Fibocom Wireless Inc (300638) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fibocom Wireless Inc stock ¥17.54, price ¥20.12, that is 12.8% below the price, quality 34 out of 100. Rating: overvalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
60‑month range ¥9.94 – ¥41.02 · fair‑value band ¥11.82 – ¥21.81 · the ¥20.12 price screens above the ¥17.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Fibocom Wireless Inc., together with its subsidiaries, provides wireless communication modules and artificial intelligence solutions in China and internationally.
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It offers wireless communication products, including 5G, LTE, smart, and Wi-Fi modules; AI and robot solutions, such as embodied intelligent development platform, mobile robotics, and lawn mowing robot; and intelligent vehicle comprising smart connectivity, smart cockpit, and software solutions.
The company also engages in trading; market expansion; investment activities; and in-vehicle and cloud services. Its products are used in robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy industries.
The company was founded in 1999 and is headquartered in Shenzhen, China.
Stock analysis
Fibocom Wireless Inc (300638) currently trades at ¥20.12, while our model-based Fair Value estimate is ¥17.54, 13% 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 ¥22.70 per share, and 6 of the 26 models we run sit above the ¥20.12 price.
Bear case: the Asset-Based group reads lowest at ¥6.30, and 20 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥11.82 (bear) to ¥21.81 (bull), the price of ¥20.12 sits inside 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 34/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Fibocom Wireless Inc reported revenue of 7.0B CNY in FY2025 versus 4.1B CNY in FY2021, a compound +14.2%/yr. Reported net income was 347M CNY in FY2025, compounding −3.6%/yr from FY2021.
Key figures
Market cap 18.1B CNY (≈ $2.7B) Mid · P/E ratio 88.6 · P/S ratio 2.39 · EPS (TTM) ¥0.2200 · Dividend yield 1.2% · Net margin 2.7% · Return on equity 4.6% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −13%, 300638 screens cheaper than that median.
Fair Value models
Bear¥11.82Fair Value ¥17.54Bull¥21.81
Price ¥20.12 · Downside -12.8%
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.
Best data coverage
FCF DCF¥7.90¥9.79¥15.6880
Growth DCF¥7.69¥10.66¥15.4679
Owner Earnings¥6.20¥8.37¥12.7876
All 26 models by family
DCF Models
FCF DCF¥7.90¥9.79¥15.6880
Owner Earnings¥6.20¥8.37¥12.7876
5Y Revenue Exit¥9.00¥12.84¥20.9171
5Y EBITDA Exit¥12.23¥19.37¥33.4173
5Y P/E Exit¥12.47¥23.92¥39.7768
10Y Revenue Exit¥8.54¥14.57¥18.7567
10Y EBITDA Exit¥11.05¥21.38¥40.0965
10Y P/E Exit¥11.22¥21.90¥40.0261
Earnings-Based
Graham-Dodd¥3.09¥21.56¥30.2563
Lynch FV¥10.96¥15.66¥20.3661
PEG = 1.0¥10.96¥15.66¥20.3657
EPV¥8.50¥9.15¥9.7174
Dividend Discount
Gordon GGM¥3.51¥7.02¥10.6766
DDM Multi-Stage¥3.51¥6.06¥7.4167
Multiples
P/E Multiple¥9.55¥12.73¥15.9163
P/S Multiple¥5.80¥7.73¥9.6658
P/B Multiple¥34.40¥45.86¥57.3355
EV/EBIT¥9.27¥12.25¥15.2466
EV/EBITDA¥9.54¥12.61¥15.6867
EV/Revenue¥4.85¥6.79¥8.7354
Asset-Based
NCAV (Graham)¥4.16¥6.30¥7.8854
Growth DCF
Growth DCF¥7.69¥10.66¥15.4679
Rev-Margin DCF¥9.50¥14.04¥23.4971
Economic Profit
Residual Income¥6.37¥6.55¥6.9776
ROIC Compounder¥8.91¥10.64¥12.3072
Growth Earnings
Growth-Adj P/E¥15.89¥22.70¥29.5167
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−14.7%
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.
+7.4%
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.
+20.6%
Start year 2020 (pandemic). Over 10 years: +35.9% a year
Revenue growth 13 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.
+37.0%
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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.
+1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)1.2%
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.0.1% vs 18.6%, 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% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+45.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +42.9% a year for the price.
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.Communication Equipment · 302 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−12.8% · Above median
Profitability
Return on equity (12 months)4.6% · Below median
Return on assets3.6% · Above median
Net margin (12 months)2.7% · Below median
Operating margin (12 months)3.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)30.4% · Above median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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Is Fibocom Wireless Inc (300638) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥17.54 versus a price of ¥20.12, about 13% lower (overvalued).
What is the fair value of 300638?
Our model-based fair value for Fibocom Wireless Inc is ¥17.54 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥20.12.
What is the quality score of 300638?
Fibocom Wireless Inc has a Quality Score of 34/100. 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 Fibocom Wireless Inc (300638)?
Our model-based price target is the fair value of ¥17.54 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario ¥11.82, optimistic scenario ¥21.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Fibocom Wireless Inc stock forecast for 2026?
Our models put fair value at ¥17.54, about 13% lower versus a price of ¥20.12 (overvalued). Cautious scenario ¥11.82, optimistic scenario ¥21.81. The calculation is refreshed regularly with new filings.
