HGTECH Company (000988) Fair Value & Analysis
Industrials · CN · Market cap 118B CNY
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 21 days ago
Share price −32.9% over the past month.
A solid business, but screening 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥43.38). The favourable scenario is already priced in.
- The model range is unusually wide (¥14.51 to ¥43.38). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 ¥14.74 – ¥184.61 · fair‑value band ¥14.51 – ¥43.38 · the ¥103.01 price screens above the ¥24.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
HGTECH Company (000988) currently trades at ¥103.01, while our model-based Fair Value estimate is ¥24.87, implying the stock looks roughly 75.9% overvalued today. We read business quality at 60/100 (solid quality), in the Industrials 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, HGTECH Company generated revenue of 15.3B CNY at a net margin of 11.1%. Revenue grew 27.1% year over year. It earns a return on equity of 15.1%. Net debt stands at 2.0B CNY. Fundamentals as of Jul 17, 2026
Our scenario range runs from ¥14.51 (bear case) to ¥43.38 (bull case); at ¥103.01, 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 41% below its 52-week high and 137% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -76%, 000988 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.
All 26 models by family
Widest divergence: Growth Earnings (¥36.40) versus Dividend Discount (¥3.22). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 61
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
HGTECH Company Limited manufactures and sells laser equipment, hologram products, optical communication devices, and electronic components in China and internationally.
Full company description
HGTECH Company Limited manufactures and sells laser equipment, hologram products, optical communication devices, and electronic components in China and internationally. It operates through four divisions: Laser Processing Equipment and Intelligent Manufacturing Production and Sales Division; Optoelectronic Devices Production and Sales Division; Sensitive Components Production and Sales Division; and Laser Holographic Film Products Production and Sales Division. The company offers laser smart equipment, such as laser marking, laser cutting, laser surface treatment, laser welding, specialized equipment, and sheet metal laser cutting, as well as equipment for laser texturing, laser heat treatment system, laser drilling machine, laser and various supporting devices, and plasma cutting equipment; and hologram products, including hologram stickers, hot stamping foils, security hologram, packaging hologram, metalized paper, and barcode products. It also provides optical communication products, including data center, wireless/transmission, access, silicon optical, network terminal, home terminal, and vehicle optical product line; automotive electronic products; PTC and NTC series products; and NTC thermistors, PTC thermistors, sensors, and automotive PTC heaters. The company was incorporated in 1999 and is headquartered in Wuhan, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
HGTECH Company reported revenue of ¥14.3B in FY2025 versus ¥10.2B in FY2021, a compound +8.9%/yr. Reported net income was ¥1.5B in FY2025, compounding +17.9%/yr from FY2021.
000988 screens 76% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 519 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.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
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: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 12.39 SGD | 1.48 SGD | -88% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
Compare HGTECH Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is HGTECH Company (000988) overvalued or undervalued?
What is the fair value of 000988?
What is the quality score of 000988?
What is the revenue of HGTECH Company (000988)?
What is the net profit margin of 000988?
Does HGTECH Company pay a dividend?
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.
Track HGTECH Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.