Bestechnic (Shanghai) Co (688608) Fair Value & Analysis
Technology · CN · Market cap 24.7B CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 29 days ago
Share price −2.4% over the past month.
A solid business, but screening 38% overvalued on our models.
What matters now
- A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥87.18). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
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 ¥64.51 – ¥317.00 · fair‑value band ¥52.31 – ¥87.18 · the ¥112.31 price screens above the ¥69.74 fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Bestechnic (Shanghai) Co (688608) currently trades at ¥112.31, while our model-based Fair Value estimate is ¥69.74, implying the stock looks roughly 37.9% overvalued today. The Quality Score stands at 70/100 (solid 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: medium).
Over the trailing twelve months, Bestechnic (Shanghai) Co generated revenue of 3.2B CNY at a net margin of 15.4%. Revenue declined 32.7% year over year. It earns a return on equity of 7.1%. The balance sheet holds a net cash position of 3.8B CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥52.31 (bear case) to ¥87.18 (bull case); at ¥112.31, 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 65% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -38%, 688608 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.
All 26 models by family
Widest divergence: Growth Earnings (¥157.27) versus Dividend Discount (¥13.94). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 13
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
Bestechnic (Shanghai) Co., Ltd. engages in the research, design, and sale of low-power wireless computing SoC chips in China and internationally. The company offers wireless audio chips, smart wearable chips, and smart hardware chips.
Full company description
Bestechnic (Shanghai) Co., Ltd. engages in the research, design, and sale of low-power wireless computing SoC chips in China and internationally. The company offers wireless audio chips, smart wearable chips, and smart hardware chips. Its products are used in low-power smart audio and video terminals for smart wearables and smart hardware, including Bluetooth headsets, smartwatches, and smart glasses. The company was founded in 2015 and is based in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bestechnic (Shanghai) Co reported revenue of ¥3.5B in FY2025 versus ¥1.8B in FY2021, a compound +18.9%/yr. Reported net income was ¥588M in FY2025, compounding +9.6%/yr from FY2021.
688608 screens 38% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 319 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 Multiples vs Semiconductors median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $211.80 | $96.91 | -54% |
| Taiwan Semiconductor Manufacturing Company TSM | $398.37 | $207.49 | -48% |
| Broadcom Inc 1AVGO | €367.75 | €121.25 | -67% |
| Micron Technology, Inc ZMIC | C$52.57 | C$7.50 | -86% |
| SK hynix Inc 000660 | 2,082,000 KRW | 1,109,311 KRW | -47% |
| Advanced Micro Devices, Inc 1AMD | €425.20 | €56.33 | -87% |
| Intel Corporation INTC | C$68.40 | C$9.82 | -86% |
| Texas Instruments Incorporated TXN | $311.46 | $59.75 | -81% |
| MediaTek Inc 2454 | 3,740 TWD | 1,163 TWD | -69% |
| SK Square Co 402340 | 1,212,000 KRW | 868,000 KRW | -28% |
Compare Bestechnic (Shanghai) Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is Bestechnic (Shanghai) Co (688608) overvalued or undervalued?
What is the fair value of 688608?
What is the quality score of 688608?
What is the revenue of Bestechnic (Shanghai) Co (688608)?
What is the net profit margin of 688608?
Does Bestechnic (Shanghai) Co pay a dividend?
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.
Track Bestechnic (Shanghai) Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.