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NAURA Technology Group Co Ltd (002371) Fair Value & Analysis

Technology · CN · Market cap 562B CNY (≈ $83.9B) · ISIN CNE100000ML7

What is NAURA Technology Group Co Ltd really worth?

NT NAURA Technology Group Co Ltd 002371 · SHE
Price¥638.17
Fair Value¥205.30
Upside−67.8%
Quality50/100

A solid business, but trading 211% above our fair value of ¥205.30.

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Strengths

Solidly profitable · 13.5% net margin

Risks

!Expensive Growth (revenue 5y +45.4 %/yr)
!Low debt · negative free cash flow
!Trails peers (5/13)
!Moderate moat 57/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 2 out of 100

For context

·0.12% dividend yield
Evidence: Medium Range ¥84.11 – ¥253.79

Fair value as of: Aug 25, 2026

From 17 valuation models · updated 11 days ago

Share price −7.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥253.79). The favourable scenario is already priced in.
  • The model range is unusually wide (¥84.11 to ¥253.79). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥934.51 ¥103.90 Fair Value ¥205.30 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range ¥103.90 – ¥934.51 · fair‑value band ¥84.11 – ¥253.79 · the ¥638.17 price screens above the ¥205.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 25, 2026.

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Analysis

NAURA Technology Group Co Ltd (002371) currently trades at ¥638.17, while our model-based Fair Value estimate is ¥205.30, implying the stock looks roughly 210.8% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥377.39 per share, and 0 of the 17 models we run sit above the ¥638.17 price. Bear case: the Asset-Based group reads lowest at ¥34.83, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, NAURA Technology Group Co Ltd generated revenue of 41.5B CNY at a net margin of 13.5%. Revenue grew 25.8% year over year. It earns a return on equity of 13.6%. The balance sheet holds a net cash position of 8.2B CNY. Fundamentals as of Aug 25, 2026

Our scenario range runs from ¥84.11 (bear case) to ¥253.79 (bull case); at ¥638.17, 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 12% below its 52-week high and 115% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −70% fair-value upside, at −68%, 002371 screens cheaper 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 ¥4.73 per share, which is 2.3 % 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.

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
EPV best evidence ¥82.03 ¥95.44 ¥107.37 74
ROIC Compounder ¥112.31 ¥169.32 ¥214.17 71
Owner Earnings ¥114.85 ¥261.03 ¥581.62 70
All 17 models by family
DCF Models
Owner Earnings ¥114.85 ¥261.03 ¥581.62 70
Earnings-Based
Graham-Dodd ¥51.74 ¥360.85 ¥506.40 63
Lynch FV ¥181.95 ¥259.93 ¥337.91 61
PEG = 1.0 ¥181.95 ¥259.93 ¥337.91 57
EPV best evidence ¥82.03 ¥95.44 ¥107.37 74
Dividend Discount
Gordon GGM ¥11.37 ¥24.83 ¥41.77 65
DDM Multi-Stage ¥11.37 ¥20.34 ¥25.87 66
Multiples
P/E Multiple ¥159.80 ¥213.06 ¥266.33 63
P/S Multiple ¥97.02 ¥129.36 ¥161.70 58
P/B Multiple ¥97.02 ¥129.36 ¥161.70 55
EV/EBIT ¥163.11 ¥215.47 ¥267.83 66
EV/EBITDA ¥151.48 ¥199.97 ¥248.46 67
EV/Revenue ¥85.43 ¥119.47 ¥153.51 54
Asset-Based
NCAV (Graham) ¥25.99 ¥34.83 ¥51.99 54
Economic Profit
Residual Income ¥52.94 ¥72.48 ¥254.23 64
ROIC Compounder ¥112.31 ¥169.32 ¥214.17 71
Growth Earnings
Growth-Adj P/E ¥264.17 ¥377.39 ¥490.61 67

Widest divergence: Growth Earnings (¥377.39) versus Dividend Discount (¥20.34). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 82.7
P/S ratio 11.6 P/E × margin
EPS (TTM) ¥7.72 price ÷ EPS = P/E 82.7
Dividend yield 0.1% payout 9.9%
Net margin 14.0% FY2025
Return on equity 13.6% TTM
More key figures
Profitability
Return on assets (EBIT) 7.2% avg 5y
Operating margin 18.2% TTM
Growth
Revenue (TTM) 41.5B CNY TTM
Revenue growth (YoY) +25.8% 3y avg +38.9%
EPS growth (YoY) +2.8%
Balance sheet & cash flow
Free cash flow −128M CNY FY2025
Net cash 8.2B CNY FY2024

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 73

Profitability 45
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 75
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.

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

NAURA Technology Group Co., Ltd. engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China. It operates through Semiconductor Equipment, Vacuum New Energy Equipment, and Precision Component segments.

