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Xi'an NovaStar Tech Co (301589) Fair Value & Analysis

Technology · CN · Market cap 13.8B CNY

XA Xi'an NovaStar Tech Co 301589 · SHE
Price¥144.44
Fair Value¥174.63
Upside+20.9%
Quality58/100
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Healthy Growth
Solidly profitable · 16.2% net margin
Low debt · generates free cash flow
0.99% dividend yield
Ranks above peers (10/14)
Moderate moat 63/100
Evidence: High Range ¥106.92 – ¥216.44 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥178.04 to ¥174.63 (−1.9%) since Jun 24, 2026. Share price +3.8% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥106.92 to ¥216.44) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

¥260.33 ¥129.95 Fair Value ¥174.63 Feb 2024 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

30‑month range ¥129.95 – ¥260.33 · fair‑value band ¥106.92 – ¥216.44 · the ¥144.44 price screens below the ¥174.63 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Xi'an NovaStar Tech Co (301589) currently trades at ¥144.44, while our model-based Fair Value estimate is ¥174.63, implying the stock looks roughly 20.9% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Xi'an NovaStar Tech Co generated revenue of 3.6B CNY at a net margin of 16.2%. Revenue grew 13.8% year over year. It earns a return on equity of 15.4%. The stock trades on a trailing P/E of 23.4. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥106.92 (bear case) to ¥216.44 (bull case); at ¥144.44, 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 34% 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 -73% fair-value upside, at 21%, 301589 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
Growth DCF ¥89.83 ¥156.51 ¥272.53 80
Residual Income ¥42.21 ¥55.56 ¥160.27 76
Rev-Margin DCF ¥85.83 ¥147.59 ¥229.74 74
All 24 models by family
DCF Models
FCF DCF ¥91.04 ¥165.49 ¥299.81 38
Owner Earnings ¥90.78 ¥164.99 ¥298.89 31
5Y Revenue Exit ¥85.83 ¥149.66 ¥238.00 39
5Y EBITDA Exit ¥113.93 ¥209.16 ¥331.82 41
5Y P/E Exit ¥119.13 ¥220.16 ¥339.08 38
10Y Revenue Exit ¥84.22 ¥146.26 ¥244.97 36
10Y EBITDA Exit ¥105.76 ¥190.54 ¥325.60 37
10Y P/E Exit ¥109.24 ¥198.73 ¥331.85 35
Earnings-Based
Graham-Dodd ¥43.24 ¥219.47 ¥303.14 54
Lynch FV ¥59.64 ¥85.21 ¥110.77 50
PEG = 1.0 ¥59.64 ¥85.21 ¥110.77 46
EPV ¥70.34 ¥80.83 ¥90.01 59
Multiples
P/E Multiple ¥133.53 ¥178.04 ¥222.55 63
P/S Multiple ¥81.07 ¥108.10 ¥135.12 58
P/B Multiple ¥81.07 ¥108.10 ¥135.12 55
EV/EBIT ¥157.98 ¥208.17 ¥258.37 53
EV/EBITDA ¥132.83 ¥174.63 ¥216.44 54
EV/Revenue ¥83.53 ¥116.15 ¥148.78 43
Asset-Based
NCAV (Graham) ¥20.41 ¥27.35 ¥40.82 50
Growth DCF
Growth DCF ¥89.83 ¥156.51 ¥272.53 80
Rev-Margin DCF ¥85.83 ¥147.59 ¥229.74 74
Economic Profit
Residual Income ¥42.21 ¥55.56 ¥160.27 76
ROIC Compounder ¥80.15 ¥107.27 ¥143.34 72
Growth Earnings
Growth-Adj P/E ¥106.16 ¥151.65 ¥197.15 68

Widest divergence: DCF Models (¥165.49) versus Asset-Based (¥27.35). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.6B CNY
Revenue growth (YoY) +13.8%
Net margin 16.2%
Return on equity 15.4%
Free cash flow 578M CNY FY2025
P/E ratio 23.4
More key figures
Operating margin 17.5%
EPS (TTM) ¥6.39
Dividend yield 1.0%
EPS growth (YoY) -4.5%

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 61 · Market factors (momentum, volatility) 32

Profitability 60
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

Xi'an NovaStar Tech Co., Ltd., together with its subsidiaries, designs and develops LED display control solutions in China and internationally.

Full company description

Xi'an NovaStar Tech Co., Ltd., together with its subsidiaries, designs and develops LED display control solutions in China and internationally. The company offers light-emitting diode (LED) control systems; video controllers, AV over IP systems, media servers, video splicing processors, control and video processors, V-Can software, and visual intelligent control platform; and nova cloud products, such as LED playback control processors, mini LED control PC, multi media player, and LCD controller, as well as Nova cloud services. It also provides infinity solution, xR solution, calibrations, rental stage solution, HDR solution, and irregular display solutions; and accessories comprising fiber converter CVT10 pro, fiber converter CVT10, multifunction card MFN300/MFN 300-B, monitoring card MON300, ambient brightness sensor NS060, fiber converter CVT310/CVT320, ambient temperature sensor MTH310, splitter DIS-300, and fiber converter CVT4K-S. The company's products are used for entertainment, digital signage, and rental applications. Xi'an NovaStar Tech Co., Ltd. was founded in 2008 and is headquartered in Xi'an, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xi'an NovaStar Tech Co reported revenue of ¥3.5B in FY2025 versus ¥1.6B in FY2021, a compound +22.0%/yr. Reported net income was ¥588M in FY2025, compounding +29.1%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.5B CNY
Latest YoY
+7.0%
Avg. growth/yr (3Y)
+17.3%
Revenue +22.0%/yr
FY21 ¥1.6B
FY22 ¥2.2B
FY23 ¥3.1B
FY24 ¥3.3B
FY25 ¥3.5B
Net income +29.1%/yr
FY21 ¥212M
FY22 ¥308M
FY23 ¥607M
FY24 ¥593M
FY25 ¥588M

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Cite: Fair Value Calculator (2026). "Xi'an NovaStar Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/301589

Peer Group

Electronic Components · 626 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 58 · Above median
Fair Value upside +21% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 23.4× · Cheaper than median
P/B 3.66× · Pricier than median
P/S (TTM) 3.84× · Pricier than median
P/FCF 3.5× · Pricier than median
EV/EBITDA 18.0× · 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 61 · sector 0
FUTURE 69 · sector 32
PAST 61 · sector 24
HEALTH 97 · sector 95
DIVIDEND 20 · sector 25

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Xi'an NovaStar Tech Co (301589) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥174.63 versus a price of ¥144.44, about +21% (undervalued).
What is the fair value of 301589?
Our model-based fair value for Xi'an NovaStar Tech Co is ¥174.63 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥144.44.
What is the quality score of 301589?
Xi'an NovaStar Tech Co has a Quality Score of 58/100. 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 Xi'an NovaStar Tech Co (301589)?
Xi'an NovaStar Tech Co reported trailing-twelve-month revenue of about 3.6B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301589?
The net profit margin of Xi'an NovaStar Tech Co is about 16.2%, meaning it keeps roughly 16.2% of revenue as net income. Based on the latest reported figures.
Does Xi'an NovaStar Tech Co pay a dividend?
Xi'an NovaStar Tech Co currently shows a dividend yield of about 0.99% 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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