JHT Design Co. Ltd. Cl A (603061) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of JHT Design Co. Ltd. Cl A ¥50.01, price ¥312, upside -84.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
43‑month range ¥38.26 – ¥523.00 · fair‑value band ¥21.66 – ¥67.36 · the ¥311.73 price screens above the ¥50.01 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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JHT Design Co.,Ltd. engages in research, development, production, and sale of semiconductor chip testing equipment in China. The company provides pick-and-place test, system-level test, and engineering test handlers. It is also involved in research and development, manufacturing, and sales of semiconductor test and sort equipment.
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JHT Design Co.,Ltd. engages in research, development, production, and sale of semiconductor chip testing equipment in China. The company provides pick-and-place test, system-level test, and engineering test handlers. It is also involved in research and development, manufacturing, and sales of semiconductor test and sort equipment. It sells its products in Mainland China, Taiwan, Southeast Asia, Europe, and North America. The company was founded in 2012 and is based in Tianjin, China.
Stock analysis
JHT Design Co. Ltd. Cl A (603061) currently trades at ¥311.73, while our model-based Fair Value estimate is ¥50.01, 84.0% 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 ¥71.94 per share, and 0 of the 26 models we run sit above the ¥311.73 price.
Bear case: the Growth DCF group reads lowest at ¥8.56, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥21.66 (bear) to ¥67.36 (bull), the price of ¥311.73 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 54/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
JHT Design Co. Ltd. Cl A reported revenue of 698M CNY in FY2025 versus 420M CNY in FY2021, a compound +13.5%/yr. Reported net income was 177M CNY in FY2025, compounding +3.5%/yr from FY2021.
Key figures
Market cap 27.6B CNY (≈ $4.1B) · P/E ratio 97.4 · P/S ratio 24.6 · EPS (TTM) ¥3.20 · Dividend yield 0.1% · Net margin 25.3% · Return on equity 15.3% · Return on assets (EBIT) 15.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 269% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −28% fair-value upside, at −84%, 603061 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥1.81 to ¥96.22). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥21.66Fair Value ¥50.01Bull ¥67.36
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥2.22 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.Evidence ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+71.7%
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.
+17.9%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)0.1%
Profit margin 2021 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.45% → 32%
2025 sits 108% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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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.Semiconductor Equipment & Materials · 214 stocks
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Cite: Fair Value Calculator (2026). "JHT Design Co. Ltd. Cl A Fair Value". https://www.fairvalue-calculator.com/stock/603061
Frequently asked questions
Is JHT Design Co. Ltd. Cl A (603061) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥50.01 versus a price of ¥311.73, about −84% upside (overvalued).
What is the fair value of 603061?
Our model-based fair value for JHT Design Co. Ltd. Cl A is ¥50.01 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥311.73.
What is the quality score of 603061?
JHT Design Co. Ltd. Cl A has a Quality Score of 54/100. 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 JHT Design Co. Ltd. Cl A (603061)?
Our model-based price target is the fair value of ¥50.01 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario ¥21.66, optimistic scenario ¥67.36. It is a calculation from audited fundamentals, not an analyst target.
What is the JHT Design Co. Ltd. Cl A stock forecast for 2026?
Our models put fair value at ¥50.01, about −84% upside versus a price of ¥311.73 (overvalued). Cautious scenario ¥21.66, optimistic scenario ¥67.36. The calculation is refreshed regularly with new filings.
What is the revenue of JHT Design Co. Ltd. Cl A (603061)?
JHT Design Co. Ltd. Cl A reported trailing-twelve-month revenue of about 853M CNY (latest available figure, as of Sep 24, 2026).
Does JHT Design Co. Ltd. Cl A pay a dividend?
JHT Design Co. Ltd. Cl A currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of JHT Design Co. Ltd. Cl A (603061)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JHT Design Co. Ltd. Cl A it is ¥50.01 per share (as of Sep 24, 2026), against a price of ¥311.73. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is JHT Design Co. Ltd. Cl A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 603061 trades above its calculated fair value: price ¥311.73, fair value ¥50.01, a gap of about −84% (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 603061?
