Han'S Laser Tech A (002008) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Han'S Laser Tech A stock ¥24.27, price ¥54.82, that is 55.7% below the price, quality 64 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ¥14.39 – ¥152.80 · fair‑value band ¥17.99 – ¥30.47 · the ¥54.82 price screens above the ¥24.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Han's Laser Technology Industry Group Co., Ltd., together with its subsidiaries, researches, develops, produces, and sells intelligent manufacturing equipment in China and internationally.
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It offers laser marking machines, such as fiber laser marking, UV laser marking, flying marking machine, PCBA and IC and Wafer marking, picosecond laser marking machine, and CO2 laser marking; laser cutting machine, such as sheet metal cutting, wafer and PCBA cutting, precision cutting, and wire-stripping, as well as PV industry; and laser welding machines comprising precision welding, YAG welder, fiber laser welder, mold repair welder, jewelry dot welding machine, and semiconductor laser source.
The company also provides leak tester, automation products which includes trim automated assembly machine, Rcam automated assembly machine, automated weld SP to BAND, automated laser marking machine, and Gap and Step.
In addition, it offers UV nanosecond/femtosecond laser, CO2 laser, femtosecond/infrared sub-nanosecond laser, welding laser, CW fiber laser, and pulse fiber laser; wire bonder semiconductor packaging equipment; 3D printers consisting of selective laser melting, metal powder deposition, and laser metal feed energy deposition equipment; and motor products.
The company's products are used in electronic and semiconductor, mechanical hardware, new energy, packaging industry, brittle material industry, auto industry, PCB industry, and other applications. It also provides equipment installation, sample test, and after-sales services.
The company was formerly known as Han's Laser Technology Co., Ltd. and changed its name to Han's Laser Technology Industry Group Co., Ltd. in November 2014. Han's Laser Technology Industry Group Co., Ltd. was founded in 1996 and is headquartered in Shenzhen, China.
Stock analysis
Han'S Laser Tech A (002008) currently trades at ¥54.82, while our model-based Fair Value estimate is ¥24.27, 56% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥28.60 per share, and 1 of the 26 models we run sit above the ¥54.82 price.
Bear case: the Asset-Based group reads lowest at ¥4.47, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥17.99 (bear) to ¥30.47 (bull), the price of ¥54.82 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 64/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Han'S Laser Tech A reported revenue of 18.8B CNY in FY2025 versus 16.3B CNY in FY2021, a compound +3.5%/yr. Reported net income was 1.2B CNY in FY2025, compounding −12.1%/yr from FY2021.
Key figures
Market cap 56.4B CNY (≈ $8.5B) Mid · P/E ratio 22.7 · P/S ratio 2.05 · EPS (TTM) ¥2.42 · Dividend yield 0.4% · Net margin 9.1% · Return on equity 13.6% · Return on assets (EBIT) 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 64% below its 52-week high and 57% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −47% fair-value upside, at −56%, 002008 screens richer than that median.
Fair Value models
Bear¥17.99Fair Value ¥24.27Bull¥30.47
Price ¥54.82 · Downside -55.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥1.88 per share) are deliberately not added.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.
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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+27.0%
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.
+7.8%
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.
+9.5%
Start year 2020 (pandemic). Over 10 years: +12.9% a year
Revenue growth 24 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.
+24.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.4%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.4% vs 5.0%, steady
Profit margin 2020 to 2025 ⓘ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.9% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+26.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +33.6% a year for the price and +24.1% for the forecasts.
AI conclusion: AI server and new-energy demand drives sharp revenue and profit growth in PCB equipment, yet the main weakness remains negative operating cash flow from rising working capital alongside low returns on equity.
Main risk: Continued buildup of receivables and inventory from equipment deliveries could keep operating cash flow negative and limit returns on invested capital.
Han's Laser is posting sharp revenue and profit gains as demand for its PCB equipment tied to AI servers and new-energy applications accelerates. Yet operating cash flow has stayed negative amid rising receivables and inventory tied to deliveries. Our models see the shares as overvalued. Does the business convert its AI-driven top-line momentum into sustainable free cash flow, or will working-capital demands keep pressuring returns?
Price, fair value, quality and upside side by side.
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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.Specialty Industrial Machinery · 808 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−55.7% · Below median
Profitability
Return on equity (12 months)13.6% · Top 25%
Return on assets3.1% · Below median
Net margin (12 months)9.1% · Above median
Operating margin (12 months)17.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)58.1% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)22.7× · Cheaper than median
P/B3.27× · Pricier than median
P/S (12 months)2.05× · Cheaper than median
Price / free cash flow68.0× · Priciest 25%
EV/EBITDA11.9× · Cheaper than median
PEG0.76× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 31
PAST (return on equity)54· sector 28
HEALTH (low debt)92· sector 96
DIVIDEND (yield)7· sector 29
VALUE 0: the price sits above our fair-value range.
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). "Han'S Laser Tech A Fair Value". https://www.fairvalue-calculator.com/stock/002008
Frequently asked questions
Is Han'S Laser Tech A (002008) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of ¥24.27 versus a price of ¥54.82, about 56% lower (overvalued).
What is the fair value of 002008?
Our model-based fair value for Han'S Laser Tech A is ¥24.27 (as of Nov 2, 2026), built from audited fundamentals. The current price: ¥54.82.
What is the quality score of 002008?
Han'S Laser Tech A has a Quality Score of 64/100. 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 Han'S Laser Tech A (002008)?
