HNA Technology Co Ltd B (900938) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of HNA Technology Co Ltd B stock $0.23, price $0.20, upside +16.0%, quality 43 out of 100. Rating: undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $0.1130 – $0.3060 · fair‑value band $0.1603 – $0.3059 · the $0.2010 price screens below the $0.2331 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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HNA Technology Co.,Ltd., through its subsidiaries, operates dry bulk shipping routes in Southeast Asia, Australia, and the Americas. The company is involved in commodity trading, equity investment, and property management.
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The company was formerly known as Tianjin Tianhai Investment Co., Ltd and changed its name to HNA Technology Co.,Ltd. in April 2018. HNA Technology Co.,Ltd. was founded in 1992 and is based in Tianjin, China.
Stock analysis
HNA Technology Co Ltd B (900938) currently trades at $0.2010, while our model-based Fair Value estimate is $0.2331, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $0.2300 per share, and 4 of the 10 models we run sit above the $0.2010 price.
Bear case: the Earnings-Based group reads lowest at $0.1000, and 6 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: $0.1603 (bear) to $0.3059 (bull), the price of $0.2010 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
HNA Technology Co Ltd B reported revenue of 1.5B CNY in FY2025 versus 172B CNY in FY2021, a compound −69.2%/yr. Reported net income was 103M CNY in FY2025, compounding −57.3%/yr from FY2021.
Key figures
Market cap $583M Small · P/S ratio 0.33 · Dividend yield 0.2% · Net margin 6.7% · Return on equity 1.0% · Return on assets (EBIT) 8.4% (5-year average) · Operating margin 3.0% · Revenue (TTM) 1.8B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 16%, 900938 screens cheaper than that median.
Fair Value models
Bear$0.1603Fair Value $0.2331Bull$0.3059
Price $0.2010 · Upside +16.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income$0.2200$0.2300$0.260074
EV/EBITDA$0.2200$0.2300$0.240067
Growth-Adj P/E$0.1100$0.1600$0.210065
All 11 models by family
Earnings-Based
Graham-Dodd$0.0400$0.2400$0.330061
Lynch FV$0.0700$0.1000$0.130059
PEG = 1.0$0.0700$0.1000$0.130055
Dividend Discount
Gordon GGMn/an/a$0.010063
Multiples
P/E Multiple$0.1100$0.1500$0.190063
P/S Multiple$0.0700$0.0900$0.110058
P/B Multiple$0.1900$0.2500$0.310055
EV/EBITDA$0.2200$0.2300$0.240067
Asset-Based
NCAV (Graham)$0.0900$0.1300$0.160055
Economic Profit
Residual Income$0.2200$0.2300$0.260074
Growth Earnings
Growth-Adj P/E$0.1100$0.1600$0.210065
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+38.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−65.9%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 32 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−43.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−43.6%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−43.6% vs −8.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−3% → −2%
Compare HNA Technology Co Ltd B with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Marine Shipping · 220 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside+16.0% · Above median
Profitability
Return on equity (12 months)1.0% · Bottom 25%
Return on assets1.1% · Bottom 25%
Net margin (12 months)4.3% · Bottom 25%
Operating margin (12 months)3.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)4.4% · Below median
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.85× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Cite: Fair Value Calculator (2026). "HNA Technology Co Ltd B Fair Value". https://www.fairvalue-calculator.com/stock/900938
Frequently asked questions
Is HNA Technology Co Ltd B (900938) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $0.2331 versus a price of $0.2010, about +16% upside (undervalued).
What is the fair value of 900938?
Our model-based fair value for HNA Technology Co Ltd B is $0.2331 (as of Nov 6, 2026), built from audited fundamentals. The current price: $0.2010.
What is the quality score of 900938?
HNA Technology Co Ltd B has a Quality Score of 43/100. 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 price target for HNA Technology Co Ltd B (900938)?
Our model-based price target is the fair value of $0.2331 (as of Nov 6, 2026) from 11 valuation models. Cautious scenario $0.1603, optimistic scenario $0.3059. It is a calculation from audited fundamentals, not an analyst target.
What is the HNA Technology Co Ltd B stock forecast for 2026?
Our models put fair value at $0.2331, about +16% upside versus a price of $0.2010 (undervalued). Cautious scenario $0.1603, optimistic scenario $0.3059. The calculation is refreshed regularly with new filings.
