Shanghai V-Test Semiconductor Tech. Co (688372) Fair Value & Analysis
Technology · CN · Market cap 22.0B CNY
Fair value as of: Aug 12, 2026
From 16 valuation models · updated today
Share price −24.9% over the past month.
Below-average quality, and screening another 80% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥32.40). The favourable scenario is already priced in.
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 12, 2026.
How to read this chart
46‑month range ¥26.58 – ¥188.88 · fair‑value band ¥19.44 – ¥32.40 · the ¥130.38 price screens above the ¥25.93 fair value. Dashed = 300-day average. As of Aug 12, 2026.
Analysis
Shanghai V-Test Semiconductor Tech. Co (688372) currently trades at ¥130.38, while our model-based Fair Value estimate is ¥25.93, implying the stock looks roughly 80.1% overvalued today. The Quality Score stands at 39/100 (below-average 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, Shanghai V-Test Semiconductor Tech. Co generated revenue of 1.8B CNY at a net margin of 19.6%. Revenue grew 71.8% year over year. It earns a return on equity of 10.2%. Net debt stands at 3.3B CNY. Fundamentals as of Aug 12, 2026
Our scenario range runs from ¥19.44 (bear case) to ¥32.40 (bull case); at ¥130.38, 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 29% below its 52-week high and 163% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -80%, 688372 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.
All 16 models by family
Widest divergence: Growth Earnings (¥80.91) versus Economic Profit (¥2.13). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 49
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
Shanghai V-Test Semiconductor Tech. Co., Ltd. operates as an integrated circuit testing provider company in China. The company provides AOI, CP test, FT test, SLT test, burn in test, in tray mark, and lead scan solutions.
Full company description
Shanghai V-Test Semiconductor Tech. Co., Ltd. operates as an integrated circuit testing provider company in China. The company provides AOI, CP test, FT test, SLT test, burn in test, in tray mark, and lead scan solutions. It also offers wafer testing, chip product testing, and integrated circuit supporting; engages in testing equipment rental; and sales of testing auxiliary materials services. The company's products are used in communications, computers, automotive electronics, industrial control, consumer electronics, and other fields. Shanghai V-Test Semiconductor Tech. Co., Ltd. was founded in 2016 and is based in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai V-Test Semiconductor Tech. Co reported revenue of ¥1.6B in FY2025 versus ¥493M in FY2021, a compound +33.7%/yr. Reported net income was ¥303M in FY2025, compounding +23.1%/yr from FY2021.
688372 screens 80% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 325 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.
Valuation Multiples vs Semiconductors median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $211.80 | $96.91 | -54% |
| Taiwan Semiconductor Manufacturing Company TSM | $418.47 | $208.16 | -50% |
| Broadcom Inc 1AVGO | €367.75 | €121.25 | -67% |
| Micron Technology, Inc ZMIC | C$52.57 | C$7.50 | -86% |
| SK hynix Inc 000660 | 2,082,000 KRW | 1,109,311 KRW | -47% |
| Advanced Micro Devices, Inc 1AMD | €425.20 | €56.33 | -87% |
| Intel Corporation INTC | C$68.40 | C$9.82 | -86% |
| Texas Instruments Incorporated TXN | $311.46 | $59.75 | -81% |
| MediaTek Inc 2454 | 3,740 TWD | 1,163 TWD | -69% |
| SK Square Co 402340 | 1,212,000 KRW | 868,000 KRW | -28% |
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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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