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Huaqin Technology Co. Ltd (3296) Fair Value & Analysis

Technology · HK · Market cap HK$93.1B (≈ $11.9B)

What is Huaqin Technology Co. Ltd really worth?

HT Huaqin Technology Co. Ltd 3296 · HK
PriceHK$73.75
Fair ValueHK$71.51
Upside−3.0%
Quality61/100

A solid business, currently priced close to our fair value of HK$71.51.

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Strengths

Ranks above peers (9/13)

Risks

!Expensive Growth (revenue YoY +56.0 %/yr)
!Thin margins · 2.4% net margin
!Low debt · negative free cash flow
!Narrow moat 34/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 29 out of 100
!Weak on dividend: 23 out of 100

For context

·1.16% dividend yield
Evidence: Medium Range HK$51.52 – HK$111.47

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from HK$75.04 to HK$71.51 (−4.7%) since Aug 5, 2026. Share price +6.7% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$51.52 to HK$111.47) leaves room in how you read the outcome.

Price vs Fair Value (4 months)

HK$93.75 HK$57.85 Fair Value HK$71.51 Apr 2026 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

4‑month range HK$57.85 – HK$93.75 · fair‑value band HK$51.52 – HK$111.47 · the HK$73.75 price screens above the HK$71.51 fair value. As of Aug 13, 2026.

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Analysis

Huaqin Technology Co. Ltd (3296) currently trades at HK$73.75, while our model-based Fair Value estimate is HK$71.51, implying the stock looks roughly 3.1% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of HK$173.92 per share, and 7 of the 17 models we run sit above the HK$73.75 price. Bear case: the Dividend Discount group reads lowest at HK$13.66, and 10 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Huaqin Technology Co. Ltd generated revenue of HK$177B at a net margin of 2.4%. Revenue grew 16.4% year over year. It earns a return on equity of 17.0%. Net debt stands at HK$9.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$51.52 (bear case) to HK$111.47 (bull case); at HK$73.75, the current price sits within 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 27% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −21% fair-value upside, at −3%, 3296 screens cheaper than that median.

Fair Value models

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
EPV best evidence HK$33.36 HK$38.07 HK$42.18 71
EV/EBITDA HK$56.69 HK$73.87 HK$91.05 67
EV/EBIT HK$52.97 HK$68.91 HK$84.85 66
All 17 models by family
DCF Models
Owner Earnings HK$38.74 HK$81.61 HK$171.61 63
Earnings-Based
Graham-Dodd HK$25.83 HK$180.16 HK$252.83 56
Lynch FV HK$93.08 HK$132.97 HK$172.86 54
PEG = 1.0 HK$93.08 HK$132.97 HK$172.86 51
EPV best evidence HK$33.36 HK$38.07 HK$42.18 71
Dividend Discount
Gordon GGM HK$7.79 HK$16.20 HK$25.70 59
DDM Multi-Stage HK$7.79 HK$13.66 HK$17.00 59
Multiples
P/E Multiple HK$59.84 HK$79.78 HK$99.73 63
P/S Multiple HK$48.44 HK$64.59 HK$80.73 58
P/B Multiple HK$48.44 HK$64.59 HK$80.73 55
EV/EBIT HK$52.97 HK$68.91 HK$84.85 66
EV/EBITDA HK$56.69 HK$73.87 HK$91.05 67
EV/Revenue HK$39.27 HK$53.90 HK$68.53 54
Asset-Based
NCAV (Graham) HK$12.01 HK$16.09 HK$24.01 54
Economic Profit
Residual Income HK$25.31 HK$34.15 HK$116.04 56
ROIC Compounder HK$42.98 HK$60.83 HK$74.88 64
Growth Earnings
Growth-Adj P/E HK$121.75 HK$173.92 HK$226.10 60

Widest divergence: Growth Earnings (HK$173.92) versus Dividend Discount (HK$13.66). Highest evidence: EPV (71).

