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OneRobotics (Shenzhen) Co., Ltd. (6600) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of OneRobotics (Shenzhen) Co., Ltd. HK$16.57, price HK$45.26, upside -63.4%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · HK

OS Thin data Oct 1, 2026

OneRobotics (Shenzhen) Co., Ltd.

6600 · HK

Weakest SetupStrongly overvalued and low quality.

!Fair value HK$16.57 · Strongly overvalued (−63.4%)
!Quality 43/100
!Mixed Growth (revenue 3y +47.3 %/yr)
!Loss-making · -8.8% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (4/11)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$197.20 HK$41.14 Fair Value HK$16.57 Dec 2025 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 1, 2026.

How to read this chart

9‑month range HK$41.14 – HK$197.20 · fair‑value band HK$13.15 – HK$23.35 · the HK$45.26 price screens above the HK$16.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 1, 2026.

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Company profile

OneRobotics (Shenzhen) Co., Ltd. designs, develops, manufactures, and sells home robotics system products and other home robot products and accessories in Japan, Europe, North America, and rest of the world.

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OneRobotics (Shenzhen) Co., Ltd. designs, develops, manufactures, and sells home robotics system products and other home robot products and accessories in Japan, Europe, North America, and rest of the world. The company develops SwitchBot App that enables users to achieve centralized control of home robotic system products for intelligent home living experience. It offers dexterous hand-mimic robots, such as lock robots, curtain robots and finger robots, and enhanced mobile robots, such as multitasking household robots, and sports robots; perception and decision-making systems, including smart hubs, smart sensors, and smart cameras; and other smart home products and services, such as light tools, power tools, and smart home appliances under the SwitchBot and Acemate brand names. The company also provides various accessories, including cleaning supplies, power solutions, smart home control accessories, and security add-ons; and cloud storage services to utilize digital archiving for footage captured by its smart cameras. Its products are used in home automation, domestic chores, AI butler, elderly care, security, and energy management applications. The company sells its products to end consumers, retailers, and distributors. The company was founded in 2015 and is headquartered in Shenzhen, China.

Stock analysis

OneRobotics (Shenzhen) Co., Ltd. (6600) currently trades at HK$45.26, while our model-based Fair Value estimate is HK$16.57, 63.4% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of HK$17.95 per share, and 0 of the 7 models we run sit above the HK$45.26 price.

Bear case: the Asset-Based group reads lowest at HK$5.77, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$13.15 (bear) to HK$23.35 (bull), the price of HK$45.26 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 43/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

OneRobotics (Shenzhen) Co., Ltd. reported revenue of 877M CNY in FY2025 versus 275M CNY in FY2022, a compound +47.3%/yr. Reported net income was −24.0M CNY in FY2025.

Key figures

Market cap HK$10.2B (≈ $1.3B) · P/S ratio 9.93 · Net margin −2.7% · Return on equity −9.0% · Return on assets (EBIT) −7.5% · Operating margin −8.2% · Revenue (TTM) 1.0B CNY · Revenue growth (YoY) +31.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at −63%, 6600 screens richer than that median.

Fair Value models

Bear HK$13.15 Fair Value HK$16.57 Bull HK$23.35
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. 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.
Highest evidence
FCF DCF HK$14.42 HK$17.46 HK$26.55 75
Growth DCF HK$14.00 HK$18.51 HK$25.61 74
5Y Revenue Exit HK$13.08 HK$16.68 HK$24.17 68
All 7 models by family
DCF Models
FCF DCF HK$14.42 HK$17.46 HK$26.55 75
5Y Revenue Exit HK$13.08 HK$16.68 HK$24.17 68
10Y Revenue Exit HK$13.40 HK$19.35 HK$22.92 64
Multiples
EV/Revenue HK$12.07 HK$13.90 HK$15.73 54
Asset-Based
NCAV (Graham) HK$4.31 HK$5.77 HK$8.61 54
Growth DCF
Growth DCF HK$14.00 HK$18.51 HK$25.61 74
Rev-Margin DCF HK$13.62 HK$17.95 HK$27.04 68

