Piotech Inc (688072) Fair Value & Analysis
Technology · CN · Market cap 242B CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 26 days ago
Fair value updated Jul 12, 2026, revised from ¥65.56 to ¥431.44 (+558.1%) since Jun 24, 2026. Share price −18.0% over the past month.
A solid business, but screening 37% overvalued on our models.
What matters now
- The model range is unusually wide (¥323.58 to ¥915.26). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (4 years)
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
52‑month range ¥60.34 – ¥832.00 · fair‑value band ¥323.58 – ¥915.26 · the ¥682.03 price screens above the ¥431.44 fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Piotech Inc (688072) currently trades at ¥682.03, while our model-based Fair Value estimate is ¥431.44, implying the stock looks roughly 36.7% overvalued today. We read business quality at 69/100 (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, Piotech Inc generated revenue of 6.9B CNY at a net margin of 23.8%. Revenue grew 57.0% year over year. It earns a return on equity of 25.1%. The stock trades on a trailing P/E of 100.1. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥323.58 (bear case) to ¥915.26 (bull case); at ¥682.03, 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 12% below its 52-week high and 393% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -80% fair-value upside, at -37%, 688072 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.
All 26 models by family
Widest divergence: DCF Models (¥1,201) versus Dividend Discount (¥63.13). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 82
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
Piotech Inc. engages in the research and development, production, sales, and technical services of semiconductor equipment in China.
Full company description
Piotech Inc. engages in the research and development, production, sales, and technical services of semiconductor equipment in China. The company offers thin film equipment, such as plasma-enhanced chemical vapor deposition equipment, atomic layer deposition equipment, sub-atmospheric pressure chemical vapor deposition equipment, and high-density plasma-enhanced chemical vapor deposition equipment are used in integrated circuit logic chips, memory chips, and other manufacturing lines. It also provides hybrid bonding equipment used in the field of wafer-level three-dimensional integration. The company was founded in 2010 and is headquartered in Shenyang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Piotech Inc reported revenue of ¥6.5B in FY2025 versus ¥758M in FY2021, a compound +71.3%/yr. Reported net income was ¥927M in FY2025, compounding +91.8%/yr from FY2021.
688072 screens 37% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 208 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.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
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: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
| HANMI Semiconductor Co 042700 | 222,000 KRW | 38,794 KRW | -83% |
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Frequently asked questions
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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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