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Yealink Network Technology Co (300628) Fair Value & Analysis

Technology · CN · Market cap 42.1B CNY

YN Yealink Network Technology Co 300628 · SHE
Price¥39.18
Fair Value¥30.41
Upside-22.4%
Quality80/100
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Healthy Growth
Highly profitable · 43.0% net margin
generates free cash flow
5.29% dividend yield
Ranks above peers (11/13)
Wide moat 91/100
Evidence: High Range ¥22.91 – ¥84.49 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price +15.7% over the past month.

A strong business, but screening 22% overvalued on our models.

What matters now

  • A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (¥22.91 to ¥84.49). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

¥56.92 ¥21.13 Fair Value ¥30.41 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 ¥21.13 – ¥56.92 · fair‑value band ¥22.91 – ¥84.49 · the ¥39.18 price screens above the ¥30.41 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Yealink Network Technology Co (300628) currently trades at ¥39.18, while our model-based Fair Value estimate is ¥30.41, implying the stock looks roughly 22.4% overvalued today. The Quality Score stands at 80/100 (high 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: high).

Over the trailing twelve months, Yealink Network Technology Co generated revenue of 6.3B CNY at a net margin of 43.0%. Revenue grew 18.8% year over year. It earns a return on equity of 27.6%. The balance sheet holds a net cash position of 495M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥22.91 (bear case) to ¥84.49 (bull case); at ¥39.18, the current price sits within 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 4% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -22%, 300628 screens cheaper 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
Residual Income ¥14.25 ¥19.53 ¥133.78 76
Growth DCF ¥22.94 ¥42.06 ¥80.72 72
Growth-Adj P/E ¥45.49 ¥64.99 ¥84.49 68
All 24 models by family
DCF Models
FCF DCF ¥24.34 ¥37.90 ¥81.07 38
Owner Earnings ¥33.36 ¥75.02 ¥162.48 31
5Y Revenue Exit ¥13.91 ¥21.96 ¥38.67 39
5Y EBITDA Exit ¥24.18 ¥42.71 ¥79.08 41
5Y P/E Exit ¥30.42 ¥69.29 ¥122.64 38
10Y Revenue Exit ¥16.80 ¥32.30 ¥40.99 36
10Y EBITDA Exit ¥24.67 ¥54.40 ¥106.35 37
10Y P/E Exit ¥29.22 ¥67.84 ¥132.20 35
Earnings-Based
Graham-Dodd ¥13.95 ¥97.32 ¥136.57 54
Lynch FV ¥36.17 ¥51.67 ¥67.17 50
PEG = 1.0 ¥36.17 ¥51.67 ¥67.17 46
EPV ¥19.89 ¥23.09 ¥25.89 59
Multiples
P/E Multiple ¥30.78 ¥41.04 ¥51.30 63
P/S Multiple ¥8.93 ¥11.91 ¥14.88 58
P/B Multiple ¥16.57 ¥22.09 ¥27.61 55
EV/EBIT ¥30.93 ¥41.01 ¥51.09 53
EV/EBITDA ¥23.22 ¥30.72 ¥38.23 54
EV/Revenue ¥9.03 ¥12.61 ¥16.18 43
Asset-Based
NCAV (Graham) ¥3.68 ¥4.93 ¥7.36 50
Growth DCF
Growth DCF ¥22.94 ¥42.06 ¥80.72 72
Rev-Margin DCF ¥13.94 ¥25.05 ¥45.80 67
Economic Profit
Residual Income ¥14.25 ¥19.53 ¥133.78 76
ROIC Compounder ¥25.37 ¥37.02 ¥53.31 67
Growth Earnings
Growth-Adj P/E ¥45.49 ¥64.99 ¥84.49 68

Widest divergence: Growth Earnings (¥64.99) versus Asset-Based (¥4.93). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 6.3B CNY
Revenue growth (YoY) +18.8%
Net margin 43.0%
Return on equity 27.6%
Free cash flow 1.8B CNY FY2025
P/E ratio 15.6
More key figures
Operating margin 48.6%
EPS (TTM) ¥2.13
Dividend yield 5.3%
EPS growth (YoY) +16.5%
Net cash 495M CNY FY2024

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

Quality Score breakdown

Overall quality 80/100

Of which business quality 77 · Market factors (momentum, volatility) 65

Profitability 86
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 81
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

Yealink Network Technology Co., Ltd., together with its subsidiaries, provides video conferencing, voice communications, and collaboration solutions in Europe, the Americas, and internationally.

