NaaS Technology Inc. (NAAS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NaaS Technology Inc. (NAAS) stock price & volume — 10-year historical chart
NaaS Technology Inc. (NAAS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
NaaS Technology Inc. (NAAS) competitors in Retail Services and Enablement Platforms — business model, growth, and fundamentals comparison
NaaS Technology Inc. (NAAS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NaaS Technology Inc. (NAAS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 710.99M | 969.27M | 1.27B | 1.53B | 6.16M | 33.45M | 92.81M | 320.08M | 200.98M |
| Revenue Growth % | 34.28% | 36.33% | 31.22% | 20.25% | -99.6% | 442.8% | 177.45% | 244.86% | -37.21% |
| Cost of Goods Sold | 363.58M | 452.22M | 576.53M | 694.69M | 6.55M | 29.59M | 86.65M | 231.32M | 112.43M |
| COGS % of Revenue | 51.14% | 46.66% | 45.33% | 45.42% | 106.23% | 88.44% | 93.36% | 72.27% | 55.94% |
| Gross Profit | 347.41M▲ 0% | 517.05M▲ 48.8% | 695.36M▲ 34.5% | 834.75M▲ 20.0% | -384K▼ 100.0% | 3.87M▲ 1106.8% | 6.17M▲ 59.5% | 88.76M▲ 1339.3% | 88.54M▼ 0.2% |
| Gross Margin % | 48.86% | 53.34% | 54.67% | 54.58% | -6.23% | 11.56% | 6.64% | 27.73% | 44.06% |
| Gross Profit Growth % | 90.05% | 48.83% | 34.48% | 20.05% | -100.05% | 1106.77% | 59.52% | 1339.26% | -0.24% |
| Operating Expenses | 276.57M | 517.68M | 487.75M | 15.28M | 75.74M | 257.91M | 2.47B | 1.16B | 895.57M |
| OpEx % of Revenue | 38.9% | 53.41% | 38.35% | 1% | 1228.93% | 770.97% | 2657.63% | 360.89% | 445.61% |
| Selling, General & Admin | 276.57M | 517.68M | 487.75M | 15.28M | 58.41M | 227.8M | 2.44B | 1.12B | 573.51M |
| SG&A % of Revenue | 38.9% | 53.41% | 38.35% | 1% | 947.82% | 680.95% | 2626.12% | 348.84% | 285.36% |
| Research & Development | 0 | 0 | 0 | 0 | 20.45M | 37.16M | 36.56M | 63.05M | 42.07M |
| R&D % of Revenue | - | - | - | - | 331.79% | 111.08% | 39.39% | 19.7% | 20.93% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -3.12M | -7.04M | -7.32M | -24.47M | 279.99M |
| Operating Income | 70.85M▲ 0% | -628K▼ 100.9% | 207.61M▲ 33159.2% | -15.28M▼ 107.4% | -76.12M▼ 398.4% | -254.05M▼ 233.7% | -2.46B▼ 868.5% | -1.07B▲ 56.7% | -807.03M▲ 24.3% |
| Operating Margin % | 9.96% | -0.06% | 16.32% | -1% | -1235.16% | -759.41% | -2650.98% | -333.16% | -401.55% |
| Operating Income Growth % | 243.14% | -100.89% | 33159.24% | -107.36% | -398.35% | -233.73% | -868.52% | 56.66% | 24.32% |
| EBITDA | 140.67M | 49.08M | 265.84M | 54.75M | -72.59M | -247.47M | -2.46B | -1.06B | -791.16M |
| EBITDA Margin % | 19.78% | 5.06% | 20.9% | 3.58% | -1177.77% | -739.77% | -2650.58% | -330.39% | -393.66% |
| EBITDA Growth % | 234.81% | -65.11% | 441.61% | -79.41% | -232.59% | -240.94% | -894.09% | 57.01% | 25.19% |
| D&A (Non-Cash Add-back) | 69.82M | 49.71M | 58.23M | 70.02M | 3.54M | 6.57M | 377K | 8.87M | 15.87M |
| EBIT | 89.12M | 25.91M | 248M | 188.78M | -76.12M | -254.05M | -547.79M | -1.06B | -889.17M |
