Fuzhou Rockchip Electronics Co Ltd (603893) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Fuzhou Rockchip Electronics Co Ltd stock ¥123, price ¥218, that is 43.4% below the price, quality 80 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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 5, 2026.
How to read this chart
60‑month range ¥42.60 – ¥246.30 · fair‑value band ¥76.18 – ¥208.68 · the ¥217.81 price screens above the ¥123.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow Fuzhou Rockchip Electronics Co in your weekly email
Every Wednesday you see whether Fuzhou Rockchip Electronics Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Rockchip Electronics Co., Ltd. operates as a fabless IC design company focusing on Intelligent IoT in China.
Show moreShow less
The company offers artificial intelligent application processor chips, including general application processors, machine vision processors, audio processors, etc.; and power management, interface conversion, wireless connection, fast charging protocol, and other digital-analog hybrid chips, as well as modules and other products.
It also provides system-on-chip (SoC) for tablet, notebook, Chromebook, IPTV/OTT-Box, Internet of Things (IoT), smart audio products, intelligent video application in smartphone, drone, IPC, CVR, robotics, and other smart devices.
In addition, it offers solutions for tablet and PC, streaming media, retail and industrial, smart home, intelligent application, smart vision, automotive, open-source, and fast charger applications.
Further, the company engages in SoC design, analog circuit chip design, and algorithm research activities. Additionally, it provides PMICs, analog-digital mixed chips, optoelectronic products, and development boards solutions.
Rockchip Electronics Co., Ltd. was founded in 2001 and is headquartered in Fuzhou, China.
Stock analysis
Fuzhou Rockchip Electronics Co Ltd (603893) currently trades at ¥217.81, while our model-based Fair Value estimate is ¥123.36, 43% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥80.26 per share, and 0 of the 26 models we run sit above the ¥217.81 price.
Bear case: the Dividend Discount group reads lowest at ¥14.43, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥76.18 (bear) to ¥208.68 (bull), the price of ¥217.81 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 80/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Fuzhou Rockchip Electronics Co Ltd reported revenue of 4.4B CNY in FY2025 versus 2.7B CNY in FY2021, a compound +12.8%/yr. Reported net income was 1.0B CNY in FY2025, compounding +14.7%/yr from FY2021.
Key figures
Market cap 91.7B CNY (≈ $13.8B) Large · P/E ratio 67.4 · P/S ratio 17.5 · EPS (TTM) ¥3.23 · Dividend yield 0.6% · Net margin 26.1% · Return on equity 30.8% · Return on assets (EBIT) 12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 88 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −43%, 603893 screens richer than that median.
Fair Value models
Bear¥76.18Fair Value ¥123.36Bull¥208.68
Price ¥217.81 · Downside -43.4%
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 (¥1.72 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+40.4%
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.
+29.4%
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.
+18.8%
Start year 2020 (pandemic). Over 10 years: +15.8% a year
Revenue growth 12 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.
+9.7%
’14
’15
’16
’17
’18
’19
’20
’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.
+16.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.3%
Dividend (yield on the price)0.6%
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.26.1% vs 30.3%, 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.17% → 24%
2025 sits 244% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+39.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+28.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +37.5% a year for the price and +26.0% for the forecasts.
Compare Fuzhou Rockchip Electronics Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 372 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside−43.4% · Below median
Profitability
Return on equity (12 months)30.8% · Top 25%
Return on assets18.6% · Top 25%
Net margin (12 months)26.1% · Top 25%
Operating margin (12 months)34.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)43.9% · Above median
Dividend yield (12 months)0.6% · Below median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)67.4× · Priciest 25%
P/B20.92× · Priciest 25%
P/S (12 months)17.52× · Priciest 25%
Price / free cash flow109.7× · Priciest 25%
EV/EBITDA58.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)100· sector 28
HEALTH (low debt)100· sector 96
DIVIDEND (yield)11· sector 20
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). "Fuzhou Rockchip Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603893
Frequently asked questions
Is Fuzhou Rockchip Electronics Co Ltd (603893) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥123.36 versus a price of ¥217.81, about 43% lower (overvalued).
What is the fair value of 603893?
Our model-based fair value for Fuzhou Rockchip Electronics Co Ltd is ¥123.36 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥217.81.
What is the quality score of 603893?
Fuzhou Rockchip Electronics Co Ltd has a Quality Score of 80/100. 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 Fuzhou Rockchip Electronics Co Ltd (603893)?
Our model-based price target is the fair value of ¥123.36 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario ¥76.18, optimistic scenario ¥208.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Fuzhou Rockchip Electronics Co Ltd stock forecast for 2026?
Our models put fair value at ¥123.36, about 43% lower versus a price of ¥217.81 (overvalued). Cautious scenario ¥76.18, optimistic scenario ¥208.68. The calculation is refreshed regularly with new filings.
What is the revenue of Fuzhou Rockchip Electronics Co Ltd (603893)?
Fuzhou Rockchip Electronics Co Ltd reported trailing-twelve-month revenue of about 5.2B CNY (latest available figure, as of Nov 5, 2026).
Does Fuzhou Rockchip Electronics Co Ltd pay a dividend?
Fuzhou Rockchip Electronics Co Ltd currently shows a dividend yield of 0.55% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Fuzhou Rockchip Electronics Co Ltd (603893)?
For today's price to be fair in a discounted-cash-flow model, Fuzhou Rockchip Electronics Co Ltd would have to grow free cash flow by +39.8 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 603893 use?
