HNA Technology Co Ltd B (900938) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of HNA Technology Co Ltd B $0.37, price $0.23, upside +61.4%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $0.1130 – $0.3060 · fair‑value band $0.2960 – $0.3712 · the $0.2300 price screens below the $0.3712 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 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. The company was formerly known as Tianjin Tianhai Investment Co., Ltd and changed its name to HNA Technology Co.,Ltd. in April 2018.
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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. 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 $0.2300, while our model-based Fair Value estimate is $0.3712, implying the stock looks roughly 38.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $1.79 per share, and 9 of the 9 models we run sit above the $0.2300 price.
Bear case: the Multiples group reads lowest at $0.6000, and 0 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.2960 (bear) to $0.3712 (bull), the price of $0.2300 sits below 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 42/100 (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 $667M · P/S ratio 0.34 · Dividend yield 1.0% · Net margin 6.7% · Return on equity 1.0% · Return on assets (EBIT) 8.4% · Operating margin −1.7% · Revenue (TTM) $1.8B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at 61%, 900938 screens cheaper than that median.
Fair Value models
Bear $0.2960Fair Value $0.3712Bull $0.3712
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.
−42.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−43.6%
Dividend (yield on the price)1.0%
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.−44% vs −8%, 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
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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 · 236 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+61% · Top 25%
Profitability
Return on equity (TTM)1% · Bottom 25%
Return on assets0% · Bottom 25%
Net margin (TTM)4% · Below median
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth84% · Top 25%
Dividend yield (TTM)1.0% · Below median
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 Sep 23, 2026, our model estimates a fair value of $0.3712 versus a price of $0.2300, about +61% upside (undervalued).
What is the fair value of 900938?
Our model-based fair value for HNA Technology Co Ltd B is $0.3712 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.2300.
What is the quality score of 900938?
HNA Technology Co Ltd B has a Quality Score of 42/100. 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 $0.3712 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario $0.2960, optimistic scenario $0.3712. 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 $0.3712, about +61% upside versus a price of $0.2300 (undervalued). Cautious scenario $0.2960, optimistic scenario $0.3712. 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 (latest available figure, as of Sep 23, 2026).
Does HNA Technology Co Ltd B pay a dividend?
HNA Technology Co Ltd B currently shows a dividend yield of about 0.97% relative to its recent price (as of Sep 23, 2026).
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 $0.3712 per share (as of Sep 23, 2026), against a price of $0.2300. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is HNA Technology Co Ltd B stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 900938 trades below its calculated fair value: price $0.2300, fair value $0.3712, a gap of about +61% (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 ($0.2300); the fair value is what the company's own numbers justify ($0.3712). For HNA Technology Co Ltd B the two are $0.1412 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 $667M (market capitalisation, as of Sep 23, 2026). Per share that is $0.2300; our models calculate a fair value of $0.3712 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 $0.2960, base $0.3712, optimistic $0.3712 per share (as of Sep 23, 2026, price $0.2300). 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 Sep 23, 2026): return on equity 1.0%, debt of 0.85 per unit of equity. They feed the Quality Score of 42/100, 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 $0.2300, about 20% below its 52-week high of $0.2860 and 22% above the low of $0.1890 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3712 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 Sep 23, 2026: price $0.2300, calculated fair value $0.3712 (+61%), Quality Score 42/100, from 9 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 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.3712, 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 14.1 % above its aggregate fair value. HNA Technology Co Ltd B currently trades 61 % 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 Sep 23, 2026 was $0.2300. Our model-based fair value is $0.3712, about +61% 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?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($0.2960). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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 $667M. 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 0.34 (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 1.0%. 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 −1.7% (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 +84.2% 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 −69.6% 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 (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 net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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