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China U-Ton Future Space Industrial Group (6168) Fair Value & Analysis

Technology · HK · Market cap HK$6.5B

CU China U-Ton Future Space Industrial Group 6168 · HK
PriceHK$14.63
Fair ValueHK$5.73
Upside-60.8%
Quality55/100
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Expensive Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
5.89% dividend yield
Mixed vs. peers (5/11)
Evidence: High Range HK$3.25 – HK$7.10 Share as image

Fair value as of: Aug 6, 2026

From 17 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from HK$5.69 to HK$5.73 (+0.7%) since Jul 2, 2026. Share price −4.4% over the past month.

A solid business, but screening 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$7.10). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$3.25 to HK$7.10) leaves room in how you read the outcome.
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Price vs Fair Value (13 months)

HK$52.17 HK$14.29 Fair Value HK$5.73 Jun 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 6, 2026.

How to read this chart

13‑month range HK$14.29 – HK$52.17 · fair‑value band HK$3.25 – HK$7.10 · the HK$14.63 price screens above the HK$5.73 fair value. As of Aug 6, 2026.

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Analysis

China U-Ton Future Space Industrial Group (6168) currently trades at HK$14.63, while our model-based Fair Value estimate is HK$5.73, implying the stock looks roughly 60.8% overvalued today. The Quality Score stands at 55/100 (solid 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).

Trailing-twelve-month revenue stands at HK$48.2M. Revenue declined 19.3% year over year. The balance sheet holds a net cash position of HK$713M. The stock trades on a trailing P/E of 7.1. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$3.25 (bear case) to HK$7.10 (bull case); at HK$14.63, 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 74% 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 -61%, 6168 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 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. Evidence
Highest evidence
Residual Income HK$1.70 HK$2.17 HK$6.28 76
ROIC Compounder HK$3.74 HK$5.73 HK$7.18 72
Gordon GGM HK$1.18 HK$2.36 HK$3.57 70
All 17 models by family
DCF Models
Owner Earnings HK$3.54 HK$7.38 HK$15.14 31
Earnings-Based
Graham-Dodd HK$1.83 HK$12.77 HK$17.92 54
Lynch FV HK$6.60 HK$9.43 HK$12.25 50
PEG = 1.0 HK$6.60 HK$9.43 HK$12.25 46
EPV HK$2.86 HK$3.26 HK$3.60 59
Dividend Discount
Gordon GGM HK$1.18 HK$2.36 HK$3.57 70
DDM Multi-Stage HK$1.18 HK$2.04 HK$2.49 61
Multiples
P/E Multiple HK$4.24 HK$5.66 HK$7.07 63
P/S Multiple HK$3.06 HK$4.08 HK$5.10 58
P/B Multiple HK$3.43 HK$4.58 HK$5.72 55
EV/EBIT HK$4.69 HK$6.13 HK$7.57 53
EV/EBITDA HK$3.92 HK$5.09 HK$6.27 54
EV/Revenue HK$2.95 HK$4.05 HK$5.15 43
Asset-Based
NCAV (Graham) HK$0.7400 HK$1.00 HK$1.49 50
Economic Profit
Residual Income HK$1.70 HK$2.17 HK$6.28 76
ROIC Compounder HK$3.74 HK$5.73 HK$7.18 72
Growth Earnings
Growth-Adj P/E HK$8.63 HK$12.33 HK$16.03 68

Widest divergence: Growth Earnings (HK$12.33) versus Asset-Based (HK$1.00). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$48.2M
Revenue growth (YoY) -19.3%
Free cash flow −HK$60.3M FY2025
P/E ratio 7.1
Operating margin -714%
Dividend yield 5.9%
More key figures
Net cash HK$713M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 15

Profitability 66
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 98
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

China U-Ton Future Space Industrial Group Holdings Ltd., an investment holding company, engages in the provision of design, deployment, and maintenance services of optical fibers primarily in the People's Republic of China.

Full company description

China U-Ton Future Space Industrial Group Holdings Ltd., an investment holding company, engages in the provision of design, deployment, and maintenance services of optical fibers primarily in the People's Republic of China. It operates through Optical Fibers, Communication Networks, Money Lending, and Environmentally Intelligent Technical Products and Services segments. The company's optical fiber deployment solutions include micro-ducts and mini-cables system integration methods, as well as traditional deployment methods comprising direct burial, aerial access, conduit installation, and pipe jacking. It also provides maintenance and repair services to fiber optic networks for telcos; and sells ancillary products, such as micro-ducts and anti-corrosive steel wires to distributors and telecommunication operators. In addition, the company engages in the environmental surveillance and data analysis, environmental early warning and emergency command system construction, and environmental management projects; design, construction, and maintenance of communication networks; and provision of money lending services. The company was formerly known as China U-Ton Holdings Limited and changed its name to China U-Ton Future Space Industrial Group Holdings Ltd. in 2020. China U-Ton Future Space Industrial Group Holdings Ltd. is headquartered in Shijiazhuang, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China U-Ton Future Space Industrial Group reported revenue of HK$5.8B in FY2025 versus HK$59.2M in FY2021, a compound +215.0%/yr. Reported net income was HK$770M in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$5.8B
Latest YoY
+2.0%
Avg. growth/yr (3Y) 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.
+23.4%
Avg. growth/yr (5Y) 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.
+184.4%
Avg. growth/yr (15Y) 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.
+37.1%
Revenue +215.0%/yr
FY21 HK$59.2M
FY22 HK$3.1B
FY23 HK$5.1B
FY24 HK$5.7B
FY25 HK$5.8B
Net income
FY21 −HK$56.4M
FY22 HK$575M
FY23 HK$660M
FY24 HK$706M
FY25 HK$770M
Character of growth · EPS growth decomposed (2014-2025) +50.2 % p.a.
Revenue per share +49.8 pp

of which total revenue +29.1 pp · buybacks/dilution +20.8 pp

EBIT margin −1.0 pp
Tax rate −0.7 pp
Residual (interest, one-offs) +2.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6168 screens 61% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "China U-Ton Future Space Industrial Group Fair Value". https://www.fairvalue-calculator.com/stock/6168

Peer Group

Communication Equipment · 286 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 55 · Above median
Fair Value upside −61% · Below median
Return on assets -32% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -19% · Bottom 25%
Dividend yield (TTM) 5.9% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 17.30× · Pricier 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 0 · sector 0
FUTURE 0 · sector 30
PAST 0 · sector 15
HEALTH 99 · sector 98
DIVIDEND 100 · sector 25

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 6, 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 China U-Ton Future Space Industrial Group (6168) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$5.73 versus a price of HK$14.63, about −61% (overvalued).
What is the fair value of 6168?
Our model-based fair value for China U-Ton Future Space Industrial Group is HK$5.73 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$14.63.
What is the quality score of 6168?
China U-Ton Future Space Industrial Group has a Quality Score of 55/100. 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 China U-Ton Future Space Industrial Group (6168)?
China U-Ton Future Space Industrial Group reported trailing-twelve-month revenue of about HK$48.2M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 6168?
The net profit margin of China U-Ton Future Space Industrial Group is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does China U-Ton Future Space Industrial Group pay a dividend?
China U-Ton Future Space Industrial Group currently shows a dividend yield of about 5.89% relative to its recent price (as of Aug 6, 2026).

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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