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Uni-Trend Technology (China) Co (688628) Fair Value & Analysis

Technology · CN · Market cap 9.9B CNY

UT Uni-Trend Technology (China) Co 688628 · SHG
Price¥68.86
Fair Value¥19.93
Upside-71.1%
Quality59/100
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Expensive Growth
Solidly profitable · 12.9% net margin
Low debt · negative free cash flow
1.24% dividend yield
Ranks above peers (8/13)
Moderate moat 59/100
Evidence: High Range ¥10.78 – ¥28.33 Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 29 days ago

Share price −20.2% over the past month.

A solid business, but screening 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥28.33). The favourable scenario is already priced in.
  • The model range is unusually wide (¥10.78 to ¥28.33). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥109.59 ¥18.99 Fair Value ¥19.93 Feb 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 ¥18.99 – ¥109.59 · fair‑value band ¥10.78 – ¥28.33 · the ¥68.86 price screens above the ¥19.93 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Uni-Trend Technology (China) Co (688628) currently trades at ¥68.86, while our model-based Fair Value estimate is ¥19.93, implying the stock looks roughly 71.1% overvalued today. The Quality Score stands at 59/100 (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: high).

Over the trailing twelve months, Uni-Trend Technology (China) Co generated revenue of 1.3B CNY at a net margin of 12.9%. Revenue grew 27.0% year over year. It earns a return on equity of 12.3%. The balance sheet holds a net cash position of 118M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥10.78 (bear case) to ¥28.33 (bull case); at ¥68.86, 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 36% below its 52-week high and 126% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -71%, 688628 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥10.41 ¥11.90 ¥18.48 76
ROIC Compounder ¥11.77 ¥15.41 ¥19.74 72
Gordon GGM ¥11.52 ¥22.95 ¥34.75 70
All 17 models by family
DCF Models
Owner Earnings ¥14.09 ¥24.57 ¥42.18 31
Earnings-Based
Graham-Dodd ¥9.28 ¥43.61 ¥59.96 54
Lynch FV ¥11.55 ¥16.50 ¥21.46 50
PEG = 1.0 ¥11.55 ¥16.50 ¥21.46 46
EPV ¥11.62 ¥13.35 ¥14.84 59
Dividend Discount
Gordon GGM ¥11.52 ¥22.95 ¥34.75 70
DDM Multi-Stage ¥11.52 ¥19.83 ¥24.22 61
Multiples
P/E Multiple ¥21.48 ¥28.64 ¥35.81 63
P/S Multiple ¥16.38 ¥21.84 ¥27.31 58
P/B Multiple ¥17.39 ¥23.19 ¥28.99 55
EV/EBIT ¥17.74 ¥23.45 ¥29.15 53
EV/EBITDA ¥18.45 ¥24.38 ¥30.32 54
EV/Revenue ¥12.85 ¥18.08 ¥23.31 43
Asset-Based
NCAV (Graham) ¥5.66 ¥7.59 ¥11.32 50
Economic Profit
Residual Income ¥10.41 ¥11.90 ¥18.48 76
ROIC Compounder ¥11.77 ¥15.41 ¥19.74 72
Growth Earnings
Growth-Adj P/E ¥18.28 ¥26.11 ¥33.95 68

Widest divergence: Growth Earnings (¥26.11) versus Asset-Based (¥7.59). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.3B CNY
Revenue growth (YoY) +27.0%
Net margin 12.9%
Return on equity 12.3%
Free cash flow −34.0M CNY FY2025
P/E ratio 58.9
More key figures
Operating margin 22.9%
EPS (TTM) ¥1.51
Dividend yield 1.2%
EPS growth (YoY) +30.0%
Net cash 118M CNY FY2024

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 62

Profitability 63
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 16
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 77
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

Uni-Trend Technology (China) Co., Ltd. designs and manufactures test and measurement products worldwide. The company offers various meters, comprising digital multimeters, clamp meters, environmental testers, layout and measurement tools, and electrical power testers; and thermal imaging products, including handheld and smartphone thermal cameras, EST …

Full company description

Uni-Trend Technology (China) Co., Ltd. designs and manufactures test and measurement products worldwide. The company offers various meters, comprising digital multimeters, clamp meters, environmental testers, layout and measurement tools, and electrical power testers; and thermal imaging products, including handheld and smartphone thermal cameras, EST thermal cameras, and thermal imaging monoculars. It also provides various instruments, including oscilloscopes, waveform generators, DC power supplies, digital multimeters, and spectrum analyzers. Uni-Trend Technology (China) Co., Ltd. was founded in 1988 and is based in Dongguan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Uni-Trend Technology (China) Co reported revenue of ¥1.2B in FY2025 versus ¥842M in FY2021, a compound +9.7%/yr. Reported net income was ¥152M in FY2025, compounding +8.8%/yr from FY2021.

Growth Quality 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.2B CNY
Latest YoY
+8.0%
Avg. growth/yr (3Y)
+11.0%
Avg. growth/yr (5Y)
+6.6%
Avg. growth/yr (8Y)
+14.9%
Revenue +9.7%/yr
FY21 ¥842M
FY22 ¥891M
FY23 ¥1.0B
FY24 ¥1.1B
FY25 ¥1.2B
Net income +8.8%/yr
FY21 ¥109M
FY22 ¥117M
FY23 ¥161M
FY24 ¥183M
FY25 ¥152M

688628 screens 71% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Uni-Trend Technology (China) Co Fair Value". https://www.fairvalue-calculator.com/stock/688628

Peer Group

Scientific & Technical Instruments · 161 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 59 · Above median
Fair Value upside −71% · Below median
Return on equity (TTM) 12% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 1.2% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 58.9× · Pricier than median
P/B 7.86× · Pricier than 75% of peers
P/S (TTM) 7.62× · Pricier than 75% of peers
EV/EBITDA 45.9× · 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 100 · sector 34
PAST 49 · sector 25
HEALTH 100 · sector 98
DIVIDEND 25 · sector 24

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

Insider activity: 45/100

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Uni-Trend Technology (China) Co (688628) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥19.93 versus a price of ¥68.86, about −71% (overvalued).
What is the fair value of 688628?
Our model-based fair value for Uni-Trend Technology (China) Co is ¥19.93 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥68.86.
What is the quality score of 688628?
Uni-Trend Technology (China) Co has a Quality Score of 59/100. 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 Uni-Trend Technology (China) Co (688628)?
Uni-Trend Technology (China) Co reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688628?
The net profit margin of Uni-Trend Technology (China) Co is about 12.9%, meaning it keeps roughly 12.9% of revenue as net income. Based on the latest reported figures.
Does Uni-Trend Technology (China) Co pay a dividend?
Uni-Trend Technology (China) Co currently shows a dividend yield of about 1.24% 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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