Shengyi Electronics stock: fair value
688183.SSThe fair value of Shengyi Electronics under our model is $8.12, the price is 30% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $5.41 and expensive above $16.24 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $5.46 (cash-flow model) and $10.79 (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 $7.73, at 8.1% it would be $8.65.
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 1.31 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 $5.46 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 | $155.83M | extrapolated at 43.0% | 0.9170 | $142.89M |
| 2027 | $203.8M | extrapolated at 30.8% | 0.8408 | $171.36M |
| 2028 | $249.14M | extrapolated at 22.3% | 0.7710 | $192.09M |
| 2029 | $289.66M | extrapolated at 16.3% | 0.7070 | $204.79M |
| 2030 | $324.65M | extrapolated at 12.1% | 0.6483 | $210.46M |
| 2031 | $354.35M | extrapolated at 9.2% | 0.5945 | $210.64M |
| 2032 | $379.49M | extrapolated at 7.1% | 0.5451 | $206.86M |
| 2033 | $400.97M | extrapolated at 5.7% | 0.4998 | $200.42M |
| 2034 | $419.64M | extrapolated at 4.7% | 0.4583 | $192.33M |
| 2035 | $436.22M | extrapolated at 4.0% | 0.4203 | $183.33M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.92B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (9.1% − 2.3%) | $6.62B |
| Present value of terminal value (× 0.4203) | $2.78B |
| Equity value (sum plus present value of terminal value) | $4.7B |
| Shares (diluted) | 860.26M |
| Value per share (equity value divided by shares) | $5.46 |
| Earnings per share, last twelve months | $0.34 |
| × 31.5 (industry P/E) | $10.79 |
| Fair value (average of both parts) | $8.12 |
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 27 Jun 2025)
- 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.