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Fortior Technology (Shenzhen) Co., Ltd. (1304) Fair Value & Analysis

Technology · HK · Market cap HK$16.2B (≈ $2.1B)

What is Fortior Technology (Shenzhen) Co., Ltd. really worth?

FT Fortior Technology (Shenzhen) Co., Ltd. 1304 · HK
PriceHK$117.60
Fair ValueHK$32.92
Upside−72.0%
Quality35/100

Below-average quality, and trading another 257% above our fair value of HK$32.92.

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Strengths

Highly profitable · 30.1% net margin
Wide moat 66/100

Risks

!Expensive Growth (revenue 3y +33.8 %/yr)
!negative free cash flow
!Mixed vs. peers (6/12)
!Evidence only medium, so the estimate is less certain
!Weak on past: 26 out of 100
!Weak on dividend: 13 out of 100

For context

·0.66% dividend yield
Evidence: Medium Range HK$19.64 – HK$32.92

Fair value as of: Aug 30, 2026

From 14 valuation models · updated 6 days ago

Share price +8.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (HK$32.92). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (14 months)

HK$208.91 HK$92.63 Fair Value HK$32.92 Jul 2025 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 30, 2026.

How to read this chart

14‑month range HK$92.63 – HK$208.91 · fair‑value band HK$19.64 – HK$32.92 · the HK$117.60 price screens above the HK$32.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 30, 2026.

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Analysis

Fortior Technology (Shenzhen) Co., Ltd. (1304) currently trades at HK$117.60, while our model-based Fair Value estimate is HK$32.92, implying the stock looks roughly 257.3% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of HK$64.97 per share, and 0 of the 14 models we run sit above the HK$117.60 price. Bear case: the Economic Profit group reads lowest at HK$15.65, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Fortior Technology (Shenzhen) Co., Ltd. generated revenue of HK$853M at a net margin of 30.1%. Revenue grew 46.2% year over year. It earns a return on equity of 6.6%. The stock trades on a trailing P/E of 51.3 (as of Jul 2, 2026). Fundamentals as of Aug 30, 2026

Our scenario range runs from HK$19.64 (bear case) to HK$32.92 (bull case); at HK$117.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −72%, 1304 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly HK$1.19 per share, which is 3.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence HK$33.23 HK$33.12 HK$30.41 73
EPV HK$13.79 HK$15.65 HK$17.28 68
ROIC Compounder HK$13.79 HK$15.65 HK$17.28 67
All 14 models by family
Earnings-Based
Graham-Dodd HK$12.96 HK$90.41 HK$126.88 60
Lynch FV HK$39.74 HK$56.78 HK$73.81 58
PEG = 1.0 HK$39.74 HK$56.78 HK$73.81 55
EPV HK$13.79 HK$15.65 HK$17.28 68
Multiples
P/E Multiple HK$24.31 HK$32.41 HK$40.51 63
P/S Multiple HK$7.58 HK$10.11 HK$12.64 58
P/B Multiple HK$24.31 HK$32.41 HK$40.51 55
EV/EBIT HK$18.21 HK$23.41 HK$28.60 63
EV/EBITDA HK$14.84 HK$18.92 HK$23.00 64
EV/Revenue HK$9.69 HK$12.72 HK$15.75 52
Asset-Based
NCAV (Graham) HK$22.10 HK$29.61 HK$44.19 51
Economic Profit
Residual Income best evidence HK$33.23 HK$33.12 HK$30.41 73
ROIC Compounder HK$13.79 HK$15.65 HK$17.28 67
Growth Earnings
Growth-Adj P/E HK$45.48 HK$64.97 HK$84.46 65

Widest divergence: Growth Earnings (HK$64.97) versus Economic Profit (HK$15.65). Highest evidence: Residual Income (73).

