BaTelab Co Ltd (2149) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of BaTelab Co Ltd HK$49.46, price HK$33.66, upside +46.9%, quality 39 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, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
33‑month range HK$19.54 – HK$73.25 · fair‑value band HK$37.85 – HK$61.06 · the HK$33.66 price screens below the HK$49.46 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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BaTeLab Co., Ltd. engages in the research, development, and sale of analog integrated circuit patterned wafers in China. The company offers power management, signal chain, and electronic component products.
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BaTeLab Co., Ltd. engages in the research, development, and sale of analog integrated circuit patterned wafers in China. The company offers power management, signal chain, and electronic component products. Its products are used in industrial automation, IoT, and lighting, as well as automotive electronics, healthcare, instrumentation, communications, power, energy storage, and consumer electronics applications. The company was incorporated in 2010 and is headquartered in Suzhou, China.
Stock analysis
BaTelab Co Ltd (2149) currently trades at HK$33.66, while our model-based Fair Value estimate is HK$49.46, implying the stock looks roughly 31.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$77.77 per share, and 11 of the 14 models we run sit above the HK$33.66 price.
Bear case: the Asset-Based group reads lowest at HK$16.16, and 3 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: HK$37.85 (bear) to HK$61.06 (bull), the price of HK$33.66 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 39/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BaTelab Co Ltd reported revenue of 584M CNY in FY2026 versus 213M CNY in FY2022, a compound +28.7%/yr. Reported net income was 119M CNY in FY2026, compounding +20.2%/yr from FY2022.
Key figures
Market cap HK$2.1B (≈ $267M) · P/E ratio 13.8 · P/S ratio 2.81 · EPS (TTM) HK$1.27 · Net margin 20.3% · Return on equity 10.7% · Return on assets (EBIT) 11.1% · Operating margin 16.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −24% fair-value upside, at 47%, 2149 screens cheaper than that median.
Fair Value models
Bear HK$37.85Fair Value HK$49.46Bull HK$61.06
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 2026 figures (about 3 months old). Earnings retained since then (HK$0.3236 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.9%
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.
+12.5%
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.
+45.8%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 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 5 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.
+26.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.4%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘ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.29% → 22%
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.Semiconductor Equipment & Materials · 220 stocks
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.
Cite: Fair Value Calculator (2026). "BaTelab Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2149
Frequently asked questions
Is BaTelab Co Ltd (2149) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$49.46 versus a price of HK$33.66, about +47% upside (undervalued).
What is the fair value of 2149?
Our model-based fair value for BaTelab Co Ltd is HK$49.46 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$33.66.
What is the quality score of 2149?
BaTelab Co Ltd 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 price target for BaTelab Co Ltd (2149)?
Our model-based price target is the fair value of HK$49.46 (as of Sep 27, 2026) from 14 valuation models. Cautious scenario HK$37.85, optimistic scenario HK$61.06. It is a calculation from audited fundamentals, not an analyst target.
What is the BaTelab Co Ltd stock forecast for 2026?
Our models put fair value at HK$49.46, about +47% upside versus a price of HK$33.66 (undervalued). Cautious scenario HK$37.85, optimistic scenario HK$61.06. The calculation is refreshed regularly with new filings.
What is the revenue of BaTelab Co Ltd (2149)?
BaTelab Co Ltd reported trailing-twelve-month revenue of about 584M CNY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of BaTelab Co Ltd (2149)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BaTelab Co Ltd it is HK$49.46 per share (as of Sep 27, 2026), against a price of HK$33.66. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is BaTelab Co Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2149 trades below its calculated fair value: price HK$33.66, fair value HK$49.46, a gap of about +47% (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 2149?
No. The price is what the market pays today (HK$33.66); the fair value is what the company's own numbers justify (HK$49.46). For BaTelab Co Ltd the two are HK$15.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is BaTelab Co Ltd worth?
The market values BaTelab Co Ltd at about HK$2.1B (market capitalisation, as of Sep 27, 2026). Per share that is HK$33.66; our models calculate a fair value of HK$49.46 per share.
What do the bullish and bearish scenarios say about 2149?
Our models span a range for BaTelab Co Ltd: cautious scenario HK$37.85, base HK$49.46, optimistic HK$61.06 per share (as of Sep 27, 2026, price HK$33.66). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2149?
BaTelab Co Ltd trades at a price-to-earnings ratio of 13.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$49.46 is built from several models across several years. Other multiples: P/B 1.4, P/S 3.1, EV/EBITDA 8.7.
How solid is the balance sheet of BaTelab Co Ltd (2149)?
Balance-sheet figures for BaTelab Co Ltd (as of Sep 27, 2026): return on equity 10.7%. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 2149 from its 52-week high?
BaTelab Co Ltd trades at HK$33.66, about 39% below its 52-week high of HK$55.20 and 20% above the low of HK$28.00 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$49.46 is for.
Which stocks are comparable to BaTelab Co Ltd?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 BaTelab Co Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$33.66, calculated fair value HK$49.46 (+47%), Quality Score 39/100, from 14 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 2149 calculated?
We run BaTelab Co Ltd through 14 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$49.46, 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 14.7 % above its aggregate fair value. BaTelab Co Ltd currently trades 32 % 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 BaTelab Co Ltd (2149)?
The closing price on Sep 30, 2026 was HK$33.66. Our model-based fair value is HK$49.46, about +47% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BaTelab Co Ltd right 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$37.85). The market is more pessimistic than our downside scenario.
Key figures of BaTelab Co Ltd
How large is the market capitalisation of BaTelab Co Ltd (2149)?
The market capitalisation of BaTelab Co Ltd is HK$2.1B (≈ $267M). 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 BaTelab Co Ltd (2149)?
The price-to-sales ratio of BaTelab Co Ltd is 2.81 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BaTelab Co Ltd (2149)?
Earnings per share at BaTelab Co Ltd are HK$1.27 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BaTelab Co Ltd (2149)?
The net margin of BaTelab Co Ltd is 20.3% (fiscal year 2026). 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 BaTelab Co Ltd (2149)?
The return on equity (ROE) of BaTelab Co Ltd is 10.7% (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 BaTelab Co Ltd (2149)?
On an EBIT basis the return on assets of BaTelab Co Ltd is 11.1% (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 BaTelab Co Ltd (2149)?
The operating margin of BaTelab Co Ltd is 16.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BaTelab Co Ltd (2149)?
Revenue at BaTelab Co Ltd is growing +1.4% versus a year earlier (3y avg +12.5%). 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 BaTelab Co Ltd (2149)?
Earnings per share at BaTelab Co Ltd are growing −57.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BaTelab Co Ltd (2149) generate?
The free cash flow of BaTelab Co Ltd is −111M CNY (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does BaTelab Co Ltd (2149) hold?
BaTelab Co Ltd holds more cash than debt, 163M CNY net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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