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Net263 Ltd (002467) fair value: what the stock is really worth

As of Sep 22, 2026: fair value of Net263 Ltd ¥0.54, price ¥5.09, upside -89.4%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Communication Services · CN · ISIN CNE100000T81

NL Thin data Sep 24, 2026

Net263 Ltd

002467 · SHE

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥0.5400 · Strongly overvalued (−89%)
!Quality 46/100
!Weak Growth (revenue 5y −3.8 %/yr)
!Loss-making · -38.3% net margin (TTM)
!negative free cash flow
!Trails peers (2/11)
!Narrow moat 18/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 4 out of 100
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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

¥8.88 ¥2.82 Fair Value ¥0.5400 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range ¥2.82 – ¥8.88 · fair‑value band ¥0.5200 – ¥0.5600 · the ¥5.09 price screens above the ¥0.5400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

NET263 Ltd. provides cloud services in China and internationally.

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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.

Stock analysis

Net263 Ltd (002467) currently trades at ¥5.09, while our model-based Fair Value estimate is ¥0.5400, implying the stock looks roughly 842.5% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ¥0.8900 per share, and 0 of the 8 models we run sit above the ¥5.09 price.

Bear case: the Dividend Discount group reads lowest at ¥0.1000, and 8 of the 8 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥0.5200 (bear) to ¥0.5600 (bull), the price of ¥5.09 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 46/100 (below-average quality), in the Communication Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Net263 Ltd reported revenue of 797M CNY in FY2025 versus 891M CNY in FY2021, a compound −2.8%/yr. Reported net income was −284M CNY in FY2025.

Key figures

Market cap 7.0B CNY (≈ $1.0B) · P/S ratio 9.00 · EPS (TTM) ¥−0.2300 · Dividend yield 0.2% · Net margin −35.7% · Return on equity −16.4% · Return on assets (EBIT) −1.2% · Operating margin 2.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 36% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at −89%, 002467 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥0.1000 to ¥1.23). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥0.5200 Fair Value ¥0.5400 Bull ¥0.5600
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
EPV ¥0.5300 ¥0.5500 ¥0.5700 70
ROIC Compounder ¥0.5300 ¥0.5500 ¥0.5700 70
Gordon GGM ¥0.0800 ¥0.1000 ¥0.1200 69
All 8 models by family
Earnings-Based
EPV ¥0.5300 ¥0.5500 ¥0.5700 70
Dividend Discount
Gordon GGM ¥0.0800 ¥0.1000 ¥0.1200 69
DDM Multi-Stage ¥0.0800 ¥0.1000 ¥0.1300 67
Multiples
EV/EBIT ¥0.7600 ¥0.8900 ¥1.02 63
EV/EBITDA ¥1.01 ¥1.23 ¥1.45 64
EV/Revenue ¥0.6600 ¥0.7900 ¥0.9200 52
Asset-Based
NCAV (Graham) ¥0.5800 ¥0.7700 ¥1.15 51
Economic Profit
ROIC Compounder ¥0.5300 ¥0.5500 ¥0.5700 70

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Quality Score breakdown

Overall quality 46/100

Of which business quality 48 · Market factors (momentum, volatility) 25

Profitability 10
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 81
Share count: buybacks or dilution?

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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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.1%
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.
−3.8%
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.
−3.8%
Start year 2020 (pandemic). Over 10 years: +1.1% a year
Revenue growth 20 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.
+3.5%
Profit margin (trend) ⓘ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.
−2.7% (2021) → 5.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

002467 screens 843% overvalued. Compare with China Mobile Limited →

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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.Telecom Services · 252 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 46 · Below median
Fair Value upside −89% · Bottom 25%
Profitability
Return on assets 1% · Bottom 25%
Net margin (TTM) −38% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Growth and dividend
Revenue growth 11% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiplesvs Telecom Services median · lower = cheaper

P/B 0.66× · Cheapest 25%
P/S (TTM) 1.28× · Pricier than median
EV/EBITDA 13.2× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 35
FUTURE (revenue growth)54 · sector 16
PAST (return on equity)0 · sector 29
HEALTH (low debt)0 · sector 83
DIVIDEND (yield)4 · sector 77

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 Telecom Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
China Mobile Limited 80941 HK$67.45 HK$114.85 +70%
T-Mobile US, Inc TMUS $162.41 $270.48 +67%
Verizon Communications Inc VZ $46.45 $69.92 +51%
AT&T Inc T $25.10 $50.40 +101%
Bharti Airtel Limited BHARTIARTL ₹1,833 ₹1,883 +3%
China Telecom Corporation 601728 ¥6.10 ¥8.36 +37%
América Móvil, S.A. AMX $22.29 $32.77 +47%
Saudi Telecom Company 7010 43.66 SAR 41.80 SAR −4%
Singapore Telecommunications Limited Z74 4.32 SGD 2.15 SGD −50%
Swisscom AG SCMN CHF 651.00 CHF 505.18 −22%

