Hangzhou AGS MedTech Co. Ltd. A (688581) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hangzhou AGS MedTech Co. Ltd. A ¥61.94, price ¥56.31, upside +10.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
40‑month range ¥43.37 – ¥89.10 · fair‑value band ¥38.64 – ¥73.87 · the ¥56.31 price screens below the ¥61.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Hangzhou AGS MedTech Co., Ltd., together with its subsidiaries, engages in the research, development, production, sale, and service of endoscopic minimally invasive diagnostic and therapeutic instruments in China and internationally.
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Hangzhou AGS MedTech Co., Ltd., together with its subsidiaries, engages in the research, development, production, sale, and service of endoscopic minimally invasive diagnostic and therapeutic instruments in China and internationally. The company offers hemostasis products, including hemoclips and traction clips; biopsy products, such as disposable biopsy, swinging biopsy, and grasping forceps; and EMR products comprising polypectomy snares and disposable sclerotherapy needles. It also provides ESD products, which include electrosurgical generators, endoscopic C02 regulation units, endoscopic water pumps, single use electrosurgical knife combination, and bipolar coagulation forceps; ERCP products, such as disposable guide wires, disposable stone extraction baskets, stone retrieval balloons, and sphincterotome; and disposable endoscope cleaning brushes. The company was incorporated in 2010 and is headquartered in Hangzhou, China.
Stock analysis
Hangzhou AGS MedTech Co. Ltd. A (688581) currently trades at ¥56.31, while our model-based Fair Value estimate is ¥61.94, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥66.93 per share, and 8 of the 24 models we run sit above the ¥56.31 price.
Bear case: the Asset-Based group reads lowest at ¥20.88, and 16 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥38.64 (bear) to ¥73.87 (bull), the price of ¥56.31 sits inside 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 48/100 (below-average quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hangzhou AGS MedTech Co. Ltd. A reported revenue of 594M CNY in FY2025 versus 305M CNY in FY2021, a compound +18.1%/yr. Reported net income was 222M CNY in FY2025, compounding +20.6%/yr from FY2021.
Key figures
Market cap 4.6B CNY (≈ $682M) · P/E ratio 21.2 · P/S ratio 7.93 · EPS (TTM) ¥2.65 · Dividend yield 1.8% · Net margin 37.3% · Return on equity 8.6% · Return on assets (EBIT) 30.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 5% fair-value upside, at 10%, 688581 screens cheaper than that median.
Fair Value models
Bear ¥38.64Fair Value ¥61.94Bull ¥73.87
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥1.18 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.Evidence ⓘEvidence = 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+17.0%
’21
’22
’23
’24
’25
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.
+11.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.6%
Dividend (yield on the price)1.8%
Profit margin 2021 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.100% → 38%
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).
+24.2%
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 +22.1% a year for the price.
Compare Hangzhou AGS MedTech Co. Ltd. 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.Medical Devices · 361 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)9% · Above median
Return on assets5% · Above median
Net margin (TTM)36% · Top 25%
Operating margin (TTM)37% · Top 25%
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)1.8% · Below median
Valuation Multiplesvs Medical Devices median · lower = cheaper
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). "Hangzhou AGS MedTech Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688581
Frequently asked questions
Is Hangzhou AGS MedTech Co. Ltd. A (688581) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥61.94 versus a price of ¥56.31, about +10% upside (undervalued).
What is the fair value of 688581?
Our model-based fair value for Hangzhou AGS MedTech Co. Ltd. A is ¥61.94 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥56.31.
What is the quality score of 688581?
Hangzhou AGS MedTech Co. Ltd. A has a Quality Score of 48/100. 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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
Our model-based price target is the fair value of ¥61.94 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ¥38.64, optimistic scenario ¥73.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Hangzhou AGS MedTech Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥61.94, about +10% upside versus a price of ¥56.31 (undervalued). Cautious scenario ¥38.64, optimistic scenario ¥73.87. The calculation is refreshed regularly with new filings.
What is the revenue of Hangzhou AGS MedTech Co. Ltd. A (688581)?
Hangzhou AGS MedTech Co. Ltd. A reported trailing-twelve-month revenue of about 593M CNY (latest available figure, as of Sep 24, 2026).
Does Hangzhou AGS MedTech Co. Ltd. A pay a dividend?
Hangzhou AGS MedTech Co. Ltd. A currently shows a dividend yield of about 1.85% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hangzhou AGS MedTech Co. Ltd. A (688581)?
For today's price to be fair in a discounted-cash-flow model, Hangzhou AGS MedTech Co. Ltd. A would have to grow free cash flow by +24.2 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +18.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 688581 use?
Our models discount Hangzhou AGS MedTech Co. Ltd. A at 10.4 %: a base by market capitalisation (small), damped by beta 0.48, 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 Hangzhou AGS MedTech Co. Ltd. A that is +24.2 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Hangzhou AGS MedTech Co. Ltd. A (688581) delivered so far?
