Freewon China Co. Ltd. A (688678) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Freewon China Co. Ltd. A ¥3.22, price ¥27.80, upside -88.4%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value ¥3.22 · Strongly overvalued (−88%)
!Quality 32/100
!Expensive Growth(revenue 5y +30.7 %/yr)
!Thin margins · 4.0% net margin (TTM)
!Low debt · negative free cash flow
·0.26% dividend yield
!Trails peers(2/13)
!Narrow moat37/100
!Evidence only low, so the estimate is less certain
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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 13, 2026.
How to read this chart
60‑month range ¥5.21 – ¥27.93 · the ¥27.80 price screens above the ¥3.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Freewon China Co.,Ltd. engages in the research and development, manufacture, and sale of precision metal parts in China and internationally.
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Freewon China Co.,Ltd. engages in the research and development, manufacture, and sale of precision metal parts in China and internationally. It offers 3C precision metal parts, including powder metallurgy parts, pin needle connector, and precision spring and leaf spring and automobile precision metal parts, such as shaped spring for headlights, fasteners for car sunroofs, precision spring and leaf spring for automobile sunroof, drive tube assembly, and sunroof drive pipe fittings. The company also provides; electrical tool and other components that include compression spring/extension spring/torsion spring, precision leaf spring/plate, wave spring/scroll spring, fasteners, pivot parts, and shaped spring; and diamond wire core. Freewon China Co.,Ltd. was founded in 2006 and is based in Kunshan, China.
Stock analysis
Freewon China Co. Ltd. A (688678) currently trades at ¥27.80, while our model-based Fair Value estimate is ¥3.22, implying the stock looks roughly 763.6% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥5.65 per share, and 0 of the 16 models we run sit above the ¥27.80 price.
Bear case: the Economic Profit group reads lowest at ¥0.8600, and 16 of the 16 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Freewon China Co. Ltd. A reported revenue of 2.0B CNY in FY2025 versus 726M CNY in FY2021, a compound +28.4%/yr. Reported net income was 55.2M CNY in FY2025, compounding −18.0%/yr from FY2021.
Key figures
Market cap 7.0B CNY (≈ $1.0B) · P/E ratio 115.8 · P/S ratio 3.24 · EPS (TTM) ¥0.2400 · Dividend yield 0.3% · Net margin 2.8% · Return on equity 3.7% · Return on assets (EBIT) 3.8%.
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 near its 52-week high and 127% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at −88%, 688678 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.8600 to ¥8.98). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥3.22Fair Value ¥3.22Bull ¥3.22
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 (¥0.1159 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+53.5%
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.
+28.6%
Revenue growth 5 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.
+30.7%
Revenue growth 11 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.
+27.8%
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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.
−18.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.4%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−18% vs 12%, slowing
Profit margin 2020 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.24% → 2%
Compare Freewon China 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.Tools & Accessories · 124 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−84% · Bottom 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)17% · Top 25%
Growth and dividend
Revenue growth60% · Top 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.28× · Highest 25%
Valuation Multiplesvs Tools & Accessories median · lower = cheaper
P/E (TTM)115.8× · Priciest 25%
P/B3.89× · Priciest 25%
P/S (TTM)3.34× · Priciest 25%
EV/EBITDA22.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 6
FUTURE (revenue growth)100· sector 16
PAST (return on equity)15· sector 28
HEALTH (low debt)86· sector 97
DIVIDEND (yield)5· sector 34
VALUE 0: the price sits above our fair-value range.
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). "Freewon China Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688678
Frequently asked questions
Is Freewon China Co. Ltd. A (688678) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ¥3.22 versus a price of ¥27.80, about −88% upside (overvalued).
What is the fair value of 688678?
Our model-based fair value for Freewon China Co. Ltd. A is ¥3.22 (as of Sep 13, 2026), built from audited fundamentals. The current price: ¥27.80.
What is the quality score of 688678?
Freewon China Co. Ltd. A has a Quality Score of 32/100. 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 Freewon China Co. Ltd. A (688678)?
Our model-based price target is the fair value of ¥3.22 (as of Sep 13, 2026) from 16 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Freewon China Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥3.22, about −88% upside versus a price of ¥27.80 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Freewon China Co. Ltd. A (688678)?
