EN DE

Fibocom Wireless Inc (0638) Fair Value & Analysis

Technology · HK · Market cap HK$6.8B

FW Fibocom Wireless Inc 0638 · HK
PriceHK$7.88
Fair ValueHK$11.46
Upside+45.4%
Quality39/100
Watch Fibocom Wireless Inc for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 3.5% net margin
Low debt · generates free cash flow
3.05% dividend yield
Ranks above peers (8/12)
Narrow moat 29/100
Evidence: High Range HK$8.52 – HK$14.41 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$11.44 to HK$11.46 (+0.2%) since Aug 2, 2026. Share price +4.9% over the past month.

Below-average quality, screening 45% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$8.52). The market is more pessimistic than our downside scenario.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (10 months)

HK$19.92 HK$6.89 Fair Value HK$11.46 Oct 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

10‑month range HK$6.89 – HK$19.92 · fair‑value band HK$8.52 – HK$14.41 · the HK$7.88 price screens below the HK$11.46 fair value. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Fibocom Wireless Inc (0638) currently trades at HK$7.88, while our model-based Fair Value estimate is HK$11.46, implying the stock looks roughly 45.4% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fibocom Wireless Inc generated revenue of HK$6.8B at a net margin of 3.5%. Revenue declined 9.6% year over year. It earns a return on equity of 4.8%. Net debt stands at HK$286M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$8.52 (bear case) to HK$14.41 (bull case); at HK$7.88, the current price sits below 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 63% below its 52-week high and 8% above its 52-week low. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 45%, 0638 screens cheaper 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 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. Evidence
Highest evidence
Growth DCF HK$5.81 HK$7.80 HK$11.31 80
Residual Income HK$5.40 HK$5.55 HK$5.46 76
Rev-Margin DCF HK$7.16 HK$10.71 HK$15.85 74
All 26 models by family
DCF Models
FCF DCF HK$5.90 HK$7.44 HK$11.47 38
Owner Earnings HK$8.04 HK$12.79 HK$22.04 31
5Y Revenue Exit HK$7.16 HK$10.70 HK$16.54 39
5Y EBITDA Exit HK$9.65 HK$16.23 HK$26.37 41
5Y P/E Exit HK$9.84 HK$17.09 HK$26.33 38
10Y Revenue Exit HK$6.60 HK$10.11 HK$15.44 36
10Y EBITDA Exit HK$8.43 HK$14.49 HK$25.50 37
10Y P/E Exit HK$8.56 HK$14.82 HK$25.46 35
Earnings-Based
Graham-Dodd HK$2.62 HK$16.97 HK$23.74 54
Lynch FV HK$4.93 HK$7.04 HK$9.15 50
PEG = 1.0 HK$4.93 HK$7.04 HK$9.15 46
EPV HK$7.21 HK$7.75 HK$8.22 59
Dividend Discount
Gordon GGM HK$2.97 HK$5.92 HK$8.96 70
DDM Multi-Stage HK$2.97 HK$5.11 HK$6.25 61
Multiples
P/E Multiple HK$8.10 HK$10.81 HK$13.51 63
P/S Multiple HK$4.92 HK$6.56 HK$8.20 58
P/B Multiple HK$4.92 HK$6.56 HK$8.20 55
EV/EBIT HK$11.35 HK$13.88 HK$16.41 53
EV/EBITDA HK$11.57 HK$14.18 HK$16.79 54
EV/Revenue HK$7.59 HK$9.24 HK$10.89 43
Asset-Based
NCAV (Graham) HK$3.48 HK$4.66 HK$6.96 50
Growth DCF
Growth DCF HK$5.81 HK$7.80 HK$11.31 80
Rev-Margin DCF HK$7.16 HK$10.71 HK$15.85 74
Economic Profit
Residual Income HK$5.40 HK$5.55 HK$5.46 76
ROIC Compounder HK$7.40 HK$8.88 HK$10.15 72
Growth Earnings
Growth-Adj P/E HK$7.97 HK$11.39 HK$14.81 68

Widest divergence: DCF Models (HK$12.79) versus Asset-Based (HK$4.66). Highest evidence: Growth DCF (80).

