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Shaanxi Lighte Optoelectronics Material Co. Ltd. A (688150) Fair Value & Analysis

Basic Materials · CN · Market cap 16.5B CNY (≈ $2.5B) · ISIN CNE1000059Q2

What is Shaanxi Lighte Optoelectronics Material Co. Ltd. A really worth?

SL Shaanxi Lighte Optoelectronics Material Co. Ltd. A 688150 · SHG
Price¥36.81
Fair Value¥9.26
Upside−74.8%
Quality68/100

A solid business, but trading 297% above our fair value of ¥9.26.

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Strengths

Highly profitable · 37.8% net margin
Low debt · generates free cash flow
Wide moat 73/100

Risks

!Expensive Growth (revenue 5y +15.0 %/yr)
!Mixed vs. peers (6/14)
!Weak on dividend: 16 out of 100

For context

·0.81% dividend yield
Evidence: High Range ¥4.95 – ¥11.43

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price +0.1% 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 (¥11.43). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥4.95 to ¥11.43) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥71.33 ¥11.73 Fair Value ¥9.26 Mar 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

54‑month range ¥11.73 – ¥71.33 · fair‑value band ¥4.95 – ¥11.43 · the ¥36.81 price screens above the ¥9.26 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Shaanxi Lighte Optoelectronics Material Co. Ltd. A (688150) currently trades at ¥36.81, while our model-based Fair Value estimate is ¥9.26, implying the stock looks roughly 297.5% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ¥13.22 per share, and 0 of the 26 models we run sit above the ¥36.81 price. Bear case: the Asset-Based group reads lowest at ¥3.19, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Shaanxi Lighte Optoelectronics Material Co. Ltd. A generated revenue of 540M CNY at a net margin of 37.8%. Revenue declined 8.2% year over year. It earns a return on equity of 10.7%. The stock trades on a trailing P/E of 72.2. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥4.95 (bear case) to ¥11.43 (bull case); at ¥36.81, 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 49% below its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at −75%, 688150 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 ¥0.1421 per share, which is 1.5 % 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.

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 (¥2.06 to ¥24.83). Read the values as a conservative anchor, not as a price target.
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
FCF DCF ¥4.19 ¥6.68 ¥13.58 76
Growth DCF ¥4.05 ¥7.35 ¥13.52 75
Residual Income ¥4.36 ¥5.02 ¥8.68 74
All 26 models by family
DCF Models
FCF DCF ¥4.19 ¥6.68 ¥13.58 76
Owner Earnings ¥4.70 ¥9.51 ¥19.40 71
5Y Revenue Exit ¥2.80 ¥4.32 ¥6.96 71
5Y EBITDA Exit ¥5.67 ¥10.62 ¥18.87 72
5Y P/E Exit ¥6.55 ¥13.27 ¥21.87 68
10Y Revenue Exit ¥3.15 ¥5.06 ¥7.47 66
10Y EBITDA Exit ¥5.21 ¥10.33 ¥19.64 65
10Y P/E Exit ¥5.83 ¥11.97 ¥22.47 60
Earnings-Based
Graham-Dodd ¥3.70 ¥24.83 ¥34.79 63
Lynch FV ¥7.27 ¥10.39 ¥13.50 61
PEG = 1.0 ¥7.27 ¥10.39 ¥13.50 57
EPV ¥5.34 ¥6.11 ¥6.78 71
Dividend Discount
Gordon GGM ¥2.95 ¥6.13 ¥9.72 66
DDM Multi-Stage ¥2.95 ¥5.17 ¥6.43 66
Multiples
P/E Multiple ¥6.94 ¥9.26 ¥11.57 63
P/S Multiple ¥1.54 ¥2.06 ¥2.57 58
P/B Multiple ¥6.94 ¥9.26 ¥11.57 55
EV/EBIT ¥7.16 ¥9.29 ¥11.43 66
EV/EBITDA ¥6.41 ¥8.30 ¥10.19 67
EV/Revenue ¥2.19 ¥2.80 ¥3.42 54
Asset-Based
NCAV (Graham) ¥2.38 ¥3.19 ¥4.76 54
Growth DCF
Growth DCF ¥4.05 ¥7.35 ¥13.52 75
Rev-Margin DCF ¥2.80 ¥4.45 ¥6.86 72
Economic Profit
Residual Income ¥4.36 ¥5.02 ¥8.68 74
ROIC Compounder ¥5.82 ¥8.09 ¥10.00 72
Growth Earnings
Growth-Adj P/E ¥9.25 ¥13.22 ¥17.18 67

