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Wingtech Technology Co (600745) Fair Value & Analysis

Technology · CN · Market cap 21.4B CNY

WT Wingtech Technology Co 600745 · SHG
Price¥16.82
Fair Value¥19.84
Upside+18.0%
Quality51/100
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Weak Growth
Loss-making · -48.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 14/100
Evidence: High Range ¥13.52 – ¥26.17 Share as image

Fair value as of: Aug 9, 2026

From 15 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥20.31 to ¥19.84 (−2.3%) since Jul 11, 2026. Share price −9.2% over the past month.

A solid business, screening 18% undervalued on our models.

What matters now

  • A fairly wide model range (¥13.52 to ¥26.17) leaves room in how you read the outcome.
  • Our model range runs from ¥13.52 (bear) to ¥26.17 (bull), base ¥19.84. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥139.46 ¥15.87 Fair Value ¥19.84 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥15.87 – ¥139.46 · fair‑value band ¥13.52 – ¥26.17 · the ¥16.82 price screens below the ¥19.84 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Wingtech Technology Co (600745) currently trades at ¥16.82, while our model-based Fair Value estimate is ¥19.84, implying the stock looks roughly 18.0% undervalued today. The Quality Score stands at 51/100 (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: high), always confirm before acting.

Over the trailing twelve months, Wingtech Technology Co generated revenue of 19.0B CNY at a net margin of -48.5%. It earns a return on equity of -30.8%. Net debt stands at 7.0B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥13.52 (bear case) to ¥26.17 (bull case); at ¥16.82, 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 67% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 18%, 600745 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥42.74 ¥90.16 ¥167.85 80
Rev-Margin DCF ¥21.22 ¥37.52 ¥71.99 74
ROIC Compounder ¥1.30 ¥2.41 ¥3.39 72
All 15 models by family
DCF Models
FCF DCF ¥45.79 ¥75.14 ¥168.62 38
5Y Revenue Exit ¥18.97 ¥32.04 ¥59.02 39
5Y EBITDA Exit ¥27.42 ¥49.14 ¥91.61 41
10Y Revenue Exit ¥26.60 ¥53.87 ¥67.78 36
10Y EBITDA Exit ¥33.35 ¥72.09 ¥136.79 37
Earnings-Based
EPV ¥1.30 ¥2.41 ¥3.39 59
Dividend Discount
Gordon GGM ¥1.22 ¥2.54 ¥4.02 70
DDM Multi-Stage ¥1.22 ¥2.14 ¥2.66 61
Multiples
EV/EBIT ¥13.58 ¥19.91 ¥26.23 53
EV/EBITDA ¥19.51 ¥27.81 ¥36.11 54
EV/Revenue ¥7.40 ¥12.88 ¥18.36 43
Asset-Based
NCAV (Graham) ¥9.77 ¥13.10 ¥19.55 50
Growth DCF
Growth DCF ¥42.74 ¥90.16 ¥167.85 80
Rev-Margin DCF ¥21.22 ¥37.52 ¥71.99 74
Economic Profit
ROIC Compounder ¥1.30 ¥2.41 ¥3.39 72

Widest divergence: DCF Models (¥53.87) versus Dividend Discount (¥2.14). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 19.0B CNY
Revenue growth (YoY) -93.8%
Net margin -48.5%
Return on equity -30.8%
Free cash flow 3.9B CNY FY2025
Operating margin -2.4%
More key figures
EPS (TTM) ¥-7.39
EPS growth (YoY) +275%
Net debt 7.0B CNY FY2025

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 20

Profitability 15
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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

Wingtech Technology Co.,Ltd operates as integrated device manufacturer for consumption, industry, and automobiles fields in China and internationally. The company offers diodes, bipolar transistors, ESD protection devices, MOSFET devices, gallium nitride power transistors, silicon carbide diodes, insulated gate bipolar transistors, and analog and logic IC.

Full company description

Wingtech Technology Co.,Ltd operates as integrated device manufacturer for consumption, industry, and automobiles fields in China and internationally. The company offers diodes, bipolar transistors, ESD protection devices, MOSFET devices, gallium nitride power transistors, silicon carbide diodes, insulated gate bipolar transistors, and analog and logic IC. It also operates research and development centers, wafer fabs, and packaging and testing plants. The company was formerly known as Join-In (Holding) Co.,Ltd. Wingtech Technology Co.,Ltd was founded in 1993 and is based in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wingtech Technology Co reported revenue of ¥31.3B in FY2025 versus ¥52.7B in FY2021, a compound −12.3%/yr. Reported net income was −¥8.7B in FY2025.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
31.3B CNY
Latest YoY
−57.5%
Avg. growth/yr (3Y)
−18.7%
Avg. growth/yr (5Y)
−9.6%
Avg. growth/yr (30Y)
+21.9%
Revenue −12.3%/yr
FY21 ¥52.7B
FY22 ¥58.1B
FY23 ¥61.2B
FY24 ¥73.6B
FY25 ¥31.3B
Net income
FY21 ¥2.6B
FY22 ¥1.5B
FY23 ¥1.2B
FY24 −¥2.8B
FY25 −¥8.7B

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Cite: Fair Value Calculator (2026). "Wingtech Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/600745

Peer Group

Communication Equipment · 290 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 51 · Below median
Fair Value upside +18% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -48% · Bottom 25%
Operating margin (TTM) -2% · Below median
Revenue growth -94% · Bottom 25%
Debt / equity 0.35× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.17× · Cheaper than 75% of peers
P/FCF 0.8× · Cheaper than median
EV/EBITDA 4.6× · Cheaper 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 57 · sector 0
FUTURE 0 · sector 30
PAST 0 · sector 15
HEALTH 83 · sector 98
DIVIDEND 0 · sector 24

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 9, 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 Wingtech Technology Co (600745) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥19.84 versus a price of ¥16.82, about +18% (undervalued).
What is the fair value of 600745?
Our model-based fair value for Wingtech Technology Co is ¥19.84 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥16.82.
What is the quality score of 600745?
Wingtech Technology Co has a Quality Score of 51/100. 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 Wingtech Technology Co (600745)?
Wingtech Technology Co reported trailing-twelve-month revenue of about 19.0B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600745?
The net profit margin of Wingtech Technology Co is about -48.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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