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Inno Laser Technology Co (301021) Fair Value & Analysis

Technology · CN · Market cap 16.4B CNY

IL Inno Laser Technology Co 301021 · SHE
Price¥73.15
Fair Value¥8.39
Upside-88.5%
Quality66/100
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Expensive Growth
Solidly profitable · 12.3% net margin
Low debt · generates free cash flow
0.10% dividend yield
Mixed vs. peers (6/13)
Moderate moat 45/100
Evidence: High Range ¥5.24 – ¥11.06 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ¥6.32 to ¥8.39 (+32.8%) since Jul 9, 2026. Share price −23.3% over the past month.

A solid business, but screening 89% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.06). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥5.24 to ¥11.06) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥135.81 ¥12.24 Fair Value ¥8.39 Jul 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 ¥12.24 – ¥135.81 · fair‑value band ¥5.24 – ¥11.06 · the ¥73.15 price screens above the ¥8.39 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Inno Laser Technology Co (301021) currently trades at ¥73.15, while our model-based Fair Value estimate is ¥8.39, implying the stock looks roughly 88.5% overvalued today. The Quality Score stands at 66/100 (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, Inno Laser Technology Co generated revenue of 543M CNY at a net margin of 12.3%. Revenue grew 35.4% year over year. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 310M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥5.24 (bear case) to ¥11.06 (bull case); at ¥73.15, 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 165% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -68% fair-value upside, at -89%, 301021 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
Growth DCF ¥2.84 ¥3.36 ¥4.25 80
Residual Income ¥5.10 ¥5.13 ¥4.82 76
Rev-Margin DCF ¥5.40 ¥8.55 ¥12.64 74
All 24 models by family
DCF Models
FCF DCF ¥2.85 ¥3.42 ¥4.42 38
Owner Earnings ¥8.02 ¥12.94 ¥21.61 31
5Y Revenue Exit ¥5.40 ¥8.72 ¥13.38 39
5Y EBITDA Exit ¥8.38 ¥14.91 ¥23.36 41
5Y P/E Exit ¥6.58 ¥11.16 ¥16.53 38
10Y Revenue Exit ¥4.39 ¥7.26 ¥11.96 36
10Y EBITDA Exit ¥6.52 ¥11.83 ¥20.39 37
10Y P/E Exit ¥5.32 ¥9.06 ¥14.63 35
Earnings-Based
Graham-Dodd ¥2.15 ¥10.32 ¥14.20 54
Lynch FV ¥2.75 ¥3.93 ¥5.11 50
PEG = 1.0 ¥2.75 ¥3.93 ¥5.11 46
EPV ¥6.37 ¥7.07 ¥7.68 59
Multiples
P/E Multiple ¥6.64 ¥8.85 ¥11.06 63
P/S Multiple ¥4.03 ¥5.37 ¥6.72 58
P/B Multiple ¥4.03 ¥5.37 ¥6.72 55
EV/EBIT ¥10.99 ¥13.94 ¥16.88 53
EV/EBITDA ¥11.66 ¥14.82 ¥17.98 54
EV/Revenue ¥6.63 ¥8.54 ¥10.46 43
Asset-Based
NCAV (Graham) ¥3.35 ¥4.49 ¥6.71 50
Growth DCF
Growth DCF ¥2.84 ¥3.36 ¥4.25 80
Rev-Margin DCF ¥5.40 ¥8.55 ¥12.64 74
Economic Profit
Residual Income ¥5.10 ¥5.13 ¥4.82 76
ROIC Compounder ¥6.37 ¥7.52 ¥9.09 72
Growth Earnings
Growth-Adj P/E ¥5.08 ¥7.25 ¥9.43 68

Widest divergence: DCF Models (¥9.06) versus Growth DCF (¥3.36). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 543M CNY
Revenue growth (YoY) +35.4%
Net margin 12.3%
Return on equity 6.4%
Free cash flow 7.9M CNY FY2025
P/E ratio 166.3
More key figures
Operating margin 15.5%
EPS (TTM) ¥0.4400
Dividend yield 0.1%
EPS growth (YoY) +85.0%
Net cash 310M CNY FY2024

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 64

Profitability 34
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 80
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

Inno Laser Technology Co., Ltd. engages in the research and development, production, and sale of lasers and overall solutions in China and internationally. The company offers Diode Pumped Solid State Q-switched nanosecond lasers; ultrashort pulse lasers (picosecond, femtosecond level); and Master Oscillator Power-Amplifier nanosecond/sub-nanosecond lasers.

Full company description

Inno Laser Technology Co., Ltd. engages in the research and development, production, and sale of lasers and overall solutions in China and internationally. The company offers Diode Pumped Solid State Q-switched nanosecond lasers; ultrashort pulse lasers (picosecond, femtosecond level); and Master Oscillator Power-Amplifier nanosecond/sub-nanosecond lasers. Its products are used in the circuit board industry, consumer electronics, semiconductor chip manufacturing, biomedical, new energy, and 3D printing industries. Inno Laser Technology Co., Ltd. was founded in 2011 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inno Laser Technology Co reported revenue of ¥513M in FY2025 versus ¥391M in FY2021, a compound +7.0%/yr. Reported net income was ¥48.3M in FY2025, compounding −10.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
513M CNY
Latest YoY
+14.9%
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.
+17.1%
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.
+8.6%
Avg. growth/yr (9Y) 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.
+14.8%
Revenue +7.0%/yr
FY21 ¥391M
FY22 ¥320M
FY23 ¥368M
FY24 ¥447M
FY25 ¥513M
Net income −10.4%/yr
FY21 ¥74.9M
FY22 ¥22.6M
FY23 −¥4.5M
FY24 ¥21.8M
FY25 ¥48.3M

301021 screens 89% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Inno Laser Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/301021

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 66 · Top 25%
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 2% · Below median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 166.3× · Pricier than 75% of peers
P/B 16.03× · Pricier than 75% of peers
P/S (TTM) 30.25× · Pricier than 75% of peers
P/FCF 306.7× · 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 36
PAST 26 · sector 24
HEALTH 100 · sector 95
DIVIDEND 2 · sector 23

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%
Elite Material Co 2383 5,730 TWD 830.20 TWD -86%
Yageo Corporation 2327 602.00 TWD 289.26 TWD -52%
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%

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Frequently asked questions

Is Inno Laser Technology Co (301021) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥8.39 versus a price of ¥73.15, about −89% (overvalued).
What is the fair value of 301021?
Our model-based fair value for Inno Laser Technology Co is ¥8.39 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥73.15.
What is the quality score of 301021?
Inno Laser Technology Co has a Quality Score of 66/100. 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 Inno Laser Technology Co (301021)?
Inno Laser Technology Co reported trailing-twelve-month revenue of about 543M CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 301021?
The net profit margin of Inno Laser Technology Co is about 12.3%, meaning it keeps roughly 12.3% of revenue as net income. Based on the latest reported figures.
Does Inno Laser Technology Co pay a dividend?
Inno Laser Technology Co currently shows a dividend yield of about 0.10% 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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