NaaS Technology (NAAS)
NASDAQ:NAAS
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NaaS Technology
(NASDAQ:NAAS)
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Rating:46Neutral
Price Target:
$3.00
▲(0.00% Upside)
Action:ReiteratedDate:11/01/25
NaaS Technology's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and high leverage. Technical analysis provides some stability with neutral indicators, but the negative MACD suggests bearish momentum. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.
Positive Factors
Recurring subscription revenue model
A subscription and usage-billing model supports predictability and customer retention over time, enabling recurring cash inflows and higher lifetime value per client. For network services, subscriptions also create switching costs and steady demand for upgrades and add-on services.
Negative Factors
Negative stockholders' equity and high leverage
Negative equity and heavy leverage materially constrain financial flexibility, increase default risk, and limit the company's ability to fund growth organically. Over months, this structural capital weakness can force costly refinancing, restrictive covenants, or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring subscription revenue model
A subscription and usage-billing model supports predictability and customer retention over time, enabling recurring cash inflows and higher lifetime value per client. For network services, subscriptions also create switching costs and steady demand for upgrades and add-on services.
Read all positive factors
NaaS Technology (NAAS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.09M
Dividend YieldN/A
Average Volume (3M)14.60K
Price to Earnings (P/E)0.7
Beta (1Y)-0.01
Revenue Growth-13.78%
EPS Growth38.67%
CountryUS
Employees611
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)N/A
Shares Outstanding10,138,721
10 Day Avg. Volume12,341
30 Day Avg. Volume14,597
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.25
Price to Sales (P/S)0.96
P/FCF Ratio-1.07
Enterprise Value/Market Cap378.26
Enterprise Value/Revenue5.07
Enterprise Value/Gross Profit6.75
Enterprise Value/Ebitda-1.22
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NaaS Technology Business Overview & Revenue Model
Company Description
NaaS Technology Inc. provides electric vehicle (EV) charging services in China. It serves charging station operators, charger manufacturers, EV OEMs, and other end-users. The company was founded in 2019 and is based in Beijing, China....
How the Company Makes Money
NaaS Technology generates revenue primarily through subscription-based models for its Network as a Service offerings. Customers pay a recurring fee for access to the company's virtualized network infrastructure and services. Additional revenue str...
NaaS Technology Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
20
Very Negative
Cash Flow
25
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.29M | 200.98M | 320.08M | 92.81M | 33.45M | 6.16M |
| Gross Profit | 117.26M | 88.54M | 88.76M | 6.17M | 3.87M | -384.00K |
| EBITDA | -651.13M | -873.31M | -1.06B | -547.41M | -247.47M | -72.59M |
| Net Income | -484.54M | -913.48M | -1.31B | -5.64B | -260.46M | -77.90M |
Balance Sheet | ||||||
| Total Assets | 620.74M | 650.64M | 1.47B | 1.11B | 178.09M | 67.60M |
| Cash, Cash Equivalents and Short-Term Investments | 74.77M | 135.79M | 534.30M | 513.35M | 8.49M | 3.67M |
| Total Debt | 845.98M | 1.07B | 1.04B | 519.34M | 19.63M | 244.86M |
| Total Liabilities | 1.26B | 1.40B | 1.51B | 667.06M | 148.65M | 1.92B |
| Stockholders Equity | -637.13M | -754.46M | -47.04M | 438.87M | 29.44M | 495.11M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -179.14M | -571.57M | -597.83M | -250.64M | -86.89M |
| Operating Cash Flow | 0.00 | -179.14M | -565.24M | -580.70M | -250.03M | -63.01M |
| Investing Cash Flow | 0.00 | -201.67M | -339.61M | -161.34M | -5.61M | 5.44M |
| Financing Cash Flow | 0.00 | 71.27M | 827.74M | 1.25B | 229.54M | 64.56M |
NaaS Technology Technical Analysis
Negative
3.00
Price Trends
2.50
Negative
2.99
Negative
3.12
Negative
Market Momentum
0.02
Negative
51.07
Neutral
51.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NAAS, the sentiment is Negative. The current price of 3 is above the 20-day moving average (MA) of 2.29, above the 50-day MA of 2.50, and below the 200-day MA of 3.12, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 51.07 is Neutral, neither overbought nor oversold. The STOCH value of 51.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NAAS.
NaaS Technology Risk Analysis
NaaS Technology disclosed 67 risk factors in its most recent earnings report. NaaS Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NaaS Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | $538.50M | -9.34 | 53.80% | ― | 39.21% | 9.08% | |
46 Neutral | $2.09M | 0.73 | ― | ― | -13.78% | 38.67% | |
45 Neutral | $114.95M | -0.64 | -353.75% | ― | -6.32% | 28.82% | |
43 Neutral | $979.13K | -0.03 | -3734.39% | ― | -9.58% | 86.27% |
* Consumer Cyclical Sector Average
NAAS
NaaS Technology
2.56
-8.56
-76.98%
CHPT
ChargePoint Holdings
4.78
-7.69
-61.67%
NVVE
Nuvve Holding
0.58
-42.62
-98.67%
EVGO
EVgo
1.77
-0.88
-33.21%
NaaS Technology Corporate Events
NaaS Technology Shareholders Approve Capital and Charter Changes at January 23, 2026 EGM
Jan 26, 2026
On January 23, 2026, NaaS Technology Inc. held an extraordinary general meeting of shareholders in Langfang, Hebei Province, at which investors approved all three resolutions proposed in the meeting notice. Shareholders passed a special resolution...
NaaS Technology Sets January 23, 2026 Extraordinary General Meeting for Key Shareholder Votes
Jan 5, 2026
On January 5, 2026, NaaS Technology Inc. announced it will convene an extraordinary general meeting (EGM) of shareholders in Langfang, Hebei Province, at 3:00 p.m. Beijing time on January 23, 2026, to consider and vote on a series of proposed reso...
NaaS Technology Regains Nasdaq Compliance as of December 2025
Dec 10, 2025
On December 9, 2025, NaaS Technology Inc. announced it had regained compliance with Nasdaq’s minimum market value of listed securities requirement, closing a matter that began on June 13, 2025, when the company was notified of non-compliance...
NaaS Technology Executes Major Share Subscription Agreement
Nov 5, 2025
On November 4, 2025, NaaS Technology Inc. executed share subscription agreements with Newlink Envision Limited, Newlink Linkage Limited, and other accredited investors to issue 27,776,000,000 Class A ordinary shares at a price of US$0.001 per shar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.