EN DE
Watch HG Semiconductor Ltd for free: we tell you when fair value or trend changes.
Data-driven stock valuation

HG Semiconductor Ltd (6908) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of HG Semiconductor Ltd stock HK$0.27, price HK$0.20, upside +36.0%, quality 28 out of 100. Rating: undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Technology HK · ISIN KYG3970H1056

HS HG Semiconductor Ltd logo Thin data Nov 3, 2026

HG Semiconductor Ltd

6908 · HK
Speculative

The stock costs 26% less than our calculation considers fair.

Fair value HK$0.2666 · Undervalued
Revenue last quarter +56% vs. a year ago.
Mixed vs. peers (4/9)
Quality 28/100
Weak Growth (revenue 5y −4.3 %/yr in CNY)
Loss-making · -75.9% net margin (TTM)
Negative free cash flow
Narrow moat 9/100
Thin data
⟳ Cyclical⚠ Dilution
Watch HG Semiconductor Ltd for free: we tell you when fair value or trend changes. Watch for free

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

HK$8.33 HK$0.1900 Fair Value HK$0.2666 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range HK$0.1900 – HK$8.33 · fair‑value band HK$0.1833 – HK$0.3333 · the HK$0.1960 price screens below the HK$0.2666 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

Follow HG Semiconductor in your weekly email

Every Wednesday you see whether HG Semiconductor is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

HG Semiconductor Limited, an investment holding company, engages in designing, developing, manufacturing, subcontracting, and selling of semiconductor products in the People's Republic of China.

Show moreShow less

The company offers light emitting diode beads, gallium nitride (GaN) chips, and GaN components and related application products.

It is also involved in the research and development of charging solutions for battery system; provision of technical development, consultation, and promotional services; and research and development services.

The company's products are used in consumer and automotive electronics, data centers, renewable energy, and industrial applications. It serves manufacturers of small and medium sized backlight LED modules/panels, LCD panels, and other electronics products.

The company was formerly known as HongGuang Lighting Holdings Company Limited and changed its name to HG Semiconductor Limited in September 2021. HG Semiconductor Limited was founded in 2010 and is headquartered in Central, Hong Kong.

Stock analysis

HG Semiconductor Ltd (6908) currently trades at HK$0.1960, while our model-based Fair Value estimate is HK$0.2666, implying the stock looks roughly 26% undervalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 92/100, which puts the data coverage at low.

Scenario range: HK$0.1833 (bear) to HK$0.3333 (bull), the price of HK$0.1960 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 28/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

HG Semiconductor Ltd reported revenue of 97.8M CNY in FY2025 versus 126M CNY in FY2021, a compound −6.2%/yr. Reported net income was −113M CNY in FY2025.

Key figures

Market cap HK$233M (≈ $29.7M) Micro · P/S ratio 2.16 · Net margin −115% · Return on equity −22.7% · Return on assets (EBIT) −30.8% (5-year average) · Operating margin −75.2% · Revenue (TTM) 116M CNY · Revenue growth (YoY) +56.1%.

Competitive moat

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

What moves the price

The share trades about 63% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 36%, 6908 screens cheaper than that median.

Fair Value models

Bear HK$0.1833 Fair Value HK$0.2666 Bull HK$0.3333
Price HK$0.1960 · Upside +36.0%
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
NCAV (Graham) HK$0.1100 HK$0.1600 HK$0.2000 52
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.1100 HK$0.1600 HK$0.2000 52

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 28/100

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

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 52
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 58
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 0
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. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+29.9%
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.
+3.8%
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.
−4.3%
Start year 2020 (pandemic). Over 10 years: −1.9% a year
Revenue growth 11 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%
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.
−2.9% (2020) → −169.1% (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

Watch 6908, get fair value alerts →

Compare HG Semiconductor Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 · 369 stocks

Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside +36.0% · Top 25%
Profitability
Return on assets −20.2% · Bottom 25%
Net margin (12 months) −75.9% · Bottom 25%
Operating margin (12 months) −75.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 56.1% · Top 25%

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 0.40× · Cheapest 25%
P/S (12 months) 1.71× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)81 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 28
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)0 · sector 21

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 Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SK hynix Inc 000660 1,132,000 KRW 1,501,896 KRW +33% vs 6908
Taiwan Semiconductor Manufacturing Company TSM $375.44 $412.98 +10% vs 6908
NVIDIA Corporation NVDA $186.64 $198.56 +6% vs 6908
Broadcom Inc AVGO $293.69 $300.84 +2% vs 6908
Intel Corporation INTC $56.28 $52.14 −7% vs 6908
Micron Technology, Inc MU $690.00 $619.48 −10% vs 6908
Analog Devices, Inc ADI $363.56 $262.04 −28% vs 6908
Marvell Technology, Inc MRVL $141.20 $87.64 −38% vs 6908
Advanced Micro Devices, Inc AMD $449.04 $148.02 −67% vs 6908
Texas Instruments Incorporated TXN $277.36 $81.25 −71% vs 6908

