Tianma Microelectronics Co Ltd (000050) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tianma Microelectronics Co Ltd stock ¥6.60, price ¥5.60, upside +17.9%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range ¥5.33 – ¥15.71 · fair‑value band ¥6.21 – ¥7.18 · the ¥5.60 price screens below the ¥6.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.
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Tianma Microelectronics Co., Ltd. designs, manufactures, and supplies display solutions and related support services worldwide.
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It offers professional displays, including industrial displays and monochromes; automotive displays, such as cluster, mirror, head up, landscape and portrait center information displays, smart car cockpit, and rear seat entertainment; and IT displays for tablet PC, monitor, and ultra book.
The company also provides smart mobile displays for smart phones and wearables. Tianma Microelectronics Co., Ltd. was founded in 1983 and is based in Shenzhen, China.
Stock analysis
Tianma Microelectronics Co Ltd (000050) currently trades at ¥5.60, while our model-based Fair Value estimate is ¥6.60, implying the stock looks roughly 15% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥20.11 per share, and 14 of the 23 models we run sit above the ¥5.60 price.
Bear case: the Earnings-Based group reads lowest at ¥1.20, and 9 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥6.21 (bear) to ¥7.18 (bull), the price of ¥5.60 sits below 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.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tianma Microelectronics Co Ltd reported revenue of 36.2B CNY in FY2025 versus 33.8B CNY in FY2021, a compound +1.7%/yr. Reported net income was 167M CNY in FY2025.
Key figures
Market cap 13.7B CNY (≈ $2.1B) Mid · P/S ratio 0.37 · EPS (TTM) ¥−0.5800 · Dividend yield 6.7% · Net margin −4.0% · Return on equity −5.1% · Return on assets (EBIT) −0.4% (5-year average) · Operating margin 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).
What moves the price
The share trades about 48% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 5% fair-value upside, at 18%, 000050 screens cheaper than that median.
Fair Value models
Bear¥6.21Fair Value ¥6.60Bull¥7.18
Price ¥5.60 · Upside +17.9%
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.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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+8.0%
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.
+4.8%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: +13.1% a year
Revenue growth 36 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.
+10.2%
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What shareholders gained per year (last 5 years) ⓘ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.
−27.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.9%
Dividend (yield on the price)6.7%
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.−33.9% vs −17.9%, 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.6% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−11.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −13.1% a year for the price.
Compare Tianma Microelectronics Co Ltd with another stock
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.Consumer Electronics · 114 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+17.9% · Above median
Profitability
Return on assets0.3% · Below median
Net margin (12 months)−5.4% · Bottom 25%
Operating margin (12 months)7.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)−5.8% · Below median
Dividend yield (12 months)6.7% · Top 25%
Balance sheet
Debt / equity0.62× · Highest 25%
Valuation Multiplesvs Consumer Electronics median · lower = cheaper
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). "Tianma Microelectronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000050
Frequently asked questions
Is Tianma Microelectronics Co Ltd (000050) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥6.60 versus a price of ¥5.60, about +18% upside (undervalued).
What is the fair value of 000050?
Our model-based fair value for Tianma Microelectronics Co Ltd is ¥6.60 (as of Nov 3, 2026), built from audited fundamentals. The current price: ¥5.60.
What is the quality score of 000050?
Tianma Microelectronics 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 Tianma Microelectronics Co Ltd (000050)?
Our model-based price target is the fair value of ¥6.60 (as of Nov 3, 2026) from 24 valuation models. Cautious scenario ¥6.21, optimistic scenario ¥7.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Tianma Microelectronics Co Ltd stock forecast for 2026?
Our models put fair value at ¥6.60, about +18% upside versus a price of ¥5.60 (undervalued). Cautious scenario ¥6.21, optimistic scenario ¥7.18. The calculation is refreshed regularly with new filings.
What is the revenue of Tianma Microelectronics Co Ltd (000050)?
Tianma Microelectronics Co Ltd reported trailing-twelve-month revenue of about 34.9B CNY (latest available figure, as of Nov 3, 2026).
Does Tianma Microelectronics Co Ltd pay a dividend?
Tianma Microelectronics Co Ltd currently shows a dividend yield of 6.73% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Tianma Microelectronics Co Ltd (000050)?
Tianma Microelectronics Co Ltd has a dividend yield of 6.7%.
What growth is priced into Tianma Microelectronics Co Ltd (000050)?
For today's price to be fair in a discounted-cash-flow model, Tianma Microelectronics Co Ltd would have to grow free cash flow by -11.6 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 000050 use?
