Shaanxi Huaqin Technology Industry Co. Ltd. A (688281) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Shaanxi Huaqin Technology Industry Co. Ltd. A stock ¥29.90, price ¥44.30, that is 32.5% below the price, quality 49 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 7, 2026.
How to read this chart
56‑month range ¥33.07 – ¥79.79 · fair‑value band ¥17.41 – ¥55.28 · the ¥44.30 price screens above the ¥29.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Shaanxi Huaqin Technology Industry Co.,Ltd. engages in the research and development, production, and sale of special functional materials. The company was founded in 1992 and is based in Xi'an, China.
Stock analysis
Shaanxi Huaqin Technology Industry Co. Ltd. A (688281) currently trades at ¥44.30, while our model-based Fair Value estimate is ¥29.90, 32% 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 ¥29.00 per share, and 1 of the 26 models we run sit above the ¥44.30 price.
Bear case: the Asset-Based group reads lowest at ¥6.66, and 25 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥17.41 (bear) to ¥55.28 (bull), the price of ¥44.30 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 49/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shaanxi Huaqin Technology Industry Co. Ltd. A reported revenue of 1.2B CNY in FY2025 versus 512M CNY in FY2021, a compound +24.9%/yr. Reported net income was 307M CNY in FY2025, compounding +7.1%/yr from FY2021.
Key figures
Market cap 17.7B CNY (≈ $2.7B) Mid · P/E ratio 50.9 · P/S ratio 10.6 · EPS (TTM) ¥0.8700 · Dividend yield 0.5% · Net margin 21.3% · Return on equity 5.2% · Return on assets (EBIT) 11.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at −32%, 688281 screens richer than that median.
Fair Value models
Bear¥17.41Fair Value ¥29.90Bull¥55.28
Price ¥44.30 · Downside -32.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.5711 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
FCF DCF¥10.68¥16.02¥32.8676
Residual Income¥9.89¥10.33¥11.2476
Growth DCF¥10.11¥17.59¥32.5275
All 26 models by family
DCF Models
FCF DCF¥10.68¥16.02¥32.8676
Owner Earnings¥11.46¥24.35¥51.0471
5Y Revenue Exit¥7.12¥10.96¥18.9571
5Y EBITDA Exit¥11.52¥19.86¥36.2272
5Y P/E Exit¥13.32¥29.20¥50.9967
10Y Revenue Exit¥8.08¥15.16¥19.3067
10Y EBITDA Exit¥11.45¥24.56¥47.5864
10Y P/E Exit¥12.76¥28.41¥54.4960
Earnings-Based
Graham-Dodd¥5.47¥38.18¥53.5863
Lynch FV¥16.42¥23.46¥30.5061
PEG = 1.0¥16.42¥23.46¥30.5057
EPV¥7.15¥8.13¥8.9871
Dividend Discount
Gordon GGM¥4.11¥8.40¥13.0966
DDM Multi-Stage¥4.11¥7.15¥8.8467
Multiples
P/E Multiple¥12.68¥16.91¥21.1363
P/S Multiple¥4.89¥6.52¥8.1558
P/B Multiple¥39.22¥52.30¥65.3755
EV/EBIT¥10.24¥13.67¥17.1066
EV/EBITDA¥10.21¥13.64¥17.0667
EV/Revenue¥4.04¥5.80¥7.5653
Asset-Based
NCAV (Graham)¥4.40¥6.66¥8.3354
Growth DCF
Growth DCF¥10.11¥17.59¥32.5275
Rev-Margin DCF¥7.40¥12.37¥22.1770
Economic Profit
Residual Income¥9.89¥10.33¥11.2476
ROIC Compounder¥7.15¥8.13¥8.9872
Growth Earnings
Growth-Adj P/E¥20.30¥29.00¥37.7067
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+9.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.8%
Dividend (yield on the price)0.5%
Per share before 2023divided by the spin-off factor 1.49
Profit margin 2019 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.−102% → 25%
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).
+28.6%
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 +26.4% a year for the price.
Compare Shaanxi Huaqin Technology Industry Co. Ltd. A with another stock
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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.Aerospace & Defense · 238 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−31.5% · Above median
Profitability
Return on equity (12 months)5.2% · Below median
Return on assets4.5% · Above median
Net margin (12 months)21.3% · Top 25%
Operating margin (12 months)20.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)38.8% · Top 25%
Dividend yield (12 months)0.5% · Below median
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Shaanxi Huaqin Technology Industry Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688281
Frequently asked questions
Is Shaanxi Huaqin Technology Industry Co. Ltd. A (688281) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥29.90 versus a price of ¥44.30, about 32% lower (overvalued).
What is the fair value of 688281?
Our model-based fair value for Shaanxi Huaqin Technology Industry Co. Ltd. A is ¥29.90 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥44.30.
What is the quality score of 688281?
Shaanxi Huaqin Technology Industry Co. Ltd. A has a Quality Score of 49/100. 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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
Our model-based price target is the fair value of ¥29.90 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario ¥17.41, optimistic scenario ¥55.28. It is a calculation from audited fundamentals, not an analyst target.
What is the Shaanxi Huaqin Technology Industry Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥29.90, about 32% lower versus a price of ¥44.30 (overvalued). Cautious scenario ¥17.41, optimistic scenario ¥55.28. The calculation is refreshed regularly with new filings.
What is the revenue of Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
Shaanxi Huaqin Technology Industry Co. Ltd. A reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Nov 7, 2026).