Notify me when 0638 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) HK$6.8B
Revenue growth (YoY) -9.6%
Net margin 3.5%
Return on equity 4.8%
Free cash flow HK$135M FY2025
Operating margin 1.5%
More key figures
EPS (TTM) HK$0.1409
Dividend yield 3.1%
EPS growth (YoY) -93.0%
Net debt HK$286M FY2023

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 44 · Market factors (momentum, volatility) 19

Profitability 33
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 41
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

Fibocom Wireless Inc., together with its subsidiaries, provides wireless communication modules and artificial intelligence solutions in China and internationally.

Full company description

Fibocom Wireless Inc., together with its subsidiaries, provides wireless communication modules and artificial intelligence solutions in China and internationally. It offers wireless communication products, including 5G, LTE, smart, and Wi-Fi modules; AI and robot solutions, such as embodied intelligent development platform, mobile robotics, and lawn mowing robot; and intelligent vehicle comprising smart connectivity, smart cockpit, and software solutions. The company also engages in trading; market expansion; investment activities; and in-vehicle and cloud services. Its products are used in robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy industries. The company was founded in 1999 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fibocom Wireless Inc reported revenue of HK$7.0B in FY2025 versus HK$2.3B in FY2021, a compound +31.8%/yr. Reported net income was HK$347M in FY2025, compounding +57.2%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$7.0B
Latest YoY
+0.2%
Avg. growth/yr (3Y) ⓘ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.
+79.4%
Avg. growth/yr (5Y) ⓘ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.
+21.0%
Avg. growth/yr (23Y) ⓘ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.
+9.9%
Revenue +31.8%/yr
FY21 HK$2.3B
FY22 HK$1.2B
FY23 HK$1.1B
FY24 HK$7.0B
FY25 HK$7.0B
Net income +57.2%/yr
FY21 HK$56.9M
FY22 −HK$294M
FY23 −HK$212M
FY24 HK$668M
FY25 HK$347M

Watch 0638: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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.

Fibocom Wireless Inc · Fair Value
HK$11.46 +45%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Fibocom Wireless Inc Fair Value". https://www.fairvalue-calculator.com/stock/0638

Peer Group

Communication Equipment · 300 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 +45% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 2% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 1% · Below median
Revenue growth -10% · Below median
Dividend yield (TTM) 3.1% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 0.13× · Cheaper than 75% of peers
P/FCF 6.4× · 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 94 · sector 0
FUTURE 0 · sector 34
PAST 19 · sector 15
HEALTH 100 · sector 98
DIVIDEND 61 · sector 24

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $120.43 $61.53 -49%
Zhongji Innolight Co 300308 ¥921.00 ¥171.09 -81%
Foxconn Industrial Internet Co 601138 ¥65.60 ¥28.65 -56%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 -59%
Nokia Oyj NOK $10.32 $3.77 -63%
Motorola Solutions, Inc MSI $469.74 $236.33 -50%
Suzhou TFC Optical Communication Co 300394 ¥240.05 ¥43.67 -82%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD -50%
Telefonaktiebolaget LM Ericsson (publ), ERICB kr 97.78 kr 157.82 +61%
ZTE Corporation 000063 ¥35.59 ¥19.72 -45%

Compare Fibocom Wireless Inc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Fibocom Wireless Inc (0638) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$11.46 versus a price of HK$7.88, about +45% (undervalued).
What is the fair value of 0638?
Our model-based fair value for Fibocom Wireless Inc is HK$11.46 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$7.88.
What is the quality score of 0638?
Fibocom Wireless Inc 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 Fibocom Wireless Inc (0638)?
Fibocom Wireless Inc reported trailing-twelve-month revenue of about HK$6.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0638?
The net profit margin of Fibocom Wireless Inc is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Fibocom Wireless Inc pay a dividend?
Fibocom Wireless Inc currently shows a dividend yield of about 3.05% relative to its recent price (as of Aug 13, 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.

14 days Pro free · no card

Track Fibocom Wireless Inc and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.