Wanma Technology Co (300698) Fair Value & Analysis

Technology · CN · Market cap 4.3B CNY

A solid business, but screening 73% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥8.78). The favourable scenario is already priced in.
• Solid but not exceptional quality (60/100) 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 Jul 9, 2026.

How to read this chart

60‑month range ¥11.75 – ¥52.54 · fair‑value band ¥5.10 – ¥8.78 · the ¥25.58 price screens above the ¥7.02 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Wanma Technology Co (300698) currently trades at ¥25.58, while our model-based Fair Value estimate is ¥7.02, implying the stock looks roughly 72.6% overvalued today. The Quality Score stands at 60/100 (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: high).

Over the trailing twelve months, Wanma Technology Co generated revenue of 743M CNY at a net margin of 6.5%. Revenue grew 11.9% year over year. It earns a return on equity of 9.4%. Net debt stands at 62.1M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥5.10 (bear case) to ¥8.78 (bull case); at ¥25.58, 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 56% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -73%, 300698 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.

Widest divergence: DCF Models (¥7.85) versus Dividend Discount (¥0.4100). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Wanma Technology Co., Ltd. engages in the research and development, production, system integration, and sales of communication and medical information equipment.

Full company description

Wanma Technology Co., Ltd. engages in the research and development, production, system integration, and sales of communication and medical information equipment. The company provides communications business products, including mobile base station, optical communication, power distribution, and industry customer products, as well as optical cable products comprising patch panels, junction boxes, fiber splitter boxes, distribution boxes, and optical devices. Its communication products are used in IDC computer rooms, cloud platform construction, communication network, national high-speed rail, rail transit, and various other applications. The company offers medical information products, such as hospital information technology products and medical system software; mobile medical care, mobile doctor, and bedside mobile settlement workstations; operating room smart clothing management system; intelligent consumables management cabinet; narcotics cabinet and smart house; channel identification equipment and monitoring identification device; specimen management system; clinic report workstation; information management system; and medical information terminal products. Wanma Technology Co., Ltd. was founded in 1997 and is headquartered in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wanma Technology Co reported revenue of ¥725M in FY2025 versus ¥498M in FY2021, a compound +9.8%/yr. Reported net income was ¥47.0M in FY2025, compounding +84.5%/yr from FY2021.

300698 screens 73% overvalued. Compare with Cisco Systems, Inc →

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.

Valuation Multiples vs Communication Equipment median · lower = cheaper

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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.