Does Shaanxi Huaqin Technology Industry Co. Ltd. A pay a dividend?
Shaanxi Huaqin Technology Industry Co. Ltd. A currently shows a dividend yield of 0.46% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Shaanxi Huaqin Technology Industry Co. Ltd. A (688281) and when is the ex-dividend date?
Shaanxi Huaqin Technology Industry Co. Ltd. A pays a dividend of ¥0.204 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Sep 3, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 23.4% of earnings. Free cash flow covers the dividend 2.62 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
For today's price to be fair in a discounted-cash-flow model, Shaanxi Huaqin Technology Industry Co. Ltd. A would have to grow free cash flow by +28.6 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 688281 use?
Our models discount Shaanxi Huaqin Technology Industry Co. Ltd. A at 9.2 %: a base by market capitalisation (mid), damped by beta 0.53, 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 Shaanxi Huaqin Technology Industry Co. Ltd. A that is +28.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Shaanxi Huaqin Technology Industry Co. Ltd. A (688281) delivered so far?
Over the past 5 years revenue at Shaanxi Huaqin Technology Industry Co. Ltd. A grew +24.6 % a year. The price currently implies free-cash-flow growth of +28.6 % 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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Shaanxi Huaqin Technology Industry Co. Ltd. A (+28.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The free-cash-flow yield on the price is 1.69 %: that much free cash flow Shaanxi Huaqin Technology Industry Co. Ltd. A produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shaanxi Huaqin Technology Industry Co. Ltd. A it is ¥29.90 per share (as of Nov 7, 2026), against a price of ¥44.30. 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 Shaanxi Huaqin Technology Industry Co. Ltd. A stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 688281 trades above its calculated fair value: price ¥44.30, fair value ¥29.90, a gap of about −32% (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 688281?
No. The price is what the market pays today (¥44.30); the fair value is what the company's own numbers justify (¥29.90). For Shaanxi Huaqin Technology Industry Co. Ltd. A the two are ¥14.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shaanxi Huaqin Technology Industry Co. Ltd. A worth?
The market values Shaanxi Huaqin Technology Industry Co. Ltd. A at about 17.7B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥44.30; our models calculate a fair value of ¥29.90 per share.
What do the bullish and bearish scenarios say about 688281?
Our models span a range for Shaanxi Huaqin Technology Industry Co. Ltd. A: cautious scenario ¥17.41, base ¥29.90, optimistic ¥55.28 per share (as of Nov 7, 2026, price ¥44.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688281?
Shaanxi Huaqin Technology Industry Co. Ltd. A trades at a price-to-earnings ratio of 50.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥29.90 is built from several models across several years. Other multiples: P/B 3.5, P/S 10.6, EV/EBITDA 43.4.
How solid is the balance sheet of Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
Balance-sheet figures for Shaanxi Huaqin Technology Industry Co. Ltd. A (as of Nov 7, 2026): return on equity 5.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 688281 from its 52-week high?
Shaanxi Huaqin Technology Industry Co. Ltd. A trades at ¥44.30, about 43% below its 52-week high of ¥77.85 and 10% above the low of ¥40.28 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ¥29.90 is for.
Which stocks are comparable to Shaanxi Huaqin Technology Industry Co. Ltd. A?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin 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 Shaanxi Huaqin Technology Industry Co. Ltd. A stock attractive at the current price?
The data as of Nov 7, 2026: price ¥44.30, calculated fair value ¥29.90 (−32%), Quality Score 49/100, 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 688281 calculated?
We run Shaanxi Huaqin Technology Industry Co. Ltd. A 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 ¥29.90 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. Shaanxi Huaqin Technology Industry 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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The closing price on Nov 9, 2026 was ¥44.30. Our model-based fair value is ¥29.90, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shaanxi Huaqin Technology Industry Co. Ltd. A right now?
Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥17.41 to ¥55.28). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Shaanxi Huaqin Technology Industry Co. Ltd. A
How large is the market capitalisation of Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The market capitalisation of Shaanxi Huaqin Technology Industry Co. Ltd. A is 17.7B 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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The price-to-sales ratio of Shaanxi Huaqin Technology Industry Co. Ltd. A is 10.6 (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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
Earnings per share at Shaanxi Huaqin Technology Industry Co. Ltd. A are ¥0.8700 (price ÷ EPS = P/E 50.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The dividend yield of Shaanxi Huaqin Technology Industry Co. Ltd. A is 0.5% (payout 23.4%). 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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The net margin of Shaanxi Huaqin Technology Industry Co. Ltd. A is 21.3% (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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The return on equity (ROE) of Shaanxi Huaqin Technology Industry Co. Ltd. A is 5.2% (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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
On an EBIT basis the return on assets of Shaanxi Huaqin Technology Industry Co. Ltd. A is 11.7% (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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
The operating margin of Shaanxi Huaqin Technology Industry Co. Ltd. A is 20.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
Revenue at Shaanxi Huaqin Technology Industry Co. Ltd. A is growing +38.8% versus a year earlier (3y avg +22.8%). 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 Shaanxi Huaqin Technology Industry Co. Ltd. A (688281)?
Earnings per share at Shaanxi Huaqin Technology Industry Co. Ltd. A are growing −0.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shaanxi Huaqin Technology Industry Co. Ltd. A (688281) carry?
The net debt of Shaanxi Huaqin Technology Industry Co. Ltd. A is 23.8M CNY (fiscal year 2020, ≈ 0.1 yrs of FCF). 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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Nov 7, 2026