Wus Printed Circuit (Kunshan) stock: fair value
002463.SZThe fair value of Wus Printed Circuit (Kunshan) under our model is $9.60, the price is 43% 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 $6.40 and expensive above $19.19 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $2.84 (cash-flow model) and $16.35 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.1%. At 10.1% the fair value would be $9.41, at 8.1% it would be $9.85.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (31.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.3%. Discounted at 9.1% (government bond yield 2.3% plus beta 1.32 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 $2.84 per share: free cash flow for the next ten years, each year discounted to today at 9.1%, 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 9.1%) |
|---|---|---|---|---|
| 2026 | $318.05M | extrapolated at 11.3% | 0.9167 | $291.55M |
| 2027 | $345.31M | extrapolated at 8.6% | 0.8403 | $290.16M |
| 2028 | $368.42M | extrapolated at 6.7% | 0.7703 | $283.79M |
| 2029 | $388.23M | extrapolated at 5.4% | 0.7061 | $274.13M |
| 2030 | $405.54M | extrapolated at 4.5% | 0.6473 | $262.49M |
| 2031 | $421M | extrapolated at 3.8% | 0.5933 | $249.8M |
| 2032 | $435.16M | extrapolated at 3.4% | 0.5439 | $236.68M |
| 2033 | $448.41M | extrapolated at 3.1% | 0.4986 | $223.57M |
| 2034 | $461.08M | extrapolated at 2.8% | 0.4570 | $210.73M |
| 2035 | $473.4M | extrapolated at 2.7% | 0.4190 | $198.34M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $2.52B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (9.1% − 2.3%) | $7.14B |
| Present value of terminal value (× 0.4190) | $2.99B |
| Equity value (sum plus present value of terminal value) | $5.51B |
| Shares (diluted) | 1.94B |
| Value per share (equity value divided by shares) | $2.84 |
| Earnings per share, last twelve months | $0.52 |
| × 31.5 (industry P/E) | $16.35 |
| Fair value (average of both parts) | $9.60 |
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 Strong since 13 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- 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.