Guangdong Leadyo IC Testing Co. Ltd. A (688135) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Guangdong Leadyo IC Testing Co. Ltd. A stock ¥24.96, price ¥29.18, that is 14.5% below the price, quality 51 out of 100. Rating: overvalued. Calculated from audited financials with 2 of our 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 5, 2026.
How to read this chart
60‑month range ¥12.49 – ¥44.96 · fair‑value band ¥17.26 – ¥32.64 · the ¥29.18 price screens above the ¥24.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Guangdong Leadyo IC Testing Co., Ltd. provides integrated circuit testing solutions primarily in China. It offers wafer testing, finished chip testing, and other supporting services related to integrated circuit testing. The company was incorporated in 2010 and is headquartered in Dongguan, China.
Stock analysis
Guangdong Leadyo IC Testing Co. Ltd. A (688135) currently trades at ¥29.18, while our model-based Fair Value estimate is ¥24.96, 14% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 94/100, which puts the data coverage at low.
Scenario range: ¥17.26 (bear) to ¥32.64 (bull), the price of ¥29.18 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 51/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Guangdong Leadyo IC Testing Co. Ltd. A reported revenue of 618M CNY in FY2025 versus 391M CNY in FY2021, a compound +12.1%/yr. Reported net income was −9.2M CNY in FY2025.
Key figures
Market cap 6.6B CNY (≈ $994M) Small · P/E ratio 486.3 · P/S ratio 9.59 · EPS (TTM) ¥0.0600 · Dividend yield 0.3% · Net margin 1.9% · Return on equity 1.2% · Return on assets (EBIT) 1.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 47% 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 −14%, 688135 screens richer than that median.
Fair Value models
Bear¥17.26Fair Value ¥24.96Bull¥32.64
Price ¥29.18 · Downside -14.5%
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 (¥0.0516 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.
Best data coverage
EV/EBITDA¥8.63¥12.48¥16.3267
NCAV (Graham)¥2.23¥2.99¥4.4654
All 2 models by family
Multiples
EV/EBITDA¥8.63¥12.48¥16.3267
Asset-Based
NCAV (Graham)¥2.23¥2.99¥4.4654
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.7%
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.
+11.0%
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.
+19.6%
Start year 2020 (pandemic). Over 10 years: +26.7% a year
Revenue growth 12 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.
+27.7%
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Profit margin (trend) ⓘ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.
23.0% (2020) → −1.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Guangdong Leadyo IC Testing Co. Ltd. A with another stock
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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 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−11.0% · Above median
Profitability
Return on equity (12 months)1.2% · Below median
Return on assets−0.4% · Below median
Net margin (12 months)1.9% · Below median
Operating margin (12 months)7.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)23.4% · Above median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Guangdong Leadyo IC Testing Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688135
Frequently asked questions
Is Guangdong Leadyo IC Testing Co. Ltd. A (688135) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥24.96 versus a price of ¥29.18, about 14% lower (overvalued).
What is the fair value of 688135?
Our model-based fair value for Guangdong Leadyo IC Testing Co. Ltd. A is ¥24.96 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥29.18.
What is the quality score of 688135?
Guangdong Leadyo IC Testing Co. Ltd. A has a Quality Score of 51/100. 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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Our model-based price target is the fair value of ¥24.96 (as of Nov 5, 2026) from 2 valuation models. Cautious scenario ¥17.26, optimistic scenario ¥32.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Guangdong Leadyo IC Testing Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥24.96, about 14% lower versus a price of ¥29.18 (overvalued). Cautious scenario ¥17.26, optimistic scenario ¥32.64. The calculation is refreshed regularly with new filings.
What is the revenue of Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Guangdong Leadyo IC Testing Co. Ltd. A reported trailing-twelve-month revenue of about 691M CNY (latest available figure, as of Nov 5, 2026).
Does Guangdong Leadyo IC Testing Co. Ltd. A pay a dividend?
Guangdong Leadyo IC Testing Co. Ltd. A currently shows a dividend yield of 0.25% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Guangdong Leadyo IC Testing Co. Ltd. A has a dividend yield of 0.3%.
