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Kontour (Xi'an) Medical Technology Co (688314) Fair Value & Analysis

Healthcare · CN · Market cap 3.3B CNY

KX Kontour (Xi'an) Medical Technology Co 688314 · SHG
Price¥34.49
Fair Value¥26.38
Upside-23.5%
Quality69/100
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Healthy Growth
Highly profitable · 25.7% net margin
Low debt · generates free cash flow
1.34% dividend yield
Mixed vs. peers (7/14)
Wide moat 67/100
Evidence: High Range ¥17.21 – ¥31.83 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 ¥26.76 to ¥26.38 (−1.4%) since Jun 24, 2026. Share price +7.6% over the past month.

A solid business, but screening 24% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥31.83). 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.
  • A fairly wide model range (¥17.21 to ¥31.83) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥88.57 ¥16.82 Fair Value ¥26.38 May 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 ¥16.82 – ¥88.57 · fair‑value band ¥17.21 – ¥31.83 · the ¥34.49 price screens above the ¥26.38 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Kontour (Xi'an) Medical Technology Co (688314) currently trades at ¥34.49, while our model-based Fair Value estimate is ¥26.38, implying the stock looks roughly 23.5% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Healthcare 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, Kontour (Xi'an) Medical Technology Co generated revenue of 342M CNY at a net margin of 25.7%. Revenue declined 10.7% year over year. It earns a return on equity of 12.4%. The balance sheet holds a net cash position of 372M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥17.21 (bear case) to ¥31.83 (bull case); at ¥34.49, 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 41% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -24%, 688314 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥14.96 ¥25.30 ¥40.97 80
Residual Income ¥8.43 ¥10.44 ¥24.04 76
Rev-Margin DCF ¥13.96 ¥22.14 ¥33.57 74
All 26 models by family
DCF Models
FCF DCF ¥15.28 ¥24.28 ¥46.23 38
Owner Earnings ¥14.67 ¥25.04 ¥44.21 31
5Y Revenue Exit ¥13.96 ¥22.48 ¥34.59 39
5Y EBITDA Exit ¥18.30 ¥32.12 ¥50.53 41
5Y P/E Exit ¥20.72 ¥37.49 ¥58.04 38
10Y Revenue Exit ¥13.98 ¥22.40 ¥36.51 36
10Y EBITDA Exit ¥17.21 ¥29.60 ¥50.54 37
10Y P/E Exit ¥18.83 ¥33.62 ¥57.14 35
Earnings-Based
Graham-Dodd ¥8.27 ¥48.41 ¥67.38 54
Lynch FV ¥13.71 ¥19.58 ¥25.46 50
PEG = 1.0 ¥13.71 ¥19.58 ¥25.46 46
EPV ¥14.71 ¥16.37 ¥17.80 59
Dividend Discount
Gordon GGM ¥3.54 ¥7.06 ¥10.69 70
DDM Multi-Stage ¥3.54 ¥6.10 ¥7.45 61
Multiples
P/E Multiple ¥20.07 ¥26.76 ¥33.45 63
P/S Multiple ¥11.30 ¥15.06 ¥18.83 58
P/B Multiple ¥15.51 ¥20.68 ¥25.85 55
EV/EBIT ¥21.60 ¥27.41 ¥33.22 53
EV/EBITDA ¥20.54 ¥25.99 ¥31.44 54
EV/Revenue ¥13.22 ¥17.10 ¥20.97 43
Asset-Based
NCAV (Graham) ¥4.42 ¥5.92 ¥8.84 50
Growth DCF
Growth DCF ¥14.96 ¥25.30 ¥40.97 80
Rev-Margin DCF ¥13.96 ¥22.14 ¥33.57 74
Economic Profit
Residual Income ¥8.43 ¥10.44 ¥24.04 76
ROIC Compounder ¥16.66 ¥21.38 ¥27.66 72
Growth Earnings
Growth-Adj P/E ¥20.60 ¥29.43 ¥38.25 68

