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NAURA Technology Group (002371) Fair Value & Analysis

Technology · CN · Market cap 562B CNY

NT NAURA Technology Group 002371 · SHE
Price¥742.50
Fair Value¥151.43
Upside-79.6%
Quality60/100
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Expensive Growth
Solidly profitable · 13.5% net margin
Low debt · negative free cash flow
0.10% dividend yield
Mixed vs. peers (6/13)
Moderate moat 57/100
Evidence: Medium Range ¥91.07 – ¥211.35 Share as image

Fair value as of: Jul 14, 2026

From 17 valuation models · updated 24 days ago

Fair value updated Jul 14, 2026, revised from ¥152.37 to ¥151.43 (−0.6%) since Jun 25, 2026. Share price −7.9% over the past month.

A solid business, but screening 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥211.35). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥91.07 to ¥211.35) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥934.51 ¥98.50 Fair Value ¥151.43 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range ¥98.50 – ¥934.51 · fair‑value band ¥91.07 – ¥211.35 · the ¥742.50 price screens above the ¥151.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

NAURA Technology Group (002371) currently trades at ¥742.50, while our model-based Fair Value estimate is ¥151.43, implying the stock looks roughly 79.6% overvalued today. We read business quality at 60/100 (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, NAURA Technology Group generated revenue of 41.5B CNY at a net margin of 13.5%. Revenue grew 25.8% year over year. It earns a return on equity of 13.6%. The balance sheet holds a net cash position of 8.2B CNY. Fundamentals as of Jul 14, 2026

Our scenario range runs from ¥91.07 (bear case) to ¥211.35 (bull case); at ¥742.50, 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 near its 52-week high and 151% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -80%, 002371 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥52.94 ¥72.48 ¥254.23 76
ROIC Compounder ¥112.31 ¥169.32 ¥214.17 72
Gordon GGM ¥11.37 ¥24.83 ¥41.77 70
All 17 models by family
DCF Models
Owner Earnings ¥114.85 ¥261.03 ¥581.62 31
Earnings-Based
Graham-Dodd ¥51.74 ¥360.85 ¥506.40 54
Lynch FV ¥181.95 ¥259.93 ¥337.91 50
PEG = 1.0 ¥181.95 ¥259.93 ¥337.91 46
EPV ¥82.03 ¥95.44 ¥107.37 59
Dividend Discount
Gordon GGM ¥11.37 ¥24.83 ¥41.77 70
DDM Multi-Stage ¥11.37 ¥20.34 ¥25.87 61
Multiples
P/E Multiple ¥114.14 ¥152.19 ¥190.23 63
P/S Multiple ¥97.02 ¥129.36 ¥161.70 58
P/B Multiple ¥97.02 ¥129.36 ¥161.70 55
EV/EBIT ¥123.83 ¥163.11 ¥202.38 53
EV/EBITDA ¥111.07 ¥146.09 ¥181.11 54
EV/Revenue ¥85.43 ¥119.47 ¥153.51 43
Asset-Based
NCAV (Graham) ¥25.99 ¥34.83 ¥51.99 50
Economic Profit
Residual Income ¥52.94 ¥72.48 ¥254.23 76
ROIC Compounder ¥112.31 ¥169.32 ¥214.17 72
Growth Earnings
Growth-Adj P/E ¥235.48 ¥336.40 ¥437.33 68

Widest divergence: Growth Earnings (¥336.40) versus Dividend Discount (¥20.34). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 41.5B CNY
Revenue growth (YoY) +25.8%
Net margin 13.5%
Return on equity 13.6%
Free cash flow −128M CNY FY2025
P/E ratio 100.3
More key figures
Operating margin 18.2%
EPS (TTM) ¥7.72
Dividend yield 0.1%
EPS growth (YoY) +2.8%
Net cash 8.2B CNY FY2024

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 49 · Market factors (momentum, volatility) 83

Profitability 45
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

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

NAURA Technology Group Co., Ltd. engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China. It operates through Semiconductor Equipment, Vacuum New Energy Equipment, and Precision Component segments.

