Luster LightTech Co. Ltd. Cl A (688400) Fair Value & Analysis
Industrials · CN · Market cap 22.8B CNY (≈ $3.4B) · ISIN CNE100005QC6
What is Luster LightTech Co. Ltd. Cl A really worth?
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A solid business, but trading 740% above our fair value of ¥5.77.
Strengths
Risks
For context
Fair value as of: Aug 21, 2026
From 26 valuation models · updated 11 days ago
Share price +13.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥7.21). 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 (60/100) 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 21, 2026.
How to read this chart
50‑month range ¥13.66 – ¥71.30 · fair‑value band ¥4.10 – ¥7.21 · the ¥48.47 price screens above the ¥5.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Luster LightTech Co. Ltd. Cl A (688400) currently trades at ¥48.47, while our model-based Fair Value estimate is ¥5.77, implying the stock looks roughly 740.3% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Asset-Based group reads highest at a median of ¥6.00 per share, and 0 of the 26 models we run sit above the ¥48.47 price. Bear case: the Dividend Discount group reads lowest at ¥1.12, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Luster LightTech Co. Ltd. Cl A generated revenue of 2.9B CNY at a net margin of 12.0%. Revenue declined 2.8% year over year. It earns a return on equity of 7.2%. The stock trades on a trailing P/E of 64.6. Fundamentals as of Aug 21, 2026
Our scenario range runs from ¥4.10 (bear case) to ¥7.21 (bull case); at ¥48.47, 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 34% below its 52-week high and 95% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −88%, 688400 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.4445 per share, which is 7.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Asset-Based (¥6.00) versus Dividend Discount (¥1.12). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 47
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
LUSTER LightTech Co., LTD. researches, develops, and sales of configurable visual systems, intelligent visual equipment, and optical communication products in China.
Full company description
LUSTER LightTech Co., LTD. researches, develops, and sales of configurable visual systems, intelligent visual equipment, and optical communication products in China. The company offers vision inspection products, such as printing quality, glass, lithium battery, and display screen inspection products; fiber and coax network products, including MoCA home network, MoCA access, EPON&GPON, TV transmission, and NMS/provisioning products; multispectral imaging modules; and fiber optics, such as optical communication, fiber sensing, and fiber laser products. The company was formerly known as Luster Light Tech Group Co., Ltd. and changed its name to LUSTER LightTech Co., LTD. in July 2022. LUSTER LightTech Co., LTD. was founded in 2002 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Luster LightTech Co. Ltd. Cl A reported revenue of 2.9B CNY in FY2025 versus 2.4B CNY in FY2021, a compound +4.6%/yr. Reported net income was 161M CNY in FY2025, compounding −1.6%/yr from FY2021.
688400 screens 740% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 811 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
Strength profile in five axes (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.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $953.09 | $131.95 | −86% |
| SIE SIE | €289.85 | €139.77 | −52% |
| Eaton Corporation ETN | $402.78 | $168.65 | −58% |
| Parker-Hannifin Corporation PH | $995.02 | $398.69 | −60% |
| Atlas Copco AB ATCOA | kr 206.60 | kr 112.59 | −46% |
| Cummins Inc CMI | $578.14 | $348.94 | −40% |
| Illinois Tool Works Inc ITW | $281.67 | $145.84 | −48% |
| Emerson Electric Co EMR | $155.18 | $58.44 | −62% |
| AMETEK, Inc AME | $236.25 | $125.80 | −47% |
| Rockwell Automation, Inc ROK | $431.75 | $125.76 | −71% |
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