Raytron Technology stock: fair value
688002.SSThe fair value of Raytron Technology under our model is $25.64, the price is 23% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $17.10 and expensive above $51.29 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $25.11 (cash-flow model) and $26.18 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9%. At 10% the fair value would be $23.80, at 8% it would be $28.15.
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 9.0% (government bond yield 2.3% plus beta 1.29 times a risk premium of 5.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $25.11 per share: free cash flow for the next ten years, each year discounted to today at 9.0%, 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 9.0%) |
|---|---|---|---|---|
| 2026 | $321.97M | extrapolated at 56.6% | 0.9178 | $295.51M |
| 2027 | $451.7M | extrapolated at 40.3% | 0.8424 | $380.5M |
| 2028 | $582.22M | extrapolated at 28.9% | 0.7731 | $450.14M |
| 2029 | $704.02M | extrapolated at 20.9% | 0.7096 | $499.57M |
| 2030 | $812M | extrapolated at 15.3% | 0.6513 | $528.84M |
| 2031 | $904.8M | extrapolated at 11.4% | 0.5978 | $540.85M |
| 2032 | $983.45M | extrapolated at 8.7% | 0.5486 | $539.55M |
| 2033 | $1.05B | extrapolated at 6.8% | 0.5035 | $528.77M |
| 2034 | $1.11B | extrapolated at 5.4% | 0.4622 | $511.7M |
| 2035 | $1.16B | extrapolated at 4.5% | 0.4242 | $490.78M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $4.77B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (9.0% − 2.3%) | $17.82B |
| Present value of terminal value (× 0.4242) | $7.56B |
| Equity value (sum plus present value of terminal value) | $12.32B |
| Shares (diluted) | 490.72M |
| Value per share (equity value divided by shares) | $25.11 |
| Earnings per share, last twelve months | $0.83 |
| × 31.5 (industry P/E) | $26.18 |
| Fair value (average of both parts) | $25.64 |
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, published since 7 Nov 2026 (in the score history since 12 Jun 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.