Our models discount Fuzhou Rockchip Electronics Co Ltd at 9.0 %: a base by market capitalisation (large), damped by beta 0.62, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Fuzhou Rockchip Electronics Co Ltd that is +39.8 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Fuzhou Rockchip Electronics Co Ltd (603893) delivered so far?
Over the past 5 years revenue at Fuzhou Rockchip Electronics Co Ltd grew +18.8 % a year. The price currently implies +39.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Fuzhou Rockchip Electronics Co Ltd (603893) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Fuzhou Rockchip Electronics Co Ltd (+39.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fuzhou Rockchip Electronics Co Ltd (603893)?
The free-cash-flow yield on the price is 0.91 %: that much free cash flow Fuzhou Rockchip Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fuzhou Rockchip Electronics Co Ltd (603893)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fuzhou Rockchip Electronics Co Ltd it is ¥123.36 per share (as of Nov 5, 2026), against a price of ¥217.81. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Fuzhou Rockchip Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 603893 trades above its calculated fair value: price ¥217.81, fair value ¥123.36, a gap of about −43% (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 603893?
No. The price is what the market pays today (¥217.81); the fair value is what the company's own numbers justify (¥123.36). For Fuzhou Rockchip Electronics Co Ltd the two are ¥94.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fuzhou Rockchip Electronics Co Ltd worth?
The market values Fuzhou Rockchip Electronics Co Ltd at about 91.7B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥217.81; our models calculate a fair value of ¥123.36 per share.
What do the bullish and bearish scenarios say about 603893?
Our models span a range for Fuzhou Rockchip Electronics Co Ltd: cautious scenario ¥76.18, base ¥123.36, optimistic ¥208.68 per share (as of Nov 5, 2026, price ¥217.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603893?
Fuzhou Rockchip Electronics Co Ltd trades at a price-to-earnings ratio of 67.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥123.36 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings, FY2025 ex one-offs: 93.7. Other multiples: P/B 20.9, P/S 17.5, EV/EBITDA 58.4.
How solid is the balance sheet of Fuzhou Rockchip Electronics Co Ltd (603893)?
Balance-sheet figures for Fuzhou Rockchip Electronics Co Ltd (as of Nov 5, 2026): return on equity 30.8%, debt of 0.00 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 603893 from its 52-week high?
Fuzhou Rockchip Electronics Co Ltd trades at ¥217.81, about 5% below its 52-week high of ¥228.86 and 49% above the low of ¥145.92 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥123.36 is for.
Which stocks are comparable to Fuzhou Rockchip Electronics 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 Fuzhou Rockchip Electronics Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥217.81, calculated fair value ¥123.36 (−43%), Quality Score 80/100, 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 603893 calculated?
We run Fuzhou Rockchip Electronics Co Ltd 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 ¥123.36, 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 15.5% above its aggregate fair value. Fuzhou Rockchip Electronics 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 Fuzhou Rockchip Electronics Co Ltd (603893)?
The closing price on Nov 5, 2026 was ¥217.81. Our model-based fair value is ¥123.36, about 43% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fuzhou Rockchip Electronics Co Ltd right now?
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (¥208.68). The favourable scenario is already priced in. The model range is unusually wide (¥76.18 to ¥208.68). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Fuzhou Rockchip Electronics Co Ltd
How large is the market capitalisation of Fuzhou Rockchip Electronics Co Ltd (603893)?
The market capitalisation of Fuzhou Rockchip Electronics Co Ltd is 91.7B CNY (≈ $13.8B). 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 Fuzhou Rockchip Electronics Co Ltd (603893)?
The price-to-sales ratio of Fuzhou Rockchip Electronics Co Ltd is 17.5 (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 Fuzhou Rockchip Electronics Co Ltd (603893)?
Earnings per share at Fuzhou Rockchip Electronics Co Ltd are ¥3.23 (price ÷ EPS = P/E 67.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fuzhou Rockchip Electronics Co Ltd (603893)?
The dividend yield of Fuzhou Rockchip Electronics Co Ltd is 0.6% (payout 37.2%). 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 Fuzhou Rockchip Electronics Co Ltd (603893)?
The net margin of Fuzhou Rockchip Electronics Co Ltd is 26.1% (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 Fuzhou Rockchip Electronics Co Ltd (603893)?
The return on equity (ROE) of Fuzhou Rockchip Electronics Co Ltd is 30.8% (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 Fuzhou Rockchip Electronics Co Ltd (603893)?
On an EBIT basis the return on assets of Fuzhou Rockchip Electronics Co Ltd is 12.2% (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 Fuzhou Rockchip Electronics Co Ltd (603893)?
The operating margin of Fuzhou Rockchip Electronics Co Ltd is 34.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fuzhou Rockchip Electronics Co Ltd (603893)?
Revenue at Fuzhou Rockchip Electronics Co Ltd is growing +43.9% versus a year earlier (3y avg +29.4%). 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 Fuzhou Rockchip Electronics Co Ltd (603893)?
Earnings per share at Fuzhou Rockchip Electronics Co Ltd are growing +64.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Fuzhou Rockchip Electronics Co Ltd (603893) hold?
Fuzhou Rockchip Electronics Co Ltd holds more cash than debt, 2.1B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Fuzhou Rockchip Electronics Co Ltd in the live analysis
One click puts Fuzhou Rockchip Electronics Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 5, 2026