Guangdong Leadyo IC Testing Co. Ltd. A (688135) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Guangdong Leadyo IC Testing Co. Ltd. A ¥24.96, price ¥39.55, upside -36.9%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥12.49 – ¥44.96 · fair‑value band ¥17.26 – ¥32.64 · the ¥39.55 price screens above the ¥24.96 fair value. Dashed = 300-day average. As of Sep 24, 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 ¥39.55, while our model-based Fair Value estimate is ¥24.96, implying the stock looks roughly 58.5% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥12.86 per share, and 0 of the 4 models we run sit above the ¥39.55 price.
Bear case: the Asset-Based group reads lowest at ¥3.29, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥17.26 (bear) to ¥32.64 (bull), the price of ¥39.55 sits above 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 49/100 (below-average 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 7.3B CNY (≈ $1.1B) · P/S ratio 8.94 · EPS (TTM) ¥0.0100 · Dividend yield 0.3% · Net margin −1.5% · Return on equity 0.1% · Return on assets (EBIT) 1.7% · Operating margin 6.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 99% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −37%, 688135 screens cheaper than that median.
Fair Value models
Bear ¥17.26Fair Value ¥24.96Bull ¥32.64
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0074 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.Evidence ⓘEvidence = 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.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
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 · 340 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−37% · Above median
Profitability
Return on equity (TTM)0% · Below median
Return on assets0% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth28% · Above median
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/B0.95× · Cheapest 25%
P/S (TTM)1.66× · Cheaper than median
EV/EBITDA10.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 67
PAST (return on equity)0· sector 23
HEALTH (low debt)62· sector 95
DIVIDEND (yield)6· sector 20
VALUE 0: the price sits above our fair-value range.
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 Sep 24, 2026, our model estimates a fair value of ¥24.96 versus a price of ¥39.55, about −37% upside (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 Sep 24, 2026), built from audited fundamentals. The current price: ¥39.55.
What is the quality score of 688135?
Guangdong Leadyo IC Testing Co. Ltd. A has a Quality Score of 49/100. 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 Sep 24, 2026) from 4 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 −37% upside versus a price of ¥39.55 (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 655M CNY (latest available figure, as of Sep 24, 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 about 0.28% relative to its recent price (as of Sep 24, 2026).
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 Sep 24, 2026), against a price of ¥39.55. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Guangdong Leadyo IC Testing Co. Ltd. A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 688135 trades above its calculated fair value: price ¥39.55, fair value ¥24.96, a gap of about −37% (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 (¥39.55); the fair value is what the company's own numbers justify (¥24.96). For Guangdong Leadyo IC Testing Co. Ltd. A the two are ¥14.59 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 7.3B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥39.55; 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 Sep 24, 2026, price ¥39.55). The range comes from different growth and margin assumptions, not from analyst opinions.
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 Sep 24, 2026): return on equity 0.1%, debt of 0.75 per unit of equity. They feed the Quality Score of 49/100, 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 ¥39.55, about 12% below its 52-week high of ¥44.96 and 99% above the low of ¥19.87 (as of Sep 24, 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 Sep 24, 2026: price ¥39.55, calculated fair value ¥24.96 (−37%), Quality Score 49/100, from 4 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 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥24.96, 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 13.2 % 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 Sep 24, 2026 was ¥39.55. Our model-based fair value is ¥24.96, about −37% upside (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?
The price sits above even our optimistic bull case (¥32.64). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (49/100) 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.
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 7.3B CNY (≈ $1.1B). 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 8.94 (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 ¥0.0100. 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%. 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 −1.5% (fiscal year 2025). 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 0.1% (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 6.1% (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 +27.9% 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 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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