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Employees: 358
Size NOVA Technology (300921.SZ) is a China Communication Services company (Major Telecommunications) with a market value of $504M, the 3848th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.10 on 6 Nov 2026.
Performance Over six months the shares fell 31.9%, against -18.7% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 17 in its peer set.
Growth Revenue grew 1.6% over the last twelve months (peer median +5.6%); the operating margin is 4.6% (peer median 10.4%).
Valuation It trades at 4.7× enterprise value to sales against a peer median of 2.3× (3rd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +22 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 19.3 points above its cost of capital (7.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥573M | CN¥552M | CN¥601M | CN¥603M | CN¥567M |
| Revenue growth | — | -8% | 0% | +6% | — |
| Gross profit | CN¥224M | CN¥179M | CN¥165M | CN¥178M | CN¥194M |
| EBITDA | n/a | CN¥56.3M | CN¥43.6M | CN¥50.6M | CN¥76.2M |
| Net income | CN¥31.5M | CN¥21.1M | CN¥18.3M | CN¥37.5M | CN¥57.3M |
| Free cash flow | CN¥67.8M | CN¥44.4M | CN¥9.93M | CN¥23.7M | CN¥66.5M |
| Capital expenditure | CN¥19.6M | CN¥23.3M | CN¥27.5M | CN¥32.2M | CN¥34.4M |
| Total debt | CN¥15.4M | CN¥23.2M | CN¥29.2M | CN¥29.8M | CN¥31.3M |
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 | 300921.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.4% | +1.0% | 4th lowest of 17 |
| 6-month return | -31.9% | -18.7% | 3rd lowest of 17 |
| Distance from 52-week high | -46.8% | -34.8% | 4th lowest of 17 |
| Revenue growth (TTM) | +1.6% | +5.6% | 6th lowest of 17 |
| Operating margin | 4.6% | 10.4% | 4th lowest of 17 |
| EV / Sales | 4.7× | 2.3× | 3rd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 23.9% | 2.8% | 2nd most demanding of 13 |
| Growth delivered (Del g) | +2.2% | +9.2% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +21.7 pp | -4.1 pp | most demanding of 13 |
| ROIC minus cost of capital | +19.3 pp | -1.4 pp | 3rd highest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NOVA Technology 300921.SZ | China | $504M | -32% | +2% | 5% | 4.7× | 23.9% | +2.2% |
| Ooma OOMA | United States | $497M | -7% | +17% | 5% | 1.8× | 22.7% | +10.1% |
| Shenandoah Telecommunications SHEN | United States | $534M | -40% | +6% | -3% | 3.6× | n/a | n/a |
| ATN International ATNI | United States | $432M | -1% | +2% | 8% | 1.4× | 4.5% | +9.8% |
| Ovzon OVZON.ST | Sweden | $417M | -26% | +77% | 26% | 4.3× | 13.1% | +35.6% |
| Bahnhof BAHN-B.ST | Sweden | $681M | +12% | +8% | 11% | 2.8× | 10.9% | +8.5% |
| Cogeco CGO.TO | Canada | $349M | -20% | -4% | 26% | 2.2× | -11.3% | +2.1% |
| China Changbaishan International 0989.HK | Hong Kong | $318M | -27% | -71% | -48% | 47.7× | n/a | n/a |
| RailTel Corp. of India RAILTEL.NS | India | $817M | -31% | +23% | 10% | 1.6× | 31.3% | +25.4% |
| Route Mobile ROUTE.NS | India | $301M | -22% | +1% | 9% | 0.3× | -8.0% | +25.7% |
| HKBN 1310.HK | Hong Kong | $1.02B | -25% | +6% | 3% | 1.5× | n/a | n/a |
| Hicon Network Technology (Shandong) 301262.SZ | China | $1.21B | +1% | +2% | 38% | 5.0× | 5.4% | +0.1% |
| Grupo Televisa, S.A.B. Sponsored ADR TV | United States | $1.24B | -18% | +6% | 11% | 1.4× | 1.1% | -7.5% |
| Uniti UNIT | United States | $1.27B | -54% | +200% | 10% | 3.3× | n/a | n/a |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 1.5× | -0.4% | +10.4% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 4.6× | -1.5% | +5.9% |
| Liberty Latin America LILA | United States | $1.73B | +72% | +1% | 17% | 2.3× | 0.5% | +3.4% |