Leyard Optoelectronic (300296) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Leyard Optoelectronic ¥5.46, price ¥4.96, upside +10.0%, quality 59 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 24, 2026.
How to read this chart
60‑month range ¥3.75 – ¥10.43 · fair‑value band ¥4.10 – ¥6.82 · the ¥4.96 price screens below the ¥5.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Leyard Optoelectronic Co., Ltd. operates as an audio-visual technology company in China and internationally. The company operates through Intelligent Display; Cultural Tourism and Nighttime Entertainment; and AI and Spatial Computing segments.
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Leyard Optoelectronic Co., Ltd. operates as an audio-visual technology company in China and internationally. The company operates through Intelligent Display; Cultural Tourism and Nighttime Entertainment; and AI and Spatial Computing segments. It provides micro and small pitch LED products; AI smart devices; movie screens; commercial displays; project shows; outdoor naked-eye 3D display; indoor rental creative display; virtual shooting; outdoor all-in-one machine; smart meetings; smart education; and supporting equipment. The company offers solutions including lingshi intelligent comprehensive service platform; creative interactive large-screen; Big data visualization command center; stadium LED screen; smart light pole; smart campus construction overall; education big data integration; smart classroom; super studio solution; campus culture construction; campus hall cinema integration; immersive multi-party cloud teaching system; venues; museums; shows; night tours; XR; immersive entertainment; digital human; digital sports; cultural digital; industry simulation; and virtual simulation laboratory solutions. Its products and solutions are used in command and control, conference displays, broadcasting studios, commercial retail, sports events, and urban landmarks. The company was formerly known as Beijing Leyard Electronics Technology Co Ltd. Leyard Optoelectronic Co., Ltd. was incorporated in 1995 and is headquartered in Beijing, China.
Stock analysis
Leyard Optoelectronic (300296) currently trades at ¥4.96, while our model-based Fair Value estimate is ¥5.46, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥6.37 per share, and 11 of the 24 models we run sit above the ¥4.96 price.
Bear case: the Earnings-Based group reads lowest at ¥1.73, and 13 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥4.10 (bear) to ¥6.82 (bull), the price of ¥4.96 sits inside 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 59/100 (solid quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Leyard Optoelectronic reported revenue of 7.1B CNY in FY2025 versus 8.9B CNY in FY2021, a compound −5.5%/yr. Reported net income was 307M CNY in FY2025, compounding −15.8%/yr from FY2021.
Key figures
Market cap 18.5B CNY (≈ $2.8B) · P/E ratio 55.1 · P/S ratio 2.40 · EPS (TTM) ¥0.0900 · Dividend yield 2.0% · Net margin 4.3% · Return on equity 3.3% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at 10%, 300296 screens cheaper than that median.
Fair Value models
Bear ¥4.10Fair Value ¥5.46Bull ¥6.82
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.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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−1.2%
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.
−4.7%
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.
+1.3%
Start year 2020 (pandemic). Over 10 years: +13.3% a year
Revenue growth 17 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.
+24.4%
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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.
−12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.9%
Dividend (yield on the price)2.0%
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.−15% vs −10%, slowing
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.−14% → 9%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
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).
+1.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −0.2% a year for the price.
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.Electronic Components · 654 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+10% · Top 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−22% · Bottom 25%
Dividend yield (TTM)2.0% · Above median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Leyard Optoelectronic Fair Value". https://www.fairvalue-calculator.com/stock/300296
Frequently asked questions
Is Leyard Optoelectronic (300296) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥5.46 versus a price of ¥4.96, about +10% upside (undervalued).
What is the fair value of 300296?
Our model-based fair value for Leyard Optoelectronic is ¥5.46 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥4.96.
What is the quality score of 300296?
Leyard Optoelectronic has a Quality Score of 59/100. 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 Leyard Optoelectronic (300296)?
Our model-based price target is the fair value of ¥5.46 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ¥4.10, optimistic scenario ¥6.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Leyard Optoelectronic stock forecast for 2026?
Our models put fair value at ¥5.46, about +10% upside versus a price of ¥4.96 (undervalued). Cautious scenario ¥4.10, optimistic scenario ¥6.82. The calculation is refreshed regularly with new filings.
What is the revenue of Leyard Optoelectronic (300296)?
Leyard Optoelectronic reported trailing-twelve-month revenue of about 6.7B CNY (latest available figure, as of Sep 24, 2026).
Does Leyard Optoelectronic pay a dividend?
Leyard Optoelectronic currently shows a dividend yield of about 2.02% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Leyard Optoelectronic (300296)?
