Employees: 369
Size Tangel Culture (300148.SZ) is a China Information Technology company (Packaged Software) with a market value of $472M, the 4000th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.84 on 6 Nov 2026.
Performance Over six months the shares fell 7.7%, against -25.2% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 9.1% over the last twelve months (peer median +9.0%); the operating margin is 8.9% (peer median 9.0%).
Valuation It trades at 4.7× enterprise value to sales against a peer median of 2.3× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +33 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 0.8 points below its cost of capital (8.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥557M | CN¥578M | CN¥460M | CN¥448M | CN¥606M |
| Revenue growth | — | +26% | +3% | -26% | — |
| Gross profit | CN¥178M | CN¥143M | CN¥109M | CN¥117M | CN¥165M |
| EBITDA | n/a | CN¥62.0M | CN¥24.9M | -CN¥16.4M | -CN¥30.8M |
| Net income | CN¥61.6M | CN¥67.7M | CN¥32.8M | -CN¥59.8M | -CN¥329M |
| Free cash flow | CN¥46.9M | CN¥78.8M | -CN¥49.5M | CN¥66.4M | CN¥129M |
| Capital expenditure | CN¥1.93M | CN¥3.05M | CN¥23.7M | CN¥10.7M | CN¥16.8M |
| Total debt | CN¥96.7M | CN¥108M | CN¥115M | CN¥91.5M | CN¥97.4M |
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.
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.
| Measure | 300148.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.0% | -2.9% | 3rd highest of 21 |
| 6-month return | -7.7% | -25.2% | 6th highest of 21 |
| Distance from 52-week high | -37.5% | -40.1% | 10th highest of 21 |
| Revenue growth (TTM) | +9.1% | +9.0% | 10th highest of 20 |
| Operating margin | 8.9% | 9.0% | 10th lowest of 20 |
| EV / Sales | 4.7× | 2.3× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 25.6% | 9.9% | 2nd most demanding of 11 |
| Growth delivered (Del g) | -7.4% | +14.4% | lowest of 11 |
| Hurdle (Req g minus delivered) | +33.0 pp | -0.9 pp | most demanding of 11 |
| ROIC minus cost of capital | -0.8 pp | -9.3 pp | 7th highest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tangel Culture 300148.SZ | China | $472M | -8% | +9% | 9% | 4.7× | 25.6% | -7.4% |
| GB Group PLC GBG.L | United Kingdom | $472M | -29% | +1% | 11% | 1.5× | 4.6% | +5.5% |
| Hennge K.k 4475.T | Japan | $471M | +132% | +19% | 17% | 5.4× | 21.7% | +21.3% |
| Unisound AI Technology 9678.HK | Hong Kong | $470M | -84% | +40% | -18% | 2.0× | n/a | n/a |
| China Post Technology 688648.SS | China | $474M | -33% | +52% | -7% | 1.4× | n/a | n/a |
| Equasens EQS.PA | France | $468M | -25% | +9% | 21% | 1.7× | -6.4% | +6.6% |
| AMTD Digital, Inc. Sponsored ADR HKD | United States | $468M | -15% | +22% | 27% | 23.9× | 48.8% | +18.5% |
| GREE Holdings.Inc 3632.T | Japan | $475M | +20% | -10% | 8% | n/a | n/a | n/a |
| Craneware CRW.L | United Kingdom | $467M | -32% | -3% | 14% | 2.2× | 2.9% | +22.2% |
| Gravity Co., Ltd. Sponsored ADR GRVY | United States | $467M | +3% | -2% | 16% | 0.1× | n/a | n/a |
| Japan Business Systems 5036.T | Japan | $477M | +16% | +25% | 4% | 0.5× | n/a | n/a |
| Koal Software 603232.SS | China | $479M | -26% | -18% | -33% | 7.7× | n/a | n/a |
| Kaiser (China) Culture 002425.SZ | China | $461M | -10% | -3% | -53% | 5.8× | n/a | n/a |
| Beijing ABT Networks 688168.SS | China | $485M | -52% | -73% | -33% | 13.0× | n/a | n/a |
| NEXON Games 225570.KS | South Korea | $457M | -18% | -31% | -26% | 3.3× | n/a | n/a |
| BOKU BOKU.L | United Kingdom | $490M | -29% | +10% | 9% | 2.3× | 9.1% | +17.3% |
| Datamatics Global Services DATAMATICS.NS | India | $453M | -12% | +11% | 16% | 1.9× | 10.8% | +11.6% |
| Nuix NXL.AX | Australia | $452M | +37% | +19% | 12% | 2.4× | 23.0% | +8.4% |
| Dareway Intelligent Technology 688579.SS | China | $450M | -26% | -21% | -2% | 6.1× | 18.9% | +0.9% |
| innoscripta 1INN.DE | Germany | $495M | -37% | +42% | 61% | 3.5× | -13.3% | +55.9% |
| Braiin BRAI | United States | $447M | -70% | n/a | n/a | n/a | n/a | n/a |