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World's largest visual-AI SoC supplier by shipments, designing chips for security cameras, video intercoms and smart vehicles.
World's largest visual-AI SoC supplier by shipments, designing chips for security cameras, video intercoms and smart vehicles.
Designs chips and pays foundries to make them, selling to camera and intercom makers, so revenue follows camera shipments and the chip content per camera. Its roots in MStar, a Taiwanese chip company later merged into MediaTek, supplied the design base.
In one line: China's Ambarella - fabless vision-AI chip designer.
Moat: narrow (scale, IP / patents, installed base). Largest shipment share (~27%) in visual-AI SoCs, built on former MStar/MediaTek IP, but fabless and contested by peers.
Headquarters: Xiamen, China · Founded: 2017 · Employees: 911
Size Sigmastar Technology (301536.SZ) is a China Information Technology company (Semiconductors) with a market value of $5.41B, the 462nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥85.44 on 6 Nov 2026.
Performance Over six months the shares gained 3.6%, against -25.5% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 98.8% over the last twelve months (peer median +26.0%); the operating margin is 30.9% (peer median 17.5%).
Valuation It trades at 6.7× enterprise value to sales against a peer median of 5.7× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 19.4 points above its cost of capital (10.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.38B | CN¥2.97B | CN¥2.35B | CN¥2.02B | CN¥2.36B |
| Revenue growth | — | +26% | +16% | -15% | — |
| Gross profit | CN¥2.94B | CN¥866M | CN¥699M | CN¥618M | CN¥870M |
| EBITDA | n/a | CN¥356M | CN¥252M | CN¥216M | CN¥449M |
| Net income | CN¥1.67B | CN¥308M | CN¥256M | CN¥205M | CN¥564M |
| Free cash flow | CN¥392M | CN¥446M | CN¥243M | CN¥229M | CN¥471M |
| Capital expenditure | CN¥220M | CN¥91.9M | CN¥199M | CN¥210M | CN¥108M |
| Total debt | CN¥2.09B | CN¥1.24B | CN¥917M | CN¥914M | CN¥249M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Sigmastar Technology 301536.SZ | $5.41B | +4% | +99% | 31% | 6.7× | 19.6% |
| Shanghai Fullhan Microelectronics 300613.SZ | $2.35B | +14% | +91% | 26% | 4.8× | n/a |
| Ambarella AMBA | $2.58B | -23% | +20% | -15% | 5.6× | n/a |
| Novatek Microelectronics 3034.TW | $9.16B | +18% | +2% | 20% | 2.5× | -4.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 301536.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.6% | -15.1% | 7th lowest of 21 |
| 6-month return | +3.6% | -25.5% | 4th highest of 20 |
| Distance from 52-week high | -41.7% | -51.9% | 7th highest of 21 |
| Revenue growth (TTM) | +98.8% | +26.0% | 3rd highest of 21 |
| Operating margin | 30.9% | 17.5% | 4th highest of 21 |
| EV / Sales | 6.7× | 5.7× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 19.6% | 28.8% | 5th least demanding of 12 |
| Growth delivered (Del g) | +20.0% | +16.5% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | -0.4 pp | +10.7 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +19.4 pp | +0.6 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sigmastar Technology 301536.SZ | China | $5.41B | +4% | +99% | 31% | 6.7× | 19.6% | +20.0% |
| GalaxyCore 688728.SS | China | $5.41B | +1% | +16% | 3% | 5.2× | 28.8% | +3.8% |
| Hubei Feilihua Quartz Glass 300395.SZ | China | $5.35B | -38% | +50% | 24% | 13.3× | n/a | n/a |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | United States | $5.52B | -36% | +104% | 21% | 3.2× | n/a | n/a |
| Impinj PI | United States | $5.28B | +12% | +8% | -1% | 13.9× | 47.2% | +21.1% |
| Allegro MicroSystems ALGM | United States | $5.25B | -42% | +28% | 9% | 5.3× | 45.3% | +8.5% |
| Espressif Systems (Shanghai) 688018.SS | China | $5.61B | +30% | +23% | 19% | 11.7× | 36.0% | +25.3% |
| Win Semiconductors 3105.TWO | Taiwan | $5.19B | -27% | +24% | 11% | 9.3× | 48.8% | -8.2% |
| TCL Zhonghuan Renewable Energy Technology 002129.SZ | China | $5.68B | +9% | +13% | -27% | 3.6× | n/a | n/a |
| Cirrus Logic CRUS | United States | $5.69B | -34% | +6% | 23% | 2.4× | 1.5% | +7.8% |
| Dosilicon 688110.SS | China | $5.13B | -7% | +375% | 54% | 8.9× | 23.6% | +3.3% |
| Henan Shijia Photons Technology 688313.SS | China | $5.72B | -36% | +73% | 22% | 11.8× | n/a | n/a |
| SG Micro 3661.HK | Hong Kong | $5.78B | n/a | +54% | 17% | 6.1× | 3.4% | +25.8% |
| EverProX Technologies 300548.SZ | China | $5.04B | -59% | +64% | 35% | 8.8× | 30.9% | +26.6% |
| Zhejiang Quartz Crystal Optoelectronic Technology 002273.SZ | China | $5.03B | -28% | +19% | 18% | 4.2× | 16.9% | +16.5% |
| Amlogic (Shanghai) 688099.SS | China | $5.84B | -13% | +39% | 17% | 4.2× | n/a | n/a |
| Beijing YanDong MicroElectronic 688172.SS | China | $5.86B | -26% | +22% | -89% | 24.2× | n/a | n/a |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 3.2× | n/a | n/a |
| MaxOne Semiconductor (Suzhou) 688809.SS | China | $4.90B | +2% | +57% | 39% | 21.7× | n/a | n/a |
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 4.4× | 18.1% | +22.3% |
| CSI Solar 688472.SS | China | $4.87B | -37% | -36% | -2% | 1.6× | n/a | n/a |