KEDE Numerical Control Co Ltd (688305) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of KEDE Numerical Control Co Ltd stock ¥14.06, price ¥42.89, that is 67.2% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 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 6, 2026.
How to read this chart
60‑month range ¥42.20 – ¥146.78 · fair‑value band ¥7.81 – ¥17.58 · the ¥42.89 price screens above the ¥14.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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KEDE Numerical Control Co., Ltd. manufactures and markets CNC systems and functional components in China.
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It offers five-axis vertical machining, mill-turn composite machining, gantry machining, tool grinding, horizontal machining, blade milling machining; other domestic high-end CNC machine tools; numerical control systems; servo drive systems; servo motors, torque motors, linear motors, and spindle motors; angle sensing systems, linear laser interferometer and feedback ruler, laser tool setting instrument, and wireless workpiece probe; and various drive swing angle milling heads, laser rulers, wireless probes, laser interferometers, turntables, rotary table, electric spindles, etc.
The company was founded in 2008 and is based in Dalian, China.
Stock analysis
KEDE Numerical Control Co Ltd (688305) currently trades at ¥42.89, while our model-based Fair Value estimate is ¥14.06, 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 ¥22.95 per share, and 1 of the 25 models we run sit above the ¥42.89 price.
Bear case: the Dividend Discount group reads lowest at ¥2.72, and 24 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥7.81 (bear) to ¥17.58 (bull), the price of ¥42.89 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 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.
KEDE Numerical Control Co Ltd reported revenue of 552M CNY in FY2025 versus 254M CNY in FY2021, a compound +21.5%/yr. Reported net income was 88.8M CNY in FY2025, compounding +5.1%/yr from FY2021.
Key figures
Market cap 5.5B CNY (≈ $825M) Small · P/E ratio 91.3 · P/S ratio 11.7 · EPS (TTM) ¥0.4700 · Dividend yield 0.5% · Net margin 15.8% · Return on equity 3.9% · Return on assets (EBIT) 6.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −67%, 688305 screens richer than that median.
Fair Value models
Bear¥7.81Fair Value ¥14.06Bull¥17.58
Price ¥42.89 · Downside -67.2%
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 (¥0.2222 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−8.9%
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.
+20.5%
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.
+22.7%
Start year 2020 (pandemic)
Revenue growth 8 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.
+28.4%
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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.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.5%
Dividend (yield on the price)0.5%
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.20% → 18%
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).
+74.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +71.8% a year for the price.
Compare KEDE Numerical Control Co Ltd 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.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−67.2% · Bottom 25%
Profitability
Return on equity (12 months)3.9% · Below median
Return on assets3.8% · Above median
Net margin (12 months)15.8% · Top 25%
Operating margin (12 months)1.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−35.3% · Bottom 25%
Dividend yield (12 months)0.5% · Bottom 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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). "KEDE Numerical Control Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688305
Frequently asked questions
Is KEDE Numerical Control Co Ltd (688305) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥14.06 versus a price of ¥42.89, about 67% lower (overvalued).
What is the fair value of 688305?
Our model-based fair value for KEDE Numerical Control Co Ltd is ¥14.06 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥42.89.
What is the quality score of 688305?
KEDE Numerical Control Co Ltd 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 KEDE Numerical Control Co Ltd (688305)?
Our model-based price target is the fair value of ¥14.06 (as of Nov 6, 2026) from 25 valuation models. Cautious scenario ¥7.81, optimistic scenario ¥17.58. It is a calculation from audited fundamentals, not an analyst target.
What is the KEDE Numerical Control Co Ltd stock forecast for 2026?
Our models put fair value at ¥14.06, about 67% lower versus a price of ¥42.89 (overvalued). Cautious scenario ¥7.81, optimistic scenario ¥17.58. The calculation is refreshed regularly with new filings.
What is the revenue of KEDE Numerical Control Co Ltd (688305)?
KEDE Numerical Control Co Ltd reported trailing-twelve-month revenue of about 471M CNY (latest available figure, as of Nov 6, 2026).
Does KEDE Numerical Control Co Ltd pay a dividend?
KEDE Numerical Control Co Ltd currently shows a dividend yield of 0.49% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of KEDE Numerical Control Co Ltd (688305) and when is the ex-dividend date?
KEDE Numerical Control Co Ltd pays a dividend of ¥0.21 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Jun 3, 2026. The payout ratio is 44.7% of earnings. Free cash flow covers the dividend 0.43 times. Our assessment: Token dividend. At a yield of 0.5% 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 0.5% 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 growth is priced into KEDE Numerical Control Co Ltd (688305)?
For today's price to be fair in a discounted-cash-flow model, KEDE Numerical Control Co Ltd would have to grow free cash flow by +74.7 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.7 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 688305 use?
