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Nuobikan Artificial (2635) Fair Value & Analysis

Technology · HK · Market cap HK$4.3B

NA Nuobikan Artificial 2635 · HK
PriceHK$11.60
Fair ValueHK$11.56
Upside-0.3%
Quality42/100
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Expensive Growth
Highly profitable · 23.7% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Wide moat 76/100
Evidence: High Range HK$8.67 – HK$14.46 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$11.55 to HK$11.56 (+0.1%) since Aug 6, 2026. Share price −5.4% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$8.67 (bear) to HK$14.46 (bull), base HK$11.56. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 42/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (8 months)

HK$68.50 HK$9.38 Fair Value HK$11.56 Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

8‑month range HK$9.38 – HK$68.50 · fair‑value band HK$8.67 – HK$14.46 · the HK$11.60 price screens above the HK$11.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

Nuobikan Artificial (2635) currently trades at HK$11.60, while our model-based Fair Value estimate is HK$11.56, implying the stock looks roughly 0.3% fairly valued today. The Quality Score stands at 42/100 (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: high).

Over the trailing twelve months, Nuobikan Artificial generated revenue of HK$498M at a net margin of 23.7%. Revenue grew 22.9% year over year. It earns a return on equity of 14.2%. Net debt stands at HK$5.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$8.67 (bear case) to HK$14.46 (bull case); at HK$11.60, the current price sits within 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. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 0%, 2635 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 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
Highest evidence
Residual Income HK$3.02 HK$3.49 HK$7.30 76
ROIC Compounder HK$5.25 HK$7.25 HK$8.56 72
Gordon GGM HK$0.1700 HK$0.3500 HK$0.5200 70
All 17 models by family
DCF Models
Owner Earnings HK$3.78 HK$6.85 HK$13.04 31
Earnings-Based
Graham-Dodd HK$2.63 HK$18.36 HK$25.77 54
Lynch FV HK$6.21 HK$8.87 HK$11.54 50
PEG = 1.0 HK$6.21 HK$8.87 HK$11.54 46
EPV HK$4.47 HK$4.98 HK$5.42 59
Dividend Discount
Gordon GGM HK$0.1700 HK$0.3500 HK$0.5200 70
DDM Multi-Stage HK$0.1700 HK$0.3000 HK$0.3600 61
Multiples
P/E Multiple HK$8.13 HK$10.84 HK$13.55 63
P/S Multiple HK$4.94 HK$6.58 HK$8.23 58
P/B Multiple HK$4.94 HK$6.58 HK$8.23 55
EV/EBIT HK$9.31 HK$11.99 HK$14.67 53
EV/EBITDA HK$8.73 HK$11.22 HK$13.71 54
EV/Revenue HK$5.33 HK$7.07 HK$8.82 43
Asset-Based
NCAV (Graham) HK$1.68 HK$2.25 HK$3.36 50
Economic Profit
Residual Income HK$3.02 HK$3.49 HK$7.30 76
ROIC Compounder HK$5.25 HK$7.25 HK$8.56 72
Growth Earnings
Growth-Adj P/E HK$9.27 HK$13.25 HK$17.22 68

Widest divergence: Growth Earnings (HK$13.25) versus Dividend Discount (HK$0.3000). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$498M
Revenue growth (YoY) +22.9%
Net margin 23.7%
Return on equity 14.2%
Free cash flow −HK$12.6M FY2025
P/E ratio 28.3 as of Jul 2, 2026
More key figures
Operating margin 30.9%
EPS (TTM) HK$1.18
EPS growth (YoY) +19.7%
Net debt HK$5.0M FY2023

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 0

Profitability 50
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 22
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 40
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

Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. designs and develops an industrial application of advanced technologies including AI and digital twins that target areas of transportation, energy, and urban management. It focuses on AI Transportation; AI Energy; and AI Urban Governance.

Full company description

Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. designs and develops an industrial application of advanced technologies including AI and digital twins that target areas of transportation, energy, and urban management. It focuses on AI Transportation; AI Energy; and AI Urban Governance. The company also provides integrated software and hardware solutions adopting comprehensive AI industry models for monitoring, inspection, and maintenance purposes. Additionally, it also offers rail transit solutions for transportation business, including inspection of railway traction power supply systems, monitoring of railway external environment, and inspection of cargo train operation status; integrated software and hardware solutions, such as IT operation and maintenance of integrated grid construction and defect detection of power transmission and distribution lines for grid companies and electricity sector; and urban management solution that include park management and intelligent solutions. The company was formerly known as Chengdu Nuobikan Technology Company Limited. Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. was founded in 2015 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Nuobikan Artificial reported revenue of HK$498M in FY2025 versus HK$253M in FY2022, a compound +25.4%/yr. Reported net income was HK$118M in FY2025, compounding +23.1%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$498M
Latest YoY
+23.7%
Avg. growth/yr (3Y) 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.
+25.4%
Revenue +25.4%/yr
FY22 HK$253M
FY23 HK$364M
FY24 HK$403M
FY25 HK$498M
Net income +23.1%/yr
FY22 HK$63.2M
FY23 HK$88.6M
FY24 HK$115M
FY25 HK$118M

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Cite: Fair Value Calculator (2026). "Nuobikan Artificial Fair Value". https://www.fairvalue-calculator.com/stock/2635

Peer Group

Information Technology Services · 490 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 42 · Bottom 25%
Fair Value upside −0% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 6% · Above median
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 23% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 28.3× · Pricier than median
P/B 4.19× · Pricier than 75% of peers
P/S (TTM) 8.60× · Pricier than 75% of peers
EV/EBITDA 27.3× · 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 33 · sector 33
FUTURE 100 · sector 30
PAST 57 · sector 35
HEALTH 100 · sector 97
DIVIDEND 3 · sector 40

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is Nuobikan Artificial (2635) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$11.56 versus a price of HK$11.60, about −0% (fairly valued).
What is the fair value of 2635?
Our model-based fair value for Nuobikan Artificial is HK$11.56 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$11.60.
What is the quality score of 2635?
Nuobikan Artificial has a Quality Score of 42/100. 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 revenue of Nuobikan Artificial (2635)?
Nuobikan Artificial reported trailing-twelve-month revenue of about HK$498M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2635?
The net profit margin of Nuobikan Artificial is about 23.7%, meaning it keeps roughly 23.7% of revenue as net income. Based on the latest reported figures.

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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