Shenzhen Kingsun Science Tech (300235) fair value: what the stock is really worth
We calculate from audited financials what Shenzhen Kingsun Science Tech is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value ¥1.23 · Strongly overvalued (−89%)
✓Quality 65/100
!Weak Growth(revenue 5y −5.8 %/yr)
✓Solidly profitable · 16.4% net margin (TTM)
✓generates free cash flow
·0.22% dividend yield
!Trails peers(2/12)
!Narrow moat37/100
!Evidence only low, so the estimate is less certain
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69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ¥5.55 – ¥18.31 · fair‑value band ¥1.00 – ¥1.60 · the ¥11.21 price screens above the ¥1.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Shenzhen Fangzhi Technology Equity Co., Ltd., together with its subsidiaries, provides synchronous and matching educational software and comprehensive online system services or primary and secondary school teachers and students in China.
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Shenzhen Fangzhi Technology Equity Co., Ltd., together with its subsidiaries, provides synchronous and matching educational software and comprehensive online system services or primary and secondary school teachers and students in China. The company offers student products and services comprising synchronous learning, LinKid English AI interactive class, elementary school English interactive reading, and learning software; teacher products and services; school products and services, such as Fangzhi course resources, Fangzhi smart campus, and Fangzhi smart education cloud platform; and carrier industry service solutions. It also provides trade; and software development and information technology services. The company was formerly known as Shenzhen Kingsun Science & Technology Co.,Ltd and change its name to Shenzhen Fangzhi Technology Equity Co., Ltd. The company was founded in 1993 and is headquartered in Shenzhen, China.
Stock analysis
Shenzhen Kingsun Science Tech (300235) currently trades at ¥11.21, while our model-based Fair Value estimate is ¥1.23, implying the stock looks roughly 811.6% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.88 per share, and 0 of the 24 models we run sit above the ¥11.21 price.
Bear case: the Dividend Discount group reads lowest at ¥0.4300, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.00 (bear) to ¥1.60 (bull), the price of ¥11.21 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 65/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Shenzhen Kingsun Science Tech reported revenue of 90.8M CNY in FY2025 versus 111M CNY in FY2021, a compound −5.0%/yr. Reported net income was 18.6M CNY in FY2025, compounding −5.0%/yr from FY2021.
Key figures
Market cap 3.6B CNY (≈ $533M) · P/E ratio 224.2 · P/S ratio 45.9 · EPS (TTM) ¥0.0500 · Dividend yield 0.2% · Net margin 20.5% · Return on equity 2.0% · Return on assets (EBIT) 3.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −89%, 300235 screens richer than that median.
Fair Value models
Bear ¥1.00Fair Value ¥1.23Bull ¥1.60
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. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥0.0176 per share) are deliberately not added.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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.4%
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.
−5.5%
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.
−5.8%
Revenue growth 18 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.
+7.1%
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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.
−10.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.2%
Dividend (yield on the price)0.2%
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.−10% vs −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.27% → 14%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+45.7%
Yearly growth needed for the next five years to justify today's price.
Compare Shenzhen Kingsun Science Tech with another stock
Price, fair value, quality and upside side by side.
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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 · 696 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside−87% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)16% · Top 25%
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−21% · Bottom 25%
Dividend yield (TTM)0.2% · Bottom 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (TTM)224.2× · Priciest 25%
P/B5.05× · Priciest 25%
P/S (TTM)41.56× · Priciest 25%
P/FCF24.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)0· sector 36
PAST (return on equity)8· sector 11
HEALTH (low debt)0· sector 98
DIVIDEND (yield)4· sector 28
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Shenzhen Kingsun Science Tech (300235) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ¥1.23 versus a price of ¥11.21, about −89% upside (overvalued).
What is the fair value of 300235?
Our model-based fair value for Shenzhen Kingsun Science Tech is ¥1.23 (as of Sep 13, 2026), built from audited fundamentals. The current price: ¥11.21.
What is the quality score of 300235?
Shenzhen Kingsun Science Tech has a Quality Score of 65/100. 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 Shenzhen Kingsun Science Tech (300235)?
Our model-based price target is the fair value of ¥1.23 (as of Sep 13, 2026) from 24 valuation models. Cautious scenario ¥1.00, optimistic scenario ¥1.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenzhen Kingsun Science Tech stock forecast for 2026?
Our models put fair value at ¥1.23, about −89% upside versus a price of ¥11.21 (overvalued). Cautious scenario ¥1.00, optimistic scenario ¥1.60. The calculation is refreshed regularly with new filings.
What is the revenue of Shenzhen Kingsun Science Tech (300235)?
Shenzhen Kingsun Science Tech reported trailing-twelve-month revenue of about 86.0M CNY (latest available figure, as of Sep 13, 2026).
Does Shenzhen Kingsun Science Tech pay a dividend?
Shenzhen Kingsun Science Tech currently shows a dividend yield of about 0.22% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Shenzhen Kingsun Science Tech (300235)?