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Net263 Ltd · Fair Value
¥0.5400 −843%Fair Value
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Cite: Fair Value Calculator (2026). "Net263 Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002467

Frequently asked questions

Is Net263 Ltd (002467) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥0.5400 versus a price of ¥5.09, about −89% upside (overvalued).
What is the fair value of 002467?
Our model-based fair value for Net263 Ltd is ¥0.5400 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥5.09.
What is the quality score of 002467?
Net263 Ltd has a Quality Score of 46/100. 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 Net263 Ltd (002467)?
Our model-based price target is the fair value of ¥0.5400 (as of Sep 24, 2026) from 8 valuation models. Cautious scenario ¥0.5200, optimistic scenario ¥0.5600. It is a calculation from audited fundamentals, not an analyst target.
What is the Net263 Ltd stock forecast for 2026?
Our models put fair value at ¥0.5400, about −89% upside versus a price of ¥5.09 (overvalued). Cautious scenario ¥0.5200, optimistic scenario ¥0.5600. The calculation is refreshed regularly with new filings.
What is the revenue of Net263 Ltd (002467)?
Net263 Ltd reported trailing-twelve-month revenue of about 817M CNY (latest available figure, as of Sep 24, 2026).
Does Net263 Ltd pay a dividend?
Net263 Ltd currently shows a dividend yield of about 0.19% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Net263 Ltd (002467)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Net263 Ltd it is ¥0.5400 per share (as of Sep 24, 2026), against a price of ¥5.09. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Net263 Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 002467 trades above its calculated fair value: price ¥5.09, fair value ¥0.5400, a gap of about −89% (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 002467?
No. The price is what the market pays today (¥5.09); the fair value is what the company's own numbers justify (¥0.5400). For Net263 Ltd the two are ¥4.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Net263 Ltd worth?
The market values Net263 Ltd at about 7.0B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥5.09; our models calculate a fair value of ¥0.5400 per share.
What do the bullish and bearish scenarios say about 002467?
Our models span a range for Net263 Ltd: cautious scenario ¥0.5200, base ¥0.5400, optimistic ¥0.5600 per share (as of Sep 24, 2026, price ¥5.09). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Net263 Ltd (002467)?
Balance-sheet figures for Net263 Ltd (as of Sep 24, 2026): return on equity −16.4%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 002467 from its 52-week high?
Net263 Ltd trades at ¥5.09, about 36% below its 52-week high of ¥7.91 and 21% above the low of ¥4.19 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.5400 is for.
Which stocks are comparable to Net263 Ltd?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, Verizon Communications Inc, AT&T 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 Net263 Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥5.09, calculated fair value ¥0.5400 (−89%), Quality Score 46/100, from 8 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 002467 calculated?
We run Net263 Ltd through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.5400, 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 14.1 % above its aggregate fair value. Net263 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 Net263 Ltd (002467)?
The closing price on Sep 22, 2026 was ¥5.09. Our model-based fair value is ¥0.5400, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Net263 Ltd right now?
The price sits above even our optimistic bull case (¥0.5600). 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 (46/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (¥0.5200 to ¥0.5600), unusually little disagreement for a valuation.
Where does the earnings growth of Net263 Ltd (002467) come from?
Earnings per share at Net263 Ltd grew −10.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share +0.8 %, EBIT margin −9.2 %, tax rate −0.1 %, residual (interest, one-offs) −1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Net263 Ltd

How large is the market capitalisation of Net263 Ltd (002467)?
The market capitalisation of Net263 Ltd is 7.0B CNY (≈ $1.0B). 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 Net263 Ltd (002467)?
The price-to-sales ratio of Net263 Ltd is 9.00 (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 Net263 Ltd (002467)?
Earnings per share at Net263 Ltd are ¥−0.2300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Net263 Ltd (002467)?
The dividend yield of Net263 Ltd is 0.2%. 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 Net263 Ltd (002467)?
The net margin of Net263 Ltd is −35.7% (fiscal year 2025). 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 Net263 Ltd (002467)?
The return on equity (ROE) of Net263 Ltd is −16.4% (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 Net263 Ltd (002467)?
On an EBIT basis the return on assets of Net263 Ltd is −1.2% (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 Net263 Ltd (002467)?
The operating margin of Net263 Ltd is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Net263 Ltd (002467)?
Revenue at Net263 Ltd is growing +10.7% versus a year earlier (3y avg −3.8%). 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 Net263 Ltd (002467)?
Earnings per share at Net263 Ltd are growing +182% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Net263 Ltd (002467) generate?
The free cash flow of Net263 Ltd is −296M 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 Net263 Ltd (002467) hold?
Net263 Ltd holds more cash than debt, 559M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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