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Chengdu KSW Technologies Co (688283) Fair Value & Analysis

Technology · CN · Market cap 4.4B CNY

CK Chengdu KSW Technologies Co 688283 · SHG
Price¥28.18
Fair Value¥13.82
Upside-50.9%
Quality69/100
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Healthy Growth
Highly profitable · 21.0% net margin
generates free cash flow
0.74% dividend yield
Trails peers (4/12)
Narrow moat 40/100
Evidence: High Range ¥11.41 – ¥17.28 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥10.25 to ¥13.82 (+34.9%) since Jun 24, 2026. Share price −7.8% over the past month.

A solid business, but screening 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥17.28). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥58.87 ¥15.99 Fair Value ¥13.82 Feb 2022 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

54‑month range ¥15.99 – ¥58.87 · fair‑value band ¥11.41 – ¥17.28 · the ¥28.18 price screens above the ¥13.82 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Chengdu KSW Technologies Co (688283) currently trades at ¥28.18, while our model-based Fair Value estimate is ¥13.82, implying the stock looks roughly 50.9% overvalued today. The Quality Score stands at 69/100 (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, Chengdu KSW Technologies Co generated revenue of 247M CNY at a net margin of 21.0%. Revenue grew 15.5% year over year. It earns a return on equity of 5.3%. The balance sheet holds a net cash position of 679M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥11.41 (bear case) to ¥17.28 (bull case); at ¥28.18, 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 52% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -51%, 688283 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 ¥6.12 ¥6.18 ¥5.80 76
Growth DCF ¥8.06 ¥12.23 ¥20.32 72
Gordon GGM ¥2.27 ¥4.52 ¥6.84 70
All 26 models by family
DCF Models
FCF DCF ¥8.38 ¥11.41 ¥20.69 38
Owner Earnings ¥9.10 ¥16.61 ¥31.79 31
5Y Revenue Exit ¥6.97 ¥10.02 ¥16.13 39
5Y EBITDA Exit ¥7.83 ¥11.82 ¥19.35 41
5Y P/E Exit ¥8.57 ¥15.10 ¥23.74 38
10Y Revenue Exit ¥7.24 ¥11.70 ¥15.61 36
10Y EBITDA Exit ¥7.98 ¥13.39 ¥23.51 37
10Y P/E Exit ¥8.50 ¥14.85 ¥26.18 35
Earnings-Based
Graham-Dodd ¥2.61 ¥18.21 ¥25.55 54
Lynch FV ¥6.04 ¥8.62 ¥11.21 50
PEG = 1.0 ¥6.04 ¥8.62 ¥11.21 46
EPV ¥5.87 ¥6.33 ¥6.73 59
Dividend Discount
Gordon GGM ¥2.27 ¥4.52 ¥6.84 70
DDM Multi-Stage ¥2.27 ¥3.90 ¥4.77 61
Multiples
P/E Multiple ¥5.76 ¥7.68 ¥9.60 63
P/S Multiple ¥3.74 ¥4.98 ¥6.23 58
P/B Multiple ¥4.90 ¥6.53 ¥8.16 55
EV/EBIT ¥7.78 ¥9.40 ¥11.02 53
EV/EBITDA ¥7.64 ¥9.22 ¥10.79 54
EV/Revenue ¥6.20 ¥7.60 ¥9.00 43
Asset-Based
NCAV (Graham) ¥4.05 ¥5.42 ¥8.09 50
Growth DCF
Growth DCF ¥8.06 ¥12.23 ¥20.32 72
Rev-Margin DCF ¥6.97 ¥10.91 ¥17.00 67
Economic Profit
Residual Income ¥6.12 ¥6.18 ¥5.80 76
ROIC Compounder ¥5.87 ¥6.33 ¥6.73 67
Growth Earnings
Growth-Adj P/E ¥7.82 ¥11.18 ¥14.53 68

Widest divergence: DCF Models (¥11.82) versus Dividend Discount (¥3.90). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 247M CNY
Revenue growth (YoY) +15.5%
Net margin 21.0%
Return on equity 5.3%
Free cash flow 42.2M CNY FY2025
P/E ratio 81.9
More key figures
Operating margin -0.4%
EPS (TTM) ¥0.4400
Dividend yield 0.7%
EPS growth (YoY) +3.0%
Net cash 679M CNY FY2024

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 70 · Market factors (momentum, volatility) 33

Profitability 38
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 74
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

Chengdu KSW Technologies Co.,Ltd. engages in the research and development, manufacture, and sale of wireless channel emulators and radio frequency microwave signal generator products in China.

Full company description

Chengdu KSW Technologies Co.,Ltd. engages in the research and development, manufacture, and sale of wireless channel emulators and radio frequency microwave signal generator products in China. The company provides 5G test, automated test, MIMO V2X test, wireless communication network test, radio signal acquisition and playback system solution, communication channel simulation test, and equipment performance evaluation system solutions. In addition, it offers wireless channel emulator, vector signal generator, spectrum/vector signal analyzers, vector signal transceiver, radio comprehensive tester, telemetry remote control receiver, HBI high-speed bus and modules, and special instrument. It serves mobile communication operators, equipment manufacturers, radio research institutes, aerospace science and industry, and scientific research industries. The company was founded in 2010 and is headquartered in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chengdu KSW Technologies Co reported revenue of ¥243M in FY2025 versus ¥163M in FY2021, a compound +10.5%/yr. Reported net income was ¥46.8M in FY2025, compounding −2.0%/yr from FY2021.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
243M CNY
Latest YoY
+7.1%
Avg. growth/yr (3Y)
+3.3%
Avg. growth/yr (5Y)
+13.3%
Avg. growth/yr (11Y)
+34.3%
Revenue +10.5%/yr
FY21 ¥163M
FY22 ¥220M
FY23 ¥254M
FY24 ¥227M
FY25 ¥243M
Net income −2.0%/yr
FY21 ¥50.7M
FY22 ¥81.2M
FY23 ¥87.1M
FY24 ¥37.0M
FY25 ¥46.8M

688283 screens 51% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Chengdu KSW Technologies Co Fair Value". https://www.fairvalue-calculator.com/stock/688283

Peer Group

Communication Equipment · 290 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 69 · Top 25%
Fair Value upside −51% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) -0% · Below median
Revenue growth 16% · Above median
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 81.9× · Pricier than 75% of peers
P/B 4.45× · Pricier than 75% of peers
P/S (TTM) 17.74× · Pricier than 75% of peers
P/FCF 15.4× · 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 78 · sector 30
PAST 21 · sector 15
HEALTH 0 · sector 98
DIVIDEND 15 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Chengdu KSW Technologies Co (688283) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥13.82 versus a price of ¥28.18, about −51% (overvalued).
What is the fair value of 688283?
Our model-based fair value for Chengdu KSW Technologies Co is ¥13.82 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥28.18.
What is the quality score of 688283?
Chengdu KSW Technologies Co has a Quality Score of 69/100. 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 Chengdu KSW Technologies Co (688283)?
Chengdu KSW Technologies Co reported trailing-twelve-month revenue of about 247M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688283?
The net profit margin of Chengdu KSW Technologies Co is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.
Does Chengdu KSW Technologies Co pay a dividend?
Chengdu KSW Technologies Co currently shows a dividend yield of about 0.74% 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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