Over the past 4 years revenue at Hangzhou AGS MedTech Co. Ltd. A grew +18.1 % a year. The price currently implies +24.2 % 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 Hangzhou AGS MedTech Co. Ltd. A (688581) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Hangzhou AGS MedTech Co. Ltd. A (+24.2 % 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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
The free-cash-flow yield on the price is 1.92 %: that much free cash flow Hangzhou AGS MedTech Co. Ltd. A produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hangzhou AGS MedTech Co. Ltd. A (688581)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hangzhou AGS MedTech Co. Ltd. A it is ¥61.94 per share (as of Sep 24, 2026), against a price of ¥56.31. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Hangzhou AGS MedTech Co. Ltd. A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 688581 trades below its calculated fair value: price ¥56.31, fair value ¥61.94, a gap of about +10% (undervalued). 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 688581?
No. The price is what the market pays today (¥56.31); the fair value is what the company's own numbers justify (¥61.94). For Hangzhou AGS MedTech Co. Ltd. A the two are ¥5.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hangzhou AGS MedTech Co. Ltd. A worth?
The market values Hangzhou AGS MedTech Co. Ltd. A at about 4.6B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥56.31; our models calculate a fair value of ¥61.94 per share.
What do the bullish and bearish scenarios say about 688581?
Our models span a range for Hangzhou AGS MedTech Co. Ltd. A: cautious scenario ¥38.64, base ¥61.94, optimistic ¥73.87 per share (as of Sep 24, 2026, price ¥56.31). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688581?
Hangzhou AGS MedTech Co. Ltd. A trades at a price-to-earnings ratio of 21.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥61.94 is built from several models across several years. Other multiples: P/B 1.8, P/S 7.7, EV/EBITDA 15.7.
How solid is the balance sheet of Hangzhou AGS MedTech Co. Ltd. A (688581)?
Balance-sheet figures for Hangzhou AGS MedTech Co. Ltd. A (as of Sep 24, 2026): return on equity 8.6%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 688581 from its 52-week high?
Hangzhou AGS MedTech Co. Ltd. A trades at ¥56.31, about 23% below its 52-week high of ¥73.50 and 13% above the low of ¥49.78 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥61.94 is for.
Which stocks are comparable to Hangzhou AGS MedTech Co. Ltd. A?
From the same area (Healthcare) we also value Abbott Laboratories,, Stryker Corporation, Medtronic plc, Boston Scientific 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 Hangzhou AGS MedTech Co. Ltd. A stock attractive at the current price?
The data as of Sep 24, 2026: price ¥56.31, calculated fair value ¥61.94 (+10%), Quality Score 48/100, from 24 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 688581 calculated?
We run Hangzhou AGS MedTech Co. Ltd. A through 24 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 ¥61.94, 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 14.1 % above its aggregate fair value. Hangzhou AGS MedTech Co. Ltd. A currently trades 10 % below its own fair value, and the market average says nothing about that. 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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
The closing price on Sep 23, 2026 was ¥56.31. Our model-based fair value is ¥61.94, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hangzhou AGS MedTech Co. Ltd. A right now?
A fairly wide model range (¥38.64 to ¥73.87) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Hangzhou AGS MedTech Co. Ltd. A
How large is the market capitalisation of Hangzhou AGS MedTech Co. Ltd. A (688581)?
The market capitalisation of Hangzhou AGS MedTech Co. Ltd. A is 4.6B CNY (≈ $682M). 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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
The price-to-sales ratio of Hangzhou AGS MedTech Co. Ltd. A is 7.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hangzhou AGS MedTech Co. Ltd. A (688581)?
Earnings per share at Hangzhou AGS MedTech Co. Ltd. A are ¥2.65 (price ÷ EPS = P/E 21.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hangzhou AGS MedTech Co. Ltd. A (688581)?
The dividend yield of Hangzhou AGS MedTech Co. Ltd. A is 1.8% (payout 39.2%). 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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
The net margin of Hangzhou AGS MedTech Co. Ltd. A is 37.3% (fiscal year 2025). 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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
The return on equity (ROE) of Hangzhou AGS MedTech Co. Ltd. A is 8.6% (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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
On an EBIT basis the return on assets of Hangzhou AGS MedTech Co. Ltd. A is 30.5% (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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
The operating margin of Hangzhou AGS MedTech Co. Ltd. A is 37.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hangzhou AGS MedTech Co. Ltd. A (688581)?
Revenue at Hangzhou AGS MedTech Co. Ltd. A is growing −7.3% versus a year earlier (3y avg +17.0%). 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 Hangzhou AGS MedTech Co. Ltd. A (688581)?
Earnings per share at Hangzhou AGS MedTech Co. Ltd. A are growing −12.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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