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COMNAV ORD A (SHH) EQSW Exp: (688592) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of COMNAV ORD A (SHH) EQSW Exp: ¥4.12, price ¥22.10, upside -81.4%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · CN · ISIN CNE1000078D0

CO Thin data Sep 24, 2026

COMNAV ORD A (SHH) EQSW Exp:

688592 · SHG

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥4.12 · Strongly overvalued (−81.4%)
!Quality 44/100
!Expensive Growth (revenue 3y +16.5 %/yr)
!Thin margins · 3.4% net margin (TTM)
!Low debt · negative free cash flow
!0.2% dividend yield · Token dividend
!Trails peers (3/12)
!Narrow moat 21/100
!Evidence only low, so the estimate is less certain
!Weak on past: 8 out of 100
!Weak on dividend: 5 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥42.21 ¥14.34 Fair Value ¥4.12 Aug 2023 Sep 2026

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

37‑month range ¥14.34 – ¥42.21 · fair‑value band ¥2.88 – ¥4.75 · the ¥22.10 price screens above the ¥4.12 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

ComNav Technology Ltd. develops, manufactures, and sells global navigation satellite system (GNSS) original equipment manufacturer boards, receivers, and solutions for high precision positioning applications worldwide.

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ComNav Technology Ltd. develops, manufactures, and sells global navigation satellite system (GNSS) original equipment manufacturer boards, receivers, and solutions for high precision positioning applications worldwide. Its products include GNSS chips and modules; RTK measurement terminal; agricultural machinery navigation system' monitoring system; wearable devices; navigation application products; foundation reinforcement products; digital construction system; 3D laser measurement and marine mapping system. It also offers solutions including surveying and mapping; UAV aerial survey; deformation monitoring; intelligent navigation; smart internet of things; and precision agriculture. ComNav Technology Ltd. was founded in 2012 and is headquartered in Shanghai, China.

Stock analysis

COMNAV ORD A (SHH) EQSW Exp: (688592) currently trades at ¥22.10, while our model-based Fair Value estimate is ¥4.12, 81.4% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of ¥5.52 per share, and 0 of the 16 models we run sit above the ¥22.10 price.

Bear case: the Dividend Discount group reads lowest at ¥0.8000, and 16 of the 16 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥2.88 (bear) to ¥4.75 (bull), the price of ¥22.10 sits above 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 44/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

COMNAV ORD A (SHH) EQSW Exp: reported revenue of 530M CNY in FY2025 versus 288M CNY in FY2021, a compound +16.5%/yr. Reported net income was 15.8M CNY in FY2025, compounding −14.3%/yr from FY2021.

Key figures

Market cap 2.8B CNY (≈ $420M) · P/E ratio 138.1 · P/S ratio 4.10 · EPS (TTM) ¥0.1600 · Dividend yield 0.2% · Net margin 3.0% · Return on equity 2.0% · Return on assets (EBIT) 4.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 40% 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 −62% fair-value upside, at −81%, 688592 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥0.8000 to ¥13.94). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥2.88 Fair Value ¥4.12 Bull ¥4.75
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 (¥0.0794 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. 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.
Highest evidence
Residual Income ¥5.40 ¥5.00 ¥4.82 73
EPV ¥7.32 ¥7.65 ¥7.92 71
ROIC Compounder ¥7.32 ¥7.65 ¥7.92 69
All 16 models by family
Earnings-Based
Graham-Dodd ¥0.9200 ¥6.20 ¥8.68 60
Lynch FV ¥1.81 ¥2.59 ¥3.37 58
PEG = 1.0 ¥1.81 ¥2.59 ¥3.37 55
EPV ¥7.32 ¥7.65 ¥7.92 71
Dividend Discount
Gordon GGM ¥0.4900 ¥0.8800 ¥1.21 65
DDM Multi-Stage ¥0.4900 ¥0.8000 ¥0.9400 64
Multiples
P/E Multiple ¥2.85 ¥3.80 ¥4.75 63
P/S Multiple ¥1.73 ¥2.31 ¥2.88 58
P/B Multiple ¥1.73 ¥2.31 ¥2.88 55
EV/EBIT ¥11.69 ¥13.94 ¥16.18 66
EV/EBITDA ¥11.36 ¥13.50 ¥15.63 67
EV/Revenue ¥8.36 ¥9.82 ¥11.28 54
Asset-Based
NCAV (Graham) ¥4.12 ¥5.52 ¥8.23 54
Economic Profit
Residual Income ¥5.40 ¥5.00 ¥4.82 73
ROIC Compounder ¥7.32 ¥7.65 ¥7.92 69
Growth Earnings
Growth-Adj P/E ¥2.88 ¥4.12 ¥5.36 65

