Topsec Technologies Group (002212) Fair Value & Analysis
Technology · CN · Market cap 7.5B CNY
Fair value as of: Jul 22, 2026
From 15 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥1.63 to ¥1.32 (−19.0%) since Jun 25, 2026. Share price +25.2% over the past month.
Below-average quality, and screening another 81% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.65). The favourable scenario is already priced in.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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 ¥4.06 – ¥22.89 · fair‑value band ¥0.9900 – ¥1.65 · the ¥6.80 price screens above the ¥1.32 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
Topsec Technologies Group (002212) currently trades at ¥6.80, while our model-based Fair Value estimate is ¥1.32, implying the stock looks roughly 80.6% overvalued today. The Quality Score stands at 49/100 (below-average 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, Topsec Technologies Group generated revenue of 2.5B CNY at a net margin of 1.7%. Revenue declined 32.9% year over year. It earns a return on equity of 0.4%. The balance sheet holds a net cash position of 588M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥0.9900 (bear case) to ¥1.65 (bull case); at ¥6.80, 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 50% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -81%, 002212 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 15 models by family
Widest divergence: Asset-Based (¥5.47) versus Dividend Discount (¥0.2400). Highest evidence: Residual Income (76).
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 50 · Market factors (momentum, volatility) 30
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
Topsec Technologies Group Inc., together with its subsidiaries, provides network security and intelligent cloud solutions for basic networks, industrial internet, internet of vehicles, and internet of things in China.
Full company description
Topsec Technologies Group Inc., together with its subsidiaries, provides network security and intelligent cloud solutions for basic networks, industrial internet, internet of vehicles, and internet of things in China. It is involved in technical development and consulting, software development and sales, network and information security software development, electronic product sales, and communication equipment sales, as well as the provision of computer systems and technical services. The company was formerly known as Nanyang Topsec Technologies Group Inc. and changed its name to Topsec Technologies Group Inc. in November 2020. Topsec Technologies Group Inc. was founded in 1985 and is headquartered in Shantou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Topsec Technologies Group reported revenue of ¥2.6B in FY2025 versus ¥3.4B in FY2021, a compound −6.4%/yr. Reported net income was ¥74.2M in FY2025, compounding −24.6%/yr from FY2021.
002212 screens 81% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 368 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 - Infrastructure 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 - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
Compare Topsec Technologies Group with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is Topsec Technologies Group (002212) overvalued or undervalued?
What is the fair value of 002212?
What is the quality score of 002212?
What is the revenue of Topsec Technologies Group (002212)?
What is the net profit margin of 002212?
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.
Track Topsec Technologies Group and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.