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Hebei Sinopack Electronic Technology Co (003031) Fair Value & Analysis

Technology · CN · Market cap 49.8B CNY

HS Hebei Sinopack Electronic Technology Co 003031 · SHE
Price¥111.76
Fair Value¥26.20
Upside-76.6%
Quality56/100
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Healthy Growth
Solidly profitable · 18.8% net margin
Low debt · generates free cash flow
0.37% dividend yield
Mixed vs. peers (7/14)
Moderate moat 60/100
Evidence: Medium Range ¥19.65 – ¥32.75 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 21 days ago

Share price −24.2% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥32.75). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥195.57 ¥18.02 Fair Value ¥26.20 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range ¥18.02 – ¥195.57 · fair‑value band ¥19.65 – ¥32.75 · the ¥111.76 price screens above the ¥26.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Hebei Sinopack Electronic Technology Co (003031) currently trades at ¥111.76, while our model-based Fair Value estimate is ¥26.20, implying the stock looks roughly 76.6% overvalued today. We read business quality at 56/100 (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, Hebei Sinopack Electronic Technology Co generated revenue of 3.4B CNY at a net margin of 18.8%. Revenue grew 79.0% year over year. It earns a return on equity of 10.5%. The balance sheet holds a net cash position of 2.5B CNY. Fundamentals as of Jul 18, 2026

Our scenario range runs from ¥19.65 (bear case) to ¥32.75 (bull case); at ¥111.76, 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 36% below its 52-week high and 147% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -77%, 003031 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
Growth DCF ¥22.52 ¥35.95 ¥63.09 80
Residual Income ¥12.10 ¥13.17 ¥17.35 76
Rev-Margin DCF ¥20.16 ¥33.88 ¥55.26 74
All 26 models by family
DCF Models
FCF DCF ¥23.51 ¥33.03 ¥63.34 38
Owner Earnings ¥15.90 ¥27.37 ¥51.44 31
5Y Revenue Exit ¥20.16 ¥30.53 ¥51.57 39
5Y EBITDA Exit ¥25.07 ¥40.73 ¥70.58 41
5Y P/E Exit ¥25.12 ¥47.10 ¥76.46 38
10Y Revenue Exit ¥20.65 ¥36.26 ¥49.41 36
10Y EBITDA Exit ¥24.67 ¥46.28 ¥87.09 37
10Y P/E Exit ¥24.70 ¥46.38 ¥84.95 35
Earnings-Based
Graham-Dodd ¥8.48 ¥59.16 ¥83.02 54
Lynch FV ¥20.08 ¥28.69 ¥37.30 50
PEG = 1.0 ¥20.08 ¥28.69 ¥37.30 46
EPV ¥19.45 ¥21.54 ¥23.37 59
Dividend Discount
Gordon GGM ¥3.86 ¥8.02 ¥12.72 70
DDM Multi-Stage ¥3.86 ¥6.76 ¥8.42 61
Multiples
P/E Multiple ¥18.71 ¥24.95 ¥31.19 63
P/S Multiple ¥11.96 ¥15.95 ¥19.94 58
P/B Multiple ¥15.91 ¥21.21 ¥26.51 55
EV/EBIT ¥26.66 ¥33.24 ¥39.83 53
EV/EBITDA ¥25.55 ¥31.77 ¥37.98 54
EV/Revenue ¥18.08 ¥22.86 ¥27.65 43
Asset-Based
NCAV (Graham) ¥7.11 ¥9.53 ¥14.22 50
Growth DCF
Growth DCF ¥22.52 ¥35.95 ¥63.09 80
Rev-Margin DCF ¥20.16 ¥33.88 ¥55.26 74
Economic Profit
Residual Income ¥12.10 ¥13.17 ¥17.35 76
ROIC Compounder ¥22.96 ¥31.48 ¥38.01 72
Growth Earnings
Growth-Adj P/E ¥25.87 ¥36.95 ¥48.04 68