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Quality Score breakdown

Overall quality 44/100

Of which business quality 47 · Market factors (momentum, volatility) 19

Profitability 26
Margins and returns on capital today
Quality Growth 92
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 42
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+28.5%
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.
+16.5%
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. Basis: EBIT basis.
+0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.7%
Dividend (yield on the price)0.2%
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.11% → 8%

688592 screens overvalued: fair value 81% below the price. Compare with Cisco Systems, Inc →

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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.Communication Equipment · 299 stocks

Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside −81.4% · Bottom 25%
Profitability
Return on equity (TTM) 2.0% · Below median
Return on assets −0.1% · Below median
Net margin (TTM) 3.4% · Above median
Operating margin (TTM) −9.3% · Bottom 25%
Growth and dividend
Revenue growth 49.7% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiplesvs Communication Equipment median · lower = cheaper

P/E (TTM) 138.1× · Priciest 25%
P/B 2.94× · Pricier than median
P/S (TTM) 5.09× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 49
PAST (return on equity)8 · sector 17
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)5 · sector 24

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $107.63 $118.39 +10%
Foxconn Industrial Internet Co 601138 ¥61.00 ¥13.99 −77%
Zhongji Innolight Co 300308 ¥895.86 ¥342.18 −62%
Eoptolink Technology Inc 300502 ¥435.00 ¥289.12 −34%
Motorola Solutions, Inc MSI $445.97 $249.04 −44%
Nokia Oyj NOKIA €9.19 €3.15 −66%
Ciena Corporation CIEN $356.91 $48.70 −86%
Suzhou TFC Optical Communication Co 300394 ¥267.93 ¥87.34 −67%
Ubiquiti Inc UI $609.64 $670.60 +10%
Yangtze Optical Fibre And Cable Joint Stock Limited 6869 HK$186.50 HK$32.66 −82%

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COMNAV ORD A (SHH) EQSW Exp: · Fair Value
¥4.12 −81%Fair Value
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Cite: Fair Value Calculator (2026). "COMNAV ORD A (SHH) EQSW Exp: Fair Value". https://www.fairvalue-calculator.com/stock/688592

