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Suzhou SONAVOX Electronics Co (688533) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 3.8B CNY

SS Suzhou SONAVOX Electronics Co 688533 · SHG
Price¥21.46
Fair Value¥20.72
Upside-3.5%
Quality47/100
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Expensive Growth
Thin margins · 5.8% net margin
Low debt · generates free cash flow
1.53% dividend yield
Mixed vs. peers (8/14)
Narrow moat 42/100
Evidence: High Range ¥10.17 – ¥26.65 Share as image

Fair value as of: Jul 12, 2026

From 25 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥22.19 to ¥20.72 (−6.6%) since Jun 24, 2026. Share price +1.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (¥10.17 to ¥26.65). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

¥81.10 ¥14.91 Fair Value ¥20.72 Apr 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 ¥14.91 – ¥81.10 · fair‑value band ¥10.17 – ¥26.65 · the ¥21.46 price screens above the ¥20.72 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Suzhou SONAVOX Electronics Co (688533) currently trades at ¥21.46, while our model-based Fair Value estimate is ¥20.72, implying the stock looks roughly 3.5% fairly valued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical 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, Suzhou SONAVOX Electronics Co generated revenue of 3.1B CNY at a net margin of 5.8%. Revenue grew 8.1% year over year. It earns a return on equity of 10.2%. Net debt stands at 494M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥10.17 (bear case) to ¥26.65 (bull case); at ¥21.46, the current price sits within 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 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -3%, 688533 screens cheaper 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
Growth DCF ¥1.42 ¥3.03 ¥5.73 80
Residual Income ¥9.24 ¥10.32 ¥16.76 76
ROIC Compounder ¥10.17 ¥13.69 ¥17.41 72
All 25 models by family
DCF Models
FCF DCF ¥1.48 ¥2.74 ¥5.98 38
Owner Earnings ¥4.35 ¥9.27 ¥18.72 31
5Y Revenue Exit ¥8.85 ¥19.60 ¥36.51 39
5Y EBITDA Exit ¥13.10 ¥29.13 ¥52.46 41
5Y P/E Exit ¥12.56 ¥28.37 ¥48.42 38
10Y Revenue Exit ¥6.01 ¥15.77 ¥31.91 36
10Y EBITDA Exit ¥9.32 ¥23.13 ¥48.26 37
10Y P/E Exit ¥8.96 ¥22.19 ¥44.61 35
Earnings-Based
Graham-Dodd ¥7.59 ¥47.82 ¥66.80 54
Lynch FV ¥13.80 ¥19.71 ¥25.62 50
PEG = 1.0 ¥13.80 ¥19.71 ¥25.62 46
EPV ¥10.17 ¥11.81 ¥13.22 59
Dividend Discount
Gordon GGM ¥3.47 ¥6.91 ¥10.47 70
DDM Multi-Stage ¥3.47 ¥5.97 ¥7.30 61
Multiples
P/E Multiple ¥18.41 ¥24.55 ¥30.69 63
P/S Multiple ¥14.23 ¥18.97 ¥23.71 58
P/B Multiple ¥14.23 ¥18.97 ¥23.71 55
EV/EBIT ¥17.56 ¥23.49 ¥29.42 53
EV/EBITDA ¥19.01 ¥25.42 ¥31.83 54
EV/Revenue ¥11.77 ¥16.91 ¥22.04 43
Asset-Based
NCAV (Graham) ¥5.24 ¥7.02 ¥10.48 50
Growth DCF
Growth DCF ¥1.42 ¥3.03 ¥5.73 80
Economic Profit
Residual Income ¥9.24 ¥10.32 ¥16.76 76
ROIC Compounder ¥10.17 ¥13.69 ¥17.41 72
Growth Earnings
Growth-Adj P/E ¥20.06 ¥28.66 ¥37.26 68

Widest divergence: Growth Earnings (¥28.66) versus Growth DCF (¥3.03). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.1B CNY
Revenue growth (YoY) +8.1%
Net margin 5.8%
Return on equity 10.2%
Free cash flow 20.0M CNY FY2025
P/E ratio 23.0
More key figures
Operating margin 8.6%
EPS (TTM) ¥1.00
Dividend yield 1.5%
EPS growth (YoY) -11.8%
Net debt 494M CNY FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 32

Profitability 39
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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.

About the company

Suzhou SONAVOX Electronics Co.,Ltd. engages in loudspeaker manufacturing worldwide. It offers woofer, tweeter, midrange, and subwoofer loudspeakers; amplifiers; acoustic vehicle alerting systems; and services in the design of complete sound systems. The company was founded in 1975 and is headquartered in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Suzhou SONAVOX Electronics Co reported revenue of ¥3.0B in FY2025 versus ¥1.3B in FY2021, a compound +23.4%/yr. Reported net income was ¥184M in FY2025, compounding +32.0%/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)
3.0B CNY
Latest YoY
+8.9%
Avg. growth/yr (3Y)
+19.6%
Avg. growth/yr (5Y)
+22.7%
Avg. growth/yr (8Y)
+12.0%
Revenue +23.4%/yr
FY21 ¥1.3B
FY22 ¥1.8B
FY23 ¥2.3B
FY24 ¥2.8B
FY25 ¥3.0B
Net income +32.0%/yr
FY21 ¥60.7M
FY22 ¥87.2M
FY23 ¥159M
FY24 ¥235M
FY25 ¥184M

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Cite: Fair Value Calculator (2026). "Suzhou SONAVOX Electronics Co Fair Value". https://www.fairvalue-calculator.com/stock/688533

Peer Group

Auto Parts · 642 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 47 · Below median
Fair Value upside −3% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 1.5% · Above median
Debt / equity 0.30× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 23.0× · Cheaper than median
P/B 2.19× · Pricier than median
P/S (TTM) 1.24× · Pricier than median
P/FCF 28.2× · Pricier than 75% of peers
EV/EBITDA 11.7× · Pricier than median

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 29 · sector 17
FUTURE 41 · sector 23
PAST 41 · sector 26
HEALTH 85 · sector 95
DIVIDEND 31 · sector 30

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.

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Frequently asked questions

Is Suzhou SONAVOX Electronics Co (688533) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥20.72 versus a price of ¥21.46, about −3% (fairly valued).
What is the fair value of 688533?
Our model-based fair value for Suzhou SONAVOX Electronics Co is ¥20.72 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥21.46.
What is the quality score of 688533?
Suzhou SONAVOX Electronics Co has a Quality Score of 47/100. 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 Suzhou SONAVOX Electronics Co (688533)?
Suzhou SONAVOX Electronics Co reported trailing-twelve-month revenue of about 3.1B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688533?
The net profit margin of Suzhou SONAVOX Electronics Co is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.
Does Suzhou SONAVOX Electronics Co pay a dividend?
Suzhou SONAVOX Electronics Co currently shows a dividend yield of about 1.53% 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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