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Sangfor Technologies Inc. (300454.SZ)

CNY108.80 +2.83 (+2.67%)
CN SHZ Technology Communication Equipment
Address 1001 Xueyuan Road 518055
Shenzhen, CN
CEO Chaoxi He
IPO 2018-05-16
ISIN CNE1000033T1

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Description

Operating both within China and across international markets, Sangfor Technologies Inc. is a leading provider of comprehensive IT infrastructure solutions. Its core expertise lies in developing and delivering advanced cloud computing and robust network security solutions. Within network security, its portfolio encompasses an array of products such as Internet access gateways, the NGAF firewall platform, endpoint security solutions, cyber command systems, and cloud-native SASE tailored for distributed branch offices and remote workforces. Beyond security, Sangfor delivers a suite of cloud solutions, including hyper-converged infrastructure, enterprise cloud platform services, and managed cloud platforms. Furthermore, its capabilities extend to virtual desktop infrastructure (VDI), intelligent edge routers, SD-WAN, and WAN optimization solutions. The company also provides a range of dedicated security services. Catering to a diverse clientele, Sangfor supports various industries such as manufacturing, education, finance and banking, government, healthcare, and internet service providers (ISPs). Established in 2000, Sangfor Technologies Inc. is headquartered in Shenzhen, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY108.80 +2.83 (+2.67%)
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Volume Profile
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Liquidity & share structure
Average Volume
13M
Beta
0.97
Float Shares
334.02M
Free Float %
77.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.24% -7.81% -8.74% -18.43% -7.06% -7.14% +19.75% -11.18% -60.43% +146.97% +146.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
108.80
DCF (Unlevered) 49.89 -54.1%
DCF (Levered) 67.02 -38.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 6 0
Hold 2 0
Sell 2 0
Strong Sell 0 0
Quality scores
Altman Z-Score
7.43
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Communication Equipment: +9.8%
    +7.0% Q1'26: +28.9% (vs Q1'25)
  • EPS growth Communication Equipment: +36.4%
    +91.5% Q1'26: +74.6% (vs Q1'25)
  • FCF margin FCF growth · Communication Equipment: +59.0%
    +14.7% Q1'26: -70.0% (vs Q1'25)
  • EBIT margin Communication Equipment: +4.7%
    +5.3% Q1'26: -14.0% (vs Q1'25)
  • ROIC Communication Equipment: +3.7%
    +5.1% Q1'26: -8.3% (vs Q1'25)
  • Share dilution Communication Equipment: +0.0%
    +4.2% Q1'26: +1.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×
    1.83× Q1'26: -0.45× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.07) × ERP
WACC = 97% × Ke + 3% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 49.89 Current price: 108.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
3 EPS Ana.
Dec 2027
9 Rev. Ana.
5 EPS Ana.
Dec 2028
6 Rev. Ana.
5 EPS Ana.
Revenue
3.22B
est: 3.41B (-5.3%)
4.59B
est: 4.41B (+4.0%)
5.46B
est: 5.69B (-4.1%)
6.80B
est: 7.05B (-3.5%)
7.41B
est: 7.59B (-2.3%)
7.66B
est: 7.44B (+3.0%)
7.52B
est: 7.56B (-0.5%)
8.04B
est: 8.30B (-3.1%)
9.44B
9.27B – 9.76B
+13.8% YoY
10.91B
9.82B – 14.84B
+15.5% YoY
12.14B
12.11B – 12.17B
+11.2% YoY
EBITDA
564.19M
est: 100.88M (+459.3%)
690.26M
est: 130.70M (+428.1%)
619.46M
est: 168.63M (+267.4%)
61.10M
est: 208.98M (-70.8%)
89.75M
est: 224.75M (-60.1%)
61.17M
est: 1.11B (-94.5%)
41.81M
est: 1.13B (-96.3%)
669.57M
est: 1.24B (-45.9%)
1.41B
1.38B – 1.46B
+13.8% YoY
1.63B
1.46B – 2.21B
+15.5% YoY
1.81B
1.81B – 1.81B
+11.2% YoY
EBIT
490.07M
est: 18.54M (+2,542.9%)
581.77M
est: 24.02M (+2,321.7%)
485.57M
est: 30.99M (+1,466.7%)
-89.18M
est: 38.41M (-332.2%)
-96.85M
est: 41.31M (-334.4%)
-120.93M
est: 835.81M (-114.5%)
-148.76M
est: 849.37M (-117.5%)
428.62M
est: 933.11M (-54.1%)
1.06B
1.04B – 1.10B
+13.8% YoY
1.23B
1.10B – 1.67B
+15.5% YoY
1.36B
1.36B – 1.37B
+11.2% YoY
Net Income
603.28M
est: 709.98M (-15.0%)
