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Hnac Technology Co Ltd (300490) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Hnac Technology Co Ltd stock ¥2.95, price ¥8.65, that is 65.9% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials CN · ISIN CNE1000024T0

HT Hnac Technology Co Ltd logo Thin data Nov 5, 2026

Hnac Technology Co Ltd

300490 · SHE
Very expensive, weak quality

Our calculation puts a fair price 66% below what the stock costs today.

Low debt
Revenue last quarter +88% vs. a year ago.
Expensive Growth (revenue 5y +15.1 %/yr in CNY)
Fair value ¥2.95 · Strongly overvalued
Quality 36/100
Loss-making · -0.2% net margin (TTM)
Negative free cash flow
Trails peers (3/12)
Narrow moat 16/100 · 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

¥32.67 ¥6.26 Fair Value ¥2.95 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥6.26 – ¥32.67 · fair‑value band ¥2.20 – ¥4.41 · the ¥8.65 price screens above the ¥2.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

HNAC Technology Co., Ltd., together with its subsidiaries, provides intelligent control software and hardware products and system solutions in China and internationally.

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The company offers energy products, including battery packs, zero carbon cabins, charging piles, energy storage converters, and EMS, as well as residential, commercial, and industrial energy storage systems; hydropower products, such as hydraulic turbines, turbine inlet valves, speed regulators, generators, and excitation systems; mechanical and electrical equipment comprising microcomputer protection measurement and control devices, monitoring and protection system devices, medium and high voltage switchgears, AC&DC systems, and SCADA systems; and measurement meters.

It also provides engineering contractor services for new energy, hydropower station, substation, pump station, and water treatment projects; and operation and maintenance services for power station, hydraulic, renewable energy, water plant, and distribution network.

In addition, the company offers EPC contracting; installation and commissioning; project investment and financing; rehabilitation and modernization; consulting and design; operation and maintenance; equipment manufacturing and assembly; and technical training.

It serves hydropower, new energy and energy storage, power transformation and distribution, and water treatment and conservancy industries. The company was founded in 1993 and is headquartered in Changsha, China.

Stock analysis

Hnac Technology Co Ltd (300490) currently trades at ¥8.65, while our model-based Fair Value estimate is ¥2.95, 66% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the data coverage at low.

Scenario range: ¥2.20 (bear) to ¥4.41 (bull), the price of ¥8.65 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 36/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Hnac Technology Co Ltd reported revenue of 2.3B CNY in FY2025 versus 2.2B CNY in FY2021, a compound +1.4%/yr. Reported net income was −254M CNY in FY2025.

Key figures

Market cap 3.4B CNY (≈ $517M) Small · P/S ratio 1.04 · EPS (TTM) ¥−0.0200 · Dividend yield 0.9% · Net margin −0.2% · Return on equity −1.3% · Return on assets (EBIT) −4.1% (5-year average) · Operating margin 3.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).

What moves the price

The share trades about 58% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −66%, 300490 screens richer than that median.

Fair Value models

Bear ¥2.20 Fair Value ¥2.95 Bull ¥4.41
Price ¥8.65 · Downside -65.9%
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
NCAV (Graham) ¥2.20 ¥2.95 ¥4.41 54
All 1 models by family
Asset-Based
NCAV (Graham) ¥2.20 ¥2.95 ¥4.41 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

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

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 76
Are margins and returns getting better?
Cashflow 12
Do the profits arrive as real cash?
Financial strength 35
Debt, balance sheet and risk of trouble
Investment 89
Does it invest with discipline instead of growing at any price?
Low Volatility 28
How calm the share price moves, does not count
Price momentum 13
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 33
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.0%
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.
+11.8%
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.
+15.1%
Start year 2020 (pandemic). Over 10 years: +18.8% a year
Revenue growth 14 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.
+16.6%
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.
2.4% (2020) → −6.6% (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

300490 screens overvalued: fair value 66% below the price. Compare with Contemporary Amperex Technology Co →

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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.Electrical Equipment & Parts · 564 stocks

Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −65.9% · Bottom 25%
Profitability
Return on assets −3.8% · Bottom 25%
Net margin (12 months) −0.2% · Bottom 25%
Operating margin (12 months) 3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 88.0% · Top 25%
Dividend yield (12 months) 0.9% · Below median
Balance sheet
Debt / equity 0.09× · Above median

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/B 1.61× · Cheaper than median
P/S (12 months) 1.00× · Cheaper than median
EV/EBITDA 23.0× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 66
PAST (return on equity)0 · sector 25
HEALTH (low debt)95 · sector 97
DIVIDEND (yield)19 · sector 23

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥254.22 ¥648.35 +155% vs 300490
Sungrow Power Supply Co 300274 ¥81.97 ¥182.32 +122% vs 300490
NARI Technology Co 600406 ¥23.86 ¥29.39 +23% vs 300490
Vertiv Holdings VRT $182.86 $178.64 −2% vs 300490
Prysmian S.p.A PRY €101.00 €64.29 −36% vs 300490
Legrand SA LR €129.65 €82.49 −36% vs 300490
ABB Ltd ABBN CHF 66.98 CHF 29.62 −56% vs 300490
Samsung SDI Co 006400 468,000 KRW 153,766 KRW −67% vs 300490
Delta Electronics (Thailand) Public Company DELTA 177.00 THB 39.14 THB −78% vs 300490
LG Energy Solution, Ltd 373220 337,500 KRW 53,325 KRW −84% vs 300490

