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Jiangsu Yoke Technology Co (002409) Fair Value & Analysis

Technology · CN · Market cap 89.2B CNY

JY Jiangsu Yoke Technology Co 002409 · SHE
Price¥148.78
Fair Value¥35.73
Upside-76.0%
Quality54/100
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Expensive Growth
Solidly profitable · 11.9% net margin
Low debt · negative free cash flow
0.33% dividend yield
Trails peers (4/13)
Moderate moat 53/100
Evidence: Medium Range ¥26.80 – ¥51.32 Share as image

Fair value as of: Jul 15, 2026

From 17 valuation models · updated 25 days ago

Share price −21.7% 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 (¥51.32). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥26.80 to ¥51.32) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥236.09 ¥33.49 Fair Value ¥35.73 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range ¥33.49 – ¥236.09 · fair‑value band ¥26.80 – ¥51.32 · the ¥148.78 price screens above the ¥35.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Jiangsu Yoke Technology Co (002409) currently trades at ¥148.78, while our model-based Fair Value estimate is ¥35.73, implying the stock looks roughly 76.0% overvalued today. The Quality Score stands at 54/100 (solid 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: medium).

Over the trailing twelve months, Jiangsu Yoke Technology Co generated revenue of 8.5B CNY at a net margin of 11.9%. Revenue declined 6.8% year over year. It earns a return on equity of 10.3%. Net debt stands at 1.7B CNY. Fundamentals as of Jul 15, 2026

Our scenario range runs from ¥26.80 (bear case) to ¥51.32 (bull case); at ¥148.78, 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 near its 52-week high and 193% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -76%, 002409 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
Residual Income ¥15.61 ¥18.94 ¥41.27 76
ROIC Compounder ¥28.24 ¥42.51 ¥53.22 72
Gordon GGM ¥7.15 ¥14.87 ¥23.59 70
All 17 models by family
DCF Models
Owner Earnings ¥5.41 ¥14.61 ¥33.91 31
Earnings-Based
Graham-Dodd ¥14.29 ¥99.67 ¥139.88 54
Lynch FV ¥33.06 ¥47.23 ¥61.40 50
PEG = 1.0 ¥33.06 ¥47.23 ¥61.40 46
EPV ¥22.92 ¥27.04 ¥30.64 59
Dividend Discount
Gordon GGM ¥7.15 ¥14.87 ¥23.59 70
DDM Multi-Stage ¥7.15 ¥12.54 ¥15.61 61
Multiples
P/E Multiple ¥26.80 ¥35.73 ¥44.66 63
P/S Multiple ¥20.36 ¥27.14 ¥33.93 58
P/B Multiple ¥26.80 ¥35.73 ¥44.66 55
EV/EBIT ¥30.08 ¥40.71 ¥51.34 53
EV/EBITDA ¥28.85 ¥39.06 ¥49.28 54
EV/Revenue ¥17.20 ¥25.34 ¥33.48 43
Asset-Based
NCAV (Graham) ¥8.27 ¥11.08 ¥16.53 50
Economic Profit
Residual Income ¥15.61 ¥18.94 ¥41.27 76
ROIC Compounder ¥28.24 ¥42.51 ¥53.22 72
Growth Earnings
Growth-Adj P/E ¥40.29 ¥57.55 ¥74.82 68

Widest divergence: Growth Earnings (¥57.55) versus Asset-Based (¥11.08). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 8.5B CNY
Revenue growth (YoY) -6.8%
Net margin 11.9%
Return on equity 10.3%
Free cash flow −250M CNY FY2025
P/E ratio 89.3
More key figures
Operating margin 17.8%
EPS (TTM) ¥2.10
Dividend yield 0.3%
EPS growth (YoY) +2.5%
Net debt 1.7B CNY FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 78

Profitability 42
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 82
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

Jiangsu Yoke Technology Co., Ltd. engages in the electronic materials, liquefied natural gas (LNG) thermal insulation board related, and flame-retardant businesses in China and internationally.

Full company description

Jiangsu Yoke Technology Co., Ltd. engages in the electronic materials, liquefied natural gas (LNG) thermal insulation board related, and flame-retardant businesses in China and internationally. The company provides electronic material products, including semiconductor precursor materials/spin-on-insulation dielectric (SOD), photoresist and supporting reagents, electronic special gases, silicon micropowder products, semiconductor material delivery system (LDS), etc. It is also involved in the production and sales of silica fillers for electronic packaging, and sulfur hexafluoride and tetrafluoromethane; sale of semiconductor materials, and general mechanical equipment and accessories; leasing of ship, mechanical, and electrical equipment; LNG pipeline engineering design, construction, technical consulting, development, and servicing activities; technology research and development, manufacturing, and sale of semiconductor devices, batteries, liquid crystal displays, and instruments; and sale of special chemical and photoresist products. The company was formerly known as Jiangsu Yake Chemical Co., Ltd. Jiangsu Yoke Technology Co., Ltd. was founded in 1997 and is based in Wuxi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Yoke Technology Co reported revenue of ¥8.6B in FY2025 versus ¥3.8B in FY2021, a compound +22.8%/yr. Reported net income was ¥1.0B in FY2025, compounding +31.5%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
8.6B CNY
Latest YoY
+25.5%
Avg. growth/yr (3Y)
+26.4%
Avg. growth/yr (5Y)
+30.5%
Avg. growth/yr (19Y)
+20.2%
Revenue +22.8%/yr
FY21 ¥3.8B
FY22 ¥4.3B
FY23 ¥4.7B
FY24 ¥6.9B
FY25 ¥8.6B
Net income +31.5%/yr
FY21 ¥335M
FY22 ¥525M
FY23 ¥579M
FY24 ¥872M
FY25 ¥1.0B

002409 screens 76% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Jiangsu Yoke Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/002409

Peer Group

Semiconductor Equipment & Materials · 211 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 54 · Below median
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 18% · Above median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.44× · Higher than 75% of peers

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 89.3× · Pricier than median
P/B 11.34× · Pricier than 75% of peers
P/S (TTM) 10.54× · Pricier than 75% of peers
EV/EBITDA 49.0× · 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 0 · sector 58
PAST 41 · sector 30
HEALTH 78 · sector 96
DIVIDEND 7 · sector 16

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.

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Jiangsu Yoke Technology Co (002409) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of ¥35.73 versus a price of ¥148.78, about −76% (overvalued).
What is the fair value of 002409?
Our model-based fair value for Jiangsu Yoke Technology Co is ¥35.73 (as of Jul 15, 2026), built from audited fundamentals. The current price is ¥148.78.
What is the quality score of 002409?
Jiangsu Yoke Technology Co has a Quality Score of 54/100. 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 Jiangsu Yoke Technology Co (002409)?
Jiangsu Yoke Technology Co reported trailing-twelve-month revenue of about 8.5B CNY (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 002409?
The net profit margin of Jiangsu Yoke Technology Co is about 11.9%, meaning it keeps roughly 11.9% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Yoke Technology Co pay a dividend?
Jiangsu Yoke Technology Co currently shows a dividend yield of about 0.53% relative to its recent price (as of Jul 15, 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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