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Data-driven stock valuation
Halo Microelectronics Co. Ltd. A (688173) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Halo Microelectronics Co. Ltd. A stock ¥1.99, price ¥9.88, upside -79.9%, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Thin data
Oct 30, 2026
Thin data
Oct 30, 2026
Halo Microelectronics Co. Ltd. A
688173 · SHGVery expensive, in a downtrend
Our calculation puts a fair price 80% below what the stock costs today.
Quality 59/100
Expensive Growth (revenue 5y +32.7 %/yr in CNY)
Fair value ¥1.99 · Strongly overvalued (−79.9%)
Loss-making · -9.9% net margin (TTM)
Negative free cash flow
Trails peers (1/10)
Narrow moat 16/100
Thin data
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
57‑month range ¥7.94 – ¥44.05 · fair‑value band ¥1.32 – ¥2.49 · the ¥9.88 price screens above the ¥1.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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Company profile
Halo Microelectronics Co., Ltd. engages in the research, development, design, and sale of analog integrated circuit products worldwide.
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Its products include lithium battery faster chargers, including linear, switching, and switchable capacitor chargers; high performance DC-DC converter ICs, such as buck and boost converters; power switches; and DC-DC converters and controllers.
The company also provides power management and signal link chips, interface switch protection measures, motor drivers, camera lens management, and high-performance LDO products. Its products are used in automobiles; consumer electronics; phones and tablets; and computing and storage applications.
Halo Microelectronics Co., Ltd. was founded in 2012 and is headquartered in Foshan, China.
Stock analysis
Halo Microelectronics Co. Ltd. A (688173) currently trades at ¥9.88, while our model-based Fair Value estimate is ¥1.99, 79.9% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the data coverage at low.
Scenario range: ¥1.32 (bear) to ¥2.49 (bull), the price of ¥9.88 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 59/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Halo Microelectronics Co. Ltd. A reported revenue of 939M CNY in FY2025 versus 463M CNY in FY2021, a compound +19.4%/yr. Reported net income was −114M CNY in FY2025.
Key figures
Market cap 4.1B CNY (≈ $612M) Small · P/S ratio 4.35 · EPS (TTM) ¥−0.2300 · Dividend yield 0.0% · Net margin −9.9% · Return on equity −7.8% · Return on assets (EBIT) −5.7% · Operating margin −8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −80%, 688173 screens richer than that median.
Fair Value models
Bear ¥1.32
Fair Value ¥1.99
Bull ¥2.49
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.
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
NCAV (Graham)
¥1.32
¥1.99
¥2.49
52
All 1 models by family
Asset-Based
NCAV (Graham)
¥1.32
¥1.99
¥2.49
52
Quality Score breakdown
Overall quality
59/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability
12
How much profit the company makes from its sales and capital
Quality Growth
88
Are margins and returns getting better?
Cashflow
21
Do the profits arrive as real cash?
Financial strength
99
Debt, balance sheet and risk of trouble
Investment
86
Does it invest with discipline instead of growing at any price?
Low Volatility
43
How calm the share price moves, does not count
Momentum
15
Price trend of the last 3 to 12 months, does not count
Near the 52-week high
0
Distance to the 52-week high, does not count
New shares
76
Buys back shares or issues new ones?
Revenue & earnings trend
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.
44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+72.2%
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.
+18.9%
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.
+32.7%
Start year 2020 (pandemic)
Revenue growth 6 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.
+41.8%
’19
’20
’21
’22
’23
’24
’25
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.
−62.9% (2020) → −13.9% (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
not computed
688173 screens overvalued: fair value 80% below the price. Compare with Amphenol Corporation →
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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.Electronic Components · 655 stocks
Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation Multiplesvs Electronic Components median · lower = cheaper
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/B ratio by industry
- Net margin by industry
- Undervalued stocks: Chinese Stocks
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
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Amphenol Corporation APH | $80.96 | $83.42 | +3% | vs 688173 |
| TE Connectivity plc TEL | $221.24 | $224.30 | +1% | vs 688173 |
| Asia Vital Components Co 3017 | 3,130 TWD | 2,737 TWD | −13% | vs 688173 |
| Shengyi Technology Co 600183 | ¥97.61 | ¥66.42 | −32% | vs 688173 |
| Flex Ltd FLEX | $93.03 | $50.74 | −45% | vs 688173 |
| Celestica Inc CLS | $276.54 | $109.91 | −60% | vs 688173 |
| Luxshare Precision Industry Co 002475 | ¥48.80 | ¥18.44 | −62% | vs 688173 |
| Delta Electronics, Inc 2308 | 1,550 TWD | 519.57 TWD | −66% | vs 688173 |
| Corning Incorporated GLW | $126.30 | $33.72 | −73% | vs 688173 |
| Samsung Electro-Mechanics Co 009150 | 1,293,000 KRW | 171,572 KRW | −87% | vs 688173 |
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Frequently asked questions
Is Halo Microelectronics Co. Ltd. A (688173) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of ¥1.99 versus a price of ¥9.88, about −80% upside (overvalued).
What is the fair value of 688173?
