TacticScaleWhat Xiamen Faratronic (法拉电子) Does & How It Makes Money (600563.SS)
Updated October 2026 · reflects Xiamen Faratronic's latest reported financials
Chinese maker of film capacitors and metallized films. The company earns revenue by manufacturing and selling film capacitors and metallized film materials to electronics and equipment makers in China and overseas.
How Xiamen Faratronic makes money
The company earns revenue by manufacturing and selling film capacitors and metallized film materials to electronics and equipment makers in China and overseas.
What Xiamen Faratronic does
Xiamen Faratronic Co., Ltd. is a Chinese manufacturer of film capacitors and the metallized coating materials used to make them. Founded in 1955 and based in Xiamen, it sells in China and internationally. Its range covers capacitors for circuit boards (SMD, polyethylene naphthalate, polyester, polypropylene, interference suppression, precision and capacitive divider types) as well as capacitors for power electronics, AC motors and lamps. The company also makes metallized polyester and polypropylene films, the core material inside film capacitors, so it produces both a key input and the finished components. This places it in the passive electronic components supply chain, serving makers of electronics, power equipment and motors.
Products & services
- Film capacitors for PCB applications (SMD, polyester, polypropylene, PEN)
- Film capacitors for power electronics
- AC motor capacitors
- Interference suppression capacitors
- Capacitors for lamps
- Metallized polyester and polypropylene films
法拉电子是做什么的？
厦门法拉电子股份有限公司成立于1955年，总部位于福建厦门，主要生产和销售薄膜电容器及金属化镀膜材料，产品销往中国及海外。产品包括用于电路板的片式、聚萘二甲酸乙二醇酯、聚酯、聚丙烯、抗干扰、精密及电容分压类交流电容器，以及电力电子用电容器、交流电机电容器和灯具用电容器。 公司还生产金属化聚酯膜和聚丙烯膜，这是薄膜电容器的核心材料。公司既做关键原材料，也做成品电容器，是被动电子元器件产业链中的一家企业。
What is Xiamen Faratronic worth?
On an owner-earnings DCF, Xiamen Faratronic's most-likely value is about ¥76 versus a recent price near ¥109 (43% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥25) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ Capital-intensive — this business reinvests heavily, so free cash flow runs well below its earnings. Fair value here is built on free cash flow, which understates owner earnings for reinvestment-heavy companies — read it as conservative.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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