North Navigation Control Technology Co Ltd (600435) Fair Value & Analysis
Industrials · CN · Market cap 15.9B CNY (≈ $2.4B) · ISIN CNE000001F88
What is North Navigation Control Technology Co Ltd really worth?
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Below-average quality, and trading another 754% above our fair value of ¥1.36.
Risks
For context
Fair value as of: Aug 13, 2026
From 17 valuation models · updated 21 days ago
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 (¥1.69). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (48/100) 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 Aug 13, 2026.
How to read this chart
60‑month range ¥7.01 – ¥21.87 · fair‑value band ¥1.02 – ¥1.69 · the ¥11.61 price screens above the ¥1.36 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
North Navigation Control Technology Co Ltd (600435) currently trades at ¥11.61, while our model-based Fair Value estimate is ¥1.36, implying the stock looks roughly 754.0% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥1.95 per share, and 0 of the 17 models we run sit above the ¥11.61 price. Bear case: the Dividend Discount group reads lowest at ¥0.3200, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, North Navigation Control Technology Co Ltd generated revenue of 4.3B CNY at a net margin of 2.9%. Revenue grew 22.7% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of 459M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥1.02 (bear case) to ¥1.69 (bull case); at ¥11.61, 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 49% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −88%, 600435 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 ¥0.0372 per share, which is 2.7 % 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.
All 17 models by family
Widest divergence: DCF Models (¥1.95) versus Dividend Discount (¥0.3200). Highest evidence: Owner Earnings (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 28
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
North Navigation Control Technology Co.,Ltd. provides military and civilian products in China. The company offers navigation control and ammunition information technology which covers guidance, navigation, detection, environmental, and stability control; satellite and ground communications; electrical connectors; unmanned patrol aircraft; and other products …
Full company description
North Navigation Control Technology Co.,Ltd. provides military and civilian products in China. The company offers navigation control and ammunition information technology which covers guidance, navigation, detection, environmental, and stability control; satellite and ground communications; electrical connectors; unmanned patrol aircraft; and other products and technologies, as well as special vehicles. North Navigation Control Technology Co.,Ltd. was formerly known as China North Optical-Electrical Technology Co., Ltd. and changed its name to North Navigation Control Technology Co.,Ltd. in April 2012. The company was founded in 2000 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
North Navigation Control Technology Co Ltd reported revenue of 4.2B CNY in FY2025 versus 4.0B CNY in FY2021, a compound +1.1%/yr. Reported net income was 121M CNY in FY2025, compounding −2.5%/yr from FY2021.
of which total revenue +7.5 % · buybacks/dilution −0.3 %
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).
600435 screens 754% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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 Specialty Industrial Machinery median · lower = cheaper
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.
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.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $953.09 | $131.95 | −86% |
| SIE SIE | €289.85 | €139.77 | −52% |
| Eaton Corporation ETN | $402.78 | $168.65 | −58% |
| Parker-Hannifin Corporation PH | $995.02 | $398.69 | −60% |
| Atlas Copco AB ATCOA | kr 206.60 | kr 112.59 | −46% |
| Cummins Inc CMI | $564.40 | $348.94 | −38% |
| Illinois Tool Works Inc ITW | $281.67 | $145.84 | −48% |
| Emerson Electric Co EMR | $155.18 | $58.44 | −62% |
| AMETEK, Inc AME | $236.25 | $125.80 | −47% |
| Rockwell Automation, Inc ROK | $417.53 | $125.76 | −70% |
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