JiangXi Redboard Technology Co (603459) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of JiangXi Redboard Technology Co stock ¥20.05, price ¥61.50, that is 67.4% below the price, quality 64 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
JiangXi Redboard Technology Co., Ltd. manufactures and sales printed circuit boards (PCBs) products. The company's products include HDI boards, rigid PCBs, FPCs, RFPCs, and IC substrates. The company serves the communication, automotive, industrial control, and medical industries.
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It exports its products in Hang Kong, Singapore, Japan, Europe and the United States. The company was founded in 2005 and is based in Ji'an, China. Jiangxi Redboard Technology Co.,Ltd. is a subsidiary of Red Board Limited.
Stock analysis
JiangXi Redboard Technology Co (603459) currently trades at ¥61.50, while our model-based Fair Value estimate is ¥20.05, 67% 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 ¥23.20 per share, and 0 of the 16 models we run sit above the ¥61.50 price.
Bear case: the Asset-Based group reads lowest at ¥2.06, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥15.04 (bear) to ¥25.07 (bull), the price of ¥61.50 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 64/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
JiangXi Redboard Technology Co reported revenue of 3.7B CNY in FY2025 versus 2.2B CNY in FY2022, a compound +18.6%/yr. Reported net income was 540M CNY in FY2025, compounding +56.6%/yr from FY2022.
Key figures
Market cap 47.3B CNY (≈ $7.1B) Mid · P/E ratio 43.6 · P/S ratio 10.4 · EPS (TTM) ¥1.41 · Dividend yield 0.1% · Net margin 21.6% · Return on assets (EBIT) 8.4% (4-year average) · Operating margin 30.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −67%, 603459 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.4600 to ¥33.96). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥15.04Fair Value ¥20.05Bull¥25.07
Price ¥61.50 · Downside -67.4%
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 (¥1.22 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+36.1%
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.
+18.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+78.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+78.7%
Dividend (yield on the price)0.1%
Profit margin 2022 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.9% → 20%
2025 sits 284% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Compare JiangXi Redboard Technology Co 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.Electronic Components · 692 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−67.4% · Bottom 25%
Profitability
Return on assets10.7% · Top 25%
Net margin (12 months)21.6% · Top 25%
Operating margin (12 months)30.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)50.4% · Top 25%
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)43.6× · Pricier than median
P/B20.42× · Priciest 25%
P/S (12 months)10.35× · Priciest 25%
EV/EBITDA40.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 2
FUTURE (revenue growth)100· sector 71
PAST (return on equity)0· sector 25
HEALTH (low debt)90· sector 95
DIVIDEND (yield)1· sector 25
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). "JiangXi Redboard Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603459
Frequently asked questions
Is JiangXi Redboard Technology Co (603459) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of ¥20.05 versus a price of ¥61.50, about 67% lower (overvalued).
What is the fair value of 603459?
Our model-based fair value for JiangXi Redboard Technology Co is ¥20.05 (as of Nov 12, 2026), built from audited fundamentals. The current price: ¥61.50.
What is the quality score of 603459?
JiangXi Redboard Technology Co has a Quality Score of 64/100. 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 JiangXi Redboard Technology Co (603459)?
Our model-based price target is the fair value of ¥20.05 (as of Nov 12, 2026) from 16 valuation models. Cautious scenario ¥15.04, optimistic scenario ¥25.07. It is a calculation from audited fundamentals, not an analyst target.
What is the JiangXi Redboard Technology Co stock forecast for 2026?
Our models put fair value at ¥20.05, about 67% lower versus a price of ¥61.50 (overvalued). Cautious scenario ¥15.04, optimistic scenario ¥25.07. The calculation is refreshed regularly with new filings.
What is the revenue of JiangXi Redboard Technology Co (603459)?
JiangXi Redboard Technology Co reported trailing-twelve-month revenue of about 4.6B CNY (latest available figure, as of Nov 12, 2026).
Does JiangXi Redboard Technology Co pay a dividend?
JiangXi Redboard Technology Co currently shows a dividend yield of 0.05% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of JiangXi Redboard Technology Co (603459)?