Our models discount KEDE Numerical Control Co Ltd at 10.4 %: a base by market capitalisation (small), damped by beta 0.48, 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 KEDE Numerical Control Co Ltd that is +74.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has KEDE Numerical Control Co Ltd (688305) delivered so far?
Over the past 5 years revenue at KEDE Numerical Control Co Ltd grew +22.7 % a year. The price currently implies free-cash-flow growth of +74.7 % 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 KEDE Numerical Control Co Ltd (688305) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into KEDE Numerical Control Co Ltd (+74.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KEDE Numerical Control Co Ltd (688305)?
The free-cash-flow yield on the price is 0.23 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow KEDE Numerical Control Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KEDE Numerical Control Co Ltd (688305)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KEDE Numerical Control Co Ltd it is ¥14.06 per share (as of Nov 6, 2026), against a price of ¥42.89. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is KEDE Numerical Control Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 688305 trades above its calculated fair value: price ¥42.89, fair value ¥14.06, 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 688305?
No. The price is what the market pays today (¥42.89); the fair value is what the company's own numbers justify (¥14.06). For KEDE Numerical Control Co Ltd the two are ¥28.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is KEDE Numerical Control Co Ltd worth?
The market values KEDE Numerical Control Co Ltd at about 5.5B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥42.89; our models calculate a fair value of ¥14.06 per share.
What do the bullish and bearish scenarios say about 688305?
Our models span a range for KEDE Numerical Control Co Ltd: cautious scenario ¥7.81, base ¥14.06, optimistic ¥17.58 per share (as of Nov 6, 2026, price ¥42.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688305?
KEDE Numerical Control Co Ltd trades at a price-to-earnings ratio of 91.3 (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 ¥14.06 is built from several models across several years. Other multiples: P/B 2.9, P/S 11.7, EV/EBITDA 38.1.
How solid is the balance sheet of KEDE Numerical Control Co Ltd (688305)?
Balance-sheet figures for KEDE Numerical Control Co Ltd (as of Nov 6, 2026): return on equity 3.9%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 688305 from its 52-week high?
KEDE Numerical Control Co Ltd trades at ¥42.89, about 43% below its 52-week high of ¥75.56 and 2% above the low of ¥42.20 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥14.06 is for.
Which stocks are comparable to KEDE Numerical Control Co Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 KEDE Numerical Control Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥42.89, calculated fair value ¥14.06 (−67%), Quality Score 49/100, from 25 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 688305 calculated?
We run KEDE Numerical Control Co Ltd through 25 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 ¥14.06 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 13.0% above its aggregate fair value. KEDE Numerical Control Co Ltd 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 KEDE Numerical Control Co Ltd (688305)?
The closing price on Nov 6, 2026 was ¥42.89. Our model-based fair value is ¥14.06, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KEDE Numerical Control Co Ltd right now?
The price sits above even our optimistic bull case (¥17.58). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥7.81 to ¥17.58) leaves room in how you read the outcome.
Key figures of KEDE Numerical Control Co Ltd
How large is the market capitalisation of KEDE Numerical Control Co Ltd (688305)?
The market capitalisation of KEDE Numerical Control Co Ltd is 5.5B CNY (≈ $825M). 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 KEDE Numerical Control Co Ltd (688305)?
The price-to-sales ratio of KEDE Numerical Control Co Ltd is 11.7 (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 KEDE Numerical Control Co Ltd (688305)?
Earnings per share at KEDE Numerical Control Co Ltd are ¥0.4700 (price ÷ EPS = P/E 91.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KEDE Numerical Control Co Ltd (688305)?
The dividend yield of KEDE Numerical Control Co Ltd is 0.5% (payout 44.7%). 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 KEDE Numerical Control Co Ltd (688305)?
The net margin of KEDE Numerical Control Co Ltd is 15.8% (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 KEDE Numerical Control Co Ltd (688305)?
The return on equity (ROE) of KEDE Numerical Control Co Ltd is 3.9% (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 KEDE Numerical Control Co Ltd (688305)?
On an EBIT basis the return on assets of KEDE Numerical Control Co Ltd is 6.3% (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 KEDE Numerical Control Co Ltd (688305)?
The operating margin of KEDE Numerical Control Co Ltd is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KEDE Numerical Control Co Ltd (688305)?
Revenue at KEDE Numerical Control Co Ltd is growing −35.3% versus a year earlier (3y avg +20.5%). 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 KEDE Numerical Control Co Ltd (688305)?
Earnings per share at KEDE Numerical Control Co Ltd are growing −51.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does KEDE Numerical Control Co Ltd (688305) hold?
KEDE Numerical Control Co Ltd holds more cash than debt, 377M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Some data
Nov 6, 2026