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NSFOCUS Technologies Group (300369) Fair Value & Analysis

Technology · CN · Market cap 4.8B CNY

NT NSFOCUS Technologies Group 300369 · SHE
Price¥7.50
Fair Value¥1.01
Upside-86.5%
Quality48/100
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Mixed Growth
Loss-making · -1.6% net margin
generates free cash flow
Trails peers (2/10)
Narrow moat 23/100
Evidence: Medium Range ¥0.7700 – ¥1.25 Share as image

Fair value as of: Jul 9, 2026

From 12 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥1.23 to ¥1.01 (−17.9%) since Jun 24, 2026. Share price +38.9% over the past month.

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.25). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥24.27 ¥4.73 Fair Value ¥1.01 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥4.73 – ¥24.27 · fair‑value band ¥0.7700 – ¥1.25 · the ¥7.50 price screens above the ¥1.01 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

NSFOCUS Technologies Group (300369) currently trades at ¥7.50, while our model-based Fair Value estimate is ¥1.01, implying the stock looks roughly 86.5% overvalued today. The Quality Score stands at 48/100 (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: medium).

Over the trailing twelve months, NSFOCUS Technologies Group generated revenue of 2.5B CNY at a net margin of -1.6%. Revenue grew 0.3% year over year. It earns a return on equity of -1.6%. Net debt stands at 82.2M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥0.7700 (bear case) to ¥1.25 (bull case); at ¥7.50, 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 37% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -87%, 300369 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥0.4000 ¥0.4400 ¥0.5000 72
ROIC Compounder ¥0.8500 ¥0.9300 ¥1.00 67
EPV ¥0.8500 ¥0.9300 ¥1.00 59
All 12 models by family
DCF Models
FCF DCF ¥0.4100 ¥0.4500 ¥0.5200 38
5Y Revenue Exit ¥0.7500 ¥1.18 ¥1.82 39
5Y EBITDA Exit ¥2.69 ¥5.38 ¥8.97 41
10Y Revenue Exit ¥0.6100 ¥0.9900 ¥1.63 36
10Y EBITDA Exit ¥1.92 ¥4.07 ¥7.76 37
Earnings-Based
EPV ¥0.8500 ¥0.9300 ¥1.00 59
Multiples
EV/EBIT ¥1.17 ¥1.44 ¥1.71 53
EV/EBITDA ¥3.99 ¥5.20 ¥6.42 54
EV/Revenue ¥0.9100 ¥1.14 ¥1.37 43
Asset-Based
NCAV (Graham) ¥1.61 ¥2.16 ¥3.22 50
Growth DCF
Growth DCF ¥0.4000 ¥0.4400 ¥0.5000 72
Economic Profit
ROIC Compounder ¥0.8500 ¥0.9300 ¥1.00 67

Widest divergence: Asset-Based (¥2.16) versus Growth DCF (¥0.4400). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) 2.5B CNY
Revenue growth (YoY) +0.3%
Net margin -1.6%
Return on equity -1.6%
Free cash flow 2.9M CNY FY2025
Operating margin -31.5%
More key figures
EPS (TTM) ¥-0.0500
EPS growth (YoY) +16.6%
Net debt 82.2M CNY FY2025

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 46 · Market factors (momentum, volatility) 34

Profitability 23
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 48
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

NSFOCUS Technologies Group Co., Ltd., together with its subsidiaries, provides Internet and application security services in China and internationally. The company offers holistic, carrier-grade, and hybrid distributed denial of service (DDoS); and web security solutions.

Full company description

NSFOCUS Technologies Group Co., Ltd., together with its subsidiaries, provides Internet and application security services in China and internationally. The company offers holistic, carrier-grade, and hybrid distributed denial of service (DDoS); and web security solutions. It also provides cloud DDoS protection services, which defeats DDoS attacks that impact infrastructure and internet services; continuous threat exposure management services, which is a set of processes and capabilities for identifying, assessing, and mitigating risks within an organization's digital environment; threat intelligence subscription services that minimizes risk and enhances overall security postures; exposure internet surface analysis, which identifies and pinpoints exposure and vulnerability on the Internet; and attack threat monitoring services for DDoS threat analysis and assessment. In addition, the company offers DDoS attack protection, security operation, remote security assessment system, web application and API protection, firewall, and intrusion prevention products; and DDoS defenses, value-added services for internet and managed service providers, 5G network security solutions, and cloud-in-a-box solutions. Further, it provides product support, professional security assessment, managed security, and training services. Additionally, the company engages in software and information technology services; technology promotion and application services; research and experimental development; and professional technical services. It serves telecom carriers, data centers, financial services companies, cloud service providers, managed security services providers, and enterprises. NSFOCUS Technologies Group Co., Ltd. was founded in 2000 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NSFOCUS Technologies Group reported revenue of ¥2.5B in FY2025 versus ¥2.6B in FY2021, a compound −0.7%/yr. Reported net income was −¥45.3M in FY2025.

Growth Quality 40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.5B CNY
Latest YoY
+7.8%
Avg. growth/yr (3Y)
−1.1%
Avg. growth/yr (5Y)
+4.8%
Avg. growth/yr (16Y)
+16.3%
Revenue −0.7%/yr
FY21 ¥2.6B
FY22 ¥2.6B
FY23 ¥1.7B
FY24 ¥2.4B
FY25 ¥2.5B
Net income
FY21 ¥345M
FY22 ¥28.6M
FY23 −¥977M
FY24 −¥365M
FY25 −¥45.3M

300369 screens 87% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "NSFOCUS Technologies Group Fair Value". https://www.fairvalue-calculator.com/stock/300369

Peer Group

Software - Infrastructure · 368 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 48 · Below median
Fair Value upside −87% · Bottom 25%
Return on assets -1% · Below median
Net margin (TTM) -2% · Below median
Operating margin (TTM) -32% · Bottom 25%
Revenue growth 0% · Below median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.28× · Cheaper than 75% of peers
P/FCF 245.3× · 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 0 · sector 0
FUTURE 2 · sector 46
PAST 0 · sector 15
HEALTH 0 · sector 99
DIVIDEND 0 · sector 28

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.

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is NSFOCUS Technologies Group (300369) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥1.01 versus a price of ¥7.50, about −87% (overvalued).
What is the fair value of 300369?
Our model-based fair value for NSFOCUS Technologies Group is ¥1.01 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥7.50.
What is the quality score of 300369?
NSFOCUS Technologies Group has a Quality Score of 48/100. 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 NSFOCUS Technologies Group (300369)?
NSFOCUS Technologies Group reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300369?
The net profit margin of NSFOCUS Technologies Group is about -1.6%, meaning it is currently running at a net loss. 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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