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Beijing Tongtech Co Ltd
SZSE:300379

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Beijing Tongtech Co Ltd
SZSE:300379
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Price: 1.72 CNY
Market Cap: ¥959.6m

P/B

0.3
Current
86%
Cheaper
vs 3-y average of 2.3

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.3
=
Market Cap
¥959.6m
/
Total Equity
¥3.1B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.3
=
Market Cap
¥959.6m
/
Total Equity
¥3.1B

Valuation Scenarios

Beijing Tongtech Co Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (2.3), the stock would be worth ¥12.51 (627% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+1 125%
Average Upside
819%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.3 ¥1.72
0%
3-Year Average 2.3 ¥12.51
+627%
5-Year Average 2.9 ¥16.14
+838%
Industry Average 3.8 ¥21.07
+1 125%
Country Average 2.4 ¥13.52
+686%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CN
Beijing Tongtech Co Ltd
SZSE:300379
959.6m CNY 0.3 -2
US
Microsoft Corp
NASDAQ:MSFT
3T USD 7.8 25.4
US
Oracle Corp
NYSE:ORCL
464B USD 12.1 28.7
US
Palo Alto Networks Inc
NASDAQ:PANW
146.3B USD 13.4 98.3
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
112.9B USD 25.5 -695
US
ServiceNow Inc
NYSE:NOW
91.5B USD 7.8 52.1
US
VMware Inc
XETRA:BZF1
58B EUR 26.8 47.9
US
Fortinet Inc
NASDAQ:FTNT
62.6B USD 50.6 33.8
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 113.7 491.7
CN
Knowledge Atlas Technology JSC Ltd
HKEX:2513
359.4B HKD -41.1 -70.8
CN
MiniMax Group Inc
HKEX:100
216.3B HKD -10.5 -14.8
P/E Multiple
Earnings Growth PEG
CN
B
Beijing Tongtech Co Ltd
SZSE:300379
Average P/E: 111.1
Negative Multiple: -2
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
25.4
18%
1.4
US
Oracle Corp
NYSE:ORCL
28.7
37%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
98.3
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -695 N/A N/A
US
ServiceNow Inc
NYSE:NOW
52.1
54%
1
US
V
VMware Inc
XETRA:BZF1
47.9
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
33.8
15%
2.3
US
Xperi Holding Corp
LSE:0M2A
491.7
N/A N/A
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -70.8 N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -14.8 N/A N/A

Market Distribution

Lower than 96% of companies in China
Percentile
4rd
Based on 7 605 companies
4rd percentile
0.3
Low
0 — 1.5
Typical Range
1.5 — 3.9
High
3.9 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.4
70th Percentile 3.9
Max 1 172 445.9

Beijing Tongtech Co Ltd
Glance View

Market Cap
959.6m CNY
Industry
Technology

In the sprawling economic landscape of Beijing, amid the hustle and bustle of technological innovation, stands Beijing Tongtech Co Ltd, a powerhouse in the realm of information infrastructure software. Since its inception, Tongtech has carved a niche for itself with a keen focus on middleware solutions, which act as vital conduits facilitating seamless communication between various software applications. By providing robust core technology components, such as message-oriented middleware and transaction-oriented middleware, Beijing Tongtech empowers businesses to forge harmonized, efficient systems. This technological prowess is not merely an abstract contribution; it is integrated into diverse sectors like telecommunications, finance, and government services, where robust, reliable data exchange can spell the difference between success and stagnation. Driven by an insatiable appetite for advancement, Beijing Tongtech ensures its revenue streams through the development, sale, and maintenance of its middleware solutions. Their business model blends software licensing with subscription services, coupling upfront license fees with recurring revenue from maintenance contracts and technical support. By collaborating with key industry players, including major telecommunications companies, the firm secures a steady demand for its dynamic middleware products. Moreover, the company's commitment to research and development propels continuous innovation, allowing it to adapt and cater to evolving technological needs, thereby reinforcing its market position as an indispensable ally for organizations maneuvering through the complexities of modern information systems.

Intrinsic Value
12.39 CNY
Undervaluation 86%
Intrinsic Value
Price ¥1.72
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