Shanghai Bright Power Semiconductor (688368) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Shanghai Bright Power Semiconductor stock ¥9.78, price ¥85.28, upside -88.5%, quality 67 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?Yes
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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 28, 2026.
How to read this chart
60‑month range ¥40.43 – ¥400.05 · fair‑value band ¥7.74 – ¥12.22 · the ¥85.28 price screens above the ¥9.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 28, 2026.
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Shanghai Bright Power Semiconductor Co., Ltd., together with its subsidiaries, engages in the research, development, and sale of power management and motor control chips in China and internationally.
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The company offers DC/DC power management chips comprising digital controllers, DrMOS, and converters; and AC/DC power management chips, including isolated power and non-isolated power supply.
It also provides LED lighting driver IC, such as dimmable, non-dimmable, and smart panels; and motor control and driver IC related products, including motor controllers and MCUs. The company serves LED lighting, high-performance computing, automotive electronics, consumer electronics, and industrial applications, as well as home appliances and mobile phones, personal computers, servers, base stations, Netcom, cars, industrial control and other fields.
It exports its products. Shanghai Bright Power Semiconductor Co., Ltd. was founded in 2008 and is headquartered in Shanghai, China.
Stock analysis
Shanghai Bright Power Semiconductor (688368) currently trades at ¥85.28, while our model-based Fair Value estimate is ¥9.78, 88.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥10.60 per share, and 0 of the 26 models we run sit above the ¥85.28 price.
Bear case: the Economic Profit group reads lowest at ¥2.06, and 26 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥7.74 (bear) to ¥12.22 (bull), the price of ¥85.28 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 67/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Shanghai Bright Power Semiconductor reported revenue of 1.6B CNY in FY2025 versus 2.3B CNY in FY2021, a compound −9.1%/yr. Reported net income was 35.6M CNY in FY2025, compounding −52.1%/yr from FY2021.
Key figures
Market cap 17.4B CNY (≈ $2.6B) Mid · P/E ratio 125.4 · P/S ratio 7.59 · EPS (TTM) ¥0.6800 · Dividend yield 0.8% · Net margin 4.7% · Return on equity 3.4% · Return on assets (EBIT) 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 65% below its 52-week high and at 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%, 688368 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.7800 to ¥19.83). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥7.74Fair Value ¥9.78Bull¥12.22
Price ¥85.28 · Upside -88.5%
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.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.74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.4%
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.
+13.3%
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.
+7.3%
Start year 2020 (pandemic). Over 10 years: +16.0% a year
Revenue growth 11 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.
+15.0%
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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.
−20.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.6%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−21.6% vs −11.0%, slowing
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.6% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.5%/yr over ~9Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +29.9% a year for the price.
Compare Shanghai Bright Power Semiconductor 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 · 353 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−88.5% · Bottom 25%
Profitability
Return on equity (12 months)3.4% · Below median
Return on assets1.8% · Below median
Net margin (12 months)4.7% · Below median
Operating margin (12 months)4.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)108.4% · Top 25%
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)125.4× · Priciest 25%
P/B14.83× · Priciest 25%
P/S (12 months)7.59× · Pricier than median
Price / free cash flow107.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 98
PAST (return on equity)14· sector 29
HEALTH (low debt)99· sector 95
DIVIDEND (yield)17· 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). "Shanghai Bright Power Semiconductor Fair Value". https://www.fairvalue-calculator.com/stock/688368
Frequently asked questions
Is Shanghai Bright Power Semiconductor (688368) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of ¥9.78 versus a price of ¥85.28, about −89% upside (overvalued).
What is the fair value of 688368?
Our model-based fair value for Shanghai Bright Power Semiconductor is ¥9.78 (as of Oct 28, 2026), built from audited fundamentals. The current price: ¥85.28.
What is the quality score of 688368?
Shanghai Bright Power Semiconductor has a Quality Score of 67/100. 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 Shanghai Bright Power Semiconductor (688368)?
Our model-based price target is the fair value of ¥9.78 (as of Oct 28, 2026) from 26 valuation models. Cautious scenario ¥7.74, optimistic scenario ¥12.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Bright Power Semiconductor stock forecast for 2026?
Our models put fair value at ¥9.78, about −89% upside versus a price of ¥85.28 (overvalued). Cautious scenario ¥7.74, optimistic scenario ¥12.22. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Bright Power Semiconductor (688368)?
Shanghai Bright Power Semiconductor reported trailing-twelve-month revenue of about 2.3B CNY (latest available figure, as of Oct 28, 2026).
Does Shanghai Bright Power Semiconductor pay a dividend?
Shanghai Bright Power Semiconductor currently shows a dividend yield of 0.84% relative to its recent price (as of Oct 28, 2026).
What growth is priced into Shanghai Bright Power Semiconductor (688368)?
For today's price to be fair in a discounted-cash-flow model, Shanghai Bright Power Semiconductor would have to grow free cash flow by +32.1 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of 688368 use?
