Vanchip (Tianjin) Technology Co. Ltd. A (688153) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Vanchip (Tianjin) Technology Co. Ltd. A stock ¥21.10, price ¥22.32, that is 5.5% below the price, quality 68 out of 100. Rating: fairly valued. Calculated from audited financials with 23 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 10, 2026.
How to read this chart
55‑month range ¥20.55 – ¥76.58 · fair‑value band ¥19.04 – ¥23.16 · the ¥22.32 price screens above the ¥21.10 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 10, 2026.
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Vanchip (Tianjin) Technology Co., Ltd. designs, manufactures, and sells radio frequency front end and high-end analog chips in China. Its products are used in mobile terminals, such as smart phones and mobile phones.
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The company offers radio frequency power amplifiers that are used in 2G, 3G, and 4G mobile phones, as well as in data card products. It also provides antenna tuning and swap, filters and duplexers, and RF switches; and Wi Fi connectivity chips.
The company was incorporated in 2009 and is headquartered in Tianjin, China.
Stock analysis
Vanchip (Tianjin) Technology Co. Ltd. A (688153) currently trades at ¥22.32, while our model-based Fair Value estimate is ¥21.10, so the stock looks roughly fairly valued today (gap 5.8%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥26.89 per share, and 7 of the 23 models we run sit above the ¥22.32 price.
Bear case: the Growth Earnings group reads lowest at ¥2.14, and 16 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥19.04 (bear) to ¥23.16 (bull), the price of ¥22.32 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 68/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Vanchip (Tianjin) Technology Co. Ltd. A reported revenue of 2.3B CNY in FY2025 versus 3.5B CNY in FY2021, a compound −9.8%/yr. Reported net income was 43.6M CNY in FY2025.
Key figures
Market cap 9.6B CNY (≈ $1.4B) Small · P/S ratio 4.36 · EPS (TTM) ¥−0.2500 · Dividend yield 0.3% · Net margin −4.9% · Return on equity −2.7% · Return on assets (EBIT) 0.7% (5-year average) · Operating margin −2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −10% fair-value upside, at −5%, 688153 screens cheaper than that median.
Fair Value models
Bear¥19.04Fair Value ¥21.10Bull¥23.16
Price ¥22.32 · Downside -5.5%
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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.4%
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.
+0.5%
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.
+5.1%
Start year 2020 (pandemic)
Revenue growth 6 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.
+25.9%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 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.
−19.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.2%
Dividend (yield on the price)0.3%
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.−2% → 0%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+4.0%
Yearly growth needed for the next five years to justify today's price.
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 +2.3% a year for the price.
Compare Vanchip (Tianjin) Technology Co. Ltd. A 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.Semiconductors · 399 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−5.5% · Top 25%
Profitability
Return on assets0.9% · Below median
Net margin (12 months)−4.9% · Bottom 25%
Operating margin (12 months)−2.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−23.2% · Bottom 25%
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Vanchip (Tianjin) Technology Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688153
Frequently asked questions
Is Vanchip (Tianjin) Technology Co. Ltd. A (688153) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ¥21.10 versus a price of ¥22.32, about 5% lower (fairly valued).
What is the fair value of 688153?
Our model-based fair value for Vanchip (Tianjin) Technology Co. Ltd. A is ¥21.10 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥22.32.
What is the quality score of 688153?
Vanchip (Tianjin) Technology Co. Ltd. A has a Quality Score of 68/100. 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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
Our model-based price target is the fair value of ¥21.10 (as of Nov 10, 2026) from 23 valuation models. Cautious scenario ¥19.04, optimistic scenario ¥23.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Vanchip (Tianjin) Technology Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥21.10, about 5% lower versus a price of ¥22.32 (fairly valued). Cautious scenario ¥19.04, optimistic scenario ¥23.16. The calculation is refreshed regularly with new filings.
What is the revenue of Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
Vanchip (Tianjin) Technology Co. Ltd. A reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Nov 10, 2026).
Does Vanchip (Tianjin) Technology Co. Ltd. A pay a dividend?
Vanchip (Tianjin) Technology Co. Ltd. A currently shows a dividend yield of 0.34% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Vanchip (Tianjin) Technology Co. Ltd. A (688153) and when is the ex-dividend date?
Vanchip (Tianjin) Technology Co. Ltd. A pays a dividend of ¥0.077 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Aug 13, 2026. The payout ratio is 75.9% of earnings. Free cash flow covers the dividend 17.44 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
For today's price to be fair in a discounted-cash-flow model, Vanchip (Tianjin) Technology Co. Ltd. A would have to grow free cash flow by +4.0 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.1 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 688153 use?
