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Data-driven stock valuation

MEIG (3268) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of MEIG stock HK$5.84, price HK$16.35, that is 64.3% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

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Technology HK · Based in China

M MEIG logo Some data Nov 6, 2026

MEIG

3268 · HK
Weakest Setup

Our calculation puts a fair price 64% below what the stock costs today.

Low debt
Ranks above peers (9/13)
Last quarter vs. a year ago: revenue +61%, profit +146%.
Quality 40/100
Expensive Growth (revenue 3y +17.6 %/yr in CNY)
Thin margins · 4.9% net margin (TTM)
0.7% dividend yield · Token dividend
Some data
Fair value HK$5.84 · Strongly overvalued
Negative free cash flow
Narrow moat 41/100 · thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$29.39 HK$14.45 Fair Value HK$5.84 Mar 2026 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

8‑month range HK$14.45 – HK$29.39 · fair‑value band HK$4.46 – HK$10.72 · the HK$16.35 price screens above the HK$5.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

MeiG Smart Technology Co., Ltd. engages in the research and development, production, and sale of wireless communication modules and Internet of Things solutions in China and internationally.

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Its products include 5G smart, 5G and 4G LTE, AI computing, automotive, smart, LPWA, and GNSS modules; and wireless data solutions for use in smart positioning and tracking, payment methods for retailers, blind spot monitoring driving, logistics, and alarm and gas alarm solutions in energy sectors.

MeiG Smart Technology Co., Ltd. was formerly known as Shenzhen MeiG Smart Technology Co., Ltd and changed its name to MeiG Smart Technology Co., Ltd. in December 2017. The company was incorporated in 2007 and is headquartered in Shenzhen, China.

Stock analysis

MEIG (3268) currently trades at HK$16.35, while our model-based Fair Value estimate is HK$5.84, 64% 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 HK$19.40 per share, and 3 of the 17 models we run sit above the HK$16.35 price.

Bear case: the Dividend Discount group reads lowest at HK$2.24, and 14 of the 17 models stay below the price. Data coverage for this calculation is medium.

Scenario range: HK$4.46 (bear) to HK$10.72 (bull), the price of HK$16.35 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 40/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

MEIG reported revenue of 3.7B CNY in FY2025 versus 2.0B CNY in FY2021, a compound +17.5%/yr. Reported net income was 143M CNY in FY2025, compounding +4.8%/yr from FY2021.

Key figures

Market cap HK$4.9B (≈ $630M) Small · P/E ratio 18.8 · P/S ratio 0.72 · EPS (TTM) HK$0.4045 · Dividend yield 0.7% · Net margin 3.8% · Return on equity 9.5% · Return on assets (EBIT) 6.8% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).

What moves the price

For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −64%, 3268 screens richer than that median.

Fair Value models

Bear HK$4.46 Fair Value HK$5.84 Bull HK$10.72
Price HK$16.35 · Downside -64.3%
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 (HK$0.2462 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.
Best data coverage
Residual Income HK$5.26 HK$5.55 HK$6.18 73
EPV HK$5.35 HK$5.96 HK$6.46 71
Owner Earnings HK$3.81 HK$6.88 HK$12.61 70
All 17 models by family
DCF Models
Owner Earnings HK$3.81 HK$6.88 HK$12.61 70
Earnings-Based
Graham-Dodd HK$3.77 HK$26.31 HK$36.92 60
Lynch FV HK$9.20 HK$13.14 HK$17.08 58
PEG = 1.0 HK$9.20 HK$13.14 HK$17.08 55
EPV HK$5.35 HK$5.96 HK$6.46 71
Dividend Discount
Gordon GGM HK$1.29 HK$2.34 HK$3.25 65
DDM Multi-Stage HK$1.29 HK$2.13 HK$2.50 64
Multiples
P/E Multiple HK$11.65 HK$15.54 HK$19.42 63
P/S Multiple HK$7.07 HK$9.43 HK$11.79 58
P/B Multiple HK$27.70 HK$36.93 HK$46.17 55
EV/EBIT HK$12.04 HK$16.14 HK$20.25 66
EV/EBITDA HK$11.64 HK$15.61 HK$19.59 67
EV/Revenue HK$5.94 HK$8.61 HK$11.28 53
Asset-Based
NCAV (Graham) HK$3.10 HK$4.69 HK$5.87 54
Economic Profit
Residual Income HK$5.26 HK$5.55 HK$6.18 73
ROIC Compounder HK$5.35 HK$5.96 HK$6.46 69
Growth Earnings
Growth-Adj P/E HK$13.58 HK$19.40 HK$25.23 65

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 47
How much profit the company makes from its sales and capital
Quality Growth 63
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 82
Debt, balance sheet and risk of trouble
Investment 34
Does it invest with discipline instead of growing at any price?
Low Volatility 43
How calm the share price moves, does not count
Price momentum 22
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 16
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.4%
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.
+17.6%
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.
+2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.1%
Dividend (yield on the price)0.7%
Profit margin 2021 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.7% → 5%

3268 screens overvalued: fair value 64% below the price. Compare with Cisco Systems, Inc →

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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 · 300 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −64.3% · Below median
Profitability
Return on equity (12 months) 9.5% · Above median
Return on assets 4.8% · Above median
Net margin (12 months) 4.9% · Above median
Operating margin (12 months) 10.2% · Above median
Growth and dividend
Revenue growth (quarter YoY) 60.7% · Top 25%
Dividend yield (12 months) 0.7% · Below median
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Communication Equipment median · lower = cheaper

