Puya Semiconductor (Shanghai) Co (688766) Fair Value & Analysis
Technology · CN · Market cap 57.8B CNY
Fair value as of: Aug 7, 2026
From 17 valuation models · updated today
Fair value updated Aug 7, 2026, revised from ¥28.13 to ¥189.84 (+574.9%) since Jul 12, 2026. Share price −47.2% over the past month.
A solid business, but screening 49% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥234.04). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥98.39 to ¥234.04) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.
How to read this chart
59‑month range ¥31.90 – ¥815.88 · fair‑value band ¥98.39 – ¥234.04 · the ¥374.80 price screens above the ¥189.84 fair value. Dashed = 300-day average. As of Aug 7, 2026.
Analysis
Puya Semiconductor (Shanghai) Co (688766) currently trades at ¥374.80, while our model-based Fair Value estimate is ¥189.84, implying the stock looks roughly 49.4% overvalued today. We read business quality at 62/100 (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, Puya Semiconductor (Shanghai) Co generated revenue of 3.4B CNY at a net margin of 13.1%. Revenue grew 256.1% year over year. It earns a return on equity of 21.6%. The balance sheet holds a net cash position of 906M CNY. Fundamentals as of Aug 7, 2026
Our scenario range runs from ¥98.39 (bear case) to ¥234.04 (bull case); at ¥374.80, 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 19% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -49%, 688766 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 17 models by family
Widest divergence: Growth Earnings (¥428.07) versus Dividend Discount (¥33.20). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 68
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
Puya Semiconductor (Shanghai) Co., Ltd. engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally. Its products include SPI NOR and automotive Flash; standard and automotive Eeprom; MCU; and analog, including VCM driver, as well as known good die services.
Full company description
Puya Semiconductor (Shanghai) Co., Ltd. engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally. Its products include SPI NOR and automotive Flash; standard and automotive Eeprom; MCU; and analog, including VCM driver, as well as known good die services. The company also offers memory chips, including NOR Flash, SLC NAND Flash, and their derivatives such as eMMC and MCP; development and delivery of high-performance 2D NAND and derivative memory products, as well as software and information technology services; and analog products, voice coil motor driver (VCM Driver) chips for camera modules, including open-loop, closed-loop, and optical image stabilization drivers. The company's products are used in various applications, such as mobile phones, PCs and peripherals, industry, automotive and consumer electronics, and the internet of things. The company was founded in 2012 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Puya Semiconductor (Shanghai) Co reported revenue of ¥2.3B in FY2025 versus ¥1.1B in FY2021, a compound +20.4%/yr. Reported net income was ¥208M in FY2025, compounding −8.0%/yr from FY2021.
688766 screens 49% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 318 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 Aug 7, 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% |
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Frequently asked questions
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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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