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Primeton Information Technologies, Inc (688118) Fair Value & Analysis

Technology · CN · Market cap 2.1B CNY

PI Primeton Information Technologies, Inc 688118 · SHG
Price¥21.00
Fair Value¥10.83
Upside-48.4%
Quality61/100
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Mixed Growth
Thin margins · 1.8% net margin
generates free cash flow
1.39% dividend yield
Trails peers (2/12)
Narrow moat 18/100
Evidence: High Range ¥9.81 – ¥13.53 Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥2.40 to ¥10.83 (+351.3%) since Jun 24, 2026. Share price +1.0% 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 (¥13.53). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥39.55 ¥11.42 Fair Value ¥10.83 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥11.42 – ¥39.55 · fair‑value band ¥9.81 – ¥13.53 · the ¥21.00 price screens above the ¥10.83 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Primeton Information Technologies, Inc (688118) currently trades at ¥21.00, while our model-based Fair Value estimate is ¥10.83, implying the stock looks roughly 48.4% overvalued today. The Quality Score stands at 61/100 (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, Primeton Information Technologies, Inc generated revenue of 331M CNY at a net margin of 1.8%. Revenue declined 22.9% year over year. It earns a return on equity of 0.7%. The balance sheet holds a net cash position of 344M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥9.81 (bear case) to ¥13.53 (bull case); at ¥21.00, 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 48% below its 52-week high and 4% 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 -48%, 688118 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.7200 to ¥6.26). Read the values as a conservative anchor, not as a price target.
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
Residual Income ¥6.30 ¥5.90 ¥4.16 76
Growth DCF ¥1.90 ¥2.14 ¥2.54 72
Gordon GGM ¥1.30 ¥1.41 ¥1.59 70
All 24 models by family
DCF Models
FCF DCF ¥1.87 ¥2.12 ¥2.57 38
Owner Earnings ¥1.99 ¥2.29 ¥2.82 31
5Y Revenue Exit ¥1.63 ¥1.78 ¥2.00 39
5Y EBITDA Exit ¥2.08 ¥2.56 ¥3.20 41
5Y P/E Exit ¥2.07 ¥2.53 ¥3.09 38
10Y Revenue Exit ¥1.71 ¥1.84 ¥1.97 36
10Y EBITDA Exit ¥1.99 ¥2.32 ¥2.67 37
10Y P/E Exit ¥1.98 ¥2.30 ¥2.61 35
Earnings-Based
Graham-Dodd ¥0.5400 ¥0.7200 ¥0.8300 54
EPV ¥1.47 ¥1.51 ¥1.55 59
Dividend Discount
Gordon GGM ¥1.30 ¥1.41 ¥1.59 70
DDM Multi-Stage ¥1.30 ¥1.63 ¥2.06 61
Multiples
P/E Multiple ¥1.20 ¥1.60 ¥2.00 63
P/S Multiple ¥1.02 ¥1.36 ¥1.70 58
P/B Multiple ¥1.02 ¥1.36 ¥1.70 55
EV/EBIT ¥1.66 ¥1.82 ¥1.98 53
EV/EBITDA ¥2.40 ¥2.81 ¥3.22 54
EV/Revenue ¥1.50 ¥1.64 ¥1.78 43
Asset-Based
NCAV (Graham) ¥4.68 ¥6.26 ¥9.35 50
Growth DCF
Growth DCF ¥1.90 ¥2.14 ¥2.54 72
Rev-Margin DCF ¥1.63 ¥1.80 ¥2.01 67
Economic Profit
Residual Income ¥6.30 ¥5.90 ¥4.16 76
ROIC Compounder ¥1.47 ¥1.51 ¥1.55 67
Growth Earnings
Growth-Adj P/E ¥0.8500 ¥1.21 ¥1.58 68

Widest divergence: Asset-Based (¥6.26) versus Earnings-Based (¥0.7200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 331M CNY
Revenue growth (YoY) -22.9%
Net margin 1.8%
Return on equity 0.7%
Free cash flow 7.0M CNY FY2025
P/E ratio 314.1
More key figures
Operating margin -123%
EPS (TTM) ¥0.0700
Dividend yield 1.4%
EPS growth (YoY) -31.4%
Net cash 344M CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 27

Profitability 28
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 84
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

Primeton Information Technologies, Inc. provides software infrastructure platform products and solutions in China. The company offers intelligent low-code platform, such as microservices platform, business process platform, development and operation integrated platform; intelligent data center, including metadata management platform, master data management …

Full company description

Primeton Information Technologies, Inc. provides software infrastructure platform products and solutions in China. The company offers intelligent low-code platform, such as microservices platform, business process platform, development and operation integrated platform; intelligent data center, including metadata management platform, master data management platform, big data development platform, data asset management platform, data resource catalog software, data sharing service platform; and intelligent middleware comprises application server middleware, enterprise service bus middleware, file transfer middleware, message middleware, and data exchange platform middleware. It also provides Digital application solutions for finance and large enterprises. Primeton Information Technologies, Inc. was founded in 2003 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Primeton Information Technologies, Inc reported revenue of ¥339M in FY2025 versus ¥436M in FY2021, a compound −6.1%/yr. Reported net income was ¥7.5M in FY2025, compounding −33.9%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
339M CNY
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.
−1.3%
Avg. 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.
+1.2%
Avg. growth/yr (11Y) 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.
+12.5%
Revenue −6.1%/yr
FY21 ¥436M
FY22 ¥425M
FY23 ¥481M
FY24 ¥420M
FY25 ¥339M
Net income −33.9%/yr
FY21 ¥39.1M
FY22 ¥1.2M
FY23 −¥15.7M
FY24 ¥6.5M
FY25 ¥7.5M

688118 screens 48% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Primeton Information Technologies, Inc Fair Value". https://www.fairvalue-calculator.com/stock/688118

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 61 · Above median
Fair Value upside −48% · Below median
Return on equity (TTM) 1% · Below median
Return on assets -1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -123% · Bottom 25%
Revenue growth -23% · Bottom 25%
Dividend yield (TTM) 1.4% · Above median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 314.1× · Pricier than 75% of peers
P/B 2.35× · Pricier than median
P/S (TTM) 6.20× · Pricier than 75% of peers
P/FCF 43.5× · Pricier than 75% of peers

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 0 · sector 38
PAST 3 · sector 13
HEALTH 0 · sector 98
DIVIDEND 28 · 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 12, 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 Primeton Information Technologies, Inc (688118) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥10.83 versus a price of ¥21.00, about −48% (overvalued).
What is the fair value of 688118?
Our model-based fair value for Primeton Information Technologies, Inc is ¥10.83 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥21.00.
What is the quality score of 688118?
Primeton Information Technologies, Inc has a Quality Score of 61/100. 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 Primeton Information Technologies, Inc (688118)?
Primeton Information Technologies, Inc reported trailing-twelve-month revenue of about 331M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688118?
The net profit margin of Primeton Information Technologies, Inc is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.
Does Primeton Information Technologies, Inc pay a dividend?
Primeton Information Technologies, Inc currently shows a dividend yield of about 1.39% relative to its recent price (as of Jul 12, 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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