P/E (12 months) 18.8× · Cheaper than median
P/B 2.47× · Pricier than median
P/S (12 months) 0.94× · Cheaper than median
EV/EBITDA 11.2× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 57
PAST (return on equity)38 · sector 21
HEALTH (low debt)98 · sector 98
DIVIDEND (yield)14 · sector 25

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cisco Systems, Inc CSCO $93.85 $103.24 +10% vs 3268
Ubiquiti Inc UI $592.84 $652.12 +10% vs 3268
Eoptolink Technology Inc 300502 ¥176.00 ¥189.31 +8% vs 3268
Zhongji Innolight Co 300308 ¥452.03 ¥342.18 −24% vs 3268
Nokia Oyj NOKIA €6.98 €3.87 −45% vs 3268
Motorola Solutions, Inc MSI $514.51 $249.63 −51% vs 3268
Foxconn Industrial Internet Co 601138 ¥42.57 ¥13.93 −67% vs 3268
Ciena Corporation CIEN $243.39 $74.58 −69% vs 3268
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥254.00 ¥59.92 −76% vs 3268
Lumentum Holdings LITE $538.59 $85.88 −84% vs 3268

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MEIG: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "MEIG Fair Value". https://www.fairvalue-calculator.com/stock/3268

Frequently asked questions

Is MEIG (3268) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of HK$5.84 versus a price of HK$16.35, about 64% lower (overvalued).
What is the fair value of 3268?
Our model-based fair value for MEIG is HK$5.84 (as of Nov 6, 2026), built from audited fundamentals. The current price: HK$16.35.
What is the quality score of 3268?
MEIG has a Quality Score of 40/100. 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 MEIG (3268)?
Our model-based price target is the fair value of HK$5.84 (as of Nov 6, 2026) from 17 valuation models. Cautious scenario HK$4.46, optimistic scenario HK$10.72. It is a calculation from audited fundamentals, not an analyst target.
What is the MEIG stock forecast for 2026?
Our models put fair value at HK$5.84, about 64% lower versus a price of HK$16.35 (overvalued). Cautious scenario HK$4.46, optimistic scenario HK$10.72. The calculation is refreshed regularly with new filings.
What is the revenue of MEIG (3268)?
MEIG reported trailing-twelve-month revenue of about 4.5B CNY (latest available figure, as of Nov 6, 2026).
Does MEIG pay a dividend?
MEIG currently shows a dividend yield of 0.72% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of MEIG (3268) and when is the ex-dividend date?
MEIG pays a dividend of HK$0.117 per share a year, a dividend yield of 0.7%. The last ex-dividend date was Jul 13, 2026. The payout ratio is 29.6% of earnings. Our assessment: Token dividend. At a yield of 0.7% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.7% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of MEIG (3268)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MEIG it is HK$5.84 per share (as of Nov 6, 2026), against a price of HK$16.35. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is MEIG stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3268 trades above its calculated fair value: price HK$16.35, fair value HK$5.84, a gap of about −64% (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 3268?
No. The price is what the market pays today (HK$16.35); the fair value is what the company's own numbers justify (HK$5.84). For MEIG the two are HK$10.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is MEIG worth?
The market values MEIG at about HK$4.9B (market capitalisation, as of Nov 6, 2026). Per share that is HK$16.35; our models calculate a fair value of HK$5.84 per share.
What do the bullish and bearish scenarios say about 3268?
Our models span a range for MEIG: cautious scenario HK$4.46, base HK$5.84, optimistic HK$10.72 per share (as of Nov 6, 2026, price HK$16.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3268?
MEIG trades at a price-to-earnings ratio of 18.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$5.84 is built from several models across several years. Other multiples: P/B 2.5, P/S 0.9, EV/EBITDA 11.2.
How solid is the balance sheet of MEIG (3268)?
Balance-sheet figures for MEIG (as of Nov 6, 2026): return on equity 9.5%, debt of 0.04 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
Which stocks are comparable to MEIG?
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 MEIG stock attractive at the current price?
The data as of Nov 6, 2026: price HK$16.35, calculated fair value HK$5.84 (−64%), Quality Score 40/100, from 17 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 3268 calculated?
We run MEIG through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$5.84 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. MEIG 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 MEIG (3268)?
The closing price on Nov 9, 2026 was HK$16.35. Our model-based fair value is HK$5.84, about 64% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MEIG right now?
The price sits above even our optimistic bull case (HK$10.72). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (HK$4.46 to HK$10.72) leaves room in how you read the outcome.

Key figures of MEIG

How large is the market capitalisation of MEIG (3268)?
The market capitalisation of MEIG is HK$4.9B (≈ $630M). 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 MEIG (3268)?
The price-to-sales ratio of MEIG is 0.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MEIG (3268)?
Earnings per share at MEIG are HK$0.4045 (price ÷ EPS = P/E 18.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MEIG (3268)?
The dividend yield of MEIG is 0.7% (payout 29.0%). 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 MEIG (3268)?
The net margin of MEIG is 3.8% (fiscal year 2025). 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 MEIG (3268)?
The return on equity (ROE) of MEIG is 9.5% (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 MEIG (3268)?
On an EBIT basis the return on assets of MEIG is 6.8% (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 MEIG (3268)?
The operating margin of MEIG is 10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MEIG (3268)?
Revenue at MEIG is growing +60.7% versus a year earlier (3y avg +17.6%). 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 MEIG (3268)?
Earnings per share at MEIG are growing +146% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MEIG (3268) generate?
The free cash flow of MEIG is −13.6M 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 MEIG (3268) carry?
The net debt of MEIG is 74.4M CNY (fiscal year 2025). 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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