Forehope Electronic (Ningbo) Co. Ltd. A (688362) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Forehope Electronic (Ningbo) Co. Ltd. A stock ¥5.04, price ¥44.82, upside -88.8%, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 26, 2026.
How to read this chart
47‑month range ¥15.60 – ¥114.80 · fair‑value band ¥3.94 – ¥6.30 · the ¥44.82 price screens above the ¥5.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 26, 2026.
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Forehope Electronic (Ningbo) Co., Ltd. engages in advanced packaging field in the integrated circuit packaging and testing business. It offers high-density fine-pitch bump flip-chip; system-in-package; flat no-lead packages; and micro-electromechanical system sensors products.
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Its products are used in Internet of Things, 5G, artificial intelligence, and big data market. The company was founded in 2017 and is based in Yuyao, China.
Stock analysis
Forehope Electronic (Ningbo) Co. Ltd. A (688362) currently trades at ¥44.82, while our model-based Fair Value estimate is ¥5.04, 88.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥7.32 per share, and 0 of the 13 models we run sit above the ¥44.82 price.
Bear case: the Dividend Discount group reads lowest at ¥3.33, and 13 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥3.94 (bear) to ¥6.30 (bull), the price of ¥44.82 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Forehope Electronic (Ningbo) Co. Ltd. A reported revenue of 4.4B CNY in FY2025 versus 2.1B CNY in FY2021, a compound +21.0%/yr. Reported net income was 81.7M CNY in FY2025, compounding −29.0%/yr from FY2021.
Key figures
Market cap 20.4B CNY (≈ $3.1B) Mid · P/E ratio 194.9 · P/S ratio 4.24 · EPS (TTM) ¥0.2300 · Dividend yield 0.8% · Net margin 1.9% · Return on equity 1.0% · Return on assets (EBIT) 3.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 61% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −89%, 688362 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥3.06 to ¥31.62). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥3.94Fair Value ¥5.04Bull¥6.30
Price ¥44.82 · Upside -88.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.1884 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+21.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+42.5%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−16.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.9%
Dividend (yield on the price)0.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.100% → 6%
Compare Forehope Electronic (Ningbo) Co. Ltd. A with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductors · 347 stocks
Beats the industry median on 1/13 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−88.8% · Bottom 25%
Profitability
Return on equity (12 months)1.0% · Below median
Return on assets0.5% · Below median
Net margin (12 months)1.9% · Below median
Operating margin (12 months)−1.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)16.4% · Below median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity2.18× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)194.9× · Priciest 25%
P/B7.80× · Priciest 25%
P/S (12 months)4.24× · Pricier than median
EV/EBITDA21.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)82· sector 96
PAST (return on equity)4· sector 30
HEALTH (low debt)0· sector 95
DIVIDEND (yield)15· sector 18
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Forehope Electronic (Ningbo) Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688362
Frequently asked questions
Is Forehope Electronic (Ningbo) Co. Ltd. A (688362) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of ¥5.04 versus a price of ¥44.82, about −89% upside (overvalued).
What is the fair value of 688362?
Our model-based fair value for Forehope Electronic (Ningbo) Co. Ltd. A is ¥5.04 (as of Oct 26, 2026), built from audited fundamentals. The current price: ¥44.82.
What is the quality score of 688362?
Forehope Electronic (Ningbo) Co. Ltd. A has a Quality Score of 40/100. 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 price target for Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
Our model-based price target is the fair value of ¥5.04 (as of Oct 26, 2026) from 14 valuation models. Cautious scenario ¥3.94, optimistic scenario ¥6.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Forehope Electronic (Ningbo) Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥5.04, about −89% upside versus a price of ¥44.82 (overvalued). Cautious scenario ¥3.94, optimistic scenario ¥6.30. The calculation is refreshed regularly with new filings.
What is the revenue of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
Forehope Electronic (Ningbo) Co. Ltd. A reported trailing-twelve-month revenue of about 4.8B CNY (latest available figure, as of Oct 26, 2026).
Does Forehope Electronic (Ningbo) Co. Ltd. A pay a dividend?
Forehope Electronic (Ningbo) Co. Ltd. A currently shows a dividend yield of 0.75% relative to its recent price (as of Oct 26, 2026).
