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Brilliance Technology Co Ltd (300542) Fair Value & Analysis

Technology · CN · Market cap 3.7B CNY

BT Brilliance Technology Co Ltd 300542 · SHE
Price¥13.95
Fair Value¥1.65
Upside-88.2%
Quality54/100

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.

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Risks

!Trades 745% ABOVE our fair value of ¥1.65
!Weak Growth (revenue 5y −1.3 %/yr)
!Loss-making · -2.2% net margin
!Low debt · negative free cash flow
Weak Growth (revenue 5y −1.3 %/yr)
Loss-making · -2.2% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 19/100
Evidence: Medium Range ¥1.57 – ¥1.72 Share as image

Fair value as of: Aug 13, 2026

From 8 valuation models · updated 12 days ago

Fair value updated Aug 13, 2026, revised from ¥1.71 to ¥1.65 (−3.5%) since Jul 9, 2026. Share price +32.0% over the past month.

A solid business, but trading 745% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (¥1.72). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (¥1.57 to ¥1.72), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥31.39 ¥7.38 Fair Value ¥1.65 Mar 2021 Aug 2026

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 ¥7.38 – ¥31.39 · fair‑value band ¥1.57 – ¥1.72 · the ¥13.95 price screens above the ¥1.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Brilliance Technology Co Ltd (300542) currently trades at ¥13.95, while our model-based Fair Value estimate is ¥1.65, implying the stock looks roughly 88.2% overvalued today. The Quality Score stands at 54/100 (solid 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, Brilliance Technology Co Ltd generated revenue of 1.1B CNY at a net margin of -2.2%. Revenue grew 26.6% year over year. It earns a return on equity of -4.3%. The balance sheet holds a net cash position of 290M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥1.57 (bear case) to ¥1.72 (bull case); at ¥13.95, 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 48% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -34% fair-value upside, at -88%, 300542 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 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
Highest evidence
ROIC Compounder ¥1.55 ¥1.62 ¥1.69 72
Gordon GGM ¥0.2900 ¥0.5700 ¥0.8700 70
DDM Multi-Stage ¥0.2900 ¥0.4700 ¥0.6000 61
All 8 models by family
Earnings-Based
EPV ¥1.55 ¥1.62 ¥1.69 59
Dividend Discount
Gordon GGM ¥0.2900 ¥0.5700 ¥0.8700 70
DDM Multi-Stage ¥0.2900 ¥0.4700 ¥0.6000 61
Multiples
EV/EBIT ¥2.14 ¥2.50 ¥2.86 53
EV/EBITDA ¥2.17 ¥2.54 ¥2.92 54
EV/Revenue ¥1.60 ¥1.84 ¥2.07 43
Asset-Based
NCAV (Graham) ¥0.9200 ¥1.24 ¥1.84 50
Economic Profit
ROIC Compounder ¥1.55 ¥1.62 ¥1.69 72

Widest divergence: Multiples (¥2.50) versus Dividend Discount (¥0.4700). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

P/S ratio 3.32 TTM
Net margin -2.2% TTM
Return on equity -4.3% TTM
Return on assets 0.4% TTM
Operating margin -9.2% TTM
EPS (TTM) ¥-0.0800
More key figures
Growth
Revenue (TTM) 1.1B CNY TTM
Revenue growth (YoY) +26.6% 3y avg -9.6%
EPS growth (YoY) -1.1%
Balance sheet & cash flow
Free cash flow −268M CNY FY2025
Net cash 290M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 29

Profitability 23
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 91
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.

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

Brilliance Technology Co., Ltd., together with its subsidiaries, provides information solutions and services in China. The company offers data center infrastructure system construction, cloud computing/virtualization construction, information security system construction, disaster recovery system construction, and IT system relocation technical services, as …

Full company description

Brilliance Technology Co., Ltd., together with its subsidiaries, provides information solutions and services in China. The company offers data center infrastructure system construction, cloud computing/virtualization construction, information security system construction, disaster recovery system construction, and IT system relocation technical services, as well as big data platform system construction, security planning and construction, multivendor operation and maintenance management services, etc. The company also provides software development services, such as electronic channels and channel integration platforms, payment settlement, new generation of intermediary businesses, transaction banking, cloud platform applications, data exchanges, big data platforms, blockchain platforms, comprehensive bond business, family trust management, etc., as well as system integration solutions and services covering the entire life cycle of IT infrastructure construction, such as data center planning and design consulting, software and hardware selection and deployment implementation; and professional and technical services. It serves the financial, military, public security, and media industries, as well as large and medium-sized state-owned enterprises and institutions, etc. Brilliance Technology Co., Ltd. was founded in 1998 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Brilliance Technology Co Ltd reported revenue of ¥1.1B in FY2025 versus ¥1.1B in FY2021, a compound +0.3%/yr. Reported net income was −¥13.3M in FY2025.

Growth Quality 2/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.1B CNY
Latest YoY
−20.4%
Avg. revenue growth/yr (3Y) 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.
−9.6%
Avg. revenue growth/yr (5Y) 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.
−1.3%
Avg. revenue growth/yr (14Y) 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.
+8.7%
Value creation/yr 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
Revenue +0.3%/yr
FY21 ¥1.1B
FY22 ¥1.5B
FY23 ¥1.7B
FY24 ¥1.3B
FY25 ¥1.1B
Net income
FY21 ¥63.6M
FY22 ¥52.1M
FY23 ¥36.4M
FY24 −¥81.5M
FY25 −¥13.3M
Character of growth · EPS growth decomposed (2013-2024) −2.4 % p.a.
Revenue per share +13.3 pp

of which total revenue +17.5 pp · buybacks/dilution −4.2 pp

EBIT margin −12.8 pp
Tax rate +0.4 pp
Residual (interest, one-offs) −3.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

300542 screens 88% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Brilliance Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300542

Peer Group

Software - Application · 724 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 54 · Above median
Fair Value upside −88% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) -2% · Below median
Operating margin (TTM) -9% · Bottom 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.99× · Cheaper than median
P/S (TTM) 0.49× · Cheaper than 75% of peers
EV/EBITDA 17.7× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 39
PAST0 · sector 12
HEALTH94 · sector 98
DIVIDEND5 · sector 29

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAP €182.50 €169.59 -7%
Shopify Inc SHOP C$209.78 C$28.76 -86%
Uber Technologies, Inc UBER $75.36 $43.66 -42%
Salesforce, Inc CRM $193.32 $249.28 +29%
ServiceNow, Inc NOW $124.94 $43.73 -65%
Cadence Design Systems, Inc CDNS $323.13 $112.57 -65%
Snowflake Inc SNOW $332.26 $42.27 -87%
Adobe Inc ADBE $275.30 $454.04 +65%
Automatic Data Processing, Inc ADP $269.33 $177.51 -34%
Intuit Inc INTU $334.71 $363.46 +9%

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Frequently asked questions

Is Brilliance Technology Co Ltd (300542) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥1.65 versus a price of ¥13.95, about −88% (overvalued).
What is the fair value of 300542?
Our model-based fair value for Brilliance Technology Co Ltd is ¥1.65 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥13.95.
What is the quality score of 300542?
Brilliance Technology Co Ltd has a Quality Score of 54/100. 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 Brilliance Technology Co Ltd (300542)?
Brilliance Technology Co Ltd reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300542?
The net profit margin of Brilliance Technology Co Ltd is about -2.2%, 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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