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Data-driven stock valuation

Navinfo Co Ltd (002405) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Navinfo Co Ltd stock ¥0.96, price ¥6.13, that is 84.3% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.

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Technology CN · ISIN CNE100000P69

NC Navinfo Co Ltd logo Thin data Nov 3, 2026

Navinfo Co Ltd

002405 · SHE
Very expensive, in a downtrend

Our calculation puts a fair price 84% below what the stock costs today.

Low debt
Revenue last quarter +34% vs. a year ago.
Quality 52/100
Expensive Growth (revenue 5y +13.9 %/yr in CNY)
Loss over the last twelve months · -0.1% net margin (TTM) · fiscal year 2025 2.5%
Fair value ¥0.9600 · Strongly overvalued (−84.3%)
Negative free cash flow
Trails peers (3/12)
Narrow moat 23/100
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥17.99 ¥5.64 Fair Value ¥0.9600 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range ¥5.64 – ¥17.99 · fair‑value band ¥0.7200 – ¥1.20 · the ¥6.13 price screens above the ¥0.9600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

SeeWay.ai Co., Ltd., together with its subsidiaries, provides full-stack automotive intelligence solutions in China.

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It offers software-hardware integrated solutions for multiple levels and complex driving scenarios; intelligent cockpit software product, such as smart assistant, LBS, driving safety, audio and video entertainment, smartphone-vehicle connectivity, and ecological service; Intelligent cockpit hardware terminal product, including IVI, intelligent navigation, AVM panorama, cloud recorder, stream media, and in-vehicle HUD series; and user system, user mall and entertainment value-added services.

The company also provides intelligent cockpit for commercial vehicles comprising intelligent connected devices, connected vehicle service platform, map service for commercial vehicle, and APP operation services; intelligent charging, smart mobility, and operation marketing services; and navigation for shared autonomy, data compliance and closed-loop, dynamic traffic, and high-precision positioning services.

In addition, it offers e-cockpit, IVI, telematics, and DA and high-end LCD instrument SoC products; MCU products consisting of AC7840x, AC781x, AC7801x, and AC7802x; multi-scenario digital twin solutions; and MineData for data processing, LBS, and rendering engine developed in-house, open APIs, and SDKs for further development.

The company was formerly known as NavInfo Co., Ltd. and change its name to SeeWay.ai Co., Ltd. in December 2025. SeeWay.ai Co., Ltd. was founded in 2002 and is headquartered in Beijing, China.

Stock analysis

Navinfo Co Ltd (002405) currently trades at ¥6.13, while our model-based Fair Value estimate is ¥0.9600, 84% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of ¥4.21 per share, and 1 of the 12 models we run sit above the ¥6.13 price.

Bear case: the Earnings-Based group reads lowest at ¥0.5600, and 11 of the 12 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥0.7200 (bear) to ¥1.20 (bull), the price of ¥6.13 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 52/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Navinfo Co Ltd reported revenue of 4.1B CNY in FY2025 versus 3.1B CNY in FY2021, a compound +7.7%/yr. Reported net income was 104M CNY in FY2025, compounding −4.0%/yr from FY2021.

Key figures

Market cap 14.5B CNY (≈ $2.2B) Mid · P/S ratio 3.14 · EPS (TTM) ¥−0.0300 · Dividend yield 0.1% · Net margin −0.1% · Return on equity −0.5% · Return on assets (EBIT) −7.0% (5-year average) · Operating margin −22.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).

What moves the price

The share trades about 45% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −84%, 002405 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥0.0600 to ¥8.20). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥0.7200 Fair Value ¥0.9600 Bull ¥1.20
Price ¥6.13 · Downside -84.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income ¥2.30 ¥2.37 ¥2.57 76
Owner Earnings ¥2.51 ¥4.21 ¥7.21 73
Gordon GGM ¥0.0400 ¥0.0800 ¥0.1200 67
All 12 models by family
DCF Models
Owner Earnings ¥2.51 ¥4.21 ¥7.21 73
Earnings-Based
Graham-Dodd ¥0.3000 ¥1.46 ¥2.01 64
Lynch FV ¥0.3900 ¥0.5600 ¥0.7300 61
PEG = 1.0 ¥0.3900 ¥0.5600 ¥0.7300 57
Dividend Discount
Gordon GGM ¥0.0400 ¥0.0800 ¥0.1200 67
DDM Multi-Stage ¥0.0400 ¥0.0600 ¥0.0800 67
Multiples
P/E Multiple ¥0.7200 ¥0.9600 ¥1.20 63
P/S Multiple ¥0.5600 ¥0.7400 ¥0.9300 57
P/B Multiple ¥6.15 ¥8.20 ¥10.25 55
Asset-Based
NCAV (Graham) ¥0.9600 ¥1.45 ¥1.81 54
Economic Profit
Residual Income ¥2.30 ¥2.37 ¥2.57 76
Growth Earnings
Growth-Adj P/E ¥0.6200 ¥0.8900 ¥1.15 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 19
How much profit the company makes from its sales and capital
Quality Growth 69
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 86
Debt, balance sheet and risk of trouble
Investment 91
Does it invest with discipline instead of growing at any price?
Low Volatility 75
How calm the share price moves, does not count
Price momentum 12
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 68
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+17.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.9%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.8%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−17.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.5%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−17.5% vs −6.2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−16% → −29%
Pace: the 5-year rate starts in 2020 (pandemic)

002405 screens overvalued: fair value 84% below the price. Compare with SAP SE →

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Peer Groupⓘ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.Software - Application · 630 stocks

Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside −84.3% · Bottom 25%
Profitability
Return on assets 1.3% · Below median
Net margin (12 months) −0.1% · Below median
Operating margin (12 months) −22.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 33.6% · Top 25%
Dividend yield (12 months) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 1.62× · Cheaper than median
P/S (12 months) 4.57× · Pricier than median
PEG 2.55× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 29
FUTURE (revenue growth)100 · sector 40
PAST (return on equity)0 · sector 20
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)2 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $239.30 $463.72 +94% vs 002405
Salesforce, Inc CRM $213.65 $342.73 +60% vs 002405
Uber Technologies, Inc UBER $68.59 $101.28 +48% vs 002405
Intuit Inc INTU $341.50 $459.14 +34% vs 002405
ServiceNow, Inc NOW $101.97 $112.60 +10% vs 002405
SAP SE SAP €210.75 €173.59 −18% vs 002405
Cadence Design Systems, Inc CDNS $319.92 $225.48 −30% vs 002405
Automatic Data Processing, Inc ADP $303.35 $150.40 −50% vs 002405
Shopify Inc SHOP $148.91 $64.96 −56% vs 002405
Snowflake Inc SNOW $275.88 $73.81 −73% vs 002405

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Navinfo Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Navinfo Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002405

Frequently asked questions

Is Navinfo Co Ltd (002405) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥0.9600 versus a price of ¥6.13, about 84% lower (overvalued).
What is the fair value of 002405?
Our model-based fair value for Navinfo Co Ltd is ¥0.9600 (as of Nov 3, 2026), built from audited fundamentals. The current price: ¥6.13.
What is the quality score of 002405?
Navinfo Co Ltd has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Navinfo Co Ltd (002405)?
Our model-based price target is the fair value of ¥0.9600 (as of Nov 3, 2026) from 12 valuation models. Cautious scenario ¥0.7200, optimistic scenario ¥1.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Navinfo Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.9600, about 84% lower versus a price of ¥6.13 (overvalued). Cautious scenario ¥0.7200, optimistic scenario ¥1.20. The calculation is refreshed regularly with new filings.
What is the revenue of Navinfo Co Ltd (002405)?
Navinfo Co Ltd reported trailing-twelve-month revenue of about 4.4B CNY (latest available figure, as of Nov 3, 2026).
Does Navinfo Co Ltd pay a dividend?
Navinfo Co Ltd currently shows a dividend yield of 0.10% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Navinfo Co Ltd (002405)?
Navinfo Co Ltd has a dividend yield of 0.1%.
What is the intrinsic value of Navinfo Co Ltd (002405)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Navinfo Co Ltd it is ¥0.9600 per share (as of Nov 3, 2026), against a price of ¥6.13. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Navinfo Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 002405 trades above its calculated fair value: price ¥6.13, fair value ¥0.9600, a gap of about −84% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002405?
No. The price is what the market pays today (¥6.13); the fair value is what the company's own numbers justify (¥0.9600). For Navinfo Co Ltd the two are ¥5.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is Navinfo Co Ltd worth?
The market values Navinfo Co Ltd at about 14.5B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥6.13; our models calculate a fair value of ¥0.9600 per share.
What do the bullish and bearish scenarios say about 002405?
Our models span a range for Navinfo Co Ltd: cautious scenario ¥0.7200, base ¥0.9600, optimistic ¥1.20 per share (as of Nov 3, 2026, price ¥6.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 002405?
The PEG ratio of Navinfo Co Ltd is 2.55 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Navinfo Co Ltd (002405)?
Balance-sheet figures for Navinfo Co Ltd (as of Nov 3, 2026): return on equity −0.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 002405 from its 52-week high?
Navinfo Co Ltd trades at ¥6.13, about 45% below its 52-week high of ¥11.24 and 4% above the low of ¥5.87 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.9600 is for.
Which stocks are comparable to Navinfo Co Ltd?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Navinfo Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price ¥6.13, calculated fair value ¥0.9600 (−84%), Quality Score 52/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002405 calculated?
We run Navinfo Co Ltd through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥0.9600 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Navinfo Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Navinfo Co Ltd (002405)?
The closing price on Nov 6, 2026 was ¥6.13. Our model-based fair value is ¥0.9600, about 84% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Navinfo Co Ltd right now?
The price sits above even our optimistic bull case (¥1.20). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Navinfo Co Ltd

How large is the market capitalisation of Navinfo Co Ltd (002405)?
The market capitalisation of Navinfo Co Ltd is 14.5B CNY (≈ $2.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Navinfo Co Ltd (002405)?
The price-to-sales ratio of Navinfo Co Ltd is 3.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Navinfo Co Ltd (002405)?
Earnings per share at Navinfo Co Ltd are ¥−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Navinfo Co Ltd (002405)?
The dividend yield of Navinfo Co Ltd is 0.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Navinfo Co Ltd (002405)?
The net margin of Navinfo Co Ltd is −0.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Navinfo Co Ltd (002405)?
The return on equity (ROE) of Navinfo Co Ltd is −0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Navinfo Co Ltd (002405)?
On an EBIT basis the return on assets of Navinfo Co Ltd is −7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Navinfo Co Ltd (002405)?
The operating margin of Navinfo Co Ltd is −22.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Navinfo Co Ltd (002405)?
Revenue at Navinfo Co Ltd is growing +33.6% versus a year earlier (3y avg +7.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Navinfo Co Ltd (002405)?
Earnings per share at Navinfo Co Ltd are growing +24.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Navinfo Co Ltd (002405) generate?
The free cash flow of Navinfo Co Ltd is −513M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Navinfo Co Ltd (002405) hold?
Navinfo Co Ltd holds more cash than debt, 1.9B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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