SBT Ultrasonic Technology Co (688392) Fair Value & Analysis
Industrials · CN · Market cap 17.3B CNY
Fair value as of: Aug 13, 2026
From 17 valuation models · updated yesterday
Share price −5.6% over the past month.
A solid business, but screening 88% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥25.34). The favourable scenario is already priced in.
- Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
47‑month range ¥27.71 – ¥241.80 · fair‑value band ¥15.64 – ¥25.34 · the ¥177.50 price screens above the ¥20.85 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
SBT Ultrasonic Technology Co (688392) currently trades at ¥177.50, while our model-based Fair Value estimate is ¥20.85, implying the stock looks roughly 88.3% overvalued today. The Quality Score stands at 61/100 (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, SBT Ultrasonic Technology Co generated revenue of 825M CNY at a net margin of 17.5%. Revenue grew 34.3% year over year. It earns a return on equity of 7.3%. The balance sheet holds a net cash position of 640M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥15.64 (bear case) to ¥25.34 (bull case); at ¥177.50, 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 1% below its 52-week high and 221% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -88%, 688392 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 17 models by family
Widest divergence: Growth Earnings (¥35.79) versus Dividend Discount (¥9.43). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 64
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
SBT Ultrasonic Technology Co., Ltd. engages in the research and development, design, production, and sale of ultrasonic equipment and accessories internationally. It provides ultrasonic application and intelligent equipment solutions.
Full company description
SBT Ultrasonic Technology Co., Ltd. engages in the research and development, design, production, and sale of ultrasonic equipment and accessories internationally. It provides ultrasonic application and intelligent equipment solutions. The company also offers ultrasonic wedge welding machines, integrated ultrasonic welding monitoring machines, ultrasonic roll welding machines, wire harness welding, semiconductor ultrasonic bonding and pin welding machines, ultrasonic die bonders, tire cutting systems, plastic welding machines, and advanced ultrasonic scanning microscopes, as well as related accessories including welding heads, non-woven fabric welding, bottom molds, generators, and transducers. The company products are primarily used in new energy batteries, wire harness connectors, semiconductors, rubber tires, non-woven fabrics, and various high-precision applications in automotive, aerospace, medical, and scientific research industries. It serves customers in the new energy, automotive, semiconductor, tire, consumer electronics, home appliance, medical, and scientific research sectors. SBT Ultrasonic Technology Co., Ltd. was founded in 2007 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SBT Ultrasonic Technology Co reported revenue of ¥774M in FY2025 versus ¥371M in FY2021, a compound +20.2%/yr. Reported net income was ¥115M in FY2025, compounding +13.5%/yr from FY2021.
688392 screens 88% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 807 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 Specialty Industrial Machinery 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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €899.80 | €186.93 | -79% |
| 1SIE 1SIE | €281.75 | €91.93 | -67% |
| SMNS SMNS | C$31.76 | C$22.75 | -28% |
| Atlas Copco AB ATCOA | kr 210.00 | kr 112.59 | -46% |
| Sandvik AB SAND | kr 358.60 | kr 193.01 | -46% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥39.17 | ¥22.68 | -42% |
| NARI Technology Co 600406 | ¥24.06 | ¥18.71 | -22% |
| ABB India Limited ABB | ₹7,700 | ₹1,322 | -83% |
| Cummins India Limited CUMMINSIND | ₹5,315 | ₹1,355 | -75% |
| Bharat Heavy Electricals Limited BHEL | ₹420.00 | ₹96.51 | -77% |
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Frequently asked questions
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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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