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Shenzhen Transsion Holdings (688036) Fair Value & Analysis

Technology · CN · Market cap 61.8B CNY

ST Shenzhen Transsion Holdings 688036 · SHG
Price¥57.40
Fair Value¥80.82
Upside+40.8%
Quality42/100
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Expensive Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
3.17% dividend yield
Ranks above peers (9/14)
Narrow moat 42/100
Evidence: High Range ¥50.78 – ¥101.02 Share as image

Fair value as of: Jul 12, 2026

From 25 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from ¥44.90 to ¥80.82 (+80.0%) since Jun 24, 2026. Share price −10.0% over the past month.

Below-average quality, screening 41% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (¥50.78 to ¥101.02) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥239.97 ¥50.99 Fair Value ¥80.82 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥50.99 – ¥239.97 · fair‑value band ¥50.78 – ¥101.02 · the ¥57.40 price screens below the ¥80.82 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Shenzhen Transsion Holdings (688036) currently trades at ¥57.40, while our model-based Fair Value estimate is ¥80.82, implying the stock looks roughly 40.8% undervalued today. We read business quality at 42/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Shenzhen Transsion Holdings generated revenue of 68.8B CNY at a net margin of 4.1%. Revenue grew 24.6% year over year. It earns a return on equity of 13.5%. The balance sheet holds a net cash position of 9.7B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥50.78 (bear case) to ¥101.02 (bull case); at ¥57.40, 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 45% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -16% fair-value upside, at 41%, 688036 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥14.99 ¥19.12 ¥26.33 80
Residual Income ¥16.85 ¥19.73 ¥33.24 76
ROIC Compounder ¥34.50 ¥42.87 ¥53.50 72
All 25 models by family
DCF Models
FCF DCF ¥15.07 ¥19.70 ¥28.10 38
Owner Earnings ¥33.44 ¥54.69 ¥93.29 31
5Y Revenue Exit ¥29.01 ¥49.04 ¥77.64 39
5Y EBITDA Exit ¥31.22 ¥53.75 ¥83.30 41
5Y P/E Exit ¥33.21 ¥57.98 ¥87.59 38
10Y Revenue Exit ¥23.50 ¥41.14 ¥70.82 36
10Y EBITDA Exit ¥25.88 ¥44.66 ¥75.71 37
10Y P/E Exit ¥27.22 ¥47.81 ¥79.42 35
Earnings-Based
Graham-Dodd ¥15.26 ¥78.71 ¥108.82 54
Lynch FV ¥21.50 ¥30.71 ¥39.92 50
PEG = 1.0 ¥21.50 ¥30.71 ¥39.92 46
EPV ¥31.33 ¥34.89 ¥38.01 59
Dividend Discount
Gordon GGM ¥21.36 ¥44.42 ¥70.46 70
DDM Multi-Stage ¥21.36 ¥37.45 ¥46.62 61
Multiples
P/E Multiple ¥33.67 ¥44.90 ¥56.12 63
P/S Multiple ¥28.62 ¥38.16 ¥47.70 58
P/B Multiple ¥28.62 ¥38.16 ¥47.70 55
EV/EBIT ¥47.54 ¥60.06 ¥72.59 53
EV/EBITDA ¥40.54 ¥50.73 ¥60.92 54
EV/Revenue ¥35.29 ¥46.14 ¥57.00 43
Asset-Based
NCAV (Graham) ¥8.91 ¥11.95 ¥17.83 50
Growth DCF
Growth DCF ¥14.99 ¥19.12 ¥26.33 80
Economic Profit
Residual Income ¥16.85 ¥19.73 ¥33.24 76
ROIC Compounder ¥34.50 ¥42.87 ¥53.50 72
Growth Earnings
Growth-Adj P/E ¥31.49 ¥44.98 ¥58.48 68

Widest divergence: DCF Models (¥47.81) versus Asset-Based (¥11.95). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 68.8B CNY
Revenue growth (YoY) +24.6%
Net margin 4.1%
Return on equity 13.5%
Free cash flow 437M CNY FY2025
P/E ratio 22.1
More key figures
Operating margin 6.9%
EPS (TTM) ¥2.43
Dividend yield 3.2%
EPS growth (YoY) +41.9%
Net cash 9.7B CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 49 · Market factors (momentum, volatility) 31

Profitability 47
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 80
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

Shenzhen Transsion Holdings Co., Ltd., together with its subsidiaries, provides smart devices and mobile services in Africa, South Asia, Southeast Asia, the Middle East, Latin America, and internationally.

Full company description

Shenzhen Transsion Holdings Co., Ltd., together with its subsidiaries, provides smart devices and mobile services in Africa, South Asia, Southeast Asia, the Middle East, Latin America, and internationally. The company offers mobile phones, feature phones, and smartphones under the TECNO, itel, and Infinix brands; after-sales services under the Carlcare brand; smart accessories under the oraimo brand; home appliances under the Syinix brand; and mobile internet services and digital products. It also develops smart terminal operating systems, such as HiOS, itelOS, and XOS, as well as independent application software platforms. The company was founded in 2013 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Transsion Holdings reported revenue of ¥65.6B in FY2025 versus ¥49.4B in FY2021, a compound +7.4%/yr. Reported net income was ¥2.6B in FY2025, compounding −9.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
65.6B CNY
Latest YoY
−4.5%
Avg. growth/yr (3Y)
+12.1%
Avg. growth/yr (5Y)
+11.7%
Avg. growth/yr (9Y)
+21.2%
Revenue +7.4%/yr
FY21 ¥49.4B
FY22 ¥46.6B
FY23 ¥62.3B
FY24 ¥68.7B
FY25 ¥65.6B
Net income −9.8%/yr
FY21 ¥3.9B
FY22 ¥2.5B
FY23 ¥5.5B
FY24 ¥5.5B
FY25 ¥2.6B

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Cite: Fair Value Calculator (2026). "Shenzhen Transsion Holdings Fair Value". https://www.fairvalue-calculator.com/stock/688036

Peer Group

Consumer Electronics · 129 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 42 · Below median
Fair Value upside +41% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Top 25%
Revenue growth 25% · Top 25%
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 22.1× · Cheaper than median
P/B 3.01× · Pricier than 75% of peers
P/S (TTM) 0.90× · Pricier than median
P/FCF 21.0× · Pricier than 75% of peers
EV/EBITDA 14.8× · Pricier than median

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 88 · sector 7
FUTURE 100 · sector 13
PAST 54 · sector 10
HEALTH 99 · sector 97
DIVIDEND 63 · sector 29

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 Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $314.86 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
Xiaomi Corporation 1810 HK$26.88 HK$39.84 +48%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%

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Frequently asked questions

Is Shenzhen Transsion Holdings (688036) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥80.82 versus a price of ¥57.40, about +41% (undervalued).
What is the fair value of 688036?
Our model-based fair value for Shenzhen Transsion Holdings is ¥80.82 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥57.40.
What is the quality score of 688036?
Shenzhen Transsion Holdings has a Quality Score of 42/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Shenzhen Transsion Holdings (688036)?
Shenzhen Transsion Holdings reported trailing-twelve-month revenue of about 68.8B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688036?
The net profit margin of Shenzhen Transsion Holdings is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Transsion Holdings pay a dividend?
Shenzhen Transsion Holdings currently shows a dividend yield of about 3.17% relative to its recent price (as of Jul 12, 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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