Lens Technology Co Ltd (300433) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Lens Technology Co Ltd stock ¥21.99, price ¥27.90, that is 21.2% below the price, quality 53 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Our calculation puts a fair price 21% below what the stock costs today.
Low debt
Generates free cash flow
Broad data
Quality 53/100
Mixed Growth(revenue 5y +15.0 %/yr in CNY)
Thin margins · 3.8% net margin (TTM)
Mixed vs. peers(6/15)
Revenue last quarter 8% below a year ago.
Fair value ¥21.99 · Overvalued (−21.2%)
2.0% dividend yield · Pays more than it earns
Narrow moat40/100 · thin data
Risks from the AI analysis
🚩Price drop: Sharply lower first-half profits amid weakness in consumer electronics🚩Lower first-half profits from consumer electronics weakness🚩Heavy reliance on Apple as top customer🚩Rivalry with Biel Crystal and other integrators
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ¥8.38 – ¥55.08 · fair‑value band ¥10.90 – ¥28.25 · the ¥27.90 price screens above the ¥21.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Lens Technology Co., Ltd. engages in the research and development, production, and sale of structural components, functional modules, complete machine assembly, and other supporting services in China and internationally.
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The company offers front and rear glass cover; stainless steel, space aluminum, magnesium-aluminum alloy, titanium alloy, and other new composite materials; metal; sapphire; ceramics; plastics molds; other materials; and protective panels, fingerprint modules, touch modules, biometrics, and other appearance structures.
It also provides functional components, supporting accessories, fixture molds, and self-developed industrial internet systems, as well as production, testing, and automation equipment.
It serves smartphones, smart wearables, laptops, tablets, smart vehicles, smart home appliances, photovoltaic products, and other applications. The company was founded in 1993 and is based in Changsha, China. Lens Technology Co., Ltd. is a subsidiary of Lens Technology (Hong Kong) Co., Ltd.
Stock analysis
Lens Technology Co Ltd (300433) currently trades at ¥27.90, while our model-based Fair Value estimate is ¥21.99, 21% 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 ¥22.62 per share, and 4 of the 26 models we run sit above the ¥27.90 price.
Bear case: the Dividend Discount group reads lowest at ¥7.29, and 22 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥10.90 (bear) to ¥28.25 (bull), the price of ¥27.90 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 53/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lens Technology Co Ltd reported revenue of 74.4B CNY in FY2025 versus 45.3B CNY in FY2021, a compound +13.2%/yr. Reported net income was 4.0B CNY in FY2025, compounding +18.0%/yr from FY2021.
Key figures
Market cap 147B CNY (≈ $22.1B) Large · P/E ratio 56.6 · P/S ratio 2.15 · EPS (TTM) ¥0.4700 · Dividend yield 2.0% · Net margin 3.8% · Return on equity 5.0% · Return on assets (EBIT) 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −15% fair-value upside, at −21%, 300433 screens richer than that median.
Fair Value models
Bear¥10.90Fair Value ¥21.99Bull¥28.25
Price ¥27.90 · Downside -21.2%
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.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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.5%
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.
+16.8%
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.
+15.0%
Start year 2020 (pandemic). Over 10 years: +15.8% a year
Revenue growth 14 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.
+19.7%
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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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.5%
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.4.5% vs 7.8%, 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.16% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+36.9%
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.
+19.7%
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 +34.6% a year for the price and +17.7% for the forecasts.
AI conclusion: The business gains from shifting toward higher-value products and an Intel tie-up in AI substrates, yet its main weakness is thin evidence of lasting competitive edges amid sparse external signals.
Main risk: Apple accounted for around 45 percent of revenue and the top five customers for over 80 percent, so any reduction in orders or diversification by the client could sharply reduce volumes and pressure margins in the core glass and structural components business.
Bull case: By leveraging its precision glass expertise and Intel collaboration Lens could secure leading positions in TGV substrates and AI server components while deepening ties with multiple OEMs beyond Apple to offset core segment pressure.
Bear case: If Apple and other major clients accelerate dual-sourcing or shift to alternative materials while rivals capture share in emerging AI hardware the company could face sustained volume declines and margin erosion across its manufacturing platform.
Lens Technology reports sharply lower first-half profits amid weakness in consumer electronics, yet it improved gross margins through a shift to higher-value products and is pushing into AI advanced packaging via its collaboration with Intel on TGV glass substrates. Our models see the stock as overvalued. Will the emerging AI and server businesses generate enough new revenue to offset ongoing pressure in the core smartphone and PC segments?
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 · 652 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−21.2% · Above median
Profitability
Return on equity (12 months)5.0% · Below median
Return on assets4.8% · Above median
Net margin (12 months)3.8% · Below median
Operating margin (12 months)9.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)−8.1% · Bottom 25%
Dividend yield (12 months)2.0% · Above median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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). "Lens Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300433
Frequently asked questions
Is Lens Technology Co Ltd (300433) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of ¥21.99 versus a price of ¥27.90, about 21% lower (overvalued).
What is the fair value of 300433?
Our model-based fair value for Lens Technology Co Ltd is ¥21.99 (as of Nov 2, 2026), built from audited fundamentals. The current price: ¥27.90.
What is the quality score of 300433?
Lens Technology Co Ltd has a Quality Score of 53/100. 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 Lens Technology Co Ltd (300433)?