For today's price to be fair in a discounted-cash-flow model, Shenzhen Kingsun Science Tech would have to grow free cash flow by +45.7 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.8 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 300235 use?
Our models discount Shenzhen Kingsun Science Tech at 10.6 %: a base by market capitalisation (small), damped by beta 0.56, country premium for China. 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 Shenzhen Kingsun Science Tech that is +45.7 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Shenzhen Kingsun Science Tech (300235) delivered so far?
Over the past 5 years revenue at Shenzhen Kingsun Science Tech grew -5.8 % a year. The price currently implies +45.7 % per year free-cash-flow growth a 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 Shenzhen Kingsun Science Tech (300235) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into Shenzhen Kingsun Science Tech (+45.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shenzhen Kingsun Science Tech (300235)?
The free-cash-flow yield on the price is 0.76 %: that much free cash flow Shenzhen Kingsun Science Tech produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shenzhen Kingsun Science Tech (300235)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenzhen Kingsun Science Tech it is ¥1.23 per share (as of Sep 13, 2026), against a price of ¥11.21. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Shenzhen Kingsun Science Tech stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 300235 trades above its calculated fair value: price ¥11.21, fair value ¥1.23, 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 300235?
No. The price is what the market pays today (¥11.21); the fair value is what the company's own numbers justify (¥1.23). For Shenzhen Kingsun Science Tech the two are ¥9.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenzhen Kingsun Science Tech worth?
The market values Shenzhen Kingsun Science Tech at about 3.6B CNY (market capitalisation, as of Sep 13, 2026). Per share that is ¥11.21; our models calculate a fair value of ¥1.23 per share.
What do the bullish and bearish scenarios say about 300235?
Our models span a range for Shenzhen Kingsun Science Tech: cautious scenario ¥1.00, base ¥1.23, optimistic ¥1.60 per share (as of Sep 13, 2026, price ¥11.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300235?
Shenzhen Kingsun Science Tech trades at a price-to-earnings ratio of 224.2 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥1.23 is built from several models across several years. Other multiples: P/B 5.1, P/S 41.6.
How solid is the balance sheet of Shenzhen Kingsun Science Tech (300235)?
Balance-sheet figures for Shenzhen Kingsun Science Tech (as of Sep 13, 2026): return on equity 2.0%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 300235 from its 52-week high?
Shenzhen Kingsun Science Tech trades at ¥11.21, about 41% below its 52-week high of ¥18.97 and 10% above the low of ¥10.23 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.23 is for.
Which stocks are comparable to Shenzhen Kingsun Science Tech?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Shenzhen Kingsun Science Tech stock attractive at the current price?
The data as of Sep 13, 2026: price ¥11.21, calculated fair value ¥1.23 (−89%), Quality Score 65/100, from 24 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 300235 calculated?
We run Shenzhen Kingsun Science Tech through 24 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 ¥1.23, 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 15.8 % above its aggregate fair value. Shenzhen Kingsun Science Tech 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 should I pay attention to with Shenzhen Kingsun Science Tech right now?
The price sits above even our optimistic bull case (¥1.60). 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 (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Shenzhen Kingsun Science Tech (300235) come from?
Earnings per share at Shenzhen Kingsun Science Tech grew +0.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.2 %, EBIT margin +2.3 %, tax rate −0.1 %, residual (interest, one-offs) −3.1 %. 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 Shenzhen Kingsun Science Tech
How large is the market capitalisation of Shenzhen Kingsun Science Tech (300235)?
The market capitalisation of Shenzhen Kingsun Science Tech is 3.6B CNY (≈ $533M). 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 Shenzhen Kingsun Science Tech (300235)?
The price-to-sales ratio of Shenzhen Kingsun Science Tech is 45.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shenzhen Kingsun Science Tech (300235)?
Earnings per share at Shenzhen Kingsun Science Tech are ¥0.0500 (price ÷ EPS = P/E 224.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenzhen Kingsun Science Tech (300235)?
The dividend yield of Shenzhen Kingsun Science Tech is 0.2% (payout 50.0%). 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 Shenzhen Kingsun Science Tech (300235)?
The net margin of Shenzhen Kingsun Science Tech is 20.5% (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 Shenzhen Kingsun Science Tech (300235)?
The return on equity (ROE) of Shenzhen Kingsun Science Tech is 2.0% (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 Shenzhen Kingsun Science Tech (300235)?
On an EBIT basis the return on assets of Shenzhen Kingsun Science Tech is 3.4% (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 Shenzhen Kingsun Science Tech (300235)?
The operating margin of Shenzhen Kingsun Science Tech is 1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenzhen Kingsun Science Tech (300235)?
Revenue at Shenzhen Kingsun Science Tech is growing −20.6% versus a year earlier (3y avg −5.5%). 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 Shenzhen Kingsun Science Tech (300235)?
Earnings per share at Shenzhen Kingsun Science Tech are growing −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Shenzhen Kingsun Science Tech (300235) hold?
Shenzhen Kingsun Science Tech holds more cash than debt, 164M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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