JiangXi Redboard Technology Co has a dividend yield of 0.1%.
What is the intrinsic value of JiangXi Redboard Technology Co (603459)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JiangXi Redboard Technology Co it is ¥20.05 per share (as of Nov 12, 2026), against a price of ¥61.50. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is JiangXi Redboard Technology Co stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 603459 trades above its calculated fair value: price ¥61.50, fair value ¥20.05, a gap of about −67% (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 603459?
No. The price is what the market pays today (¥61.50); the fair value is what the company's own numbers justify (¥20.05). For JiangXi Redboard Technology Co the two are ¥41.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is JiangXi Redboard Technology Co worth?
The market values JiangXi Redboard Technology Co at about 47.3B CNY (market capitalisation, as of Nov 12, 2026). Per share that is ¥61.50; our models calculate a fair value of ¥20.05 per share.
What do the bullish and bearish scenarios say about 603459?
Our models span a range for JiangXi Redboard Technology Co: cautious scenario ¥15.04, base ¥20.05, optimistic ¥25.07 per share (as of Nov 12, 2026, price ¥61.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603459?
JiangXi Redboard Technology Co trades at a price-to-earnings ratio of 43.6 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥20.05 is built from several models across several years. Other multiples: P/B 20.4, P/S 10.4, EV/EBITDA 40.9.
How solid is the balance sheet of JiangXi Redboard Technology Co (603459)?
Balance-sheet figures for JiangXi Redboard Technology Co (as of Nov 12, 2026): debt of 0.19 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
Which stocks are comparable to JiangXi Redboard Technology Co?
From the same area (Technology) we also value Amphenol Corporation, Corning Incorporated, Delta Electronics, Inc, Nan Ya Plastics Corporation, 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 JiangXi Redboard Technology Co stock attractive at the current price?
The data as of Nov 12, 2026: price ¥61.50, calculated fair value ¥20.05 (−67%), Quality Score 64/100, from 16 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 603459 calculated?
We run JiangXi Redboard Technology Co through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥20.05 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 14.3% above its aggregate fair value. JiangXi Redboard Technology Co 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 JiangXi Redboard Technology Co (603459)?
The closing price on Nov 12, 2026 was ¥61.50. Our model-based fair value is ¥20.05, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JiangXi Redboard Technology Co right now?
The price sits above even our optimistic bull case (¥25.07). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of JiangXi Redboard Technology Co
How large is the market capitalisation of JiangXi Redboard Technology Co (603459)?
The market capitalisation of JiangXi Redboard Technology Co is 47.3B CNY (≈ $7.1B). 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 JiangXi Redboard Technology Co (603459)?
The price-to-sales ratio of JiangXi Redboard Technology Co is 10.4 (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 JiangXi Redboard Technology Co (603459)?
Earnings per share at JiangXi Redboard Technology Co are ¥1.41 (price ÷ EPS = P/E 43.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JiangXi Redboard Technology Co (603459)?
The dividend yield of JiangXi Redboard Technology Co is 0.1% (payout 2.3%). 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 JiangXi Redboard Technology Co (603459)?
The net margin of JiangXi Redboard Technology Co is 21.6% (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 EBIT return on assets of JiangXi Redboard Technology Co (603459)?
On an EBIT basis the return on assets of JiangXi Redboard Technology Co is 8.4% (avg 4y). 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 JiangXi Redboard Technology Co (603459)?
The operating margin of JiangXi Redboard Technology Co is 30.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JiangXi Redboard Technology Co (603459)?
Revenue at JiangXi Redboard Technology Co is growing +50.4% versus a year earlier (3y avg +18.6%). 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 JiangXi Redboard Technology Co (603459)?
Earnings per share at JiangXi Redboard Technology Co are growing +65.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does JiangXi Redboard Technology Co (603459) generate?
The free cash flow of JiangXi Redboard Technology Co is −121M 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 JiangXi Redboard Technology Co (603459) carry?
The net debt of JiangXi Redboard Technology Co is 450M 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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