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Shenzhen Phoenix Telecom Technology Co. Ltd. (301191) Fair Value & Analysis

Technology · CN · Market cap 10.0B CNY (≈ $1.5B) · ISIN CNE100005CL7

What is Shenzhen Phoenix Telecom Technology Co. Ltd. really worth?

SP Shenzhen Phoenix Telecom Technology Co. Ltd. 301191 · SHE
Price¥83.09
Fair Value¥30.81
Upside−62.9%
Quality42/100

Below-average quality, and trading another 170% above our fair value of ¥30.81.

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Risks

!Weak Growth (revenue 5y +3.2 %/yr)
!Thin margins · 3.7% net margin
!negative free cash flow
!Trails peers (3/11)
!Narrow moat 28/100
!Evidence only low, so the estimate is less certain
!Weak on past: 17 out of 100
!Weak on dividend: 3 out of 100

For context

·0.17% dividend yield
Evidence: Low Range ¥23.45 – ¥32.87

Fair value as of: Aug 20, 2026

From 15 valuation models · updated 16 days ago

Fair value updated Aug 20, 2026, revised from ¥17.09 to ¥30.81 (+80.3%) since Aug 13, 2026. Share price −7.9% 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 (¥32.87). The favourable scenario is already priced in.
  • Weak quality (42/100) 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.

Price vs Fair Value (4 years)

¥135.01 ¥35.01 Fair Value ¥30.81 May 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

51‑month range ¥35.01 – ¥135.01 · fair‑value band ¥23.45 – ¥32.87 · the ¥83.09 price screens above the ¥30.81 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Shenzhen Phoenix Telecom Technology Co. Ltd. (301191) currently trades at ¥83.09, while our model-based Fair Value estimate is ¥30.81, implying the stock looks roughly 169.7% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥25.73 per share, and 0 of the 15 models we run sit above the ¥83.09 price. Bear case: the Earnings-Based group reads lowest at ¥5.89, and 15 of the 15 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Shenzhen Phoenix Telecom Technology Co. Ltd. generated revenue of 2.0B CNY at a net margin of 3.7%. Revenue grew 65.4% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of 888M CNY. Fundamentals as of Aug 20, 2026

Our scenario range runs from ¥23.45 (bear case) to ¥32.87 (bull case); at ¥83.09, 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 39% below its 52-week high and 52% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −52% fair-value upside, at −63%, 301191 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 ¥0.4260 per share, which is 1.4 % 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.

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
Residual Income ¥12.88 ¥12.72 ¥11.35 74
Owner Earnings ¥21.07 ¥25.73 ¥33.24 73
EPV ¥17.09 ¥17.60 ¥18.06 70
All 15 models by family
DCF Models
Owner Earnings ¥21.07 ¥25.73 ¥33.24 73
Earnings-Based
Graham-Dodd ¥4.56 ¥17.09 ¥23.11 62
Lynch FV ¥4.12 ¥5.89 ¥7.66 59
PEG = 1.0 ¥4.12 ¥5.89 ¥7.66 55
EPV ¥17.09 ¥17.60 ¥18.06 70
Multiples
P/E Multiple ¥14.07 ¥18.76 ¥23.45 63
P/S Multiple ¥8.54 ¥11.39 ¥14.24 58
P/B Multiple ¥8.54 ¥11.39 ¥14.24 55
EV/EBIT ¥20.49 ¥22.66 ¥24.83 63
EV/EBITDA ¥28.83 ¥33.77 ¥38.72 64
EV/Revenue ¥17.28 ¥18.69 ¥20.10 52
Asset-Based
NCAV (Graham) ¥8.68 ¥11.63 ¥17.35 51
Economic Profit
Residual Income ¥12.88 ¥12.72 ¥11.35 74
ROIC Compounder ¥17.09 ¥17.83 ¥19.07 68
Growth Earnings
Growth-Adj P/E ¥9.15 ¥13.07 ¥16.98 65

Widest divergence: DCF Models (¥25.73) versus Earnings-Based (¥5.89). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 107.9
P/S ratio 3.95 P/E × margin
EPS (TTM) ¥0.7700 price ÷ EPS = P/E 107.9
Dividend yield 0.2% payout 18.6%
Net margin 3.7% FY2025
Return on equity 4.3% TTM
More key figures
Profitability
Return on assets (EBIT) 6.5% avg 5y
Operating margin 3.2% TTM
Growth
Revenue (TTM) 2.0B CNY TTM
Revenue growth (YoY) +65.4% 3y avg −9.0%
EPS growth (YoY) +86.7%
Balance sheet & cash flow
Free cash flow −200M CNY FY2025
Net cash 888M CNY FY2024