What is the revenue of Fibocom Wireless Inc (300638)?
Fibocom Wireless Inc reported trailing-twelve-month revenue of about 7.6B CNY (latest available figure, as of Nov 5, 2026).
Does Fibocom Wireless Inc pay a dividend?
Fibocom Wireless Inc currently shows a dividend yield of 1.16% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Fibocom Wireless Inc (300638) and when is the ex-dividend date?
Fibocom Wireless Inc pays a dividend of ¥0.234 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Jun 9, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 106% of earnings. Free cash flow covers the dividend 0.76 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Fibocom Wireless Inc (300638)?
For today's price to be fair in a discounted-cash-flow model, Fibocom Wireless Inc would have to grow free cash flow by +45.3 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.6 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 300638 use?
Our models discount Fibocom Wireless Inc at 9.5 %: a base by market capitalisation (mid), damped by beta 0.63, 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 Fibocom Wireless Inc that is +45.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Fibocom Wireless Inc (300638) delivered so far?
Over the past 5 years revenue at Fibocom Wireless Inc grew +20.6 % a year. The price currently implies free-cash-flow growth of +45.3 % 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 Fibocom Wireless Inc (300638) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Fibocom Wireless Inc (+45.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fibocom Wireless Inc (300638)?
The free-cash-flow yield on the price is 0.75 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Fibocom Wireless Inc produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fibocom Wireless Inc (300638)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fibocom Wireless Inc it is ¥17.54 per share (as of Nov 5, 2026), against a price of ¥20.12. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Fibocom Wireless Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 300638 trades above its calculated fair value: price ¥20.12, fair value ¥17.54, a gap of about −13% (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 300638?
No. The price is what the market pays today (¥20.12); the fair value is what the company's own numbers justify (¥17.54). For Fibocom Wireless Inc the two are ¥2.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fibocom Wireless Inc worth?
The market values Fibocom Wireless Inc at about 18.1B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥20.12; our models calculate a fair value of ¥17.54 per share.
What do the bullish and bearish scenarios say about 300638?
Our models span a range for Fibocom Wireless Inc: cautious scenario ¥11.82, base ¥17.54, optimistic ¥21.81 per share (as of Nov 5, 2026, price ¥20.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300638?
Fibocom Wireless Inc trades at a price-to-earnings ratio of 88.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥17.54 is built from several models across several years. Other multiples: P/B 2.9, P/S 2.4, EV/EBITDA 92.1.
How solid is the balance sheet of Fibocom Wireless Inc (300638)?
Balance-sheet figures for Fibocom Wireless Inc (as of Nov 5, 2026): return on equity 4.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 300638 from its 52-week high?
Fibocom Wireless Inc trades at ¥20.12, about 44% below its 52-week high of ¥35.61 and 21% above the low of ¥16.66 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥17.54 is for.
Which stocks are comparable to Fibocom Wireless Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Fibocom Wireless Inc stock attractive at the current price?
The data as of Nov 5, 2026: price ¥20.12, calculated fair value ¥17.54 (−13%), Quality Score 34/100, from 26 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 300638 calculated?
We run Fibocom Wireless Inc through 26 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 ¥17.54 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 13.0% above its aggregate fair value. Fibocom Wireless Inc 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 Fibocom Wireless Inc (300638)?
The closing price on Nov 6, 2026 was ¥20.12. Our model-based fair value is ¥17.54, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fibocom Wireless Inc right now?
A fairly wide model range (¥11.82 to ¥21.81) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Fibocom Wireless Inc (300638) come from?
Earnings per share at Fibocom Wireless Inc grew +35.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share +38.7 %, EBIT margin −1.5 %, tax rate +1.2 %, residual (interest, one-offs) −1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Fibocom Wireless Inc
How large is the market capitalisation of Fibocom Wireless Inc (300638)?
The market capitalisation of Fibocom Wireless Inc is 18.1B CNY (≈ $2.7B). 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 Fibocom Wireless Inc (300638)?
The price-to-sales ratio of Fibocom Wireless Inc is 2.39 (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 Fibocom Wireless Inc (300638)?
Earnings per share at Fibocom Wireless Inc are ¥0.2200 (price ÷ EPS = P/E 88.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fibocom Wireless Inc (300638)?
The dividend yield of Fibocom Wireless Inc is 1.2% (payout 106%). 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 Fibocom Wireless Inc (300638)?
The net margin of Fibocom Wireless Inc is 2.7% (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 Fibocom Wireless Inc (300638)?
The return on equity (ROE) of Fibocom Wireless Inc is 4.6% (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 Fibocom Wireless Inc (300638)?
On an EBIT basis the return on assets of Fibocom Wireless Inc is 7.4% (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 Fibocom Wireless Inc (300638)?
The operating margin of Fibocom Wireless Inc is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fibocom Wireless Inc (300638)?
Revenue at Fibocom Wireless Inc is growing +30.4% versus a year earlier (3y avg +7.4%). 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 Fibocom Wireless Inc (300638)?
Earnings per share at Fibocom Wireless Inc are growing −0.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Fibocom Wireless Inc (300638) hold?
Fibocom Wireless Inc holds more cash than debt, 247M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Some data
Nov 5, 2026