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Giantec Semiconductor Corporation (688123) Fair Value & Analysis

Technology · CN · Market cap 20.8B CNY

GS Giantec Semiconductor Corporation 688123 · SHG
Price¥128.99
Fair Value¥39.47
Upside-69.4%
Quality78/100
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Healthy Growth
Highly profitable · 23.8% net margin
generates free cash flow
0.53% dividend yield
Trails peers (5/13)
Moderate moat 61/100
Evidence: High Range ¥31.08 – ¥48.53 Share as image

Fair value as of: Aug 12, 2026

From 26 valuation models · updated today

Share price −36.8% over the past month.

A strong business, but screening 69% overvalued on our models.

What matters now

  • A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥48.53). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥217.12 ¥28.09 Fair Value ¥39.47 Mar 2021 Aug 2026

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

How to read this chart

60‑month range ¥28.09 – ¥217.12 · fair‑value band ¥31.08 – ¥48.53 · the ¥128.99 price screens above the ¥39.47 fair value. Dashed = 300-day average. As of Aug 12, 2026.

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Analysis

Giantec Semiconductor Corporation (688123) currently trades at ¥128.99, while our model-based Fair Value estimate is ¥39.47, implying the stock looks roughly 69.4% overvalued today. The Quality Score stands at 78/100 (high 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, Giantec Semiconductor Corporation generated revenue of 1.2B CNY at a net margin of 23.8%. Revenue grew 7.3% year over year. It earns a return on equity of 11.9%. The balance sheet holds a net cash position of 940M CNY. Fundamentals as of Aug 12, 2026

Our scenario range runs from ¥31.08 (bear case) to ¥48.53 (bull case); at ¥128.99, the current price sits above 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 33% below its 52-week high and 78% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -69%, 688123 screens richer 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 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. Evidence
Highest evidence
Residual Income ¥16.01 ¥20.81 ¥60.02 76
Growth DCF ¥37.81 ¥69.45 ¥128.77 72
Gordon GGM ¥2.74 ¥5.70 ¥9.04 70
All 26 models by family
DCF Models
FCF DCF ¥39.22 ¥63.06 ¥129.32 38
Owner Earnings ¥38.70 ¥78.94 ¥162.05 31
5Y Revenue Exit ¥25.49 ¥39.68 ¥64.81 39
5Y EBITDA Exit ¥32.99 ¥56.11 ¥95.05 41
5Y P/E Exit ¥39.32 ¥74.05 ¥118.17 38
10Y Revenue Exit ¥28.97 ¥47.19 ¥69.56 36
10Y EBITDA Exit ¥34.76 ¥61.06 ¥107.27 37
10Y P/E Exit ¥39.19 ¥72.77 ¥129.25 35
Earnings-Based
Graham-Dodd ¥15.53 ¥105.03 ¥147.21 54
Lynch FV ¥30.80 ¥44.01 ¥57.21 50
PEG = 1.0 ¥30.80 ¥44.01 ¥57.21 46
EPV ¥26.44 ¥29.85 ¥32.83 59
Dividend Discount
Gordon GGM ¥2.74 ¥5.70 ¥9.04 70
DDM Multi-Stage ¥2.74 ¥4.81 ¥5.98 61
Multiples
P/E Multiple ¥34.25 ¥45.67 ¥57.09 63
P/S Multiple ¥14.41 ¥19.21 ¥24.01 58
P/B Multiple ¥29.12 ¥38.82 ¥48.53 55
EV/EBIT ¥38.20 ¥48.94 ¥59.68 53
EV/EBITDA ¥31.15 ¥39.54 ¥47.92 54
EV/Revenue ¥19.43 ¥25.19 ¥30.95 43
Asset-Based
NCAV (Graham) ¥8.25 ¥11.06 ¥16.51 50
Growth DCF
Growth DCF ¥37.81 ¥69.45 ¥128.77 72
Rev-Margin DCF ¥25.49 ¥41.10 ¥64.00 67
Economic Profit
Residual Income ¥16.01 ¥20.81 ¥60.02 76
ROIC Compounder ¥31.36 ¥43.25 ¥58.96 67
Growth Earnings
Growth-Adj P/E ¥41.74 ¥59.63 ¥77.52 68

Widest divergence: DCF Models (¥61.06) versus Dividend Discount (¥4.81). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.2B CNY
Revenue growth (YoY) +7.3%
Net margin 23.8%
Return on equity 11.9%
Free cash flow 343M CNY FY2025
P/E ratio 71.0
More key figures
Operating margin 11.8%
EPS (TTM) ¥1.84
Dividend yield 0.5%
EPS growth (YoY) -69.8%
Net cash 940M CNY FY2025

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

Quality Score breakdown

Overall quality 78/100

Of which business quality 78 · Market factors (momentum, volatility) 40

Profitability 61
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 16
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 89
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

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. It also provides technical support services.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Giantec Semiconductor Corporation reported revenue of ¥1.2B in FY2025 versus ¥544M in FY2021, a compound +22.4%/yr. Reported net income was ¥363M in FY2025, compounding +35.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.2B CNY
Latest YoY
+18.7%
Avg. growth/yr (3Y) 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.
+7.6%
Avg. growth/yr (5Y) 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.
+19.8%
Avg. growth/yr (9Y) 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.
+16.6%
Revenue +22.4%/yr
FY21 ¥544M
FY22 ¥980M
FY23 ¥703M
FY24 ¥1.0B
FY25 ¥1.2B
Net income +35.3%/yr
FY21 ¥108M
FY22 ¥354M
FY23 ¥100M
FY24 ¥290M
FY25 ¥363M

688123 screens 69% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Giantec Semiconductor Corporation Fair Value". https://www.fairvalue-calculator.com/stock/688123

Peer Group

Semiconductors · 325 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 78 · Top 25%
Fair Value upside −69% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 7% · Below median
Dividend yield (TTM) 0.5% · Below median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 71.0× · Pricier than median
P/B 7.91× · Pricier than 75% of peers
P/S (TTM) 16.73× · Pricier than 75% of peers
P/FCF 9.0× · Pricier than median
EV/EBITDA 66.8× · Pricier than 75% of peers

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 · sector 0
FUTURE 37 · sector 58
PAST 48 · sector 23
HEALTH 0 · sector 96
DIVIDEND 11 · sector 21

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

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 12, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $418.47 $208.16 -50%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Giantec Semiconductor Corporation (688123) overvalued or undervalued?
As of Aug 12, 2026, our model estimates a fair value of ¥39.47 versus a price of ¥128.99, about −69% (overvalued).
What is the fair value of 688123?
Our model-based fair value for Giantec Semiconductor Corporation is ¥39.47 (as of Aug 12, 2026), built from audited fundamentals. The current price is ¥128.99.
What is the quality score of 688123?
Giantec Semiconductor Corporation has a Quality Score of 78/100. 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 revenue of Giantec Semiconductor Corporation (688123)?
Giantec Semiconductor Corporation reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Aug 12, 2026).
What is the net profit margin of 688123?
The net profit margin of Giantec Semiconductor Corporation is about 23.8%, meaning it keeps roughly 23.8% of revenue as net income. Based on the latest reported figures.
Does Giantec Semiconductor Corporation pay a dividend?
Giantec Semiconductor Corporation currently shows a dividend yield of about 0.58% relative to its recent price (as of Aug 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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