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SUZHOU KEMATEK INC (301611) Fair Value & Analysis

Technology · BR · Market cap 49.2B CNY (≈ $7.3B) · ISIN CNE100006LF8

What is SUZHOU KEMATEK INC really worth?

SK SUZHOU KEMATEK INC 301611 · SHE
Price¥91.98
Fair Value¥15.78
Upside−82.8%
Quality40/100

Below-average quality, and trading another 483% above our fair value of ¥15.78.

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Strengths

Highly profitable · 22.6% net margin
Wide moat 68/100

Risks

!Expensive Growth (revenue 5y +33.4 %/yr)
!Low debt · negative free cash flow
!Trails peers (4/12)
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 2 out of 100

For context

·0.11% dividend yield
Evidence: Medium Range ¥11.83 – ¥19.73

Fair value as of: Aug 21, 2026

From 15 valuation models · updated 14 days ago

Share price +7.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥19.73). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (2 years)

¥184.48 ¥27.40 Fair Value ¥15.78 Aug 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

25‑month range ¥27.40 – ¥184.48 · fair‑value band ¥11.83 – ¥19.73 · the ¥91.98 price screens above the ¥15.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

SUZHOU KEMATEK INC (301611) currently trades at ¥91.98, while our model-based Fair Value estimate is ¥15.78, implying the stock looks roughly 482.8% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥33.51 per share, and 0 of the 15 models we run sit above the ¥91.98 price. Bear case: the Asset-Based group reads lowest at ¥2.73, and 15 of the 15 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, SUZHOU KEMATEK INC generated revenue of 1.1B CNY at a net margin of 22.6%. Revenue grew 9.1% year over year. It earns a return on equity of 13.8%. The balance sheet holds a net cash position of 196M CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥11.83 (bear case) to ¥19.73 (bull case); at ¥91.98, 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 37% below its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at −83%, 301611 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.3181 per share, which is 2.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥2.73 to ¥33.51). Read the values as a conservative anchor, not as a price target.
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
EPV best evidence ¥7.43 ¥8.61 ¥9.65 74
ROIC Compounder ¥10.15 ¥15.97 ¥19.68 69
Owner Earnings ¥3.70 ¥7.98 ¥16.97 68
All 15 models by family
DCF Models
Owner Earnings ¥3.70 ¥7.98 ¥16.97 68
Earnings-Based
Graham-Dodd ¥4.51 ¥31.44 ¥44.13 61
Lynch FV ¥16.24 ¥23.21 ¥30.17 59
PEG = 1.0 ¥16.24 ¥23.21 ¥30.17 55
EPV best evidence ¥7.43 ¥8.61 ¥9.65 74
Multiples
P/E Multiple ¥13.92 ¥18.57 ¥23.21 63
P/S Multiple ¥8.45 ¥11.27 ¥14.09 58
P/B Multiple ¥8.45 ¥11.27 ¥14.09 55
EV/EBIT ¥15.23 ¥20.19 ¥25.15 66
EV/EBITDA ¥14.26 ¥18.90 ¥23.54 67
EV/Revenue ¥7.87 ¥11.09 ¥14.32 54
Asset-Based
NCAV (Graham) ¥2.04 ¥2.73 ¥4.08 54
Economic Profit
Residual Income ¥4.41 ¥5.86 ¥19.30 61
ROIC Compounder ¥10.15 ¥15.97 ¥19.68 69
Growth Earnings
Growth-Adj P/E ¥23.46 ¥33.51 ¥43.56 65

Widest divergence: Growth Earnings (¥33.51) versus Asset-Based (¥2.73). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 161.4
P/S ratio 43.5 P/E × margin
EPS (TTM) ¥0.5700 price ÷ EPS = P/E 161.4
Dividend yield 0.1% payout 17.5%
Net margin 26.9% FY2025
Return on equity 13.8% TTM
More key figures
Profitability
Return on assets (EBIT) 11.6% avg 5y
Operating margin 21.3% TTM
Growth
Revenue (TTM) 1.1B CNY TTM
Revenue growth (YoY) +9.1% 3y avg +32.4%
EPS growth (YoY) −45.0%
Balance sheet & cash flow
Free cash flow −45.8M CNY FY2025
Net cash 196M CNY FY2024

