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WCON Electronics Co (301328) Fair Value & Analysis

Technology · CN · Market cap 9.4B CNY

WE WCON Electronics Co 301328 · SHE
Price¥59.00
Fair Value¥14.76
Upside-75.0%
Quality53/100
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Expensive Growth
Solidly profitable · 12.4% net margin
Low debt · negative free cash flow
0.63% dividend yield
Trails peers (5/13)
Narrow moat 44/100
Evidence: Medium Range ¥11.07 – ¥18.45 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated today

Share price −11.2% over the past month.

A solid business, but screening 75% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥18.45). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

¥82.31 ¥19.43 Fair Value ¥14.76 Sep 2022 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

47‑month range ¥19.43 – ¥82.31 · fair‑value band ¥11.07 – ¥18.45 · the ¥59.00 price screens above the ¥14.76 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

WCON Electronics Co (301328) currently trades at ¥59.00, while our model-based Fair Value estimate is ¥14.76, implying the stock looks roughly 75.0% overvalued today. The Quality Score stands at 53/100 (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: medium).

Over the trailing twelve months, WCON Electronics Co generated revenue of 740M CNY at a net margin of 12.4%. Revenue grew 18.5% year over year. It earns a return on equity of 5.1%. The stock trades on a trailing P/E of 100.0. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥11.07 (bear case) to ¥18.45 (bull case); at ¥59.00, 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 10% below its 52-week high and 124% 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 -75%, 301328 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
Residual Income ¥9.32 ¥9.37 ¥8.80 76
ROIC Compounder ¥9.77 ¥10.67 ¥11.45 72
Growth-Adj P/E ¥13.15 ¥18.79 ¥24.43 68
All 14 models by family
Earnings-Based
Graham-Dodd ¥4.22 ¥28.22 ¥39.54 54
Lynch FV ¥8.26 ¥11.80 ¥15.34 50
PEG = 1.0 ¥8.26 ¥11.80 ¥15.34 46
EPV ¥9.77 ¥10.67 ¥11.45 59
Multiples
P/E Multiple ¥13.02 ¥17.37 ¥21.71 63
P/S Multiple ¥7.91 ¥10.54 ¥13.18 58
P/B Multiple ¥7.91 ¥10.54 ¥13.18 55
EV/EBIT ¥18.35 ¥23.11 ¥27.87 53
EV/EBITDA ¥19.97 ¥25.27 ¥30.57 54
EV/Revenue ¥11.29 ¥14.38 ¥17.48 43
Asset-Based
NCAV (Graham) ¥6.17 ¥8.27 ¥12.34 50
Economic Profit
Residual Income ¥9.32 ¥9.37 ¥8.80 76
ROIC Compounder ¥9.77 ¥10.67 ¥11.45 72
Growth Earnings
Growth-Adj P/E ¥13.15 ¥18.79 ¥24.43 68

Widest divergence: Growth Earnings (¥18.79) versus Asset-Based (¥8.27). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 740M CNY
Revenue growth (YoY) +18.5%
Net margin 12.4%
Return on equity 5.1%
Free cash flow −70.8M CNY FY2025
P/E ratio 100.0
More key figures
Operating margin 13.7%
EPS (TTM) ¥0.5900
Dividend yield 0.6%
EPS growth (YoY) -26.1%

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 70

Profitability 34
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 42
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

WCON Electronics Co., Ltd. engages in the research and development, manufacturing, and sales of connector cable assemblies in China. It offers electronic connectors, intelligent electronic products, metal stamping and metal die-casting molds, metal stamping parts and metal die-casting products, plastic molds, plastic products, and automation equipment.

Full company description

WCON Electronics Co., Ltd. engages in the research and development, manufacturing, and sales of connector cable assemblies in China. It offers electronic connectors, intelligent electronic products, metal stamping and metal die-casting molds, metal stamping parts and metal die-casting products, plastic molds, plastic products, and automation equipment. The company also provides IDC and FPC, discrete wire, I/O, automotive cables, and solar photovoltaics cables. In addition, it offers Industrial Solutions, including scientific simulation analysis, professional design capabilities, and advanced test equipment for industrial control, industrial robot, smart city, industrial internet of things, and embedded vision applications; automotive solutions, comprising mould processing capability, and assembly and mould production capacity for MCU, PDU, OBC, DC/DC, battery management system, advanced driving assistance system, intelligent cockpit, and vehicle lights; and new energy solutions, such as PSP, WD, and IDC series for photovoltaics, energy storage, and charging and power supplies for photovoltaics, charging and power, and energy storage applications. The company was formerly known as WCON Electronics (Guangdong) Co., Ltd and changed its name to WCON Electronics Co., Ltd. in February 2026. The company was founded in 2002 and is headquartered in Dongguan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WCON Electronics Co reported revenue of ¥713M in FY2025 versus ¥409M in FY2021, a compound +14.9%/yr. Reported net income was ¥98.8M in FY2025, compounding −0.3%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
713M CNY
Latest YoY
+33.5%
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.
+14.1%
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.
+21.1%
Avg. growth/yr (6Y) 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.
+20.6%
Revenue +14.9%/yr
FY21 ¥409M
FY22 ¥480M
FY23 ¥487M
FY24 ¥534M
FY25 ¥713M
Net income −0.3%/yr
FY21 ¥100M
FY22 ¥112M
FY23 ¥130M
FY24 ¥85.5M
FY25 ¥98.8M

301328 screens 75% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "WCON Electronics Co Fair Value". https://www.fairvalue-calculator.com/stock/301328

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 53 · Below median
Fair Value upside −75% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 19% · Above median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 100.0× · Pricier than 75% of peers
P/B 4.79× · Pricier than 75% of peers
P/S (TTM) 12.72× · Pricier than 75% of peers
EV/EBITDA 53.2× · 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 93 · sector 36
PAST 20 · sector 24
HEALTH 99 · sector 95
DIVIDEND 13 · 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 WCON Electronics Co (301328) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥14.76 versus a price of ¥59.00, about −75% (overvalued).
What is the fair value of 301328?
Our model-based fair value for WCON Electronics Co is ¥14.76 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥59.00.
What is the quality score of 301328?
WCON Electronics Co 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 revenue of WCON Electronics Co (301328)?
WCON Electronics Co reported trailing-twelve-month revenue of about 740M CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 301328?
The net profit margin of WCON Electronics Co is about 12.4%, meaning it keeps roughly 12.4% of revenue as net income. Based on the latest reported figures.
Does WCON Electronics Co pay a dividend?
WCON Electronics Co currently shows a dividend yield of about 0.63% 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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