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Shanghai BOCHU Electronic Technology Corporation (688188) Fair Value & Analysis

Technology · CN · Market cap 46.1B CNY

SB Shanghai BOCHU Electronic Technology Corporation 688188 · SHG
Price¥105.25
Fair Value¥65.35
Upside-37.9%
Quality80/100
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Healthy Growth
Highly profitable · 52.2% net margin
generates free cash flow
1.66% dividend yield
Ranks above peers (8/13)
Wide moat 84/100
Evidence: Medium Range ¥50.93 – ¥111.41 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price +3.5% over the past month.

A strong business, but screening 38% overvalued on our models.

What matters now

  • A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (¥50.93 to ¥111.41) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥186.50 ¥84.21 Fair Value ¥65.35 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥84.21 – ¥186.50 · fair‑value band ¥50.93 – ¥111.41 · the ¥105.25 price screens above the ¥65.35 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Shanghai BOCHU Electronic Technology Corporation (688188) currently trades at ¥105.25, while our model-based Fair Value estimate is ¥65.35, implying the stock looks roughly 37.9% overvalued today. The Quality Score stands at 80/100 (high 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: medium).

Over the trailing twelve months, Shanghai BOCHU Electronic Technology Corporation generated revenue of 2.2B CNY at a net margin of 52.2%. Revenue grew 10.5% year over year. It earns a return on equity of 19.5%. The balance sheet holds a net cash position of 2.2B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥50.93 (bear case) to ¥111.41 (bull case); at ¥105.25, the current price sits within 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -38%, 688188 screens cheaper 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥24.91 ¥31.40 ¥90.82 76
Growth DCF ¥65.79 ¥123.33 ¥217.61 72
Gordon GGM ¥20.20 ¥42.00 ¥66.62 70
All 26 models by family
DCF Models
FCF DCF ¥69.48 ¥105.11 ¥218.55 38
Owner Earnings ¥67.58 ¥144.41 ¥305.67 31
5Y Revenue Exit ¥35.10 ¥49.10 ¥77.89 39
5Y EBITDA Exit ¥57.04 ¥93.47 ¥164.85 41
5Y P/E Exit ¥67.72 ¥142.02 ¥243.24 38
10Y Revenue Exit ¥44.96 ¥75.36 ¥90.13 36
10Y EBITDA Exit ¥61.57 ¥122.61 ¥227.25 37
10Y P/E Exit ¥69.36 ¥145.60 ¥270.84 35
Earnings-Based
Graham-Dodd ¥26.02 ¥181.48 ¥254.68 54
Lynch FV ¥85.00 ¥121.43 ¥157.85 50
PEG = 1.0 ¥85.00 ¥121.43 ¥157.85 46
EPV ¥43.84 ¥49.92 ¥55.23 59
Dividend Discount
Gordon GGM ¥20.20 ¥42.00 ¥66.62 70
DDM Multi-Stage ¥20.20 ¥35.41 ¥44.08 61
Multiples
P/E Multiple ¥57.40 ¥76.54 ¥95.67 63
P/S Multiple ¥14.21 ¥18.95 ¥23.69 58
P/B Multiple ¥47.28 ¥63.04 ¥78.80 55
EV/EBIT ¥65.50 ¥84.88 ¥104.26 53
EV/EBITDA ¥50.63 ¥65.05 ¥79.47 54
EV/Revenue ¥20.63 ¥26.31 ¥32.00 43
Asset-Based
NCAV (Graham) ¥10.51 ¥14.08 ¥21.01 50
Growth DCF
Growth DCF ¥65.79 ¥123.33 ¥217.61 72
Rev-Margin DCF ¥37.11 ¥55.22 ¥92.22 67
Economic Profit
Residual Income ¥24.91 ¥31.40 ¥90.82 76
ROIC Compounder ¥56.98 ¥87.00 ¥116.83 67
Growth Earnings
Growth-Adj P/E ¥111.53 ¥159.33 ¥207.12 68

