Great Microwave Technology Co. Ltd. A (688270) Fair Value & Analysis
Technology · CN · Market cap 19.5B CNY
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Strengths
Risks
Fair value as of: Aug 24, 2026
From 26 valuation models · updated yesterday
Share price −4.4% over the past month.
A strong business, but trading 404% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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.
- The price sits above even our optimistic bull case (¥14.02). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.
How to read this chart
55‑month range ¥13.88 – ¥154.96 · fair‑value band ¥9.02 – ¥14.02 · the ¥58.79 price screens above the ¥11.67 fair value. Dashed = 300-day average. As of Aug 24, 2026.
Analysis
Great Microwave Technology Co. Ltd. A (688270) currently trades at ¥58.79, while our model-based Fair Value estimate is ¥11.67, implying the stock looks roughly 80.2% 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: high).
Over the trailing twelve months, Great Microwave Technology Co. Ltd. A generated revenue of 480M CNY at a net margin of 31.3%. Revenue grew 67.0% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of 684M CNY. Fundamentals as of Aug 24, 2026
Our scenario range runs from ¥9.02 (bear case) to ¥14.02 (bull case); at ¥58.79, 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 74% below its 52-week high and 41% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at -80%, 688270 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 (¥22.48) versus Dividend Discount (¥1.40). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 39
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Great Microwave Technology Co., Ltd. engages in the research and development, production, and sale of integrated circuit chips and microsystems in China.
Full company description
Great Microwave Technology Co., Ltd. engages in the research and development, production, and sale of integrated circuit chips and microsystems in China. The company offers terminal radio frequency (RF) front-end chips, including terminal power amplifiers, low-noise amplifiers, and RF switches for use in wireless communication terminals, such as ad hoc networks, radios, digital intercoms, and navigation. It also provides Microsystems and modules that used in various phased array payload systems comprising spaceborne, ground-based, vehicle-mounted, and shipborne systems; and RF chips, microsystems, and modules for communications and radar industries. In addition, the company offers RF transceiver chips and ADC/DAC chips used in digital phased array systems, mobile communication systems, satellite internet, and other wireless communication terminals and communication radar systems, as well as power chips. It also provides technical services. The company was founded in 2015 and is headquartered in Hangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Great Microwave Technology Co. Ltd. A reported revenue of ¥432M in FY2025 versus ¥191M in FY2021, a compound +22.7%/yr. Reported net income was ¥133M in FY2025, compounding +7.7%/yr from FY2021.
688270 screens 80% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 330 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 Semiconductors 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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $225.01 | $98.98 | -56% |
| Taiwan Semiconductor Manufacturing Company TSM | $429.15 | $291.42 | -32% |
| Broadcom Inc AVGO | $416.05 | $118.27 | -72% |
| SK hynix Inc 000660 | 1,504,000 KRW | 1,481,291 KRW | -2% |
| Micron Technology, Inc MU | $911.29 | $148.38 | -84% |
| Advanced Micro Devices, Inc AMD | $469.46 | $55.02 | -88% |
| Intel Corporation INTC | $92.80 | $35.41 | -62% |
| Texas Instruments Incorporated TXN | $276.59 | $78.54 | -72% |
| QUALCOMM Incorporated QCOM | $160.19 | $147.20 | -8% |
| MediaTek Inc 2454 | 3,845 TWD | 1,559 TWD | -59% |
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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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