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Quality Score breakdown

Overall quality 43/100

Of which business quality 52 · Market factors (momentum, volatility) 2

Profitability 18
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 40
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+43.8%
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.
+47.3%
Profit margin (trend) ⓘ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.
−31.2% (2022) → −4.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
+42.5%
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.
+56.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +40.1% a year for the price and +53.6% for the forecasts.
Forecast 2026 (sales)+75.8%
Forecast 2027 (sales)+63.4%
Projected 2028 (sales)+55.8%
Projected 2029 (sales)+48.1%
Projected 2030 (sales)+40.4%

6600 screens overvalued: fair value 63% below the price. Compare with Dell Technologies Inc →

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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.Computer Hardware · 214 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 54 · Above median
Fair Value upside −63.4% · Bottom 25%
Profitability
Return on assets −2.1% · Bottom 25%
Net margin (TTM) −3.0% · Bottom 25%
Operating margin (TTM) −12.3% · Bottom 25%
Growth and dividend
Revenue growth 50.6% · Top 25%
Balance sheet
Debt / equity 0.06× · Below median

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/B 0.98× · Cheaper than median
P/S (TTM) 1.80× · Pricier than median
P/FCF 17.9× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 69
PAST (return on equity)0 · sector 28
HEALTH (low debt)97 · sector 97
DIVIDEND (yield)0 · sector 41

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

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Wiwynn Corporation 6669 2,115 TWD 997.81 TWD −53%
Lenovo Group 0992 HK$37.16 HK$33.71 −9%
Hangzhou Hikvision Digital Technology Co 002415 ¥32.63 ¥46.76 +43%
Everpure, Inc P $126.00 $51.34 −59%
Super Micro Computer, Inc SMCI $43.26 $45.03 +4%
HP Inc HPQ $31.32 $52.70 +68%

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OneRobotics (Shenzhen) Co., Ltd. · Fair Value
HK$16.57 −63%Fair Value
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Cite: Fair Value Calculator (2026). "OneRobotics (Shenzhen) Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6600

