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Shaanxi Lighte Optoelectronics Material Co (688150) Fair Value & Analysis

Basic Materials · CN · Market cap 16.5B CNY

SL Shaanxi Lighte Optoelectronics Material Co 688150 · SHG
Price¥40.15
Fair Value¥9.26
Upside-76.9%
Quality68/100
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Expensive Growth
Highly profitable · 37.8% net margin
Low debt · generates free cash flow
0.70% dividend yield
Mixed vs. peers (6/14)
Wide moat 73/100
Evidence: High Range ¥4.95 – ¥11.43 Share as image

Fair value as of: Aug 12, 2026

From 26 valuation models · updated today

Share price −26.4% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.43). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥4.95 to ¥11.43) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

¥71.33 ¥11.73 Fair Value ¥9.26 Mar 2022 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

53‑month range ¥11.73 – ¥71.33 · fair‑value band ¥4.95 – ¥11.43 · the ¥40.15 price screens above the ¥9.26 fair value. Dashed = 300-day average. As of Aug 12, 2026.

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Analysis

Shaanxi Lighte Optoelectronics Material Co (688150) currently trades at ¥40.15, while our model-based Fair Value estimate is ¥9.26, implying the stock looks roughly 76.9% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Basic Materials 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, Shaanxi Lighte Optoelectronics Material Co generated revenue of 540M CNY at a net margin of 37.8%. Revenue declined 8.2% year over year. It earns a return on equity of 10.7%. The stock trades on a trailing P/E of 90.9. Fundamentals as of Aug 12, 2026

Our scenario range runs from ¥4.95 (bear case) to ¥11.43 (bull case); at ¥40.15, 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 44% below its 52-week high and 91% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -77%, 688150 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥2.06 to ¥24.83). Read the values as a conservative anchor, not as a price target.
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
Growth DCF ¥4.05 ¥7.35 ¥13.52 80
Residual Income ¥4.36 ¥5.02 ¥8.68 76
Rev-Margin DCF ¥2.80 ¥4.45 ¥6.86 74
All 26 models by family
DCF Models
FCF DCF ¥4.19 ¥6.68 ¥13.58 38
Owner Earnings ¥4.70 ¥9.51 ¥19.40 31
5Y Revenue Exit ¥2.80 ¥4.32 ¥6.96 39
5Y EBITDA Exit ¥5.67 ¥10.62 ¥18.87 41
5Y P/E Exit ¥6.55 ¥13.27 ¥21.87 38
10Y Revenue Exit ¥3.15 ¥5.06 ¥7.47 36
10Y EBITDA Exit ¥5.21 ¥10.33 ¥19.64 37
10Y P/E Exit ¥5.83 ¥11.97 ¥22.47 35
Earnings-Based
Graham-Dodd ¥3.70 ¥24.83 ¥34.79 54
Lynch FV ¥7.27 ¥10.39 ¥13.50 50
PEG = 1.0 ¥7.27 ¥10.39 ¥13.50 46
EPV ¥5.34 ¥6.11 ¥6.78 59
Dividend Discount
Gordon GGM ¥2.95 ¥6.13 ¥9.72 70
DDM Multi-Stage ¥2.95 ¥5.17 ¥6.43 61
Multiples
P/E Multiple ¥6.94 ¥9.26 ¥11.57 63
P/S Multiple ¥1.54 ¥2.06 ¥2.57 58
P/B Multiple ¥6.94 ¥9.26 ¥11.57 55
EV/EBIT ¥7.16 ¥9.29 ¥11.43 53
EV/EBITDA ¥6.41 ¥8.30 ¥10.19 54
EV/Revenue ¥2.19 ¥2.80 ¥3.42 43
Asset-Based
NCAV (Graham) ¥2.38 ¥3.19 ¥4.76 50
Growth DCF
Growth DCF ¥4.05 ¥7.35 ¥13.52 80
Rev-Margin DCF ¥2.80 ¥4.45 ¥6.86 74
Economic Profit
Residual Income ¥4.36 ¥5.02 ¥8.68 76
ROIC Compounder ¥5.82 ¥8.09 ¥10.00 72
Growth Earnings
Growth-Adj P/E ¥9.25 ¥13.22 ¥17.18 68

Widest divergence: Growth Earnings (¥13.22) versus Asset-Based (¥3.19). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 540M CNY
Revenue growth (YoY) -8.2%
Net margin 37.8%
Return on equity 10.7%
Free cash flow 90.2M CNY FY2025
P/E ratio 90.9
More key figures
Operating margin 39.3%
EPS (TTM) ¥0.5100
EPS growth (YoY) -26.7%

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 55

Profitability 50
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 82
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

Shaanxi Lighte Optoelectronics Material Co.,Ltd engages in the research, development, production, and sales of organic light-emitting diodes (OLED) materials. Its products include OLED materials; OLED terminal materials and intermediates; and other drug intermediates. The company supplies OLED terminal materials for the OLED panel manufacturers.

Full company description

Shaanxi Lighte Optoelectronics Material Co.,Ltd engages in the research, development, production, and sales of organic light-emitting diodes (OLED) materials. Its products include OLED materials; OLED terminal materials and intermediates; and other drug intermediates. The company supplies OLED terminal materials for the OLED panel manufacturers. The company was founded in 2010 and is headquartered in Xi'an, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shaanxi Lighte Optoelectronics Material Co reported revenue of ¥552M in FY2025 versus ¥341M in FY2021, a compound +12.8%/yr. Reported net income was ¥219M in FY2025, compounding +19.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
552M CNY
Latest YoY
+17.0%
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.
+25.4%
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.
+15.0%
Avg. growth/yr (6Y) 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.
+18.3%
Revenue +12.8%/yr
FY21 ¥341M
FY22 ¥280M
FY23 ¥301M
FY24 ¥472M
FY25 ¥552M
Net income +19.4%/yr
FY21 ¥108M
FY22 ¥105M
FY23 ¥77.0M
FY24 ¥167M
FY25 ¥219M

688150 screens 77% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Shaanxi Lighte Optoelectronics Material Co Fair Value". https://www.fairvalue-calculator.com/stock/688150

Peer Group

Chemicals · 341 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 68 · Top 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) 39% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 80.2× · Pricier than 75% of peers
P/B 8.59× · Pricier than 75% of peers
P/S (TTM) 30.46× · Pricier than 75% of peers
P/FCF 27.1× · Pricier than 75% of peers
EV/EBITDA 56.4× · 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 0 · sector 21
PAST 43 · sector 19
HEALTH 96 · sector 94
DIVIDEND 14 · sector 27

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Shaanxi Lighte Optoelectronics Material Co (688150) overvalued or undervalued?
As of Aug 12, 2026, our model estimates a fair value of ¥9.26 versus a price of ¥40.15, about −77% (overvalued).
What is the fair value of 688150?
Our model-based fair value for Shaanxi Lighte Optoelectronics Material Co is ¥9.26 (as of Aug 12, 2026), built from audited fundamentals. The current price is ¥40.15.
What is the quality score of 688150?
Shaanxi Lighte Optoelectronics Material Co has a Quality Score of 68/100. 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 Shaanxi Lighte Optoelectronics Material Co (688150)?
Shaanxi Lighte Optoelectronics Material Co reported trailing-twelve-month revenue of about 540M CNY (latest available figure, as of Aug 12, 2026).
What is the net profit margin of 688150?
The net profit margin of Shaanxi Lighte Optoelectronics Material Co is about 37.8%, meaning it keeps roughly 37.8% of revenue as net income. Based on the latest reported figures.

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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