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Mininglamp Technology (2718) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Mininglamp Technology stock HK$15.51, price HK$27.32, that is 43.2% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.

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Technology HK · Based in China

MT Mininglamp Technology logo Thin data Nov 6, 2026

Mininglamp Technology

2718 · HK
Weakest Setup

Our calculation puts a fair price 43% below what the stock costs today.

Revenue last quarter +18% vs. a year ago.
Quality 40/100
Fair value HK$15.51 · Strongly overvalued
Weak Growth (revenue 3y +1.6 %/yr in HKD)
Negative free cash flow over the last twelve months
Trails peers (2/8)
Narrow moat 8/100 · thin data
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

HK$328.80 HK$26.10 Fair Value HK$15.51 Nov 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

12‑month range HK$26.10 – HK$328.80 · fair‑value band HK$15.28 – HK$15.81 · the HK$27.32 price screens above the HK$15.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Mininglamp Technology, an investment holding company, provides marketing intelligence, operational intelligence, and industry solution services in China.

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It offers Admonitor, a digital advertising monitoring and verification solution; Admonitor OOH, an outdoor advertising monitoring and measurement solution; MixReach, a mature online and offline cross-screen budget allocation and optimization tool; MoFang Pro, a social media marketing monitoring and insights platform; Mingdata DMP, an all-in-one advertising audience targeting and management platform; Social Grow for social media operation and growth; AdEff, an AI-driven AD testing creative testing and optimization platform; Social Grow, a social media marketing management platform; and CDP & MA, a CX-driven data management platform.

It also provides Jinshuju, a data platform to collect and manage daily work data; Haoke XM, a user experience analysis tool; Jinshuju AI Exams, an AI-driven online exam software; DeepMiner, a trusted business intelligence agent; and Ming, a one-stop LLM AI plugin.

In addition, it offers conversational intelligence, a sales enablement product; mininglamp conversation intelligence; Lingting, a hardware to record offline sales and service processes; smart operations solutions, such as Huifu; Mingdiantong, an intelligent construction solution; data-driven store operation; intelligent store opening; SCM Service comprising Mingqi Mall and Mingqi BoH; Ying Shi Yi, a brand membership GMV growth marketing suite; Meng Shi Yi, a franchise store lifecycle management platform; Mengshiyi, a unified business portal; weibanzhushou, a digital operations management platform; and yiban, an enhanced WeChat editor.

The company serves chain retail, home furnishings, personal care, FMCG, electronics, baby care, medical and aesthetic, e-commerce, automotive, enterprise services, and restaurant outlet industries. The company was founded in 2006 and is headquartered in Ziyang, China.

Stock analysis

Mininglamp Technology (2718) currently trades at HK$27.32, while our model-based Fair Value estimate is HK$15.51, 43% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of HK$15.49 per share, and 0 of the 9 models we run sit above the HK$27.32 price.

Bear case: the Asset-Based group reads lowest at HK$12.91, and 9 of the 9 models stay below the price. Data coverage for this calculation is low.

Scenario range: HK$15.28 (bear) to HK$15.81 (bull), the price of HK$27.32 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 40/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Mininglamp Technology reported revenue of 1.5B CNY in FY2025 versus 1.3B CNY in FY2021, a compound +5.3%/yr. Reported net income was −7.0B CNY in FY2025.

Key figures

Market cap HK$4.5B (≈ $580M) Small · P/S ratio 2.95 · Return on assets (EBIT) −17.4% (5-year average) · Operating margin −8.6% · Revenue (TTM) HK$1.5B · Revenue growth (YoY) +18.0% · Free cash flow HK$5.5M · Net cash HK$1.4B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 92% below its 52-week high and 5% above its 52-week low.

For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −43%, 2718 screens richer than that median.

Fair Value models

Bear HK$15.28 Fair Value HK$15.51 Bull HK$15.81
Price HK$27.32 · Downside -43.2%
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
FCF DCF HK$15.25 HK$15.49 HK$15.79 77
Growth DCF HK$15.27 HK$15.49 HK$15.75 74
5Y EBITDA Exit HK$16.00 HK$16.92 HK$17.97 71
All 9 models by family
DCF Models
FCF DCF HK$15.25 HK$15.49 HK$15.79 77
5Y Revenue Exit HK$15.00 HK$15.19 HK$15.42 68
5Y EBITDA Exit HK$16.00 HK$16.92 HK$17.97 71
10Y Revenue Exit HK$15.10 HK$15.27 HK$15.46 63
10Y EBITDA Exit HK$15.65 HK$16.29 HK$17.05 64
Multiples
EV/EBITDA HK$14.50 HK$15.33 HK$16.17 64
EV/Revenue HK$12.41 HK$12.59 HK$12.77 52
Asset-Based
NCAV (Graham) HK$8.52 HK$12.91 HK$16.14 52
Growth DCF
Growth DCF HK$15.27 HK$15.49 HK$15.75 74

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

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

Profitability 13
How much profit the company makes from its sales and capital
Quality Growth 26
Are margins and returns getting better?
Cashflow 12
Do the profits arrive as real cash?
Financial strength 74
Debt, balance sheet and risk of trouble
Investment 75
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 1
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 72
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. 33/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+3.2%
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.
+1.6%
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.
−108.0% (2021) → −1.8% (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

Growth Forecast

A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.