Widest divergence: Growth Earnings (¥159.33) versus Asset-Based (¥14.08). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 2.2B CNY
Revenue growth (YoY) +10.5%
Net margin 52.2%
Return on equity 19.5%
Free cash flow 1.1B CNY FY2025
P/E ratio 39.3
More key figures
Operating margin 59.4%
EPS (TTM) ¥4.05
Dividend yield 1.7%
EPS growth (YoY) +23.9%
Net cash 2.2B CNY FY2024

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

Quality Score breakdown

Overall quality 80/100

Of which business quality 78 · Market factors (momentum, volatility) 27

Profitability 68
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 80
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

Shanghai BOCHU Electronic Technology Corporation Limited, together with its subsidiaries, engages in the research, development, production, and sale of laser processing automation products in China and internationally. The company operates through four segments: Planar Solutions, Pipe Solutions, 3D Solutions, and others.

Full company description

Shanghai BOCHU Electronic Technology Corporation Limited, together with its subsidiaries, engages in the research, development, production, and sale of laser processing automation products in China and internationally. The company operates through four segments: Planar Solutions, Pipe Solutions, 3D Solutions, and others. It offers high and low power cutting controllers; heavy tube cutting controllers; plane bevel and structural steel cutting controllers; intelligent welding system; 2D cutting head; and servo set. The company also provides industrial software, including TubesT, a 3D tube nesting software for CypTube/TubePro laser cutting system; and CypNesT, a nesting software for CypCut/HypCut sheet laser cutting system. In addition, it is involved in enterprise management; technical services; sale of electronic products; automation control equipment; and mechanical parts processing. The company was founded in 2007 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai BOCHU Electronic Technology Corporation reported revenue of ¥2.2B in FY2025 versus ¥913M in FY2021, a compound +24.5%/yr. Reported net income was ¥1.1B in FY2025, compounding +19.1%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.2B CNY
Latest YoY
+26.5%
Avg. growth/yr (3Y)
+34.7%
Avg. growth/yr (5Y)
+30.9%
Avg. growth/yr (9Y)
+37.8%
Revenue +24.5%/yr
FY21 ¥913M
FY22 ¥898M
FY23 ¥1.4B
FY24 ¥1.7B
FY25 ¥2.2B
Net income +19.1%/yr
FY21 ¥550M
FY22 ¥480M
FY23 ¥729M
FY24 ¥883M
FY25 ¥1.1B

688188 screens 38% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Shanghai BOCHU Electronic Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/688188

Peer Group

Semiconductors · 319 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 80 · Top 25%
Fair Value upside −38% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 52% · Top 25%
Operating margin (TTM) 59% · Top 25%
Revenue growth 11% · Below median
Dividend yield (TTM) 1.7% · Above median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 39.3× · Cheaper than median
P/B 7.58× · Pricier than 75% of peers
P/S (TTM) 20.53× · Pricier than 75% of peers
P/FCF 6.4× · Pricier than median
EV/EBITDA 36.2× · Pricier than median

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 53 · sector 60
PAST 78 · sector 24
HEALTH 0 · sector 97
DIVIDEND 33 · sector 22

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Shanghai BOCHU Electronic Technology Corporation (688188) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥65.35 versus a price of ¥105.25, about −38% (overvalued).
What is the fair value of 688188?
Our model-based fair value for Shanghai BOCHU Electronic Technology Corporation is ¥65.35 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥105.25.
What is the quality score of 688188?
Shanghai BOCHU Electronic Technology Corporation has a Quality Score of 80/100. 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 Shanghai BOCHU Electronic Technology Corporation (688188)?
Shanghai BOCHU Electronic Technology Corporation reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688188?
The net profit margin of Shanghai BOCHU Electronic Technology Corporation is about 52.2%, meaning it keeps roughly 52.2% of revenue as net income. Based on the latest reported figures.
Does Shanghai BOCHU Electronic Technology Corporation pay a dividend?
Shanghai BOCHU Electronic Technology Corporation currently shows a dividend yield of about 1.66% relative to its recent price (as of Jul 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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