Giga Device Semiconductor (XSSC:603986) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 603986 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603986 (CN¥83.22) is trading above our estimate of [[fair value]] (CN¥25.17)

Share Price vs Fair Value

What is the Fair Price of 603986 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603986 (CN¥83.22) is trading above our estimate of fair value (CN¥25.17)

Significantly Below Fair Value: 603986 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603986?

Key metric: As 603986 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603986. This is calculated by dividing 603986's market cap by their current earnings.
What is 603986's PE Ratio?
PE Ratio	99x
Earnings	CN¥559.58m
Market Cap	CN¥55.41b

603986 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	6.7x
Enterprise Value/EBITDA	47.6x
PEG Ratio	2.2x

Price to Earnings Ratio vs Peers

How does 603986's PE Ratio compare to its peers?

The above table shows the PE ratio for 603986 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	60.4x
688396 China Resources Microelectronics	72.1x	30.2%	CN¥65.1b
603160 Shenzhen Goodix Technology	62.2x	17.3%	CN¥37.4b
600584 JCET Group	43.4x	35.6%	CN¥67.2b
688008 Montage Technology	63.7x	38.9%	CN¥72.1b
603986 Giga Device Semiconductor	99x	46.0%	CN¥55.4b

Price-To-Earnings vs Peers: 603986 is expensive based on its Price-To-Earnings Ratio (99x) compared to the peer average (59x).

Price to Earnings Ratio vs Industry

How does 603986'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: 603986 is expensive based on its Price-To-Earnings Ratio (99x) compared to the CN Semiconductor industry average (60.8x).

Price to Earnings Ratio vs Fair Ratio

What is 603986'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.

603986 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	99x
Fair PE Ratio	59.6x

Price-To-Earnings vs Fair Ratio: 603986 is expensive based on its Price-To-Earnings Ratio (99x) compared to the estimated Fair Price-To-Earnings Ratio (59.6x).

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 603986 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¥83.22	CN¥94.37 +13.4%	19.0%	CN¥116.00	CN¥56.00	n/a	11
Nov ’25	CN¥86.30	CN¥94.37 +9.4%	19.0%	CN¥116.00	CN¥56.00	n/a	11
Oct ’25	CN¥88.37	CN¥89.91 +1.7%	17.5%	CN¥112.00	CN¥56.00	n/a	11
Sep ’25	CN¥72.38	CN¥94.82 +31.0%	15.8%	CN¥125.00	CN¥76.00	n/a	11
Aug ’25	CN¥86.74	CN¥98.18 +13.2%	15.6%	CN¥125.00	CN¥76.70	n/a	11
Jul ’25	CN¥94.41	CN¥89.77 -4.9%	16.1%	CN¥120.00	CN¥66.00	n/a	11
Jun ’25	CN¥83.11	CN¥87.90 +5.8%	13.0%	CN¥109.00	CN¥66.00	n/a	11
May ’25	CN¥78.75	CN¥89.54 +13.7%	13.1%	CN¥109.00	CN¥66.00	n/a	11
Apr ’25	CN¥72.44	CN¥88.28 +21.9%	15.7%	CN¥113.00	CN¥70.00	n/a	11
Mar ’25	CN¥75.76	CN¥93.28 +23.1%	17.3%	CN¥116.00	CN¥70.00	n/a	11
Feb ’25	CN¥63.31	CN¥93.74 +48.1%	16.6%	CN¥116.00	CN¥70.10	n/a	11
Jan ’25	CN¥92.39	CN¥100.91 +9.2%	13.5%	CN¥120.33	CN¥75.00	n/a	11
Dec ’24	CN¥95.15	CN¥100.82 +6.0%	13.6%	CN¥120.33	CN¥75.00	n/a	11
Nov ’24	CN¥105.46	CN¥99.82 -5.3%	15.1%	CN¥120.33	CN¥75.00	CN¥86.30	11
Oct ’24	CN¥98.60	CN¥96.42 -2.2%	18.3%	CN¥130.00	CN¥75.00	CN¥88.37	10
Sep ’24	CN¥94.50	CN¥96.29 +1.9%	19.2%	CN¥130.00	CN¥75.00	CN¥72.38	11
Aug ’24	CN¥114.41	CN¥103.40 -9.6%	28.2%	CN¥171.00	CN¥70.00	CN¥86.74	12
Jul ’24	CN¥106.25	CN¥103.17 -2.9%	27.2%	CN¥171.00	CN¥70.00	CN¥94.41	12
Jun ’24	CN¥110.31	CN¥106.50 -3.5%	25.2%	CN¥171.00	CN¥70.00	CN¥83.11	12
May ’24	CN¥108.47	CN¥111.44 +2.7%	29.5%	CN¥171.00	CN¥69.00	CN¥78.75	11
Apr ’24	CN¥122.00	CN¥111.35 -8.7%	28.0%	CN¥171.00	CN¥72.00	CN¥72.44	11
Mar ’24	CN¥104.50	CN¥110.62 +5.9%	28.8%	CN¥171.00	CN¥72.00	CN¥75.76	11
Feb ’24	CN¥115.00	CN¥104.58 -9.1%	25.5%	CN¥161.90	CN¥72.00	CN¥63.31	10
Jan ’24	CN¥102.47	CN¥102.53 +0.06%	27.4%	CN¥161.90	CN¥72.00	CN¥92.39	9
Dec ’23	CN¥101.69	CN¥110.20 +8.4%	32.1%	CN¥171.00	CN¥72.00	CN¥95.15	9
Nov ’23	CN¥85.86	CN¥125.25 +45.9%	28.9%	CN¥171.00	CN¥72.00	CN¥105.46	10

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

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Giga Device Semiconductor Valuation