Quectel Wireless Solutions Co (603236) Fair Value & Analysis
Technology · CN · Market cap 22.8B CNY
Fair value as of: Jul 11, 2026
From 17 valuation models · updated 30 days ago
Share price −1.3% over the past month.
Below-average quality, and screening another 16% overvalued on our models.
What matters now
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Our model range runs from ¥31.16 (bear) to ¥51.93 (bull), base ¥41.55. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range ¥30.70 – ¥115.79 · fair‑value band ¥31.16 – ¥51.93 · the ¥49.48 price screens above the ¥41.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Quectel Wireless Solutions Co (603236) currently trades at ¥49.48, while our model-based Fair Value estimate is ¥41.55, implying the stock looks roughly 16.0% 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: high).
Over the trailing twelve months, Quectel Wireless Solutions Co generated revenue of 25.9B CNY at a net margin of 3.0%. Revenue grew 29.3% year over year. It earns a return on equity of 13.5%. The balance sheet holds a net cash position of 15.0M CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥31.16 (bear case) to ¥51.93 (bull case); at ¥49.48, 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 56% 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 -16%, 603236 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.
All 17 models by family
Widest divergence: Growth Earnings (¥93.69) versus Asset-Based (¥11.39). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 14
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
Quectel Wireless Solutions Co., Ltd. engages in the research and development, design, production, and sale of wireless communication modules and solutions worldwide.
Full company description
Quectel Wireless Solutions Co., Ltd. engages in the research and development, design, production, and sale of wireless communication modules and solutions worldwide. The company offers a range of Internet of Things products and services, including 5G,4G,3G,2G, and LPWA cellular modules; LTE modules; vehicle-mounted front-end modules; 5G and 4G edge computing modules; Wi-Fi and BT communication modules; GNSS positioning modules; satellite communication modules; antennas; and other hardware products, as well as software platform services. It also provides certification and testing, industrial intelligence, agriculture, and other services and solutions. The company's products are used in transportation, energy, financial payment, cities, wireless gateways, agriculture and environmental monitoring, industry, life and healthcare, smart security, and other fields. Quectel Wireless Solutions Co., Ltd. was founded in 2010 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Quectel Wireless Solutions Co reported revenue of ¥24.3B in FY2025 versus ¥11.3B in FY2021, a compound +21.2%/yr. Reported net income was ¥837M in FY2025, compounding +23.7%/yr from FY2021.
603236 screens 16% overvalued. Compare with Cisco Systems, Inc →
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.
Valuation Multiples vs Communication Equipment median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Jul 11, 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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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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