Our model-based price target is the fair value of ¥24.27 (as of Nov 2, 2026) from 26 valuation models. Cautious scenario ¥17.99, optimistic scenario ¥30.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Han'S Laser Tech A stock forecast for 2026?
Our models put fair value at ¥24.27, about 56% lower versus a price of ¥54.82 (overvalued). Cautious scenario ¥17.99, optimistic scenario ¥30.47. The calculation is refreshed regularly with new filings.
What is the revenue of Han'S Laser Tech A (002008)?
Han'S Laser Tech A reported trailing-twelve-month revenue of about 27.5B CNY (latest available figure, as of Nov 2, 2026).
Does Han'S Laser Tech A pay a dividend?
Han'S Laser Tech A currently shows a dividend yield of 0.36% relative to its recent price (as of Nov 2, 2026).
What growth is priced into Han'S Laser Tech A (002008)?
For today's price to be fair in a discounted-cash-flow model, Han'S Laser Tech A would have to grow free cash flow by +35.8 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.5 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of 002008 use?
Our models discount Han'S Laser Tech A at 12.5 %: a base by market capitalisation (mid), damped by beta 1.79, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Han'S Laser Tech A that is +35.8 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Han'S Laser Tech A (002008) delivered so far?
Over the past 5 years revenue at Han'S Laser Tech A grew +9.5 % a year. The price currently implies +35.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Han'S Laser Tech A (002008) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Han'S Laser Tech A (+35.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Han'S Laser Tech A (002008)?
The free-cash-flow yield on the price is 1.47 %: that much free cash flow Han'S Laser Tech A produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Han'S Laser Tech A (002008)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Han'S Laser Tech A it is ¥24.27 per share (as of Nov 2, 2026), against a price of ¥54.82. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Han'S Laser Tech A stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 002008 trades above its calculated fair value: price ¥54.82, fair value ¥24.27, a gap of about −56% (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 002008?
No. The price is what the market pays today (¥54.82); the fair value is what the company's own numbers justify (¥24.27). For Han'S Laser Tech A the two are ¥30.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Han'S Laser Tech A worth?
The market values Han'S Laser Tech A at about 56.4B CNY (market capitalisation, as of Nov 2, 2026). Per share that is ¥54.82; our models calculate a fair value of ¥24.27 per share.
What do the bullish and bearish scenarios say about 002008?
Our models span a range for Han'S Laser Tech A: cautious scenario ¥17.99, base ¥24.27, optimistic ¥30.47 per share (as of Nov 2, 2026, price ¥54.82). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002008?
Han'S Laser Tech A trades at a price-to-earnings ratio of 22.7 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥24.27 is built from several models across several years. Other multiples: PEG 0.8, P/B 3.3, P/S 2.1, EV/EBITDA 11.9.
What is the PEG ratio of 002008?
The PEG ratio of Han'S Laser Tech A is 0.76 (P/E divided by earnings growth, as of Nov 2, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Han'S Laser Tech A (002008)?
Balance-sheet figures for Han'S Laser Tech A (as of Nov 2, 2026): return on equity 13.6%, debt of 0.15 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 002008 from its 52-week high?
Han'S Laser Tech A trades at ¥54.82, about 64% below its 52-week high of ¥152.80 and 57% above the low of ¥34.85 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥24.27 is for.
Which stocks are comparable to Han'S Laser Tech A?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 Han'S Laser Tech A stock attractive at the current price?
The data as of Nov 2, 2026: price ¥54.82, calculated fair value ¥24.27 (−56%), Quality Score 64/100, from 26 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 002008 calculated?
We run Han'S Laser Tech A through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥24.27, 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 15.0% above its aggregate fair value. Han'S Laser Tech A 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 Han'S Laser Tech A (002008)?
The closing price on Nov 5, 2026 was ¥54.82. Our model-based fair value is ¥24.27, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Han'S Laser Tech A right now?
The price sits above even our optimistic bull case (¥30.47). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Han'S Laser Tech A (002008) come from?
Earnings per share at Han'S Laser Tech A grew +7.2 % a year from 2013 to 2024. Broken into its drivers: revenue per share +12.3 %, EBIT margin −2.4 %, tax rate +1.3 %, residual (interest, one-offs) −3.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Han'S Laser Tech A
How large is the market capitalisation of Han'S Laser Tech A (002008)?
The market capitalisation of Han'S Laser Tech A is 56.4B CNY (≈ $8.5B). 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 Han'S Laser Tech A (002008)?
The price-to-sales ratio of Han'S Laser Tech A is 2.05 (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 Han'S Laser Tech A (002008)?
Earnings per share at Han'S Laser Tech A are ¥2.42 (price ÷ EPS = P/E 22.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Han'S Laser Tech A (002008)?
The dividend yield of Han'S Laser Tech A is 0.4% (payout 8.3%). 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 Han'S Laser Tech A (002008)?
The net margin of Han'S Laser Tech A is 9.1% (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 Han'S Laser Tech A (002008)?
The return on equity (ROE) of Han'S Laser Tech A is 13.6% (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 Han'S Laser Tech A (002008)?
On an EBIT basis the return on assets of Han'S Laser Tech A is 4.9% (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 Han'S Laser Tech A (002008)?
The operating margin of Han'S Laser Tech A is 17.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Han'S Laser Tech A (002008)?
Revenue at Han'S Laser Tech A is growing +58.1% versus a year earlier (3y avg +7.8%). 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 Han'S Laser Tech A (002008)?
Earnings per share at Han'S Laser Tech A are growing +140% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Han'S Laser Tech A (002008) hold?
Han'S Laser Tech A holds more cash than debt, 3.2B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 2, 2026