What is the intrinsic value of Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guangdong Leadyo IC Testing Co. Ltd. A it is ¥24.96 per share (as of Nov 5, 2026), against a price of ¥29.18. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Guangdong Leadyo IC Testing Co. Ltd. A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 688135 trades above its calculated fair value: price ¥29.18, fair value ¥24.96, a gap of about −14% (overvalued). 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 688135?
No. The price is what the market pays today (¥29.18); the fair value is what the company's own numbers justify (¥24.96). For Guangdong Leadyo IC Testing Co. Ltd. A the two are ¥4.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Guangdong Leadyo IC Testing Co. Ltd. A worth?
The market values Guangdong Leadyo IC Testing Co. Ltd. A at about 6.6B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥29.18; our models calculate a fair value of ¥24.96 per share.
What do the bullish and bearish scenarios say about 688135?
Our models span a range for Guangdong Leadyo IC Testing Co. Ltd. A: cautious scenario ¥17.26, base ¥24.96, optimistic ¥32.64 per share (as of Nov 5, 2026, price ¥29.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688135?
Guangdong Leadyo IC Testing Co. Ltd. A trades at a price-to-earnings ratio of 486.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥24.96 is built from several models across several years. Other multiples: P/B 5.8, P/S 9.6, EV/EBITDA 29.6.
How solid is the balance sheet of Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Balance-sheet figures for Guangdong Leadyo IC Testing Co. Ltd. A (as of Nov 5, 2026): return on equity 1.2%, debt of 0.75 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 688135 from its 52-week high?
Guangdong Leadyo IC Testing Co. Ltd. A trades at ¥29.18, about 35% below its 52-week high of ¥44.96 and 47% above the low of ¥19.87 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥24.96 is for.
Which stocks are comparable to Guangdong Leadyo IC Testing Co. Ltd. A?
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 Guangdong Leadyo IC Testing Co. Ltd. A stock attractive at the current price?
The data as of Nov 5, 2026: price ¥29.18, calculated fair value ¥24.96 (−14%), Quality Score 51/100, from 2 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 688135 calculated?
We run Guangdong Leadyo IC Testing Co. Ltd. A through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥24.96 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. Guangdong Leadyo IC Testing Co. Ltd. A itself currently trades above fair value. 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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
The closing price on Nov 10, 2026 was ¥29.18. Our model-based fair value is ¥24.96, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guangdong Leadyo IC Testing Co. Ltd. A right now?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥17.26 to ¥32.64) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Guangdong Leadyo IC Testing Co. Ltd. A
How large is the market capitalisation of Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
The market capitalisation of Guangdong Leadyo IC Testing Co. Ltd. A is 6.6B CNY (≈ $994M). 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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
The price-to-sales ratio of Guangdong Leadyo IC Testing Co. Ltd. A is 9.59 (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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Earnings per share at Guangdong Leadyo IC Testing Co. Ltd. A are ¥0.0600 (price ÷ EPS = P/E 486.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
The dividend yield of Guangdong Leadyo IC Testing Co. Ltd. A is 0.3% (payout 123%). 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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
The net margin of Guangdong Leadyo IC Testing Co. Ltd. A is 1.9% (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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
The return on equity (ROE) of Guangdong Leadyo IC Testing Co. Ltd. A is 1.2% (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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
On an EBIT basis the return on assets of Guangdong Leadyo IC Testing Co. Ltd. A is 1.7% (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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
The operating margin of Guangdong Leadyo IC Testing Co. Ltd. A is 7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Revenue at Guangdong Leadyo IC Testing Co. Ltd. A is growing +23.4% versus a year earlier (3y avg +11.0%). 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 Guangdong Leadyo IC Testing Co. Ltd. A (688135)?
Earnings per share at Guangdong Leadyo IC Testing Co. Ltd. A are growing +12.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Guangdong Leadyo IC Testing Co. Ltd. A (688135) generate?
The free cash flow of Guangdong Leadyo IC Testing Co. Ltd. A is −100M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Guangdong Leadyo IC Testing Co. Ltd. A (688135) carry?
The net debt of Guangdong Leadyo IC Testing Co. Ltd. A is 676M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 5, 2026