China Resources Microelectronics Limited

XSSC:688396 Stock Report

Market Cap: CN¥65.9b

China Resources Microelectronics Valuation

Is 688396 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 688396 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688396 (CN¥49.77) is trading above our estimate of fair value (CN¥15.05)

Significantly Below Fair Value: 688396 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688396?

Key metric: As 688396 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688396. This is calculated by dividing 688396's market cap by their current earnings.
What is 688396's PE Ratio?
PE Ratio71.4x
EarningsCN¥922.42m
Market CapCN¥65.87b

Price to Earnings Ratio vs Peers

How does 688396's PE Ratio compare to its peers?

The above table shows the PE ratio for 688396 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average70.9x
600584 JCET Group
43.6x35.6%CN¥68.7b
688008 Montage Technology
63.6x38.9%CN¥76.0b
600703 Sanan OptoelectronicsLtd
140.3x62.4%CN¥61.9b
002049 Unigroup Guoxin Microelectronics
36.3x27.9%CN¥54.8b
688396 China Resources Microelectronics
71.4x30.2%CN¥65.9b

Price-To-Earnings vs Peers: 688396 is expensive based on its Price-To-Earnings Ratio (71.4x) compared to the peer average (70.9x).

Price to Earnings Ratio vs Industry

How does 688396'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
688396 71.4xIndustry Avg. 62.2xNo. of Companies11PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 688396 is expensive based on its Price-To-Earnings Ratio (71.4x) compared to the CN Semiconductor industry average (62.2x).

Price to Earnings Ratio vs Fair Ratio

What is 688396'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.

688396 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio71.4x
Fair PE Ratio45.8x

Price-To-Earnings vs Fair Ratio: 688396 is expensive based on its Price-To-Earnings Ratio (71.4x) compared to the estimated Fair Price-To-Earnings Ratio (45.8x).

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 688396 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥49.77
CN¥43.86
-11.9%
23.2%CN¥58.74CN¥28.10n/a7
Nov ’25CN¥49.31
CN¥41.05
-16.7%
20.9%CN¥56.40CN¥28.10n/a7
Oct ’25CN¥47.15
CN¥38.50
-18.4%
16.5%CN¥47.00CN¥28.10n/a6
Sep ’25CN¥34.71
CN¥39.01
+12.4%
12.0%CN¥47.00CN¥32.00n/a6
Aug ’25CN¥40.14
CN¥39.01
-2.8%
12.0%CN¥47.00CN¥32.00n/a6
Jul ’25CN¥37.65
CN¥43.84
+16.4%
25.3%CN¥66.50CN¥32.00n/a6
Jun ’25CN¥38.17
CN¥50.09
+31.2%
29.8%CN¥68.00CN¥32.00n/a7
May ’25CN¥36.49
CN¥50.09
+37.3%
29.8%CN¥68.00CN¥32.00n/a7
Apr ’25CN¥39.47
CN¥54.62
+38.4%
20.8%CN¥68.00CN¥38.90n/a7
Mar ’25CN¥43.38
CN¥54.82
+26.4%
20.2%CN¥68.00CN¥40.30n/a7
Feb ’25CN¥37.29
CN¥56.38
+51.2%
20.2%CN¥68.00CN¥40.30n/a7
Jan ’25CN¥44.69
CN¥56.38
+26.2%
20.2%CN¥68.00CN¥40.30n/a7
Dec ’24CN¥47.35
CN¥56.38
+19.1%
20.2%CN¥68.00CN¥40.30n/a7
Nov ’24CN¥53.56
CN¥56.42
+5.3%
20.1%CN¥68.00CN¥40.60CN¥49.317
Oct ’24CN¥54.09
CN¥57.64
+6.6%
19.5%CN¥70.00CN¥40.60CN¥47.157
Sep ’24CN¥58.35
CN¥56.24
-3.6%
16.7%CN¥68.00CN¥42.80CN¥34.717
Aug ’24CN¥56.39
CN¥58.40
+3.6%
20.1%CN¥75.00CN¥42.80CN¥40.147
Jul ’24CN¥52.41
CN¥58.40
+11.4%
20.1%CN¥75.00CN¥42.80CN¥37.657
Jun ’24CN¥57.32
CN¥62.00
+8.2%
16.4%CN¥75.00CN¥45.00CN¥38.177
May ’24CN¥57.25
CN¥60.17
+5.1%
16.1%CN¥75.00CN¥45.00CN¥36.497
Apr ’24CN¥60.46
CN¥60.03
-0.7%
16.1%CN¥75.00CN¥45.00CN¥39.477
Mar ’24CN¥54.59
CN¥60.03
+10.0%
16.1%CN¥75.00CN¥45.00CN¥43.387
Feb ’24CN¥56.22
CN¥60.03
+6.8%
15.4%CN¥75.00CN¥45.00CN¥37.297
Jan ’24CN¥52.65
CN¥60.46
+14.8%
15.7%CN¥75.00CN¥45.00CN¥44.697
Dec ’23CN¥53.01
CN¥59.31
+11.9%
15.2%CN¥75.00CN¥45.00CN¥47.357
Nov ’23CN¥50.94
CN¥59.31
+16.4%
15.2%CN¥75.00CN¥45.00CN¥53.567

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

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