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Huaqin Co (3296) Fair Value & Analysis

Technology · HK · Market cap HK$93.1B

HC Huaqin Co 3296 · HK
PriceHK$71.70
Fair ValueHK$75.04
Upside+4.7%
Quality61/100
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Expensive Growth
Thin margins · 2.4% net margin
Low debt · negative free cash flow
1.25% dividend yield
Ranks above peers (9/13)
Narrow moat 34/100
Evidence: Medium Range HK$56.28 – HK$111.35 Share as image

Fair value as of: Aug 5, 2026

From 17 valuation models · updated 6 days ago

Fair value updated Aug 5, 2026, revised from HK$67.65 to HK$75.04 (+10.9%) since Jul 2, 2026. Share price +2.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$56.28 to HK$111.35) leaves room in how you read the outcome.
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Price vs Fair Value (4 months)

HK$93.75 HK$57.85 Fair Value HK$75.04 Apr 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 5, 2026.

How to read this chart

4‑month range HK$57.85 – HK$93.75 · fair‑value band HK$56.28 – HK$111.35 · the HK$71.70 price screens below the HK$75.04 fair value. As of Aug 5, 2026.

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Analysis

Huaqin Co (3296) currently trades at HK$71.70, while our model-based Fair Value estimate is HK$75.04, implying the stock looks roughly 4.7% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Huaqin Co generated revenue of HK$177B at a net margin of 2.4%. Revenue grew 16.4% year over year. It earns a return on equity of 17.0%. Net debt stands at HK$9.1B. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$56.28 (bear case) to HK$111.35 (bull case); at HK$71.70, the current price sits within 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 29% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -23% fair-value upside, at 5%, 3296 screens cheaper 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 HK$25.31 HK$34.15 HK$116.04 76
ROIC Compounder HK$42.98 HK$60.83 HK$74.88 72
Gordon GGM HK$7.79 HK$16.20 HK$25.70 70
All 17 models by family
DCF Models
Owner Earnings HK$38.74 HK$81.61 HK$171.61 31
Earnings-Based
Graham-Dodd HK$25.83 HK$180.16 HK$252.83 54
Lynch FV HK$93.08 HK$132.97 HK$172.86 50
PEG = 1.0 HK$93.08 HK$132.97 HK$172.86 46
EPV HK$33.36 HK$38.07 HK$42.18 59
Dividend Discount
Gordon GGM HK$7.79 HK$16.20 HK$25.70 70
DDM Multi-Stage HK$7.79 HK$13.66 HK$17.00 61
Multiples
P/E Multiple HK$59.84 HK$79.78 HK$99.73 63
P/S Multiple HK$48.44 HK$64.59 HK$80.73 58
P/B Multiple HK$48.44 HK$64.59 HK$80.73 55
EV/EBIT HK$52.97 HK$68.91 HK$84.85 53
EV/EBITDA HK$56.69 HK$73.87 HK$91.05 54
EV/Revenue HK$39.27 HK$53.90 HK$68.53 43
Asset-Based
NCAV (Graham) HK$12.01 HK$16.09 HK$24.01 50
Economic Profit
Residual Income HK$25.31 HK$34.15 HK$116.04 76
ROIC Compounder HK$42.98 HK$60.83 HK$74.88 72
Growth Earnings
Growth-Adj P/E HK$121.75 HK$173.92 HK$226.10 68

Widest divergence: Growth Earnings (HK$173.92) versus Dividend Discount (HK$13.66). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$177B
Revenue growth (YoY) +16.4%
Net margin 2.4%
Return on equity 17.0%
Free cash flow −HK$3.7B FY2025
P/E ratio 19.6
More key figures
Operating margin 2.5%
Dividend yield 1.3%
EPS growth (YoY) +25.3%
Net debt HK$9.1B FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 33

Profitability 49
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 41
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

Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally.

Full company description

Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally. The company offers personal electronics, including smart phones, tablets, and laptops; smart wearables; VR and AR, smart speaker, smart door lock, and TV; automotive electronics comprising intelligent cabin, connection, driving, and vehicle control; commercial devices which include POS, mobile data collection terminals, intelligent door locks, intelligent speakers, smart office, industrial webcams, and edge computing; and general purpose servers, network switches, heterogeneous servers, and edge servers, as well as digital scenes. It caters to global technology companies and the consumer electronics industry. The company sells its products through direct sales force, distributors, and global brand customers. Huaqin Co., Ltd. was formerly known as Huaqin Technology Co.ltd. and changed its name to Huaqin Co., Ltd. in December 2020. The company was founded in 2005 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

Huaqin Co reported revenue of HK$171B in FY2025 versus HK$85.3B in FY2023, a compound +41.7%/yr. Reported net income was HK$4.1B in FY2025, compounding +22.8%/yr from FY2023.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$171B
Latest YoY
+56.0%
Revenue +41.7%/yr
FY23 HK$85.3B
FY24 HK$110B
FY25 HK$171B
Net income +22.8%/yr
FY23 HK$2.7B
FY24 HK$2.9B
FY25 HK$4.1B

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Cite: Fair Value Calculator (2026). "Huaqin Co Fair Value". https://www.fairvalue-calculator.com/stock/3296

Peer Group

Consumer Electronics · 129 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 61 · Top 25%
Fair Value upside +5% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 2% · Above median
Revenue growth 16% · Above median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 19.6× · Cheaper than median
P/B 3.61× · Pricier than 75% of peers
P/S (TTM) 0.53× · Cheaper than median
EV/EBITDA 17.8× · Pricier 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 40 · sector 8
FUTURE 82 · sector 13
PAST 68 · sector 10
HEALTH 91 · sector 97
DIVIDEND 25 · sector 28

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 Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
Xiaomi Corporation 1810 HK$26.88 HK$39.84 +48%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Shenzhen Transsion Holdings 688036 ¥58.11 ¥44.90 -23%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%

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Frequently asked questions

Is Huaqin Co (3296) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$75.04 versus a price of HK$71.70, about +5% (fairly valued).
What is the fair value of 3296?
Our model-based fair value for Huaqin Co is HK$75.04 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$71.70.
What is the quality score of 3296?
Huaqin Co has a Quality Score of 61/100. 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 Huaqin Co (3296)?
Huaqin Co reported trailing-twelve-month revenue of about HK$177B (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 3296?
The net profit margin of Huaqin Co is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Huaqin Co pay a dividend?
Huaqin Co currently shows a dividend yield of about 1.25% relative to its recent price (as of Aug 5, 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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