Fiberhome Telecommunication Technologies stock: fair value
600498.SSThe fair value of Fiberhome Telecommunication Technologies under our model is $9.19, the price is 52% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Possible value trapIn our model the price counts as cheap below $6.13 and expensive above $18.39 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $17.55 (cash-flow model) and $0.83 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 10.6%. At 11.6% the fair value would be $8.12, at 9.6% it would be $10.56.
Possible value trap: looks cheap, but score below 50.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (31.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.3%. Discounted at 10.6% (government bond yield 2.3% plus beta 1.61 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 $17.55 per share: free cash flow for the next ten years, each year discounted to today at 10.6%, 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 10.6%) |
|---|---|---|---|---|
| 2026 | $882.71M | extrapolated at 50.3% | 0.9043 | $798.2M |
| 2027 | $1.2B | extrapolated at 35.9% | 0.8177 | $980.94M |
| 2028 | $1.51B | extrapolated at 25.8% | 0.7394 | $1.12B |
| 2029 | $1.79B | extrapolated at 18.8% | 0.6686 | $1.2B |
| 2030 | $2.04B | extrapolated at 13.8% | 0.6046 | $1.23B |
| 2031 | $2.25B | extrapolated at 10.4% | 0.5467 | $1.23B |
| 2032 | $2.43B | extrapolated at 8.0% | 0.4944 | $1.2B |
| 2033 | $2.58B | extrapolated at 6.3% | 0.4470 | $1.16B |
| 2034 | $2.72B | extrapolated at 5.1% | 0.4042 | $1.1B |
| 2035 | $2.83B | extrapolated at 4.3% | 0.3655 | $1.03B |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $11.05B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (10.6% − 2.3%) | $34.98B |
| Present value of terminal value (× 0.3655) | $12.79B |
| Equity value (sum plus present value of terminal value) | $23.84B |
| Shares (diluted) | 1.36B |
| Value per share (equity value divided by shares) | $17.55 |
| Earnings per share, last twelve months | $0.03 |
| × 31.8 (industry P/E) | $0.83 |
| Fair value (average of both parts) | $9.19 |
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 Weak, published since 7 Nov 2026 (in the score history since 10 Jul 2026)
- 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.