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Fiberhome Telecommunication Technologies Co (600498) Fair Value & Analysis

Technology · CN · Market cap 53.3B CNY

FT Fiberhome Telecommunication Technologies Co 600498 · SHG
Price¥39.21
Fair Value¥7.93
Upside-79.8%
Quality46/100
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Healthy Growth
Thin margins · 1.7% net margin
Low debt · generates free cash flow
0.26% dividend yield
Trails peers (2/14)
Narrow moat 27/100
Evidence: High Range ¥4.81 – ¥8.02 Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated today

Fair value updated Aug 8, 2026, revised from ¥8.72 to ¥7.93 (−9.1%) since Jul 11, 2026. Share price −27.5% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥8.02). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥84.69 ¥12.09 Fair Value ¥7.93 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥12.09 – ¥84.69 · fair‑value band ¥4.81 – ¥8.02 · the ¥39.21 price screens above the ¥7.93 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Fiberhome Telecommunication Technologies Co (600498) currently trades at ¥39.21, while our model-based Fair Value estimate is ¥7.93, implying the stock looks roughly 79.8% overvalued today. We read business quality at 46/100 (below-average 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: high).

Over the trailing twelve months, Fiberhome Telecommunication Technologies Co generated revenue of 25.4B CNY at a net margin of 1.7%. Revenue grew 11.4% year over year. It earns a return on equity of 2.1%. Net debt stands at 4.7B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥4.81 (bear case) to ¥8.02 (bull case); at ¥39.21, 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 41% below its 52-week high and 102% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -80%, 600498 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥33.87 ¥59.60 ¥104.17 80
Residual Income ¥9.21 ¥8.83 ¥7.19 76
Rev-Margin DCF ¥15.76 ¥22.38 ¥31.18 74
All 24 models by family
DCF Models
FCF DCF ¥34.30 ¥62.91 ¥114.21 38
Owner Earnings ¥2.46 ¥3.17 ¥4.44 31
5Y Revenue Exit ¥15.76 ¥22.12 ¥30.01 39
5Y EBITDA Exit ¥20.73 ¥32.58 ¥47.16 41
5Y P/E Exit ¥14.99 ¥20.48 ¥26.33 38
10Y Revenue Exit ¥21.45 ¥29.72 ¥41.25 36
10Y EBITDA Exit ¥24.97 ¥37.49 ¥55.92 37
10Y P/E Exit ¥21.12 ¥28.51 ¥38.10 35
Earnings-Based
Graham-Dodd ¥2.18 ¥10.91 ¥15.06 54
Lynch FV ¥2.95 ¥4.22 ¥5.48 50
PEG = 1.0 ¥2.95 ¥4.22 ¥5.48 46
EPV ¥6.96 ¥7.84 ¥8.61 59
Multiples
P/E Multiple ¥4.81 ¥6.42 ¥8.02 63
P/S Multiple ¥4.09 ¥5.46 ¥6.82 58
P/B Multiple ¥4.09 ¥5.46 ¥6.82 55
EV/EBIT ¥10.00 ¥12.79 ¥15.57 53
EV/EBITDA ¥15.46 ¥20.06 ¥24.67 54
EV/Revenue ¥7.28 ¥9.69 ¥12.11 43
Asset-Based
NCAV (Graham) ¥6.46 ¥8.65 ¥12.91 50
Growth DCF
Growth DCF ¥33.87 ¥59.60 ¥104.17 80
Rev-Margin DCF ¥15.76 ¥22.38 ¥31.18 74
Economic Profit
Residual Income ¥9.21 ¥8.83 ¥7.19 76
ROIC Compounder ¥6.96 ¥7.84 ¥8.61 72
Growth Earnings
Growth-Adj P/E ¥4.39 ¥6.28 ¥8.16 68

Widest divergence: DCF Models (¥28.51) versus Earnings-Based (¥4.22). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 25.4B CNY
Revenue growth (YoY) +11.4%
Net margin 1.7%
Return on equity 2.1%
Free cash flow 3.3B CNY FY2025
P/E ratio 115.3
More key figures
Operating margin 2.0%
EPS (TTM) ¥0.3400
Dividend yield 0.3%
EPS growth (YoY) -40.0%
Net debt 4.7B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 51

Profitability 24
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 41
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

Fiberhome Telecommunication Technologies Co., Ltd. provides information and communication network products and solutions in China and internationally.

Full company description

Fiberhome Telecommunication Technologies Co., Ltd. provides information and communication network products and solutions in China and internationally. It offers fixed network, wireless network, optical fiber and cable, marine network, digital power, transport network, access network, ODN, smart home, data communications, RAN, antenna, CPE, indoor and outdoor cable, telecommunication copper cable, overhead transmission, optical fibers, dry plant, marine cable, wet plant, data center, and site and solar energy. The company was founded in 1999 and is headquartered in Wuhan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fiberhome Telecommunication Technologies Co reported revenue of ¥24.9B in FY2025 versus ¥26.3B in FY2021, a compound −1.4%/yr. Reported net income was ¥436M in FY2025, compounding +10.9%/yr from FY2021.

Growth Quality 64/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
24.9B CNY
Avg. growth/yr (3Y)
+2.7%
Avg. growth/yr (5Y)
+3.0%
Avg. growth/yr (26Y)
+16.0%
Revenue −1.4%/yr
FY21 ¥26.3B
FY22 ¥30.9B
FY23 ¥31.1B
FY24 ¥28.5B
FY25 ¥24.9B
Net income +10.9%/yr
FY21 ¥289M
FY22 ¥406M
FY23 ¥505M
FY24 ¥703M
FY25 ¥436M

600498 screens 80% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Fiberhome Telecommunication Technologies Co Fair Value". https://www.fairvalue-calculator.com/stock/600498

Peer Group

Communication Equipment · 289 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 46 · Below median
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.24× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 115.3× · Pricier than 75% of peers
P/B 3.04× · Pricier than median
P/S (TTM) 2.10× · Pricier than median
P/FCF 2.4× · Cheaper than median
EV/EBITDA 38.6× · 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 57 · sector 31
PAST 8 · sector 15
HEALTH 88 · sector 98
DIVIDEND 5 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Fiberhome Telecommunication Technologies Co (600498) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥7.93 versus a price of ¥39.21, about −80% (overvalued).
What is the fair value of 600498?
Our model-based fair value for Fiberhome Telecommunication Technologies Co is ¥7.93 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥39.21.
What is the quality score of 600498?
Fiberhome Telecommunication Technologies Co has a Quality Score of 46/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Fiberhome Telecommunication Technologies Co (600498)?
Fiberhome Telecommunication Technologies Co reported trailing-twelve-month revenue of about 25.4B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600498?
The net profit margin of Fiberhome Telecommunication Technologies Co is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does Fiberhome Telecommunication Technologies Co pay a dividend?
Fiberhome Telecommunication Technologies Co currently shows a dividend yield of about 0.16% relative to its recent price (as of Aug 8, 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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