Hebei Haiwei Electn New (9609) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Hebei Haiwei Electn New HK$7.39, price HK$6.77, upside +9.2%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Hebei Haiwei Electronic New Material Technology Co., Ltd, together with its subsidiaries, engages in the research, development, manufacturing, and sale of capacitor base and metallized films in China. The company offers ultra-thin capacitor, aluminum plated, safety, and biaxially oriented polypropylene films, as well as lithium-ion battery separators.
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Hebei Haiwei Electronic New Material Technology Co., Ltd, together with its subsidiaries, engages in the research, development, manufacturing, and sale of capacitor base and metallized films in China. The company offers ultra-thin capacitor, aluminum plated, safety, and biaxially oriented polypropylene films, as well as lithium-ion battery separators. Its products are used in high-speed rail, new energy vehicles, military, aerospace, and navigation, as well as new energy power systems, AI and data centers, industrial equipment, and household appliances applications. The company was incorporated in 2006 and is headquartered in Hengshui, China.
Stock analysis
Hebei Haiwei Electn New (9609) currently trades at HK$6.77, while our model-based Fair Value estimate is HK$7.39, so the stock looks roughly fairly valued today (gap 8.5%).
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Valuation
Bull case: the Multiples group reads highest at a median of HK$9.32 per share, and 5 of the 12 models we run sit above the HK$6.77 price.
Bear case: the Earnings-Based group reads lowest at HK$2.93, and 7 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$5.74 (bear) to HK$9.61 (bull), the price of HK$6.77 sits inside 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 42/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Hebei Haiwei Electn New reported revenue of 334M CNY in FY2025 versus 327M CNY in FY2022, a compound +0.7%/yr. Reported net income was 48.0M CNY in FY2025, compounding −22.2%/yr from FY2022.
Key figures
Market cap HK$1.4B (≈ $174M) · P/E ratio 19.3 · P/S ratio 2.77 · Net margin 14.4% · Return on equity 4.9% · Return on assets (EBIT) 12.7% · Operating margin 17.3% · Revenue (TTM) 334M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −56% fair-value upside, at 9%, 9609 screens cheaper than that median.
Fair Value models
Bear HK$5.74Fair Value HK$7.39Bull HK$9.61
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.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.
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.19/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−20.8%
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.
+0.7%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
−15.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.6%
Dividend (yield on the price)0.0%
Profit margin 2022 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.40% → 19%
Compare Hebei Haiwei Electn New 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.Electronic Components · 639 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+9.2% · Top 25%
Profitability
Return on equity (TTM)4.9% · Below median
Return on assets3.7% · Above median
Net margin (TTM)14.4% · Top 25%
Operating margin (TTM)17.3% · Top 25%
Growth and dividend
Revenue growth0.0% · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Hebei Haiwei Electn New Fair Value". https://www.fairvalue-calculator.com/stock/9609
Frequently asked questions
Is Hebei Haiwei Electn New (9609) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$7.39 versus a price of HK$6.77, about +9% upside (fairly valued).
What is the fair value of 9609?
Our model-based fair value for Hebei Haiwei Electn New is HK$7.39 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$6.77.
What is the quality score of 9609?
Hebei Haiwei Electn New has a Quality Score of 42/100. 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 Hebei Haiwei Electn New (9609)?
Our model-based price target is the fair value of HK$7.39 (as of Sep 27, 2026) from 12 valuation models. Cautious scenario HK$5.74, optimistic scenario HK$9.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Hebei Haiwei Electn New stock forecast for 2026?
Our models put fair value at HK$7.39, about +9% upside versus a price of HK$6.77 (fairly valued). Cautious scenario HK$5.74, optimistic scenario HK$9.61. The calculation is refreshed regularly with new filings.
What is the revenue of Hebei Haiwei Electn New (9609)?
Hebei Haiwei Electn New reported trailing-twelve-month revenue of about 334M CNY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Hebei Haiwei Electn New (9609)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hebei Haiwei Electn New it is HK$7.39 per share (as of Sep 27, 2026), against a price of HK$6.77. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Hebei Haiwei Electn New stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 9609 trades below its calculated fair value: price HK$6.77, fair value HK$7.39, a gap of about +9% (fairly valued). 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 9609?
No. The price is what the market pays today (HK$6.77); the fair value is what the company's own numbers justify (HK$7.39). For Hebei Haiwei Electn New the two are HK$0.6250 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hebei Haiwei Electn New worth?
The market values Hebei Haiwei Electn New at about HK$1.4B (market capitalisation, as of Sep 27, 2026). Per share that is HK$6.77; our models calculate a fair value of HK$7.39 per share.
What do the bullish and bearish scenarios say about 9609?
Our models span a range for Hebei Haiwei Electn New: cautious scenario HK$5.74, base HK$7.39, optimistic HK$9.61 per share (as of Sep 27, 2026, price HK$6.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9609?
Hebei Haiwei Electn New trades at a price-to-earnings ratio of 19.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$7.39 is built from several models across several years. Other multiples: P/B 1.0, P/S 3.5, EV/EBITDA 9.1.
How solid is the balance sheet of Hebei Haiwei Electn New (9609)?
Balance-sheet figures for Hebei Haiwei Electn New (as of Sep 27, 2026): return on equity 4.9%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
Which stocks are comparable to Hebei Haiwei Electn New?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Samsung Electro-Mechanics Co, 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 Hebei Haiwei Electn New stock attractive at the current price?
The data as of Sep 27, 2026: price HK$6.77, calculated fair value HK$7.39 (+9%), Quality Score 42/100, from 12 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 9609 calculated?
We run Hebei Haiwei Electn New through 12 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 HK$7.39, 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 14.7 % above its aggregate fair value. Hebei Haiwei Electn New currently trades 8 % below its own fair value, and the market average says nothing about that. 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 Hebei Haiwei Electn New (9609)?
The closing price on Sep 30, 2026 was HK$6.77. Our model-based fair value is HK$7.39, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hebei Haiwei Electn New right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hebei Haiwei Electn New
How large is the market capitalisation of Hebei Haiwei Electn New (9609)?
The market capitalisation of Hebei Haiwei Electn New is HK$1.4B (≈ $174M). 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 Hebei Haiwei Electn New (9609)?
The price-to-sales ratio of Hebei Haiwei Electn New is 2.77 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Hebei Haiwei Electn New (9609)?
The net margin of Hebei Haiwei Electn New is 14.4% (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 Hebei Haiwei Electn New (9609)?
The return on equity (ROE) of Hebei Haiwei Electn New is 4.9% (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 Hebei Haiwei Electn New (9609)?
On an EBIT basis the return on assets of Hebei Haiwei Electn New is 12.7% (avg 4y). 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 Hebei Haiwei Electn New (9609)?
The operating margin of Hebei Haiwei Electn New is 17.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Hebei Haiwei Electn New (9609) generate?
The free cash flow of Hebei Haiwei Electn New is −117M 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 Hebei Haiwei Electn New (9609) carry?
The net debt of Hebei Haiwei Electn New is 74.1M CNY (fiscal year 2022). 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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