltd. and changed its name to iFLYTEK CO.,LTD in April 2014. iFLYTEK CO.,LTD was founded in 1999 and is headquartered in Hefei, China.
Stock analysis
Iflytek Co Ltd (002230) currently trades at ¥39.15, while our model-based Fair Value estimate is ¥9.78, 75% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥14.12 per share, and 0 of the 24 models we run sit above the ¥39.15 price.
Bear case: the Growth DCF group reads lowest at ¥2.44, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥5.33 (bear) to ¥12.23 (bull), the price of ¥39.15 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Iflytek Co Ltd reported revenue of 27.1B CNY in FY2025 versus 18.3B CNY in FY2021, a compound +10.3%/yr. Reported net income was 839M CNY in FY2025, compounding −14.3%/yr from FY2021.
Key figures
Market cap 90.5B CNY (≈ $13.6B) Large · P/E ratio 97.9 · P/S ratio 3.20 · EPS (TTM) ¥0.4000 · Dividend yield 0.3% · Net margin 3.3% · Return on equity 4.3% · Return on assets (EBIT) 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −75%, 002230 screens richer than that median.
Fair Value models
Bear¥5.33Fair Value ¥9.78Bull¥12.23
Price ¥39.15 · Downside -75.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.2548 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.8%
Start year 2020 (pandemic). Over 10 years: +26.9% a year
Revenue growth 20 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+33.7%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−14.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.3%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.9% vs 4.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 6%
2025 sits 50% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (4 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
AI conclusion: Strong growth in education and healthcare lines stands against persistent margin pressure from heavy R&D spending in its independent AI path.
Main risk: Large language models from rivals such as ByteDance could bypass iFlytek's speech recognition advantage through semantic understanding, reducing demand for core voice products and squeezing margins in input methods.
Bull case: iFlytek could leverage its Spark models, vertical integration in education and healthcare, and full domestic computing stack to deliver secure, industry-specific solutions that generalist LLMs struggle to match, strengthening its ecosystem position.
Bear case: If generative AI commoditises voice capabilities and sanctions sustain chip disadvantages, iFlytek's core offerings could lose relevance in key markets while development delays erode competitiveness against domestic rivals.
iFlytek keeps pouring resources into its independent AI technology path, with third-quarter R&D topping 25 percent of revenue and producing a non-GAAP loss despite higher reported profits. Education and healthcare lines grew over 20 percent while government revenue slipped. Does the upcoming cloud-plus-device Spark model and domestic computing focus deliver stronger long-term ecosystem gains than the ongoing margin pressure?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Application · 632 stocks
Beats the industry median on 1/13 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside−75.0% · Bottom 25%
Profitability
Return on equity (12 months)4.3% · Below median
Return on assets1.9% · Below median
Net margin (12 months)3.3% · Below median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)8.0% · Above median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)97.9× · Priciest 25%
P/B4.82× · Priciest 25%
P/S (12 months)3.20× · Pricier than median
PEG3.57× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)40· sector 40
PAST (return on equity)17· sector 20
HEALTH (low debt)91· sector 98
DIVIDEND (yield)5· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Iflytek Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002230
Frequently asked questions
Is Iflytek Co Ltd (002230) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of ¥9.78 versus a price of ¥39.15, about 75% lower (overvalued).
What is the fair value of 002230?
Our model-based fair value for Iflytek Co Ltd is ¥9.78 (as of Nov 2, 2026), built from audited fundamentals. The current price: ¥39.15.
What is the quality score of 002230?
Iflytek Co Ltd has a Quality Score of 56/100. 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 price target for Iflytek Co Ltd (002230)?
Our model-based price target is the fair value of ¥9.78 (as of Nov 2, 2026) from 24 valuation models. Cautious scenario ¥5.33, optimistic scenario ¥12.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Iflytek Co Ltd stock forecast for 2026?
Our models put fair value at ¥9.78, about 75% lower versus a price of ¥39.15 (overvalued). Cautious scenario ¥5.33, optimistic scenario ¥12.23. The calculation is refreshed regularly with new filings.
What is the revenue of Iflytek Co Ltd (002230)?
