ACM Research Shanghai Inc (688082) fair value: what the stock is really worth
We calculate from audited financials what ACM Research Shanghai Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Below-average quality, and trading another 382% above our fair value of ¥57.62.
As of Aug 21, 2026, the fair value of ACM Research Shanghai Inc is ¥57.62 per share against a price of ¥277.84, so the fair value sits 79% below the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +46.4 %/yr)
✓Solidly profitable · 18.0% net margin
!Low debt · negative free cash flow
·0.22% dividend yield
!Mixed vs. peers (6/12)
!Moderate moat 56/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 4 out of 100
Evidence: MediumRange ¥29.75 to ¥70.53
Fair value as of: Aug 21, 2026
From 17 valuation models · updated 21 days ago
Share price −10.9% over the past month.
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What matters now
The price sits above even our optimistic bull case (¥70.53). The favourable scenario is already priced in.
Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
A fairly wide model range (¥29.75 to ¥70.53) 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 21, 2026.
How to read this chart
58‑month range ¥68.28 – ¥447.95 · fair‑value band ¥29.75 – ¥70.53 · the ¥277.84 price screens above the ¥57.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
ACM Research Shanghai Inc (688082) currently trades at ¥277.84, while our model-based Fair Value estimate is ¥57.62, implying the stock looks roughly 382.2% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥146.19 per share, and 0 of the 17 models we run sit above the ¥277.84 price. Bear case: the Dividend Discount group reads lowest at ¥9.62, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, ACM Research Shanghai Inc generated revenue of 7.0B CNY at a net margin of 18.0%. Revenue grew 13.1% year over year. It earns a return on equity of 11.5%. The balance sheet holds a net cash position of 2.9B CNY. Fundamentals as of Aug 21, 2026
Scenario range: ¥29.75 (bear) to ¥70.53 (bull), the price of ¥277.84 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 167% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at −79%, 688082 screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥1.45 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥9.62 to ¥146.19). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘ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
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Key figures & financial health
P/E ratio101.8
P/S ratio20.9P/E × margin
EPS (TTM)¥2.73price ÷ EPS = P/E 101.8
Dividend yield0.2%payout 22.8%
Net margin20.6%FY2025
Return on equity11.5%TTM
More key figures
Profitability
Return on assets (EBIT)8.0%avg 5y
Operating margin15.2%TTM
Growth
Revenue (TTM)7.0B CNYTTM
Revenue growth (YoY)+13.1%3y avg +33.2%
EPS growth (YoY)−62.5%
Balance sheet & cash flow
Free cash flow−238M CNYFY2025
Net cash2.9B CNYFY2025
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality46/100
Of which business quality 46
· Market factors (momentum, volatility) 70
Profitability46
Margins and returns on capital today
Quality Growth36
Are margins and returns improving?
Cashflow8
Earnings quality: real cash, not paper profit
Fin. Strength96
Balance sheet, leverage, solvency risk
Investment23
Disciplined investing over empire-building
Low Volatility45
Calm price path (market factor)
Momentum85
Price trend over the last 3–12 months (market factor)
52W Momentum74
Distance to the 52-week high (market factor)
Net Issuance60
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
ACM Research (Shanghai), Inc. engages in the research, development, production, and sale of semiconductor equipment in China. The company offers cleaning equipment; plating system and panel level packaging; furnace system; track systems; PECVD systems; and stress free polishing systems.
Full company description
ACM Research (Shanghai), Inc. engages in the research, development, production, and sale of semiconductor equipment in China. The company offers cleaning equipment; plating system and panel level packaging; furnace system; track systems; PECVD systems; and stress free polishing systems. It serves IC and compound semi manufacturing, wafer-level and panel level packaging, and wafer manufacturing and reclaim industries. ACM Research (Shanghai), Inc. was founded in 2005 and is based in Shanghai, China. ACM Research (Shanghai), Inc. operates as a subsidiary of ACM Research, Inc.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ACM Research Shanghai Inc reported revenue of 6.8B CNY in FY2025 versus 1.6B CNY in FY2021, a compound +43.0%/yr. Reported net income was 1.4B CNY in FY2025, compounding +51.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.8B CNY
Latest YoY
+20.8%
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.
