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Tatwah Smartech Co (002512) Fair Value & Analysis

Technology · CN · Market cap 4.7B CNY

TS Tatwah Smartech Co 002512 · SHE
Price¥3.87
Fair Value¥0.9000
Upside-76.7%
Quality39/100
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Weak Growth
Loss-making · -6.3% net margin
Moderate debt · negative free cash flow
Trails peers (3/11)
Narrow moat 16/100
Evidence: Low Range ¥0.5600 – ¥1.22 Share as image

Fair value as of: Jul 22, 2026

From 4 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥0.7900 to ¥0.9000 (+13.9%) since Jun 25, 2026. Share price +25.2% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.22). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (¥0.5600 to ¥1.22) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥8.04 ¥2.40 Fair Value ¥0.9000 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥2.40 – ¥8.04 · fair‑value band ¥0.5600 – ¥1.22 · the ¥3.87 price screens above the ¥0.9000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Tatwah Smartech Co (002512) currently trades at ¥3.87, while our model-based Fair Value estimate is ¥0.9000, implying the stock looks roughly 76.7% overvalued today. The Quality Score stands at 39/100 (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: low).

Over the trailing twelve months, Tatwah Smartech Co generated revenue of 2.0B CNY at a net margin of -6.3%. Revenue grew 53.5% year over year. It earns a return on equity of -32.1%. Net debt stands at 242M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.5600 (bear case) to ¥1.22 (bull case); at ¥3.87, 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 54% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -77%, 002512 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
Gordon GGM ¥0.1500 ¥0.2900 ¥0.4500 70
DDM Multi-Stage ¥0.1500 ¥0.2300 ¥0.3100 61
EV/EBITDA ¥0.3600 ¥0.5300 ¥0.6900 54
All 4 models by family
Dividend Discount
Gordon GGM ¥0.1500 ¥0.2900 ¥0.4500 70
DDM Multi-Stage ¥0.1500 ¥0.2300 ¥0.3100 61
Multiples
EV/EBITDA ¥0.3600 ¥0.5300 ¥0.6900 54
Asset-Based
NCAV (Graham) ¥0.1300 ¥0.1800 ¥0.2600 50

Widest divergence: Multiples (¥0.5300) versus Asset-Based (¥0.1800). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 2.0B CNY
Revenue growth (YoY) +53.5%
Net margin -6.3%
Return on equity -32.1%
Free cash flow −32.4M CNY FY2025
Operating margin 1.0%
More key figures
EPS (TTM) ¥-0.1200
EPS growth (YoY) -80.8%
Net debt 242M CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 35 · Market factors (momentum, volatility) 24

Profitability 15
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 71
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

Tatwah Smartech Co.,Ltd. provides communication networks, digital screens, and digital application services in China and internationally. The company provides satellite terminal products, applications and solutions.

Full company description

Tatwah Smartech Co.,Ltd. provides communication networks, digital screens, and digital application services in China and internationally. The company provides satellite terminal products, applications and solutions. It offers customized screen display terminal product, such as consumer electronics, commercial display, education, elderly care, smart manufacturing, etc. In addition, the company offers digital application services for government, enterprises, oceans, parks, agriculture and rural, and industrial areas. The company was formerly known as TATWAH electronic factory & TATWAH Electronic Co., Ltd. and changed its name to Tatwah Smartech Co.,Ltd. in January 2000. Tatwah Smartech Co.,Ltd. was incorporated in 1993 and is headquartered in Fuzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tatwah Smartech Co reported revenue of ¥1.8B in FY2025 versus ¥2.2B in FY2021, a compound −4.7%/yr. Reported net income was −¥202M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
−4.3%
Avg. growth/yr (3Y)
+2.0%
Avg. growth/yr (5Y)
−2.7%
Avg. growth/yr (18Y)
+15.1%
Revenue −4.7%/yr
FY21 ¥2.2B
FY22 ¥1.7B
FY23 ¥2.0B
FY24 ¥1.9B
FY25 ¥1.8B
Net income
FY21 −¥514M
FY22 −¥327M
FY23 −¥356M
FY24 ¥24.2M
FY25 −¥202M

002512 screens 77% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Tatwah Smartech Co Fair Value". https://www.fairvalue-calculator.com/stock/002512

Peer Group

Semiconductors · 319 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 39 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth 54% · Top 25%
Debt / equity 0.85× · Higher than 75% of peers

Valuation Multiples vs Semiconductors median · lower = cheaper

P/B 2.42× · Cheaper than median
P/S (TTM) 0.35× · Cheaper than 75% of peers
EV/EBITDA 23.3× · Pricier than median

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 100 · sector 60
PAST 0 · sector 24
HEALTH 58 · sector 97
DIVIDEND 0 · sector 22

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Tatwah Smartech Co (002512) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.9000 versus a price of ¥3.87, about −77% (overvalued).
What is the fair value of 002512?
Our model-based fair value for Tatwah Smartech Co is ¥0.9000 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥3.87.
What is the quality score of 002512?
Tatwah Smartech Co has a Quality Score of 39/100. 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 Tatwah Smartech Co (002512)?
Tatwah Smartech Co reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002512?
The net profit margin of Tatwah Smartech Co is about -6.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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