Freewon China Co. Ltd. A reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Sep 13, 2026).
Does Freewon China Co. Ltd. A pay a dividend?
Freewon China Co. Ltd. A currently shows a dividend yield of about 0.26% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Freewon China Co. Ltd. A (688678)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Freewon China Co. Ltd. A it is ¥3.22 per share (as of Sep 13, 2026), against a price of ¥27.80. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Freewon China Co. Ltd. A stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 688678 trades above its calculated fair value: price ¥27.80, fair value ¥3.22, a gap of about −88% (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 688678?
No. The price is what the market pays today (¥27.80); the fair value is what the company's own numbers justify (¥3.22). For Freewon China Co. Ltd. A the two are ¥24.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Freewon China Co. Ltd. A worth?
The market values Freewon China Co. Ltd. A at about 7.0B CNY (market capitalisation, as of Sep 13, 2026). Per share that is ¥27.80; our models calculate a fair value of ¥3.22 per share.
What is the P/E ratio of 688678?
Freewon China Co. Ltd. A trades at a price-to-earnings ratio of 115.8 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥3.22 is built from several models across several years. Other multiples: P/B 3.9, P/S 3.3, EV/EBITDA 22.6.
How solid is the balance sheet of Freewon China Co. Ltd. A (688678)?
Balance-sheet figures for Freewon China Co. Ltd. A (as of Sep 13, 2026): return on equity 3.7%, debt of 0.28 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 688678 from its 52-week high?
Freewon China Co. Ltd. A trades at ¥27.80, about 1% below its 52-week high of ¥27.42 and 127% above the low of ¥12.25 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.22 is for.
Which stocks are comparable to Freewon China Co. Ltd. A?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, RBC Bearings Incorporated, Lincoln Electric Holdings, 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 Freewon China Co. Ltd. A stock attractive at the current price?
The data as of Sep 13, 2026: price ¥27.80, calculated fair value ¥3.22 (−88%), Quality Score 32/100, 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 688678 calculated?
We run Freewon China Co. Ltd. A 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 ¥3.22, 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 16.2 % above its aggregate fair value. Freewon China Co. Ltd. A 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 Freewon China Co. Ltd. A (688678)?
The closing price on Sep 22, 2026 was ¥27.80. Our model-based fair value is ¥3.22, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Freewon China Co. Ltd. A right now?
The price sits above even our optimistic bull case (¥3.22). The favourable scenario is already priced in. Weak quality (32/100) 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 Freewon China Co. Ltd. A
How large is the market capitalisation of Freewon China Co. Ltd. A (688678)?
The market capitalisation of Freewon China Co. Ltd. A is 7.0B CNY (≈ $1.0B). 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 Freewon China Co. Ltd. A (688678)?
The price-to-sales ratio of Freewon China Co. Ltd. A is 3.24 (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 Freewon China Co. Ltd. A (688678)?
Earnings per share at Freewon China Co. Ltd. A are ¥0.2400 (price ÷ EPS = P/E 115.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Freewon China Co. Ltd. A (688678)?
The dividend yield of Freewon China Co. Ltd. A is 0.3% (payout 29.6%). 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 Freewon China Co. Ltd. A (688678)?
The net margin of Freewon China Co. Ltd. A is 2.8% (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 Freewon China Co. Ltd. A (688678)?
The return on equity (ROE) of Freewon China Co. Ltd. A is 3.7% (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 Freewon China Co. Ltd. A (688678)?
On an EBIT basis the return on assets of Freewon China Co. Ltd. A is 3.8% (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 Freewon China Co. Ltd. A (688678)?
The operating margin of Freewon China Co. Ltd. A is 17.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Freewon China Co. Ltd. A (688678)?
Revenue at Freewon China Co. Ltd. A is growing +59.6% versus a year earlier (3y avg +28.6%). 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 Freewon China Co. Ltd. A (688678)?
Earnings per share at Freewon China Co. Ltd. A are growing +200% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Freewon China Co. Ltd. A (688678) generate?
The free cash flow of Freewon China Co. Ltd. A is −345M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Freewon China Co. Ltd. A (688678) carry?
The net debt of Freewon China Co. Ltd. A is 1.0B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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