Widest divergence: Growth Earnings (¥36.95) versus Dividend Discount (¥6.76). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.4B CNY
Revenue growth (YoY) +79.0%
Net margin 18.8%
Return on equity 10.5%
Free cash flow 445M CNY FY2025
P/E ratio 78.3
More key figures
Operating margin 20.7%
EPS (TTM) ¥1.41
Dividend yield 0.3%
EPS growth (YoY) +59.3%
Net cash 2.5B CNY FY2024

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 65

Profitability 42
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 4
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 38
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

Hebei Sinopack Electronic Technology Co.,Ltd. develops, produces, and sells electronic ceramic products in China and internationally. The company operates in two segments, Third-Generation Semiconductor Devices and Modules; and Electronic Ceramic Materials and Components.

Full company description

Hebei Sinopack Electronic Technology Co.,Ltd. develops, produces, and sells electronic ceramic products in China and internationally. The company operates in two segments, Third-Generation Semiconductor Devices and Modules; and Electronic Ceramic Materials and Components. The Third-Generation Semiconductor Devices and Modules provides gallium nitride communication base station RF chips and devices and silicon carbide power modules. The Electronic Ceramics business segment offers electronic ceramic casings for communication devices, electronic ceramic casings for industrial lasers, consumer electronic ceramic casings and substrates, automotive electronic parts, precision ceramic components; and money nitride communication base station RF chips. It offers its products for use in electronic ceramic products for use in the areas of optical communications, wireless communications, rail transportation, industrial lasers, consumer electronics, low-carbon heating and cooling, automotive electronics, semiconductors equipment and other fields. The company was founded in 2009 and is based in Shijiazhuang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hebei Sinopack Electronic Technology Co reported revenue of ¥2.9B in FY2025 versus ¥1.0B in FY2021, a compound +29.8%/yr. Reported net income was ¥563M in FY2025, compounding +46.6%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.9B CNY
Latest YoY
+8.7%
Avg. growth/yr (3Y)
+4.6%
Avg. growth/yr (5Y)
+28.7%
Avg. growth/yr (9Y)
+32.3%
Revenue +29.8%/yr
FY21 ¥1.0B
FY22 ¥2.5B
FY23 ¥2.7B
FY24 ¥2.6B
FY25 ¥2.9B
Net income +46.6%/yr
FY21 ¥122M
FY22 ¥457M
FY23 ¥490M
FY24 ¥539M
FY25 ¥563M

003031 screens 77% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Hebei Sinopack Electronic Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/003031

Peer Group

Electronic Components · 626 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 56 · Above median
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 79% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 78.3× · Pricier than 75% of peers
P/B 7.76× · Pricier than 75% of peers
P/S (TTM) 14.80× · Pricier than 75% of peers
P/FCF 16.6× · Pricier than 75% of peers
EV/EBITDA 50.3× · 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 100 · sector 32
PAST 42 · sector 24
HEALTH 100 · sector 95
DIVIDEND 7 · sector 24

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Hebei Sinopack Electronic Technology Co (003031) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of ¥26.20 versus a price of ¥111.76, about −77% (overvalued).
What is the fair value of 003031?
Our model-based fair value for Hebei Sinopack Electronic Technology Co is ¥26.20 (as of Jul 18, 2026), built from audited fundamentals. The current price is ¥111.76.
What is the quality score of 003031?
Hebei Sinopack Electronic Technology Co has a Quality Score of 56/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Hebei Sinopack Electronic Technology Co (003031)?
Hebei Sinopack Electronic Technology Co reported trailing-twelve-month revenue of about 3.4B CNY (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 003031?
The net profit margin of Hebei Sinopack Electronic Technology Co is about 18.8%, meaning it keeps roughly 18.8% of revenue as net income. Based on the latest reported figures.
Does Hebei Sinopack Electronic Technology Co pay a dividend?
Hebei Sinopack Electronic Technology Co currently shows a dividend yield of about 0.30% relative to its recent price (as of Jul 18, 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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