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Jiangsu Cai Qin Technology Co (688182) Fair Value & Analysis

Technology · CN · Market cap 10.4B CNY

JC Jiangsu Cai Qin Technology Co 688182 · SHG
Price¥26.06
Fair Value¥6.01
Upside-76.9%
Quality58/100
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Weak Growth
Solidly profitable · 11.7% net margin
negative free cash flow
0.38% dividend yield
Mixed vs. peers (5/12)
Narrow moat 41/100
Evidence: High Range ¥4.50 – ¥7.51 Share as image

Fair value as of: Aug 12, 2026

From 16 valuation models · updated today

Share price −30.2% 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 (¥7.51). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥44.89 ¥9.34 Fair Value ¥6.01 Nov 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

57‑month range ¥9.34 – ¥44.89 · fair‑value band ¥4.50 – ¥7.51 · the ¥26.06 price screens above the ¥6.01 fair value. Dashed = 300-day average. As of Aug 12, 2026.

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Analysis

Jiangsu Cai Qin Technology Co (688182) currently trades at ¥26.06, while our model-based Fair Value estimate is ¥6.01, implying the stock looks roughly 76.9% overvalued today. The Quality Score stands at 58/100 (solid 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, Jiangsu Cai Qin Technology Co generated revenue of 846M CNY at a net margin of 11.7%. Revenue grew 98.0% year over year. It earns a return on equity of 4.4%. The balance sheet holds a net cash position of 244M CNY. Fundamentals as of Aug 12, 2026

Our scenario range runs from ¥4.50 (bear case) to ¥7.51 (bull case); at ¥26.06, 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 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -77%, 688182 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 (¥1.21 to ¥13.90). 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
Residual Income ¥4.39 ¥4.46 ¥4.33 76
Gordon GGM ¥0.6900 ¥1.44 ¥2.28 70
Growth-Adj P/E ¥5.52 ¥7.88 ¥10.25 68
All 16 models by family
Earnings-Based
Graham-Dodd ¥2.04 ¥13.90 ¥19.49 54
Lynch FV ¥4.08 ¥5.83 ¥7.58 50
PEG = 1.0 ¥4.08 ¥5.83 ¥7.58 46
EPV ¥3.54 ¥4.02 ¥4.43 59
Dividend Discount
Gordon GGM ¥0.6900 ¥1.44 ¥2.28 70
DDM Multi-Stage ¥0.6900 ¥1.21 ¥1.51 61
Multiples
P/E Multiple ¥4.50 ¥6.01 ¥7.51 63
P/S Multiple ¥3.39 ¥4.52 ¥5.65 58
P/B Multiple ¥3.83 ¥5.11 ¥6.38 55
EV/EBIT ¥5.44 ¥7.02 ¥8.61 53
EV/EBITDA ¥5.32 ¥6.87 ¥8.42 54
EV/Revenue ¥3.84 ¥5.20 ¥6.55 43
Asset-Based
NCAV (Graham) ¥2.84 ¥3.81 ¥5.68 50
Economic Profit
Residual Income ¥4.39 ¥4.46 ¥4.33 76
ROIC Compounder ¥3.54 ¥4.02 ¥4.43 67
Growth Earnings
Growth-Adj P/E ¥5.52 ¥7.88 ¥10.25 68

Widest divergence: Growth Earnings (¥7.88) versus Dividend Discount (¥1.21). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 846M CNY
Revenue growth (YoY) +98.0%
Net margin 11.7%
Return on equity 4.4%
Free cash flow −386M CNY FY2025
P/E ratio 108.6
More key figures
Operating margin 11.6%
EPS (TTM) ¥0.2400
Dividend yield 0.4%
EPS growth (YoY) -93.2%
Net cash 244M CNY FY2024

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 33

Profitability 39
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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

Jiangsu Cai Qin Technology Co., Ltd engages in the research and development, production, and sale of microwave dielectric ceramic components and in China and internationally. It produces dielectric filters, resonators, duplexers, aerospace products, and multiplexers, and satellite timing antennas.

Full company description

Jiangsu Cai Qin Technology Co., Ltd engages in the research and development, production, and sale of microwave dielectric ceramic components and in China and internationally. It produces dielectric filters, resonators, duplexers, aerospace products, and multiplexers, and satellite timing antennas. The company serves mobile communications, satellite, navigation and positioning, satellite communications, aerospace, electronic devices, internet of everything, automotive industry, and other fields. Jiangsu Cai Qin Technology Co., Ltd was founded in 2004 and is based in JiangSu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Cai Qin Technology Co reported revenue of ¥724M in FY2025 versus ¥334M in FY2021, a compound +21.4%/yr. Reported net income was ¥120M in FY2025, compounding +8.2%/yr from FY2021.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
724M CNY
Latest YoY
+76.1%
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.
+28.0%
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.
−7.0%
Avg. growth/yr (8Y) 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.
+25.1%
Revenue +21.4%/yr
FY21 ¥334M
FY22 ¥345M
FY23 ¥370M
FY24 ¥411M
FY25 ¥724M
Net income +8.2%/yr
FY21 ¥87.5M
FY22 ¥78.6M
FY23 ¥46.7M
FY24 ¥57.8M
FY25 ¥120M

688182 screens 77% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Jiangsu Cai Qin Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/688182

Peer Group

Electronic Components · 631 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 58 · Above median
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 98% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 108.6× · Pricier than 75% of peers
P/B 4.58× · Pricier than 75% of peers
P/S (TTM) 12.32× · Pricier than 75% of peers
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 100 · sector 32
PAST 18 · sector 24
HEALTH 0 · sector 95
DIVIDEND 8 · sector 24

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Jiangsu Cai Qin Technology Co (688182) overvalued or undervalued?
As of Aug 12, 2026, our model estimates a fair value of ¥6.01 versus a price of ¥26.06, about −77% (overvalued).
What is the fair value of 688182?
Our model-based fair value for Jiangsu Cai Qin Technology Co is ¥6.01 (as of Aug 12, 2026), built from audited fundamentals. The current price is ¥26.06.
What is the quality score of 688182?
Jiangsu Cai Qin Technology Co has a Quality Score of 58/100. 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 Jiangsu Cai Qin Technology Co (688182)?
Jiangsu Cai Qin Technology Co reported trailing-twelve-month revenue of about 846M CNY (latest available figure, as of Aug 12, 2026).
What is the net profit margin of 688182?
The net profit margin of Jiangsu Cai Qin Technology Co is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Cai Qin Technology Co pay a dividend?
Jiangsu Cai Qin Technology Co currently shows a dividend yield of about 0.29% 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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