| Net Interest Income | 10.55M | -7.03M | -7.43M | 34.17M | -300K | -1.1M | -10.28M | -31.16M | -38.01M |
| Interest Income | 16.62M | 19.56M | 26.38M | 80K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.07M | 26.59M | 33.8M | -34.09M | 300K | 1.1M | 10.28M | 31.16M | 38.01M |
| Other Income/Expense | 12.2M | -48K | 6.59M | -237.98M | -300K | -1.1M | -3.17B | -223.88M | -120.16M |
| Pretax Income | 83.05M▲ 0% | -676K▼ 100.8% | 214.2M▲ 31786.2% | -15.2M▼ 107.1% | -76.42M▼ 402.9% | -255.14M▼ 233.9% | -5.63B▼ 2105.6% | -1.29B▲ 77.1% | -927.19M▲ 28.1% |
| Pretax Margin % | 11.68% | -0.07% | 16.84% | -0.99% | -1240.03% | -762.69% | -6063.21% | -403.1% | -461.34% |
| Income Tax | 32.2M | 52.92M | 71.76M | -163.38M | 1.47M | 5.32M | 9.86M | 3.79M | -19.15M |
| Effective Tax Rate % | 38.78% | -7828.99% | 33.5% | 1075.19% | -1.93% | -2.08% | -0.18% | -0.29% | 2.07% |
| Net Income | 53.92M▲ 0% | -47.97M▼ 189.0% | 142.96M▲ 398.0% | 148.1M▲ 3.6% | -77.9M▼ 152.6% | -260.46M▼ 234.4% | -5.64B▼ 2064.4% | -1.31B▲ 76.8% | -913.48M▲ 30.1% |
| Net Margin % | 7.58% | -4.95% | 11.24% | 9.68% | -1263.95% | -778.59% | -6073.83% | -408.31% | -454.52% |
| Net Income Growth % | 305.15% | -188.97% | 397.99% | 3.6% | -152.6% | -234.37% | -2064.37% | 76.82% | 30.1% |
| Net Income (Continuing) | 53.92M | -47.97M | 142.96M | 148.1M | -77.9M | -260.46M | -5.64B | -1.29B | -908.04M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.12M | -6.4M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.43M | 321K |
| EPS (Diluted) | 1800.00▲ 0% | -1504.00▼ 183.6% | 4096.00▲ 372.3% | 4064.00▼ 0.8% | -2208.00▼ 154.3% | -384.00▲ 82.6% | -8192.00▼ 2033.3% | -1856.00▲ 77.3% | -1120.00▲ 39.7% |
| EPS Growth % | 314.29% | -183.56% | 372.34% | -0.78% | -154.33% | 82.61% | -2033.33% | 77.34% | 39.66% |
| EPS (Basic) | 1800.00 | -1504.00 | 4176.00 | 4128.00 | -2208.00 | -384.00 | -8192.00 | -1856.00 | -1088.00 |
| Diluted Shares Outstanding | 31.25K | 31.84K | 36.21K | 36.31K | 35.25K | 669.25K | 686.55K | 706.17K | 822.11K |
| Basic Shares Outstanding | 31.25K | 31.84K | 35.57K | 35.91K | 35.25K | 669.25K | 686.55K | 706.17K | 822.11K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
NaaS Technology Inc. (NAAS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 707.74M | 1.14B | 1.4B | 1.08B | 48.36M | 152.78M | 930.79M | 1.14B | 439.5M |
| Cash & Short-Term Investments | 640M | 1.06B | 1.29B | 999.01M | 3.67M | 8.49M | 513.35M | 534.3M | 135.79M |
| Cash Only | 640M | 1.06B | 1.29B | 999.01M | 3.67M | 8.49M | 513.35M | 436.24M | 126.61M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98.06M | 9.17M |
| Accounts Receivable | 976K | 11.2M | 12.76M | 7.47M | 21.66M | 38.46M | 156.66M | 355.64M | 113.16M |
| Days Sales Outstanding | 0.5 | 4.22 | 3.66 | 1.78 | 1.28K | 419.59 | 616.08 | 405.55 | 205.51 |
