Advanced Micro-Fabrication Equipment Inc. China

XSSC:688012 Stock Report

Market Cap: CN¥126.6b

Advanced Micro-Fabrication Equipment China Valuation

Is 688012 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 688012 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688012 (CN¥203.48) is trading above our estimate of fair value (CN¥26.43)

Significantly Below Fair Value: 688012 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688012?

Key metric: As 688012 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688012. This is calculated by dividing 688012's market cap by their current earnings.
What is 688012's PE Ratio?
PE Ratio82.3x
EarningsCN¥1.54b
Market CapCN¥126.61b

Price to Earnings Ratio vs Peers

How does 688012's PE Ratio compare to its peers?

The above table shows the PE ratio for 688012 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average45.2x
002371 NAURA Technology Group
40.7x23.2%CN¥222.9b
688082 ACM Research (Shanghai)
49x28.8%CN¥48.8b
688072 Piotech
80.2x36.2%CN¥53.2b
300316 Zhejiang Jingsheng Mechanical & Electrical
11.1x5.8%CN¥44.3b
688012 Advanced Micro-Fabrication Equipment China
82.3x27.9%CN¥126.6b

Price-To-Earnings vs Peers: 688012 is expensive based on its Price-To-Earnings Ratio (82.3x) compared to the peer average (45.2x).

Price to Earnings Ratio vs Industry

How does 688012's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
688012 82.3xIndustry Avg. 60.8xNo. of Companies14PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 688012 is expensive based on its Price-To-Earnings Ratio (82.3x) compared to the CN Semiconductor industry average (61.1x).

Price to Earnings Ratio vs Fair Ratio

What is 688012'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.

688012 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio82.3x
Fair PE Ratio52.2x

Price-To-Earnings vs Fair Ratio: 688012 is expensive based on its Price-To-Earnings Ratio (82.3x) compared to the estimated Fair Price-To-Earnings Ratio (52.2x).

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 688012 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥203.48
CN¥217.29
+6.8%
18.5%CN¥300.00CN¥165.50n/a13
Nov ’25CN¥188.61
CN¥193.51
+2.6%
9.6%CN¥230.00CN¥165.50n/a13
Oct ’25CN¥164.00
CN¥176.78
+7.8%
8.2%CN¥209.60CN¥147.60n/a13
Sep ’25CN¥135.05
CN¥188.35
+39.5%
11.7%CN¥246.70CN¥147.60n/a14
Aug ’25CN¥158.44
CN¥195.52
+23.4%
13.1%CN¥246.70CN¥148.00n/a14
Jul ’25CN¥142.27
CN¥196.87
+38.4%
13.2%CN¥246.70CN¥148.00n/a13
Jun ’25CN¥129.75
CN¥196.49
+51.4%
12.1%CN¥246.70CN¥166.50n/a14
May ’25CN¥141.67
CN¥194.81
+37.5%
13.3%CN¥246.70CN¥148.00n/a14
Apr ’25CN¥151.75
CN¥197.77
+30.3%
12.2%CN¥246.70CN¥166.50n/a14
Mar ’25CN¥147.10
CN¥187.88
+27.7%
17.3%CN¥240.00CN¥110.00n/a13
Feb ’25CN¥116.81
CN¥187.88
+60.8%
17.3%CN¥240.00CN¥110.00n/a13
Jan ’25CN¥153.60
CN¥187.66
+22.2%
17.3%CN¥240.00CN¥110.00n/a12
Dec ’24CN¥169.02
CN¥186.27
+10.2%
15.3%CN¥221.70CN¥110.00n/a13
Nov ’24CN¥168.20
CN¥179.45
+6.7%
21.6%CN¥238.10CN¥95.00CN¥188.6113
Oct ’24CN¥150.55
CN¥168.64
+12.0%
24.6%CN¥238.10CN¥95.00CN¥164.0012
Sep ’24CN¥151.57
CN¥164.21
+8.3%
26.0%CN¥238.10CN¥95.00CN¥135.0513
Aug ’24CN¥141.43
CN¥174.37
+23.3%
26.8%CN¥255.45CN¥95.00CN¥158.4413
Jul ’24CN¥156.45
CN¥159.60
+2.0%
30.3%CN¥238.10CN¥66.99CN¥142.2713
Jun ’24CN¥171.26
CN¥147.62
-13.8%
35.1%CN¥238.10CN¥66.99CN¥129.7512
May ’24CN¥181.45
CN¥138.13
-23.9%
34.4%CN¥238.10CN¥66.99CN¥141.6712
Apr ’24CN¥147.51
CN¥120.97
-18.0%
25.5%CN¥169.00CN¥64.88CN¥151.7511
Mar ’24CN¥106.27
CN¥119.48
+12.4%
30.4%CN¥184.10CN¥64.88CN¥147.1010
Feb ’24CN¥105.79
CN¥119.22
+12.7%
30.8%CN¥184.10CN¥64.88CN¥116.8110
Jan ’24CN¥98.01
CN¥123.82
+26.3%
35.0%CN¥185.00CN¥58.40CN¥153.6010
Dec ’23CN¥100.33
CN¥127.96
+27.5%
33.3%CN¥185.00CN¥58.40CN¥169.0212
Nov ’23CN¥110.07
CN¥133.21
+21.0%
33.8%CN¥185.00CN¥58.40CN¥168.2011

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

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