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Key figures & financial health

P/E ratio 19.6 as of Jul 2, 2026
P/S ratio 0.47 P/E × margin
Dividend yield 1.2%
Net margin 2.4% FY2025
Return on equity 17.0% TTM
Return on assets (EBIT) 4.4% avg 3y
More key figures
Profitability
Operating margin 2.5% TTM
Growth
Revenue (TTM) HK$177B TTM
Revenue growth (YoY) +16.4%
EPS growth (YoY) +25.3%
Balance sheet & cash flow
Free cash flow −HK$3.7B FY2025
Net debt HK$9.1B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 41

Profitability 49
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 80
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

Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally.

Full company description

Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally. The company offers personal electronics, including smart phones, tablets, and laptops; smart wearables; VR and AR, smart speaker, smart door lock, and TV; automotive electronics comprising intelligent cabin, connection, driving, and vehicle control; commercial devices which include POS, mobile data collection terminals, intelligent door locks, intelligent speakers, smart office, industrial webcams, and edge computing; and general purpose servers, network switches, heterogeneous servers, and edge servers, as well as digital scenes. It caters to global technology companies and the consumer electronics industry. The company sells its products through direct sales force, distributors, and global brand customers. Huaqin Co., Ltd. was formerly known as Huaqin Technology Co.ltd. and changed its name to Huaqin Co., Ltd. in December 2020. The company was founded in 2005 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

Huaqin Technology Co. Ltd reported revenue of 171B CNY in FY2025 versus 85.3B CNY in FY2023, a compound +41.7%/yr. Reported net income was 4.1B CNY in FY2025, compounding +22.8%/yr from FY2023.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$171B
Latest YoY
+56.0%
Value creation/yr We only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Revenue +41.7%/yr
FY23 85.3B CNY
FY24 110B CNY
FY25 171B CNY
Net income +22.8%/yr
FY23 2.7B CNY
FY24 2.9B CNY
FY25 4.1B CNY

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Cite: Fair Value Calculator (2026). "Huaqin Technology Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3296

Peer Group

Consumer Electronics · 127 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 61 · Top 25%
Fair Value upside −3% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 2% · Above median
Revenue growth 16% · Above median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 19.6× · Cheaper than median
P/B 3.61× · Pricier than 75% of peers
P/S (TTM) 0.53× · Cheaper than median
EV/EBITDA 17.8× · Pricier than median

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
VALUE29 · sector 7
FUTURE82 · sector 7
PAST68 · sector 16
HEALTH91 · sector 97
DIVIDEND23 · sector 43

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 Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Samsung Electronics Co 005930 257,000 KRW 163,160 KRW −37%
Sony Group SONY $24.07 $28.28 +17%
Xiaomi Corporation 81810 HK$24.16 HK$38.03 +57%
LG Electronics Inc 066570 201,500 KRW 98,149 KRW −51%
Sharetronic Data Technology Co 300857 ¥254.49 ¥35.52 −86%
Huaqin Co 603296 ¥78.49 ¥39.69 −49%
Goertek Inc 002241 ¥22.11 ¥21.02 −5%
LG Corp 003550 113,700 KRW 89,984 KRW −21%
Shenzhen Transsion Holdings 688036 ¥58.89 ¥56.82 −4%
Dixon Technologies (India) Limited DIXON ₹14,495 ₹4,022 −72%

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Frequently asked questions

Is Huaqin Technology Co. Ltd (3296) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$71.51 versus a price of HK$73.75, about −3% upside (fairly valued).
What is the fair value of 3296?
Our model-based fair value for Huaqin Technology Co. Ltd is HK$71.51 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$73.75.
What is the quality score of 3296?
Huaqin Technology Co. Ltd has a Quality Score of 61/100. 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 Huaqin Technology Co. Ltd (3296)?
Huaqin Technology Co. Ltd reported trailing-twelve-month revenue of about HK$177B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3296?
The net profit margin of Huaqin Technology Co. Ltd is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Huaqin Technology Co. Ltd pay a dividend?
Huaqin Technology Co. Ltd currently shows a dividend yield of about 1.16% relative to its recent price (as of Aug 13, 2026).
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