Full company description

NAURA Technology Group Co., Ltd. engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China. It operates through Semiconductor Equipment, Vacuum New Energy Equipment, and Precision Component segments. The company offers semiconductor process equipment including etching, thin film deposition, thermal processing, wet cleaning, ion implantation, coating and developing, and bonding which are used in the manufacturing of integrated circuits, power semiconductors, 3D integration and advanced packaging, compound semiconductors, and new displays. It also provides vacuum new energy equipment, which includes crystal growth, vacuum heat treatment, atmosphere-protected heat treatment, continuous heat treatment, plasma-enhanced chemical vapor deposition, diffusion oxidation annealing, magnetron sputtering coating, low-pressure chemical vapor deposition, multi-arc ion plating, and metal bipolar plate coating equipment that are used in material heat treatment, vacuum electronics, semiconductor materials, magnetic materials, and new energy fields. In addition, the company offers precision components including precision resistors, new capacitors, ultra-high voltage ceramic capacitors, quartz crystal devices, quartz microelectromechanical sensors, analog chips, modular power supplies, microwave components, inductors and transformers, and high-performance magnetic materials which are used in power electronics, rail transportation, smart grids, precision instruments, and automatic control applications. The company was formerly known as Beijing Sevenstar Electronics Co., Ltd. and changed its name to NAURA Technology Group Co., Ltd. in February 2017. NAURA Technology Group Co., Ltd. was founded in 2001 and is headquartered in Beijing, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NAURA Technology Group reported revenue of ¥39.4B in FY2025 versus ¥9.7B in FY2021, a compound +42.0%/yr. Reported net income was ¥5.5B in FY2025, compounding +50.5%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
39.4B CNY
Latest YoY
+31.9%
Avg. growth/yr (3Y)
+38.9%
Avg. growth/yr (5Y)
+45.4%
Avg. growth/yr (20Y)
+25.6%
Revenue +42.0%/yr
FY21 ¥9.7B
FY22 ¥14.7B
FY23 ¥22.1B
FY24 ¥29.8B
FY25 ¥39.4B
Net income +50.5%/yr
FY21 ¥1.1B
FY22 ¥2.4B
FY23 ¥3.9B
FY24 ¥5.6B
FY25 ¥5.5B

002371 screens 80% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "NAURA Technology Group Fair Value". https://www.fairvalue-calculator.com/stock/002371

Peer Group

Semiconductor Equipment & Materials · 208 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.

Quality Score 60 · Above median
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 13% · Above median
Operating margin (TTM) 18% · Above median
Revenue growth 26% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 100.3× · Pricier than 75% of peers
P/B 14.89× · Pricier than 75% of peers
P/S (TTM) 13.55× · Pricier than 75% of peers
EV/EBITDA 75.7× · Pricier than 75% of peers

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 · sector 0
FUTURE 100 · sector 58
PAST 54 · sector 30
HEALTH 83 · sector 96
DIVIDEND 2 · sector 17

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%
HANMI Semiconductor Co 042700 222,000 KRW 38,794 KRW -83%

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Frequently asked questions

Is NAURA Technology Group (002371) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of ¥151.43 versus a price of ¥742.50, about −80% (overvalued).
What is the fair value of 002371?
Our model-based fair value for NAURA Technology Group is ¥151.43 (as of Jul 14, 2026), built from audited fundamentals. The current price is ¥742.50.
What is the quality score of 002371?
NAURA Technology Group has a Quality Score of 60/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of NAURA Technology Group (002371)?
NAURA Technology Group reported trailing-twelve-month revenue of about 41.5B CNY (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 002371?
The net profit margin of NAURA Technology Group is about 13.5%, meaning it keeps roughly 13.5% of revenue as net income. Based on the latest reported figures.
Does NAURA Technology Group pay a dividend?
NAURA Technology Group currently shows a dividend yield of about 0.12% relative to its recent price (as of Jul 14, 2026).

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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