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Qingdao Gaoce Technology Co Ltd (688556) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Qingdao Gaoce Technology Co Ltd stock ¥5.21, price ¥7.40, that is 29.6% below the price, quality 33 out of 100. Rating: overvalued. Calculated from audited financials with 3 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials CN · ISIN CNE1000044B6

QG Qingdao Gaoce Technology Co Ltd logo Thin data Nov 6, 2026

Qingdao Gaoce Technology Co Ltd

688556 · SHG
Expensive, weak quality

Our calculation puts a fair price 30% below what the stock costs today.

Low debt
Generates free cash flow over the last twelve months
Expensive Growth (revenue 5y +37.4 %/yr in CNY)
Fair value ¥5.21 · Overvalued (−29.6%)
Quality 33/100
Loss-making · -11.7% net margin (TTM)
Trails peers (4/11)
Narrow moat 9/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥29.71 ¥3.83 Fair Value ¥5.21 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range ¥3.83 – ¥29.71 · fair‑value band ¥2.65 – ¥6.88 · the ¥7.40 price screens above the ¥5.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Qingdao Gaoce Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of cutting equipment and consumables in China and internationally.

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It offers photovoltaic cutting equipment, including slicer wire guide roller grooving machine, diamond wire crystal silicon slicer, and monocrystal cropper, squarer, and grinder, as well as monocrystal squaring, cropping, and grinding machine; photovoltaic cutting consumables, such as diamond wire, ring wire, grinding tool, and silicon wafer cutting fluid; and photovoltaic large silicon wafer.

The company also provides semiconductor single-wire cropper, diamond wire slicer machine, and chamfering machine, as well as special diamond wire and grinding wheels for chamfering grinding of semiconductor wafer and for cylindrical grinding of semiconductor ingots; silicon carbide wafering machine, silicon carbide chamfering machine, and automatic grinder, as well as diamond wire special and grinding wheels for silicon carbide; and sapphire diamond wire saw and sapphire chamfering machine, as well as diamond wire for sapphire, specific chamfering grinding wheel for sapphire, and special sapphire thinning grinding wheel.

In addition, it offers magnetic material multi-wire cutting machine, automatic magnetic material bonding machine, and magnetic material diamond wire; stone thin multi-wire saw and special diamond wire for stone; and metal and composite material tendon ropes, as well as reducer.

Further, the company engages in the provision of photovoltaic, pan-semiconductor scenario, humanoid robotics, and other scenario solutions; investment activities; and technical/consulting services. It exports its products.

The company was formerly known as Qingdao Gaoxiao Measurement & Control Technology Co., Ltd. and changed its name to Qingdao Gaoce Technology Co., Ltd. in August 2015. Qingdao Gaoce Technology Co., Ltd. was incorporated in 2006 and is headquartered in Qingdao, China.

Stock analysis

Qingdao Gaoce Technology Co Ltd (688556) currently trades at ¥7.40, while our model-based Fair Value estimate is ¥5.21, 30% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of ¥5.47 per share, and 0 of the 3 models we run sit above the ¥7.40 price.

Bear case: the Asset-Based group reads lowest at ¥1.36, and 3 of the 3 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥2.65 (bear) to ¥6.88 (bull), the price of ¥7.40 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 33/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Qingdao Gaoce Technology Co Ltd reported revenue of 3.6B CNY in FY2025 versus 1.6B CNY in FY2021, a compound +23.5%/yr. Reported net income was −40.2M CNY in FY2025.

Key figures

Market cap 5.9B CNY (≈ $892M) Small · P/S ratio 1.46 · EPS (TTM) ¥−0.5200 · Dividend yield 2.1% · Net margin −11.7% · Return on equity −12.7% · Return on assets (EBIT) 7.7% (5-year average) · Operating margin −45.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and 15% 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 −30%, 688556 screens cheaper than that median.