Our model-based price target is the fair value of ¥21.99 (as of Nov 2, 2026) from 26 valuation models. Cautious scenario ¥10.90, optimistic scenario ¥28.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Lens Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥21.99, about 21% lower versus a price of ¥27.90 (overvalued). Cautious scenario ¥10.90, optimistic scenario ¥28.25. The calculation is refreshed regularly with new filings.
What is the revenue of Lens Technology Co Ltd (300433)?
Lens Technology Co Ltd reported trailing-twelve-month revenue of about 68.6B CNY (latest available figure, as of Nov 2, 2026).
Does Lens Technology Co Ltd pay a dividend?
Lens Technology Co Ltd currently shows a dividend yield of 1.97% relative to its recent price (as of Nov 2, 2026).
What growth is priced into Lens Technology Co Ltd (300433)?
For today's price to be fair in a discounted-cash-flow model, Lens Technology Co Ltd would have to grow free cash flow by +36.9 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.0 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of 300433 use?
Our models discount Lens Technology Co Ltd at 10.8 %: a base by market capitalisation (large), damped by beta 1.34, 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 Lens Technology Co Ltd that is +36.9 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Lens Technology Co Ltd (300433) delivered so far?
Over the past 5 years revenue at Lens Technology Co Ltd grew +15.0 % a year. The price currently implies +36.9 % 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 Lens Technology Co Ltd (300433) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Lens Technology Co Ltd (+36.9 % 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 Lens Technology Co Ltd (300433)?
The free-cash-flow yield on the price is 1.37 %: that much free cash flow Lens Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lens Technology Co Ltd (300433)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lens Technology Co Ltd it is ¥21.99 per share (as of Nov 2, 2026), against a price of ¥27.90. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Lens Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 300433 trades above its calculated fair value: price ¥27.90, fair value ¥21.99, a gap of about −21% (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 300433?
No. The price is what the market pays today (¥27.90); the fair value is what the company's own numbers justify (¥21.99). For Lens Technology Co Ltd the two are ¥5.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lens Technology Co Ltd worth?
The market values Lens Technology Co Ltd at about 147B CNY (market capitalisation, as of Nov 2, 2026). Per share that is ¥27.90; our models calculate a fair value of ¥21.99 per share.
What do the bullish and bearish scenarios say about 300433?
Our models span a range for Lens Technology Co Ltd: cautious scenario ¥10.90, base ¥21.99, optimistic ¥28.25 per share (as of Nov 2, 2026, price ¥27.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300433?
Lens Technology Co Ltd trades at a price-to-earnings ratio of 56.6 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥21.99 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 28.6. Other multiples: PEG 0.7, P/B 2.7, P/S 2.1, EV/EBITDA 15.6.
What is the PEG ratio of 300433?
The PEG ratio of Lens Technology Co Ltd is 0.68 (P/E divided by earnings growth, as of Nov 2, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Lens Technology Co Ltd (300433)?
Balance-sheet figures for Lens Technology Co Ltd (as of Nov 2, 2026): return on equity 5.0%, debt of 0.08 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 300433 from its 52-week high?
Lens Technology Co Ltd trades at ¥27.90, about 49% below its 52-week high of ¥55.08 and 11% above the low of ¥25.16 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥21.99 is for.
Which stocks are comparable to Lens Technology Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Lens Technology Co Ltd stock attractive at the current price?
The data as of Nov 2, 2026: price ¥27.90, calculated fair value ¥21.99 (−21%), Quality Score 53/100, 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 300433 calculated?
We run Lens Technology Co Ltd 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 ¥21.99, 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 15.5% above its aggregate fair value. Lens Technology 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 Lens Technology Co Ltd (300433)?
The closing price on Nov 5, 2026 was ¥27.90. Our model-based fair value is ¥21.99, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lens Technology Co Ltd right now?
Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥10.90 to ¥28.25) leaves room in how you read the outcome.
Where does the earnings growth of Lens Technology Co Ltd (300433) come from?
Earnings per share at Lens Technology Co Ltd grew +2.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +11.1 %, EBIT margin −7.3 %, tax rate +0.7 %, residual (interest, one-offs) −1.6 %. 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 Lens Technology Co Ltd
How large is the market capitalisation of Lens Technology Co Ltd (300433)?
The market capitalisation of Lens Technology Co Ltd is 147B CNY (≈ $22.1B). 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 Lens Technology Co Ltd (300433)?
The price-to-sales ratio of Lens Technology Co Ltd is 2.15 (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 Lens Technology Co Ltd (300433)?
Earnings per share at Lens Technology Co Ltd are ¥0.4700 (price ÷ EPS = P/E 56.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lens Technology Co Ltd (300433)?
The dividend yield of Lens Technology Co Ltd is 2.0% (payout 117%). 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 Lens Technology Co Ltd (300433)?
The net margin of Lens Technology Co Ltd is 3.8% (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 Lens Technology Co Ltd (300433)?
The return on equity (ROE) of Lens Technology Co Ltd is 5.0% (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 Lens Technology Co Ltd (300433)?
On an EBIT basis the return on assets of Lens Technology Co Ltd is 4.4% (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 Lens Technology Co Ltd (300433)?
The operating margin of Lens Technology Co Ltd is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lens Technology Co Ltd (300433)?
Revenue at Lens Technology Co Ltd is growing −8.1% versus a year earlier (3y avg +16.8%). 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 Lens Technology Co Ltd (300433)?
Earnings per share at Lens Technology Co Ltd are growing −50.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lens Technology Co Ltd (300433) hold?
Lens Technology Co Ltd holds more cash than debt, 1.5B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 2, 2026