Unigroup Guoxin Microelectronics stock: fair value
002049.SZThe fair value of Unigroup Guoxin Microelectronics under our model is $4.76, the price is 62% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $3.40 and expensive above $7.94 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $0.86 (cash-flow model) and $8.66 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 11.8%. At 12.8% the fair value would be $4.72, at 10.8% it would be $4.81.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (39.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.3%. Discounted at 11.8% (government bond yield 2.3% plus beta 1.85 times a risk premium of 5.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $0.86 per share: free cash flow for the next ten years, each year discounted to today at 11.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 11.8%) |
|---|---|---|---|---|
| 2026 | $75.27M | extrapolated at −2.6% | 0.8942 | $67.31M |
| 2027 | $74.42M | extrapolated at −1.1% | 0.7997 | $59.51M |
| 2028 | $74.34M | extrapolated at −0.1% | 0.7151 | $53.16M |
| 2029 | $74.8M | extrapolated at 0.6% | 0.6394 | $47.83M |
| 2030 | $75.64M | extrapolated at 1.1% | 0.5718 | $43.25M |
| 2031 | $76.76M | extrapolated at 1.5% | 0.5113 | $39.25M |
| 2032 | $78.09M | extrapolated at 1.7% | 0.4573 | $35.71M |
| 2033 | $79.57M | extrapolated at 1.9% | 0.4089 | $32.54M |
| 2034 | $81.19M | extrapolated at 2.0% | 0.3656 | $29.69M |
| 2035 | $82.9M | extrapolated at 2.1% | 0.3270 | $27.11M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $435.34M |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (11.8% − 2.3%) | $891.14M |
| Present value of terminal value (× 0.3270) | $291.38M |
| Equity value (sum plus present value of terminal value) | $726.72M |
| Shares (diluted) | 840.14M |
| Value per share (equity value divided by shares) | $0.86 |
| Earnings per share, last twelve months | $0.22 |
| × 39.8 (industry P/E) | $8.66 |
| Fair value (average of both parts) | $4.76 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Jan 2026)
- Valuation signal Fairly valued since 13 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.