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Shenzhen S-king Intelligent Equipment Co (688328) Fair Value & Analysis

Industrials · CN · Market cap 6.3B CNY

SS Shenzhen S-king Intelligent Equipment Co 688328 · SHG
Price¥73.89
Fair Value¥37.52
Upside-49.2%
Quality66/100
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Weak Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
0.24% dividend yield
Trails peers (3/14)
Narrow moat 41/100
Evidence: High Range ¥28.14 – ¥46.90 Share as image

Fair value as of: Aug 7, 2026

From 26 valuation models · updated today

Fair value updated Aug 7, 2026, revised from ¥5.56 to ¥37.52 (+574.8%) since Jul 12, 2026. Share price −7.7% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥46.90). 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.
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Price vs Fair Value (5 years)

¥118.23 ¥11.31 Fair Value ¥37.52 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range ¥11.31 – ¥118.23 · fair‑value band ¥28.14 – ¥46.90 · the ¥73.89 price screens above the ¥37.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Shenzhen S-king Intelligent Equipment Co (688328) currently trades at ¥73.89, while our model-based Fair Value estimate is ¥37.52, implying the stock looks roughly 49.2% overvalued today. We read business quality at 66/100 (solid quality), in the Industrials 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, Shenzhen S-king Intelligent Equipment Co generated revenue of 682M CNY at a net margin of 5.5%. Revenue grew 5.2% year over year. It earns a return on equity of 5.3%. Net debt stands at 15.9M CNY. Fundamentals as of Aug 7, 2026

Our scenario range runs from ¥28.14 (bear case) to ¥46.90 (bull case); at ¥73.89, 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 13% below its 52-week high and 272% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -49%, 688328 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 ¥113.55 ¥195.32 ¥330.39 80
Residual Income ¥44.39 ¥42.76 ¥35.33 76
Rev-Margin DCF ¥59.89 ¥88.42 ¥126.51 74
All 26 models by family
DCF Models
FCF DCF ¥115.39 ¥207.92 ¥368.40 38
Owner Earnings ¥43.40 ¥75.18 ¥130.40 31
5Y Revenue Exit ¥59.89 ¥87.85 ¥123.75 39
5Y EBITDA Exit ¥67.47 ¥103.92 ¥148.38 41
5Y P/E Exit ¥59.04 ¥86.08 ¥115.89 38
10Y Revenue Exit ¥77.09 ¥110.44 ¥158.43 36
10Y EBITDA Exit ¥82.97 ¥122.05 ¥179.10 37
10Y P/E Exit ¥77.45 ¥109.09 ¥151.78 35
Earnings-Based
Graham-Dodd ¥12.74 ¥64.63 ¥89.27 54
Lynch FV ¥17.56 ¥25.06 ¥32.56 50
PEG = 1.0 ¥17.56 ¥25.06 ¥32.56 46
EPV ¥23.36 ¥26.19 ¥28.60 59
Dividend Discount
Gordon GGM ¥4.88 ¥9.70 ¥14.65 70
DDM Multi-Stage ¥4.88 ¥8.35 ¥10.19 61
Multiples
P/E Multiple ¥28.10 ¥37.52 ¥46.86 63
P/S Multiple ¥23.93 ¥31.86 ¥39.86 58
P/B Multiple ¥23.93 ¥31.86 ¥39.86 55
EV/EBIT ¥46.51 ¥60.10 ¥73.77 53
EV/EBITDA ¥47.22 ¥61.09 ¥74.97 54
EV/Revenue ¥33.20 ¥45.02 ¥56.78 43
Asset-Based
NCAV (Graham) ¥31.15 ¥41.70 ¥62.23 50
Growth DCF
Growth DCF ¥113.55 ¥195.32 ¥330.39 80
Rev-Margin DCF ¥59.89 ¥88.42 ¥126.51 74
Economic Profit
Residual Income ¥44.39 ¥42.76 ¥35.33 76
ROIC Compounder ¥23.36 ¥26.19 ¥28.60 72
Growth Earnings
Growth-Adj P/E ¥25.91 ¥37.10 ¥48.21 68