Full company description

NAURA Technology Group Co., Ltd. engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China. It operates through Semiconductor Equipment, Vacuum New Energy Equipment, and Precision Component segments. The company offers semiconductor process equipment including etching, thin film deposition, thermal processing, wet cleaning, ion implantation, coating and developing, and bonding which are used in the manufacturing of integrated circuits, power semiconductors, 3D integration and advanced packaging, compound semiconductors, and new displays. It also provides vacuum new energy equipment, which includes crystal growth, vacuum heat treatment, atmosphere-protected heat treatment, continuous heat treatment, plasma-enhanced chemical vapor deposition, diffusion oxidation annealing, magnetron sputtering coating, low-pressure chemical vapor deposition, multi-arc ion plating, and metal bipolar plate coating equipment that are used in material heat treatment, vacuum electronics, semiconductor materials, magnetic materials, and new energy fields. In addition, the company offers precision components including precision resistors, new capacitors, ultra-high voltage ceramic capacitors, quartz crystal devices, quartz microelectromechanical sensors, analog chips, modular power supplies, microwave components, inductors and transformers, and high-performance magnetic materials which are used in power electronics, rail transportation, smart grids, precision instruments, and automatic control applications. The company was formerly known as Beijing Sevenstar Electronics Co., Ltd. and changed its name to NAURA Technology Group Co., Ltd. in February 2017. NAURA Technology Group Co., Ltd. was founded in 2001 and is headquartered in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NAURA Technology Group Co Ltd reported revenue of 39.4B CNY in FY2025 versus 9.7B CNY in FY2021, a compound +42.0%/yr. Reported net income was 5.5B CNY in FY2025, compounding +50.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
39.4B CNY
Latest YoY
+31.9%
Avg. revenue 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.
+38.9%
Avg. revenue 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.
+45.4%
Avg. revenue growth/yr (20Y) 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.
+25.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+56.7% (56.6 + 0.1)
Revenue +42.0%/yr
FY21 9.7B CNY
FY22 14.7B CNY
FY23 22.1B CNY
FY24 29.8B CNY
FY25 39.4B CNY
Net income +50.5%/yr
FY21 1.1B CNY
FY22 2.4B CNY
FY23 3.9B CNY
FY24 5.6B CNY
FY25 5.5B CNY
Character of growth · EPS growth decomposed (2013-2024) +41.4 % p.a.
Revenue per share +29.9 %

of which total revenue +40.0 % · buybacks/dilution −7.2 %

EBIT margin +7.3 %
Tax rate +2.0 %
Residual (interest, one-offs) −0.6 %

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).

002371 screens 211% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "NAURA Technology Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002371

Peer Group

Semiconductor Equipment & Materials · 213 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 50 · Below median
Fair Value upside −68% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 13% · Above median
Operating margin (TTM) 18% · Above median
Revenue growth 26% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 82.7× · Pricier than median
P/B 14.89× · Pricier than 75% of peers
P/S (TTM) 13.55× · Pricier than 75% of peers
EV/EBITDA 75.7× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 59
PAST54 · sector 30
HEALTH83 · sector 96
DIVIDEND2 · sector 17

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

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,494 €604.27 −60%
Applied Materials, Inc AMAT $482.36 $183.10 −62%
Lam Research Corporation LRCX $301.90 $91.80 −70%
KLA Corporation KLAC $175.54 $74.58 −58%
Teradyne, Inc TER $354.97 $65.80 −81%
Advanced Micro-Fabrication Equipment Inc 688012 ¥380.95 ¥55.05 −86%
Piotech Inc 688072 ¥685.11 ¥89.27 −87%
Hon. Precision, Inc 7769 6,445 TWD 1,804 TWD −72%
Hangzhou Changchuan Technology Co 300604 ¥284.80 ¥46.26 −84%
Qnity Electronics, Inc Q $142.08 $68.69 −52%

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Frequently asked questions

Is NAURA Technology Group Co Ltd (002371) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of ¥205.30 versus a price of ¥638.17, about −68% upside (overvalued).
What is the fair value of 002371?
Our model-based fair value for NAURA Technology Group Co Ltd is ¥205.30 (as of Aug 25, 2026), built from audited fundamentals. The current price: ¥638.17.
What is the quality score of 002371?
NAURA Technology Group Co Ltd has a Quality Score of 50/100. 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 NAURA Technology Group Co Ltd (002371)?
NAURA Technology Group Co Ltd reported trailing-twelve-month revenue of about 41.5B CNY (latest available figure, as of Aug 25, 2026).
What is the net profit margin of 002371?
The net profit margin of NAURA Technology Group Co Ltd is about 13.5%, meaning it keeps roughly 13.5% of revenue as net income. Based on the latest reported figures.
Does NAURA Technology Group Co Ltd pay a dividend?
NAURA Technology Group Co Ltd currently shows a dividend yield of about 0.12% relative to its recent price (as of Aug 25, 2026).
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