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Hnac Technology Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Hnac Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300490

Frequently asked questions

Is Hnac Technology Co Ltd (300490) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥2.95 versus a price of ¥8.65, about 66% lower (overvalued).
What is the fair value of 300490?
Our model-based fair value for Hnac Technology Co Ltd is ¥2.95 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥8.65.
What is the quality score of 300490?
Hnac Technology Co Ltd has a Quality Score of 36/100. 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 Hnac Technology Co Ltd (300490)?
Our model-based price target is the fair value of ¥2.95 (as of Nov 5, 2026) from 1 valuation models. Cautious scenario ¥2.20, optimistic scenario ¥4.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Hnac Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.95, about 66% lower versus a price of ¥8.65 (overvalued). Cautious scenario ¥2.20, optimistic scenario ¥4.41. The calculation is refreshed regularly with new filings.
What is the revenue of Hnac Technology Co Ltd (300490)?
Hnac Technology Co Ltd reported trailing-twelve-month revenue of about 3.5B CNY (latest available figure, as of Nov 5, 2026).
Does Hnac Technology Co Ltd pay a dividend?
Hnac Technology Co Ltd currently shows a dividend yield of 0.94% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Hnac Technology Co Ltd (300490)?
Hnac Technology Co Ltd has a dividend yield of 0.9%.
What is the intrinsic value of Hnac Technology Co Ltd (300490)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hnac Technology Co Ltd it is ¥2.95 per share (as of Nov 5, 2026), against a price of ¥8.65. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Hnac Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 300490 trades above its calculated fair value: price ¥8.65, fair value ¥2.95, a gap of about −66% (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 300490?
No. The price is what the market pays today (¥8.65); the fair value is what the company's own numbers justify (¥2.95). For Hnac Technology Co Ltd the two are ¥5.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hnac Technology Co Ltd worth?
The market values Hnac Technology Co Ltd at about 3.4B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥8.65; our models calculate a fair value of ¥2.95 per share.
What do the bullish and bearish scenarios say about 300490?
Our models span a range for Hnac Technology Co Ltd: cautious scenario ¥2.20, base ¥2.95, optimistic ¥4.41 per share (as of Nov 5, 2026, price ¥8.65). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hnac Technology Co Ltd (300490)?
Balance-sheet figures for Hnac Technology Co Ltd (as of Nov 5, 2026): return on equity −1.3%, debt of 0.09 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 300490 from its 52-week high?
Hnac Technology Co Ltd trades at ¥8.65, about 58% below its 52-week high of ¥20.75 and 6% above the low of ¥8.14 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.95 is for.
Which stocks are comparable to Hnac Technology Co Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Hnac Technology Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥8.65, calculated fair value ¥2.95 (−66%), Quality Score 36/100, from 1 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 300490 calculated?
We run Hnac Technology Co Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥2.95 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. Hnac Technology Co Ltd 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 Hnac Technology Co Ltd (300490)?
The closing price on Nov 6, 2026 was ¥8.65. Our model-based fair value is ¥2.95, about 66% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hnac Technology Co Ltd right now?
The price sits above even our optimistic bull case (¥4.41). The favourable scenario is already priced in. Weak quality (36/100) 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. A fairly wide model range (¥2.20 to ¥4.41) leaves room in how you read the outcome.

Key figures of Hnac Technology Co Ltd

How large is the market capitalisation of Hnac Technology Co Ltd (300490)?
The market capitalisation of Hnac Technology Co Ltd is 3.4B CNY (≈ $517M). 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 Hnac Technology Co Ltd (300490)?
The price-to-sales ratio of Hnac Technology Co Ltd is 1.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hnac Technology Co Ltd (300490)?
Earnings per share at Hnac Technology Co Ltd are ¥−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hnac Technology Co Ltd (300490)?
The dividend yield of Hnac Technology Co Ltd is 0.9%. 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 Hnac Technology Co Ltd (300490)?
The net margin of Hnac Technology Co Ltd is −0.2% (last twelve months). 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 Hnac Technology Co Ltd (300490)?
The return on equity (ROE) of Hnac Technology Co Ltd is −1.3% (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 Hnac Technology Co Ltd (300490)?
On an EBIT basis the return on assets of Hnac Technology Co Ltd is −4.1% (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 Hnac Technology Co Ltd (300490)?
The operating margin of Hnac Technology Co Ltd is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hnac Technology Co Ltd (300490)?
Revenue at Hnac Technology Co Ltd is growing +88.0% versus a year earlier (3y avg +11.8%). 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 Hnac Technology Co Ltd (300490)?
Earnings per share at Hnac Technology Co Ltd are growing −66.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hnac Technology Co Ltd (300490) generate?
The free cash flow of Hnac Technology Co Ltd is −75.0K CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hnac Technology Co Ltd (300490) carry?
The net debt of Hnac Technology Co Ltd is 462M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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