Luster LightTech Co. Ltd. Cl A (688400) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Luster LightTech Co. Ltd. Cl A stock ¥4.87, price ¥42.16, upside -88.4%, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 19, 2026.
How to read this chart
51‑month range ¥13.66 – ¥71.30 · fair‑value band ¥2.96 – ¥7.62 · the ¥42.16 price screens above the ¥4.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 19, 2026.
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LUSTER LightTech Co., LTD. researches, develops, and sales of configurable visual systems, intelligent visual equipment, and optical communication products in China.
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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.
Stock analysis
Luster LightTech Co. Ltd. Cl A (688400) currently trades at ¥42.16, while our model-based Fair Value estimate is ¥4.87, 88.4% 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 ¥5.86 per share, and 0 of the 26 models we run sit above the ¥42.16 price.
Bear case: the Dividend Discount group reads lowest at ¥0.8800, and 26 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥2.96 (bear) to ¥7.62 (bull), the price of ¥42.16 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 62/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 19.4B CNY (≈ $2.9B) Mid · P/E ratio 27.6 · P/S ratio 6.49 · EPS (TTM) ¥1.53 · Dividend yield 0.2% · Net margin 24.1% · Return on equity 12.2% · Return on assets (EBIT) 2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −48% fair-value upside, at −88%, 688400 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.8800 to ¥31.56). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥2.96Fair Value ¥4.87Bull¥7.62
Price ¥42.16 · Upside -88.4%
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 (¥1.16 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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
−3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.7%
Dividend (yield on the price)0.2%
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.7% → 4%
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).
+76.3%
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 +73.4% a year for the price.
Compare Luster LightTech Co. Ltd. Cl 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.Specialty Industrial Machinery · 800 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−88.4% · Bottom 25%
Profitability
Return on equity (12 months)12.2% · Above median
Return on assets2.6% · Below median
Net margin (12 months)24.1% · Top 25%
Operating margin (12 months)6.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)13.3% · Above median
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)27.6× · Pricier than median
P/B4.57× · Priciest 25%
P/S (12 months)6.49× · Priciest 25%
Price / free cash flow380.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)67· sector 31
PAST (return on equity)49· sector 28
HEALTH (low debt)94· sector 96
DIVIDEND (yield)4· sector 27
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). "Luster LightTech Co. Ltd. Cl A Fair Value". https://www.fairvalue-calculator.com/stock/688400
Frequently asked questions
Is Luster LightTech Co. Ltd. Cl A (688400) overvalued or undervalued?
As of Oct 19, 2026, our model estimates a fair value of ¥4.87 versus a price of ¥42.16, about −88% upside (overvalued).
What is the fair value of 688400?
Our model-based fair value for Luster LightTech Co. Ltd. Cl A is ¥4.87 (as of Oct 19, 2026), built from audited fundamentals. The current price: ¥42.16.
What is the quality score of 688400?
Luster LightTech Co. Ltd. Cl A has a Quality Score of 62/100. 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 Luster LightTech Co. Ltd. Cl A (688400)?
Our model-based price target is the fair value of ¥4.87 (as of Oct 19, 2026) from 26 valuation models. Cautious scenario ¥2.96, optimistic scenario ¥7.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Luster LightTech Co. Ltd. Cl A stock forecast for 2026?
Our models put fair value at ¥4.87, about −88% upside versus a price of ¥42.16 (overvalued). Cautious scenario ¥2.96, optimistic scenario ¥7.62. The calculation is refreshed regularly with new filings.
What is the revenue of Luster LightTech Co. Ltd. Cl A (688400)?
Luster LightTech Co. Ltd. Cl A reported trailing-twelve-month revenue of about 3.0B CNY (latest available figure, as of Oct 19, 2026).
Does Luster LightTech Co. Ltd. Cl A pay a dividend?
Luster LightTech Co. Ltd. Cl A currently shows a dividend yield of 0.20% relative to its recent price (as of Oct 19, 2026).
What growth is priced into Luster LightTech Co. Ltd. Cl A (688400)?
For today's price to be fair in a discounted-cash-flow model, Luster LightTech Co. Ltd. Cl A would have to grow free cash flow by +76.3 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.7 % per year. As of Oct 19, 2026.
What discount rate (WACC) does the fair value of 688400 use?
Our models discount Luster LightTech Co. Ltd. Cl A at 11.1 %: a base by market capitalisation (mid), damped by beta 1.25, 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 Luster LightTech Co. Ltd. Cl A that is +76.3 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Luster LightTech Co. Ltd. Cl A (688400) delivered so far?
Over the past 5 years revenue at Luster LightTech Co. Ltd. Cl A grew +10.7 % a year. The price currently implies +76.3 % 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 Luster LightTech Co. Ltd. Cl A (688400) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Luster LightTech Co. Ltd. Cl A (+76.3 % 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 Luster LightTech Co. Ltd. Cl A (688400)?
