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CareRay Digital Medical Technology Co Ltd (688607) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of CareRay Digital Medical Technology Co Ltd stock ¥27.75, price ¥37.36, that is 25.7% below the price, quality 55 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Healthcare CN · ISIN CNE100004BR9

CD CareRay Digital Medical Technology Co Ltd logo Thin data Nov 10, 2026

CareRay Digital Medical Technology Co Ltd

688607 · SHG
Solid, but expensive

Our calculation puts a fair price 26% below what the stock costs today.

Quality 55/100
Profit last quarter 80% below a year ago.
Fair value ¥27.75 · Overvalued
Weak Growth (revenue 5y −1.1 %/yr in CNY)
Loss-making · -15.7% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 11/100 · thin data
Thin data
Estimate
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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

¥72.00 ¥9.92 Fair Value ¥27.75 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ¥9.92 – ¥72.00 · fair‑value band ¥20.81 – ¥34.69 · the ¥37.36 price screens above the ¥27.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

CareRay Digital Medical Technology Co., Ltd. engages in research and development, production, and sales of digital X-ray flat panel detectors in China.

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The company offers Gen3 panels; radiography products, including wireless, tethered, and specialized panels, as well as accessories; mammography, fluoroscopy, dental, and industrial NDT products; and custom panels.

It also provides solutions for retrofit and OEMS; precision low dose care; dynamic DR; and customized solutions.

The company's products are used for clinical examinations, such as medical radiographs, breast examinations, fluoroscopy, and pet medical treatment, as well as treatment of radiotherapy and interventional surgery.

CareRay Digital Medical Technology Co., Ltd. was founded in 2007 and is headquartered in Suzhou, China.

Stock analysis

CareRay Digital Medical Technology Co Ltd (688607) currently trades at ¥37.36, while our estimate is ¥27.75, 26% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ¥20.81 (bear) to ¥34.69 (bull), the price of ¥37.36 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 55/100 (solid quality), in the Healthcare sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

CareRay Digital Medical Technology Co Ltd reported revenue of 321M CNY in FY2025 versus 342M CNY in FY2021, a compound −1.6%/yr. Reported net income was −7.1M CNY in FY2025.

Key figures

Market cap 3.3B CNY (≈ $497M) Small · P/S ratio 9.00 · EPS (TTM) ¥−0.3400 · Dividend yield 0.2% · Net margin −2.2% · Return on equity −7.1% · Return on assets (EBIT) 2.2% (5-year average) · Operating margin −29.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 11 out of 100 (low confidence).

What moves the price

The share trades about 48% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at 8% fair-value upside, at −26%, 688607 screens richer than that median.

Fair Value

Bear ¥20.81 Fair Value ¥27.75 Bull ¥34.69
Price ¥37.36 · Downside -25.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 55/100

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

Profitability 22
How much profit the company makes from its sales and capital
Quality Growth 45
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 93
Debt, balance sheet and risk of trouble
Investment 62
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 35
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 48
Distance to the 52-week high, does not count
New shares 87
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. 2/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+7.5%
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.
+16.1%
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.
−1.1%
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.
+6.2%
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.
25.3% (2020) → −3.4% (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

688607 screens overvalued: fair value 26% below the price. Compare with Abbott Laboratories, →

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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.Medical Devices · 402 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside −25.7% · Below median
Profitability
Return on assets −0.7% · Above median
Net margin (12 months) −15.7% · Below median
Operating margin (12 months) −29.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 3.7% · Below median
Dividend yield (12 months) 0.2% · Bottom 25%

Valuation Multiplesvs Medical Devices median · lower = cheaper

P/B 3.88× · Pricier than median
P/S (12 months) 10.27× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 17
FUTURE (revenue growth)19 · sector 44
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)4 · sector 34

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 Medical Devices stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥178.92 ¥202.57 +13% vs 688607
DexCom, Inc DXCM $79.92 $89.18 +12% vs 688607
Stryker Corporation SYK $324.29 $358.30 +10% vs 688607
STERIS plc STE $257.12 $279.53 +9% vs 688607
Boston Scientific Corporation BSX $44.70 $48.42 +8% vs 688607
GE HealthCare Technologies Inc GEHC $83.65 $69.92 −16% vs 688607
Edwards Lifesciences Corporation EW $104.01 $81.94 −21% vs 688607
Abbott Laboratories, ABT $110.46 $75.28 −32% vs 688607
Medtronic plc MDT $101.59 $65.61 −35% vs 688607
Koninklijke Philips N.V PHIA €27.06 €15.23 −44% vs 688607

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CareRay Digital Medical Technology Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "CareRay Digital Medical Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688607

