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Nanjing TDH Technology Co (301378) Fair Value & Analysis

Technology · CN · Market cap 2.6B CNY

NT Nanjing TDH Technology Co 301378 · SHE
Price¥26.72
Fair Value¥6.68
Upside-75.0%
Quality22/100
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Weak Growth
Loss-making · -36.1% net margin
negative free cash flow
Trails peers (3/9)
Narrow moat 14/100
Evidence: Low Range ¥4.41 – ¥8.36 Share as image

Fair value as of: Jul 9, 2026

From 1 valuation models · updated 33 days ago

Fair value updated Jul 9, 2026, revised from ¥38.06 to ¥6.68 (−82.4%) since Jun 24, 2026. Share price +12.6% over the past month.

Below-average quality, and screening another 75% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥8.36). The favourable scenario is already priced in.
  • Weak quality (22/100) 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 (¥4.41 to ¥8.36) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

¥56.56 ¥16.38 Fair Value ¥6.68 Mar 2023 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

41‑month range ¥16.38 – ¥56.56 · fair‑value band ¥4.41 – ¥8.36 · the ¥26.72 price screens above the ¥6.68 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Nanjing TDH Technology Co (301378) currently trades at ¥26.72, while our model-based Fair Value estimate is ¥6.68, implying the stock looks roughly 75.0% overvalued today. The Quality Score stands at 22/100 (below-average 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: low).

Over the trailing twelve months, Nanjing TDH Technology Co generated revenue of 378M CNY at a net margin of -36.1%. Revenue grew 14.5% year over year. It earns a return on equity of -10.4%. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥4.41 (bear case) to ¥8.36 (bull case); at ¥26.72, 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 51% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -75%, 301378 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
NCAV (Graham) ¥6.34 ¥8.50 ¥12.69 50
All 1 models by family
Asset-Based
NCAV (Graham) ¥6.34 ¥8.50 ¥12.69 50

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Key figures & financial health

Revenue (TTM) 378M CNY
Revenue growth (YoY) +14.5%
Net margin -36.1%
Return on equity -10.4%
Free cash flow −109M CNY FY2025
Operating margin -54.5%
More key figures
EPS (TTM) ¥-1.42

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

Quality Score breakdown

Overall quality 22/100

Of which business quality 29 · Market factors (momentum, volatility) 19

Profitability 4
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 40
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

Nanjing TDH Technology Co.,Ltd. provides products and solutions in the field of judicial informatization primarily in China.

Full company description

Nanjing TDH Technology Co.,Ltd. provides products and solutions in the field of judicial informatization primarily in China. It offers Digital Court, a smart court application ecosystem that includes referee intelligent assistance, digital audit and supervision, falcon execution intelligent assist, fusion cloud court, finalization management system, and one-stop integrated delivery service solutions, as well as refined supervision solutions for case funds; and Public Security and Legal System that provides digital, data-driven, and intelligent technologies and services to police officers, legal review personnel, and bureau leaders. The company also provides Political and Legal Affairs Comprehensive Management, which offers intelligent assistance to staff of comprehensive governance centers in preventing and resolving social conflicts and disputes, and social security risks; and Discipline Inspection and Supervisory Commission that integrates various business processes of discipline inspection and supervision to create practical intelligent agents and convenient auxiliary tools. In addition, it offers Financial Dispute Resolution, a cross-industry business application collaboration and process re-engineering resolving financial disputes and to help optimizing the business environment; and bankruptcy reorganization solutions. The company serves courts, public security bureaus, political and legal departments, discipline inspection, supervision commission, and judicial administration customers. Nanjing TDH Technology Co.,Ltd. was incorporated in 1995 and is headquartered in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nanjing TDH Technology Co reported revenue of ¥369M in FY2025 versus ¥450M in FY2021, a compound −4.8%/yr. Reported net income was −¥126M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
369M CNY
Latest YoY
−15.8%
Avg. 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.
−7.2%
Revenue −4.8%/yr
FY21 ¥450M
FY22 ¥463M
FY23 ¥549M
FY24 ¥439M
FY25 ¥369M
Net income
FY21 ¥96.9M
FY22 ¥87.2M
FY23 ¥54.5M
FY24 −¥50.3M
FY25 −¥126M

301378 screens 75% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Nanjing TDH Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/301378

Peer Group

Software - Application · 709 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 29 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on assets -4% · Below median
Net margin (TTM) -36% · Bottom 25%
Operating margin (TTM) -55% · Bottom 25%
Revenue growth 15% · Above median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 1.04× · 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 0 · sector 0
FUTURE 73 · sector 38
PAST 0 · sector 13
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

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

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Nanjing TDH Technology Co (301378) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥6.68 versus a price of ¥26.72, about −75% (overvalued).
What is the fair value of 301378?
Our model-based fair value for Nanjing TDH Technology Co is ¥6.68 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥26.72.
What is the quality score of 301378?
Nanjing TDH Technology Co has a Quality Score of 22/100. 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 Nanjing TDH Technology Co (301378)?
Nanjing TDH Technology Co reported trailing-twelve-month revenue of about 378M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301378?
The net profit margin of Nanjing TDH Technology Co is about -36.1%, 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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