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Sun Create Electronics Co (600990) Fair Value & Analysis

Technology · CN · Market cap 4.8B CNY

SC Sun Create Electronics Co 600990 · SHG
Price¥17.90
Fair Value¥3.26
Upside-81.8%
Quality41/100
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Weak Growth
Loss-making · -20.0% net margin
Low debt · generates free cash flow
Trails peers (2/11)
Narrow moat 10/100
Evidence: Medium Range ¥2.88 – ¥5.07 Share as image

Fair value as of: Aug 9, 2026

From 12 valuation models · updated yesterday

Share price −7.1% over the past month.

Below-average quality, and screening another 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.07). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥36.94 ¥11.30 Fair Value ¥3.26 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 ¥11.30 – ¥36.94 · fair‑value band ¥2.88 – ¥5.07 · the ¥17.90 price screens above the ¥3.26 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Sun Create Electronics Co (600990) currently trades at ¥17.90, while our model-based Fair Value estimate is ¥3.26, implying the stock looks roughly 81.8% overvalued today. The Quality Score stands at 41/100 (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: medium).

Over the trailing twelve months, Sun Create Electronics Co generated revenue of 1.6B CNY at a net margin of -20.0%. Revenue declined 41.9% year over year. It earns a return on equity of -18.6%. Net debt stands at 965M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥2.88 (bear case) to ¥5.07 (bull case); at ¥17.90, 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -82%, 600990 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 ¥3.90 ¥5.77 ¥8.39 80
Rev-Margin DCF ¥3.34 ¥5.28 ¥7.57 74
Gordon GGM ¥1.80 ¥3.58 ¥5.42 70
All 12 models by family
DCF Models
FCF DCF ¥3.86 ¥6.02 ¥9.27 38
5Y Revenue Exit ¥3.34 ¥5.28 ¥7.75 39
5Y EBITDA Exit ¥1.66 ¥2.07 ¥2.50 41
10Y Revenue Exit ¥3.40 ¥5.20 ¥7.65 36
10Y EBITDA Exit ¥2.44 ¥3.01 ¥3.66 37
Dividend Discount
Gordon GGM ¥1.80 ¥3.58 ¥5.42 70
DDM Multi-Stage ¥1.80 ¥3.04 ¥3.78 61
Multiples
EV/EBITDA ¥0.4900 ¥0.6400 ¥0.7900 54
EV/Revenue ¥3.19 ¥4.54 ¥5.89 43
Asset-Based
NCAV (Graham) ¥2.98 ¥4.00 ¥5.96 50
Growth DCF
Growth DCF ¥3.90 ¥5.77 ¥8.39 80
Rev-Margin DCF ¥3.34 ¥5.28 ¥7.57 74

Widest divergence: Growth DCF (¥5.28) versus Multiples (¥0.6400). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) -41.9%
Net margin -20.0%
Return on equity -18.6%
Free cash flow 93.1M CNY FY2025
Operating margin -26.7%
More key figures
EPS (TTM) ¥-1.53
EPS growth (YoY) -16.7%
Net debt 965M CNY FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 40 · Market factors (momentum, volatility) 23

Profitability 4
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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

Sun Create Electronics Co., Ltd engages in the research and development, design, manufacture, and marketing of radar and security systems.

Full company description

Sun Create Electronics Co., Ltd engages in the research and development, design, manufacture, and marketing of radar and security systems. The company offers weather, air traffic control, and low-altitude warning radars, as well as related radar supporting parts; public safety products, such as safe city, emergency command communication, and intelligent transportation; electronic products; power products; mobile support equipment; and grain storage equipment. The company was founded in 2000 and is based in Hefei, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sun Create Electronics Co reported revenue of ¥1.7B in FY2025 versus ¥3.1B in FY2021, a compound −13.7%/yr. Reported net income was −¥288M in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.7B CNY
Latest YoY
+8.9%
Avg. growth/yr (3Y)
−13.8%
Avg. growth/yr (5Y)
−15.0%
Avg. growth/yr (24Y)
+14.9%
Revenue −13.7%/yr
FY21 ¥3.1B
FY22 ¥2.7B
FY23 ¥1.9B
FY24 ¥1.6B
FY25 ¥1.7B
Net income
FY21 ¥184M
FY22 ¥66.0M
FY23 −¥553M
FY24 −¥246M
FY25 −¥288M

600990 screens 82% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Sun Create Electronics Co Fair Value". https://www.fairvalue-calculator.com/stock/600990

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 41 · Bottom 25%
Fair Value upside −82% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) -27% · Bottom 25%
Revenue growth -42% · Bottom 25%
Debt / equity 0.33× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/B 0.45× · Cheaper than 75% of peers
P/S (TTM) 0.44× · Cheaper than 75% of peers
P/FCF 7.7× · 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 0 · sector 0
FUTURE 0 · sector 30
PAST 0 · sector 15
HEALTH 84 · sector 98
DIVIDEND 0 · sector 24

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 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 Sun Create Electronics Co (600990) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥3.26 versus a price of ¥17.90, about −82% (overvalued).
What is the fair value of 600990?
Our model-based fair value for Sun Create Electronics Co is ¥3.26 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥17.90.
What is the quality score of 600990?
Sun Create Electronics Co has a Quality Score of 41/100. 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 Sun Create Electronics Co (600990)?
Sun Create Electronics Co reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600990?
The net profit margin of Sun Create Electronics Co is about -20.0%, 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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