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NanJing GOVA Technology Co (688539) Fair Value & Analysis

Technology · CN · Market cap 4.9B CNY

NG NanJing GOVA Technology Co 688539 · SHG
Price¥26.34
Fair Value¥6.44
Upside-75.6%
Quality41/100
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Expensive Growth
Solidly profitable · 13.4% net margin
negative free cash flow
0.71% dividend yield
Trails peers (1/11)
Narrow moat 32/100
Evidence: High Range ¥4.83 – ¥8.06 Share as image

Fair value as of: Aug 12, 2026

From 16 valuation models · updated today

Share price −23.9% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥8.06). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (3 years)

¥56.82 ¥18.79 Fair Value ¥6.44 Apr 2023 Aug 2026

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

How to read this chart

40‑month range ¥18.79 – ¥56.82 · fair‑value band ¥4.83 – ¥8.06 · the ¥26.34 price screens above the ¥6.44 fair value. Dashed = 300-day average. As of Aug 12, 2026.

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Analysis

NanJing GOVA Technology Co (688539) currently trades at ¥26.34, while our model-based Fair Value estimate is ¥6.44, implying the stock looks roughly 75.6% overvalued today. The Quality Score stands at 41/100 (below-average 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, NanJing GOVA Technology Co generated revenue of 392M CNY at a net margin of 13.4%. Revenue declined 21.1% year over year. It earns a return on equity of 3.0%. The stock trades on a trailing P/E of 113.0. Fundamentals as of Aug 12, 2026

Our scenario range runs from ¥4.83 (bear case) to ¥8.06 (bull case); at ¥26.34, 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 55% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -76%, 688539 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 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 ¥6.86 ¥6.74 ¥5.81 76
Gordon GGM ¥1.76 ¥3.50 ¥5.30 70
Growth-Adj P/E ¥5.02 ¥7.17 ¥9.32 68
All 16 models by family
Earnings-Based
Graham-Dodd ¥2.19 ¥12.23 ¥16.98 54
Lynch FV ¥3.42 ¥4.89 ¥6.35 50
PEG = 1.0 ¥3.42 ¥4.89 ¥6.35 46
EPV ¥4.68 ¥5.20 ¥5.65 59
Dividend Discount
Gordon GGM ¥1.76 ¥3.50 ¥5.30 70
DDM Multi-Stage ¥1.76 ¥3.03 ¥3.70 61
Multiples
P/E Multiple ¥4.83 ¥6.44 ¥8.06 63
P/S Multiple ¥4.09 ¥5.45 ¥6.82 58
P/B Multiple ¥4.11 ¥5.48 ¥6.85 55
EV/EBIT ¥7.57 ¥9.63 ¥11.69 53
EV/EBITDA ¥6.68 ¥8.44 ¥10.20 54
EV/Revenue ¥5.22 ¥6.86 ¥8.49 43
Asset-Based
NCAV (Graham) ¥4.72 ¥6.32 ¥9.44 50
Economic Profit
Residual Income ¥6.86 ¥6.74 ¥5.81 76
ROIC Compounder ¥4.68 ¥5.20 ¥5.65 67
Growth Earnings
Growth-Adj P/E ¥5.02 ¥7.17 ¥9.32 68

Widest divergence: Growth Earnings (¥7.17) versus Dividend Discount (¥3.03). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 392M CNY
Revenue growth (YoY) -21.1%
Net margin 13.4%
Return on equity 3.0%
Free cash flow −62.2M CNY FY2025
P/E ratio 113.0
More key figures
Operating margin -6.6%
EPS (TTM) ¥0.2800
Dividend yield 0.6%
EPS growth (YoY) -16.8%

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 26

Profitability 29
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 82
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

NanJing GOVA Technology Co., Ltd. engages in the research, design, development, production, and sale of sensors and sensor network systems in China.

Full company description

NanJing GOVA Technology Co., Ltd. engages in the research, design, development, production, and sale of sensors and sensor network systems in China. It offers wireless sensor, pressure sensor, Piezoresistive Silicon Universal Pressure Transmitter, temperature sensor, level measurement transmitter, monocrystal silicon pressure sensor, vibration, displacement, and acceleration, and LIDAR sensors. The company was founded in 2000 and is based in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NanJing GOVA Technology Co reported revenue of ¥406M in FY2025 versus ¥226M in FY2021, a compound +15.7%/yr. Reported net income was ¥59.9M in FY2025, compounding −3.8%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
406M CNY
Latest YoY
+17.3%
Avg. 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.
+13.7%
Revenue +15.7%/yr
FY21 ¥226M
FY22 ¥276M
FY23 ¥341M
FY24 ¥346M
FY25 ¥406M
Net income −3.8%/yr
FY21 ¥70.0M
FY22 ¥81.2M
FY23 ¥96.3M
FY24 ¥55.6M
FY25 ¥59.9M

688539 screens 76% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "NanJing GOVA Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/688539

Peer Group

Electronic Components · 631 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 41 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 94.8× · Pricier than 75% of peers
P/B 2.81× · Pricier than median
P/S (TTM) 12.59× · 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 32
PAST 12 · sector 24
HEALTH 0 · sector 95
DIVIDEND 14 · 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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 12, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is NanJing GOVA Technology Co (688539) overvalued or undervalued?
As of Aug 12, 2026, our model estimates a fair value of ¥6.44 versus a price of ¥26.34, about −76% (overvalued).
What is the fair value of 688539?
Our model-based fair value for NanJing GOVA Technology Co is ¥6.44 (as of Aug 12, 2026), built from audited fundamentals. The current price is ¥26.34.
What is the quality score of 688539?
NanJing GOVA Technology Co has a Quality Score of 41/100. 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 NanJing GOVA Technology Co (688539)?
NanJing GOVA Technology Co reported trailing-twelve-month revenue of about 392M CNY (latest available figure, as of Aug 12, 2026).
What is the net profit margin of 688539?
The net profit margin of NanJing GOVA Technology Co is about 13.4%, meaning it keeps roughly 13.4% of revenue as net income. Based on the latest reported figures.
Does NanJing GOVA Technology Co pay a dividend?
NanJing GOVA Technology Co currently shows a dividend yield of about 0.64% relative to its recent price (as of Aug 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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