What is the intrinsic value of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Forehope Electronic (Ningbo) Co. Ltd. A it is ¥5.04 per share (as of Oct 26, 2026), against a price of ¥44.82. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Forehope Electronic (Ningbo) Co. Ltd. A stock overvalued or undervalued in 2026?
As of Oct 26, 2026, 688362 trades above its calculated fair value: price ¥44.82, fair value ¥5.04, a gap of about −89% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 688362?
No. The price is what the market pays today (¥44.82); the fair value is what the company's own numbers justify (¥5.04). For Forehope Electronic (Ningbo) Co. Ltd. A the two are ¥39.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Forehope Electronic (Ningbo) Co. Ltd. A worth?
The market values Forehope Electronic (Ningbo) Co. Ltd. A at about 20.4B CNY (market capitalisation, as of Oct 26, 2026). Per share that is ¥44.82; our models calculate a fair value of ¥5.04 per share.
What do the bullish and bearish scenarios say about 688362?
Our models span a range for Forehope Electronic (Ningbo) Co. Ltd. A: cautious scenario ¥3.94, base ¥5.04, optimistic ¥6.30 per share (as of Oct 26, 2026, price ¥44.82). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688362?
Forehope Electronic (Ningbo) Co. Ltd. A trades at a price-to-earnings ratio of 194.9 (as of Oct 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥5.04 is built from several models across several years. Other multiples: P/B 7.8, P/S 4.2, EV/EBITDA 21.1.
How solid is the balance sheet of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
Balance-sheet figures for Forehope Electronic (Ningbo) Co. Ltd. A (as of Oct 26, 2026): return on equity 1.0%, debt of 2.18 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 688362 from its 52-week high?
Forehope Electronic (Ningbo) Co. Ltd. A trades at ¥44.82, about 61% below its 52-week high of ¥114.80 and 54% above the low of ¥29.05 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.04 is for.
Which stocks are comparable to Forehope Electronic (Ningbo) Co. Ltd. A?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Forehope Electronic (Ningbo) Co. Ltd. A stock attractive at the current price?
The data as of Oct 26, 2026: price ¥44.82, calculated fair value ¥5.04 (−89%), Quality Score 40/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 688362 calculated?
We run Forehope Electronic (Ningbo) Co. Ltd. A through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥5.04, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.5 % above its aggregate fair value. Forehope Electronic (Ningbo) Co. Ltd. A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
The closing price on Oct 23, 2026 was ¥44.82. Our model-based fair value is ¥5.04, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Forehope Electronic (Ningbo) Co. Ltd. A right now?
The price sits above even our optimistic bull case (¥6.30). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Forehope Electronic (Ningbo) Co. Ltd. A
How large is the market capitalisation of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
The market capitalisation of Forehope Electronic (Ningbo) Co. Ltd. A is 20.4B CNY (≈ $3.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
The price-to-sales ratio of Forehope Electronic (Ningbo) Co. Ltd. A is 4.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
Earnings per share at Forehope Electronic (Ningbo) Co. Ltd. A are ¥0.2300 (price ÷ EPS = P/E 194.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
The dividend yield of Forehope Electronic (Ningbo) Co. Ltd. A is 0.8% (payout 147%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
The net margin of Forehope Electronic (Ningbo) Co. Ltd. A is 1.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
The return on equity (ROE) of Forehope Electronic (Ningbo) Co. Ltd. A is 1.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
On an EBIT basis the return on assets of Forehope Electronic (Ningbo) Co. Ltd. A is 3.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
The operating margin of Forehope Electronic (Ningbo) Co. Ltd. A is −1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
Revenue at Forehope Electronic (Ningbo) Co. Ltd. A is growing +16.4% versus a year earlier (3y avg +26.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Forehope Electronic (Ningbo) Co. Ltd. A (688362)?
Earnings per share at Forehope Electronic (Ningbo) Co. Ltd. A are growing +150% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Forehope Electronic (Ningbo) Co. Ltd. A (688362) generate?
The free cash flow of Forehope Electronic (Ningbo) Co. Ltd. A is −541M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Forehope Electronic (Ningbo) Co. Ltd. A (688362) carry?
The net debt of Forehope Electronic (Ningbo) Co. Ltd. A is 4.6B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 26, 2026