Beijing Huafeng Test & Control Technology Co (688200) Fair Value & Analysis
Technology · CN · Market cap 84.0B CNY
Fair value as of: Aug 12, 2026
From 26 valuation models · updated today
Fair value updated Aug 12, 2026, revised from ¥45.83 to ¥45.79 (−0.1%) since Jul 12, 2026. Share price −17.6% over the past month.
A solid business, but screening 89% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥56.75). The favourable scenario is already priced in.
- Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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
60‑month range ¥70.44 – ¥543.00 · fair‑value band ¥32.25 – ¥56.75 · the ¥416.30 price screens above the ¥45.79 fair value. Dashed = 300-day average. As of Aug 12, 2026.
Analysis
Beijing Huafeng Test & Control Technology Co (688200) currently trades at ¥416.30, while our model-based Fair Value estimate is ¥45.79, implying the stock looks roughly 89.0% overvalued today. The Quality Score stands at 66/100 (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, Beijing Huafeng Test & Control Technology Co generated revenue of 1.4B CNY at a net margin of 40.0%. Revenue grew 37.5% year over year. It earns a return on equity of 14.5%. The stock trades on a trailing P/E of 106.4. Fundamentals as of Aug 12, 2026
Our scenario range runs from ¥32.25 (bear case) to ¥56.75 (bull case); at ¥416.30, 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 17% below its 52-week high and 224% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -89%, 688200 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.
All 26 models by family
Widest divergence: Growth Earnings (¥110.13) versus Dividend Discount (¥8.14). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 63
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
Beijing Huafeng Test & Control Technology Co.,Ltd. engages in the research and development, production, and sale of semiconductor automated test systems and accessories in China, Taiwan, the United States, Europe, Japan, South Korea, Southeast Asia, and internationally.
Full company description
Beijing Huafeng Test & Control Technology Co.,Ltd. engages in the research and development, production, and sale of semiconductor automated test systems and accessories in China, Taiwan, the United States, Europe, Japan, South Korea, Southeast Asia, and internationally. Its products include STS8200 for use in the testing of analog, hybrid, and power integrated circuits, such as power management, signal chain, smart power modules, third-generation compound semiconductors, GaN, etc.; STS8300 for use in the power management and mixed-signal integrated circuit testing for pin count, performance, and various stations; and power module test products for high-power IGBT/SiC power modules and KGD tests. The company serves customers in the fields of integrated circuit design, IDM, wafer manufacturing, packaging. and testing. The company was founded in 1993 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Beijing Huafeng Test & Control Technology Co reported revenue of ¥1.3B in FY2025 versus ¥878M in FY2021, a compound +11.3%/yr. Reported net income was ¥536M in FY2025, compounding +5.1%/yr from FY2021.
688200 screens 89% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 215 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.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Piotech Inc 688072 | ¥832.00 | ¥431.44 | -48% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
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Frequently asked questions
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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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