2718 screens overvalued: fair value 43% below the price. Compare with Microsoft Corporation →

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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 - Infrastructure · 346 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −43.2% · Below median
Profitability
Return on assets −184.2% · Bottom 25%
Operating margin (12 months) −8.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 18.0% · Above median

Valuation Multiplesvs Software - Infrastructure median · lower = cheaper

P/B 1.71× · Cheaper than median
P/S (12 months) 2.95× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 25
FUTURE (revenue growth)90 · sector 60
PAST (return on equity)0 · sector 23
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 31

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 - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Microsoft Corporation MSFT $530.61 $583.67 +10% vs 2718
Fortinet, Inc FTNT $118.84 $130.72 +10% vs 2718
Oracle Corporation ORCL $116.10 $111.97 −4% vs 2718
NetApp, Inc NTAP $169.19 $156.80 −7% vs 2718
Block, Inc XYZ $85.48 $76.43 −11% vs 2718
Synopsys, Inc SNPS $450.46 $288.23 −36% vs 2718
Zscaler, Inc ZS $197.66 $101.45 −49% vs 2718
Palantir Technologies Inc PLTR $160.38 $42.20 −74% vs 2718
CrowdStrike Holdings CRWD $216.90 $37.97 −82% vs 2718
Palo Alto Networks, Inc PANW $313.84 $39.54 −87% vs 2718

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Mininglamp Technology: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Mininglamp Technology Fair Value". https://www.fairvalue-calculator.com/stock/2718

Frequently asked questions

Is Mininglamp Technology (2718) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of HK$15.51 versus a price of HK$27.32, about 43% lower (overvalued).
What is the fair value of 2718?
Our model-based fair value for Mininglamp Technology is HK$15.51 (as of Nov 6, 2026), built from audited fundamentals. The current price: HK$27.32.
What is the quality score of 2718?
Mininglamp Technology has a Quality Score of 40/100. 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 Mininglamp Technology (2718)?
Our model-based price target is the fair value of HK$15.51 (as of Nov 6, 2026) from 9 valuation models. Cautious scenario HK$15.28, optimistic scenario HK$15.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Mininglamp Technology stock forecast for 2026?
Our models put fair value at HK$15.51, about 43% lower versus a price of HK$27.32 (overvalued). Cautious scenario HK$15.28, optimistic scenario HK$15.81. The calculation is refreshed regularly with new filings.
What is the revenue of Mininglamp Technology (2718)?
Mininglamp Technology reported trailing-twelve-month revenue of about HK$1.5B (latest available figure, as of Nov 6, 2026).
What growth is priced into Mininglamp Technology (2718)?
For today's price to be fair in a discounted-cash-flow model, Mininglamp Technology would have to grow free cash flow by more than 80 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +5.3 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 2718 use?
Our models discount Mininglamp Technology at 11.8 %: a base by market capitalisation (small), country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mininglamp Technology that is more than 80 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Mininglamp Technology (2718) delivered so far?
Over the past 4 years revenue at Mininglamp Technology grew +5.3 % a year. The price currently implies free-cash-flow growth of more than 80 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mininglamp Technology (2718) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into Mininglamp Technology (more than 80 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mininglamp Technology (2718)?
The free-cash-flow yield on the price is 0.14 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Mininglamp Technology produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mininglamp Technology (2718)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mininglamp Technology it is HK$15.51 per share (as of Nov 6, 2026), against a price of HK$27.32. It is the blended result of 9 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Mininglamp Technology stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2718 trades above its calculated fair value: price HK$27.32, fair value HK$15.51, a gap of about −43% (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 2718?
No. The price is what the market pays today (HK$27.32); the fair value is what the company's own numbers justify (HK$15.51). For Mininglamp Technology the two are HK$11.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mininglamp Technology worth?
The market values Mininglamp Technology at about HK$4.5B (market capitalisation, as of Nov 6, 2026). Per share that is HK$27.32; our models calculate a fair value of HK$15.51 per share.
What do the bullish and bearish scenarios say about 2718?
Our models span a range for Mininglamp Technology: cautious scenario HK$15.28, base HK$15.51, optimistic HK$15.81 per share (as of Nov 6, 2026, price HK$27.32). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 2718 from its 52-week high?
Mininglamp Technology trades at HK$27.32, about 92% below its 52-week high of HK$328.80 and 5% above the low of HK$26.10 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$15.51 is for.
Which stocks are comparable to Mininglamp Technology?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, 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 Mininglamp Technology stock attractive at the current price?
The data as of Nov 6, 2026: price HK$27.32, calculated fair value HK$15.51 (−43%), Quality Score 40/100, from 9 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 2718 calculated?
We run Mininglamp Technology through 9 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of HK$15.51 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 13.3% above its aggregate fair value. Mininglamp Technology 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 Mininglamp Technology (2718)?
The closing price on Nov 6, 2026 was HK$27.32. Our model-based fair value is HK$15.51, about 43% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mininglamp Technology right now?
The price sits above even our optimistic bull case (HK$15.81). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (HK$15.28 to HK$15.81), unusually little disagreement for a valuation.

Key figures of Mininglamp Technology

How large is the market capitalisation of Mininglamp Technology (2718)?
The market capitalisation of Mininglamp Technology is HK$4.5B (≈ $580M). 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 Mininglamp Technology (2718)?
The price-to-sales ratio of Mininglamp Technology is 2.95 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the EBIT return on assets of Mininglamp Technology (2718)?
On an EBIT basis the return on assets of Mininglamp Technology is −17.4% (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 Mininglamp Technology (2718)?
The operating margin of Mininglamp Technology is −8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mininglamp Technology (2718)?
Revenue at Mininglamp Technology is growing +18.0% versus a year earlier (3y avg +1.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Mininglamp Technology (2718) hold?
Mininglamp Technology holds more cash than debt, HK$1.4B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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