Our models discount Vanchip (Tianjin) Technology Co. Ltd. A at 11.3 %: a base by market capitalisation (small), damped by beta 0.81, 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 Vanchip (Tianjin) Technology Co. Ltd. A that is +4.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Vanchip (Tianjin) Technology Co. Ltd. A (688153) delivered so far?
Over the past 5 years revenue at Vanchip (Tianjin) Technology Co. Ltd. A grew +5.1 % a year. The price currently implies free-cash-flow growth of +4.0 % 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 Vanchip (Tianjin) Technology Co. Ltd. A (688153) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Vanchip (Tianjin) Technology Co. Ltd. A (+4.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The free-cash-flow yield on the price is 6.02 %: that much free cash flow Vanchip (Tianjin) Technology Co. Ltd. A produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vanchip (Tianjin) Technology Co. Ltd. A it is ¥21.10 per share (as of Nov 10, 2026), against a price of ¥22.32. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Vanchip (Tianjin) Technology Co. Ltd. A stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 688153 trades above its calculated fair value: price ¥22.32, fair value ¥21.10, a gap of about −5% (fairly valued). 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 688153?
No. The price is what the market pays today (¥22.32); the fair value is what the company's own numbers justify (¥21.10). For Vanchip (Tianjin) Technology Co. Ltd. A the two are ¥1.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vanchip (Tianjin) Technology Co. Ltd. A worth?
The market values Vanchip (Tianjin) Technology Co. Ltd. A at about 9.6B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥22.32; our models calculate a fair value of ¥21.10 per share.
What do the bullish and bearish scenarios say about 688153?
Our models span a range for Vanchip (Tianjin) Technology Co. Ltd. A: cautious scenario ¥19.04, base ¥21.10, optimistic ¥23.16 per share (as of Nov 10, 2026, price ¥22.32). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
Balance-sheet figures for Vanchip (Tianjin) Technology Co. Ltd. A (as of Nov 10, 2026): return on equity −2.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 688153 from its 52-week high?
Vanchip (Tianjin) Technology Co. Ltd. A trades at ¥22.32, about 51% below its 52-week high of ¥45.35 and 9% above the low of ¥20.55 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥21.10 is for.
Which stocks are comparable to Vanchip (Tianjin) Technology Co. Ltd. A?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Vanchip (Tianjin) Technology Co. Ltd. A stock attractive at the current price?
The data as of Nov 10, 2026: price ¥22.32, calculated fair value ¥21.10 (−5%), Quality Score 68/100, from 23 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 688153 calculated?
We run Vanchip (Tianjin) Technology Co. Ltd. A through 23 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 ¥21.10 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 15.1% above its aggregate fair value. Vanchip (Tianjin) Technology Co. Ltd. A 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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The closing price on Nov 10, 2026 was ¥22.32. Our model-based fair value is ¥21.10, about 5% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vanchip (Tianjin) Technology Co. Ltd. A right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Vanchip (Tianjin) Technology Co. Ltd. A
How large is the market capitalisation of Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The market capitalisation of Vanchip (Tianjin) Technology Co. Ltd. A is 9.6B CNY (≈ $1.4B). 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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The price-to-sales ratio of Vanchip (Tianjin) Technology Co. Ltd. A is 4.36 (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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
Earnings per share at Vanchip (Tianjin) Technology Co. Ltd. A are ¥−0.2500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The dividend yield of Vanchip (Tianjin) Technology Co. Ltd. A is 0.3%. 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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The net margin of Vanchip (Tianjin) Technology Co. Ltd. A is −4.9% (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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The return on equity (ROE) of Vanchip (Tianjin) Technology Co. Ltd. A is −2.7% (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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
On an EBIT basis the return on assets of Vanchip (Tianjin) Technology Co. Ltd. A is 0.7% (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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
The operating margin of Vanchip (Tianjin) Technology Co. Ltd. A is −2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
Revenue at Vanchip (Tianjin) Technology Co. Ltd. A is growing −23.2% versus a year earlier (3y avg +0.5%). 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 Vanchip (Tianjin) Technology Co. Ltd. A (688153)?
Earnings per share at Vanchip (Tianjin) Technology Co. Ltd. A are growing +221% versus a year earlier. How much earnings per share grew versus a year earlier.
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