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Key figures & financial health

P/E ratio 51.3 as of Jul 2, 2026
P/S ratio 14.5 P/E × margin
EPS (TTM) HK$2.54 price ÷ EPS = P/E 51.3
Dividend yield 0.7% payout 30.7%
Net margin 28.3% FY2025
Return on equity 6.6% TTM
More key figures
Profitability
Return on assets (EBIT) 8.7% avg 5y
Operating margin 29.9% TTM
Growth
Revenue (TTM) HK$853M TTM
Revenue growth (YoY) +46.2% 3y avg +33.8%
EPS growth (YoY) +42.6%
Balance sheet & cash flow
Free cash flow −HK$13.5M FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 38 · Market factors (momentum, volatility) 28

Profitability 36
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 1
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Fortior Technology (Shenzhen) Co., Ltd. provides driver and control IC chips for various motor systems in Asian, North American, and European markets. The company's products include three-phase ASIC series, single-phase ASIC series, driver IC series, MOSFET series, MCU series, and IPM series.

Full company description

Fortior Technology (Shenzhen) Co., Ltd. provides driver and control IC chips for various motor systems in Asian, North American, and European markets. The company's products include three-phase ASIC series, single-phase ASIC series, driver IC series, MOSFET series, MCU series, and IPM series. Its chips are used in various fields such as, automotive electronics, phone and kitchen appliances, health care, power tools, sports and travel, robots, IT and communications devices, and other driver control fields. The company was founded in 2010 and is headquartered in Shenzhen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fortior Technology (Shenzhen) Co., Ltd. reported revenue of 774M CNY in FY2025 versus 330M CNY in FY2021, a compound +23.7%/yr. Reported net income was 219M CNY in FY2025, compounding +12.8%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$774M
Latest YoY
+28.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+33.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+6.1% (5.4 + 0.7)
Revenue +23.7%/yr
FY21 330M CNY
FY22 323M CNY
FY23 411M CNY
FY24 600M CNY
FY25 774M CNY
Net income +12.8%/yr
FY21 135M CNY
FY22 142M CNY
FY23 175M CNY
FY24 222M CNY
FY25 219M CNY

1304 screens 257% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Fortior Technology (Shenzhen) Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/1304

Peer Group

Semiconductors · 325 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 35 · Bottom 25%
Fair Value upside −72% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 30% · Top 25%
Operating margin (TTM) 30% · Top 25%
Revenue growth 46% · Top 25%
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 51.3× · Pricier than median
P/B 3.19× · Cheaper than median
P/S (TTM) 18.97× · Pricier than 75% of peers
EV/EBITDA 80.1× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 65
PAST26 · sector 25
HEALTH0 · sector 96
DIVIDEND13 · sector 18

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $227.98 $98.98 −57%
Taiwan Semiconductor Manufacturing Company TSM $427.30 $296.10 −31%
Broadcom Inc AVGO $371.54 $118.27 −68%
SK hynix Inc 000660 1,647,000 KRW 1,481,291 KRW −10%
Micron Technology, Inc MU $932.86 $148.38 −84%
Advanced Micro Devices, Inc AMD $476.67 $55.02 −88%
Intel Corporation INTC $92.09 $35.41 −62%
Texas Instruments Incorporated TXN $266.54 $78.54 −71%
QUALCOMM Incorporated QCOM $164.78 $147.20 −11%
MediaTek Inc 2454 3,845 TWD 1,559 TWD −59%

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Frequently asked questions

Is Fortior Technology (Shenzhen) Co., Ltd. (1304) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of HK$32.92 versus a price of HK$117.60, about −72% upside (overvalued).
What is the fair value of 1304?
Our model-based fair value for Fortior Technology (Shenzhen) Co., Ltd. is HK$32.92 (as of Aug 30, 2026), built from audited fundamentals. The current price: HK$117.60.
What is the quality score of 1304?
Fortior Technology (Shenzhen) Co., Ltd. has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fortior Technology (Shenzhen) Co., Ltd. (1304)?
Fortior Technology (Shenzhen) Co., Ltd. reported trailing-twelve-month revenue of about HK$853M (latest available figure, as of Aug 30, 2026).
What is the net profit margin of 1304?
The net profit margin of Fortior Technology (Shenzhen) Co., Ltd. is about 30.1%, meaning it keeps roughly 30.1% of revenue as net income. Based on the latest reported figures.
Does Fortior Technology (Shenzhen) Co., Ltd. pay a dividend?
Fortior Technology (Shenzhen) Co., Ltd. currently shows a dividend yield of about 0.66% relative to its recent price (as of Aug 30, 2026).
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