Iflytek Co Ltd reported trailing-twelve-month revenue of about 28.3B CNY (latest available figure, as of Nov 2, 2026).
Does Iflytek Co Ltd pay a dividend?
Iflytek Co Ltd currently shows a dividend yield of 0.26% relative to its recent price (as of Nov 2, 2026).
What is the intrinsic value of Iflytek Co Ltd (002230)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iflytek Co Ltd it is ¥9.78 per share (as of Nov 2, 2026), against a price of ¥39.15. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Iflytek Co Ltd stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 002230 trades above its calculated fair value: price ¥39.15, fair value ¥9.78, a gap of about −75% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002230?
No. The price is what the market pays today (¥39.15); the fair value is what the company's own numbers justify (¥9.78). For Iflytek Co Ltd the two are ¥29.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is Iflytek Co Ltd worth?
The market values Iflytek Co Ltd at about 90.5B CNY (market capitalisation, as of Nov 2, 2026). Per share that is ¥39.15; our models calculate a fair value of ¥9.78 per share.
What do the bullish and bearish scenarios say about 002230?
Our models span a range for Iflytek Co Ltd: cautious scenario ¥5.33, base ¥9.78, optimistic ¥12.23 per share (as of Nov 2, 2026, price ¥39.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002230?
Iflytek Co Ltd trades at a price-to-earnings ratio of 97.9 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥9.78 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 115.4. Other multiples: PEG 3.6, P/B 4.8, P/S 3.2.
What is the PEG ratio of 002230?
The PEG ratio of Iflytek Co Ltd is 3.57 (P/E divided by earnings growth, as of Nov 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Iflytek Co Ltd (002230)?
Balance-sheet figures for Iflytek Co Ltd (as of Nov 2, 2026): return on equity 4.3%, debt of 0.19 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 002230 from its 52-week high?
Iflytek Co Ltd trades at ¥39.15, about 38% below its 52-week high of ¥63.55 and 9% above the low of ¥36.00 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥9.78 is for.
Which stocks are comparable to Iflytek Co Ltd?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Iflytek Co Ltd stock attractive at the current price?
The data as of Nov 2, 2026: price ¥39.15, calculated fair value ¥9.78 (−75%), Quality Score 56/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002230 calculated?
We run Iflytek Co Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥9.78, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Iflytek Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Iflytek Co Ltd (002230)?
The closing price on Nov 5, 2026 was ¥39.15. Our model-based fair value is ¥9.78, about 75% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iflytek Co Ltd right now?
The price sits above even our optimistic bull case (¥12.23). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥5.33 to ¥12.23) leaves room in how you read the outcome.
Key figures of Iflytek Co Ltd
How large is the market capitalisation of Iflytek Co Ltd (002230)?
The market capitalisation of Iflytek Co Ltd is 90.5B CNY (≈ $13.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Iflytek Co Ltd (002230)?
The price-to-sales ratio of Iflytek Co Ltd is 3.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Iflytek Co Ltd (002230)?
Earnings per share at Iflytek Co Ltd are ¥0.4000 (price ÷ EPS = P/E 97.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Iflytek Co Ltd (002230)?
The dividend yield of Iflytek Co Ltd is 0.3% (payout 25.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Iflytek Co Ltd (002230)?
The net margin of Iflytek Co Ltd is 3.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Iflytek Co Ltd (002230)?
The return on equity (ROE) of Iflytek Co Ltd is 4.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Iflytek Co Ltd (002230)?
On an EBIT basis the return on assets of Iflytek Co Ltd is 2.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Iflytek Co Ltd (002230)?
The operating margin of Iflytek Co Ltd is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iflytek Co Ltd (002230)?
Revenue at Iflytek Co Ltd is growing +8.0% versus a year earlier (3y avg +12.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Iflytek Co Ltd (002230)?
Earnings per share at Iflytek Co Ltd are growing +29.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Iflytek Co Ltd (002230) generate?
The free cash flow of Iflytek Co Ltd is 57.5M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Iflytek Co Ltd (002230) carry?
The net debt of Iflytek Co Ltd is 2.2B CNY (fiscal year 2025, ≈ 38.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 2, 2026