Primarius Technologies Co., Ltd.

SHSE:688206 Stock Report

Market Cap: CN¥17.6b

Primarius Technologies Valuation

Is 688206 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 688206 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CN¥0.2
Fair Value
20.0k% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: 688206 (CN¥40.66) is trading above our estimate of fair value (CN¥0.2)

Significantly Below Fair Value: 688206 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688206?

Key metric: As 688206 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 688206. This is calculated by dividing 688206's market cap by their current revenue.
What is 688206's PS Ratio?
PS Ratio40x
SalesCN¥441.48m
Market CapCN¥17.64b

Price to Sales Ratio vs Peers

How does 688206's PS Ratio compare to its peers?

The above table shows the PS ratio for 688206 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.8x
688332 Shenzhen Bluetrum Technology
8.8x24.77%CN¥16.4b
688403 Union Semiconductor (Hefei)
8.4xn/aCN¥14.3b
688798 Shanghai Awinic TechnologyLtd
7x19.22%CN¥19.1b
688766 Puya Semiconductor (Shanghai)
11.1x20.94%CN¥20.2b
688206 Primarius Technologies
40x23.02%CN¥17.6b

Price-To-Sales vs Peers: 688206 is expensive based on its Price-To-Sales Ratio (40x) compared to the peer average (8.8x).

Price to Sales Ratio vs Industry

How does 688206's PS Ratio compare vs other companies in the CN Semiconductor Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
600438 TongweiLtd
1.2x14.30%US$15.33b
688472 CSI Solar
1.3x13.80%US$8.23b
688223 Jinko Solar
0.8x13.25%US$8.22b
002459 JA Solar Technology
0.8x11.57%US$6.62b
688206 40.0xIndustry Avg. 8.3xNo. of Companies27PS0612182430+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 688206 is expensive based on its Price-To-Sales Ratio (40x) compared to the CN Semiconductor industry average (8.5x).

Price to Sales Ratio vs Fair Ratio

What is 688206's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

688206 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio40x
Fair PS Ratio35.6x

Price-To-Sales vs Fair Ratio: 688206 is expensive based on its Price-To-Sales Ratio (40x) compared to the estimated Fair Price-To-Sales Ratio (35.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 688206 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥40.66
CN¥35.47
-12.78%
24.07%CN¥44.00CN¥26.93n/a2
Oct ’26CN¥42.21
CN¥35.47
-15.98%
24.07%CN¥44.00CN¥26.93n/a2
Sep ’26CN¥38.14
CN¥21.97
-42.41%
22.60%CN¥26.93CN¥17.00n/a2
Aug ’26CN¥30.00
CN¥20.28
-32.41%
23.20%CN¥26.93CN¥16.90n/a3
Jul ’26CN¥29.32
CN¥20.28
-30.84%
23.20%CN¥26.93CN¥16.90n/a3
Jun ’26CN¥28.95
CN¥20.28
-29.96%
23.20%CN¥26.93CN¥16.90n/a3
May ’26CN¥22.10
CN¥20.31
-8.10%
23.05%CN¥26.93CN¥17.00n/a3
Apr ’26CN¥23.75
CN¥19.40
-18.32%
17.50%CN¥24.20CN¥17.00n/a3
Mar ’26CN¥19.45
CN¥20.40
+4.88%
14.48%CN¥24.20CN¥17.00n/a3
Feb ’26CN¥18.65
CN¥20.40
+9.38%
14.48%CN¥24.20CN¥17.00n/a3
Jan ’26CN¥18.91
CN¥20.40
+7.88%
14.48%CN¥24.20CN¥17.00n/a3
Dec ’25CN¥22.28
CN¥20.40
-8.44%
14.48%CN¥24.20CN¥17.00n/a3
Nov ’25CN¥19.09
CN¥19.58
+2.55%
16.74%CN¥24.20CN¥17.00n/a3
Oct ’25CN¥17.80
CN¥17.24
-3.15%
1.27%CN¥17.53CN¥17.00CN¥42.213
Sep ’25CN¥13.30
CN¥17.24
+29.62%
1.27%CN¥17.53CN¥17.00CN¥38.143
Aug ’25CN¥15.85
CN¥18.83
+18.80%
11.81%CN¥21.96CN¥17.00CN¥30.003
Jul ’25CN¥14.37
CN¥19.15
+33.29%
10.84%CN¥21.96CN¥17.00CN¥29.323
Jun ’25CN¥14.42
CN¥19.15
+32.82%
10.84%CN¥21.96CN¥17.00CN¥28.953
May ’25CN¥15.32
CN¥20.28
+32.38%
8.28%CN¥21.96CN¥18.60CN¥22.102
Apr ’25CN¥15.90
CN¥27.04
+70.06%
22.34%CN¥33.08CN¥21.00CN¥23.752
Mar ’25CN¥17.84
CN¥30.89
+73.17%
17.13%CN¥36.00CN¥23.60CN¥19.453
Feb ’25CN¥15.03
CN¥30.89
+105.54%
17.13%CN¥36.00CN¥23.60CN¥18.653
Jan ’25CN¥21.80
CN¥32.09
+47.22%
11.40%CN¥36.00CN¥27.20CN¥18.913
Dec ’24CN¥23.10
CN¥32.09
+38.93%
11.40%CN¥36.00CN¥27.20CN¥22.283
Nov ’24CN¥23.65
CN¥32.53
+37.53%
9.49%CN¥36.00CN¥28.50CN¥19.093
Oct ’24CN¥25.21
CN¥33.14
+31.44%
9.98%CN¥36.00CN¥28.50CN¥17.803
CN¥35.47
Fair Value
14.6% overvalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/30 04:27
End of Day Share Price 2025/10/30 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Primarius Technologies Co., Ltd. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zeyuan YangCitic Securities Co., Ltd.
Hongda ZhengHaitong International Research Limited
De Yu PuHaitong International Research Limited