Our model-based fair value for Halo Microelectronics Co. Ltd. A is ¥1.99 (as of Oct 30, 2026), built from audited fundamentals. The current price: ¥9.88.
What is the quality score of 688173?
Halo Microelectronics Co. Ltd. A has a Quality Score of 59/100. 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 Halo Microelectronics Co. Ltd. A (688173)?
Our model-based price target is the fair value of ¥1.99 (as of Oct 30, 2026) from 1 valuation models. Cautious scenario ¥1.32, optimistic scenario ¥2.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Halo Microelectronics Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥1.99, about −80% upside versus a price of ¥9.88 (overvalued). Cautious scenario ¥1.32, optimistic scenario ¥2.49. The calculation is refreshed regularly with new filings.
What is the revenue of Halo Microelectronics Co. Ltd. A (688173)?
Halo Microelectronics Co. Ltd. A reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Oct 30, 2026).
Does Halo Microelectronics Co. Ltd. A pay a dividend?
Halo Microelectronics Co. Ltd. A currently shows a dividend yield of 0.02% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of Halo Microelectronics Co. Ltd. A (688173)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Halo Microelectronics Co. Ltd. A it is ¥1.99 per share (as of Oct 30, 2026), against a price of ¥9.88. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Halo Microelectronics Co. Ltd. A stock overvalued or undervalued in 2026?
As of Oct 30, 2026, 688173 trades above its calculated fair value: price ¥9.88, fair value ¥1.99, a gap of about −80% (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 688173?
No. The price is what the market pays today (¥9.88); the fair value is what the company's own numbers justify (¥1.99). For Halo Microelectronics Co. Ltd. A the two are ¥7.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is Halo Microelectronics Co. Ltd. A worth?
The market values Halo Microelectronics Co. Ltd. A at about 4.1B CNY (market capitalisation, as of Oct 30, 2026). Per share that is ¥9.88; our models calculate a fair value of ¥1.99 per share.
What do the bullish and bearish scenarios say about 688173?
Our models span a range for Halo Microelectronics Co. Ltd. A: cautious scenario ¥1.32, base ¥1.99, optimistic ¥2.49 per share (as of Oct 30, 2026, price ¥9.88). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Halo Microelectronics Co. Ltd. A (688173)?
Balance-sheet figures for Halo Microelectronics Co. Ltd. A (as of Oct 30, 2026): return on equity −7.8%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 688173 from its 52-week high?
Halo Microelectronics Co. Ltd. A trades at ¥9.88, about 49% below its 52-week high of ¥19.48 and at the low of ¥9.88 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.99 is for.
Which stocks are comparable to Halo Microelectronics Co. Ltd. A?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Samsung Electro-Mechanics Co, 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 Halo Microelectronics Co. Ltd. A stock attractive at the current price?
The data as of Oct 30, 2026: price ¥9.88, calculated fair value ¥1.99 (−80%), Quality Score 59/100, from 1 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 688173 calculated?
We run Halo Microelectronics Co. Ltd. A through 1 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 ¥1.99, 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 13.4 % above its aggregate fair value. Halo Microelectronics 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 Halo Microelectronics Co. Ltd. A (688173)?
The closing price on Oct 30, 2026 was ¥9.88. Our model-based fair value is ¥1.99, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Halo Microelectronics Co. Ltd. A right now?
The price sits above even our optimistic bull case (¥2.49). 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 (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥1.32 to ¥2.49) leaves room in how you read the outcome.
Key figures of Halo Microelectronics Co. Ltd. A
How large is the market capitalisation of Halo Microelectronics Co. Ltd. A (688173)?
The market capitalisation of Halo Microelectronics Co. Ltd. A is 4.1B CNY (≈ $612M). 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 Halo Microelectronics Co. Ltd. A (688173)?
The price-to-sales ratio of Halo Microelectronics Co. Ltd. A is 4.35 (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 Halo Microelectronics Co. Ltd. A (688173)?
Earnings per share at Halo Microelectronics Co. Ltd. A are ¥−0.2300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Halo Microelectronics Co. Ltd. A (688173)?
The dividend yield of Halo Microelectronics Co. Ltd. A is 0.0%. 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 Halo Microelectronics Co. Ltd. A (688173)?
The net margin of Halo Microelectronics Co. Ltd. A is −9.9% (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 Halo Microelectronics Co. Ltd. A (688173)?
The return on equity (ROE) of Halo Microelectronics Co. Ltd. A is −7.8% (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 Halo Microelectronics Co. Ltd. A (688173)?
On an EBIT basis the return on assets of Halo Microelectronics Co. Ltd. A is −5.7% (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 Halo Microelectronics Co. Ltd. A (688173)?
The operating margin of Halo Microelectronics Co. Ltd. A is −8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Halo Microelectronics Co. Ltd. A (688173)?
Revenue at Halo Microelectronics Co. Ltd. A is growing −4.0% versus a year earlier (3y avg +18.9%). 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 Halo Microelectronics Co. Ltd. A (688173)?
Earnings per share at Halo Microelectronics Co. Ltd. A are growing +444% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Halo Microelectronics Co. Ltd. A (688173) generate?
The free cash flow of Halo Microelectronics Co. Ltd. A is −255M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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