HANS CNC (3200) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of HANS CNC HK$33.57, price HK$96.60, upside -65.3%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 27, 2026.
How to read this chart
8‑month range HK$84.25 – HK$195.50 · fair‑value band HK$14.77 – HK$41.12 · the HK$96.60 price screens above the HK$33.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 27, 2026.
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Shenzhen Han's CNC Technology Co., Ltd. engages in the research, development, manufacture, and sale of printed circuit boards and related products in China and internationally.
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Shenzhen Han's CNC Technology Co., Ltd. engages in the research, development, manufacture, and sale of printed circuit boards and related products in China and internationally. It offers standard and high-multilayer boards, HDI boards, IC packaging substrates, and flexible and rigid boards, as well as lamination, drilling, photolithography, formation, and testing solutions. The company also provides pre-sales and infrastructure support, equipment full-service contract, spare parts support, equipment maintenance, and equipment in the restructuring services. In addition, it offers drilling equipment, including mechanical, CCD six-axis independent mechanical, CO2 laser, UV laser, advanced laser, and hybrid laser drilling equipment. The company was founded in 2002 and is headquartered in Shenzhen, China. Shenzhen Han's CNC Technology Co., Ltd. operates as a subsidiary of Han's Laser Technology Industry Group Co., Ltd.
Stock analysis
HANS CNC (3200) currently trades at HK$96.60, while our model-based Fair Value estimate is HK$33.57, 65.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$90.16 per share, and 0 of the 25 models we run sit above the HK$96.60 price.
Bear case: the Growth DCF group reads lowest at HK$6.51, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$14.77 (bear) to HK$41.12 (bull), the price of HK$96.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
HANS CNC reported revenue of 5.8B CNY in FY2025 versus 2.8B CNY in FY2022, a compound +27.5%/yr. Reported net income was 824M CNY in FY2025, compounding +23.8%/yr from FY2022.
Key figures
Market cap HK$47.2B (≈ $6.0B) · P/E ratio 26.8 · P/S ratio 3.83 · EPS (TTM) HK$2.29 · Dividend yield 0.6% · Net margin 14.3% · Return on equity 17.5% · Return on assets (EBIT) 6.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −65%, 3200 screens richer than that median.
Fair Value models
Bear HK$14.77Fair Value HK$33.57Bull HK$41.12
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$1.27 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+72.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+27.5%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+66.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+65.5%
Dividend (yield on the price)0.6%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 19%
2025 sits 170% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 806 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−65.3% · Bottom 25%
Profitability
Return on equity (TTM)17.5% · Top 25%
Return on assets8.6% · Top 25%
Net margin (TTM)18.1% · Top 25%
Operating margin (TTM)24.2% · Top 25%
Growth and dividend
Revenue growth113.1% · Top 25%
Dividend yield (TTM)0.6% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)26.8× · Cheaper than median
P/B6.64× · Priciest 25%
P/S (TTM)4.82× · Priciest 25%
EV/EBITDA20.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 25
PAST (return on equity)70· sector 28
HEALTH (low debt)99· sector 96
DIVIDEND (yield)12· sector 26
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "HANS CNC Fair Value". https://www.fairvalue-calculator.com/stock/3200
Frequently asked questions
Is HANS CNC (3200) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$33.57 versus a price of HK$96.60, about −65% upside (overvalued).
What is the fair value of 3200?
Our model-based fair value for HANS CNC is HK$33.57 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$96.60.
What is the quality score of 3200?
HANS CNC has a Quality Score of 57/100. 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 price target for HANS CNC (3200)?
Our model-based price target is the fair value of HK$33.57 (as of Sep 27, 2026) from 25 valuation models. Cautious scenario HK$14.77, optimistic scenario HK$41.12. It is a calculation from audited fundamentals, not an analyst target.
What is the HANS CNC stock forecast for 2026?
Our models put fair value at HK$33.57, about −65% upside versus a price of HK$96.60 (overvalued). Cautious scenario HK$14.77, optimistic scenario HK$41.12. The calculation is refreshed regularly with new filings.
What is the revenue of HANS CNC (3200)?
HANS CNC reported trailing-twelve-month revenue of about 8.4B CNY (latest available figure, as of Sep 27, 2026).
Does HANS CNC pay a dividend?
HANS CNC currently shows a dividend yield of about 0.62% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of HANS CNC (3200)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HANS CNC it is HK$33.57 per share (as of Sep 27, 2026), against a price of HK$96.60. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is HANS CNC stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 3200 trades above its calculated fair value: price HK$96.60, fair value HK$33.57, a gap of about −65% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 3200?
No. The price is what the market pays today (HK$96.60); the fair value is what the company's own numbers justify (HK$33.57). For HANS CNC the two are HK$63.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is HANS CNC worth?
The market values HANS CNC at about HK$47.2B (market capitalisation, as of Sep 27, 2026). Per share that is HK$96.60; our models calculate a fair value of HK$33.57 per share.
What do the bullish and bearish scenarios say about 3200?
Our models span a range for HANS CNC: cautious scenario HK$14.77, base HK$33.57, optimistic HK$41.12 per share (as of Sep 27, 2026, price HK$96.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3200?
HANS CNC trades at a price-to-earnings ratio of 26.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$33.57 is built from several models across several years. Other multiples: P/B 6.6, P/S 4.8, EV/EBITDA 20.5.
How solid is the balance sheet of HANS CNC (3200)?
Balance-sheet figures for HANS CNC (as of Sep 27, 2026): return on equity 17.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
Which stocks are comparable to HANS CNC?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HANS CNC stock attractive at the current price?
The data as of Sep 27, 2026: price HK$96.60, calculated fair value HK$33.57 (−65%), Quality Score 57/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 3200 calculated?
We run HANS CNC through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$33.57, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. HANS CNC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HANS CNC (3200)?
The closing price on Sep 30, 2026 was HK$96.60. Our model-based fair value is HK$33.57, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HANS CNC right now?
The price sits above even our optimistic bull case (HK$41.12). The favourable scenario is already priced in. The model range is unusually wide (HK$14.77 to HK$41.12). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of HANS CNC
How large is the market capitalisation of HANS CNC (3200)?
The market capitalisation of HANS CNC is HK$47.2B (≈ $6.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HANS CNC (3200)?
The price-to-sales ratio of HANS CNC is 3.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HANS CNC (3200)?
Earnings per share at HANS CNC are HK$2.29 (price ÷ EPS = P/E 26.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HANS CNC (3200)?
The dividend yield of HANS CNC is 0.6% (payout 26.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HANS CNC (3200)?
The net margin of HANS CNC is 14.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HANS CNC (3200)?
The return on equity (ROE) of HANS CNC is 17.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HANS CNC (3200)?
On an EBIT basis the return on assets of HANS CNC is 6.5% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HANS CNC (3200)?
The operating margin of HANS CNC is 24.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HANS CNC (3200)?
Revenue at HANS CNC is growing +113% versus a year earlier (3y avg +27.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HANS CNC (3200)?
Earnings per share at HANS CNC are growing +280% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HANS CNC (3200) generate?
The free cash flow of HANS CNC is 23.3M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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