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Employees: 1,657
Size NCS Testing Technology (300797.SZ) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $678M, the 3142nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.82 on 6 Nov 2026.
Performance Over six months the shares fell 25.5%, against -5.0% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 14.5% over the last twelve months (peer median +15.5%); the operating margin is 6.5% (peer median 7.2%).
Valuation It trades at 25.1× forward earnings against a peer median of 14.5× (5th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +7 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 1.0 points below its cost of capital (10.7% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.35B | CN¥1.17B | CN¥1.09B | CN¥946M | CN¥811M |
| Revenue growth | — | +7% | +16% | +17% | — |
| Gross profit | CN¥755M | CN¥534M | CN¥483M | CN¥401M | CN¥358M |
| EBITDA | n/a | CN¥206M | CN¥187M | CN¥154M | CN¥114M |
| Net income | CN¥186M | CN¥156M | CN¥145M | CN¥126M | CN¥114M |
| Free cash flow | CN¥104M | CN¥106M | -CN¥14.4M | -CN¥69.3M | -CN¥63.6M |
| Capital expenditure | CN¥74.9M | CN¥105M | CN¥156M | CN¥165M | CN¥184M |
| Total debt | CN¥198M | CN¥236M | CN¥240M | CN¥130M | CN¥169M |
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 | 300797.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.2% | -4.2% | 10th lowest of 21 |
| 6-month return | -25.5% | -5.0% | 6th lowest of 21 |
| Distance from 52-week high | -37.4% | -41.0% | 9th highest of 21 |
| Revenue growth (TTM) | +14.5% | +15.5% | 10th lowest of 21 |
| Operating margin | 6.5% | 7.2% | 11th highest of 21 |
| Forward P/E | 25.1× | 14.5× | 5th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 22.3% | 11.5% | 5th most demanding of 14 |
| Growth delivered (Del g) | +15.0% | +11.8% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | +7.3 pp | -4.6 pp | 4th most demanding of 14 |
| ROIC minus cost of capital | -1.0 pp | -2.6 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NCS Testing Technology 300797.SZ | China | $678M | -26% | +15% | 7% | 25.1× | 22.3% | +15.0% |
| RWS RWS.L | United Kingdom | $677M | +46% | -1% | 4% | 10.3× | 11.5% | +14.2% |
| China Education 0839.HK | Hong Kong | $680M | -4% | +9% | 32% | 3.0× | n/a | n/a |
| Grand Sunergy Tech 603778.SS | China | $686M | -73% | -54% | -98% | n/a | n/a | n/a |
| Hangzhou MDK Opto Electronic 688079.SS | China | $666M | -28% | +30% | -26% | n/a | n/a | n/a |
| Guangzhou Doppler Electronic Technologies 301528.SZ | China | $663M | -5% | +35% | 22% | n/a | 42.2% | +11.8% |
| Science Environmental Protection 688480.SS | China | $694M | -51% | +37% | 10% | 29.7× | 28.2% | +28.2% |
| Bengo4.com 6027.T | Japan | $695M | +94% | +19% | 14% | 51.8× | 18.7% | +25.1% |
| IBEX IBEX | United States | $661M | +53% | +15% | 9% | 13.1× | 0.3% | +7.7% |
| Matrix Design 301365.SZ | China | $660M | -31% | +9% | 4% | n/a | 29.3% | +3.6% |
| Calian CGY.TO | Canada | $699M | +22% | +16% | 6% | 18.7× | 13.4% | +12.4% |
| Ningbo Sinyuan ZM Technology 301398.SZ | China | $700M | -5% | +42% | -18% | n/a | n/a | n/a |
| Danyang Syngen Intelligent Technology 603007.SS | China | $702M | -25% | +929% | -34% | n/a | n/a | n/a |
| Johnson Service JSG.L | United Kingdom | $704M | +10% | +2% | 11% | 11.0× | 8.3% | +18.4% |
| Duolun Technology 603528.SS | China | $706M | -13% | -6% | -30% | 31.9× | n/a | n/a |
| Aubay AUB.PA | France | $707M | -5% | +27% | 9% | 12.9× | 2.5% | +7.1% |
| IPH IPH.AX | Australia | $709M | +13% | +1% | 18% | 9.5× | -7.3% | +14.6% |
| ChemPartner PharmaTech 300149.SZ | China | $645M | -14% | +18% | 2% | n/a | 25.6% | -5.2% |
| Intrum INTRUM.ST | Sweden | $645M | -53% | -4% | 28% | n/a | -8.9% | +0.2% |
| Suzhou Delphi Laser 688170.SS | China | $717M | -23% | +20% | 1% | 78.7× | n/a | n/a |
| Funai Soken 9757.T | Japan | $721M | +5% | +6% | 26% | 16.0× | -8.3% | +5.9% |