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Hebei Haiwei Electn New (9609) Fair Value & Analysis

Technology · HK · Market cap HK$1.4B

HH Hebei Haiwei Electn New 9609 · HK
PriceHK$7.60
Fair ValueHK$9.82
Upside+29.2%
Quality42/100
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Weak Growth
Solidly profitable · 14.4% net margin
negative free cash flow
Ranks above peers (7/11)
Moderate moat 47/100
Evidence: Medium Range HK$7.37 – HK$12.28 Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$9.75 to HK$9.82 (+0.7%) since Jul 7, 2026. Share price −4.6% over the past month.

Below-average quality, screening 29% undervalued on our models.

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What matters now

  • Our model range runs from HK$7.37 (bear) to HK$12.28 (bull), base HK$9.82. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 42/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (9 months)

HK$12.16 HK$5.60 Fair Value HK$9.82 Nov 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

9‑month range HK$5.60 – HK$12.16 · fair‑value band HK$7.37 – HK$12.28 · the HK$7.60 price screens below the HK$9.82 fair value. As of Aug 13, 2026.

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Analysis

Hebei Haiwei Electn New (9609) currently trades at HK$7.60, while our model-based Fair Value estimate is HK$9.82, implying the stock looks roughly 29.2% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Hebei Haiwei Electn New generated revenue of HK$334M at a net margin of 14.4%. It earns a return on equity of 4.9%. Net debt stands at HK$74.1M. The stock trades on a trailing P/E of 19.3 (as of Jul 3, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$7.37 (bear case) to HK$12.28 (bull case); at HK$7.60, the current price sits within 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 44% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 29%, 9609 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.

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. Evidence
Highest evidence
Growth-Adj P/E HK$4.43 HK$6.33 HK$8.23 68
ROIC Compounder HK$5.31 HK$5.65 HK$5.94 67
P/E Multiple HK$6.33 HK$8.45 HK$10.56 63
All 12 models by family
Earnings-Based
Graham-Dodd HK$2.05 HK$2.51 HK$2.82 54
EPV HK$5.31 HK$5.65 HK$5.94 59
Multiples
P/E Multiple HK$6.33 HK$8.45 HK$10.56 63
P/S Multiple HK$3.85 HK$5.13 HK$6.41 58
P/B Multiple HK$3.85 HK$5.13 HK$6.41 55
EV/EBIT HK$9.98 HK$12.38 HK$14.78 53
EV/EBITDA HK$10.10 HK$12.54 HK$14.98 54
EV/Revenue HK$6.42 HK$7.98 HK$9.54 43
Asset-Based
NCAV (Graham) HK$3.63 HK$4.86 HK$7.26 50
Economic Profit
Residual Income HK$5.11 HK$4.95 HK$4.16 61
ROIC Compounder HK$5.31 HK$5.65 HK$5.94 67
Growth Earnings
Growth-Adj P/E HK$4.43 HK$6.33 HK$8.23 68

Widest divergence: Multiples (HK$7.98) versus Earnings-Based (HK$2.51). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) HK$334M
Net margin 14.4%
Return on equity 4.9%
Free cash flow −HK$117M FY2025
P/E ratio 19.3 as of Jul 3, 2026
Operating margin 17.3%
More key figures
Net debt HK$74.1M FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 47 · Market factors (momentum, volatility) 27

Profitability 31
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 62
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Hebei Haiwei Electn New reported revenue of HK$334M in FY2025 versus HK$327M in FY2022, a compound +0.7%/yr. Reported net income was HK$48.0M in FY2025, compounding −22.2%/yr from FY2022.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$334M
Latest YoY
−20.8%
Avg. growth/yr (3Y) 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.
+0.7%
Revenue +0.7%/yr
FY22 HK$327M
FY23 HK$330M
FY24 HK$422M
FY25 HK$334M
Net income −22.2%/yr
FY22 HK$102M
FY23 HK$70.9M
FY24 HK$89.9M
FY25 HK$48.0M

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Cite: Fair Value Calculator (2026). "Hebei Haiwei Electn New Fair Value". https://www.fairvalue-calculator.com/stock/9609

Peer Group

Electronic Components · 645 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 42 · Bottom 25%
Fair Value upside +29% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 0% · Below median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 19.3× · Cheaper than 75% of peers
P/B 1.18× · Cheaper than median
P/S (TTM) 4.09× · Pricier than median
EV/EBITDA 11.6× · Cheaper than median

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 72 · sector 0
FUTURE 0 · sector 36
PAST 19 · sector 24
HEALTH 0 · sector 95
DIVIDEND 0 · sector 26

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Hebei Haiwei Electn New (9609) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$9.82 versus a price of HK$7.60, about +29% (undervalued).
What is the fair value of 9609?
Our model-based fair value for Hebei Haiwei Electn New is HK$9.82 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$7.60.
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 revenue of Hebei Haiwei Electn New (9609)?
Hebei Haiwei Electn New reported trailing-twelve-month revenue of about HK$334M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 9609?
The net profit margin of Hebei Haiwei Electn New is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.

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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