GIGADEVICE (3986) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of GIGADEVICE HK$144, price HK$450, upside -68.1%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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GIGADEVICE
3986 · HKStretched ValuationQuality growthStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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
9‑month range HK$222.38 – HK$1,241 · fair‑value band HK$94.86 – HK$171.56 · the HK$449.60 price screens above the HK$143.50 fair value. As of Sep 27, 2026.
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Company profile
GigaDevice Semiconductor Inc. engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.
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GigaDevice Semiconductor Inc. engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips. The company offers SPI NOR, SPI NAND, parallel NAND, wafer level chip scale packaging (WLCSP), and known good die (KGD) flash products; 32-bit microcontrollers (MCUs), such as high-performance, mainstream, entry-level, low-power consumptions, automotive, and specific MCUs, as well as wireless MCUs and modules; and sensors comprising touch controllers, fingerprint recognition, and barometric pressure sensors. It also provides analogs consisting of general power supply products, including low drop linear regulators and DC-DC converters; application specific standard products (ASSP), such as ASSP for DDR and power management IC for TWS earbuds; motor drivers comprising 3-Phase MOSFET pre-drivers, brushed DC motor drivers, multi-channel full-bridge drivers, and brushless DC motor driver SOCs; charging management products, such as battery charger and protection ICs; signal chain products which include ADC, operation amplifiers, comparators, high precision voltage references, current monitors, and temperature/temperature humidity sensors; and BMS AFE products. Its products are used in automotive, industrial, PC and peripherals, consumer electronics, Internet of Things, network communication, and mobile applications. The company sells its products through operations and distributor networks in China, Singapore, the United States, South Korea, Japan, the United Kingdom, Germany, Turkey, Italy, and Mexico. The company was formerly known as GigaDevice Semiconductor (Beijing) Inc. and changed its name to GigaDevice Semiconductor Inc. in August 2022. GigaDevice Semiconductor Inc. was founded in 2005 and is headquartered in Beijing, China.
Stock analysis
GIGADEVICE (3986) currently trades at HK$449.60, while our model-based Fair Value estimate is HK$143.50, 68.1% 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$97.30 per share, and 0 of the 26 models we run sit above the HK$449.60 price.
Bear case: the Asset-Based group reads lowest at HK$22.30, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$94.86 (bear) to HK$171.56 (bull), the price of HK$449.60 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 71/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
GIGADEVICE reported revenue of 8.9B CNY in FY2025 versus 8.3B CNY in FY2021, a compound +1.7%/yr. Reported net income was 1.6B CNY in FY2025, compounding −8.6%/yr from FY2021.
Key figures
Market cap HK$339B (≈ $43.2B) · P/E ratio 194.3 · P/S ratio 34.9 · EPS (TTM) HK$2.46 · Dividend yield 0.2% · Net margin 18.0% · Return on equity 13.7% · Return on assets (EBIT) 7.6%.
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 Technology peers we cover trades at −41% fair-value upside, at −68%, 3986 screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 41
Revenue & earnings trend
Growth Forecast
3986 screens overvalued: fair value 68% below the price. Compare with NVIDIA Corporation →
Compare GIGADEVICE with another stock
Price, fair value, quality and upside side by side.
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.Semiconductors · 336 stocks
Valuation Multiplesvs Semiconductors median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $225.07 | $198.56 | −12% |
| Taiwan Semiconductor Manufacturing Company TSM | $452.88 | $498.17 | +10% |
| Broadcom Inc AVGO | $352.81 | $303.10 | −14% |
| Micron Technology, Inc MU | $1,054 | $151.51 | −86% |
| Advanced Micro Devices, Inc AMD | $630.63 | $122.60 | −81% |
| SK hynix Inc 000660 | 1,862,000 KRW | 2,048,200 KRW | +10% |
| Intel Corporation INTC | $115.93 | $33.67 | −71% |
| Arm Holdings ARM | $310.32 | $44.44 | −86% |
| MediaTek Inc 2454 | 5,285 TWD | 3,142 TWD | −41% |
| Texas Instruments Incorporated TXN | $278.07 | $81.75 | −71% |
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