The free-cash-flow yield on the price is 0.26 %: that much free cash flow Luster LightTech Co. Ltd. Cl A produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Luster LightTech Co. Ltd. Cl A (688400)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Luster LightTech Co. Ltd. Cl A it is ¥4.87 per share (as of Oct 19, 2026), against a price of ¥42.16. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Luster LightTech Co. Ltd. Cl A stock overvalued or undervalued in 2026?
As of Oct 19, 2026, 688400 trades above its calculated fair value: price ¥42.16, fair value ¥4.87, a gap of about −88% (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 688400?
No. The price is what the market pays today (¥42.16); the fair value is what the company's own numbers justify (¥4.87). For Luster LightTech Co. Ltd. Cl A the two are ¥37.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Luster LightTech Co. Ltd. Cl A worth?
The market values Luster LightTech Co. Ltd. Cl A at about 19.4B CNY (market capitalisation, as of Oct 19, 2026). Per share that is ¥42.16; our models calculate a fair value of ¥4.87 per share.
What do the bullish and bearish scenarios say about 688400?
Our models span a range for Luster LightTech Co. Ltd. Cl A: cautious scenario ¥2.96, base ¥4.87, optimistic ¥7.62 per share (as of Oct 19, 2026, price ¥42.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688400?
Luster LightTech Co. Ltd. Cl A trades at a price-to-earnings ratio of 27.6 (as of Oct 19, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥4.87 is built from several models across several years. Other multiples: P/B 4.6, P/S 6.5.
How solid is the balance sheet of Luster LightTech Co. Ltd. Cl A (688400)?
Balance-sheet figures for Luster LightTech Co. Ltd. Cl A (as of Oct 19, 2026): return on equity 12.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 688400 from its 52-week high?
Luster LightTech Co. Ltd. Cl A trades at ¥42.16, about 41% below its 52-week high of ¥71.30 and 21% above the low of ¥34.95 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.87 is for.
Which stocks are comparable to Luster LightTech Co. Ltd. Cl A?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Luster LightTech Co. Ltd. Cl A stock attractive at the current price?
The data as of Oct 19, 2026: price ¥42.16, calculated fair value ¥4.87 (−88%), Quality Score 62/100, 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 688400 calculated?
We run Luster LightTech Co. Ltd. Cl A 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 ¥4.87, 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 13.8 % above its aggregate fair value. Luster LightTech Co. Ltd. Cl 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 Luster LightTech Co. Ltd. Cl A (688400)?
The closing price on Oct 20, 2026 was ¥42.16. Our model-based fair value is ¥4.87, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Luster LightTech Co. Ltd. Cl A right now?
The price sits above even our optimistic bull case (¥7.62). 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 (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥2.96 to ¥7.62) leaves room in how you read the outcome.
Key figures of Luster LightTech Co. Ltd. Cl A
How large is the market capitalisation of Luster LightTech Co. Ltd. Cl A (688400)?
The market capitalisation of Luster LightTech Co. Ltd. Cl A is 19.4B CNY (≈ $2.9B). 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 Luster LightTech Co. Ltd. Cl A (688400)?
The price-to-sales ratio of Luster LightTech Co. Ltd. Cl A is 6.49 (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 Luster LightTech Co. Ltd. Cl A (688400)?
Earnings per share at Luster LightTech Co. Ltd. Cl A are ¥1.53 (price ÷ EPS = P/E 27.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Luster LightTech Co. Ltd. Cl A (688400)?
The dividend yield of Luster LightTech Co. Ltd. Cl A is 0.2% (payout 5.6%). 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 Luster LightTech Co. Ltd. Cl A (688400)?
The net margin of Luster LightTech Co. Ltd. Cl A is 24.1% (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 Luster LightTech Co. Ltd. Cl A (688400)?
The return on equity (ROE) of Luster LightTech Co. Ltd. Cl A is 12.2% (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 Luster LightTech Co. Ltd. Cl A (688400)?
On an EBIT basis the return on assets of Luster LightTech Co. Ltd. Cl A is 2.8% (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 Luster LightTech Co. Ltd. Cl A (688400)?
The operating margin of Luster LightTech Co. Ltd. Cl A is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Luster LightTech Co. Ltd. Cl A (688400)?
Revenue at Luster LightTech Co. Ltd. Cl A is growing +13.3% versus a year earlier (3y avg +1.9%). 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 Luster LightTech Co. Ltd. Cl A (688400)?
Earnings per share at Luster LightTech Co. Ltd. Cl A are growing +388% versus a year earlier. How much earnings per share grew versus a year earlier.
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Oct 19, 2026