Frequently asked questions

Is OneRobotics (Shenzhen) Co., Ltd. (6600) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of HK$16.57 versus a price of HK$45.26, about −63% upside (overvalued).
What is the fair value of 6600?
Our model-based fair value for OneRobotics (Shenzhen) Co., Ltd. is HK$16.57 (as of Oct 1, 2026), built from audited fundamentals. The current price: HK$45.26.
What is the quality score of 6600?
OneRobotics (Shenzhen) Co., Ltd. has a Quality Score of 43/100. 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 OneRobotics (Shenzhen) Co., Ltd. (6600)?
Our model-based price target is the fair value of HK$16.57 (as of Oct 1, 2026) from 7 valuation models. Cautious scenario HK$13.15, optimistic scenario HK$23.35. It is a calculation from audited fundamentals, not an analyst target.
What is the OneRobotics (Shenzhen) Co., Ltd. stock forecast for 2026?
Our models put fair value at HK$16.57, about −63% upside versus a price of HK$45.26 (overvalued). Cautious scenario HK$13.15, optimistic scenario HK$23.35. The calculation is refreshed regularly with new filings.
What is the revenue of OneRobotics (Shenzhen) Co., Ltd. (6600)?
OneRobotics (Shenzhen) Co., Ltd. reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Oct 1, 2026).
What growth is priced into OneRobotics (Shenzhen) Co., Ltd. (6600)?
For today's price to be fair in a discounted-cash-flow model, OneRobotics (Shenzhen) Co., Ltd. would have to grow free cash flow by +42.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +47.3 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of 6600 use?
Our models discount OneRobotics (Shenzhen) Co., Ltd. at 11.8 %: a base by market capitalisation (small), country premium for Hong Kong. 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 OneRobotics (Shenzhen) Co., Ltd. that is +42.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has OneRobotics (Shenzhen) Co., Ltd. (6600) delivered so far?
Over the past 3 years revenue at OneRobotics (Shenzhen) Co., Ltd. grew +47.3 % a year. The price currently implies +42.5 % 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 OneRobotics (Shenzhen) Co., Ltd. (6600) growing?
The median revenue growth in the sector is +11.9 % a year. That is the yardstick for the growth priced into OneRobotics (Shenzhen) Co., Ltd. (+42.5 % 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 OneRobotics (Shenzhen) Co., Ltd. (6600)?
The free-cash-flow yield on the price is 1.04 %: that much free cash flow OneRobotics (Shenzhen) Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of OneRobotics (Shenzhen) Co., Ltd. (6600)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For OneRobotics (Shenzhen) Co., Ltd. it is HK$16.57 per share (as of Oct 1, 2026), against a price of HK$45.26. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is OneRobotics (Shenzhen) Co., Ltd. stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 6600 trades above its calculated fair value: price HK$45.26, fair value HK$16.57, a gap of about −63% (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 6600?
No. The price is what the market pays today (HK$45.26); the fair value is what the company's own numbers justify (HK$16.57). For OneRobotics (Shenzhen) Co., Ltd. the two are HK$28.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is OneRobotics (Shenzhen) Co., Ltd. worth?
The market values OneRobotics (Shenzhen) Co., Ltd. at about HK$10.2B (market capitalisation, as of Oct 1, 2026). Per share that is HK$45.26; our models calculate a fair value of HK$16.57 per share.
What do the bullish and bearish scenarios say about 6600?
Our models span a range for OneRobotics (Shenzhen) Co., Ltd.: cautious scenario HK$13.15, base HK$16.57, optimistic HK$23.35 per share (as of Oct 1, 2026, price HK$45.26). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of OneRobotics (Shenzhen) Co., Ltd. (6600)?
Balance-sheet figures for OneRobotics (Shenzhen) Co., Ltd. (as of Oct 1, 2026): return on equity −2.9%, debt of 0.06 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
Which stocks are comparable to OneRobotics (Shenzhen) Co., Ltd.?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Seagate Technology Holdings, Western Digital 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 OneRobotics (Shenzhen) Co., Ltd. stock attractive at the current price?
The data as of Oct 1, 2026: price HK$45.26, calculated fair value HK$16.57 (−63%), Quality Score 43/100, from 7 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 6600 calculated?
We run OneRobotics (Shenzhen) Co., Ltd. through 7 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 HK$16.57, 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 14.7 % above its aggregate fair value. OneRobotics (Shenzhen) 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 OneRobotics (Shenzhen) Co., Ltd. (6600)?
The closing price on Sep 30, 2026 was HK$45.26. Our model-based fair value is HK$16.57, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with OneRobotics (Shenzhen) Co., Ltd. right now?
The price sits above even our optimistic bull case (HK$23.35). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of OneRobotics (Shenzhen) Co., Ltd.

How large is the market capitalisation of OneRobotics (Shenzhen) Co., Ltd. (6600)?
The market capitalisation of OneRobotics (Shenzhen) Co., Ltd. is HK$10.2B (≈ $1.3B). 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 OneRobotics (Shenzhen) Co., Ltd. (6600)?
The price-to-sales ratio of OneRobotics (Shenzhen) Co., Ltd. is 9.93 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of OneRobotics (Shenzhen) Co., Ltd. (6600)?
The net margin of OneRobotics (Shenzhen) Co., Ltd. is −2.7% (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 OneRobotics (Shenzhen) Co., Ltd. (6600)?
The return on equity (ROE) of OneRobotics (Shenzhen) Co., Ltd. is −9.0% (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 OneRobotics (Shenzhen) Co., Ltd. (6600)?
On an EBIT basis the return on assets of OneRobotics (Shenzhen) Co., Ltd. is −7.5% (avg 4y). 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 OneRobotics (Shenzhen) Co., Ltd. (6600)?
The operating margin of OneRobotics (Shenzhen) Co., Ltd. is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at OneRobotics (Shenzhen) Co., Ltd. (6600)?
Revenue at OneRobotics (Shenzhen) Co., Ltd. is growing +31.8% versus a year earlier (3y avg +47.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does OneRobotics (Shenzhen) Co., Ltd. (6600) hold?
OneRobotics (Shenzhen) Co., Ltd. holds more cash than debt, 1.3B CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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