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Wuxi Chipown Micro-electronics limited (688508) Fair Value & Analysis

Technology · CN · Market cap 11.3B CNY

WC Wuxi Chipown Micro-electronics limited 688508 · SHG
Price¥86.94
Fair Value¥23.92
Upside-72.5%
Quality50/100
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Expensive Growth
Solidly profitable · 14.0% net margin
negative free cash flow
0.51% dividend yield
Trails peers (2/11)
Narrow moat 43/100
Evidence: High Range ¥15.94 – ¥29.90 Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥26.78 to ¥23.92 (−10.7%) since Jun 24, 2026. Share price −11.4% over the past month.

A solid business, but screening 72% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥29.90). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥15.94 to ¥29.90) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥159.10 ¥26.92 Fair Value ¥23.92 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥26.92 – ¥159.10 · fair‑value band ¥15.94 – ¥29.90 · the ¥86.94 price screens above the ¥23.92 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Wuxi Chipown Micro-electronics limited (688508) currently trades at ¥86.94, while our model-based Fair Value estimate is ¥23.92, implying the stock looks roughly 72.5% overvalued today. The Quality Score stands at 50/100 (solid 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, Wuxi Chipown Micro-electronics limited generated revenue of 1.1B CNY at a net margin of 14.0%. Revenue declined 2.6% year over year. It earns a return on equity of 6.0%. The balance sheet holds a net cash position of 156M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥15.94 (bear case) to ¥29.90 (bull case); at ¥86.94, 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 17% below its 52-week high and 76% 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 -72%, 688508 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥16.61 ¥17.42 ¥18.50 76
Gordon GGM ¥4.05 ¥8.43 ¥13.37 70
Growth-Adj P/E ¥25.64 ¥36.63 ¥47.62 68
All 17 models by family
DCF Models
Owner Earnings ¥21.12 ¥41.73 ¥84.22 31
Earnings-Based
Graham-Dodd ¥9.57 ¥64.49 ¥90.37 54
Lynch FV ¥18.90 ¥27.00 ¥35.10 50
PEG = 1.0 ¥18.90 ¥27.00 ¥35.10 46
EPV ¥16.48 ¥18.51 ¥20.29 59
Dividend Discount
Gordon GGM ¥4.05 ¥8.43 ¥13.37 70
DDM Multi-Stage ¥4.05 ¥7.10 ¥8.84 61
Multiples
P/E Multiple ¥21.10 ¥28.14 ¥35.17 63
P/S Multiple ¥16.18 ¥21.57 ¥26.97 58
P/B Multiple ¥17.94 ¥23.92 ¥29.90 55
EV/EBIT ¥23.49 ¥29.89 ¥36.29 53
EV/EBITDA ¥20.67 ¥26.13 ¥31.58 54
EV/Revenue ¥17.23 ¥22.78 ¥28.33 43
Asset-Based
NCAV (Graham) ¥10.29 ¥13.79 ¥20.58 50
Economic Profit
Residual Income ¥16.61 ¥17.42 ¥18.50 76
ROIC Compounder ¥16.48 ¥18.51 ¥20.29 67
Growth Earnings
Growth-Adj P/E ¥25.64 ¥36.63 ¥47.62 68

Widest divergence: DCF Models (¥41.73) versus Dividend Discount (¥7.10). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.1B CNY
Revenue growth (YoY) -2.6%
Net margin 14.0%
Return on equity 6.0%
Free cash flow −73.8M CNY FY2025
P/E ratio 69.3
More key figures
Operating margin 13.6%
EPS (TTM) ¥1.23
Dividend yield 0.5%
EPS growth (YoY) -68.8%
Net cash 156M CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 65

Profitability 46
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 8
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 58
Buybacks instead of dilution

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

Wuxi Chipown Micro-electronics limited engages in the research, development, and sale of semiconductor products in China.

Full company description

Wuxi Chipown Micro-electronics limited engages in the research, development, and sale of semiconductor products in China. The company offers HV products, including AC-DC, PFC and X capacitor discharge; LV products, such as DC-DC, car charger, battery charger, LED backlight, high power white LED, OVP and current limiter, reset and detect, and LDO products; and drivers that include high and low side gate, 3-phase gate, isolated gate, brushed motor, stepper motor, and low side gate driver IC. It also provides charger protocol IC; power devices comprising IGBT, SJ, SiC, and planar MOSFET, and GaN FET; and power module products, which includes IPM and wireless charger micro IPM. In addition, the company offers solutions for home appliances, photovoltaic/energy storage, charger and charging stations, STB and multimedia, server, communication, electric power, and motor applications. The company was founded in 2005 and is headquartered in Wuxi, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wuxi Chipown Micro-electronics limited reported revenue of ¥1.1B in FY2025 versus ¥753M in FY2021, a compound +11.0%/yr. Reported net income was ¥186M in FY2025, compounding −1.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.1B CNY
Latest YoY
+18.5%
Avg. growth/yr (3Y)
+16.7%
Avg. growth/yr (5Y)
+21.6%
Avg. growth/yr (14Y)
+17.3%
Revenue +11.0%/yr
FY21 ¥753M
FY22 ¥720M
FY23 ¥780M
FY24 ¥965M
FY25 ¥1.1B
Net income −1.9%/yr
FY21 ¥201M
FY22 ¥89.8M
FY23 ¥59.5M
FY24 ¥111M
FY25 ¥186M

688508 screens 72% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Wuxi Chipown Micro-electronics limited Fair Value". https://www.fairvalue-calculator.com/stock/688508

Peer Group

Semiconductors · 319 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.

Quality Score 50 · Below median
Fair Value upside −73% · Below median
Return on equity (TTM) 6% · Below median
Return on assets 1% · Below median
Net margin (TTM) 14% · Above median
Operating margin (TTM) 14% · Above median
Revenue growth -3% · Below median
Dividend yield (TTM) 0.5% · Below median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 69.3× · Pricier than median
P/B 4.14× · Pricier than median
P/S (TTM) 9.95× · Pricier than 75% of peers

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 · sector 0
FUTURE 0 · sector 60
PAST 24 · sector 24
HEALTH 0 · sector 97
DIVIDEND 10 · sector 22

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.

None of the checked exposures detected

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 Jul 12, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
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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Frequently asked questions

Is Wuxi Chipown Micro-electronics limited (688508) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥23.92 versus a price of ¥86.94, about −72% (overvalued).
What is the fair value of 688508?
Our model-based fair value for Wuxi Chipown Micro-electronics limited is ¥23.92 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥86.94.
What is the quality score of 688508?
Wuxi Chipown Micro-electronics limited has a Quality Score of 50/100. 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 revenue of Wuxi Chipown Micro-electronics limited (688508)?
Wuxi Chipown Micro-electronics limited reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688508?
The net profit margin of Wuxi Chipown Micro-electronics limited is about 14.0%, meaning it keeps roughly 14.0% of revenue as net income. Based on the latest reported figures.
Does Wuxi Chipown Micro-electronics limited pay a dividend?
Wuxi Chipown Micro-electronics limited currently shows a dividend yield of about 0.51% relative to its recent price (as of Jul 12, 2026).

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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