BaTelab Co Ltd (2149) Fair Value & Analysis
Technology · HK · Market cap HK$2.0B
Fair value as of: Aug 13, 2026
From 14 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$48.77 to HK$48.82 (+0.1%) since Aug 5, 2026. Share price −5.8% over the past month.
Below-average quality, screening 63% 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$37.27). The market is more pessimistic than our downside scenario.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
32‑month range HK$19.54 – HK$73.25 · fair‑value band HK$37.27 – HK$60.37 · the HK$30.00 price screens below the HK$48.82 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
BaTelab Co Ltd (2149) currently trades at HK$30.00, while our model-based Fair Value estimate is HK$48.82, implying the stock looks roughly 62.7% 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: medium), always confirm before acting.
Over the trailing twelve months, BaTelab Co Ltd generated revenue of HK$584M at a net margin of 20.9%. Revenue grew 1.4% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of HK$163M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$37.27 (bear case) to HK$60.37 (bull case); at HK$30.00, 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 56% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -72% fair-value upside, at 63%, 2149 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.
All 14 models by family
Widest divergence: Growth Earnings (HK$66.56) versus Asset-Based (HK$13.83). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 11
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
BaTelab Co Ltd reported revenue of HK$584M in FY2026 versus HK$213M in FY2022, a compound +28.7%/yr. Reported net income was HK$119M in FY2026, compounding +20.2%/yr from FY2022.
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Peer Group
Semiconductor Equipment & Materials · 208 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.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$46.39 | C$21.15 | -54% |
| Applied Materials, Inc AMAT | $548.15 | $183.10 | -67% |
| Lam Research Corporation LRCX | $326.11 | $91.80 | -72% |
| KLA Corporation KLAC | $200.47 | $74.58 | -63% |
| NAURA Technology Group 002371 | ¥760.00 | ¥205.30 | -73% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥380.95 | ¥55.05 | -86% |
| Hon. Precision, Inc 7769 | 6,480 TWD | 1,804 TWD | -72% |
| MPI Corporation 6223 | 6,495 TWD | 738.64 TWD | -89% |
| HANMI Semiconductor Co 042700 | 217,500 KRW | 47,976 KRW | -78% |
| Wonik IPS Co 240810 | 120,000 KRW | 36,380 KRW | -70% |
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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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