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Guangdong Fenghua Advanced Technology (Holding) Co (000636) Fair Value & Analysis

Technology · CN · Market cap 53.8B CNY

GF Guangdong Fenghua Advanced Technology (Holding) Co 000636 · SHE
Price¥58.29
Fair Value¥5.83
Upside-90.0%
Quality48/100
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Mixed Growth
Thin margins · 5.1% net margin
Low debt · generates free cash flow
0.19% dividend yield
Trails peers (3/14)
Narrow moat 32/100
Evidence: High Range ¥4.37 – ¥7.29 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from ¥7.87 to ¥5.83 (−25.9%) since Jun 25, 2026. Share price −3.8% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.29). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥80.15 ¥8.96 Fair Value ¥5.83 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range ¥8.96 – ¥80.15 · fair‑value band ¥4.37 – ¥7.29 · the ¥58.29 price screens above the ¥5.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Guangdong Fenghua Advanced Technology (Holding) Co (000636) currently trades at ¥58.29, while our model-based Fair Value estimate is ¥5.83, implying the stock looks roughly 90.0% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Guangdong Fenghua Advanced Technology (Holding) Co generated revenue of 6.0B CNY at a net margin of 5.1%. Revenue grew 18.9% year over year. It earns a return on equity of 2.5%. The balance sheet holds a net cash position of 4.2B CNY. Fundamentals as of Jul 17, 2026

Our scenario range runs from ¥4.37 (bear case) to ¥7.29 (bull case); at ¥58.29, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 356% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -90%, 000636 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥5.28 ¥6.37 ¥8.15 80
Residual Income ¥7.58 ¥7.28 ¥6.02 76
Rev-Margin DCF ¥6.18 ¥8.15 ¥10.58 74
All 26 models by family
DCF Models
FCF DCF ¥5.28 ¥6.42 ¥8.30 38
Owner Earnings ¥10.56 ¥15.39 ¥23.33 31
5Y Revenue Exit ¥6.18 ¥8.21 ¥10.94 39
5Y EBITDA Exit ¥9.33 ¥14.44 ¥20.77 41
5Y P/E Exit ¥6.84 ¥9.52 ¥12.50 38
10Y Revenue Exit ¥5.75 ¥7.56 ¥10.26 36
10Y EBITDA Exit ¥7.90 ¥12.02 ¥18.17 37
10Y P/E Exit ¥6.28 ¥8.50 ¥11.51 35
Earnings-Based
Graham-Dodd ¥1.98 ¥7.90 ¥10.73 54
Lynch FV ¥1.96 ¥2.80 ¥3.64 50
PEG = 1.0 ¥1.96 ¥2.80 ¥3.64 46
EPV ¥6.53 ¥7.01 ¥7.43 59
Dividend Discount
Gordon GGM ¥0.5400 ¥1.11 ¥1.77 70
DDM Multi-Stage ¥0.5400 ¥0.9400 ¥1.17 61
Multiples
P/E Multiple ¥4.37 ¥5.83 ¥7.29 63
P/S Multiple ¥3.72 ¥4.96 ¥6.20 58
P/B Multiple ¥3.72 ¥4.96 ¥6.20 55
EV/EBIT ¥8.19 ¥9.71 ¥11.22 53
EV/EBITDA ¥12.12 ¥14.95 ¥17.77 54
EV/Revenue ¥6.71 ¥8.02 ¥9.34 43
Asset-Based
NCAV (Graham) ¥5.28 ¥7.08 ¥10.56 50
Growth DCF
Growth DCF ¥5.28 ¥6.37 ¥8.15 80
Rev-Margin DCF ¥6.18 ¥8.15 ¥10.58 74
Economic Profit
Residual Income ¥7.58 ¥7.28 ¥6.02 76
ROIC Compounder ¥6.53 ¥7.01 ¥7.43 72
Growth Earnings
Growth-Adj P/E ¥3.36 ¥4.80 ¥6.23 68

Widest divergence: DCF Models (¥8.50) versus Dividend Discount (¥0.9400). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.0B CNY
Revenue growth (YoY) +18.9%
Net margin 5.1%
Return on equity 2.5%
Free cash flow 155M CNY FY2024
P/E ratio 220.9
More key figures
Operating margin 4.3%
EPS (TTM) ¥0.2700
Dividend yield 0.2%
EPS growth (YoY) +33.3%
Net cash 4.2B CNY FY2024

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 66

Profitability 22
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 37
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. engages in the research, development, production, and sale of electronic components and electronic materials in Mainland China and internationally.

Full company description

Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. engages in the research, development, production, and sale of electronic components and electronic materials in Mainland China and internationally. The company offers MLCCs, chip resistors, inductors, varistors, thermistors, aluminum electrolytic capacitors, disc capacitors, ceramic filters, and supercapacitors. Its products are used in automotive electronics, smart terminals, industrial and control automation, home appliances, PCs, new energy, AI computing power, drones, energy storage, and medical fields. The company was founded in 1984 and is headquartered in Zhaoqing, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Guangdong Fenghua Advanced Technology (Holding) Co reported revenue of ¥4.9B in FY2024 versus ¥4.3B in FY2020, a compound +3.3%/yr. Reported net income was ¥337M in FY2024, compounding −1.5%/yr from FY2020.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
4.9B CNY
Latest YoY
+17.0%
Avg. growth/yr (3Y)
−0.8%
Avg. growth/yr (5Y)
+8.4%
Avg. growth/yr (31Y)
+16.3%
Revenue +3.3%/yr
FY20 ¥4.3B
FY21 ¥5.1B
FY22 ¥3.9B
FY23 ¥4.2B
FY24 ¥4.9B
Net income −1.5%/yr
FY20 ¥359M
FY21 ¥943M
FY22 ¥327M
FY23 ¥173M
FY24 ¥337M

000636 screens 90% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Guangdong Fenghua Advanced Technology (Holding) Co Fair Value". https://www.fairvalue-calculator.com/stock/000636

Peer Group

Electronic Components · 626 stocks

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.

Quality Score 48 · Below median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 19% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 172.3× · Pricier than 75% of peers
P/B 4.40× · Pricier than median
P/S (TTM) 8.98× · Pricier than 75% of peers
P/FCF 51.4× · Pricier than 75% of peers
EV/EBITDA 56.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 95 · sector 32
PAST 10 · sector 24
HEALTH 99 · sector 95
DIVIDEND 4 · sector 25

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Guangdong Fenghua Advanced Technology (Holding) Co (000636) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of ¥5.83 versus a price of ¥58.29, about −90% (overvalued).
What is the fair value of 000636?
Our model-based fair value for Guangdong Fenghua Advanced Technology (Holding) Co is ¥5.83 (as of Jul 17, 2026), built from audited fundamentals. The current price is ¥58.29.
What is the quality score of 000636?
Guangdong Fenghua Advanced Technology (Holding) Co has a Quality Score of 48/100. 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 revenue of Guangdong Fenghua Advanced Technology (Holding) Co (000636)?
Guangdong Fenghua Advanced Technology (Holding) Co reported trailing-twelve-month revenue of about 6.0B CNY (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 000636?
The net profit margin of Guangdong Fenghua Advanced Technology (Holding) Co is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.
Does Guangdong Fenghua Advanced Technology (Holding) Co pay a dividend?
Guangdong Fenghua Advanced Technology (Holding) Co currently shows a dividend yield of about 0.16% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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