3onedata Co (688618) Fair Value & Analysis

Technology · CN · Market cap 3.4B CNY

A solid business, but screening 59% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥14.94). The favourable scenario is already priced in.
• 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)

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 ¥17.04 – ¥74.68 · fair‑value band ¥8.96 – ¥14.94 · the ¥29.09 price screens above the ¥11.95 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

3onedata Co (688618) currently trades at ¥29.09, while our model-based Fair Value estimate is ¥11.95, implying the stock looks roughly 58.9% overvalued today. The Quality Score stands at 64/100 (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, 3onedata Co generated revenue of 346M CNY at a net margin of 7.9%. Revenue declined 14.9% year over year. It earns a return on equity of 3.2%. The balance sheet holds a net cash position of 257M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥8.96 (bear case) to ¥14.94 (bull case); at ¥29.09, 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 40% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -59%, 688618 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.

Widest divergence: DCF Models (¥10.64) versus Dividend Discount (¥2.41). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

3onedata Co., Ltd. provides industrial communication solution and services in China and internationally. The company offers industrial ethernet and PoE switches; media converters; rail, automation, and power specific devices; WiFi and cellular industrial wireless products; device networking servers and modules; protocol and interface converters; and network …

Full company description

3onedata Co., Ltd. provides industrial communication solution and services in China and internationally. The company offers industrial ethernet and PoE switches; media converters; rail, automation, and power specific devices; WiFi and cellular industrial wireless products; device networking servers and modules; protocol and interface converters; and network management software, as well as device config, virtual COM creating, and network debugging tools. It also provides automation solutions for machine building, automotive, and food and beverage industries; transportation solutions for railway, expressway, and habor and airport industries; security solutions for smart city, tunnel, and outdoor video surveillance industries; and renewable energy solutions. The company was founded in 2001 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

3onedata Co reported revenue of ¥359M in FY2025 versus ¥254M in FY2021, a compound +9.0%/yr. Reported net income was ¥36.6M in FY2025, compounding −11.8%/yr from FY2021.

688618 screens 59% overvalued. Compare with Cisco Systems, Inc →

Peer Group

Communication Equipment · 290 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 Communication Equipment 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.

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Frequently asked questions

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.