EmbedWay Tech(Shanghai)Corp (603496) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of EmbedWay Tech(Shanghai)Corp stock ¥9.97, price ¥19.85, that is 49.8% below the price, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
EmbedWay Tech(Shanghai)Corp
603496 · SHGOur calculation puts a fair price 50% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ¥6.77 – ¥44.96 · fair‑value band ¥9.79 – ¥12.53 · the ¥19.85 price screens above the ¥9.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Every Wednesday you see whether EmbedWay Tech(Shanghai)Corp is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
EmbedWay Technologies (Shanghai) Corporation engages in the provision of network visibility, intelligent system platforms, and intelligent computing solutions and services in China and internationally.
Show moreShow less
It offers products and solutions for telecom networks, industrial internet, and intelligent computing centers.
The company also provides ExProbe, a 40G/100G ethernet acquisition and distribution device; OptiPlus, a multi-service traffic collection and distribution platform; ExProbe8580E for inline tools flow; ExProbe8512E, an ethernet network packet broker; and PA8921 FPGA acceleration card, a data center application acceleration platform.
In addition, it offers passive and inline tool visibility; and fixed and mobile network interception. EmbedWay Technologies (Shanghai) Corporation was founded in 2003 and is headquartered in Shanghai, China.
Stock analysis
EmbedWay Tech(Shanghai)Corp (603496) currently trades at ¥19.85, while our model-based Fair Value estimate is ¥9.97, 50% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of ¥8.58 per share, and 1 of the 26 models we run sit above the ¥19.85 price.
Bear case: the Earnings-Based group reads lowest at ¥1.89, and 25 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥9.79 (bear) to ¥12.53 (bull), the price of ¥19.85 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 70/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2019: revenue and profit before it include the divested business. Growth is measured afresh from 2019.
EmbedWay Tech(Shanghai)Corp reported revenue of 1.0B CNY in FY2025 versus 678M CNY in FY2021, a compound +11.5%/yr. Reported net income was 29.7M CNY in FY2025, compounding −13.7%/yr from FY2021.
Key figures
Market cap 6.4B CNY (≈ $961M) Small · P/E ratio 165.4 · P/S ratio 6.49 · EPS (TTM) ¥0.1200 · Dividend yield 0.1% · Net margin 4.0% · Return on equity 2.8% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −50% fair-value upside, at −50%, 603496 screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
603496 screens overvalued: fair value 50% below the price. Compare with Cisco Systems, Inc →
Compare EmbedWay Tech(Shanghai)Corp with another stock
Price, fair value, quality and upside side by side.
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 · 324 stocks
Valuation Multiplesvs Communication Equipment median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Ubiquiti Inc UI | $679.42 | $754.25 | +11% | vs 603496 |
| Eoptolink Technology Inc 300502 | ¥215.00 | ¥236.50 | +10% | vs 603496 |
| Cisco Systems, Inc CSCO | $100.76 | $108.52 | +8% | vs 603496 |
| Zhongji Innolight Co 300308 | ¥542.00 | ¥342.18 | −37% | vs 603496 |
| Nokia Oyj NOKIA | €7.75 | €3.87 | −50% | vs 603496 |
| Motorola Solutions, Inc MSI | $535.22 | $249.63 | −53% | vs 603496 |
| Foxconn Industrial Internet Co 601138 | ¥45.56 | ¥14.01 | −69% | vs 603496 |
| Yangtze Optical Fibre And Cable Joint Stock Limited 601869 | ¥277.56 | ¥59.92 | −78% | vs 603496 |
| Ciena Corporation CIEN | $296.04 | $50.06 | −83% | vs 603496 |
| Lumentum Holdings LITE | $648.06 | $85.88 | −87% | vs 603496 |
Explore undervalued stocks
More undervalued Technology stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is EmbedWay Tech(Shanghai)Corp (603496) overvalued or undervalued?
What is the fair value of 603496?
What is the quality score of 603496?
What is the price target for EmbedWay Tech(Shanghai)Corp (603496)?
What is the EmbedWay Tech(Shanghai)Corp stock forecast for 2026?
What is the revenue of EmbedWay Tech(Shanghai)Corp (603496)?
Does EmbedWay Tech(Shanghai)Corp pay a dividend?
How much is the dividend of EmbedWay Tech(Shanghai)Corp (603496) and when is the ex-dividend date?
What growth is priced into EmbedWay Tech(Shanghai)Corp (603496)?
What discount rate (WACC) does the fair value of 603496 use?
What is a reverse DCF?
How much growth has EmbedWay Tech(Shanghai)Corp (603496) delivered so far?
How fast is the sector of EmbedWay Tech(Shanghai)Corp (603496) growing?
What is the free cash flow yield of EmbedWay Tech(Shanghai)Corp (603496)?
What is the intrinsic value of EmbedWay Tech(Shanghai)Corp (603496)?
Is EmbedWay Tech(Shanghai)Corp stock overvalued or undervalued in 2026?
Is fair value the same as the market price of 603496?
How much is EmbedWay Tech(Shanghai)Corp worth?
What do the bullish and bearish scenarios say about 603496?
What is the P/E ratio of 603496?
How solid is the balance sheet of EmbedWay Tech(Shanghai)Corp (603496)?
How far is 603496 from its 52-week high?
Which stocks are comparable to EmbedWay Tech(Shanghai)Corp?
Is EmbedWay Tech(Shanghai)Corp stock attractive at the current price?
How is the fair value of 603496 calculated?
Is it still worth investing in stocks now?
What is the share price of EmbedWay Tech(Shanghai)Corp (603496)?
What should I pay attention to with EmbedWay Tech(Shanghai)Corp right now?
Where does the earnings growth of EmbedWay Tech(Shanghai)Corp (603496) come from?
Key figures of EmbedWay Tech(Shanghai)Corp
How large is the market capitalisation of EmbedWay Tech(Shanghai)Corp (603496)?
What is the P/S ratio of EmbedWay Tech(Shanghai)Corp (603496)?
What are the earnings per share of EmbedWay Tech(Shanghai)Corp (603496)?
What is the dividend yield of EmbedWay Tech(Shanghai)Corp (603496)?
What is the net margin of EmbedWay Tech(Shanghai)Corp (603496)?
What is the return on equity of EmbedWay Tech(Shanghai)Corp (603496)?
What is the EBIT return on assets of EmbedWay Tech(Shanghai)Corp (603496)?
What is the operating margin of EmbedWay Tech(Shanghai)Corp (603496)?
How fast is revenue growing at EmbedWay Tech(Shanghai)Corp (603496)?
How fast are earnings growing at EmbedWay Tech(Shanghai)Corp (603496)?
How much net debt does EmbedWay Tech(Shanghai)Corp (603496) carry?
Watch EmbedWay Tech(Shanghai)Corp in the live analysis
One click puts EmbedWay Tech(Shanghai)Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.