Fair Value models

Bear ¥2.65 Fair Value ¥5.21 Bull ¥6.88
Price ¥7.40 · Downside -29.6%
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.
Best data coverage
Owner Earnings ¥2.65 ¥5.47 ¥10.80 69
EV/EBITDA ¥3.53 ¥5.21 ¥6.88 66
NCAV (Graham) ¥0.9000 ¥1.36 ¥1.71 54
All 3 models by family
DCF Models
Owner Earnings ¥2.65 ¥5.47 ¥10.80 69
Multiples
EV/EBITDA ¥3.53 ¥5.21 ¥6.88 66
Asset-Based
NCAV (Graham) ¥0.9000 ¥1.36 ¥1.71 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 33/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 13
How much profit the company makes from its sales and capital
Quality Growth 25
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 61
Debt, balance sheet and risk of trouble
Investment 48
Does it invest with discipline instead of growing at any price?
Low Volatility 47
How calm the share price moves, does not count
Price momentum 13
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 44
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−18.4%
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.
+0.7%
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.
+37.4%
Start year 2020 (pandemic). Over 10 years: +49.6% a year
Revenue growth 12 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.
+43.2%
Profit margin (trend) ⓘ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.
7.6% (2020) → −0.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

688556 screens overvalued: fair value 30% below the price. Compare with SIE →

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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 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 33 · Bottom 25%
Fair Value upside −29.6% · Above median
Profitability
Return on assets −0.5% · Bottom 25%
Net margin (12 months) −11.7% · Bottom 25%
Operating margin (12 months) −45.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 3.3% · Below median
Dividend yield (12 months) 2.1% · Above median
Balance sheet
Debt / equity 0.12× · Above median

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/B 1.51× · Cheaper than median
P/S (12 months) 1.57× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)17 · sector 31
PAST (return on equity)0 · sector 27
HEALTH (low debt)94 · sector 96
DIVIDEND (yield)42 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

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Cummins Inc CMI $450.07 $359.36 −20% vs 688556
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AMETEK, Inc AME $228.67 $125.74 −45% vs 688556
Illinois Tool Works Inc ITW $280.95 $154.30 −45% vs 688556
Sandvik AB SAND kr 357.40 kr 194.33 −46% vs 688556
Parker-Hannifin Corporation PH $917.79 $492.92 −46% vs 688556
Emerson Electric Co EMR $162.35 $79.99 −51% vs 688556
Eaton Corporation ETN $341.72 $156.90 −54% vs 688556
Rockwell Automation, Inc ROK $375.86 $139.31 −63% vs 688556
GE Vernova Inc GEV $774.11 $143.50 −81% vs 688556

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Qingdao Gaoce Technology Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Qingdao Gaoce Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688556

