Great Microwave Technology Co. Ltd. A (688270) fair value: what the stock is really worth
We calculate from audited financials what Great Microwave Technology Co. Ltd. A 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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A strong business, but trading 371% above our fair value of ¥11.67.
As of Aug 24, 2026, the fair value of Great Microwave Technology Co. Ltd. A is ¥11.67 per share against a price of ¥54.93, so the fair value sits 79% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +23.2 %/yr)
✓Highly profitable · 31.3% net margin
✓generates free cash flow
!Mixed vs. peers (6/12)
✓Wide moat 68/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 27 out of 100
!Weak on dividend: 2 out of 100
Evidence: MediumRange ¥9.02 to ¥14.02
Fair value as of: Aug 24, 2026
From 26 valuation models · updated 18 days ago
Share price −15.6% over the past month.
This is the short version. In the app for Great Microwave Technology Co. Ltd. A:
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69 individual criteria per stock, every one traceable See the method →
What matters now
A high-quality business (quality 80/100), 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 (¥14.02). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.
How to read this chart
55‑month range ¥13.88 – ¥154.96 · fair‑value band ¥9.02 – ¥14.02 · the ¥54.93 price screens above the ¥11.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 24, 2026.
Great Microwave Technology Co. Ltd. A (688270) currently trades at ¥54.93, while our model-based Fair Value estimate is ¥11.67, implying the stock looks roughly 370.6% overvalued today. The Quality Score stands at 80/100 (high quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥22.48 per share, and 0 of the 26 models we run sit above the ¥54.93 price. Bear case: the Dividend Discount group reads lowest at ¥1.40, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Great Microwave Technology Co. Ltd. A generated revenue of 480M CNY at a net margin of 31.3%. Revenue grew 67.0% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of 684M CNY. Fundamentals as of Aug 24, 2026
Scenario range: ¥9.02 (bear) to ¥14.02 (bull), the price of ¥54.93 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 76% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −63% fair-value upside, at −79%, 688270 screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥0.3479 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 (¥1.40 to ¥22.76). 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 ratio78.5
P/S ratio24.2P/E × margin
EPS (TTM)¥0.7000price ÷ EPS = P/E 78.5
Dividend yield0.1%payout 8.7%
Net margin30.9%FY2025
Return on equity6.7%TTM
More key figures
Profitability
Return on assets (EBIT)6.7%avg 5y
Operating margin33.4%TTM
Growth
Revenue (TTM)480M CNYTTM
Revenue growth (YoY)+67.0%3y avg +21.2%
EPS growth (YoY)+80.0%
Balance sheet & cash flow
Free cash flow58.1M CNYFY2025
Net cash684M CNYFY2024
Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality80/100
Of which business quality 76
· Market factors (momentum, volatility) 33
Profitability42
Margins and returns on capital today
Quality Growth94
Are margins and returns improving?
Cashflow53
Earnings quality: real cash, not paper profit
Fin. Strength100
Balance sheet, leverage, solvency risk
Investment90
Disciplined investing over empire-building
Low Volatility50
Calm price path (market factor)
Momentum25
Price trend over the last 3–12 months (market factor)
52W Momentum28
Distance to the 52-week high (market factor)
Net Issuance95
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
Great Microwave Technology Co., Ltd. engages in the research and development, production, and sale of integrated circuit chips and microsystems in China.
Full company description
Great Microwave Technology Co., Ltd. engages in the research and development, production, and sale of integrated circuit chips and microsystems in China. The company offers terminal radio frequency (RF) front-end chips, including terminal power amplifiers, low-noise amplifiers, and RF switches for use in wireless communication terminals, such as ad hoc networks, radios, digital intercoms, and navigation. It also provides Microsystems and modules that used in various phased array payload systems comprising spaceborne, ground-based, vehicle-mounted, and shipborne systems; and RF chips, microsystems, and modules for communications and radar industries. In addition, the company offers RF transceiver chips and ADC/DAC chips used in digital phased array systems, mobile communication systems, satellite internet, and other wireless communication terminals and communication radar systems, as well as power chips. It also provides technical services. The company was founded in 2015 and is headquartered in Hangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Great Microwave Technology Co. Ltd. A reported revenue of 432M CNY in FY2025 versus 191M CNY in FY2021, a compound +22.7%/yr. Reported net income was 133M CNY in FY2025, compounding +7.7%/yr from FY2021.
Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
432M CNY
Latest YoY
+42.3%
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.
+21.2%
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.
+23.2%
Avg. revenue growth/yr (7Y) ⓘ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.
+95.2%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +6.4%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+6.3%
Dividend yield0.1%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.50.6% (2020) → 31.1% (2025) · falling
Worst earnings drop84% (2024) · in CNY
⚠ Final year 2025 sits 91% above trend (one-off), rate approximate
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Cite: Fair Value Calculator (2026). "Great Microwave Technology Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688270
Peer Group
Semiconductors · 327 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
Quality Score80 · Top 25%
Fair Value upside−79% · Bottom 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Above median
Net margin (TTM)31% · Top 25%
Operating margin (TTM)33% · Top 25%
Growth and dividend
Revenue growth67% · Top 25%
Dividend yield (TTM)0.1% · Bottom 25%
Valuation Multiples vs Semiconductors median · lower = cheaper
P/E (TTM)78.5× · Pricier than median
P/B8.65× · Priciest 25%
P/S (TTM)40.59× · Priciest 25%
P/FCF50.0× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Great Microwave Technology Co. Ltd. A deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+36.0 % per year
Achieved revenue growth, 5 years+23.2 % p.a.
