Ingenic Semiconductor (300223) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Ingenic Semiconductor stock ¥60.18, price ¥112, upside -46.3%, quality 69 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?No
Quality 50+?Yes
In an uptrend?Yes
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range ¥42.98 – ¥259.56 · fair‑value band ¥44.10 – ¥93.44 · the ¥111.98 price screens above the ¥60.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Ingenic Semiconductor Co.,Ltd. engages in the research and development, design, and sale of integrated circuit chip products in China and internationally. The company also provides computing, storage, analog, and interconnect chips.
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In, addition, it offers SRAM, DRAM, NOR Flash, 2D NAND Flash, and eMMC. Its products are used in automotive electronics, industrial and medical, communication equipment, consumer electronics, and other fields. The company was founded in 2005 and is headquartered in Beijing, China.
Stock analysis
Ingenic Semiconductor (300223) currently trades at ¥111.98, while our model-based Fair Value estimate is ¥60.18, 46.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥39.31 per share, and 0 of the 26 models we run sit above the ¥111.98 price.
Bear case: the Economic Profit group reads lowest at ¥11.92, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥44.10 (bear) to ¥93.44 (bull), the price of ¥111.98 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 69/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Ingenic Semiconductor reported revenue of 4.7B CNY in FY2025 versus 5.3B CNY in FY2021, a compound −2.7%/yr. Reported net income was 376M CNY in FY2025, compounding −20.2%/yr from FY2021.
Key figures
Market cap 54.1B CNY (≈ $8.1B) Mid · P/E ratio 39.6 · P/S ratio 8.40 · EPS (TTM) ¥2.83 · Dividend yield 0.1% · Net margin 21.3% · Return on equity 10.5% · Return on assets (EBIT) 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and 45% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −46%, 300223 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥1.19 to ¥99.09). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥44.10Fair Value ¥60.18Bull¥93.44
Price ¥111.98 · Upside -46.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥2.22 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.Coverage ⓘCoverage = 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.55/100
Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Revenue growth 1 year
+12.4%
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.
−4.4%
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.
+16.9%
Start year 2020 (pandemic). Over 10 years: +52.4% a year
Revenue growth 12 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.
+38.5%
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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.
+21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.8%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21.8% vs 23.0%, steady
Profit margin 2020 to 2025 ⓘ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.3% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+44.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+52.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +42.0% a year for the price and +49.7% for the forecasts.
AI conclusion: The business shows strength in scaling storage chips for AI servers alongside new AI MCUs and edge processors, yet its main weakness is persistently low ROE that signals limited profitability efficiency and thin moat evidence.
Main risk: Memory pricing pressure could constrain growth by limiting the ability of new AI products to raise overall margins sufficiently.
Ingenic is scaling storage chips for AI servers while moving its first AI MCUs into mass production and taping out higher-performance edge processors. Our models still see the business as overvalued despite the shift toward these higher-margin areas. Will storage demand and new AI products lift margins enough to close the gap, or will memory pricing pressure and slower adoption hold growth back?
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.Semiconductors · 344 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−46.3% · Below median
Profitability
Return on equity (12 months)10.5% · Above median
Return on assets2.8% · Below median
Net margin (12 months)21.3% · Top 25%
Operating margin (12 months)39.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)101.7% · Top 25%
Dividend yield (12 months)0.1% · Bottom 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)39.6× · Pricier than median
P/B4.35× · Pricier than median
P/S (12 months)8.40× · Pricier than median
Price / free cash flow96.6× · Priciest 25%
EV/EBITDA31.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 95
PAST (return on equity)42· sector 28
HEALTH (low debt)0· sector 96
DIVIDEND (yield)3· sector 18
VALUE 0: the price sits above our fair-value range.
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). "Ingenic Semiconductor Fair Value". https://www.fairvalue-calculator.com/stock/300223
Frequently asked questions
Is Ingenic Semiconductor (300223) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of ¥60.18 versus a price of ¥111.98, about −46% upside (overvalued).
What is the fair value of 300223?
Our model-based fair value for Ingenic Semiconductor is ¥60.18 (as of Oct 29, 2026), built from audited fundamentals. The current price: ¥111.98.
What is the quality score of 300223?
Ingenic Semiconductor has a Quality Score of 69/100. 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 Ingenic Semiconductor (300223)?
Our model-based price target is the fair value of ¥60.18 (as of Oct 29, 2026) from 26 valuation models. Cautious scenario ¥44.10, optimistic scenario ¥93.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Ingenic Semiconductor stock forecast for 2026?
Our models put fair value at ¥60.18, about −46% upside versus a price of ¥111.98 (overvalued). Cautious scenario ¥44.10, optimistic scenario ¥93.44. The calculation is refreshed regularly with new filings.
What is the revenue of Ingenic Semiconductor (300223)?
