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Shanghai Fudan Microelectronics Group (1385) Fair Value & Analysis

Technology · HK · Market cap HK$50.2B

SF Shanghai Fudan Microelectronics Group 1385 · HK
PriceHK$25.80
Fair ValueHK$2.53
Upside-90.2%
Quality44/100
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Healthy Growth
Thin margins · 5.9% net margin
Low debt · generates free cash flow
0.19% dividend yield
Trails peers (5/14)
Narrow moat 40/100
Evidence: Medium Range HK$2.10 – HK$2.74 Share as image

Fair value as of: Aug 5, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 5, 2026, revised from HK$3.36 to HK$2.53 (−24.7%) since Jul 2, 2026. Share price −16.6% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$2.74). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

HK$56.17 HK$9.10 Fair Value HK$2.53 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range HK$9.10 – HK$56.17 · fair‑value band HK$2.10 – HK$2.74 · the HK$25.80 price screens above the HK$2.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Shanghai Fudan Microelectronics Group (1385) currently trades at HK$25.80, while our model-based Fair Value estimate is HK$2.53, implying the stock looks roughly 90.2% overvalued today. We read business quality at 44/100 (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: medium).

Over the trailing twelve months, Shanghai Fudan Microelectronics Group generated revenue of HK$4.1B at a net margin of 5.9%. Revenue grew 16.2% year over year. It earns a return on equity of 3.1%. Net debt stands at HK$222M. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$2.10 (bear case) to HK$2.74 (bull case); at HK$25.80, the current price sits above that range. The share trades about 55% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -62% fair-value upside, at -90%, 1385 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 HK$3.98 HK$7.77 HK$13.77 80
Residual Income HK$2.33 HK$2.30 HK$2.04 76
Rev-Margin DCF HK$2.14 HK$3.25 HK$4.80 74
All 24 models by family
DCF Models
FCF DCF HK$4.09 HK$7.26 HK$15.30 38
Owner Earnings HK$2.98 HK$5.75 HK$11.10 31
5Y Revenue Exit HK$2.14 HK$3.25 HK$4.74 39
5Y EBITDA Exit HK$3.43 HK$6.12 HK$9.66 41
5Y P/E Exit HK$2.66 HK$4.40 HK$6.47 38
10Y Revenue Exit HK$2.70 HK$4.05 HK$6.13 36
10Y EBITDA Exit HK$3.62 HK$6.24 HK$10.57 37
10Y P/E Exit HK$3.09 HK$4.92 HK$7.69 35
Earnings-Based
Graham-Dodd HK$0.8100 HK$4.79 HK$6.67 54
Lynch FV HK$1.36 HK$1.94 HK$2.52 50
PEG = 1.0 HK$1.36 HK$1.94 HK$2.52 46
EPV HK$1.24 HK$1.39 HK$1.52 59
Multiples
P/E Multiple HK$1.79 HK$2.39 HK$2.98 63
P/S Multiple HK$1.52 HK$2.03 HK$2.54 58
P/B Multiple HK$1.52 HK$2.03 HK$2.54 55
EV/EBIT HK$1.75 HK$2.23 HK$2.70 53
EV/EBITDA HK$3.29 HK$4.27 HK$5.26 54
EV/Revenue HK$1.29 HK$1.70 HK$2.11 43
Asset-Based
NCAV (Graham) HK$1.58 HK$2.11 HK$3.15 50
Growth DCF
Growth DCF HK$3.98 HK$7.77 HK$13.77 80
Rev-Margin DCF HK$2.14 HK$3.25 HK$4.80 74
Economic Profit
Residual Income HK$2.33 HK$2.30 HK$2.04 76
ROIC Compounder HK$1.24 HK$1.39 HK$1.52 72
Growth Earnings
Growth-Adj P/E HK$1.95 HK$2.78 HK$3.61 68

Widest divergence: DCF Models (HK$4.92) versus Economic Profit (HK$1.39). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) HK$4.1B
Revenue growth (YoY) +16.2%
Net margin 5.9%
Return on equity 3.1%
Free cash flow HK$509M FY2025
P/E ratio 92.0
More key figures
Operating margin 15.4%
EPS (TTM) HK$0.3083
Dividend yield 0.2%
EPS growth (YoY) +5.9%
Net debt HK$222M FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 55 · Market factors (momentum, volatility) 26

Profitability 30
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 73
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

Shanghai Fudan Microelectronics Group Company Limited engages in the design, development, and sale of integrated circuit products in Mainland China and internationally.

Full company description

Shanghai Fudan Microelectronics Group Company Limited engages in the design, development, and sale of integrated circuit products in Mainland China and internationally. The company offers security and identification products, including RFID and sensor, smart card, and identification device chip; smart meters, such as automotive MCU, smart meters ASIC chips, ultra-low general purpose MCU, and ePLC; and NVM products comprising EEPROM, SPI NOR Flash, and NAND Flash. It also provides specific analog circuits, including leakage protection circuit series (LPCS), a and s type LPCS, over_under voltage LPCS, telecommunication circuits, and motorcycle-automotive and motorcycle electronics. In addition, the company offers various solutions, such as issuance and validation services, bank card solution, smart meter solution, social security card solution, smart transportation card solution, and ePLC solution. The company was formerly known as Shanghai Fudan Microelectronics Company Limited. Shanghai Fudan Microelectronics Group Company Limited was incorporated in 1998 and is headquartered in Shanghai, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Fudan Microelectronics Group reported revenue of HK$4.0B in FY2025 versus HK$2.6B in FY2021, a compound +11.5%/yr. Reported net income was HK$232M in FY2025, compounding −18.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$4.0B
Latest YoY
+10.9%
Avg. growth/yr (3Y)
+4.0%
Avg. growth/yr (5Y)
+18.7%
Avg. growth/yr (25Y)
+20.7%
Revenue +11.5%/yr
FY21 HK$2.6B
FY22 HK$3.5B
FY23 HK$3.5B
FY24 HK$3.6B
FY25 HK$4.0B
Net income −18.0%/yr
FY21 HK$514M
FY22 HK$1.1B
FY23 HK$719M
FY24 HK$573M
FY25 HK$232M

1385 screens 90% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Shanghai Fudan Microelectronics Group Fair Value". https://www.fairvalue-calculator.com/stock/1385

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 44 · Below median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 15% · Above median
Revenue growth 16% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 92.0× · Pricier than 75% of peers
P/B 1.04× · Cheaper than 75% of peers
P/S (TTM) 1.55× · Cheaper than median
P/FCF 12.6× · Pricier than median
EV/EBITDA 15.1× · Cheaper 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 81 · sector 60
PAST 13 · sector 24
HEALTH 95 · sector 97
DIVIDEND 4 · 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 Aug 5, 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 €323.25 €121.25 -62%
Micron Technology, Inc 1MU €880.10 €206.77 -77%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €464.70 €56.33 -88%
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 Shanghai Fudan Microelectronics Group (1385) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$2.53 versus a price of HK$25.80, about −90% (overvalued).
What is the fair value of 1385?
Our model-based fair value for Shanghai Fudan Microelectronics Group is HK$2.53 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$25.80.
What is the quality score of 1385?
Shanghai Fudan Microelectronics Group has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Shanghai Fudan Microelectronics Group (1385)?
Shanghai Fudan Microelectronics Group reported trailing-twelve-month revenue of about HK$4.1B (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 1385?
The net profit margin of Shanghai Fudan Microelectronics Group is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Shanghai Fudan Microelectronics Group pay a dividend?
Shanghai Fudan Microelectronics Group currently shows a dividend yield of about 0.19% relative to its recent price (as of Aug 5, 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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