Sector median revenue growth+8.3 %
FCF yield on price0.52 %
Discount rate (WACC) in the models9.1 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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
FUTURE100· sector 65
PAST27· sector 24
HEALTH0· sector 96
DIVIDEND2· sector 18
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).
Is Great Microwave Technology Co. Ltd. A (688270) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of ¥11.67 versus a price of ¥54.93, about −79% upside (overvalued).
What is the fair value of 688270?
Our model-based fair value for Great Microwave Technology Co. Ltd. A is ¥11.67 (as of Aug 24, 2026), built from audited fundamentals. The current price: ¥54.93.
What is the quality score of 688270?
Great Microwave Technology Co. Ltd. A has a Quality Score of 80/100. 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 Great Microwave Technology Co. Ltd. A (688270)?
Our model-based price target is the fair value of ¥11.67 (as of Aug 24, 2026) from 26 valuation models. Cautious scenario ¥9.02, optimistic scenario ¥14.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Great Microwave Technology Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥11.67, about −79% upside versus a price of ¥54.93 (overvalued). Cautious scenario ¥9.02, optimistic scenario ¥14.02. The calculation is refreshed regularly with new filings.
What is the revenue of Great Microwave Technology Co. Ltd. A (688270)?
Great Microwave Technology Co. Ltd. A reported trailing-twelve-month revenue of about 480M CNY (latest available figure, as of Aug 24, 2026).
What is the net profit margin of 688270?
The net profit margin of Great Microwave Technology Co. Ltd. A is about 31.3%, meaning it keeps roughly 31.3% of revenue as net income. Based on the latest reported figures.
Does Great Microwave Technology Co. Ltd. A pay a dividend?
Great Microwave Technology Co. Ltd. A currently shows a dividend yield of about 0.11% relative to its recent price (as of Aug 24, 2026).
What growth is priced into Great Microwave Technology Co. Ltd. A (688270)?
For today's price to be fair in a discounted-cash-flow model, Great Microwave Technology Co. Ltd. A would have to grow free cash flow by +36.0 % per year for ten years (discount rate 9.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +23.2 % per year. As of Aug 24, 2026.
What discount rate (WACC) does the fair value of 688270 use?
Our models discount Great Microwave Technology Co. Ltd. A at 9.1 %: a base by market capitalisation (mid), damped by beta 0.03, country premium for China. The same rate applies in all 26 models.
What is the intrinsic value of Great Microwave Technology Co. Ltd. A (688270)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Great Microwave Technology Co. Ltd. A it is ¥11.67 per share (as of Aug 24, 2026), against a price of ¥54.93. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Great Microwave Technology Co. Ltd. A stock overvalued or undervalued in 2026?
As of Aug 24, 2026, 688270 trades above its calculated fair value: price ¥54.93, fair value ¥11.67, 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 688270?
No. The price is what the market pays today (¥54.93); the fair value is what the company's own numbers justify (¥11.67). For Great Microwave Technology Co. Ltd. A the two are ¥43.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is Great Microwave Technology Co. Ltd. A worth?
The market values Great Microwave Technology Co. Ltd. A at about 19.5B CNY (market capitalisation, as of Aug 24, 2026). Per share that is ¥54.93; our models calculate a fair value of ¥11.67 per share.
What do the bullish and bearish scenarios say about 688270?
Our models span a range for Great Microwave Technology Co. Ltd. A: cautious scenario ¥9.02, base ¥11.67, optimistic ¥14.02 per share (as of Aug 24, 2026, price ¥54.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688270?
Great Microwave Technology Co. Ltd. A trades at a price-to-earnings ratio of 78.5 (as of Aug 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥11.67 is built from several models across several years. Other multiples: P/B 8.7, P/S 40.6.
How solid is the balance sheet of Great Microwave Technology Co. Ltd. A (688270)?
Balance-sheet figures for Great Microwave Technology Co. Ltd. A (as of Aug 24, 2026): return on equity 6.7%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 688270 from its 52-week high?
Great Microwave Technology Co. Ltd. A trades at ¥54.93, about 76% below its 52-week high of ¥228.00 and 32% above the low of ¥41.60 (as of Aug 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥11.67 is for.
Which stocks are comparable to Great Microwave Technology Co. Ltd. A?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, 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 Great Microwave Technology Co. Ltd. A stock attractive at the current price?
The data as of Aug 24, 2026: price ¥54.93, calculated fair value ¥11.67 (−79%), Quality Score 80/100, from 26 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 688270 calculated?
We run Great Microwave Technology Co. Ltd. A through 26 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 ¥11.67, 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. Great Microwave Technology Co. Ltd. A 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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