NET263 Ltd (002467) Fair Value & Analysis

Communication Services · CN · Market cap 7.4B CNY

Below-average quality, and screening another 88% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥0.6200). The favourable scenario is already priced in.
• Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
• The models converge in a tight band (¥0.5600 to ¥0.6200), unusually little disagreement for a valuation.

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 ¥2.82 – ¥8.88 · fair‑value band ¥0.5600 – ¥0.6200 · the ¥4.81 price screens above the ¥0.5900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

NET263 Ltd (002467) currently trades at ¥4.81, while our model-based Fair Value estimate is ¥0.5900, implying the stock looks roughly 87.7% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Communication Services 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, NET263 Ltd generated revenue of 817M CNY at a net margin of -38.3%. Revenue grew 10.7% year over year. It earns a return on equity of -16.4%. The balance sheet holds a net cash position of 559M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.5600 (bear case) to ¥0.6200 (bull case); at ¥4.81, 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -88%, 002467 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.

Widest divergence: Multiples (¥0.8900) versus Dividend Discount (¥0.1200). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

NET263 Ltd. provides cloud services in China and internationally. The company offers cloud network solutions, including virtual private network, data center, real-time audio and video transmission network, mobile network, international submarine cables, and 5G communication solutions; and cloud communication solutions, such as corporate live-streaming, …

Full company description

NET263 Ltd. provides cloud services in China and internationally. The company offers cloud network solutions, including virtual private network, data center, real-time audio and video transmission network, mobile network, international submarine cables, and 5G communication solutions; and cloud communication solutions, such as corporate live-streaming, enterprise email, video conferencing, teleconference, and call center solutions. It also provides virtual space construction, 3D virtual live broadcast, AI digital human design, and other services for various industries, as well as replacement, digital marketing, smart office and home, smart part building, digital cultural tourism, exhibitions, and medical finance, and AIGC application solutions. The company was founded in 1997 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NET263 Ltd reported revenue of ¥797M in FY2025 versus ¥891M in FY2021, a compound −2.8%/yr. Reported net income was −¥284M in FY2025.

002467 screens 88% overvalued. Compare with China Mobile Limited →

Peer Group

Telecom Services · 252 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 Telecom Services 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.

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Frequently asked questions

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.