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Queclink Wireless Solutions Co (300590) Fair Value & Analysis

Technology · CN · Market cap 7.1B CNY

QW Queclink Wireless Solutions Co 300590 · SHE
Price¥11.18
Fair Value¥5.85
Upside-47.7%
Quality54/100
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Mixed Growth
Solidly profitable · 11.2% net margin
generates free cash flow
0.81% dividend yield
Mixed vs. peers (6/13)
Moderate moat 45/100
Evidence: High Range ¥4.39 – ¥7.31 Share as image

Fair value as of: Jul 9, 2026

From 23 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥3.31 to ¥5.85 (+76.7%) since Jun 24, 2026. Share price −18.1% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.31). 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.
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Price vs Fair Value (5 years)

¥19.85 ¥6.70 Fair Value ¥5.85 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 ¥6.70 – ¥19.85 · fair‑value band ¥4.39 – ¥7.31 · the ¥11.18 price screens above the ¥5.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Queclink Wireless Solutions Co (300590) currently trades at ¥11.18, while our model-based Fair Value estimate is ¥5.85, implying the stock looks roughly 47.7% 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, Queclink Wireless Solutions Co generated revenue of 1.0B CNY at a net margin of 11.2%. Revenue grew 99.3% year over year. It earns a return on equity of 6.2%. The balance sheet holds a net cash position of 537M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥4.39 (bear case) to ¥7.31 (bull case); at ¥11.18, 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 31% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -48%, 300590 screens richer 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
Residual Income ¥2.92 ¥2.88 ¥2.56 76
Growth DCF ¥2.55 ¥3.27 ¥4.37 72
Growth-Adj P/E ¥1.88 ¥2.68 ¥3.49 68
All 23 models by family
DCF Models
FCF DCF ¥2.55 ¥3.31 ¥4.51 38
5Y Revenue Exit ¥2.76 ¥3.75 ¥5.08 39
5Y EBITDA Exit ¥3.00 ¥4.24 ¥5.75 41
5Y P/E Exit ¥3.25 ¥4.73 ¥6.37 38
10Y Revenue Exit ¥2.62 ¥3.52 ¥4.84 36
10Y EBITDA Exit ¥2.83 ¥3.86 ¥5.37 37
10Y P/E Exit ¥2.98 ¥4.20 ¥5.85 35
Earnings-Based
Graham-Dodd ¥1.11 ¥4.42 ¥6.01 54
Lynch FV ¥1.10 ¥1.57 ¥2.04 50
PEG = 1.0 ¥1.10 ¥1.57 ¥2.04 46
EPV ¥2.71 ¥2.91 ¥3.09 59
Multiples
P/E Multiple ¥2.44 ¥3.25 ¥4.06 63
P/S Multiple ¥2.07 ¥2.76 ¥3.45 58
P/B Multiple ¥2.07 ¥2.76 ¥3.45 55
EV/EBIT ¥3.63 ¥4.38 ¥5.12 53
EV/EBITDA ¥3.43 ¥4.10 ¥4.78 54
EV/Revenue ¥2.91 ¥3.55 ¥4.20 43
Asset-Based
NCAV (Graham) ¥1.99 ¥2.66 ¥3.97 50
Growth DCF
Growth DCF ¥2.55 ¥3.27 ¥4.37 72
Rev-Margin DCF ¥2.76 ¥3.73 ¥4.94 67
Economic Profit
Residual Income ¥2.92 ¥2.88 ¥2.56 76
ROIC Compounder ¥2.71 ¥2.91 ¥3.09 67
Growth Earnings
Growth-Adj P/E ¥1.88 ¥2.68 ¥3.49 68

Widest divergence: DCF Models (¥3.86) versus Earnings-Based (¥1.57). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.0B CNY
Revenue growth (YoY) +99.3%
Net margin 11.2%
Return on equity 6.2%
Free cash flow 45.8M CNY FY2025
P/E ratio 61.6
More key figures
Operating margin 19.8%
EPS (TTM) ¥0.2500
Dividend yield 0.8%
EPS growth (YoY) +450%
Net cash 537M 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) 41

Profitability 31
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 60
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

Queclink Wireless Solutions Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells wireless IoT equipment and solutions in China and internationally.

Full company description

Queclink Wireless Solutions Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells wireless IoT equipment and solutions in China and internationally. The company offers in-vehicle information intelligent terminals; asset management information intelligent terminals; two-wheeled vehicle intelligent terminals; cold chain transportation management intelligent terminals; industrial wireless routers; animal traceability management products; and personal safety smart terminals. It also provides IoT devices, including satellite positioning systems, intelligent sensor systems, power management systems, control systems, communication systems, processing systems, and AI processing units, as well as wireless communication equipment. The company's products are used in transportation industry, including fleet management, motorcycle, on-board diagnostics, stolen vehicle, insurance telematics, and video telematics; asset and mobility industry, such as asset security, asset tracking, personal security, and scooter; networks industry comprising routers and OBD; and livestock industry, which includes herd management and food traceability. It exports its products. The company was founded in 2009 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Queclink Wireless Solutions Co reported revenue of ¥891M in FY2025 versus ¥921M in FY2021, a compound −0.8%/yr. Reported net income was ¥75.1M in FY2025, compounding −16.6%/yr from FY2021.

Growth Quality 83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
891M CNY
Latest YoY
−7.8%
Avg. growth/yr (3Y)
−3.8%
Avg. growth/yr (5Y)
+13.5%
Avg. growth/yr (13Y)
+20.0%
Revenue −0.8%/yr
FY21 ¥921M
FY22 ¥1.0B
FY23 ¥1.0B
FY24 ¥967M
FY25 ¥891M
Net income −16.6%/yr
FY21 ¥156M
FY22 ¥166M
FY23 ¥147M
FY24 ¥159M
FY25 ¥75.1M

300590 screens 48% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Queclink Wireless Solutions Co Fair Value". https://www.fairvalue-calculator.com/stock/300590

Peer Group

Scientific & Technical Instruments · 161 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 · Below median
Fair Value upside −48% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 20% · Top 25%
Revenue growth 99% · Top 25%
Dividend yield (TTM) 0.8% · Below median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 61.6× · Pricier than median
P/B 3.87× · Pricier than median
P/S (TTM) 6.80× · Pricier than 75% of peers
P/FCF 23.1× · Pricier than median
EV/EBITDA 54.3× · 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 100 · sector 34
PAST 25 · sector 25
HEALTH 0 · sector 98
DIVIDEND 16 · sector 24

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Queclink Wireless Solutions Co (300590) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥5.85 versus a price of ¥11.18, about −48% (overvalued).
What is the fair value of 300590?
Our model-based fair value for Queclink Wireless Solutions Co is ¥5.85 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥11.18.
What is the quality score of 300590?
Queclink Wireless Solutions 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 Queclink Wireless Solutions Co (300590)?
Queclink Wireless Solutions Co reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300590?
The net profit margin of Queclink Wireless Solutions Co is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.
Does Queclink Wireless Solutions Co pay a dividend?
Queclink Wireless Solutions Co currently shows a dividend yield of about 0.81% 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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