Ningbo Joyson Electronic Corp. (0699) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Ningbo Joyson Electronic Corp. HK$46.80, price HK$12.19, upside +283.9%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.
How to read this chart
11‑month range HK$11.27 – HK$20.01 · fair‑value band HK$25.81 – HK$60.84 · the HK$12.19 price screens below the HK$46.80 fair value. As of Sep 24, 2026.
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Ningbo Joyson Electronic Corp., together with its subsidiaries, engages in the research and development, manufacture, and sales of automotive parts and accessories in China, the United States, Japan, Germany, Mexico, Italy, Romania, Portugal, Poland, Brazil, India, and internationally.
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Ningbo Joyson Electronic Corp., together with its subsidiaries, engages in the research and development, manufacture, and sales of automotive parts and accessories in China, the United States, Japan, Germany, Mexico, Italy, Romania, Portugal, Poland, Brazil, India, and internationally. The company offers seatbelts, airbags, smart steering wheels and integrated safety solutions related products. The Automotive Electronics Business segment provides automotive intelligence solutions, e-mobility and HMI, etc. It also provides intelligent cockpit services comprising cockpit human-machine interface, in-vehicle connected infotainment and navigation systems, cockpit domain controllers, and vehicle smart interiors; intelligent driving products consisting of LiDars and domain controllers, as well as software technologies, including navigation engines, positioning engines, and automatic parking engines, etc.; and e-mobility products, such as high-voltage booster, multi-functional DC/DC voltage converter, and on-board chargers, etc. Additionally, it provides automotive safety products for active safety, such as intelligent sensors, facial recognition technology, advanced driver assist systems, early mechatronic restraint preparedness, active body panels, fire suppression protection, and high voltage line cutters for electric cars, etc. In addition, the company offers satellite navigation and communication equipment; automotive information business products; manufactures auto parts and software development and technical services. The company was formerly known as Liaoyuan Joyson Electronic Corp. and changed its name to Ningbo Joyson Electronic Corp. in January 2014. Ningbo Joyson Electronic Corp. was incorporated in 1992 and is headquartered in Ningbo, China.
Stock analysis
Ningbo Joyson Electronic Corp. (0699) currently trades at HK$12.19, while our model-based Fair Value estimate is HK$46.80, implying the stock looks roughly 74.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$46.76 per share, and 24 of the 26 models we run sit above the HK$12.19 price.
Bear case: the Asset-Based group reads lowest at HK$8.74, and 2 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$25.81 (bear) to HK$60.84 (bull), the price of HK$12.19 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ningbo Joyson Electronic Corp. reported revenue of 61.2B CNY in FY2025 versus 45.7B CNY in FY2021, a compound +7.6%/yr. Reported net income was 1.3B CNY in FY2025.
Key figures
Market cap HK$18.9B (≈ $2.4B) · P/S ratio 0.33 · EPS (TTM) HK$0.8180 · Dividend yield 1.5% · Net margin 2.2% · Return on equity 7.4% · Return on assets (EBIT) 2.6% · Operating margin 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at 284%, 0699 screens cheaper than that median.
Fair Value models
Bear HK$25.81Fair Value HK$46.80Bull HK$60.84
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.4824 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+58.5%
Start year 2020 (pandemic). Over 10 years: +28.5% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+29.7%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+19.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.7%
Dividend (yield on the price)1.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−56% → 6%
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +12.9% a year for the price and +4.2% for the forecasts.
Compare Ningbo Joyson Electronic Corp. with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Auto Parts · 671 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−16.0% · Below median
Profitability
Return on equity (TTM)7.4% · Above median
Return on assets3.2% · Above median
Net margin (TTM)2.3% · Below median
Operating margin (TTM)5.6% · Above median
Growth and dividend
Revenue growth−5.2% · Bottom 25%
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.48× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Is Ningbo Joyson Electronic Corp. (0699) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$46.80 versus a price of HK$12.19, about +284% upside (undervalued).
What is the fair value of 0699?
Our model-based fair value for Ningbo Joyson Electronic Corp. is HK$46.80 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$12.19.
What is the quality score of 0699?
Ningbo Joyson Electronic Corp. has a Quality Score of 37/100. 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 price target for Ningbo Joyson Electronic Corp. (0699)?
Our model-based price target is the fair value of HK$46.80 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario HK$25.81, optimistic scenario HK$60.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningbo Joyson Electronic Corp. stock forecast for 2026?
Our models put fair value at HK$46.80, about +284% upside versus a price of HK$12.19 (undervalued). Cautious scenario HK$25.81, optimistic scenario HK$60.84. The calculation is refreshed regularly with new filings.
What is the revenue of Ningbo Joyson Electronic Corp. (0699)?
Ningbo Joyson Electronic Corp. reported trailing-twelve-month revenue of about 60.4B CNY (latest available figure, as of Sep 24, 2026).
Does Ningbo Joyson Electronic Corp. pay a dividend?
