Montnets Cloud Technology Group (002123) Fair Value & Analysis
Technology · CN · Market cap 6.1B CNY
Fair value as of: Jul 22, 2026
From 9 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥8.75 to ¥2.58 (−70.5%) since Jun 25, 2026. Share price +3.3% over the past month.
A solid business, but screening 69% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥3.38). The favourable scenario is already priced in.
- Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥1.78 to ¥3.38) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range ¥5.56 – ¥23.83 · fair‑value band ¥1.78 – ¥3.38 · the ¥8.41 price screens above the ¥2.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Montnets Cloud Technology Group (002123) currently trades at ¥8.41, while our model-based Fair Value estimate is ¥2.58, implying the stock looks roughly 69.3% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Montnets Cloud Technology Group generated revenue of 2.4B CNY at a net margin of -10.8%. Revenue declined 22.1% year over year. It earns a return on equity of -14.4%. Net debt stands at 75.1M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥1.78 (bear case) to ¥3.38 (bull case); at ¥8.41, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 52% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -69%, 002123 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 9 models by family
Widest divergence: DCF Models (¥4.45) versus Dividend Discount (¥0.5300). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 26
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Montnets Cloud Technology Group Co., Ltd. engages in the mobile communication business in China and internationally. It offers IM Cloud, an integrated communication platform that achieves instant message communication for enterprises by utilizing text, pictures, audio, and video based on internet and service provider networks.
Full company description
Montnets Cloud Technology Group Co., Ltd. engages in the mobile communication business in China and internationally. It offers IM Cloud, an integrated communication platform that achieves instant message communication for enterprises by utilizing text, pictures, audio, and video based on internet and service provider networks. Terminal Cloud gathers all-terminal manufacturers and provides an all-scenario ability to offer B2C services and a marketing portal based on the 5G network and mobile terminals, with B2C content subscription, business socializing, SMS enhancement, and fast application solutions. The company also provides MVaaS, which offers users real-time audio and video technologies and an online video distribution platform that empowers industries and enhances the innovation and productivity of traditional industries with innovative communication modes. Additionally, it offers IoT Cloud, an intelligent public cloud dedicated to IoT communication and a rich media IoT communication platform with things as terminals, helping enterprise systems, devices, and clients form stronger connection abilities and create an Internet of Everything. The company was formerly known as Montnets Rongxin Technology Group Co., Ltd. and changed its name to Montnets Cloud Technology Group Co., Ltd. in November 2020. Montnets Cloud Technology Group Co., Ltd. was founded in 1998 and is based in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Montnets Cloud Technology Group reported revenue of ¥2.6B in FY2025 versus ¥3.2B in FY2021, a compound −4.8%/yr. Reported net income was −¥217M in FY2025.
002123 screens 69% overvalued. Compare with SAP SE →
Peer Group
Software - Application · 709 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Software - Application median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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