EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

SICC Co., Ltd. (2631) fair value: what the stock is really worth

As of Oct 9, 2026: fair value of SICC Co., Ltd. HK$19.23, price HK$63.10, upside -69.5%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · HK · Based in China

SC Thin data Sep 27, 2026

SICC Co., Ltd.

2631 · HK

Weakest SetupStrongly overvalued and low quality.

Low debt
Expensive Growth (revenue 3y +52.0 %/yr in CNY)
Mixed vs. peers (5/12)
Fair value HK$19.23 · Strongly overvalued (−69.5%)
Quality 32/100
Loss-making · -17.5% net margin (TTM)
Negative free cash flow
Narrow moat 9/100
Thin data
⟳ Cyclical
Watch SICC Co., Ltd. for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$128.70 HK$42.02 Fair Value HK$19.23 Aug 2025 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 27, 2026.

How to read this chart

14‑month range HK$42.02 – HK$128.70 · fair‑value band HK$16.13 – HK$22.33 · the HK$63.10 price screens above the HK$19.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 27, 2026.

Follow SICC Co. in your weekly email

Every Wednesday you see whether SICC Co. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

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.

Show more

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 was formerly known as SICC Materials Co., Ltd. and changed its name to SICC Co., Ltd. in November 2020. SICC Co., Ltd. was founded in 2010 and is based in Jinan, China.

Stock analysis

SICC Co., Ltd. (2631) currently trades at HK$63.10, while our model-based Fair Value estimate is HK$19.23, 69.5% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of HK$19.30 per share, and 0 of the 4 models we run sit above the HK$63.10 price.

Bear case: the Asset-Based group reads lowest at HK$11.63, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$16.13 (bear) to HK$22.33 (bull), the price of HK$63.10 sits above 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 32/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

SICC Co., Ltd. reported revenue of 1.5B CNY in FY2025 versus 494M CNY in FY2021, a compound +31.2%/yr. Reported net income was −208M CNY in FY2025.

Key figures

Market cap HK$30.6B (≈ $3.9B) · P/S ratio 20.8 · EPS (TTM) HK$−0.6348 · Dividend yield 0.1% · Net margin −14.2% · Return on equity −4.5% · Return on assets (EBIT) 0.0% · Operating margin 5.1%.

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 51% below its 52-week high and 42% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −32% fair-value upside, at −70%, 2631 screens richer than that median.

Fair Value models

Bear HK$16.13 Fair Value HK$19.23 Bull HK$22.33
Price HK$63.10 · Upside -69.5%
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. 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.
Highest evidence
EV/EBITDA HK$16.19 HK$19.30 HK$22.41 67
Gordon GGM HK$0.5900 HK$1.18 HK$1.79 64
DDM Multi-Stage HK$0.5900 HK$1.02 HK$1.24 64
All 4 models by family
Dividend Discount
Gordon GGM HK$0.5900 HK$1.18 HK$1.79 64
DDM Multi-Stage HK$0.5900 HK$1.02 HK$1.24 64
Multiples
EV/EBITDA HK$16.19 HK$19.30 HK$22.41 67
Asset-Based
NCAV (Graham) HK$8.68 HK$11.63 HK$17.35 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 32/100

Of which business quality 38 · Market factors (momentum, volatility) 41

Profitability 4
Margins and returns on capital today
Quality Growth 3
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 79
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−17.2%
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.
+52.0%
Profit margin (trend) ⓘ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.
17.0% (2021) → −5.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

2631 screens overvalued: fair value 70% below the price. Compare with ASML Holding →

Compare SICC Co., Ltd. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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

Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −69.5% · Below median
Profitability
Return on assets −1.4% · Bottom 25%
Net margin (TTM) −17.5% · Bottom 25%
Operating margin (TTM) 5.1% · Below median
Growth and dividend
Revenue growth 42.1% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper

P/B 0.54× · Cheapest 25%
P/S (TTM) 2.46× · Cheaper than median
EV/EBITDA 6.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 40
HEALTH (low debt)98 · sector 96
DIVIDEND (yield)2 · sector 14

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hon. Precision, Inc 7769 5,670 TWD 4,864 TWD −14% vs 2631
ASML Holding ASML €1,636 €1,350 −18% vs 2631
KLA Corporation KLAC $206.89 $160.12 −23% vs 2631
Lam Research Corporation LRCX $347.49 $250.94 −28% vs 2631
Applied Materials, Inc AMAT $542.28 $368.52 −32% vs 2631
Entegris, Inc ENTG $151.89 $92.64 −39% vs 2631
Qnity Electronics, Inc Q $124.69 $70.44 −44% vs 2631
Piotech Inc 688072 ¥700.90 ¥320.60 −54% vs 2631
Advanced Micro-Fabrication Equipment Inc 688012 ¥339.30 ¥110.10 −68% vs 2631
Teradyne, Inc TER $411.78 $65.79 −84% vs 2631

