Victory Giant Technology Huizhou Co Ltd (300476) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Victory Giant Technology Huizhou Co Ltd stock ¥122, price ¥135, that is 9.3% below the price, quality 60 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 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. As of Nov 5, 2026.
How to read this chart
60‑month range ¥12.25 – ¥392.95 · fair‑value band ¥91.18 – ¥153.62 · the ¥135.00 price screens above the ¥122.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Victory Giant Technology (HuiZhou) Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of high-precision printed circuit boards in China and internationally.
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The company offers artificial intelligence and computing products, including HDIs and multilayer PCBs; smart terminals, such as HDIs and FPCs for AI computers, wearable devices, and AR/VR devices; and automotive electronics comprising HDIs, high-multilayer PCBs, and FPCs for three-electric systems of energy vehicles, intelligent driving, body control modules, and smart cockpits.
It also provides network telecommunication products, which include high-multilayer PCBs and HDIs for 5G base stations, optical communication equipment, and data center optical modules; and medical equipment and other products, such as MLPCBs, HDIs, and FPCs for medical devices, industrial automation control systems, and core control modules for humanoid robots.
In addition, the company is involved in electronic commerce; consulting; and capital market services. It exports its products.
It caters to global AI technology solution providers, cloud service providers, data center equipment OEMs, server manufacturers, EV companies, automotive electronics suppliers, prominent smart device brands, and major medical device manufacturers.
The company was founded in 2003 and is headquartered in Huizhou, China.
Stock analysis
Victory Giant Technology Huizhou Co Ltd (300476) currently trades at ¥135.00, while our model-based Fair Value estimate is ¥122.40, 9% 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 ¥232.26 per share, and 6 of the 16 models we run sit above the ¥135.00 price.
Bear case: the Economic Profit group reads lowest at ¥42.57, and 10 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥91.18 (bear) to ¥153.62 (bull), the price of ¥135.00 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 60/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Victory Giant Technology Huizhou Co Ltd reported revenue of 19.3B CNY in FY2025 versus 7.4B CNY in FY2021, a compound +26.9%/yr. Reported net income was 4.3B CNY in FY2025, compounding +59.3%/yr from FY2021.
Key figures
Market cap 116B CNY (≈ $17.5B) Large · P/E ratio 27.7 · P/S ratio 4.93 · EPS (TTM) ¥4.42 · Dividend yield 1.5% · Net margin 18.8% · Return on equity 16.6% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 74 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 10% 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 −9%, 300476 screens cheaper than that median.
Fair Value models
Bear¥91.18Fair Value ¥122.40Bull¥153.62
Price ¥135.00 · Downside -9.3%
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 (¥2.06 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+79.5%
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.
+34.7%
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.
+28.0%
Start year 2020 (pandemic). Over 10 years: +31.1% 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.
+26.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.7%
Dividend (yield on the price)1.5%
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.49.5% vs 36.9%, picking up
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.11% → 27%
2025 sits 444% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
AI conclusion: Solid revenue growth from AI-driven demand for high-end PCBs contrasts with negative free cash flow and gross margin pressure from new capacity.
Main risk: Chiplet architectures and 2.5D/3D advanced packaging could reduce the surface area needed for traditional high-layer PCBs in servers and thereby lower demand for the company's core high-end products.
Bull case: The company could deepen its lead in ultra-high-layer and advanced HDI boards by co-developing solutions with customers for chiplet-compatible substrates and thereby capture more value even as packaging evolves.
Bear case: If advanced packaging significantly reduces traditional PCB content in AI servers and rivals add low-cost capacity while export restrictions tighten, the company could lose substantial revenue from its main high-end products and key customers.
Victory Giant keeps posting solid revenue growth from AI-driven demand for its high-end PCBs, especially in exports. New capacity additions have already pressured gross margins in the first half though. With cornerstone lock-ups due to expire in the coming days, will sustained AI tailwinds offset the extra supply pressure on the shares?
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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 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−9.3% · Above median
Profitability
Return on equity (12 months)16.6% · Top 25%
Return on assets12.2% · Top 25%
Net margin (12 months)18.8% · Top 25%
Operating margin (12 months)25.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)34.3% · Top 25%
Dividend yield (12 months)1.5% · Above median
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Victory Giant Technology Huizhou Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300476
Frequently asked questions
Is Victory Giant Technology Huizhou Co Ltd (300476) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥122.40 versus a price of ¥135.00, about 9% lower (overvalued).
What is the fair value of 300476?
Our model-based fair value for Victory Giant Technology Huizhou Co Ltd is ¥122.40 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥135.00.
What is the quality score of 300476?
Victory Giant Technology Huizhou Co Ltd has a Quality Score of 60/100. 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 Victory Giant Technology Huizhou Co Ltd (300476)?
Our model-based price target is the fair value of ¥122.40 (as of Nov 5, 2026) from 16 valuation models. Cautious scenario ¥91.18, optimistic scenario ¥153.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Victory Giant Technology Huizhou Co Ltd stock forecast for 2026?
Our models put fair value at ¥122.40, about 9% lower versus a price of ¥135.00 (overvalued). Cautious scenario ¥91.18, optimistic scenario ¥153.62. The calculation is refreshed regularly with new filings.
