SICC Co (2631) Fair Value & Analysis
Technology · HK · Market cap HK$42.2B
Fair value as of: Jul 7, 2026
From 4 valuation models · updated 5 days ago
Fair value updated Jul 7, 2026 — revised from HK$19.00 to HK$19.01 (+0.1%) since Jul 2, 2026. Share price −7.3% over the past month.
Price vs Fair Value (11 months)
11‑month range HK$42.02 – HK$128.70 · fair‑value band HK$15.95 – HK$22.08 · the HK$75.00 price screens above the HK$19.01 fair value. As of Jul 7, 2026.
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SICC Co (2631) currently trades at HK$75.00, while our model-based Fair Value estimate is HK$19.01 — implying the stock looks roughly 74.7% overvalued today. We read business quality at 40/100 (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: low).
Over the trailing twelve months, SICC Co generated revenue of HK$1.4B at a net margin of -19.5%. Revenue declined 10.4% year over year. It earns a return on equity of -4.5%. Fundamentals as of Jul 7, 2026
Our scenario range runs from HK$15.95 (bear case) to HK$22.08 (bull case); at HK$75.00, the current price sits above that range. The share trades about 46% below its 52-week high and 84% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -74% fair-value upside — at -75%, 2631 screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 7, 2026. TTM = trailing twelve months.
About the company
SICC Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally. The company is involved in the industrialization of silicon carbide substrates for the renewable energy and AI sectors. It also offers conductive silicon carbide single crystal and semi-insulating substrate materials. In addition, the company engages in technical development, consultation, and promotion services; production of graphite and carbon products, and wide bandgap semiconductor substrate materials; research and development of special electronic materials and technologies; and investment activities. Its products are used in the microwave electronics and power electronics fields, as well as for new energy vehicles, AI data centers, photovoltaic systems, AI glasses, rail transportation, power grids, home appliances, and advanced communication base stations. The company exports its products. The company …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SICC Co reported revenue of HK$1.5B in FY2025 versus HK$494M in FY2021, a compound +31.2%/yr. Reported net income was −HK$208M in FY2025.
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10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASMLF | $1,924 | $508.47 | -74% |
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| Lam Research Corporation LRCX | $303.28 | $101.48 | -67% |
| KLA Corporation KLAC | $2,136 | $742.75 | -65% |
| Tokyo Electron Limited TOELF | $443.58 | $117.43 | -74% |
| Advantest Corporation ATEYY | $190.45 | $66.32 | -65% |
| NAURA Technology Group 002371 | ¥619.20 | ¥77.68 | -87% |
| Hon. Precision, Inc 7769 | 7,055 TWD | 2,405 TWD | -66% |
| Piotech Inc 688072 | ¥748.01 | ¥147.84 | -80% |
| Hangzhou Changchuan Technology Co 300604 | ¥268.49 | ¥33.33 | -88% |
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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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.