JCET Group Co Ltd (600584) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of JCET Group Co Ltd stock ¥24.45, price ¥54.40, that is 55.1% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥19.67 – ¥106.64 · fair‑value band ¥17.12 – ¥30.62 · the ¥54.40 price screens above the ¥24.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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JCET Group Co., Ltd., together with its subsidiaries, provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.
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The company offers turnkey solutions, including semiconductor package integration design, wafer probing, bumping, assembly, final testing, and global drop shipments; design solutions; and characterization services, such as mold flow, mechanical, and electrical analysis, as well as thermal analysis test.
It also provides packaging solutions comprising wirebond, flip chip, wafer level, power device, and MEMS and sensors packaging, as well as wafer bumping, system-in-package, and advancement of mainstream package; and testing solutions, which include test platform, wafer sort, test development, and ITMS, as well as RF, mixed-signal, memory/3D, digital, strip, post, and final tests.
In addition, the company is involved in sewage treatment; investment activities; and trading. Its products are used in automotive, computing, storage, edge AI, and power and energy applications.
The company was formerly known as Jiangsu Changjiang Electronics Technology Co., Ltd. and changed its name to JCET Group Co., Ltd. in November 2019. JCET Group Co., Ltd. was founded in 1972 and is based in Jiangyin, China.
Stock analysis
JCET Group Co Ltd (600584) currently trades at ¥54.40, while our model-based Fair Value estimate is ¥24.45, 55% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥25.65 per share, and 1 of the 16 models we run sit above the ¥54.40 price.
Bear case: the Dividend Discount group reads lowest at ¥4.50, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥17.12 (bear) to ¥30.62 (bull), the price of ¥54.40 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 52/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
JCET Group Co Ltd reported revenue of 38.9B CNY in FY2025 versus 30.5B CNY in FY2021, a compound +6.2%/yr. Reported net income was 1.6B CNY in FY2025, compounding −14.7%/yr from FY2021.
Key figures
Market cap 97.3B CNY (≈ $14.6B) Large · P/E ratio 43.9 · P/S ratio 2.37 · EPS (TTM) ¥1.24 · Dividend yield 0.3% · Net margin 5.4% · Return on equity 7.1% · Return on assets (EBIT) 5.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 56% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −55%, 600584 screens richer than that median.
Fair Value models
Bear¥17.12Fair Value ¥24.45Bull¥30.62
Price ¥54.40 · Downside -55.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.9437 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.Coverage ⓘCoverage = 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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.1%
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.
+4.8%
Revenue growth 5 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.
+8.0%
Start year 2020 (pandemic). Over 10 years: +13.7% a year
Revenue growth 25 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.
+19.8%
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What shareholders gained per year (last 5 years) ⓘ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 5 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.
+1.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.5%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.5% vs 24.2%, slowing
Profit margin 2020 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.6% → 5%
AI conclusion: AI demand is lifting profits in advanced packaging while weak margins and negative free cash flow despite positive operating cash flow limit any durable advantage.
Main risk: Named rivals such as ASE and Amkor plus foundries like TSMC and IDMs like Intel expanding in-house advanced packaging could capture customers and force lower prices or margins for JCET's services.
Bull case: JCET could leverage its XDFOI platform, domestic supply-chain focus and state backing to secure Chinese AI and automotive customers even as global rivals expand.
Bear case: Industry-wide capacity additions and in-house moves by foundries could lead to overcapacity, underutilized lines and sustained margin pressure for JCET's advanced packaging offerings.
JCET is posting solid profit gains as AI demand lifts its advanced packaging business. At the same time the company is raising its 2026 capex budget sharply and planning a large private placement to fund new capacity. Will the extra investment deliver returns that justify the scale of spending and any dilution?
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.Semiconductors · 397 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−55.1% · Below median
Profitability
Return on equity (12 months)7.1% · Above median
Return on assets2.8% · Above median
Net margin (12 months)5.4% · Below median
Operating margin (12 months)9.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)13.5% · Below median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)43.9× · Pricier than median
P/B3.40× · Pricier than median
P/S (12 months)2.37× · Cheaper than median
EV/EBITDA13.8× · Cheaper than median
PEG0.29× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)68· sector 100
PAST (return on equity)28· sector 24
HEALTH (low debt)88· sector 96
DIVIDEND (yield)6· sector 19
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). "JCET Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600584
Frequently asked questions
Is JCET Group Co Ltd (600584) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥24.45 versus a price of ¥54.40, about 55% lower (overvalued).
What is the fair value of 600584?
Our model-based fair value for JCET Group Co Ltd is ¥24.45 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥54.40.
What is the quality score of 600584?
JCET Group Co Ltd has a Quality Score of 52/100. 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 JCET Group Co Ltd (600584)?