What is the revenue of HNA Technology Co Ltd B (900938)?
HNA Technology Co Ltd B reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Nov 6, 2026).
Does HNA Technology Co Ltd B pay a dividend?
HNA Technology Co Ltd B currently shows a dividend yield of 0.15% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of HNA Technology Co Ltd B (900938) and when is the ex-dividend date?
HNA Technology Co Ltd B pays a dividend of $0.0003 per share a year, a dividend yield of 0.2%. The last ex-dividend date was Jun 22, 2026. The payout ratio is 5.7% of earnings. Our assessment: Token dividend. At a yield of 0.2% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.2% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of HNA Technology Co Ltd B (900938)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HNA Technology Co Ltd B it is $0.2331 per share (as of Nov 6, 2026), against a price of $0.2010. It is the blended result of 11 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is HNA Technology Co Ltd B stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 900938 trades below its calculated fair value: price $0.2010, fair value $0.2331, a gap of about +16% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 900938?
No. The price is what the market pays today ($0.2010); the fair value is what the company's own numbers justify ($0.2331). For HNA Technology Co Ltd B the two are $0.0321 per share apart. That gap is exactly why we show both numbers side by side.
How much is HNA Technology Co Ltd B worth?
The market values HNA Technology Co Ltd B at about $583M (market capitalisation, as of Nov 6, 2026). Per share that is $0.2010; our models calculate a fair value of $0.2331 per share.
What do the bullish and bearish scenarios say about 900938?
Our models span a range for HNA Technology Co Ltd B: cautious scenario $0.1603, base $0.2331, optimistic $0.3059 per share (as of Nov 6, 2026, price $0.2010). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HNA Technology Co Ltd B (900938)?
Balance-sheet figures for HNA Technology Co Ltd B (as of Nov 6, 2026): return on equity 1.0%, debt of 0.85 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 900938 from its 52-week high?
HNA Technology Co Ltd B trades at $0.2010, about 24% below its 52-week high of $0.2630 and 6% above the low of $0.1890 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.2331 is for.
Which stocks are comparable to HNA Technology Co Ltd B?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HNA Technology Co Ltd B stock attractive at the current price?
The data as of Nov 6, 2026: price $0.2010, calculated fair value $0.2331 (+16%), Quality Score 43/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 900938 calculated?
We run HNA Technology Co Ltd B through 11 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $0.2331 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. HNA Technology Co Ltd B currently trades 14% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HNA Technology Co Ltd B (900938)?
The closing price on Nov 6, 2026 was $0.2010. Our model-based fair value is $0.2331, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HNA Technology Co Ltd B right now?
A fairly wide model range ($0.1603 to $0.3059) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of HNA Technology Co Ltd B (900938) come from?
Earnings per share at HNA Technology Co Ltd B grew −3.5 % a year from 2014 to 2024. Broken into its drivers: revenue per share −3.8 %, EBIT margin −1.0 %, tax rate +1.6 %, residual (interest, one-offs) −0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of HNA Technology Co Ltd B
How large is the market capitalisation of HNA Technology Co Ltd B (900938)?
The market capitalisation of HNA Technology Co Ltd B is $583M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HNA Technology Co Ltd B (900938)?
The price-to-sales ratio of HNA Technology Co Ltd B is 0.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of HNA Technology Co Ltd B (900938)?
The dividend yield of HNA Technology Co Ltd B is 0.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HNA Technology Co Ltd B (900938)?
The net margin of HNA Technology Co Ltd B is 6.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HNA Technology Co Ltd B (900938)?
The return on equity (ROE) of HNA Technology Co Ltd B is 1.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HNA Technology Co Ltd B (900938)?
On an EBIT basis the return on assets of HNA Technology Co Ltd B is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HNA Technology Co Ltd B (900938)?
The operating margin of HNA Technology Co Ltd B is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HNA Technology Co Ltd B (900938)?
Revenue at HNA Technology Co Ltd B is growing +4.4% versus a year earlier (3y avg +119%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HNA Technology Co Ltd B (900938)?
Earnings per share at HNA Technology Co Ltd B are growing +11.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HNA Technology Co Ltd B (900938) generate?
The free cash flow of HNA Technology Co Ltd B is −659M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does HNA Technology Co Ltd B (900938) hold?
HNA Technology Co Ltd B holds more cash than debt, 3.4B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026