| Inventory | 5.53M | 7.91M | 11.32M | 8.69M | 0 | 48.13M | -130M | 22.46M | 0 |
| Days Inventory Outstanding | 5.55 | 6.38 | 7.17 | 4.56 | - | 593.78 | - | 35.44 | - |
| Other Current Assets | 61.23M | 67.36M | 90.11M | 69.7M | 0 | 13.73M | 130M | 7.14M | 55.03M |
| Total Non-Current Assets | 792.56M | 813.89M | 878.5M | 1.72B | 19.25M | 25.31M | 175.15M | 321.13M | 211.15M |
| Property, Plant & Equipment | 75.67M | 100.18M | 128.41M | 747.66M | 19.24M | 21.1M | 19.63M | 18.4M | 7.41M |
| Fixed Asset Turnover | 9.40x | 9.68x | 9.90x | 2.05x | 0.32x | 1.59x | 4.73x | 17.39x | 27.14x |
| Goodwill | 461.69M | 475.73M | 491.97M | 665.42M | 328.29M | 0 | 0 | 40.09M | 0 |
| Intangible Assets | 225.95M | 200.62M | 198.06M | 210.35M | 14.51M | 25.31M | 833K | 13.32M | 2.33M |
| Long-Term Investments | 0 | 0 | 0 | 33M | -2.02B | 5M | 140.81M | 240.74M | 199.36M |
| Other Non-Current Assets | 25.16M | 34.97M | 53.35M | 49.64M | 1.68B | -26.44M | 13.87M | 8.58M | 2.05M |
| Total Assets | 1.5B▲ 0% | 1.96B▲ 30.4% | 2.28B▲ 16.6% | 2.8B▲ 22.9% | 67.6M▼ 97.6% | 178.09M▲ 163.4% | 1.11B▲ 521.0% | 1.47B▲ 32.5% | 650.64M▼ 55.6% |
| Asset Turnover | 0.47x | 0.50x | 0.56x | 0.55x | 0.09x | 0.19x | 0.08x | 0.22x | 0.31x |
| Asset Growth % | 12.32% | 30.4% | 16.58% | 22.85% | -97.59% | 163.43% | 520.99% | 32.48% | -55.59% |
| Total Current Liabilities | 763.37M | 1.03B | 1.28B | 1.23B | 1.17B | 136.09M | 192.14M | 817.03M | 1.35B |
| Accounts Payable | 585.37K | 0 | 1.23M | 7.55M | 11.03M | 16.87M | 49.24M | 152.07M | 104.22M |
| Days Payables Outstanding | 0.59 | - | 0.78 | 3.97 | 614.82 | 208.14 | 207.42 | 239.95 | 338.35 |
| Short-Term Debt | 38.19M | 29.73M | 82.51M | 291.93M | 226.74M | 0 | 38M | 345.64M | 1.01B |
| Deferred Revenue (Current) | 601.32M | 812.82M | 1B | 716.64M | 563.74M | 25.11M | 33.54M | 101.05M | 32.51M |
| Other Current Liabilities | 119.79M | 182.1M | 185.14M | 217.4M | 333.25M | 0 | 0 | 0 | 50.59M |
| Current Ratio | 0.93x | 1.11x | 1.10x | 0.88x | 0.04x | 1.12x | 4.84x | 1.40x | 0.33x |
| Quick Ratio | 0.92x | 1.10x | 1.09x | 0.87x | 0.04x | 0.77x | 5.52x | 1.37x | 0.33x |
| Cash Conversion Cycle | 5.47 | - | 10.05 | 2.38 | - | 805.23 | - | 201.04 | - |
| Total Non-Current Liabilities | 338.5M | 629.91M | 561.07M | 944.14M | 13.9M | 12.57M | 474.92M | 691.67M | 54.37M |
| Long-Term Debt | 333.1M | 623.44M | 502.36M | 834.47M | 0 | 0 | 465.15M | 681.82M | 51.07M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 13.9M | 12.57M | 9.33M | 6.94M | 3.3M |
| Deferred Tax Liabilities | 3.07M | 3.79M | 14.54M | 31.12M | 0 | 0 | 438K | 2.92M | 0 |
| Other Non-Current Liabilities | 2.33M | 2.68M | 8.13M | 39.16M | 0 | 0 | 0 | 2.92M | 0 |
| Total Liabilities | 1.1B | 1.66B | 1.84B | 2.18B | 1.92B | 148.65M | 667.06M | 1.51B | 1.4B |
| Total Debt | 371.29M | 623.44M | 584.86M | 1.13B | 244.86M | 19.63M | 519.34M | 1.04B | 1.07B |