Our model-based price target is the fair value of ¥24.45 (as of Nov 8, 2026) from 16 valuation models. Cautious scenario ¥17.12, optimistic scenario ¥30.62. It is a calculation from audited fundamentals, not an analyst target.
What is the JCET Group Co Ltd stock forecast for 2026?
Our models put fair value at ¥24.45, about 55% lower versus a price of ¥54.40 (overvalued). Cautious scenario ¥17.12, optimistic scenario ¥30.62. The calculation is refreshed regularly with new filings.
What is the revenue of JCET Group Co Ltd (600584)?
JCET Group Co Ltd reported trailing-twelve-month revenue of about 41.2B CNY (latest available figure, as of Nov 8, 2026).
Does JCET Group Co Ltd pay a dividend?
JCET Group Co Ltd currently shows a dividend yield of 0.28% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of JCET Group Co Ltd (600584) and when is the ex-dividend date?
JCET Group Co Ltd pays a dividend of ¥0.15 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Sep 24, 2026. The payout ratio is 12.1% of earnings. Our assessment: Token dividend. At a yield of 0.3% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.3% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of JCET Group Co Ltd (600584)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JCET Group Co Ltd it is ¥24.45 per share (as of Nov 8, 2026), against a price of ¥54.40. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is JCET Group Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 600584 trades above its calculated fair value: price ¥54.40, fair value ¥24.45, a gap of about −55% (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 600584?
No. The price is what the market pays today (¥54.40); the fair value is what the company's own numbers justify (¥24.45). For JCET Group Co Ltd the two are ¥29.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is JCET Group Co Ltd worth?
The market values JCET Group Co Ltd at about 97.3B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥54.40; our models calculate a fair value of ¥24.45 per share.
What do the bullish and bearish scenarios say about 600584?
Our models span a range for JCET Group Co Ltd: cautious scenario ¥17.12, base ¥24.45, optimistic ¥30.62 per share (as of Nov 8, 2026, price ¥54.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600584?
JCET Group Co Ltd trades at a price-to-earnings ratio of 43.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥24.45 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 45.4. Other multiples: PEG 0.3, P/B 3.4, P/S 2.4, EV/EBITDA 13.8.
What is the PEG ratio of 600584?
The PEG ratio of JCET Group Co Ltd is 0.29 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of JCET Group Co Ltd (600584)?
Balance-sheet figures for JCET Group Co Ltd (as of Nov 8, 2026): return on equity 7.1%, debt of 0.24 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 600584 from its 52-week high?
JCET Group Co Ltd trades at ¥54.40, about 49% below its 52-week high of ¥106.64 and 56% above the low of ¥34.85 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ¥24.45 is for.
Which stocks are comparable to JCET Group Co Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 JCET Group Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price ¥54.40, calculated fair value ¥24.45 (−55%), Quality Score 52/100, from 16 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 600584 calculated?
We run JCET Group Co Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥24.45 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. JCET Group Co Ltd 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 JCET Group Co Ltd (600584)?
The closing price on Nov 11, 2026 was ¥54.40. Our model-based fair value is ¥24.45, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JCET Group Co Ltd right now?
The price sits above even our optimistic bull case (¥30.62). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of JCET Group Co Ltd (600584) come from?
Earnings per share at JCET Group Co Ltd grew +31.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share +13.0 %, EBIT margin +5.2 %, tax rate +3.9 %, residual (interest, one-offs) +6.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of JCET Group Co Ltd
How large is the market capitalisation of JCET Group Co Ltd (600584)?
The market capitalisation of JCET Group Co Ltd is 97.3B CNY (≈ $14.6B). 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 JCET Group Co Ltd (600584)?
The price-to-sales ratio of JCET Group Co Ltd is 2.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of JCET Group Co Ltd (600584)?
Earnings per share at JCET Group Co Ltd are ¥1.24 (price ÷ EPS = P/E 43.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JCET Group Co Ltd (600584)?
The dividend yield of JCET Group Co Ltd is 0.3% (payout 12.1%). 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 JCET Group Co Ltd (600584)?
The net margin of JCET Group Co Ltd is 5.4% (last twelve months). 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 JCET Group Co Ltd (600584)?
The return on equity (ROE) of JCET Group Co Ltd is 7.1% (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 JCET Group Co Ltd (600584)?
On an EBIT basis the return on assets of JCET Group Co Ltd is 5.4% (avg 5y). 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 JCET Group Co Ltd (600584)?
The operating margin of JCET Group Co Ltd is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JCET Group Co Ltd (600584)?
Revenue at JCET Group Co Ltd is growing +13.5% versus a year earlier (3y avg +4.8%). 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 JCET Group Co Ltd (600584)?
Earnings per share at JCET Group Co Ltd are growing +58.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does JCET Group Co Ltd (600584) generate?
The free cash flow of JCET Group Co Ltd is −1.6B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does JCET Group Co Ltd (600584) carry?
The net debt of JCET Group Co Ltd is 2.2B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026