Hangzhou Silan Microelectronics Co Ltd (600460) Fair Value & Analysis
Technology · CN · Market cap 54.2B CNY (≈ $8.1B) · ISIN CNE000001DN1
What is Hangzhou Silan Microelectronics Co Ltd really worth?
Below-average quality, and trading another 352% above our fair value of ¥6.71.
Risks
For context
Fair value as of: Aug 22, 2026
From 17 valuation models · updated 14 days ago
Share price −0.9% 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 (¥8.38). The favourable scenario is already priced in.
- Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range ¥16.30 – ¥69.37 · fair‑value band ¥5.03 – ¥8.38 · the ¥30.34 price screens above the ¥6.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.
Analysis
Hangzhou Silan Microelectronics Co Ltd (600460) currently trades at ¥30.34, while our model-based Fair Value estimate is ¥6.71, implying the stock looks roughly 352.1% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥6.93 per share, and 0 of the 17 models we run sit above the ¥30.34 price. Bear case: the DCF Models group reads lowest at ¥2.07, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Hangzhou Silan Microelectronics Co Ltd generated revenue of 13.6B CNY at a net margin of 3.4%. Revenue grew 17.3% year over year. It earns a return on equity of 1.5%. Net debt stands at 2.3B CNY. Fundamentals as of Aug 22, 2026
Our scenario range runs from ¥5.03 (bear case) to ¥8.38 (bull case); at ¥30.34, 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 22% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −78%, 600460 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 ¥0.1353 per share, which is 2.0 % 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.
All 17 models by family
Widest divergence: Growth Earnings (¥6.93) versus DCF Models (¥2.07). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 38
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
Hangzhou Silan Microelectronics Co., Ltd., together with its subsidiaries, engages in the research, design, development, production, and sale of electronic components in China.
Full company description
Hangzhou Silan Microelectronics Co., Ltd., together with its subsidiaries, engages in the research, design, development, production, and sale of electronic components in China. It offers discrete devices, including LVMOS, HVMOS, IGBT, SiC, and diode; IPM products; industrial and automobile IGBT modules; AC-DC and DC-DC converters; fast charging ICs; and LED lighting drivers, such as dimming and non-dimming LED lighting, LED headlight, and automotive low-voltage motor drivers, as well as smart power switches. The company also provides three-phase and singe half bridge drivers, as well as PFC IGBT gate driver; MEMS sensor comprising triaxial acceleration, six-axis inertial, proximity detection and digital ambient light, heart rate, and silicon microphone sensors; MCU IC products; and digital audio/video, which includes CD SERVO, audio decode, audio effects processing, intelligent audio. In addition, it offers ASIC products, such as bipolar PWM controller and DC-DC, LDO, logic and switch and level shift, comparator, reference IC, and linear regulator, as well as volume and sound control, DC drive, darlington, operational amplifier, and audio circuits; and GaN and GaAs LED chips. Further, the company is involved in information transmission; software and information technology services; wholesale and retail trade; leasing and business services; and scientific research and technical services. Its products are used in home appliances, industrial, LED lighting and chip, automotive, consumer, and audio-visual applications. The company was incorporated in 1997 and is headquartered in Hangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hangzhou Silan Microelectronics Co Ltd reported revenue of 13.1B CNY in FY2025 versus 7.2B CNY in FY2021, a compound +16.1%/yr. Reported net income was 399M CNY in FY2025, compounding −28.4%/yr from FY2021.
600460 screens 352% overvalued. Compare with NVIDIA Corporation →
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.
Valuation Multiples vs Semiconductors median · lower = cheaper
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.
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.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 22, 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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