Raytron Technology Co Ltd (688002) Fair Value & Analysis
Technology · CN · Market cap 80.0B CNY (≈ $11.9B) · ISIN CNE100003MX6
What is Raytron Technology Co Ltd really worth?
A strong business, but trading 234% above our fair value of ¥54.00.
Strengths
Risks
For context
Fair value as of: Aug 28, 2026
From 26 valuation models · updated 8 days ago
Share price +18.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥79.23). The favourable scenario is already priced in.
- A fairly wide model range (¥40.29 to ¥79.23) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range ¥23.77 – ¥185.00 · fair‑value band ¥40.29 – ¥79.23 · the ¥180.45 price screens above the ¥54.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Raytron Technology Co Ltd (688002) currently trades at ¥180.45, while our model-based Fair Value estimate is ¥54.00, implying the stock looks roughly 234.1% overvalued today. The Quality Score stands at 76/100 (high quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥118.19 per share, and 0 of the 26 models we run sit above the ¥180.45 price. Bear case: the Asset-Based group reads lowest at ¥8.92, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Raytron Technology Co Ltd generated revenue of 7.1B CNY at a net margin of 20.5%. Revenue grew 71.1% year over year. It earns a return on equity of 20.6%. Net debt stands at 388M CNY. Fundamentals as of Aug 28, 2026
Our scenario range runs from ¥40.29 (bear case) to ¥79.23 (bull case); at ¥180.45, 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 near its 52-week high and 196% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −70%, 688002 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 ¥1.81 per share, which is 3.3 % 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 26 models by family
Widest divergence: Growth Earnings (¥118.19) versus Dividend Discount (¥3.15). Highest evidence: EPV (74).
Notify me when 688002 reaches fair value
Put 688002 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 81
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
Raytron Technology Co.,Ltd. engages in the research and development, design, manufacturing, and sales of uncooled infrared imagining, MEMS sensor, and image processing algorithms technology in China.
Full company description
Raytron Technology Co.,Ltd. engages in the research and development, design, manufacturing, and sales of uncooled infrared imagining, MEMS sensor, and image processing algorithms technology in China. The company provides driving assistant, infrared imaging, and vacuum packaging products; MEMS design services for sensors; and ASIC, analog, and Hybrid IP design services. Its products are used in security and firefighting, such as security surveillance, thermal cameras, and airport monitoring system; medical health for infrared thermal imaging; ADAS for car safety; emergency response for outdoor search and rescue, and survivor detection; satellite communication for 5G communications; consumer electronics, including outdoor optical equipment, such as handheld thermal imagers, digital binoculars, and night vision scope; low-altitude operations; intelligent robots; space communication for enabling inter-satellite, ground-to-satellite, and ground-to-ground wireless links; scientific research innovation for astronomy, geology, and meteorology; and carbon neutrality for industrial monitoring, gas-leak detection, and new-energy, as well as chemical applications. The company also exports its products to Europe and North America. Raytron Technology Co.,Ltd. was incorporated in 2009 and is based in Yantai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Raytron Technology Co Ltd reported revenue of 6.3B CNY in FY2025 versus 1.8B CNY in FY2021, a compound +37.3%/yr. Reported net income was 1.1B CNY in FY2025, compounding +24.3%/yr from FY2021.
688002 screens 234% overvalued. Compare with Amphenol Corporation →
Peer Group
Electronic Components · 638 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 Electronic Components 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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amphenol Corporation APH | $157.74 | $97.19 | −38% |
| Corning Incorporated GLW | CHF 134.64 | CHF 35.18 | −74% |
| Delta Electronics, Inc 2308 | 1,750 TWD | 602.37 TWD | −66% |
| Luxshare Precision Industry Co 002475 | ¥56.06 | ¥38.44 | −31% |
| Samsung Electro-Mechanics Co 009150 | 1,503,000 KRW | 172,954 KRW | −88% |
| Suzhou Dongshan Precision Manufacturing Co 002384 | ¥202.11 | ¥21.19 | −90% |
| TE Connectivity plc TEL | $202.66 | $144.42 | −29% |
| Shengyi Technology Co 600183 | ¥132.80 | ¥36.30 | −73% |
| Flex Ltd FLEX | $124.53 | $48.10 | −61% |
| Celestica Inc CLS | $298.70 | $113.54 | −62% |
Compare Raytron Technology Co Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Raytron Technology Co Ltd (688002) overvalued or undervalued?
What is the fair value of 688002?
What is the quality score of 688002?
What is the revenue of Raytron Technology Co Ltd (688002)?
What is the net profit margin of 688002?
Does Raytron Technology Co Ltd pay a dividend?
Watch Raytron Technology Co Ltd in the live analysis
One click puts Raytron Technology Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.