Frequently asked questions

Is COMNAV ORD A (SHH) EQSW Exp: (688592) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥4.12 versus a price of ¥22.10, about −81% upside (overvalued).
What is the fair value of 688592?
Our model-based fair value for COMNAV ORD A (SHH) EQSW Exp: is ¥4.12 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥22.10.
What is the quality score of 688592?
COMNAV ORD A (SHH) EQSW Exp: has a Quality Score of 44/100. 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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
Our model-based price target is the fair value of ¥4.12 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario ¥2.88, optimistic scenario ¥4.75. It is a calculation from audited fundamentals, not an analyst target.
What is the COMNAV ORD A (SHH) EQSW Exp: stock forecast for 2026?
Our models put fair value at ¥4.12, about −81% upside versus a price of ¥22.10 (overvalued). Cautious scenario ¥2.88, optimistic scenario ¥4.75. The calculation is refreshed regularly with new filings.
What is the revenue of COMNAV ORD A (SHH) EQSW Exp: (688592)?
COMNAV ORD A (SHH) EQSW Exp: reported trailing-twelve-month revenue of about 552M CNY (latest available figure, as of Sep 24, 2026).
Does COMNAV ORD A (SHH) EQSW Exp: pay a dividend?
COMNAV ORD A (SHH) EQSW Exp: currently shows a dividend yield of about 0.25% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of COMNAV ORD A (SHH) EQSW Exp: (688592)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For COMNAV ORD A (SHH) EQSW Exp: it is ¥4.12 per share (as of Sep 24, 2026), against a price of ¥22.10. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is COMNAV ORD A (SHH) EQSW Exp: stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 688592 trades above its calculated fair value: price ¥22.10, fair value ¥4.12, a gap of about −81% (overvalued). 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 688592?
No. The price is what the market pays today (¥22.10); the fair value is what the company's own numbers justify (¥4.12). For COMNAV ORD A (SHH) EQSW Exp: the two are ¥17.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is COMNAV ORD A (SHH) EQSW Exp: worth?
The market values COMNAV ORD A (SHH) EQSW Exp: at about 2.8B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥22.10; our models calculate a fair value of ¥4.12 per share.
What do the bullish and bearish scenarios say about 688592?
Our models span a range for COMNAV ORD A (SHH) EQSW Exp:: cautious scenario ¥2.88, base ¥4.12, optimistic ¥4.75 per share (as of Sep 24, 2026, price ¥22.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688592?
COMNAV ORD A (SHH) EQSW Exp: trades at a price-to-earnings ratio of 138.1 (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 ¥4.12 is built from several models across several years. Other multiples: P/B 2.9, P/S 5.1.
How solid is the balance sheet of COMNAV ORD A (SHH) EQSW Exp: (688592)?
Balance-sheet figures for COMNAV ORD A (SHH) EQSW Exp: (as of Sep 24, 2026): return on equity 2.0%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 688592 from its 52-week high?
COMNAV ORD A (SHH) EQSW Exp: trades at ¥22.10, about 40% below its 52-week high of ¥36.99 and 7% above the low of ¥20.68 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.12 is for.
Which stocks are comparable to COMNAV ORD A (SHH) EQSW Exp:?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, 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 COMNAV ORD A (SHH) EQSW Exp: stock attractive at the current price?
The data as of Sep 24, 2026: price ¥22.10, calculated fair value ¥4.12 (−81%), Quality Score 44/100, from 16 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 688592 calculated?
We run COMNAV ORD A (SHH) EQSW Exp: through 16 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 ¥4.12, 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 14.5 % above its aggregate fair value. COMNAV ORD A (SHH) EQSW Exp: itself currently trades above fair value. 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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
The closing price on Sep 30, 2026 was ¥22.10. Our model-based fair value is ¥4.12, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with COMNAV ORD A (SHH) EQSW Exp: right now?
The price sits above even our optimistic bull case (¥4.75). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of COMNAV ORD A (SHH) EQSW Exp:

How large is the market capitalisation of COMNAV ORD A (SHH) EQSW Exp: (688592)?
The market capitalisation of COMNAV ORD A (SHH) EQSW Exp: is 2.8B CNY (≈ $420M). 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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
The price-to-sales ratio of COMNAV ORD A (SHH) EQSW Exp: is 4.10 (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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
Earnings per share at COMNAV ORD A (SHH) EQSW Exp: are ¥0.1600 (price ÷ EPS = P/E 138.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of COMNAV ORD A (SHH) EQSW Exp: (688592)?
The dividend yield of COMNAV ORD A (SHH) EQSW Exp: is 0.2% (payout 34.4%). 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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
The net margin of COMNAV ORD A (SHH) EQSW Exp: is 3.0% (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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
The return on equity (ROE) of COMNAV ORD A (SHH) EQSW Exp: is 2.0% (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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
On an EBIT basis the return on assets of COMNAV ORD A (SHH) EQSW Exp: is 4.5% (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 COMNAV ORD A (SHH) EQSW Exp: (688592)?
The operating margin of COMNAV ORD A (SHH) EQSW Exp: is −9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at COMNAV ORD A (SHH) EQSW Exp: (688592)?
Revenue at COMNAV ORD A (SHH) EQSW Exp: is growing +49.7% versus a year earlier (3y avg +16.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does COMNAV ORD A (SHH) EQSW Exp: (688592) generate?
The free cash flow of COMNAV ORD A (SHH) EQSW Exp: is −78.3M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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