Ningbo Joyson Electronic Corp. currently shows a dividend yield of about 1.48% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Ningbo Joyson Electronic Corp. (0699)?
For today's price to be fair in a discounted-cash-flow model, Ningbo Joyson Electronic Corp. would have to grow free cash flow by +14.8 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +58.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0699 use?
Our models discount Ningbo Joyson Electronic Corp. at 9.5 %: a base by market capitalisation (mid), damped by beta 0.68, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ningbo Joyson Electronic Corp. that is +14.8 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Ningbo Joyson Electronic Corp. (0699) delivered so far?
Over the past 5 years revenue at Ningbo Joyson Electronic Corp. grew +58.5 % a year. The price currently implies +14.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ningbo Joyson Electronic Corp. (0699) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Ningbo Joyson Electronic Corp. (+14.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ningbo Joyson Electronic Corp. (0699)?
The free-cash-flow yield on the price is 5.92 %: that much free cash flow Ningbo Joyson Electronic Corp. produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ningbo Joyson Electronic Corp. (0699)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningbo Joyson Electronic Corp. it is HK$46.80 per share (as of Sep 24, 2026), against a price of HK$12.19. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Ningbo Joyson Electronic Corp. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0699 trades below its calculated fair value: price HK$12.19, fair value HK$46.80, a gap of about +284% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0699?
No. The price is what the market pays today (HK$12.19); the fair value is what the company's own numbers justify (HK$46.80). For Ningbo Joyson Electronic Corp. the two are HK$34.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningbo Joyson Electronic Corp. worth?
The market values Ningbo Joyson Electronic Corp. at about HK$18.9B (market capitalisation, as of Sep 24, 2026). Per share that is HK$12.19; our models calculate a fair value of HK$46.80 per share.
What do the bullish and bearish scenarios say about 0699?
Our models span a range for Ningbo Joyson Electronic Corp.: cautious scenario HK$25.81, base HK$46.80, optimistic HK$60.84 per share (as of Sep 24, 2026, price HK$12.19). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ningbo Joyson Electronic Corp. (0699)?
Balance-sheet figures for Ningbo Joyson Electronic Corp. (as of Sep 24, 2026): return on equity 7.4%, debt of 0.48 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 0699 from its 52-week high?
Ningbo Joyson Electronic Corp. trades at HK$12.19, about 39% below its 52-week high of HK$20.01 and 8% above the low of HK$11.27 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of HK$46.80 is for.
Which stocks are comparable to Ningbo Joyson Electronic Corp.?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ningbo Joyson Electronic Corp. stock attractive at the current price?
The data as of Sep 24, 2026: price HK$12.19, calculated fair value HK$46.80 (+284%), Quality Score 37/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0699 calculated?
We run Ningbo Joyson Electronic Corp. through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$46.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Ningbo Joyson Electronic Corp. currently trades 74 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ningbo Joyson Electronic Corp. (0699)?
The closing price on Oct 2, 2026 was HK$12.19. Our model-based fair value is HK$46.80, about +284% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningbo Joyson Electronic Corp. right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$25.81). The market is more pessimistic than our downside scenario. 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 (HK$25.81 to HK$60.84) leaves room in how you read the outcome.
Key figures of Ningbo Joyson Electronic Corp.
How large is the market capitalisation of Ningbo Joyson Electronic Corp. (0699)?
The market capitalisation of Ningbo Joyson Electronic Corp. is HK$18.9B (≈ $2.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ningbo Joyson Electronic Corp. (0699)?
The price-to-sales ratio of Ningbo Joyson Electronic Corp. is 0.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ningbo Joyson Electronic Corp. (0699)?
Earnings per share at Ningbo Joyson Electronic Corp. are HK$0.8180. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ningbo Joyson Electronic Corp. (0699)?
The dividend yield of Ningbo Joyson Electronic Corp. is 1.5% (payout 105%, on adjusted earnings, reported 115%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ningbo Joyson Electronic Corp. (0699)?
The net margin of Ningbo Joyson Electronic Corp. is 2.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ningbo Joyson Electronic Corp. (0699)?
The return on equity (ROE) of Ningbo Joyson Electronic Corp. is 7.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ningbo Joyson Electronic Corp. (0699)?
On an EBIT basis the return on assets of Ningbo Joyson Electronic Corp. is 2.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ningbo Joyson Electronic Corp. (0699)?
The operating margin of Ningbo Joyson Electronic Corp. is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningbo Joyson Electronic Corp. (0699)?
Revenue at Ningbo Joyson Electronic Corp. is growing −5.2% versus a year earlier (3y avg +7.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ningbo Joyson Electronic Corp. (0699)?
Earnings per share at Ningbo Joyson Electronic Corp. are growing +8.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ningbo Joyson Electronic Corp. (0699) carry?
The net debt of Ningbo Joyson Electronic Corp. is 4.8B CNY (fiscal year 2025, ≈ 4.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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