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Shanghai New Centurion Network Information Technology Co Ltd (605398) Fair Value & Analysis

Technology · CN · Market cap 3.4B CNY (≈ $510M) · ISIN CNE100004BZ2

What is Shanghai New Centurion Network Information Technology Co Ltd really worth?

SN Shanghai New Centurion Network Information Technology Co Ltd 605398 · SHG
Price¥24.24
Fair Value¥2.78
Upside−88.5%
Quality64/100

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.

A solid business, but trading 772% above our fair value of ¥2.78.

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Strengths

generates free cash flow

Risks

!Weak Growth (revenue 5y −0.5 %/yr)
!Thin margins · 2.5% net margin
!Trails peers (1/12)
!Narrow moat 27/100
!Evidence only low, so the estimate is less certain
!Weak on future: 7 out of 100
!Weak on past: 5 out of 100

For context

·0.12% dividend yield
Evidence: Low Range ¥2.08 – ¥3.47

Fair value as of: Aug 19, 2026

From 24 valuation models · updated 16 days ago

Share price +15.2% 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 (¥3.47). 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 (64/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥52.68 ¥10.07 Fair Value ¥2.78 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ¥10.07 – ¥52.68 · fair‑value band ¥2.08 – ¥3.47 · the ¥24.24 price screens above the ¥2.78 fair value. Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Shanghai New Centurion Network Information Technology Co Ltd (605398) currently trades at ¥24.24, while our model-based Fair Value estimate is ¥2.78, implying the stock looks roughly 771.8% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥10.99 per share, and 0 of the 24 models we run sit above the ¥24.24 price. Bear case: the Earnings-Based group reads lowest at ¥1.29, and 24 of the 24 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Shanghai New Centurion Network Information Technology Co Ltd generated revenue of 548M CNY at a net margin of 2.5%. Revenue grew 1.4% year over year. It earns a return on equity of 1.3%. The balance sheet holds a net cash position of 775M CNY. Fundamentals as of Aug 19, 2026

Our scenario range runs from ¥2.08 (bear case) to ¥3.47 (bull case); at ¥24.24, 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 38% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 69% fair-value upside, at −89%, 605398 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 ¥0.0406 per share, which is 1.5 % 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
FCF DCF best evidence ¥13.87 ¥16.78 ¥21.30 80
Growth DCF ¥14.13 ¥16.91 ¥20.96 77
Residual Income ¥4.34 ¥4.02 ¥2.99 76
All 24 models by family
DCF Models
FCF DCF best evidence ¥13.87 ¥16.78 ¥21.30 80
Owner Earnings ¥7.08 ¥7.57 ¥8.33 75
5Y Revenue Exit ¥9.14 ¥9.56 ¥10.05 71
5Y EBITDA Exit ¥9.61 ¥10.36 ¥11.23 74
5Y P/E Exit ¥9.97 ¥10.99 ¥12.07 69
10Y Revenue Exit ¥10.93 ¥11.59 ¥12.23 66
10Y EBITDA Exit ¥11.22 ¥12.11 ¥13.02 67
10Y P/E Exit ¥11.44 ¥12.52 ¥13.59 63
Earnings-Based
Graham-Dodd ¥0.6700 ¥1.29 ¥1.61 66
EPV ¥6.09 ¥6.15 ¥6.20 70
Dividend Discount
Gordon GGM ¥0.1300 ¥0.1800 ¥0.2200 69
DDM Multi-Stage ¥0.1300 ¥0.1800 ¥0.2300 67
Multiples
P/E Multiple ¥2.08 ¥2.78 ¥3.47 63
P/S Multiple ¥1.26 ¥1.69 ¥2.11 58
P/B Multiple ¥1.26 ¥1.69 ¥2.11 55
EV/EBIT ¥6.70 ¥7.03 ¥7.36 63
EV/EBITDA ¥7.12 ¥7.59 ¥8.06 64
EV/Revenue ¥6.22 ¥6.43 ¥6.64 52
Asset-Based
NCAV (Graham) ¥3.18 ¥4.27 ¥6.37 51
Growth DCF
Growth DCF ¥14.13 ¥16.91 ¥20.96 77
Rev-Margin DCF ¥9.14 ¥9.74 ¥10.52 71
Economic Profit
Residual Income ¥4.34 ¥4.02 ¥2.99 76
ROIC Compounder ¥6.09 ¥6.15 ¥6.20 70
Growth Earnings
Growth-Adj P/E ¥1.48 ¥2.11 ¥2.74 67

Widest divergence: DCF Models (¥10.99) versus Dividend Discount (¥0.1800). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 269.3
P/S ratio 7.95 P/E × margin
EPS (TTM) ¥0.0900 price ÷ EPS = P/E 269.3
Dividend yield 0.1% payout 33.3%
Net margin 3.0% FY2025
Return on equity 1.3% TTM
More key figures
Profitability
Return on assets (EBIT) 3.8% avg 5y
Operating margin 2.7% TTM
Growth
Revenue (TTM) 548M CNY TTM
Revenue growth (YoY) +1.4% 3y avg −3.8%
EPS growth (YoY) −33.3%
Balance sheet & cash flow
Free cash flow 135M CNY FY2025
Net cash 775M CNY FY2024

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 67 · Market factors (momentum, volatility) 31

Profitability 26
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 96
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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.