Widest divergence: DCF Models (¥103.92) versus Dividend Discount (¥8.35). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 682M CNY
Revenue growth (YoY) +5.2%
Net margin 5.5%
Return on equity 5.3%
Free cash flow 116M CNY FY2025
P/E ratio 167.5
More key figures
Operating margin 17.0%
EPS (TTM) ¥0.4000
Dividend yield 0.2%
EPS growth (YoY) +93.3%
Net debt 15.9M CNY FY2024

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 74

Profitability 22
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 42
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

Shenzhen S-king Intelligent Equipment Co., Ltd. engages in the research and development, production, and sale of intelligent equipment in the People's Republic of China.

Full company description

Shenzhen S-king Intelligent Equipment Co., Ltd. engages in the research and development, production, and sale of intelligent equipment in the People's Republic of China. The company offers 3C display panels, such as smartphones/wearables, on-board central control, smart home/TV, VR/AR, electronic tags/E-books, and fingerprint sensor chips; semiconductor field, including DDR turret, Pick&Place, and Gravity-based test handlers. It also offers automated components, such as linear motor module, locating workbench, non-standard customized, platform, and optional accessories. The company offers products for display panel manufacturers, consumer electronics manufacturers, semiconductor packaging and testing manufacturers, and other enterprises. Shenzhen S-king Intelligent Equipment Co., Ltd. was founded in 2004 and is headquartered in Shenzhen, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen S-king Intelligent Equipment Co reported revenue of ¥673M in FY2025 versus ¥911M in FY2021, a compound −7.3%/yr. Reported net income was ¥25.0M in FY2025, compounding −18.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
673M CNY
Latest YoY
+32.1%
Avg. growth/yr (3Y)
+4.5%
Avg. growth/yr (5Y)
+0.7%
Avg. growth/yr (13Y)
+19.6%
Revenue −7.3%/yr
FY21 ¥911M
FY22 ¥589M
FY23 ¥558M
FY24 ¥509M
FY25 ¥673M
Net income −18.1%/yr
FY21 ¥55.7M
FY22 −¥35.8M
FY23 −¥116M
FY24 −¥106M
FY25 ¥25.0M

688328 screens 49% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Shenzhen S-king Intelligent Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/688328

Peer Group

Specialty Industrial Machinery · 809 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 65 · Top 25%
Fair Value upside −49% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 17% · Top 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 167.5× · Pricier than 75% of peers
P/B 7.62× · Pricier than 75% of peers
P/S (TTM) 9.28× · Pricier than 75% of peers
P/FCF 8.1× · Pricier than median
EV/EBITDA 83.6× · 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 0 · sector 0
FUTURE 26 · sector 23
PAST 21 · sector 28
HEALTH 94 · sector 96
DIVIDEND 5 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Shenzhen S-king Intelligent Equipment Co (688328) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of ¥37.52 versus a price of ¥73.89, about −49% (overvalued).
What is the fair value of 688328?
Our model-based fair value for Shenzhen S-king Intelligent Equipment Co is ¥37.52 (as of Aug 7, 2026), built from audited fundamentals. The current price is ¥73.89.
What is the quality score of 688328?
Shenzhen S-king Intelligent Equipment Co has a Quality Score of 66/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Shenzhen S-king Intelligent Equipment Co (688328)?
Shenzhen S-king Intelligent Equipment Co reported trailing-twelve-month revenue of about 682M CNY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of 688328?
The net profit margin of Shenzhen S-king Intelligent Equipment Co is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does Shenzhen S-king Intelligent Equipment Co pay a dividend?
Shenzhen S-king Intelligent Equipment Co currently shows a dividend yield of about 0.24% relative to its recent price (as of Aug 7, 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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