What is the revenue of Victory Giant Technology Huizhou Co Ltd (300476)?
Victory Giant Technology Huizhou Co Ltd reported trailing-twelve-month revenue of about 23.6B CNY (latest available figure, as of Nov 5, 2026).
Does Victory Giant Technology Huizhou Co Ltd pay a dividend?
Victory Giant Technology Huizhou Co Ltd currently shows a dividend yield of 1.48% relative to its recent price (as of Nov 5, 2026).
What is the intrinsic value of Victory Giant Technology Huizhou Co Ltd (300476)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Victory Giant Technology Huizhou Co Ltd it is ¥122.40 per share (as of Nov 5, 2026), against a price of ¥135.00. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Victory Giant Technology Huizhou Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 300476 trades above its calculated fair value: price ¥135.00, fair value ¥122.40, a gap of about −9% (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 300476?
No. The price is what the market pays today (¥135.00); the fair value is what the company's own numbers justify (¥122.40). For Victory Giant Technology Huizhou Co Ltd the two are ¥12.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Victory Giant Technology Huizhou Co Ltd worth?
The market values Victory Giant Technology Huizhou Co Ltd at about 116B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥135.00; our models calculate a fair value of ¥122.40 per share.
What do the bullish and bearish scenarios say about 300476?
Our models span a range for Victory Giant Technology Huizhou Co Ltd: cautious scenario ¥91.18, base ¥122.40, optimistic ¥153.62 per share (as of Nov 5, 2026, price ¥135.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300476?
Victory Giant Technology Huizhou Co Ltd trades at a price-to-earnings ratio of 27.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥122.40 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: 29.3. Other multiples: P/B 7.0, P/S 4.9, EV/EBITDA 16.6.
How solid is the balance sheet of Victory Giant Technology Huizhou Co Ltd (300476)?
Balance-sheet figures for Victory Giant Technology Huizhou Co Ltd (as of Nov 5, 2026): return on equity 16.6%, debt of 0.23 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 300476 from its 52-week high?
Victory Giant Technology Huizhou Co Ltd trades at ¥135.00, about 66% below its 52-week high of ¥392.95 and 10% above the low of ¥122.71 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥122.40 is for.
Which stocks are comparable to Victory Giant Technology Huizhou 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 Victory Giant Technology Huizhou Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥135.00, calculated fair value ¥122.40 (−9%), Quality Score 60/100, from 16 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 300476 calculated?
We run Victory Giant Technology Huizhou Co Ltd through 16 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 ¥122.40, 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 15.0% above its aggregate fair value. Victory Giant Technology Huizhou 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 Victory Giant Technology Huizhou Co Ltd (300476)?
The closing price on Nov 5, 2026 was ¥135.00. Our model-based fair value is ¥122.40, about 9% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Victory Giant Technology Huizhou Co Ltd right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Victory Giant Technology Huizhou Co Ltd (300476) come from?
Earnings per share at Victory Giant Technology Huizhou Co Ltd grew +27.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +22.3 %, EBIT margin +4.8 %, tax rate +0.1 %, residual (interest, one-offs) −0.4 %. 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 Victory Giant Technology Huizhou Co Ltd
How large is the market capitalisation of Victory Giant Technology Huizhou Co Ltd (300476)?
The market capitalisation of Victory Giant Technology Huizhou Co Ltd is 116B CNY (≈ $17.5B). 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 Victory Giant Technology Huizhou Co Ltd (300476)?
The price-to-sales ratio of Victory Giant Technology Huizhou Co Ltd is 4.93 (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 Victory Giant Technology Huizhou Co Ltd (300476)?
Earnings per share at Victory Giant Technology Huizhou Co Ltd are ¥4.42 (price ÷ EPS = P/E 27.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Victory Giant Technology Huizhou Co Ltd (300476)?
The dividend yield of Victory Giant Technology Huizhou Co Ltd is 1.5% (payout 45.2%). 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 Victory Giant Technology Huizhou Co Ltd (300476)?
The net margin of Victory Giant Technology Huizhou Co Ltd is 18.8% (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 Victory Giant Technology Huizhou Co Ltd (300476)?
The return on equity (ROE) of Victory Giant Technology Huizhou Co Ltd is 16.6% (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 Victory Giant Technology Huizhou Co Ltd (300476)?
On an EBIT basis the return on assets of Victory Giant Technology Huizhou Co Ltd is 7.5% (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 Victory Giant Technology Huizhou Co Ltd (300476)?
The operating margin of Victory Giant Technology Huizhou Co Ltd is 25.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Victory Giant Technology Huizhou Co Ltd (300476)?
Revenue at Victory Giant Technology Huizhou Co Ltd is growing +34.3% versus a year earlier (3y avg +34.7%). 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 Victory Giant Technology Huizhou Co Ltd (300476)?
Earnings per share at Victory Giant Technology Huizhou Co Ltd are growing +11.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Victory Giant Technology Huizhou Co Ltd (300476) generate?
The free cash flow of Victory Giant Technology Huizhou Co Ltd is −2.0B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Victory Giant Technology Huizhou Co Ltd (300476) carry?
The net debt of Victory Giant Technology Huizhou Co Ltd is 2.2B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026