For today's price to be fair in a discounted-cash-flow model, Leyard Optoelectronic would have to grow free cash flow by +1.5 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 300296 use?
Our models discount Leyard Optoelectronic at 9.1 %: a base by market capitalisation (mid), damped by beta 0.41, 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 Leyard Optoelectronic that is +1.5 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Leyard Optoelectronic (300296) delivered so far?
Over the past 5 years revenue at Leyard Optoelectronic grew +1.3 % a year. The price currently implies +1.5 % 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 Leyard Optoelectronic (300296) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Leyard Optoelectronic (+1.5 % 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 Leyard Optoelectronic (300296)?
The free-cash-flow yield on the price is 6.09 %: that much free cash flow Leyard Optoelectronic produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Leyard Optoelectronic (300296)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Leyard Optoelectronic it is ¥5.46 per share (as of Sep 24, 2026), against a price of ¥4.96. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Leyard Optoelectronic stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 300296 trades below its calculated fair value: price ¥4.96, fair value ¥5.46, a gap of about +10% (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 300296?
No. The price is what the market pays today (¥4.96); the fair value is what the company's own numbers justify (¥5.46). For Leyard Optoelectronic the two are ¥0.4960 per share apart. That gap is exactly why we show both numbers side by side.
How much is Leyard Optoelectronic worth?
The market values Leyard Optoelectronic at about 18.5B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥4.96; our models calculate a fair value of ¥5.46 per share.
What do the bullish and bearish scenarios say about 300296?
Our models span a range for Leyard Optoelectronic: cautious scenario ¥4.10, base ¥5.46, optimistic ¥6.82 per share (as of Sep 24, 2026, price ¥4.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300296?
Leyard Optoelectronic trades at a price-to-earnings ratio of 55.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥5.46 is built from several models across several years. Other multiples: P/B 2.3, P/S 2.8, EV/EBITDA 28.8.
How solid is the balance sheet of Leyard Optoelectronic (300296)?
Balance-sheet figures for Leyard Optoelectronic (as of Sep 24, 2026): return on equity 3.3%, debt of 0.03 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 300296 from its 52-week high?
Leyard Optoelectronic trades at ¥4.96, about 45% below its 52-week high of ¥9.08 and 3% above the low of ¥4.81 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.46 is for.
Which stocks are comparable to Leyard Optoelectronic?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Leyard Optoelectronic stock attractive at the current price?
The data as of Sep 24, 2026: price ¥4.96, calculated fair value ¥5.46 (+10%), Quality Score 59/100, from 24 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 300296 calculated?
We run Leyard Optoelectronic through 24 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 ¥5.46, 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 14.1 % above its aggregate fair value. Leyard Optoelectronic currently trades 10 % 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 Leyard Optoelectronic (300296)?
The closing price on Sep 22, 2026 was ¥4.96. Our model-based fair value is ¥5.46, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Leyard Optoelectronic right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Leyard Optoelectronic (300296) come from?
Earnings per share at Leyard Optoelectronic grew −6.5 % a year from 2013 to 2024. Broken into its drivers: revenue per share +10.1 %, EBIT margin −12.3 %, tax rate −1.1 %, residual (interest, one-offs) −2.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Leyard Optoelectronic
How large is the market capitalisation of Leyard Optoelectronic (300296)?
The market capitalisation of Leyard Optoelectronic is 18.5B CNY (≈ $2.8B). 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 Leyard Optoelectronic (300296)?
The price-to-sales ratio of Leyard Optoelectronic is 2.40 (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 Leyard Optoelectronic (300296)?
Earnings per share at Leyard Optoelectronic are ¥0.0900 (price ÷ EPS = P/E 55.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Leyard Optoelectronic (300296)?
The dividend yield of Leyard Optoelectronic is 2.0% (payout 111%). 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 Leyard Optoelectronic (300296)?
The net margin of Leyard Optoelectronic is 4.3% (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 Leyard Optoelectronic (300296)?
The return on equity (ROE) of Leyard Optoelectronic is 3.3% (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 Leyard Optoelectronic (300296)?
On an EBIT basis the return on assets of Leyard Optoelectronic is 1.4% (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 Leyard Optoelectronic (300296)?
The operating margin of Leyard Optoelectronic is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Leyard Optoelectronic (300296)?
Revenue at Leyard Optoelectronic is growing −21.6% versus a year earlier (3y avg −4.7%). 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 Leyard Optoelectronic (300296)?
Earnings per share at Leyard Optoelectronic are growing −77.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Leyard Optoelectronic (300296) hold?
Leyard Optoelectronic holds more cash than debt, 2.1B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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