Great Microwave Technology Co. Ltd. A (688270) Fair Value & Analysis
Technology · CN · Market cap 19.5B CNY (≈ $2.9B) · ISIN CNE100005R88
What is Great Microwave Technology Co. Ltd. A really worth?
A strong business, but trading 386% above our fair value of ¥11.67.
Strengths
Risks
Fair value as of: Aug 24, 2026
From 26 valuation models · updated 12 days ago
Share price −13.6% 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 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 ¥56.72 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.
Analysis
Great Microwave Technology Co. Ltd. A (688270) currently trades at ¥56.72, while our model-based Fair Value estimate is ¥11.67, implying the stock looks roughly 386.1% 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 ¥56.72 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
Our scenario range runs from ¥9.02 (bear case) to ¥14.02 (bull case); at ¥56.72, 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 75% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −79%, 688270 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 ¥0.3397 per share, which is 2.9 % 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 (¥22.48) versus Dividend Discount (¥1.40). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 36
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.
688270 screens 386% 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.
Insider activity: 40/100
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 24, 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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