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

Shanghai New Centurion Network Information Technology Co., Ltd. provides IT data center operation and maintenance products and services in China.

Full company description

Shanghai New Centurion Network Information Technology Co., Ltd. provides IT data center operation and maintenance products and services in China. The company offers ZnAiops intelligent operation and management, automated operation and maintenance management, agile ITSM service management, unified intelligent monitoring, big data log analysis, application release management, CMDB IT asset management, and an intelligent middle platform, as well as an operation and maintenance brain, a panoramic observation solution. It also provides database ecosystem services, such as ZnSQL heterogeneous database intelligent management platform, SQL audit management platform, integrated batch processing data platform, data governance platform, data visualization, data asset management, NewSQL database cloud management platform, and domestic IT database solutions. In addition, the company offers fintech digital employee solutions, digital operations and maintenance solutions for the financial industry, SRE operation and maintenance solutions for the insurance industry, unified operation and maintenance solutions for large enterprises, enhancing IT service capabilities in smart manufacturing, smart campus solutions, cloud migration solutions, DevOps solutions, and data center emergency switchover solutions. The company was founded in 2006 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai New Centurion Network Information Technology Co Ltd reported revenue of 547M CNY in FY2025 versus 591M CNY in FY2021, a compound −2.0%/yr. Reported net income was 16.1M CNY in FY2025, compounding −30.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
547M CNY
Latest YoY
+2.5%
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.
−3.8%
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.
−0.5%
Avg. revenue growth/yr (9Y) 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.
+7.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−35.0% (−35.1 + 0.1)
Revenue −2.0%/yr
FY21 591M CNY
FY22 613M CNY
FY23 637M CNY
FY24 533M CNY
FY25 547M CNY
Net income −30.5%/yr
FY21 69.3M CNY
FY22 57.0M CNY
FY23 59.6M CNY
FY24 21.4M CNY
FY25 16.1M CNY

605398 screens 772% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Shanghai New Centurion Network Information Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/605398

Peer Group

Information Technology Services · 497 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 64 · Top 25%
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 269.3× · Pricier than 75% of peers
P/B 3.30× · Pricier than median
P/S (TTM) 6.24× · Pricier than 75% of peers
P/FCF 3.8× · Pricier than median

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 35
FUTURE7 · sector 31
PAST5 · sector 34
HEALTH0 · sector 97
DIVIDEND2 · sector 36

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.59 $175.76 −25%
Accenture plc ACN $189.61 $334.27 +76%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,156 ₹1,958 +69%
HCL Technologies Limited HCLTECH ₹1,282 ₹1,722 +34%
Fiserv, Inc FI C$5.13 C$8.07 +57%
Wipro Limited WIT $1.83 $3.51 +92%
Fidelity National Information Services, Inc FIS $41.34 $19.28 −53%
Cognizant Technology Solutions Corporation CTSH $64.04 $132.01 +106%
Capgemini SE CAP €109.45 €222.79 +104%

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Frequently asked questions

Is Shanghai New Centurion Network Information Technology Co Ltd (605398) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ¥2.78 versus a price of ¥24.24, about −89% upside (overvalued).
What is the fair value of 605398?
Our model-based fair value for Shanghai New Centurion Network Information Technology Co Ltd is ¥2.78 (as of Aug 19, 2026), built from audited fundamentals. The current price: ¥24.24.
What is the quality score of 605398?
Shanghai New Centurion Network Information Technology Co Ltd has a Quality Score of 64/100. 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 Shanghai New Centurion Network Information Technology Co Ltd (605398)?
Shanghai New Centurion Network Information Technology Co Ltd reported trailing-twelve-month revenue of about 548M CNY (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 605398?
The net profit margin of Shanghai New Centurion Network Information Technology Co Ltd is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does Shanghai New Centurion Network Information Technology Co Ltd pay a dividend?
Shanghai New Centurion Network Information Technology Co Ltd currently shows a dividend yield of about 0.12% relative to its recent price (as of Aug 19, 2026).
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