Ingenic Semiconductor reported trailing-twelve-month revenue of about 6.4B CNY (latest available figure, as of Oct 29, 2026).
Does Ingenic Semiconductor pay a dividend?
Ingenic Semiconductor currently shows a dividend yield of 0.13% relative to its recent price (as of Oct 29, 2026).
What growth is priced into Ingenic Semiconductor (300223)?
For today's price to be fair in a discounted-cash-flow model, Ingenic Semiconductor would have to grow free cash flow by +44.4 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.9 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of 300223 use?
Our models discount Ingenic Semiconductor at 11.6 %: a base by market capitalisation (mid), damped by beta 1.47, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ingenic Semiconductor that is +44.4 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Ingenic Semiconductor (300223) delivered so far?
Over the past 5 years revenue at Ingenic Semiconductor grew +16.9 % a year. The price currently implies +44.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ingenic Semiconductor (300223) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Ingenic Semiconductor (+44.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ingenic Semiconductor (300223)?
The free-cash-flow yield on the price is 1.04 %: that much free cash flow Ingenic Semiconductor produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ingenic Semiconductor (300223)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ingenic Semiconductor it is ¥60.18 per share (as of Oct 29, 2026), against a price of ¥111.98. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Ingenic Semiconductor stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 300223 trades above its calculated fair value: price ¥111.98, fair value ¥60.18, a gap of about −46% (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 300223?
No. The price is what the market pays today (¥111.98); the fair value is what the company's own numbers justify (¥60.18). For Ingenic Semiconductor the two are ¥51.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ingenic Semiconductor worth?
The market values Ingenic Semiconductor at about 54.1B CNY (market capitalisation, as of Oct 29, 2026). Per share that is ¥111.98; our models calculate a fair value of ¥60.18 per share.
What do the bullish and bearish scenarios say about 300223?
Our models span a range for Ingenic Semiconductor: cautious scenario ¥44.10, base ¥60.18, optimistic ¥93.44 per share (as of Oct 29, 2026, price ¥111.98). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300223?
Ingenic Semiconductor trades at a price-to-earnings ratio of 39.6 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥60.18 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2025 ex one-offs: 113.1. Other multiples: P/B 4.4, P/S 8.4, EV/EBITDA 31.8.
How solid is the balance sheet of Ingenic Semiconductor (300223)?
Balance-sheet figures for Ingenic Semiconductor (as of Oct 29, 2026): return on equity 10.5%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 300223 from its 52-week high?
Ingenic Semiconductor trades at ¥111.98, about 57% below its 52-week high of ¥259.56 and 45% above the low of ¥77.32 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of ¥60.18 is for.
Which stocks are comparable to Ingenic Semiconductor?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Ingenic Semiconductor stock attractive at the current price?
The data as of Oct 29, 2026: price ¥111.98, calculated fair value ¥60.18 (−46%), Quality Score 69/100, from 26 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 300223 calculated?
We run Ingenic Semiconductor through 26 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 ¥60.18, 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 13.4 % above its aggregate fair value. Ingenic Semiconductor 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 Ingenic Semiconductor (300223)?
The closing price on Oct 28, 2026 was ¥111.98. Our model-based fair value is ¥60.18, about −46% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ingenic Semiconductor right now?
The price sits above even our optimistic bull case (¥93.44). The favourable scenario is already priced in. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥44.10 to ¥93.44) leaves room in how you read the outcome.
Key figures of Ingenic Semiconductor
How large is the market capitalisation of Ingenic Semiconductor (300223)?
The market capitalisation of Ingenic Semiconductor is 54.1B CNY (≈ $8.1B). 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 Ingenic Semiconductor (300223)?
The price-to-sales ratio of Ingenic Semiconductor is 8.40 (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 Ingenic Semiconductor (300223)?
Earnings per share at Ingenic Semiconductor are ¥2.83 (price ÷ EPS = P/E 39.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ingenic Semiconductor (300223)?
The dividend yield of Ingenic Semiconductor is 0.1% (payout 5.3%). 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 Ingenic Semiconductor (300223)?
The net margin of Ingenic Semiconductor is 21.3% (last twelve months). 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 Ingenic Semiconductor (300223)?
The return on equity (ROE) of Ingenic Semiconductor is 10.5% (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 Ingenic Semiconductor (300223)?
On an EBIT basis the return on assets of Ingenic Semiconductor is 4.8% (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 Ingenic Semiconductor (300223)?
The operating margin of Ingenic Semiconductor is 39.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ingenic Semiconductor (300223)?
Revenue at Ingenic Semiconductor is growing +102% versus a year earlier (3y avg −4.4%). 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 Ingenic Semiconductor (300223)?
Earnings per share at Ingenic Semiconductor are growing +578% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ingenic Semiconductor (300223) hold?
Ingenic Semiconductor holds more cash than debt, 4.1B CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 29, 2026