758.90M
est: 754.90M (+0.5%)
809.38M
est: 792.71M (+2.1%)
272.86M
est: 471.66M (-42.1%)
194.17M
est: 229.53M (-15.4%)
197.83M
est: 159.40M (+24.1%)
196.87M
est: 239.16M (-17.7%)
392.79M
est: 577.91M (-32.0%)
598.55M
554.53M – 768.13M
+3.6% YoY
802.93M
601.75M – 1.04B
+34.1% YoY
1.04B
968.88M – 1.11B
+29.1% YoY
SGA
1.30B
est: 1.32B (-1.7%)
1.80B
est: 1.71B (+5.0%)
2.08B
est: 2.21B (-5.8%)
2.71B
est: 2.74B (-1.2%)
2.80B
est: 2.95B (-5.0%)
3.07B
est: 2.44B (+25.8%)
2.89B
est: 2.48B (+16.3%)
658.90M
est: 2.73B (-75.8%)
3.10B
3.05B – 3.21B
+13.8% YoY
3.58B
3.23B – 4.88B
+15.5% YoY
3.99B
3.98B – 4.00B
+11.2% YoY
EPS
1.55
est: 1.70 (-8.6%)
1.90
est: 1.80 (+5.4%)
2.01
est: 1.89 (+6.2%)
0.67
est: 1.13 (-40.5%)
0.47
est: 0.55 (-14.2%)
0.47
est: 0.38 (+24.7%)
0.47
est: 0.50 (-6.0%)
0.93
est: 1.11 (-16.1%)
1.38
1.27 – 1.76
+24.7% YoY
1.88
1.38 – 2.38
+35.7% YoY
2.32
2.22 – 2.53
+23.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 3/5 4/5 4/5 1/5 2/5
2026-05-28 B+ 3/5 4/5 3/5 4/5 4/5 1/5 2/5
2026-05-27 B+ 3/5 4/5 3/5 4/5 4/5 1/5 2/5
2026-05-26 B+ 3/5 4/5 3/5 4/5 4/5 1/5 2/5
2026-05-25 B+ 3/5 4/5 3/5 4/5 4/5 1/5 2/5
2026-05-22 B 3/5 3/5 3/5 4/5 4/5 1/5 2/5
2026-05-21 B 3/5 4/5 3/5 4/5 3/5 1/5 2/5
2026-05-20 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-19 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-18 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-15 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-14 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-13 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-12 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-11 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-08 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-07 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-06 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-04-30 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-04-29 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-04-28 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-04-27 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-04-24 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5
2026-04-23 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5
2026-04-22 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5
2026-04-21 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5
2026-04-20 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5
2026-04-17 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5
2026-04-16 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5
2026-04-15 C+ 2/5 3/5 2/5 3/5 2/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.06B
OE per share TTM
2.45
Owner's Yield
2.32%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
11.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 110 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X China Cloud Computing ETF (HKD) 2826.HK 1.20% 292.6K 0.68%
2 Amundi MSCI China Tech UCITS ETF USD CC1U.L 0.84% 2.47M 0.55%
3 Amundi MSCI China Tech UCITS ETF EUR CC1.PA 0.84% 2.46M 0.55%
4 VanEck ChiNext ETF CNXT 0.41% 500.7K 0.65%
5 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF ASHS 0.26% 96.8K 0.65%
6 Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C XCTE.L 0.24% 120.6K 0.44%
7 JPMorgan ETFs (Ireland) ICAV - China A Research Enhanced Index Equity Active UCITS ETF JREC.L 0.10% 22.9K 0.40%
8 iShares MSCI China A UCITS ETF CNYE.MI 0.10% 96.3K 0.45%
9 iShares MSCI China A UCITS ETF CNYA.L 0.10% 2.92M 0.40%
10 iShares MSCI China A ETF CNYA 0.09% 217.4K 0.60%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
57.8K
Shares Outstanding
431.56M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chaoxi He Non-Independent Chairman & GM male
Feng Liu Accounting supervisor
Jon Chung Sales Director male
Li Ye Xiao Head of Internal Audit Department & Director male
Wenguang Jiang Financial Director, Deputy GM, Secretary & Employee Representative Director male
Wu Xiong Deputy GM & Vice Chairman male
Yasuyuki Matsumoto Managing Director male
Yi Feng Deputy GM & Non-Independent Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits