Close
¥57.57
+0.03% Thursday
Session range ¥56.05–¥58.43
CXMT Shares Surge 565% Since July IPO; Analysts Expect Only 10% Further Upside Amid Valuation Concerns
HEFEI, August 21, 2026, 03:45 CST — CXMT Corporation shares have soared 565% since their July IPO, but the five analysts tracking China's leading DRAM firm now project just 10% average upside following Thursday’s close.
CXMT Corporation · SSE:688825
The profit surge is priced in.
A 565% post-IPO gain leaves only 10% upside to the average analyst target.
Shanghai closed
Price as of August 20, 2026, 15:00:02 CST
Price as of August 20, 2026, 15:00:02 CST
Since July IPO
+564.8%
Offer price ¥8.66. The market now values CXMT at 66.5 times its base IPO proceeds.
Market value
¥3.85tn
36.2× trailing sales · 136.6× trailing earnings
Five-session close
The share price has fallen 6.8% from Monday's ¥61.80 peak.
Trading temperature
296.4m
Thursday volume versus 428.7m average
Volume / average69.2%
52-week range¥38.11–¥61.80
Below record high-6.8%
Valuation depends on the earnings lens
Trailing P/E136.6×
Trailing price / sales36.2×
Q1 profit annualized38.9×
Preliminary H1 midpoint annualized36.0×
Fast profit growth compresses the apparent multiple. It also raises cycle risk if DRAM pricing cools.
Analyst map · 5 analysts
Buy3
Hold1
Sell1
¥63.36
Average target · +10.1%
Low ¥16.10High ¥116.00
Investor watchlist
DRAM pricingStrong pricing supports the profit run-rate. New capacity can reverse it quickly.
Technology gapAdvanced HBM remains the key gap versus Samsung, SK hynix and Micron.
IPO lockupsA short trading history and a narrow analyst base can keep volatility high.
Sources: Google Finance, Reuters, CXMT prospectus data summarized by Global IPO Analysis, Investing.com and Counterpoint Research figures reported by Forbes. Market data timestamp: August 20, 2026, 15:00:02 China Standard Time (UTC+8). Preliminary H1 figures and annualized multiples are illustrative, not company guidance.
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