+33.2%
Avg. revenue growth/yr (5Y) ⓘ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.
+46.4%
Avg. revenue growth/yr (8Y) ⓘ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.
+50.8%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+39.8%
Earnings growth per share plus dividend yield: the value created per share and year.
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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.
This stockSector peers
VALUE0· sector 0
FUTURE66· sector 63
PAST46· sector 30
HEALTH96· sector 96
DIVIDEND4· sector 17
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
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Is ACM Research Shanghai Inc (688082) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥57.62 versus a price of ¥277.84, about −79% upside (overvalued).
What is the fair value of 688082?
Our model-based fair value for ACM Research Shanghai Inc is ¥57.62 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥277.84.
What is the quality score of 688082?
ACM Research Shanghai Inc has a Quality Score of 46/100. 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 price target for ACM Research Shanghai Inc (688082)?
Our model-based price target is the fair value of ¥57.62 (as of Aug 21, 2026) from 17 valuation models. Cautious scenario ¥29.75, optimistic scenario ¥70.53. It is a calculation from audited fundamentals, not an analyst target.
What is the ACM Research Shanghai Inc stock forecast for 2026?
Our models put fair value at ¥57.62, about −79% upside versus a price of ¥277.84 (overvalued). Cautious scenario ¥29.75, optimistic scenario ¥70.53. The calculation is refreshed regularly with new filings.
What is the revenue of ACM Research Shanghai Inc (688082)?
ACM Research Shanghai Inc reported trailing-twelve-month revenue of about 7.0B CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 688082?
The net profit margin of ACM Research Shanghai Inc is about 18.0%, meaning it keeps roughly 18.0% of revenue as net income. Based on the latest reported figures.
Does ACM Research Shanghai Inc pay a dividend?
ACM Research Shanghai Inc currently shows a dividend yield of about 0.22% relative to its recent price (as of Aug 21, 2026).
What is the intrinsic value of ACM Research Shanghai Inc (688082)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ACM Research Shanghai Inc it is ¥57.62 per share (as of Aug 21, 2026), against a price of ¥277.84. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is ACM Research Shanghai Inc stock overvalued or undervalued in 2026?
As of Aug 21, 2026, 688082 trades above its calculated fair value: price ¥277.84, fair value ¥57.62, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 688082?
No. The price is what the market pays today (¥277.84); the fair value is what the company's own numbers justify (¥57.62). For ACM Research Shanghai Inc the two are ¥220.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is ACM Research Shanghai Inc worth?
The market values ACM Research Shanghai Inc at about 145B CNY (market capitalisation, as of Aug 21, 2026). Per share that is ¥277.84; our models calculate a fair value of ¥57.62 per share.
What do the bullish and bearish scenarios say about 688082?
Our models span a range for ACM Research Shanghai Inc: cautious scenario ¥29.75, base ¥57.62, optimistic ¥70.53 per share (as of Aug 21, 2026, price ¥277.84). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688082?
ACM Research Shanghai Inc trades at a price-to-earnings ratio of 101.8 (as of Aug 21, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥57.62 is built from several models across several years. Other multiples: P/B 10.8, P/S 20.8.
How solid is the balance sheet of ACM Research Shanghai Inc (688082)?
Balance-sheet figures for ACM Research Shanghai Inc (as of Aug 21, 2026): return on equity 11.5%, debt of 0.08 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 688082 from its 52-week high?
ACM Research Shanghai Inc trades at ¥277.84, about 0% below its 52-week high of ¥278.35 and 167% above the low of ¥104.07 (as of Aug 21, 2026). Distance from the high says nothing about value: that is what the fair value of ¥57.62 is for.
Which stocks are comparable to ACM Research Shanghai Inc?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ACM Research Shanghai Inc stock attractive at the current price?
The data as of Aug 21, 2026: price ¥277.84, calculated fair value ¥57.62 (−79%), Quality Score 46/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 688082 calculated?
We run ACM Research Shanghai Inc through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥57.62, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. ACM Research Shanghai Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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