Changchun UP Optotech Co Ltd (002338) Fair Value & Analysis
Technology · CN · Market cap 13.0B CNY (≈ $1.9B) · ISIN CNE100000K80
What is Changchun UP Optotech Co Ltd really worth?
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Below-average quality, and trading another 754% above our fair value of ¥4.75.
Strengths
Risks
For context
Fair value as of: Aug 28, 2026
From 17 valuation models · updated 8 days ago
Share price +1.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥7.14). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (46/100) 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 Aug 28, 2026.
How to read this chart
60‑month range ¥13.77 – ¥67.82 · fair‑value band ¥4.28 – ¥7.14 · the ¥40.55 price screens above the ¥4.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Changchun UP Optotech Co Ltd (002338) currently trades at ¥40.55, while our model-based Fair Value estimate is ¥4.75, implying the stock looks roughly 754.0% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥9.33 per share, and 0 of the 17 models we run sit above the ¥40.55 price. Bear case: the Dividend Discount group reads lowest at ¥1.08, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Changchun UP Optotech Co Ltd generated revenue of 860M CNY at a net margin of 11.4%. Revenue grew 36.5% year over year. It earns a return on equity of 8.3%. Net debt stands at 16.1M CNY. Fundamentals as of Aug 28, 2026
Our scenario range runs from ¥4.28 (bear case) to ¥7.14 (bull case); at ¥40.55, 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −55% fair-value upside, at −88%, 002338 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2024 figures, and about 12 months have passed since. In that time the company retained roughly ¥0.3400 per share, which is 7.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 17 models by family
Widest divergence: DCF Models (¥9.33) versus Dividend Discount (¥1.08). Highest evidence: Residual Income (76).
Notify me when 002338 reaches fair value
Put 002338 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 22
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Changchun UP Optotech Co.,Ltd. engages in the research, development, production, and sale of photoelectric measurement and control equipment products in China.
Full company description
Changchun UP Optotech Co.,Ltd. engages in the research, development, production, and sale of photoelectric measurement and control equipment products in China. It also offers optomechanical instruments, optomechanical integrated equipment, optical materials, optical components, medical equipment, disinfection equipment, grating encoders products, composite material products, and disinfectants. Its products include photoelectric theodolite, aerospace products, space camera, K9 Optical Glass, Coating materials; and medical devices, including special visual inspection device, portable digital inclinometer, tilting bed, vestibular function checker, dark adaptation checker, rapid physical examination device, cervical psoas muscle trainer, high-throughput cell screener, large field of view imaging analyzer, acidic oxidation potential water, and intravenous fluid aids. Further, it is involved in import business of mechanical equipment, spare parts, raw and auxiliary materials, and technologies. The company was founded in 2001 and is based in Changchun, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Changchun UP Optotech Co Ltd reported revenue of 745M CNY in FY2024 versus 441M CNY in FY2020, a compound +14.0%/yr. Reported net income was 66.4M CNY in FY2024, compounding +7.9%/yr from FY2020.
of which total revenue +8.5 % · buybacks/dilution +0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
002338 screens 754% overvalued. Compare with Keysight Technologies, Inc →
Peer Group
Scientific & Technical Instruments · 164 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 Scientific & Technical Instruments median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $316.13 | $107.22 | −66% |
| Garmin Ltd GRMN | $309.98 | $139.44 | −55% |
| Teledyne Technologies Incorporated TDY | $607.87 | $488.95 | −20% |
| Chroma ATE Inc 2360 | 2,195 TWD | 322.57 TWD | −85% |
| Hexagon AB HEXAB | kr 99.00 | kr 74.09 | −25% |
| MKS Inc MKSI | $281.60 | $76.00 | −73% |
| AVIC Chengdu Aircraft Company 302132 | ¥60.00 | ¥24.39 | −59% |
| Fortive Corporation FTV | $61.54 | $33.48 | −46% |
| Trimble Inc TRMB | $56.99 | $34.12 | −40% |
| Cognex Corporation CGNX | $60.79 | $19.25 | −68% |
Compare Changchun UP Optotech Co Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Changchun UP Optotech Co Ltd (002338) overvalued or undervalued?
What is the fair value of 002338?
What is the quality score of 002338?
What is the revenue of Changchun UP Optotech Co Ltd (002338)?
What is the net profit margin of 002338?
Does Changchun UP Optotech Co Ltd pay a dividend?
Watch Changchun UP Optotech Co Ltd in the live analysis
One click puts Changchun UP Optotech Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.