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

SICC Co., Ltd. · Fair Value
HK$19.23 −70%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "SICC Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/2631

Frequently asked questions

Is SICC Co., Ltd. (2631) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$19.23 versus a price of HK$63.10, about −70% upside (overvalued).
What is the fair value of 2631?
Our model-based fair value for SICC Co., Ltd. is HK$19.23 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$63.10.
What is the quality score of 2631?
SICC Co., Ltd. has a Quality Score of 32/100. 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 SICC Co., Ltd. (2631)?
Our model-based price target is the fair value of HK$19.23 (as of Sep 27, 2026) from 4 valuation models. Cautious scenario HK$16.13, optimistic scenario HK$22.33. It is a calculation from audited fundamentals, not an analyst target.
What is the SICC Co., Ltd. stock forecast for 2026?
Our models put fair value at HK$19.23, about −70% upside versus a price of HK$63.10 (overvalued). Cautious scenario HK$16.13, optimistic scenario HK$22.33. The calculation is refreshed regularly with new filings.
What is the revenue of SICC Co., Ltd. (2631)?
SICC Co., Ltd. reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Sep 27, 2026).
Does SICC Co., Ltd. pay a dividend?
SICC Co., Ltd. currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of SICC Co., Ltd. (2631)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SICC Co., Ltd. it is HK$19.23 per share (as of Sep 27, 2026), against a price of HK$63.10. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is SICC Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2631 trades above its calculated fair value: price HK$63.10, fair value HK$19.23, a gap of about −70% (overvalued). 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 2631?
No. The price is what the market pays today (HK$63.10); the fair value is what the company's own numbers justify (HK$19.23). For SICC Co., Ltd. the two are HK$43.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is SICC Co., Ltd. worth?
The market values SICC Co., Ltd. at about HK$30.6B (market capitalisation, as of Sep 27, 2026). Per share that is HK$63.10; our models calculate a fair value of HK$19.23 per share.
What do the bullish and bearish scenarios say about 2631?
Our models span a range for SICC Co., Ltd.: cautious scenario HK$16.13, base HK$19.23, optimistic HK$22.33 per share (as of Sep 27, 2026, price HK$63.10). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SICC Co., Ltd. (2631)?
Balance-sheet figures for SICC Co., Ltd. (as of Sep 27, 2026): return on equity −4.5%, debt of 0.05 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 2631 from its 52-week high?
SICC Co., Ltd. trades at HK$63.10, about 51% below its 52-week high of HK$128.70 and 42% above the low of HK$44.40 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$19.23 is for.
Which stocks are comparable to SICC 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 SICC Co., Ltd. stock attractive at the current price?
The data as of Sep 27, 2026: price HK$63.10, calculated fair value HK$19.23 (−70%), Quality Score 32/100, from 4 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 2631 calculated?
We run SICC Co., Ltd. through 4 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$19.23, 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 14.6 % above its aggregate fair value. SICC Co., Ltd. itself currently trades above fair value. 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 SICC Co., Ltd. (2631)?
The closing price on Oct 9, 2026 was HK$63.10. Our model-based fair value is HK$19.23, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SICC Co., Ltd. right now?
The price sits above even our optimistic bull case (HK$22.33). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of SICC Co., Ltd.

How large is the market capitalisation of SICC Co., Ltd. (2631)?
The market capitalisation of SICC Co., Ltd. is HK$30.6B (≈ $3.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SICC Co., Ltd. (2631)?
The price-to-sales ratio of SICC Co., Ltd. is 20.8 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SICC Co., Ltd. (2631)?
Earnings per share at SICC Co., Ltd. are HK$−0.6348. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SICC Co., Ltd. (2631)?
The dividend yield of SICC Co., Ltd. is 0.1%. 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 SICC Co., Ltd. (2631)?
The net margin of SICC Co., Ltd. is −14.2% (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 SICC Co., Ltd. (2631)?
The return on equity (ROE) of SICC Co., Ltd. is −4.5% (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 SICC Co., Ltd. (2631)?
On an EBIT basis the return on assets of SICC Co., Ltd. is 0.0% (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 SICC Co., Ltd. (2631)?
The operating margin of SICC Co., Ltd. is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SICC Co., Ltd. (2631)?
Revenue at SICC Co., Ltd. is growing +42.1% versus a year earlier (3y avg +52.0%). 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 SICC Co., Ltd. (2631)?
Earnings per share at SICC Co., Ltd. are growing −53.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SICC Co., Ltd. (2631) generate?
The free cash flow of SICC Co., Ltd. is −173M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
Free · no account needed

Watch SICC Co., Ltd. in the live analysis

One click puts SICC Co., Ltd. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.