Giantec Semiconductor Corp (688123) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Giantec Semiconductor Corp stock ¥103, price ¥94.36, upside +9.6%, quality 80 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ¥29.25 – ¥217.12 · fair‑value band ¥57.42 – ¥131.55 · the ¥94.36 price screens below the ¥103.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Giantec Semiconductor Corporation manufactures and sells integrated circuits in China and internationally. The company offers conventional and automotive grade electrically erasable programmable read-only memory products; industrial and automotive NOR flash products; VCM drivers; and smart cards.
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It also provides technical support services. Its products have applications in the areas of memory modules, smartphones, automotive electronics, industrial control, IoT and wearable devices, white goods, communication equipment, and medical instruments.
The company was founded in 2009 and is headquartered in Shanghai, China.
Stock analysis
Giantec Semiconductor Corp (688123) currently trades at ¥94.36, while our model-based Fair Value estimate is ¥103.41, so the stock looks roughly fairly valued today (gap 8.8%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥69.73 per share, and 2 of the 26 models we run sit above the ¥94.36 price.
Bear case: the Asset-Based group reads lowest at ¥13.21, and 24 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥57.42 (bear) to ¥131.55 (bull), the price of ¥94.36 sits inside 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 80/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Giantec Semiconductor Corp reported revenue of 1.2B CNY in FY2025 versus 544M CNY in FY2021, a compound +22.4%/yr. Reported net income was 363M CNY in FY2025, compounding +35.3%/yr from FY2021.
Key figures
Market cap 15.0B CNY (≈ $2.3B) Mid · P/E ratio 22.1 · P/S ratio 12.0 · EPS (TTM) ¥4.27 · Dividend yield 0.7% · Net margin 54.8% · Return on equity 25.4% · Return on assets (EBIT) 11.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 10%, 688123 screens cheaper than that median.
Fair Value models
Bear¥57.42Fair Value ¥103.41Bull¥131.55
Price ¥94.36 · Upside +9.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥3.07 per share) are deliberately not added.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.Coverage ⓘCoverage = 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.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.7%
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.
+7.6%
Revenue growth 5 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.
+19.8%
Start year 2020 (pandemic)
Revenue growth 9 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.
+16.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+24.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.3%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.23.3% vs 19.6%, picking up
Profit margin 2020 to 2025 ⓘ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.35% → 31%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+26.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +24.5% a year for the price.
Compare Giantec Semiconductor Corp with another stock
Price, fair value, quality and upside side by side.
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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.Semiconductors · 405 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+10.0% · Top 25%
Profitability
Return on equity (12 months)25.4% · Top 25%
Return on assets13.2% · Top 25%
Net margin (12 months)54.8% · Top 25%
Operating margin (12 months)21.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)2.6% · Below median
Dividend yield (12 months)0.7% · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)22.1× · Cheaper than median
P/B5.70× · Pricier than median
P/S (12 months)11.97× · Priciest 25%
Price / free cash flow (fiscal year)43.6× · Pricier than median
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Is Giantec Semiconductor Corp (688123) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ¥103.41 versus a price of ¥94.36, about +10% upside (fairly valued).
What is the fair value of 688123?
Our model-based fair value for Giantec Semiconductor Corp is ¥103.41 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥94.36.
What is the quality score of 688123?
Giantec Semiconductor Corp has a Quality Score of 80/100. 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 Giantec Semiconductor Corp (688123)?
Our model-based price target is the fair value of ¥103.41 (as of Nov 10, 2026) from 26 valuation models. Cautious scenario ¥57.42, optimistic scenario ¥131.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Giantec Semiconductor Corp stock forecast for 2026?
Our models put fair value at ¥103.41, about +10% upside versus a price of ¥94.36 (fairly valued). Cautious scenario ¥57.42, optimistic scenario ¥131.55. The calculation is refreshed regularly with new filings.
What is the revenue of Giantec Semiconductor Corp (688123)?
Giantec Semiconductor Corp reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Nov 10, 2026).
Does Giantec Semiconductor Corp pay a dividend?
Giantec Semiconductor Corp currently shows a dividend yield of 0.74% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Giantec Semiconductor Corp (688123) and when is the ex-dividend date?
Giantec Semiconductor Corp pays a dividend of ¥0.7 per share a year, a dividend yield of 0.7%. The last ex-dividend date was Apr 27, 2026. The payout ratio is 16.4% of earnings. Free cash flow covers the dividend 3.08 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Giantec Semiconductor Corp (688123)?
For today's price to be fair in a discounted-cash-flow model, Giantec Semiconductor Corp would have to grow free cash flow by +26.6 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.8 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 688123 use?