Full company description

Yealink Network Technology Co., Ltd., together with its subsidiaries, provides video conferencing, voice communications, and collaboration solutions in Europe, the Americas, and internationally. The company offers Microsoft and Zoom device products comprising Teams rooms systems, Zoom rooms systems, USB cameras and BYOD kits, space IOT devices, room audio devices, room system accessories, room mount kits and cables, teams phones, and zoom phones; headset products consisting of Bluetooth and DECT wireless headsets, wired headsets, speakerphones, headset accessories, and headset selectors; IP phone products, such as team phones, zoom phones, conference phones, DECT phones, Wi-Fi IP phones, 4G phones, and phone accessories; management platforms comprising device management platforms, management cloud services, and USB connect management services; and EoS and EoL products. It also provides finance, education, healthcare, and manufacturing solutions; future workers, headset and handset, personal collaboration, and desktop video solutions; Microsoft Teams room and phone, AV ONE, SkySound audio, and BYOD solutions; small, medium, large, and extra-large room solutions; Zoom rooms, phone, and meetings solutions; RingCentral, 3CX, Extron, Broadsoft, Metaswitch, and BlueJeans solutions; and home support, pre-sale, after-sale, and Yealink Academy services. In addition, the company engages in software development and information system integration services; technology promotion and application services; and the sale of unified communication terminals. Yealink Network Technology Co., Ltd. was incorporated in 2001 and is based in Xiamen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yealink Network Technology Co reported revenue of ¥6.0B in FY2025 versus ¥3.7B in FY2021, a compound +13.1%/yr. Reported net income was ¥2.6B in FY2025, compounding +12.6%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.0B CNY
Latest YoY
+7.3%
Avg. growth/yr (3Y)
+7.8%
Avg. growth/yr (5Y)
+17.0%
Avg. growth/yr (13Y)
+26.3%
Revenue +13.1%/yr
FY21 ¥3.7B
FY22 ¥4.8B
FY23 ¥4.3B
FY24 ¥5.6B
FY25 ¥6.0B
Net income +12.6%/yr
FY21 ¥1.6B
FY22 ¥2.2B
FY23 ¥2.0B
FY24 ¥2.6B
FY25 ¥2.6B

300628 screens 22% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Yealink Network Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300628

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Communication Equipment · 290 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 80 · Top 25%
Fair Value upside −22% · Above median
Return on equity (TTM) 28% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 43% · Top 25%
Operating margin (TTM) 49% · Top 25%
Revenue growth 19% · Above median
Dividend yield (TTM) 5.3% · Top 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 15.6× · Cheaper than 75% of peers
P/B 4.51× · Pricier than 75% of peers
P/S (TTM) 6.73× · Pricier than 75% of peers
P/FCF 3.5× · Cheaper than median
EV/EBITDA 14.5× · Cheaper 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.

VALUE 3 · sector 0
FUTURE 94 · sector 30
PAST 100 · sector 15
HEALTH 0 · sector 98
DIVIDEND 100 · sector 24

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Yealink Network Technology Co (300628) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥30.41 versus a price of ¥39.18, about −22% (overvalued).
What is the fair value of 300628?
Our model-based fair value for Yealink Network Technology Co is ¥30.41 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥39.18.
What is the quality score of 300628?
Yealink Network Technology Co has a Quality Score of 80/100. 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 Yealink Network Technology Co (300628)?
Yealink Network Technology Co reported trailing-twelve-month revenue of about 6.3B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300628?
The net profit margin of Yealink Network Technology Co is about 43.0%, meaning it keeps roughly 43.0% of revenue as net income. Based on the latest reported figures.
Does Yealink Network Technology Co pay a dividend?
Yealink Network Technology Co currently shows a dividend yield of about 5.29% relative to its recent price (as of Jul 9, 2026).

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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