Widest divergence: Growth Earnings (¥29.43) versus Asset-Based (¥5.92). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 342M CNY
Revenue growth (YoY) -10.7%
Net margin 25.7%
Return on equity 12.4%
Free cash flow 66.7M CNY FY2025
P/E ratio 38.1
More key figures
Operating margin 22.7%
EPS (TTM) ¥1.07
Dividend yield 1.3%
EPS growth (YoY) -46.7%
Net cash 372M 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 69 · Market factors (momentum, volatility) 40

Profitability 63
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 83
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

Kontour (Xi'an) Medical Technology Co., Ltd. engages in the research and development, production, and sale of Class III implantable medical devices in China. The company offers products in the fields of neurosurgery cranial repair and fixation, cardiothoracic surgery sternum fixation, and maxillofacial repair.

Full company description

Kontour (Xi'an) Medical Technology Co., Ltd. engages in the research and development, production, and sale of Class III implantable medical devices in China. The company offers products in the fields of neurosurgery cranial repair and fixation, cardiothoracic surgery sternum fixation, and maxillofacial repair. It also provides oral bone repair materials, oral absorbable biofilm, implant system, and other tools. In addition, the company offers repair and fixation products that include traditional titanium materials, high-end PEEK materials, and absorbent polymer materials; PEEK4D bioactive plates; PEEK bone plates, titanium mesh plates, PEEK link plates, PEEK screws, titanium link plates, test molds, bone plugs, bone mesh, bone plug strips, disposable brain drainage devices, supporting surgical tools, and other complete products for skull repair and fixation surgery process. Kontour (Xi'an) Medical Technology Co., Ltd. was founded in 2005 and is based in Xi'an, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kontour (Xi'an) Medical Technology Co reported revenue of ¥350M in FY2025 versus ¥213M in FY2021, a compound +13.2%/yr. Reported net income was ¥98.8M in FY2025, compounding +4.9%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
350M CNY
Latest YoY
+8.6%
Avg. growth/yr (3Y)
+13.4%
Avg. growth/yr (5Y)
+16.3%
Avg. growth/yr (8Y)
+21.7%
Revenue +13.2%/yr
FY21 ¥213M
FY22 ¥240M
FY23 ¥275M
FY24 ¥322M
FY25 ¥350M
Net income +4.9%/yr
FY21 ¥81.6M
FY22 ¥75.7M
FY23 ¥75.5M
FY24 ¥88.4M
FY25 ¥98.8M

688314 screens 24% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Kontour (Xi'an) Medical Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/688314

Peer Group

Medical Devices · 351 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 −24% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 38.1× · Pricier than median
P/B 4.61× · Pricier than 75% of peers
P/S (TTM) 9.67× · Pricier than 75% of peers
P/FCF 7.4× · Pricier than median
EV/EBITDA 24.9× · 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 2 · sector 0
FUTURE 0 · sector 27
PAST 49 · sector 8
HEALTH 98 · sector 97
DIVIDEND 27 · sector 38

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

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Kontour (Xi'an) Medical Technology Co (688314) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥26.38 versus a price of ¥34.49, about −24% (overvalued).
What is the fair value of 688314?
Our model-based fair value for Kontour (Xi'an) Medical Technology Co is ¥26.38 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥34.49.
What is the quality score of 688314?
Kontour (Xi'an) Medical Technology 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 Kontour (Xi'an) Medical Technology Co (688314)?
Kontour (Xi'an) Medical Technology Co reported trailing-twelve-month revenue of about 342M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688314?
The net profit margin of Kontour (Xi'an) Medical Technology Co is about 25.7%, meaning it keeps roughly 25.7% of revenue as net income. Based on the latest reported figures.
Does Kontour (Xi'an) Medical Technology Co pay a dividend?
Kontour (Xi'an) Medical Technology Co currently shows a dividend yield of about 1.34% 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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