Frequently asked questions

Is CareRay Digital Medical Technology Co Ltd (688607) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ¥27.75 versus a price of ¥37.36, about 26% lower (overvalued).
What is the fair value of 688607?
Our estimate for CareRay Digital Medical Technology Co Ltd is ¥27.75 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥37.36.
What is the quality score of 688607?
CareRay Digital Medical Technology Co Ltd has a Quality Score of 55/100. 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 CareRay Digital Medical Technology Co Ltd (688607)?
Our calculated price target is the estimate of ¥27.75 (as of Nov 10, 2026). Cautious scenario ¥20.81, optimistic scenario ¥34.69. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the CareRay Digital Medical Technology Co Ltd stock forecast for 2026?
Our estimate puts fair value at ¥27.75, about 26% lower versus a price of ¥37.36 (overvalued). Cautious scenario ¥20.81, optimistic scenario ¥34.69. The calculation is refreshed regularly with new filings.
What is the revenue of CareRay Digital Medical Technology Co Ltd (688607)?
CareRay Digital Medical Technology Co Ltd reported trailing-twelve-month revenue of about 323M CNY (latest available figure, as of Nov 10, 2026).
Does CareRay Digital Medical Technology Co Ltd pay a dividend?
CareRay Digital Medical Technology Co Ltd currently shows a dividend yield of 0.21% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of CareRay Digital Medical Technology Co Ltd (688607)?
CareRay Digital Medical Technology Co Ltd has a dividend yield of 0.2%.
What is the intrinsic value of CareRay Digital Medical Technology Co Ltd (688607)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CareRay Digital Medical Technology Co Ltd it is ¥27.75 per share (as of Nov 10, 2026), against a price of ¥37.36.
Is CareRay Digital Medical Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 688607 trades above its calculated fair value: price ¥37.36, fair value ¥27.75, a gap of about −26% (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 688607?
No. The price is what the market pays today (¥37.36); the fair value is what the company's own numbers justify (¥27.75). For CareRay Digital Medical Technology Co Ltd the two are ¥9.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is CareRay Digital Medical Technology Co Ltd worth?
The market values CareRay Digital Medical Technology Co Ltd at about 3.3B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥37.36; our models calculate a fair value of ¥27.75 per share.
What do the bullish and bearish scenarios say about 688607?
Our models span a range for CareRay Digital Medical Technology Co Ltd: cautious scenario ¥20.81, base ¥27.75, optimistic ¥34.69 per share (as of Nov 10, 2026, price ¥37.36). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CareRay Digital Medical Technology Co Ltd (688607)?
Balance-sheet figures for CareRay Digital Medical Technology Co Ltd (as of Nov 10, 2026): return on equity −7.1%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 688607 from its 52-week high?
CareRay Digital Medical Technology Co Ltd trades at ¥37.36, about 48% below its 52-week high of ¥72.00 and 31% above the low of ¥28.45 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥27.75 is for.
Which stocks are comparable to CareRay Digital Medical Technology Co Ltd?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific 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 CareRay Digital Medical Technology Co Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price ¥37.36, calculated fair value ¥27.75 (−26%), Quality Score 55/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. CareRay Digital Medical 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 CareRay Digital Medical Technology Co Ltd (688607)?
The closing price on Nov 10, 2026 was ¥37.36. Our estimate is ¥27.75, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CareRay Digital Medical Technology Co Ltd right now?
The price sits above even our optimistic bull case (¥34.69). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of CareRay Digital Medical Technology Co Ltd

How large is the market capitalisation of CareRay Digital Medical Technology Co Ltd (688607)?
The market capitalisation of CareRay Digital Medical Technology Co Ltd is 3.3B CNY (≈ $497M). 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 CareRay Digital Medical Technology Co Ltd (688607)?
The price-to-sales ratio of CareRay Digital Medical Technology Co Ltd is 9.00 (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 CareRay Digital Medical Technology Co Ltd (688607)?
Earnings per share at CareRay Digital Medical Technology Co Ltd are ¥−0.3400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CareRay Digital Medical Technology Co Ltd (688607)?
The dividend yield of CareRay Digital Medical Technology Co Ltd is 0.2%. 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 CareRay Digital Medical Technology Co Ltd (688607)?
The net margin of CareRay Digital Medical Technology Co Ltd is −2.2% (fiscal year 2025). 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 CareRay Digital Medical Technology Co Ltd (688607)?
The return on equity (ROE) of CareRay Digital Medical Technology Co Ltd is −7.1% (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 CareRay Digital Medical Technology Co Ltd (688607)?
On an EBIT basis the return on assets of CareRay Digital Medical Technology Co Ltd is 2.2% (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 CareRay Digital Medical Technology Co Ltd (688607)?
The operating margin of CareRay Digital Medical Technology Co Ltd is −29.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CareRay Digital Medical Technology Co Ltd (688607)?
Revenue at CareRay Digital Medical Technology Co Ltd is growing +3.7% versus a year earlier (3y avg +16.1%). 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 CareRay Digital Medical Technology Co Ltd (688607)?
Earnings per share at CareRay Digital Medical Technology Co Ltd are growing −79.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does CareRay Digital Medical Technology Co Ltd (688607) generate?
The free cash flow of CareRay Digital Medical Technology Co Ltd is −138M 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 cash does CareRay Digital Medical Technology Co Ltd (688607) hold?
CareRay Digital Medical Technology Co Ltd holds more cash than debt, 260M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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