Unisplendour Corp Ltd (000938) Fair Value & Analysis
Technology · CN · Market cap 110B CNY (≈ $16.5B) · ISIN CNE0000010T1
What is Unisplendour Corp Ltd really worth?
A solid business, but trading 113% above our fair value of ¥16.52.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from ¥11.79 to ¥16.52 (+40.1%) since Jul 17, 2026. Share price +2.8% over the past month.
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What matters now
- The price sits above even our optimistic bull case (¥22.44). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥12.38 to ¥22.44) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥14.26 – ¥44.90 · fair‑value band ¥12.38 – ¥22.44 · the ¥35.27 price screens above the ¥16.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Unisplendour Corp Ltd (000938) currently trades at ¥35.27, while our model-based Fair Value estimate is ¥16.52, implying the stock looks roughly 113.5% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: the Growth DCF group reads highest at a median of ¥28.64 per share, and 3 of the 26 models we run sit above the ¥35.27 price. Bear case: the Asset-Based group reads lowest at ¥3.45, and 23 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Unisplendour Corp Ltd generated revenue of 104B CNY at a net margin of 2.0%. Revenue grew 34.6% year over year. It earns a return on equity of 15.8%. Net debt stands at 9.2B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥12.38 (bear case) to ¥22.44 (bull case); at ¥35.27, 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 near its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −10% fair-value upside, at −53%, 000938 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 ¥0.4586 per share, which is 2.8 % 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.
All 26 models by family
Widest divergence: Growth DCF (¥28.64) versus Asset-Based (¥3.45). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 70
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
Unisplendour Corporation Limited, a technology company, provides digital and artificial intelligence solutions in China and internationally. The company operates through Digital Business, Distribution Business, and Others segments.
Full company description
Unisplendour Corporation Limited, a technology company, provides digital and artificial intelligence solutions in China and internationally. The company operates through Digital Business, Distribution Business, and Others segments. It provides a full stack of intelligent information and communication infrastructure, including networks, computing, storage, cloud computing, security, and smart terminals, as well as cloud and intelligent platforms, and solutions for digital transformation and intelligent upgrading. The company offers network equipment, including switches, routers, WLAN, SDN, PON, intelligent management and maintenance services; servers comprising general, artificial intelligence, mission-critical, and edge computing servers; and storage products, such as enterprise-grade intelligent all-flash storage, enterprise-grade intelligent hybrid flash storage, distributed storage, data backup and protection, and storage network equipment. It also provides cloud and intelligence products and services that include cloud operating system, virtualization platform, hyper-convergence products, big data platform, and database; proactive security solutions, which consists of firewall, video gateways, anti-DDos, application security, data security, password security products, industrial control security, endpoint security, security management, security testing and auditing, and cloud security; and smart terminals that comprises commercial laptops, commercial desktops, smart cloud screens, and AI workstations. It serves government, telecommunications operators, internet, finance, education, healthcare, agriculture, transportation, energy, manufacturing, and other industries. Unisplendour Corporation Limited was founded in 1999 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Unisplendour Corp Ltd reported revenue of 96.7B CNY in FY2025 versus 67.6B CNY in FY2021, a compound +9.4%/yr. Reported net income was 1.7B CNY in FY2025, compounding −5.9%/yr from FY2021.
of which total revenue +24.1 % · buybacks/dilution −16.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
000938 screens 113% overvalued. Compare with TD SYNNEX Corporation →
Peer Group
Electronics & Computer Distribution · 153 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 Electronics & Computer Distribution median · lower = cheaper
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.
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.
Similar stocks
10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| TD SYNNEX Corporation SNX | $262.53 | $289.83 | +10% |
| Rexel S.A RXL | €35.43 | €32.05 | −10% |
| Arrow Electronics, Inc ARW | $203.92 | $114.08 | −44% |
| Avnet, Inc AVT | $97.31 | $77.07 | −21% |
| WPG Holdings 3702 | 123.50 TWD | 148.26 TWD | +20% |
| Nanjing Sunlord Electronics Corporation 300975 | ¥25.02 | ¥12.34 | −51% |
| Shenzhen Huaqiang Industry Co 000062 | ¥22.20 | ¥7.52 | −66% |
| Insight Enterprises, Inc NSIT | $150.63 | $118.72 | −21% |
| Shenzhen H&T Intelligent Control Co. 002402 | ¥18.95 | ¥20.12 | +6% |
| Topco Scientific Co 5434 | 521.00 TWD | 473.70 TWD | −9% |
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