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XDC Industries (Shenzhen) Limited (300615) Fair Value & Analysis

Technology · CN · Market cap 2.2B CNY

XI XDC Industries (Shenzhen) Limited 300615 · SHE
Price¥17.30
Fair Value¥3.85
Upside-77.8%
Quality46/100
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Expensive Growth
Loss-making · -7.2% net margin
Low debt · negative free cash flow
0.46% dividend yield
Mixed vs. peers (5/12)
Narrow moat 13/100
Evidence: Low Range ¥2.92 – ¥4.79 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ¥2.92 to ¥3.85 (+31.8%) since Jul 9, 2026. Share price +78.9% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥4.79). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥19.49 ¥8.25 Fair Value ¥3.85 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥8.25 – ¥19.49 · fair‑value band ¥2.92 – ¥4.79 · the ¥17.30 price screens above the ¥3.85 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

XDC Industries (Shenzhen) Limited (300615) currently trades at ¥17.30, while our model-based Fair Value estimate is ¥3.85, implying the stock looks roughly 77.8% overvalued today. The Quality Score stands at 46/100 (below-average 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: low).

Over the trailing twelve months, XDC Industries (Shenzhen) Limited generated revenue of 537M CNY at a net margin of -7.2%. Revenue grew 79.4% year over year. It earns a return on equity of -14.2%. The balance sheet holds a net cash position of 20.6M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥2.92 (bear case) to ¥4.79 (bull case); at ¥17.30, 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 near its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -78%, 300615 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 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
Highest evidence
ROIC Compounder ¥1.97 ¥2.17 ¥2.34 72
EPV ¥1.97 ¥2.17 ¥2.34 59
EV/EBITDA ¥4.55 ¥5.84 ¥7.12 54
All 6 models by family
Earnings-Based
EPV ¥1.97 ¥2.17 ¥2.34 59
Multiples
EV/EBIT ¥3.50 ¥4.44 ¥5.37 53
EV/EBITDA ¥4.55 ¥5.84 ¥7.12 54
EV/Revenue ¥2.11 ¥2.72 ¥3.33 43
Asset-Based
NCAV (Graham) ¥1.31 ¥1.75 ¥2.62 50
Economic Profit
ROIC Compounder ¥1.97 ¥2.17 ¥2.34 72

Widest divergence: Multiples (¥4.44) versus Asset-Based (¥1.75). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 537M CNY
Revenue growth (YoY) +79.4%
Net margin -7.2%
Return on equity -14.2%
Free cash flow −39.5M CNY FY2025
Operating margin -26.3%
More key figures
EPS (TTM) ¥-0.1900
Dividend yield 0.5%
EPS growth (YoY) -42.6%
Net cash 20.6M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 58

Profitability 17
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 48
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

XDC Industries (Shenzhen) Limited, together with its subsidiaries, engages in the research, development, production, and sale of radio frequency devices, new energy structural components, and medical structural components for the mobile communication industry in China and internationally.

Full company description

XDC Industries (Shenzhen) Limited, together with its subsidiaries, engages in the research, development, production, and sale of radio frequency devices, new energy structural components, and medical structural components for the mobile communication industry in China and internationally. The company offers RF front-end products comprising filters, diplexers, combiners, and mimo antennas; RF and precision components; optical communication components; and antennas, resonators, tuning screws, low-pass, transmission main rods, capacitive coupling sheets, capacitive coupling rods, mediums, charging terminals, positive and negative copper electrodes, and medical structural parts. Its products are used in telecommunication, automobile, new energy, medical, aviation, and consumer electronics applications. XDC Industries (Shenzhen) Limited was incorporated in 2005 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

XDC Industries (Shenzhen) Limited reported revenue of ¥474M in FY2025 versus ¥277M in FY2021, a compound +14.4%/yr. Reported net income was −¥8.6M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
474M CNY
Latest YoY
+70.9%
Avg. growth/yr (3Y) 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.
−2.8%
Avg. growth/yr (5Y) 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.
+16.1%
Avg. growth/yr (14Y) 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.
+12.1%
Revenue +14.4%/yr
FY21 ¥277M
FY22 ¥517M
FY23 ¥616M
FY24 ¥277M
FY25 ¥474M
Net income
FY21 ¥6.9M
FY22 ¥46.5M
FY23 ¥60.3M
FY24 −¥18.3M
FY25 −¥8.6M
Character of growth · EPS growth decomposed (2013-2024) −5.4 % p.a.
Revenue per share +8.2 pp

of which total revenue +12.1 pp · buybacks/dilution −4.0 pp

EBIT margin −10.2 pp
Tax rate −0.8 pp
Residual (interest, one-offs) −2.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

300615 screens 78% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "XDC Industries (Shenzhen) Limited Fair Value". https://www.fairvalue-calculator.com/stock/300615

Peer Group

Electronic Components · 647 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 46 · Below median
Fair Value upside −78% · Bottom 25%
Return on assets -0% · Below median
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) -26% · Bottom 25%
Revenue growth 79% · Top 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.63× · Cheaper than 75% of peers
P/S (TTM) 0.60× · Cheaper than median
EV/EBITDA 16.4× · Cheaper than median

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 36
PAST 0 · sector 24
HEALTH 100 · sector 95
DIVIDEND 9 · 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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is XDC Industries (Shenzhen) Limited (300615) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥3.85 versus a price of ¥17.30, about −78% (overvalued).
What is the fair value of 300615?
Our model-based fair value for XDC Industries (Shenzhen) Limited is ¥3.85 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥17.30.
What is the quality score of 300615?
XDC Industries (Shenzhen) Limited has a Quality Score of 46/100. 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 XDC Industries (Shenzhen) Limited (300615)?
XDC Industries (Shenzhen) Limited reported trailing-twelve-month revenue of about 537M CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300615?
The net profit margin of XDC Industries (Shenzhen) Limited is about -7.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does XDC Industries (Shenzhen) Limited pay a dividend?
XDC Industries (Shenzhen) Limited currently shows a dividend yield of about 0.46% relative to its recent price (as of Aug 13, 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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