Our models discount Tianma Microelectronics Co Ltd at 10.9 %: a base by market capitalisation (small), damped by beta 0.65, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tianma Microelectronics Co Ltd that is -11.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Tianma Microelectronics Co Ltd (000050) delivered so far?
Over the past 5 years revenue at Tianma Microelectronics Co Ltd grew +4.4 % a year. The price currently implies free-cash-flow growth of -11.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tianma Microelectronics Co Ltd (000050) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Tianma Microelectronics Co Ltd (-11.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tianma Microelectronics Co Ltd (000050)?
The free-cash-flow yield on the price is 34.45 %: that much free cash flow Tianma Microelectronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tianma Microelectronics Co Ltd (000050)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tianma Microelectronics Co Ltd it is ¥6.60 per share (as of Nov 3, 2026), against a price of ¥5.60. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tianma Microelectronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 000050 trades below its calculated fair value: price ¥5.60, fair value ¥6.60, a gap of about +18% (undervalued). 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 000050?
No. The price is what the market pays today (¥5.60); the fair value is what the company's own numbers justify (¥6.60). For Tianma Microelectronics Co Ltd the two are ¥1.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tianma Microelectronics Co Ltd worth?
The market values Tianma Microelectronics Co Ltd at about 13.7B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥5.60; our models calculate a fair value of ¥6.60 per share.
What do the bullish and bearish scenarios say about 000050?
Our models span a range for Tianma Microelectronics Co Ltd: cautious scenario ¥6.21, base ¥6.60, optimistic ¥7.18 per share (as of Nov 3, 2026, price ¥5.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 000050?
The PEG ratio of Tianma Microelectronics Co Ltd is 4.80 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Tianma Microelectronics Co Ltd (000050)?
Balance-sheet figures for Tianma Microelectronics Co Ltd (as of Nov 3, 2026): return on equity −5.1%, debt of 0.62 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 000050 from its 52-week high?
Tianma Microelectronics Co Ltd trades at ¥5.60, about 48% below its 52-week high of ¥10.72 and 5% above the low of ¥5.33 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.60 is for.
Which stocks are comparable to Tianma Microelectronics Co Ltd?
From the same area (Technology) we also value Samsung Electronics Co, Sony Group, Xiaomi Corporation, LG Electronics 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 Tianma Microelectronics Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price ¥5.60, calculated fair value ¥6.60 (+18%), 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 000050 calculated?
We run Tianma Microelectronics Co Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥6.60 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Tianma Microelectronics Co Ltd currently trades 15% below its own fair value, and the market average says nothing about that. 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 Tianma Microelectronics Co Ltd (000050)?
The closing price on Nov 6, 2026 was ¥5.60. Our model-based fair value is ¥6.60, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tianma Microelectronics Co Ltd right now?
The price is below even our cautious bear case (¥6.21). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Tianma Microelectronics Co Ltd
How large is the market capitalisation of Tianma Microelectronics Co Ltd (000050)?
The market capitalisation of Tianma Microelectronics Co Ltd is 13.7B CNY (≈ $2.1B). 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 Tianma Microelectronics Co Ltd (000050)?
The price-to-sales ratio of Tianma Microelectronics Co Ltd is 0.37 (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 Tianma Microelectronics Co Ltd (000050)?
Earnings per share at Tianma Microelectronics Co Ltd are ¥−0.5800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tianma Microelectronics Co Ltd (000050)?
The dividend yield of Tianma Microelectronics Co Ltd is 6.7%. 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 Tianma Microelectronics Co Ltd (000050)?
The net margin of Tianma Microelectronics Co Ltd is −4.0% (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 Tianma Microelectronics Co Ltd (000050)?
The return on equity (ROE) of Tianma Microelectronics Co Ltd is −5.1% (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 Tianma Microelectronics Co Ltd (000050)?
On an EBIT basis the return on assets of Tianma Microelectronics Co Ltd is −0.4% (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 Tianma Microelectronics Co Ltd (000050)?
The operating margin of Tianma Microelectronics Co Ltd is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tianma Microelectronics Co Ltd (000050)?
Revenue at Tianma Microelectronics Co Ltd is growing −5.8% versus a year earlier (3y avg +4.8%). 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 Tianma Microelectronics Co Ltd (000050)?
Earnings per share at Tianma Microelectronics Co Ltd are growing +539% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tianma Microelectronics Co Ltd (000050) carry?
The net debt of Tianma Microelectronics Co Ltd is 12.5B CNY (fiscal year 2025, ≈ 2.6 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 3, 2026