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 42 · Market factors (momentum, volatility) 47

Profitability 26
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 63
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

Shenzhen Phoenix Telecom Technology Co.,Ltd. engages in the research and development, manufacturing, and sale of network equipment and other communication equipment components. It offers switches, routers, wireless, and automotive electronics products. The company also provides manufacturing services.

Full company description

Shenzhen Phoenix Telecom Technology Co.,Ltd. engages in the research and development, manufacturing, and sale of network equipment and other communication equipment components. It offers switches, routers, wireless, and automotive electronics products. The company also provides manufacturing services. It serves operators, government, finance, education, energy, electricity, transportation, small and medium-sized enterprises, hospitals, and personal consumption markets. The company was founded in 1999 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Phoenix Telecom Technology Co. Ltd. reported revenue of 1.8B CNY in FY2025 versus 2.2B CNY in FY2021, a compound −5.3%/yr. Reported net income was 64.9M CNY in FY2025, compounding −21.3%/yr from FY2021.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
+5.7%
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.
−9.0%
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.
+3.2%
Avg. revenue growth/yr (11Y) 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.
+16.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−12.5% (−12.7 + 0.2)
Revenue −5.3%/yr
FY21 2.2B CNY
FY22 2.4B CNY
FY23 2.1B CNY
FY24 1.7B CNY
FY25 1.8B CNY
Net income −21.3%/yr
FY21 169M CNY
FY22 196M CNY
FY23 144M CNY
FY24 117M CNY
FY25 64.9M CNY
Character of growth · EPS growth decomposed (2014-2024) +22.0 % p.a.
Revenue per share +16.9 %

of which total revenue +20.5 % · buybacks/dilution −3.0 %

EBIT margin +3.6 %
Tax rate +0.8 %
Residual (interest, one-offs) −0.2 %

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).

301191 screens 170% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Shenzhen Phoenix Telecom Technology Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/301191

Peer Group

Communication Equipment · 302 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 42 · Bottom 25%
Fair Value upside −63% · Below median
Return on equity (TTM) 4% · Above median
Return on assets 1% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 65% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 107.9× · Pricier than 75% of peers
P/B 5.98× · Pricier than 75% of peers
P/S (TTM) 5.12× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 39
PAST17 · sector 15
HEALTH0 · sector 98
DIVIDEND3 · sector 22

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $112.15 $61.53 −45%
Zhongji Innolight Co 300308 ¥866.12 ¥171.09 −80%
Foxconn Industrial Internet Co 601138 ¥61.83 ¥28.65 −54%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 −59%
Nokia Oyj NOK $10.21 $3.78 −63%
Motorola Solutions, Inc MSI $491.24 $236.33 −52%
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥400.03 ¥201.38 −50%
Suzhou TFC Optical Communication Co 300394 ¥276.25 ¥43.67 −84%
Telefonaktiebolaget LM Ericsson (publ), ERIC $10.13 $19.85 +96%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD −50%

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Frequently asked questions

Is Shenzhen Phoenix Telecom Technology Co. Ltd. (301191) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ¥30.81 versus a price of ¥83.09, about −63% upside (overvalued).
What is the fair value of 301191?
Our model-based fair value for Shenzhen Phoenix Telecom Technology Co. Ltd. is ¥30.81 (as of Aug 20, 2026), built from audited fundamentals. The current price: ¥83.09.
What is the quality score of 301191?
Shenzhen Phoenix Telecom Technology Co. Ltd. has a Quality Score of 42/100. 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 Shenzhen Phoenix Telecom Technology Co. Ltd. (301191)?
Shenzhen Phoenix Telecom Technology Co. Ltd. reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 301191?
The net profit margin of Shenzhen Phoenix Telecom Technology Co. Ltd. is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Phoenix Telecom Technology Co. Ltd. pay a dividend?
Shenzhen Phoenix Telecom Technology Co. Ltd. currently shows a dividend yield of about 0.17% relative to its recent price (as of Aug 20, 2026).
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