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Shenzhen Microgate Technology Co (300319) Fair Value & Analysis

Technology · CN · Market cap 20.1B CNY

SM Shenzhen Microgate Technology Co 300319 · SHE
Price¥17.25
Fair Value¥7.13
Upside-58.7%
Quality54/100
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Expensive Growth
Thin margins · 7.8% net margin
Low debt · generates free cash flow
0.51% dividend yield
Mixed vs. peers (6/14)
Narrow moat 39/100
Evidence: High Range ¥4.54 – ¥8.91 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price −24.7% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥8.91). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥4.54 to ¥8.91) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥31.63 ¥5.79 Fair Value ¥7.13 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥5.79 – ¥31.63 · fair‑value band ¥4.54 – ¥8.91 · the ¥17.25 price screens above the ¥7.13 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shenzhen Microgate Technology Co (300319) currently trades at ¥17.25, while our model-based Fair Value estimate is ¥7.13, implying the stock looks roughly 58.7% overvalued today. The Quality Score stands at 54/100 (solid 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: high).

Over the trailing twelve months, Shenzhen Microgate Technology Co generated revenue of 3.9B CNY at a net margin of 7.8%. Revenue grew 10.7% year over year. It earns a return on equity of 6.2%. The balance sheet holds a net cash position of 32.1M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥4.54 (bear case) to ¥8.91 (bull case); at ¥17.25, the current price sits above 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 32% below its 52-week high and 76% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -59%, 300319 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥2.17 ¥3.55 ¥6.32 80
Residual Income ¥4.40 ¥4.58 ¥4.77 76
Rev-Margin DCF ¥3.90 ¥7.91 ¥14.15 74
All 24 models by family
DCF Models
FCF DCF ¥2.27 ¥3.26 ¥6.35 38
Owner Earnings ¥2.39 ¥4.67 ¥9.48 31
5Y Revenue Exit ¥3.90 ¥7.11 ¥13.64 39
5Y EBITDA Exit ¥6.29 ¥12.12 ¥23.21 41
5Y P/E Exit ¥4.94 ¥10.81 ¥18.71 38
10Y Revenue Exit ¥3.28 ¥7.48 ¥11.64 36
10Y EBITDA Exit ¥5.15 ¥12.30 ¥26.44 37
10Y P/E Exit ¥4.19 ¥9.59 ¥19.56 35
Earnings-Based
Graham-Dodd ¥2.42 ¥16.90 ¥23.72 54
Lynch FV ¥5.60 ¥8.00 ¥10.41 50
PEG = 1.0 ¥5.60 ¥8.00 ¥10.41 46
EPV ¥4.03 ¥4.60 ¥5.10 59
Multiples
P/E Multiple ¥5.35 ¥7.13 ¥8.91 63
P/S Multiple ¥4.54 ¥6.06 ¥7.57 58
P/B Multiple ¥4.54 ¥6.06 ¥7.57 55
EV/EBIT ¥6.00 ¥7.81 ¥9.61 53
EV/EBITDA ¥7.79 ¥10.18 ¥12.58 54
EV/Revenue ¥4.24 ¥5.80 ¥7.37 43
Asset-Based
NCAV (Graham) ¥2.75 ¥3.69 ¥5.50 50
Growth DCF
Growth DCF ¥2.17 ¥3.55 ¥6.32 80
Rev-Margin DCF ¥3.90 ¥7.91 ¥14.15 74
Economic Profit
Residual Income ¥4.40 ¥4.58 ¥4.77 76
ROIC Compounder ¥4.03 ¥4.60 ¥5.10 72
Growth Earnings
Growth-Adj P/E ¥7.26 ¥10.38 ¥13.49 68

Widest divergence: Growth Earnings (¥10.38) versus Growth DCF (¥3.55). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.9B CNY
Revenue growth (YoY) +10.7%
Net margin 7.8%
Return on equity 6.2%
Free cash flow 89.2M CNY FY2025
P/E ratio 66.6
More key figures
Operating margin 7.9%
EPS (TTM) ¥0.3400
Dividend yield 0.5%
EPS growth (YoY) -25.4%
Net cash 32.1M CNY FY2024

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 76

Profitability 32
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 64
Buybacks instead of dilution

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

Shenzhen Microgate Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of passive electronic components and modules in China and internationally.

Full company description

Shenzhen Microgate Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of passive electronic components and modules in China and internationally. The company offers winding and integrated power inductors; chip circuit protection elements; multilayer chip inductors; LTCC RF components and modules; SAW filters and duplexers; molding and wire wound inductors; EMI/EMC components, including CMC and beads; and transformers, as well as technical support services. Its products are used in communications, consumer electronics, computers, internet application products, LED lighting, automotive electronics, and industrial equipment, as well as wireless and digital products, LCD/LED TV and monitors, and other applications. Shenzhen Microgate Technology Co., Ltd. was founded in 2001 and is based in Shenzhen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Microgate Technology Co reported revenue of ¥3.8B in FY2025 versus ¥3.3B in FY2021, a compound +3.4%/yr. Reported net income was ¥316M in FY2025, compounding +1.0%/yr from FY2021.

Growth Quality 61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.8B CNY
Latest YoY
+20.4%
Avg. growth/yr (3Y)
+6.4%
Avg. growth/yr (5Y)
+10.2%
Avg. growth/yr (17Y)
+26.8%
Revenue +3.4%/yr
FY21 ¥3.3B
FY22 ¥3.2B
FY23 ¥3.0B
FY24 ¥3.1B
FY25 ¥3.8B
Net income +1.0%/yr
FY21 ¥304M
FY22 ¥200M
FY23 ¥270M
FY24 ¥333M
FY25 ¥316M

300319 screens 59% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Shenzhen Microgate Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300319

Peer Group

Electronic Components · 626 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.

Quality Score 54 · Above median
Fair Value upside −59% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 66.6× · Pricier than median
P/B 4.12× · Pricier than median
P/S (TTM) 5.19× · Pricier than 75% of peers
P/FCF 33.5× · Pricier than 75% of peers
EV/EBITDA 37.3× · Pricier than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 54 · sector 32
PAST 25 · sector 24
HEALTH 100 · sector 95
DIVIDEND 10 · sector 25

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Shenzhen Microgate Technology Co (300319) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥7.13 versus a price of ¥17.25, about −59% (overvalued).
What is the fair value of 300319?
Our model-based fair value for Shenzhen Microgate Technology Co is ¥7.13 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥17.25.
What is the quality score of 300319?
Shenzhen Microgate Technology Co has a Quality Score of 54/100. 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 revenue of Shenzhen Microgate Technology Co (300319)?
Shenzhen Microgate Technology Co reported trailing-twelve-month revenue of about 3.9B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300319?
The net profit margin of Shenzhen Microgate Technology Co is about 7.8%, meaning it keeps roughly 7.8% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Microgate Technology Co pay a dividend?
Shenzhen Microgate Technology Co currently shows a dividend yield of about 0.51% relative to its recent price (as of Jul 9, 2026).

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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