Frequently asked questions

Is Qingdao Gaoce Technology Co Ltd (688556) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥5.21 versus a price of ¥7.40, about 30% lower (overvalued).
What is the fair value of 688556?
Our model-based fair value for Qingdao Gaoce Technology Co Ltd is ¥5.21 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥7.40.
What is the quality score of 688556?
Qingdao Gaoce Technology Co Ltd has a Quality Score of 33/100. 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 Qingdao Gaoce Technology Co Ltd (688556)?
Our model-based price target is the fair value of ¥5.21 (as of Nov 6, 2026) from 3 valuation models. Cautious scenario ¥2.65, optimistic scenario ¥6.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Qingdao Gaoce Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥5.21, about 30% lower versus a price of ¥7.40 (overvalued). Cautious scenario ¥2.65, optimistic scenario ¥6.88. The calculation is refreshed regularly with new filings.
What is the revenue of Qingdao Gaoce Technology Co Ltd (688556)?
Qingdao Gaoce Technology Co Ltd reported trailing-twelve-month revenue of about 3.8B CNY (latest available figure, as of Nov 6, 2026).
Does Qingdao Gaoce Technology Co Ltd pay a dividend?
Qingdao Gaoce Technology Co Ltd currently shows a dividend yield of 2.09% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Qingdao Gaoce Technology Co Ltd (688556)?
Qingdao Gaoce Technology Co Ltd has a dividend yield of 2.1%.
What is the intrinsic value of Qingdao Gaoce Technology Co Ltd (688556)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qingdao Gaoce Technology Co Ltd it is ¥5.21 per share (as of Nov 6, 2026), against a price of ¥7.40. It is the blended result of 3 valuation models in 3 families (DCF Models, Multiples, Asset-Based).
Is Qingdao Gaoce Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 688556 trades above its calculated fair value: price ¥7.40, fair value ¥5.21, a gap of about −30% (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 688556?
No. The price is what the market pays today (¥7.40); the fair value is what the company's own numbers justify (¥5.21). For Qingdao Gaoce Technology Co Ltd the two are ¥2.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qingdao Gaoce Technology Co Ltd worth?
The market values Qingdao Gaoce Technology Co Ltd at about 5.9B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥7.40; our models calculate a fair value of ¥5.21 per share.
What do the bullish and bearish scenarios say about 688556?
Our models span a range for Qingdao Gaoce Technology Co Ltd: cautious scenario ¥2.65, base ¥5.21, optimistic ¥6.88 per share (as of Nov 6, 2026, price ¥7.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Qingdao Gaoce Technology Co Ltd (688556)?
Balance-sheet figures for Qingdao Gaoce Technology Co Ltd (as of Nov 6, 2026): return on equity −12.7%, debt of 0.12 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 688556 from its 52-week high?
Qingdao Gaoce Technology Co Ltd trades at ¥7.40, about 59% below its 52-week high of ¥17.84 and 15% above the low of ¥6.46 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.21 is for.
Which stocks are comparable to Qingdao Gaoce Technology 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 Qingdao Gaoce Technology Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥7.40, calculated fair value ¥5.21 (−30%), Quality Score 33/100, from 3 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 688556 calculated?
We run Qingdao Gaoce Technology Co Ltd through 3 models from 3 families: DCF Models, Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥5.21 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. Qingdao Gaoce Technology 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 Qingdao Gaoce Technology Co Ltd (688556)?
The closing price on Nov 6, 2026 was ¥7.40. Our model-based fair value is ¥5.21, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qingdao Gaoce Technology Co Ltd right now?
The price sits above even our optimistic bull case (¥6.88). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥2.65 to ¥6.88) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Qingdao Gaoce Technology Co Ltd

How large is the market capitalisation of Qingdao Gaoce Technology Co Ltd (688556)?
The market capitalisation of Qingdao Gaoce Technology Co Ltd is 5.9B CNY (≈ $892M). 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 Qingdao Gaoce Technology Co Ltd (688556)?
The price-to-sales ratio of Qingdao Gaoce Technology Co Ltd is 1.46 (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 Qingdao Gaoce Technology Co Ltd (688556)?
Earnings per share at Qingdao Gaoce Technology Co Ltd are ¥−0.5200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Qingdao Gaoce Technology Co Ltd (688556)?
The dividend yield of Qingdao Gaoce Technology Co Ltd is 2.1%. 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 Qingdao Gaoce Technology Co Ltd (688556)?
The net margin of Qingdao Gaoce Technology Co Ltd is −11.7% (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 Qingdao Gaoce Technology Co Ltd (688556)?
The return on equity (ROE) of Qingdao Gaoce Technology Co Ltd is −12.7% (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 Qingdao Gaoce Technology Co Ltd (688556)?
On an EBIT basis the return on assets of Qingdao Gaoce Technology Co Ltd is 7.7% (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 Qingdao Gaoce Technology Co Ltd (688556)?
The operating margin of Qingdao Gaoce Technology Co Ltd is −45.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qingdao Gaoce Technology Co Ltd (688556)?
Revenue at Qingdao Gaoce Technology Co Ltd is growing +3.3% versus a year earlier (3y avg +0.7%). 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 Qingdao Gaoce Technology Co Ltd (688556)?
Earnings per share at Qingdao Gaoce Technology Co Ltd are growing −84.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Qingdao Gaoce Technology Co Ltd (688556) generate?
The free cash flow of Qingdao Gaoce Technology Co Ltd is −421M 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 Qingdao Gaoce Technology Co Ltd (688556) carry?
The net debt of Qingdao Gaoce Technology Co Ltd is 1.2B CNY (fiscal year 2024). 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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