Circuit Fabology Microelectronics EquipmentLtd (SHSE:688630) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 688630 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688630 (CN¥62.5) is trading above our estimate of [[fair value]] (CN¥2.91)

Share Price vs Fair Value

What is the Fair Price of 688630 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688630 (CN¥62.5) is trading above our estimate of fair value (CN¥2.91)

Significantly Below Fair Value: 688630 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688630?

Key metric: As 688630 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688630. This is calculated by dividing 688630's market cap by their current earnings.
What is 688630's PE Ratio?
PE Ratio	37.9x
Earnings	CN¥215.95m
Market Cap	CN¥8.18b

688630 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	7.2x
Enterprise Value/EBITDA	32.7x
PEG Ratio	1.2x

Price to Earnings Ratio vs Peers

How does 688630's PE Ratio compare to its peers?

The above table shows the PE ratio for 688630 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	52.3x
688721 Shenzhen Longtu Photomask	93.7x	n/a	CN¥8.7b
688652 Beijing Jingyi Automation Equipment	69.5x	n/a	CN¥9.2b
300861 Yangling Metron New Material	24x	19.1%	CN¥11.5b
688596 Shanghai GenTech	22x	31.9%	CN¥10.2b
688630 Circuit Fabology Microelectronics EquipmentLtd	37.9x	32.0%	CN¥8.2b

Price-To-Earnings vs Peers: 688630 is good value based on its Price-To-Earnings Ratio (37.9x) compared to the peer average (52.3x).

Price to Earnings Ratio vs Industry

How does 688630's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 688630 is good value based on its Price-To-Earnings Ratio (37.9x) compared to the CN Semiconductor industry average (64x).

Price to Earnings Ratio vs Fair Ratio

What is 688630's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

688630 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	37.9x
Fair PE Ratio	40.9x

Price-To-Earnings vs Fair Ratio: 688630 is good value based on its Price-To-Earnings Ratio (37.9x) compared to the estimated Fair Price-To-Earnings Ratio (40.9x).

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 688630 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥62.50	CN¥64.35 +3.0%	8.8%	CN¥70.00	CN¥58.70	n/a	2
Nov ’25	CN¥66.01	CN¥62.30 -5.6%	12.4%	CN¥70.00	CN¥54.60	n/a	2
Oct ’25	CN¥66.08	CN¥62.30 -5.7%	12.4%	CN¥70.00	CN¥54.60	n/a	2
Sep ’25	CN¥55.88	CN¥62.30 +11.5%	12.4%	CN¥70.00	CN¥54.60	n/a	2
Aug ’25	CN¥60.31	CN¥59.53 -1.3%	12.4%	CN¥70.00	CN¥54.00	n/a	3
Jul ’25	CN¥62.02	CN¥59.53 -4.0%	12.4%	CN¥70.00	CN¥54.00	n/a	3
Jun ’25	CN¥64.80	CN¥59.53 -8.1%	12.4%	CN¥70.00	CN¥54.00	n/a	3
May ’25	CN¥65.65	CN¥67.50 +2.8%	22.5%	CN¥91.39	CN¥54.00	n/a	4
Apr ’25	CN¥64.44	CN¥70.60 +9.6%	23.3%	CN¥91.39	CN¥54.00	n/a	4
Mar ’25	CN¥70.01	CN¥70.60 +0.8%	23.3%	CN¥91.39	CN¥54.00	n/a	4
Feb ’25	CN¥55.96	CN¥70.60 +26.2%	23.3%	CN¥91.39	CN¥54.00	n/a	4
Jan ’25	CN¥85.37	CN¥69.10 -19.1%	26.2%	CN¥91.39	CN¥48.00	n/a	4
Dec ’24	CN¥82.35	CN¥69.10 -16.1%	26.2%	CN¥91.39	CN¥48.00	n/a	4
Nov ’24	CN¥79.50	CN¥75.09 -5.6%	27.4%	CN¥99.04	CN¥44.00	CN¥66.01	5
Oct ’24	CN¥65.80	CN¥75.09 +14.1%	27.4%	CN¥99.04	CN¥44.00	CN¥66.08	5
Sep ’24	CN¥70.35	CN¥82.86 +17.8%	18.1%	CN¥99.04	CN¥59.00	CN¥55.88	4
Aug ’24	CN¥74.93	CN¥90.01 +20.1%	19.9%	CN¥102.00	CN¥59.00	CN¥60.31	4
Jul ’24	CN¥84.02	CN¥90.26 +7.4%	19.4%	CN¥102.00	CN¥60.00	CN¥62.02	4
Jun ’24	CN¥71.70	CN¥93.51 +30.4%	12.7%	CN¥102.00	CN¥73.00	CN¥64.80	4
May ’24	CN¥75.28	CN¥93.51 +24.2%	12.7%	CN¥102.00	CN¥73.00	CN¥65.65	4
Apr ’24	CN¥78.30	CN¥93.01 +18.8%	13.7%	CN¥102.00	CN¥71.00	CN¥64.44	4
Mar ’24	CN¥84.37	CN¥92.51 +9.6%	14.7%	CN¥102.00	CN¥69.00	CN¥70.01	4
Feb ’24	CN¥99.90	CN¥93.26 -6.6%	13.2%	CN¥102.00	CN¥72.00	CN¥55.96	4
Jan ’24	CN¥83.44	CN¥91.26 +9.4%	17.3%	CN¥102.00	CN¥64.00	CN¥85.37	4
Dec ’23	CN¥89.20	CN¥88.35 -1.0%	19.5%	CN¥102.00	CN¥64.00	CN¥82.35	3
Nov ’23	CN¥73.50	CN¥84.00 +14.3%	21.4%	CN¥102.00	CN¥66.00	CN¥79.50	2

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Circuit Fabology Microelectronics EquipmentLtd Valuation