CETC Digital Technology Co (600850) Fair Value & Analysis
Technology · CN · Market cap 12.6B CNY
Fair value as of: Aug 8, 2026
From 23 valuation models · updated 2 days ago
Fair value updated Aug 8, 2026, revised from ¥9.67 to ¥8.06 (−16.6%) since Jul 11, 2026. Share price +4.3% over the past month.
A solid business, but screening 48% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥10.07). The favourable scenario is already priced in.
- Solid but not exceptional quality (53/100) 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 8, 2026.
How to read this chart
60‑month range ¥13.62 – ¥35.38 · fair‑value band ¥6.04 – ¥10.07 · the ¥15.43 price screens above the ¥8.06 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
CETC Digital Technology Co (600850) currently trades at ¥15.43, while our model-based Fair Value estimate is ¥8.06, implying the stock looks roughly 47.8% overvalued today. The Quality Score stands at 53/100 (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, CETC Digital Technology Co generated revenue of 10.8B CNY at a net margin of 2.8%. Revenue grew 2.0% year over year. It earns a return on equity of 6.0%. The balance sheet holds a net cash position of 1.4B CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥6.04 (bear case) to ¥10.07 (bull case); at ¥15.43, 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 57% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -48%, 600850 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.
All 23 models by family
Widest divergence: DCF Models (¥9.82) versus Asset-Based (¥4.01). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 22
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
CETC Digital Technology Co.,Ltd. provides software and information technology services in China. It operates through the Digital Products, Industry Digitalization, and Digital New Infrastructure segments.
Full company description
CETC Digital Technology Co.,Ltd. provides software and information technology services in China. It operates through the Digital Products, Industry Digitalization, and Digital New Infrastructure segments. The company provides software and hardware products, including embedded computers, signal processing, high-speed network switching, data recording storage, and information processing products, which are used in radar communications, manufacturing, industrial control, rail transportation, civil aviation, financial technology, and other industries, as well as for general units and enterprises in aviation, aerospace, shipbuilding, electronics, electricity, and transportation industries. It offers digital intelligence application software; digital infrastructure solutions and products for banks, securities, insurance, internet finance, and regulators; infrastructure and ICT solutions for domestic telecom operators and foreign operators; and network and data center infrastructure for internet companies. In addition, the company offers digital solutions, such as smart production lines, wireless warehousing, industrial control, and smart retail for commercial and manufacturing enterprises; and urban governance, digital water conservancy, digital transportation, smart medical care, and digital energy for party, government, and public services, as well as consulting and design, general contracting management, engineering construction, operation and maintenance support, industry testing, and other services in the fields of data centers and building intelligence. The company was formerly known as Shanghai East-China Computer Co.,Ltd. The company was founded in 1993 and is based in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CETC Digital Technology Co reported revenue of ¥10.7B in FY2025 versus ¥9.5B in FY2021, a compound +3.2%/yr. Reported net income was ¥329M in FY2025, compounding −4.7%/yr from FY2021.
600850 screens 48% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 368 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 Software - Infrastructure 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.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
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Frequently asked questions
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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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