Daqo New Energy Corp (DQ) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Daqo New Energy Corp stock $19.32, price $12.65, upside +52.7%, quality 44 out of 100. Rating: strongly undervalued. Calculated from audited financials with one 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 $10.08 – $77.79 · fair‑value band $12.74 – $24.14 · the $12.65 price screens below the $19.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. The company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification.
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Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009.
Daqo New Energy Corp. was founded in 2007 and is based in Shanghai, the People's Republic of China.
Stock analysis
Daqo New Energy Corp (DQ) currently trades at $12.65, while our model-based Fair Value estimate is $19.32, implying the stock looks roughly 35% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 81/100, which puts the data coverage at low.
Scenario range: $12.74 (bear) to $24.14 (bull), the price of $12.65 sits below 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 44/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Daqo New Energy Corp ADR reported revenue of $665M in FY2025 versus $1.7B in FY2021, a compound −20.7%/yr. Reported net income was −$171M in FY2025.
Key figures
Market cap $856M Small · P/S ratio 1.44 · EPS (TTM) $−3.41 · Net margin −45.5% · Return on equity −5.4% · Return on assets (EBIT) 13.8% (5-year average) · Operating margin −40.5% · Revenue (TTM) $505M.
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 65% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at 53%, DQ screens cheaper than that median.
Fair Value models
Bear$12.74Fair Value $19.32Bull$24.14
Price $12.65 · Upside +52.7%
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)$6.37$9.66$12.0754
All 1 models by family
Asset-Based
NCAV (Graham)$6.37$9.66$12.0754
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−35.3%
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.
−47.5%
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.
−0.3%
Start year 2020 (pandemic). Over 10 years: +13.8% a year
Revenue growth 17 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.
+15.6%
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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.
27.8% (2020) → −40.6% (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
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
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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.Semiconductor Equipment & Materials · 235 stocks
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). "Daqo New Energy Corp ADR Fair Value". https://www.fairvalue-calculator.com/stock/DQ
Frequently asked questions
Is Daqo New Energy Corp (DQ) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $19.32 versus a price of $12.65, about +53% upside (undervalued).
What is the fair value of DQ?
Our model-based fair value for Daqo New Energy Corp is $19.32 (as of Nov 6, 2026), built from audited fundamentals. The current price: $12.65.
What is the quality score of DQ?
Daqo New Energy Corp has a Quality Score of 44/100. 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 Daqo New Energy Corp (DQ)?
Our model-based price target is the fair value of $19.32 (as of Nov 6, 2026) from 1 valuation models. Cautious scenario $12.74, optimistic scenario $24.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Daqo New Energy Corp ADR stock forecast for 2026?
Our models put fair value at $19.32, about +53% upside versus a price of $12.65 (undervalued). Cautious scenario $12.74, optimistic scenario $24.14. The calculation is refreshed regularly with new filings.
What is the revenue of Daqo New Energy Corp (DQ)?
Daqo New Energy Corp reported trailing-twelve-month revenue of about $505M (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Daqo New Energy Corp (DQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daqo New Energy Corp it is $19.32 per share (as of Nov 6, 2026), against a price of $12.65. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Daqo New Energy Corp ADR stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DQ trades below its calculated fair value: price $12.65, fair value $19.32, a gap of about +53% (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 DQ?
No. The price is what the market pays today ($12.65); the fair value is what the company's own numbers justify ($19.32). For Daqo New Energy Corp the two are $6.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Daqo New Energy Corp ADR worth?
The market values Daqo New Energy Corp at about $856M (market capitalisation, as of Nov 6, 2026). Per share that is $12.65; our models calculate a fair value of $19.32 per share.
What do the bullish and bearish scenarios say about DQ?
Our models span a range for Daqo New Energy Corp: cautious scenario $12.74, base $19.32, optimistic $24.14 per share (as of Nov 6, 2026, price $12.65). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of DQ?
The PEG ratio of Daqo New Energy Corp is 0.17 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Daqo New Energy Corp (DQ)?
Balance-sheet figures for Daqo New Energy Corp (as of Nov 6, 2026): return on equity −5.4%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is DQ from its 52-week high?
Daqo New Energy Corp trades at $12.65, about 65% below its 52-week high of $35.69 and 25% above the low of $10.08 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $19.32 is for.
Which stocks are comparable to Daqo New Energy Corp ADR?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA 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 Daqo New Energy Corp ADR stock attractive at the current price?
The data as of Nov 6, 2026: price $12.65, calculated fair value $19.32 (+53%), Quality Score 44/100, 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 DQ calculated?
We run Daqo New Energy Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $19.32 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. Daqo New Energy Corp currently trades 35% 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 Daqo New Energy Corp (DQ)?
The closing price on Nov 6, 2026 was $12.65. Our model-based fair value is $19.32, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daqo New Energy Corp ADR right now?
The large discount to fair value meets weak quality (44/100). 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 ($12.74 to $24.14) leaves room in how you read the outcome.
Key figures of Daqo New Energy Corp
How large is the market capitalisation of Daqo New Energy Corp (DQ)?
The market capitalisation of Daqo New Energy Corp is $856M. 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 Daqo New Energy Corp (DQ)?
The price-to-sales ratio of Daqo New Energy Corp is 1.44 (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 Daqo New Energy Corp (DQ)?
Earnings per share at Daqo New Energy Corp are $−3.41. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Daqo New Energy Corp (DQ)?
The net margin of Daqo New Energy Corp is −45.5% (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 Daqo New Energy Corp (DQ)?
The return on equity (ROE) of Daqo New Energy Corp is −5.4% (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 Daqo New Energy Corp (DQ)?
On an EBIT basis the return on assets of Daqo New Energy Corp is 13.8% (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 Daqo New Energy Corp (DQ)?
The operating margin of Daqo New Energy Corp is −40.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daqo New Energy Corp (DQ)?
Revenue at Daqo New Energy Corp is growing −20.6% versus a year earlier (3y avg −47.5%). 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 Daqo New Energy Corp (DQ)?
Earnings per share at Daqo New Energy Corp are growing −93.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Daqo New Energy Corp (DQ) generate?
The free cash flow of Daqo New Energy Corp is −$123M (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 Daqo New Energy Corp (DQ) hold?
Daqo New Energy Corp holds more cash than debt, $980M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026