Our models discount Giantec Semiconductor Corp at 11.5 %: a base by market capitalisation (mid), damped by beta 1.40, country premium for China. 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 Giantec Semiconductor Corp that is +26.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Giantec Semiconductor Corp (688123) delivered so far?
Over the past 5 years revenue at Giantec Semiconductor Corp grew +19.8 % a year. The price currently implies free-cash-flow growth of +26.6 % per 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 Giantec Semiconductor Corp (688123) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Giantec Semiconductor Corp (+26.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Giantec Semiconductor Corp (688123)?
The free-cash-flow yield on the price is 2.30 %: that much free cash flow Giantec Semiconductor Corp produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Giantec Semiconductor Corp (688123)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Giantec Semiconductor Corp it is ¥103.41 per share (as of Nov 10, 2026), against a price of ¥94.36. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Giantec Semiconductor Corp stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 688123 trades below its calculated fair value: price ¥94.36, fair value ¥103.41, a gap of about +10% (fairly valued). 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 688123?
No. The price is what the market pays today (¥94.36); the fair value is what the company's own numbers justify (¥103.41). For Giantec Semiconductor Corp the two are ¥9.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Giantec Semiconductor Corp worth?
The market values Giantec Semiconductor Corp at about 15.0B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥94.36; our models calculate a fair value of ¥103.41 per share.
What do the bullish and bearish scenarios say about 688123?
Our models span a range for Giantec Semiconductor Corp: cautious scenario ¥57.42, base ¥103.41, optimistic ¥131.55 per share (as of Nov 10, 2026, price ¥94.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688123?
Giantec Semiconductor Corp trades at a price-to-earnings ratio of 22.1 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥103.41 is built from several models across several years. Other multiples: P/B 5.7, P/S 12.0, EV/EBITDA 50.4.
How solid is the balance sheet of Giantec Semiconductor Corp (688123)?
Balance-sheet figures for Giantec Semiconductor Corp (as of Nov 10, 2026): return on equity 25.4%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 688123 from its 52-week high?
Giantec Semiconductor Corp trades at ¥94.36, about 57% below its 52-week high of ¥217.12 and 6% above the low of ¥89.28 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥103.41 is for.
Which stocks are comparable to Giantec Semiconductor Corp?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Giantec Semiconductor Corp stock attractive at the current price?
The data as of Nov 10, 2026: price ¥94.36, calculated fair value ¥103.41 (+10%), Quality Score 80/100, from 26 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 688123 calculated?
We run Giantec Semiconductor Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥103.41 builds on their evidence-weighted average, 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 13.7% above its aggregate fair value. Giantec Semiconductor Corp currently trades 9% below its own fair value, and the market average says nothing about that. 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 Giantec Semiconductor Corp (688123)?
The closing price on Nov 10, 2026 was ¥94.36. Our model-based fair value is ¥103.41, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Giantec Semiconductor Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (¥57.42 to ¥131.55) leaves room in how you read the outcome.
Key figures of Giantec Semiconductor Corp
How large is the market capitalisation of Giantec Semiconductor Corp (688123)?
The market capitalisation of Giantec Semiconductor Corp is 15.0B CNY (≈ $2.3B). 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 Giantec Semiconductor Corp (688123)?
The price-to-sales ratio of Giantec Semiconductor Corp is 12.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Giantec Semiconductor Corp (688123)?
Earnings per share at Giantec Semiconductor Corp are ¥4.27 (price ÷ EPS = P/E 22.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Giantec Semiconductor Corp (688123)?
The dividend yield of Giantec Semiconductor Corp is 0.7% (payout 16.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Giantec Semiconductor Corp (688123)?
The net margin of Giantec Semiconductor Corp is 54.8% (last twelve months). 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 Giantec Semiconductor Corp (688123)?
The return on equity (ROE) of Giantec Semiconductor Corp is 25.4% (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 Giantec Semiconductor Corp (688123)?
On an EBIT basis the return on assets of Giantec Semiconductor Corp is 11.3% (avg 5y). 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 Giantec Semiconductor Corp (688123)?
The operating margin of Giantec Semiconductor Corp is 21.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Giantec Semiconductor Corp (688123)?
Revenue at Giantec Semiconductor Corp is growing +2.6% versus a year earlier (3y avg +7.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Giantec Semiconductor Corp (688123)?
Earnings per share at Giantec Semiconductor Corp are growing +374% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Giantec Semiconductor Corp (688123) hold?
Giantec Semiconductor Corp holds more cash than debt, 940M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 10, 2026