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← CockpitCompetitor Analysis › 002180.SZ Pantum Technology Co., Ltd. Class AOpen in the cockpit ↗

Pantum Technology Co., Ltd. Class A002180.SZCompetitor analysis, valuation and peers

China · CNY·Information Technology›Electronic Components

Chinese printer and imaging group; owns Lexmark (US) and the Pantum laser-printer brand plus printer-chip and toner-cartridge units.

≈ A Chinese HP-meets-Lexmark, plus the chips inside compatible toner cartridgesMomentum strong 61
Mkt cap
$3.39B
US dollars, full cap
Free float
58%
of shares outstanding
$/day
$17.6M
20-day average traded
Fwd P/E
69.9×
forward earnings
ROIC−WACC
-4.8 pp
WACC 7.3%
Hurdle
+35 pp
Req g minus delivered
Next earnings
174 days
29 Apr 2027
Close · CNYCN¥16.07
1D-1.6%
1W+5.9%
1M-4.5%
3M-6.0%
6M-16.1%
YTD-20.5%
1Y-25.3%
ATR %3.6%
52w lowhigh29.1% off high

What Pantum Technology does

Chinese printer and imaging group; owns Lexmark (US) and the Pantum laser-printer brand plus printer-chip and toner-cartridge units.

Earns from printer hardware and, more steadily, from the toner cartridges and chips that go into them, since owners keep buying supplies after the printer is sold. Lexmark gives it an installed base of business printers and a supplies and service stream in the West, while the Pantum brand sells to small offices and homes.

In one line: A Chinese HP-meets-Lexmark, plus the chips inside compatible toner cartridges.

Products and services

  • Pantum laser printers
  • Lexmark printers/MFPs
  • Compatible toner cartridges
  • Printer/cartridge chips (Apex)

Customers

  • SMB/home offices
  • Enterprise via Lexmark channel
  • Compatible-cartridge remanufacturers

Where it sits in the supply chain

  • Office equipment
  • Printers & imaging
  • Consumables/chips

What could go right

  • China office-equipment import substitution
  • Lexmark enterprise channel

What could go wrong

  • Global printer market decline (paperless shift)
  • HP/Canon/Epson pricing pressure

Moat: narrow (IP / patents, brand, distribution). Owns Lexmark's installed base and the chip IP that authenticates compatible cartridges industry-wide.

Headquarters: Zhuhai, China · Employees: 13,798

Named competitors

Pantum Technology at a glance

Size Pantum Technology (002180.SZ) is a China Information Technology company (Electronic Components) with a market value of $3.39B, the 766th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.07 on 6 Nov 2026.

Performance Over six months the shares fell 16.1%, against -15.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue fell 59.0% over the last twelve months (peer median +21.4%); the operating margin is 0.0% (peer median 13.7%).

Valuation It trades at 69.9× forward earnings against a peer median of 27.6× (3rd most expensive of 18).

Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +35 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.8 points below its cost of capital (7.3% WACC).

Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026002180.SZ 85Peer median 80
Six months, rebased to 100: Pantum Technology against the median of its 20 peers (local-currency closes).

Pantum Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥8.82BCN¥16.5BCN¥26.3BCN¥24.0BCN¥25.8B
Revenue growth—-37%+10%-7%—
Gross profitCN¥2.54BCN¥4.47BCN¥7.92BCN¥7.06BCN¥7.84B
EBITDAn/aCN¥1.04BCN¥3.70BCN¥2.34BCN¥3.44B
Net income-CN¥227M-CN¥718MCN¥749M-CN¥6.19BCN¥1.86B
Free cash flowCN¥634MCN¥389MCN¥1.69BCN¥1.93BCN¥60.4M
Capital expenditureCN¥446MCN¥822MCN¥1.05BCN¥956MCN¥1.08B
Total debtCN¥3.56BCN¥4.19BCN¥13.8BCN¥15.6BCN¥13.5B

Quarterly statements and history in the cockpit →

Pantum Technology competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-40%-20%0076600022220020256005630028156789696560070724920007337762688025BELFA30048919896885026806002484002180.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Pantum Technology is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%0×100×200×0076600022220020256005636789696560070700073377626880253004891989688502002180.SZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Pantum Technology is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%6005636789696560070724920007337762688025BELFA002484002180.SZGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Pantum Technology is the large dot.

