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Data-driven stock valuation

Nanya New Material Technology Co Ltd (688519) fair value: what the stock is really worth

We calculate from audited financials what Nanya New Material Technology Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Technology · CN · Market cap 67.0B CNY (≈ $10.0B) · ISIN CNE1000043V6

At a glance

NN Nanya New Material Technology Co Ltd 688519 · SHG
Price¥267.14
Fair Value¥141.53
Upside−47.0%
Quality59/100

A solid business, but trading 89% above our fair value of ¥141.53.

As of Sep 7, 2026, the fair value of Nanya New Material Technology Co Ltd is ¥141.53 per share against a price of ¥267.14, so the fair value sits 47% below the price. A model estimate from reported figures, not an analyst target.

!Mixed Growth (revenue 5y +19.8 %/yr)
!Thin margins · 6.1% net margin
!Low debt · negative free cash flow
·0.12% dividend yield
!Mixed vs. peers (7/12)
!Moderate moat 45/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 2 out of 100
Evidence: Medium Range ¥96.77 to ¥186.22

Fair value as of: Sep 7, 2026

From 17 valuation models · updated today

Fair value updated Sep 7, 2026, revised from ¥21.09 to ¥141.53 (+571.1%) since Aug 13, 2026. Share price +5.9% over the past month.

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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 (¥186.22). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥96.77 to ¥186.22) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥410.10 ¥11.63 Fair Value ¥141.53 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 7, 2026.

How to read this chart

60‑month range ¥11.63 – ¥410.10 · fair‑value band ¥96.77 – ¥186.22 · the ¥267.14 price screens above the ¥141.53 fair value. Dashed = 300-day average. As of Sep 7, 2026.

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Analysis

Nanya New Material Technology Co Ltd (688519) currently trades at ¥267.14, while our model-based Fair Value estimate is ¥141.53, implying the stock looks roughly 88.8% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥29.36 per share, and 0 of the 17 models we run sit above the ¥267.14 price. Bear case: the Multiples group reads lowest at ¥17.41, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Nanya New Material Technology Co Ltd generated revenue of 6.1B CNY at a net margin of 6.1%. Revenue grew 92.4% year over year. It earns a return on equity of 13.8%. Net debt stands at 1.3B CNY. Fundamentals as of Sep 7, 2026

Scenario range: ¥96.77 (bear) to ¥186.22 (bull), the price of ¥267.14 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 22% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −47%, 688519 screens cheaper than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥0.8973 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥1.54 to ¥43.36). Read the values as a conservative anchor, not as a price target.
Model 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. Evidence
Highest evidence
Residual Income best evidence ¥10.25 ¥11.06 ¥13.91 76
EPV ¥10.62 ¥12.21 ¥13.60 74
Owner Earnings ¥11.60 ¥23.32 ¥46.52 72
All 17 models by family
DCF Models
Owner Earnings ¥11.60 ¥23.32 ¥46.52 72
Earnings-Based
Graham-Dodd ¥6.96 ¥43.36 ¥60.54 63
Lynch FV ¥12.47 ¥17.82 ¥23.17 61
PEG = 1.0 ¥12.47 ¥17.82 ¥23.17 57
EPV ¥10.62 ¥12.21 ¥13.60 74
Dividend Discount
Gordon GGM ¥0.8800 ¥1.83 ¥2.91 66
DDM Multi-Stage ¥0.8800 ¥1.54 ¥1.92 66
Multiples
P/E Multiple ¥21.51 ¥28.68 ¥35.85 63
P/S Multiple ¥13.06 ¥17.41 ¥21.76 58
P/B Multiple ¥13.06 ¥17.41 ¥21.76 55
EV/EBIT ¥21.10 ¥27.77 ¥34.43 66
EV/EBITDA ¥25.29 ¥33.36 ¥41.42 67
EV/Revenue ¥11.21 ¥15.54 ¥19.88 54
Asset-Based
NCAV (Graham) ¥6.12 ¥8.20 ¥12.23 54
Economic Profit
Residual Income best evidence ¥10.25 ¥11.06 ¥13.91 76
ROIC Compounder ¥10.62 ¥12.21 ¥15.79 72
Growth Earnings
Growth-Adj P/E ¥20.55 ¥29.36 ¥38.17 67

Widest divergence: Growth Earnings (¥29.36) versus Dividend Discount (¥1.54). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 165.9
P/S ratio 7.64 P/E × margin
EPS (TTM) ¥1.61 price ÷ EPS = P/E 165.9
Dividend yield 0.1% payout 19.9%
Net margin 4.6% FY2025
Return on equity 13.8% TTM
More key figures
Profitability
Return on assets (EBIT) 2.2% avg 5y
Operating margin 9.4% TTM
Growth
Revenue (TTM) 6.1B CNY TTM
Revenue growth (YoY) +92.4% 3y avg +11.4%
EPS growth (YoY) +622%
Balance sheet & cash flow
Free cash flow −118M CNY FY2025
Net debt 1.3B CNY FY2025

Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 55 · Market factors (momentum, volatility) 64

Profitability 35
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 90
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.

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

Nanya New Material Technology Co.,Ltd engages in the design, research and development, production, and sales of composite materials in China and internationally. The company offers FR-4, FR-15, automotive, HSD, and RF materials.

Full company description

Nanya New Material Technology Co.,Ltd engages in the design, research and development, production, and sales of composite materials in China and internationally. The company offers FR-4, FR-15, automotive, HSD, and RF materials. Its products are used for communication equipment, smartphone, new energy, industrial control, medical devices, high-end servers, new energy vehicles, IC substrate, aerospace, and smart home. The company was incorporated in 2000 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nanya New Material Technology Co Ltd reported revenue of 5.2B CNY in FY2025 versus 4.2B CNY in FY2021, a compound +5.6%/yr. Reported net income was 241M CNY in FY2025, compounding −11.9%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.2B CNY
Latest YoY
+55.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.8%
Avg. revenue growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +4.6%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+4.5%
Dividend yield0.1%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 4.5% vs 10Y 16.9%, flattening
Operating margin (EBIT) 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.7.2% (2020) → 5.0% (2025) · falling
Worst earnings drop134% (2023) (loss year, drop beyond 100%) · in CNY
⚠ Final year 2025 sits 410% above trend (one-off), rate approximate
Revenue +5.6%/yr
FY21 4.2B CNY
FY22 3.8B CNY
FY23 3.0B CNY
FY24 3.4B CNY
FY25 5.2B CNY
Net income −11.9%/yr
FY21 399M CNY
FY22 45.0M CNY
FY23 −129M CNY
FY24 50.3M CNY
FY25 241M CNY
Character of growth · EPS growth decomposed (2015-2025) +11.7 % p.a.
Revenue per share +17.4 %

of which total revenue +18.9 % · buybacks/dilution −1.2 %

EBIT margin −4.6 %
Tax rate +0.4 %
Residual (interest, one-offs) −0.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

688519 screens 89% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Nanya New Material Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688519

Peer Group

Electronic Components · 640 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
Quality Score 59 · Above median
Profitability
Return on equity (TTM) 14% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Growth and dividend
Revenue growth 92% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 165.9× · Priciest 25%
P/B 23.30× · Priciest 25%
P/S (TTM) 10.97× · Priciest 25%

Context: sector, industry, market

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 40
PAST55 · sector 25
HEALTH99 · sector 95
DIVIDEND2 · sector 24

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $82.78 $97.19 +17%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥178.67 ¥21.19 −88%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Nanya New Material Technology Co Ltd (688519) overvalued or undervalued?
As of Sep 7, 2026, our model estimates a fair value of ¥141.53 versus a price of ¥267.14, about −47% upside (overvalued).
What is the fair value of 688519?
Our model-based fair value for Nanya New Material Technology Co Ltd is ¥141.53 (as of Sep 7, 2026), built from audited fundamentals. The current price: ¥267.14.
What is the quality score of 688519?
Nanya New Material Technology Co Ltd has a Quality Score of 59/100. 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 Nanya New Material Technology Co Ltd (688519)?
Our model-based price target is the fair value of ¥141.53 (as of Sep 7, 2026) from 17 valuation models. Cautious scenario ¥96.77, optimistic scenario ¥186.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Nanya New Material Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥141.53, about −47% upside versus a price of ¥267.14 (overvalued). Cautious scenario ¥96.77, optimistic scenario ¥186.22. The calculation is refreshed regularly with new filings.
What is the revenue of Nanya New Material Technology Co Ltd (688519)?
Nanya New Material Technology Co Ltd reported trailing-twelve-month revenue of about 6.1B CNY (latest available figure, as of Sep 7, 2026).
What is the net profit margin of 688519?
The net profit margin of Nanya New Material Technology Co Ltd is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.
Does Nanya New Material Technology Co Ltd pay a dividend?
Nanya New Material Technology Co Ltd currently shows a dividend yield of about 0.12% relative to its recent price (as of Sep 7, 2026).
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