Sangfor Technologies Inc Class A (300454) Fair Value & Analysis
Technology · CN · Market cap 42.6B CNY (≈ $6.3B) · ISIN CNE1000033T1
What is Sangfor Technologies Inc Class A really worth?
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.
A solid business, but trading 752% above our fair value of ¥15.79.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 18 days ago
Fair value updated Aug 13, 2026, revised from ¥16.46 to ¥15.79 (−4.1%) since Jul 9, 2026. Share price +12.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥18.82). 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 (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥43.27 – ¥305.20 · fair‑value band ¥14.87 – ¥18.82 · the ¥134.45 price screens above the ¥15.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Sangfor Technologies Inc Class A (300454) currently trades at ¥134.45, while our model-based Fair Value estimate is ¥15.79, implying the stock looks roughly 751.8% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥26.02 per share, and 0 of the 26 models we run sit above the ¥134.45 price. Bear case: the Earnings-Based group reads lowest at ¥11.70, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Sangfor Technologies Inc Class A generated revenue of 8.4B CNY at a net margin of 6.9%. Revenue grew 28.9% year over year. It earns a return on equity of 5.8%. Net debt stands at 657M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥14.87 (bear case) to ¥18.82 (bull case); at ¥134.45, 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 28% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −88%, 300454 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.8958 per share, which is 5.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (¥26.02) versus Economic Profit (¥0.8700). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 42
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Sangfor Technologies Inc. provides IT infrastructure, cloud computing, and network security solutions in China and internationally.
Full company description
Sangfor Technologies Inc. provides IT infrastructure, cloud computing, and network security solutions in China and internationally. The company offers cyber security products, including Sangfor Network Secure Firewall platform; Sangfor Cyber Command, an intelligent threat detection and response platform; Sangfor Endpoint Secure for extensive malware protection; Internet Access Gateway, a securely manage internet access; SASE Sangfor Access Secure, a cloud-based SASE for branch offices and remote users; Sangfor Platform-X, a cloud-based security management platform, a secure remote access solution that allows to access Windows desktops and applications from any device or operating system; and Sangfor SSL VPN solution provides support for remote user access to the enterprise network from anywhere Internet-enabled location. It also provides cloud and infrastructure products, such as Sangfor hyperconverged infrastructure, a unified system of data storage; Sangfor cloud platform, an enterprise cloud computing platform; Sangfor aDesk, a virtual desktop infrastructure solution; Sangfor Nano Cloud, a hybrid cloud architecture solution; and aStor Hybrid Flash, a next enterprise-grade storage solution. In addition, the company offers managed cloud, managed detection response, incident response, and threat identification, analysis and risk assessment, ransomware protection, WAN optimization, SD-WAN, and other services. Further, the company engages in the research and development, production, sales, and technical services of basic network-related products and solutions; and education and training businesses. It serves manufacturing, education, finance and banking, government, healthcare, and ISP industries. Sangfor Technologies Inc. was founded in 2000 and is based in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sangfor Technologies Inc Class A reported revenue of 8.0B CNY in FY2025 versus 6.8B CNY in FY2021, a compound +4.3%/yr. Reported net income was 393M CNY in FY2025, compounding +9.5%/yr from FY2021.
of which total revenue +24.9 % · buybacks/dilution −2.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
300454 screens 752% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 379 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.
Valuation Multiples vs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (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: 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.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $480.35 | $365.74 | −24% |
| Oracle Corporation ORCL | $151.94 | $117.84 | −22% |
| Fortinet, Inc FTNT | $166.00 | $61.46 | −63% |
| Synopsys, Inc SNPS | $442.61 | $101.19 | −77% |
| Block, Inc XYZ | A$111.01 | A$70.69 | −36% |
| CoreWeave, Inc CRWV | $105.26 | $71.79 | −32% |
| NetApp, Inc NTAP | $190.64 | $154.83 | −19% |
| Adyen N.V ADYEN | €1,080 | €707.53 | −34% |
| MongoDB, Inc MDB | $440.58 | $93.91 | −79% |
| Okta, Inc OKTA | $166.23 | $30.50 | −82% |
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