Pantum Technology competitors and peer comparison

Head to head with its named competitors (002180.SZ vs HPQ vs 7751.T vs 6448.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Pantum Technology 002180.SZ$3.39B-16%-59%0%69.9×30.6%
HP Inc. HPQ$25.7B+27%+9%7%9.5×-7.0%
Canon 7751.T$28.4B+18%+4%10%12.2×-0.6%
Brother Industries 6448.T$6.52B+39%+7%13%10.5×-6.3%
Xerox XRXn/a-61%n/an/an/an/a
Seiko Epson 6724.T$5.39B+27%+8%6%11.9×0.8%

How Pantum Technology compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Pantum Technology against its 20 peers (data as of 6 Nov 2026)
Measure002180.SZPeer medianRank in peer set
1-month return-4.5%-24.8%highest of 21
6-month return-16.1%-15.4%10th lowest of 20
Distance from 52-week high-29.1%-47.8%highest of 21
Revenue growth (TTM)-59.0%+21.4%lowest of 21
Operating margin0.0%13.7%lowest of 21
Forward P/E69.9×27.6×3rd most expensive of 18
Growth the price implies (Req g, 7 yrs)30.6%18.0%4th most demanding of 12
Growth delivered (Del g)-4.8%+8.6%lowest of 12
Hurdle (Req g minus delivered)+35.4 pp+7.3 pp3rd most demanding of 12
ROIC minus cost of capital-4.8 pp-0.0 pp4th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Pantum Technology 002180.SZChina$3.39B-16%-59%0%69.9×30.6%-4.8%
Isupetasys 007660.KSSouth Korea$3.36B-59%+42%20%16.4×n/an/a
Castech 002222.SZChina$3.28B-46%+40%32%56.7×n/an/a
Shanghai Precilasers Technology 688826.SSChina$3.27Bn/a+43%40%n/an/an/a
Guizhou Space Appliance 002025.SZChina$3.56B-29%+22%3%63.7×n/an/a
Xiamen Faratronic 600563.SSChina$3.58B-10%+10%23%18.4×8.0%+23.1%
Suntak Technology 002815.SZChina$3.61B+2%+31%10%n/an/an/a
VisEra Technologies 6789.TWTaiwan$3.16B-46%-5%14%49.7×44.5%+5.2%
Hamamatsu Photonics K.K 6965.TJapan$3.69B-7%+10%9%30.9×27.8%+8.6%
Caihong Display Devices 600707.SSChina$3.70B-15%-3%4%11.6×2.9%+1.7%
Walsin Technology 2492.TWTaiwan$3.79B+74%+8%8%37.6×36.0%+0.5%
China Zhenhua (Group) Science & Technology 000733.SZChina$2.93B-17%-1%14%23.3×4.0%+7.8%
Citizen Watch 7762.TJapan$2.90B+3%+17%10%12.8×10.1%+10.9%
Shenzhen Jpt Opto-Electronics 688025.SSChina$3.97B-22%+69%18%43.3×44.7%+19.4%
Bel Fuse BELFAUnited States$2.87B-38%+21%17%13.5×18.0%+7.7%
Optics Technology 300489.SZChina$4.07B+101%+40%11%125.0×n/an/a
Delton Technology (Guangzhou) 1989.HKHong Kong$4.09B-73%+86%25%10.6×n/an/a
MLOPTIC 688502.SSChina$2.78B-26%+44%5%204.0×n/an/a
Hirose Electric 6806.TJapan$4.23B-4%+21%22%17.5×8.4%+9.6%
Nantong Jianghai Capacitor 002484.SZChina$4.28B-15%+17%14%27.6×23.2%+15.9%
Shenzhen JOVE Enterprise 300814.SZChina$2.65B-14%+44%7%n/an/an/a

Questions

Who are Pantum Technology's main competitors?
Named competitors: HP Inc (HPQ), Canon (7751.T), Brother Industries (6448.T), Xerox (XRX), Seiko Epson (6724.T). The cockpit's measured peer set (industry) also includes Isupetasys (007660.KS), Castech (002222.SZ), Shanghai Precilasers Technology (688826.SS), Guizhou Space Appliance (002025.SZ), Xiamen Faratronic (600563.SS), Suntak Technology (002815.SZ).
Is Pantum Technology expensive compared with its peers?
On forward p/e it trades at 69.9× against a peer median of 27.6×, 3rd most expensive of 18 in its peer set. For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +35 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Pantum Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -16.1% against -15.4% for the median peer; over one year -25.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.