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 43 · Market factors (momentum, volatility) 40

Profitability 58
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 7
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Suzhou KemaTek, Inc. engages in the research, development, manufacturing, and sales of various ceramic components in China and internationally. The company offers oxide, nitride, carbide, and machinable ceramics; surface treatment services; and metal structural components.

Full company description

Suzhou KemaTek, Inc. engages in the research, development, manufacturing, and sales of various ceramic components in China and internationally. The company offers oxide, nitride, carbide, and machinable ceramics; surface treatment services; and metal structural components. Its products are applied in advanced equipment manufacturing, mechanical equipment, medical and pharmaceutical, new energy, electronic communications, as well as auto, textile, and chemical industries. The company was founded in 2009 and is headquartered in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SUZHOU KEMATEK INC reported revenue of 1.1B CNY in FY2025 versus 345M CNY in FY2021, a compound +32.8%/yr. Reported net income was 289M CNY in FY2025, compounding +44.1%/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)
1.1B CNY
Latest YoY
+25.2%
Avg. revenue 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.
+32.4%
Avg. revenue 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.
+33.4%
Avg. revenue 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.
+35.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+34.8% (34.7 + 0.1)
Revenue +32.8%/yr
FY21 345M CNY
FY22 462M CNY
FY23 480M CNY
FY24 857M CNY
FY25 1.1B CNY
Net income +44.1%/yr
FY21 67.1M CNY
FY22 93.2M CNY
FY23 81.9M CNY
FY24 311M CNY
FY25 289M CNY

301611 screens 483% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "SUZHOU KEMATEK INC Fair Value". https://www.fairvalue-calculator.com/stock/301611

Peer Group

Semiconductor Equipment & Materials · 215 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 40 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 14% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 9% · Below median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 161.4× · Pricier than 75% of peers
P/B 27.69× · Pricier than 75% of peers
P/S (TTM) 44.89× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE46 · sector 60
PAST55 · sector 30
HEALTH96 · sector 96
DIVIDEND2 · sector 17

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

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,494 €604.27 −60%
Applied Materials, Inc AMAT $482.36 $183.10 −62%
Lam Research Corporation LRCX $301.90 $91.80 −70%
KLA Corporation KLAC $175.54 $74.58 −58%
NAURA Technology Group 002371 ¥707.90 ¥205.30 −71%
Teradyne, Inc TER $354.97 $65.80 −81%
Advanced Micro-Fabrication Equipment Inc 688012 ¥380.95 ¥55.05 −86%
Piotech Inc 688072 ¥685.11 ¥89.27 −87%
Hon. Precision, Inc 7769 6,445 TWD 1,804 TWD −72%
Hangzhou Changchuan Technology Co 300604 ¥284.80 ¥46.26 −84%

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Frequently asked questions

Is SUZHOU KEMATEK INC (301611) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥15.78 versus a price of ¥91.98, about −83% upside (overvalued).
What is the fair value of 301611?
Our model-based fair value for SUZHOU KEMATEK INC is ¥15.78 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥91.98.
What is the quality score of 301611?
SUZHOU KEMATEK INC has a Quality Score of 40/100. 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 SUZHOU KEMATEK INC (301611)?
SUZHOU KEMATEK INC reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 301611?
The net profit margin of SUZHOU KEMATEK INC is about 22.6%, meaning it keeps roughly 22.6% of revenue as net income. Based on the latest reported figures.
Does SUZHOU KEMATEK INC pay a dividend?
SUZHOU KEMATEK INC currently shows a dividend yield of about 0.11% relative to its recent price (as of Aug 21, 2026).
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