Our models discount Shanghai Bright Power Semiconductor at 11.9 %: a base by market capitalisation (mid), damped by beta 1.56, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Shanghai Bright Power Semiconductor that is +32.1 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Shanghai Bright Power Semiconductor (688368) delivered so far?
Over the past 5 years revenue at Shanghai Bright Power Semiconductor grew +7.3 % a year. The price currently implies +32.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shanghai Bright Power Semiconductor (688368) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Shanghai Bright Power Semiconductor (+32.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shanghai Bright Power Semiconductor (688368)?
The free-cash-flow yield on the price is 2.13 %: that much free cash flow Shanghai Bright Power Semiconductor produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shanghai Bright Power Semiconductor (688368)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Bright Power Semiconductor it is ¥9.78 per share (as of Oct 28, 2026), against a price of ¥85.28. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Shanghai Bright Power Semiconductor stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 688368 trades above its calculated fair value: price ¥85.28, fair value ¥9.78, 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 688368?
No. The price is what the market pays today (¥85.28); the fair value is what the company's own numbers justify (¥9.78). For Shanghai Bright Power Semiconductor the two are ¥75.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Bright Power Semiconductor worth?
The market values Shanghai Bright Power Semiconductor at about 17.4B CNY (market capitalisation, as of Oct 28, 2026). Per share that is ¥85.28; our models calculate a fair value of ¥9.78 per share.
What do the bullish and bearish scenarios say about 688368?
Our models span a range for Shanghai Bright Power Semiconductor: cautious scenario ¥7.74, base ¥9.78, optimistic ¥12.22 per share (as of Oct 28, 2026, price ¥85.28). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688368?
Shanghai Bright Power Semiconductor trades at a price-to-earnings ratio of 125.4 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥9.78 is built from several models across several years. Other multiples: P/B 14.8, P/S 7.6.
How solid is the balance sheet of Shanghai Bright Power Semiconductor (688368)?
Balance-sheet figures for Shanghai Bright Power Semiconductor (as of Oct 28, 2026): return on equity 3.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 688368 from its 52-week high?
Shanghai Bright Power Semiconductor trades at ¥85.28, about 65% below its 52-week high of ¥242.10 and at the low of ¥85.28 (as of Oct 27, 2026). Distance from the high says nothing about value: that is what the fair value of ¥9.78 is for.
Which stocks are comparable to Shanghai Bright Power Semiconductor?
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 Shanghai Bright Power Semiconductor stock attractive at the current price?
The data as of Oct 28, 2026: price ¥85.28, calculated fair value ¥9.78 (−89%), Quality Score 67/100, from 26 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 688368 calculated?
We run Shanghai Bright Power Semiconductor through 26 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 ¥9.78, 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 13.2 % above its aggregate fair value. Shanghai Bright Power Semiconductor 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 Shanghai Bright Power Semiconductor (688368)?
The closing price on Oct 27, 2026 was ¥85.28. Our model-based fair value is ¥9.78, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Bright Power Semiconductor right now?
The price sits above even our optimistic bull case (¥12.22). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Shanghai Bright Power Semiconductor
How large is the market capitalisation of Shanghai Bright Power Semiconductor (688368)?
The market capitalisation of Shanghai Bright Power Semiconductor is 17.4B CNY (≈ $2.6B). 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 Shanghai Bright Power Semiconductor (688368)?
The price-to-sales ratio of Shanghai Bright Power Semiconductor is 7.59 (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 Shanghai Bright Power Semiconductor (688368)?
Earnings per share at Shanghai Bright Power Semiconductor are ¥0.6800 (price ÷ EPS = P/E 125.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanghai Bright Power Semiconductor (688368)?
The dividend yield of Shanghai Bright Power Semiconductor is 0.8% (payout 105%). 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 Shanghai Bright Power Semiconductor (688368)?
The net margin of Shanghai Bright Power Semiconductor is 4.7% (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 Shanghai Bright Power Semiconductor (688368)?
The return on equity (ROE) of Shanghai Bright Power Semiconductor is 3.4% (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 Shanghai Bright Power Semiconductor (688368)?
On an EBIT basis the return on assets of Shanghai Bright Power Semiconductor is 3.8% (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 Shanghai Bright Power Semiconductor (688368)?
The operating margin of Shanghai Bright Power Semiconductor is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Bright Power Semiconductor (688368)?
Revenue at Shanghai Bright Power Semiconductor is growing +108% versus a year earlier (3y avg +13.3%). 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 Shanghai Bright Power Semiconductor (688368)?
Earnings per share at Shanghai Bright Power Semiconductor are growing +70.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shanghai Bright Power Semiconductor (688368) carry?
The net debt of Shanghai Bright Power Semiconductor is 132M CNY (fiscal year 2025, ≈ 0.8 yrs of FCF). 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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Thin data
Oct 28, 2026