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Montage Technology Co (6809) Fair Value & Analysis

Technology · HK · Market cap HK$475B

MT Montage Technology Co 6809 · HK
PriceHK$309.00
Fair ValueHK$43.59
Upside-85.9%
Quality74/100
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Evidence: High Range HK$34.55 – HK$59.07 📤 Share as image

Fair value as of: Jul 7, 2026

From 26 valuation models · updated 16 days ago

Fair value updated Jul 7, 2026, revised from HK$40.47 to HK$43.59 (+7.7%) since Jul 2, 2026. Share price −30.8% over the past month.

Price vs Fair Value (5 months)

HK$501.00 HK$154.00 Fair Value HK$43.59 Feb 2026 Jul 2026

5‑month range HK$154.00 – HK$501.00 · fair‑value band HK$34.55 – HK$59.07 · the HK$309.00 price screens above the HK$43.59 fair value. As of Jul 7, 2026.

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Analysis

Montage Technology Co (6809) currently trades at HK$309.00, while our model-based Fair Value estimate is HK$43.59, implying the stock looks roughly 85.9% overvalued today. We read business quality at 74/100 (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).

Over the trailing twelve months, Montage Technology Co generated revenue of HK$5.7B at a net margin of 44.9%. Revenue grew 19.5% year over year. It earns a return on equity of 15.0%. The balance sheet holds a net cash position of HK$8.4B. Fundamentals as of Jul 7, 2026

Our scenario range runs from HK$34.55 (bear case) to HK$59.07 (bull case); at HK$309.00, the current price sits above that range. The share trades about 43% below its 52-week high and 102% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -52% fair-value upside, at -86%, 6809 screens richer than that median.

Key figures & financial health

Revenue (TTM) HK$5.7B
Revenue growth (YoY) +19.5%
Net margin 44.9%
Return on equity 15.0%
Free cash flow HK$1.7B FY2025
P/E ratio 151.7
More key figures
Operating margin 46.2%
EPS growth (YoY) +52.3%
Net cash HK$8.4B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 7, 2026. TTM = trailing twelve months.

About the company

Montage Technology Co., Ltd., an integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People's Republic of China. The company provides components for memory modules, such as multiplexed rank registering clock driver, multiplexed rank data buffer, registering clock driver, data buffer, clock driver, SPD EEPROM with hub, temperature sensor, and power management IC, as well as server and client memory module products. It also offers DDR5 PMIC, SPD Hub, and TS; PCIe retimers; CXL Memory eXpander Controller, a Type 3 Compute Express Link DRAM memory controller; clock chips; and Jintide server platform. Montage Technology Co., Ltd. was founded in 2004 and is based in Shanghai, the People's Republic of China.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Montage Technology Co reported revenue of HK$5.3B in FY2025 versus HK$2.6B in FY2021, a compound +20.0%/yr. Reported net income was HK$2.2B in FY2025, compounding +27.3%/yr from FY2021.

Revenue +20.0%/yr
FY21 HK$2.6B
FY22 HK$3.7B
FY23 HK$2.3B
FY24 HK$3.6B
FY25 HK$5.3B
Net income +27.3%/yr
FY21 HK$829M
FY22 HK$1.3B
FY23 HK$451M
FY24 HK$1.4B
FY25 HK$2.2B

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Cite: Fair Value Calculator (2026). "Montage Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/6809

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Frequently asked questions

Is Montage Technology Co (6809) undervalued?
As of Jul 7, 2026, our model estimates a fair value of HK$43.59 versus a price of HK$309.00, about −86% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 6809?
Our model-based fair value for Montage Technology Co is HK$43.59 (as of Jul 7, 2026), built from audited fundamentals. The current price is HK$309.00.
What is the quality score of 6809?
Montage Technology Co has a Quality Score of 74/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Montage Technology Co (6809)?
Montage Technology Co reported trailing-twelve-month revenue of about HK$5.7B (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 6809?
The net profit margin of Montage Technology Co is about 44.9%, meaning it keeps roughly 44.9% of revenue as net income. Based on the latest reported figures.

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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