NaaS Technology Valuation

Is NAAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NAAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NAAS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NAAS's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NAAS?

Key metric: As NAAS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NAAS. This is calculated by dividing NAAS's market cap by their current revenue.
What is NAAS's PS Ratio?
PS Ratio	0.7x
Sales	CN¥423.23m
Market Cap	CN¥278.11m

NAAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.4x
Enterprise Value/EBITDA	-1.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does NAAS's PS Ratio compare to its peers?

The above table shows the PS ratio for NAAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.8x
PRTS CarParts.com	0.09x	1.8%	US$58.0m
UCAR U Power	5.2x	n/a	US$22.0m
GORV Lazydays Holdings	0.02x	-4.4%	US$16.0m
JZXN Jiuzi Holdings	1.8x	n/a	US$13.3m
NAAS NaaS Technology	0.7x	n/a	US$38.5m

Price-To-Sales vs Peers: NAAS is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does NAAS's PS Ratio compare vs other companies in the US Specialty Retail Industry?

45 Companies	Price / Sales	Estimated Growth	Market Cap
TA TravelCenters of America	0.1x	-0.8%	US$1.30b
ARKO Arko	0.08x	-1.7%	US$759.46m
ODP ODP	0.1x	-2.1%	US$758.38m
GCO Genesco	0.1x	1.9%	US$331.83m

45 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NAAS is expensive based on its Price-To-Sales Ratio (0.7x) compared to the US Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is NAAS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NAAS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate NAAS's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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