Widest divergence: Growth Earnings (¥13.22) versus Asset-Based (¥3.19). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 72.2
P/S ratio 28.6 P/E × margin
EPS (TTM) ¥0.5100 price ÷ EPS = P/E 72.2
Dividend yield 0.8% payout 58.8%
Net margin 39.7% FY2025
Return on equity 10.7% TTM
More key figures
Profitability
Return on assets (EBIT) 7.9% avg 5y
Operating margin 39.3% TTM
Growth
Revenue (TTM) 540M CNY TTM
Revenue growth (YoY) −8.2% 3y avg +25.4%
EPS growth (YoY) −26.7%
Balance sheet & cash flow
Free cash flow 90.2M CNY FY2025

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 45

Profitability 50
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 82
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

Shaanxi Lighte Optoelectronics Material Co.,Ltd engages in the research, development, production, and sales of organic light-emitting diodes (OLED) materials. Its products include OLED materials; OLED terminal materials and intermediates; and other drug intermediates. The company supplies OLED terminal materials for the OLED panel manufacturers.

Full company description

Shaanxi Lighte Optoelectronics Material Co.,Ltd engages in the research, development, production, and sales of organic light-emitting diodes (OLED) materials. Its products include OLED materials; OLED terminal materials and intermediates; and other drug intermediates. The company supplies OLED terminal materials for the OLED panel manufacturers. The company was founded in 2010 and is headquartered in Xi'an, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shaanxi Lighte Optoelectronics Material Co. Ltd. A reported revenue of 552M CNY in FY2025 versus 341M CNY in FY2021, a compound +12.8%/yr. Reported net income was 219M CNY in FY2025, compounding +19.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
552M CNY
Latest YoY
+17.0%
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.
+25.4%
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.
+15.0%
Avg. revenue growth/yr (6Y) 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.
+18.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+13.6% (12.8 + 0.8)
Revenue +12.8%/yr
FY21 341M CNY
FY22 280M CNY
FY23 301M CNY
FY24 472M CNY
FY25 552M CNY
Net income +19.4%/yr
FY21 108M CNY
FY22 105M CNY
FY23 77.0M CNY
FY24 167M CNY
FY25 219M CNY

688150 screens 297% overvalued. Compare with Saudi Basic Industries Corporation →

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Cite: Fair Value Calculator (2026). "Shaanxi Lighte Optoelectronics Material Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688150

Peer Group

Chemicals · 339 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 68 · Top 25%
Fair Value upside −75% · Bottom 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) 39% · Top 25%
Revenue growth −8% · Bottom 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 72.2× · Pricier than 75% of peers
P/B 8.59× · Pricier than 75% of peers
P/S (TTM) 30.46× · Pricier than 75% of peers
P/FCF 27.2× · Pricier than 75% of peers
EV/EBITDA 56.4× · 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
FUTURE0 · sector 22
PAST43 · sector 20
HEALTH96 · sector 94
DIVIDEND16 · sector 32

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

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Dow Inc DOW $30.51 $21.03 −31%
Zhejiang Juhua Co 600160 ¥41.32 ¥21.62 −48%
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Zangge Mining Company 000408 ¥78.04 ¥20.99 −73%
Ganfeng Lithium Group 002460 ¥52.53 ¥16.17 −69%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR −15%
Hengli Petrochemical Co 600346 ¥18.87 ¥17.09 −9%

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Frequently asked questions

Is Shaanxi Lighte Optoelectronics Material Co. Ltd. A (688150) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥9.26 versus a price of ¥36.81, about −75% upside (overvalued).
What is the fair value of 688150?
Our model-based fair value for Shaanxi Lighte Optoelectronics Material Co. Ltd. A is ¥9.26 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥36.81.
What is the quality score of 688150?
Shaanxi Lighte Optoelectronics Material Co. Ltd. A has a Quality Score of 68/100. 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 Shaanxi Lighte Optoelectronics Material Co. Ltd. A (688150)?
Shaanxi Lighte Optoelectronics Material Co. Ltd. A reported trailing-twelve-month revenue of about 540M CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 688150?
The net profit margin of Shaanxi Lighte Optoelectronics Material Co. Ltd. A is about 37.8%, meaning it keeps roughly 37.8% of revenue as net income. Based on the latest reported figures.
Does Shaanxi Lighte Optoelectronics Material Co. Ltd. A pay a dividend?
Shaanxi Lighte Optoelectronics Material Co. Ltd. A currently shows a dividend yield of about 0.81% relative to its recent price (as of Aug 13, 2026).
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