No. The price is what the market pays today (¥311.73); the fair value is what the company's own numbers justify (¥50.01). For JHT Design Co. Ltd. Cl A the two are ¥261.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is JHT Design Co. Ltd. Cl A worth?
The market values JHT Design Co. Ltd. Cl A at about 27.6B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥311.73; our models calculate a fair value of ¥50.01 per share.
What do the bullish and bearish scenarios say about 603061?
Our models span a range for JHT Design Co. Ltd. Cl A: cautious scenario ¥21.66, base ¥50.01, optimistic ¥67.36 per share (as of Sep 24, 2026, price ¥311.73). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603061?
JHT Design Co. Ltd. Cl A trades at a price-to-earnings ratio of 97.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥50.01 is built from several models across several years. Other multiples: P/B 16.8, P/S 31.8, EV/EBITDA 97.7.
How solid is the balance sheet of JHT Design Co. Ltd. Cl A (603061)?
Balance-sheet figures for JHT Design Co. Ltd. Cl A (as of Sep 24, 2026): return on equity 15.3%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 603061 from its 52-week high?
JHT Design Co. Ltd. Cl A trades at ¥311.73, about 40% below its 52-week high of ¥523.00 and 269% above the low of ¥84.48 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥50.01 is for.
Which stocks are comparable to JHT Design Co. Ltd. Cl A?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 JHT Design Co. Ltd. Cl A stock attractive at the current price?
The data as of Sep 24, 2026: price ¥311.73, calculated fair value ¥50.01 (−84%), Quality Score 54/100, from 26 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 603061 calculated?
We run JHT Design Co. Ltd. Cl A through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥50.01, 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 14.5 % above its aggregate fair value. JHT Design Co. Ltd. Cl A 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 JHT Design Co. Ltd. Cl A (603061)?
The closing price on Sep 30, 2026 was ¥311.73. Our model-based fair value is ¥50.01, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JHT Design Co. Ltd. Cl A right now?
The price sits above even our optimistic bull case (¥67.36). The favourable scenario is already priced in. The model range is unusually wide (¥21.66 to ¥67.36). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of JHT Design Co. Ltd. Cl A
How large is the market capitalisation of JHT Design Co. Ltd. Cl A (603061)?
The market capitalisation of JHT Design Co. Ltd. Cl A is 27.6B CNY (≈ $4.1B). 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 JHT Design Co. Ltd. Cl A (603061)?
The price-to-sales ratio of JHT Design Co. Ltd. Cl A is 24.6 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of JHT Design Co. Ltd. Cl A (603061)?
Earnings per share at JHT Design Co. Ltd. Cl A are ¥3.20 (price ÷ EPS = P/E 97.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JHT Design Co. Ltd. Cl A (603061)?
The dividend yield of JHT Design Co. Ltd. Cl A is 0.1% (payout 8.2%). 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 JHT Design Co. Ltd. Cl A (603061)?
The net margin of JHT Design Co. Ltd. Cl A is 25.3% (fiscal year 2025). 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 JHT Design Co. Ltd. Cl A (603061)?
The return on equity (ROE) of JHT Design Co. Ltd. Cl A is 15.3% (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 JHT Design Co. Ltd. Cl A (603061)?
On an EBIT basis the return on assets of JHT Design Co. Ltd. Cl A is 15.0% (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 JHT Design Co. Ltd. Cl A (603061)?
The operating margin of JHT Design Co. Ltd. Cl A is 34.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JHT Design Co. Ltd. Cl A (603061)?
Revenue at JHT Design Co. Ltd. Cl A is growing +121% versus a year earlier (3y avg +17.9%). 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 JHT Design Co. Ltd. Cl A (603061)?
Earnings per share at JHT Design Co. Ltd. Cl A are growing +213% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does JHT Design Co. Ltd. Cl A (603061) generate?
The free cash flow of JHT Design Co. Ltd. Cl A is 11.1M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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