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

HG Semiconductor Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "HG Semiconductor Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6908

Frequently asked questions

Is HG Semiconductor Ltd (6908) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of HK$0.2666 versus a price of HK$0.1960, about +36% upside (undervalued).
What is the fair value of 6908?
Our model-based fair value for HG Semiconductor Ltd is HK$0.2666 (as of Nov 3, 2026), built from audited fundamentals. The current price: HK$0.1960.
What is the quality score of 6908?
HG Semiconductor Ltd has a Quality Score of 28/100. 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 HG Semiconductor Ltd (6908)?
Our model-based price target is the fair value of HK$0.2666 (as of Nov 3, 2026) from 1 valuation models. Cautious scenario HK$0.1833, optimistic scenario HK$0.3333. It is a calculation from audited fundamentals, not an analyst target.
What is the HG Semiconductor Ltd stock forecast for 2026?
Our models put fair value at HK$0.2666, about +36% upside versus a price of HK$0.1960 (undervalued). Cautious scenario HK$0.1833, optimistic scenario HK$0.3333. The calculation is refreshed regularly with new filings.
What is the revenue of HG Semiconductor Ltd (6908)?
HG Semiconductor Ltd reported trailing-twelve-month revenue of about 116M CNY (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of HG Semiconductor Ltd (6908)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HG Semiconductor Ltd it is HK$0.2666 per share (as of Nov 3, 2026), against a price of HK$0.1960. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is HG Semiconductor Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6908 trades below its calculated fair value: price HK$0.1960, fair value HK$0.2666, a gap of about +36% (undervalued). 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 6908?
No. The price is what the market pays today (HK$0.1960); the fair value is what the company's own numbers justify (HK$0.2666). For HG Semiconductor Ltd the two are HK$0.0706 per share apart. That gap is exactly why we show both numbers side by side.
How much is HG Semiconductor Ltd worth?
The market values HG Semiconductor Ltd at about HK$233M (market capitalisation, as of Nov 3, 2026). Per share that is HK$0.1960; our models calculate a fair value of HK$0.2666 per share.
What do the bullish and bearish scenarios say about 6908?
Our models span a range for HG Semiconductor Ltd: cautious scenario HK$0.1833, base HK$0.2666, optimistic HK$0.3333 per share (as of Nov 3, 2026, price HK$0.1960). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HG Semiconductor Ltd (6908)?
Balance-sheet figures for HG Semiconductor Ltd (as of Nov 3, 2026): return on equity −22.7%. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 6908 from its 52-week high?
HG Semiconductor Ltd trades at HK$0.1960, about 63% below its 52-week high of HK$0.5300 and 3% above the low of HK$0.1900 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2666 is for.
Which stocks are comparable to HG Semiconductor Ltd?
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 HG Semiconductor Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price HK$0.1960, calculated fair value HK$0.2666 (+36%), Quality Score 28/100, from 1 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 6908 calculated?
We run HG Semiconductor Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of HK$0.2666 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. HG Semiconductor Ltd currently trades 26% below its own fair value, and the market average says nothing about that. 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 HG Semiconductor Ltd (6908)?
The closing price on Nov 6, 2026 was HK$0.1960. Our model-based fair value is HK$0.2666, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HG Semiconductor Ltd right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$0.1833 to HK$0.3333) leaves room in how you read the outcome.

Key figures of HG Semiconductor Ltd

How large is the market capitalisation of HG Semiconductor Ltd (6908)?
The market capitalisation of HG Semiconductor Ltd is HK$233M (≈ $29.7M). 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 HG Semiconductor Ltd (6908)?
The price-to-sales ratio of HG Semiconductor Ltd is 2.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of HG Semiconductor Ltd (6908)?
The net margin of HG Semiconductor Ltd is −115% (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 HG Semiconductor Ltd (6908)?
The return on equity (ROE) of HG Semiconductor Ltd is −22.7% (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 HG Semiconductor Ltd (6908)?
On an EBIT basis the return on assets of HG Semiconductor Ltd is −30.8% (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 HG Semiconductor Ltd (6908)?
The operating margin of HG Semiconductor Ltd is −75.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HG Semiconductor Ltd (6908)?
Revenue at HG Semiconductor Ltd is growing +56.1% versus a year earlier (3y avg +3.8%). 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 HG Semiconductor Ltd (6908)?
Earnings per share at HG Semiconductor Ltd are growing −40.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HG Semiconductor Ltd (6908) generate?
The free cash flow of HG Semiconductor Ltd is −73.8M 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 HG Semiconductor Ltd (6908) carry?
The net debt of HG Semiconductor Ltd is 1.9M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch HG Semiconductor Ltd in the live analysis

One click puts HG Semiconductor Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.