| Net Debt | -268.71M | -432.54M | -703.22M | 127.38M | 241.2M | 4.08M | 5.98M | 605.31M | 943.51M |
| Debt / Equity | 0.91x | 2.01x | 1.28x | 1.85x | 16.82x | 0.67x | 1.18x | - | - |
| Debt / EBITDA | 2.64x | 12.70x | 2.20x | 20.57x | - | - | - | - | - |
| Net Debt / EBITDA | -1.91x | -8.81x | -2.65x | 2.33x | - | - | - | - | - |
| Interest Coverage | 11.67x | -0.02x | 6.14x | - | -253.74x | -231.58x | -239.46x | -34.23x | -21.23x |
| Total Equity | 407.2M▲ 0% | 310.13M▼ 23.8% | 455.75M▲ 47.0% | 608.9M▲ 33.6% | 14.56M▼ 97.6% | 29.44M▲ 102.2% | 438.87M▲ 1390.8% | -43.6M▼ 109.9% | -754.13M▼ 1629.5% |
| Equity Growth % | -46.21% | -23.84% | 46.96% | 33.6% | -97.61% | 102.22% | 1390.79% | -109.94% | -1629.47% |
| Book Value per Share | 13030.40 | 9740.30 | 12585.40 | 16771.22 | 412.95 | 43.99 | 639.24 | -61.75 | -917.32 |
| Total Shareholders' Equity | 407.2M | 310.13M | 455.75M | 608.9M | 495.11M | 29.44M | 438.87M | -47.04M | -754.46M |
| Common Stock | 6.12M | 6.78M | 7.07M | 6.95M | 6.96M | 0 | 146.73M | 165.18M | 186.68M |
| Retained Earnings | -134.26M | -315.53M | -248.67M | -127.06M | -138.22M | -393.89M | -6.03B | -7.34B | -8.25B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.86M |
| Accumulated OCI | 82.97M | 86.41M | 120.8M | 145.75M | 145M | 5.18M | -35.2M | -65.7M | -97.19M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.43M | 321K |
NaaS Technology Inc. (NAAS) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 240.08M | 345.27M | 380.03M | -39.85M | -63.01M | -250.03M | -580.7M | -565.24M | -179.14M |
| Operating CF Margin % | 33.77% | 35.62% | 29.88% | -2.61% | -1022.46% | -747.42% | -625.66% | -176.6% | -89.13% |
| Operating CF Growth % | 46.64% | 43.81% | 10.07% | -110.49% | -58.11% | -296.79% | -132.25% | 2.66% | 68.31% |
| Net Income | 53.92M | -47.97M | 142.96M | -15.2M | -82.14M | -251.91M | -5.63B | -1.3B | -932.4M |
| Depreciation & Amortization | 69.82M | 49.71M | 58.23M | 70.02M | 3.54M | 6.75M | 9.6M | 17.03M | 15.87M |
| Stock-Based Compensation | 0 | 95.31M | 18.63M | 47.89M | 18M | 10.79M | 2.13B | 399.08M | 160.42M |
| Deferred Taxes | -4.76M | 1.15M | 6.74M | 6.47M | -31.15M | -10.79M | -2.13B | 0 | 0 |
| Other Non-Cash Items | -3.06M | -464K | 7.61M | -144.08M | 13.39M | 2.16M | 5.33B | 316.74M | 382.35M |
| Working Capital Changes | 124.17M | 247.54M | 145.87M | -4.96M | 15.34M | -7.04M | -293.74M | 5.28M | 194.63M |
| Change in Receivables | 12.1M | -1.7M | 112K | 706K | -647K | -740K | -111.33M | -66.48M | 15.2M |
| Change in Inventory | 430K | -2.37M | -3.42M | 3.1M | 871K | 0 | 0 | -36.84M | 22.82M |
| Change in Payables | 1.13M | 1.97M | 2.38M | -873K | 3.48M | 0 | 0 | 0 | 0 |
| Cash from Investing | -42.54M | -53.07M | -100.88M | -114.72M | 5.44M | -5.61M | -161.34M | -339.61M | -201.67M |
| Capital Expenditures | -43.77M | -53.08M | -73.99M | -50.85M | -23.88M | -606K | -17.13M | -6.33M | 0 |
| CapEx % of Revenue | 6.16% | 5.48% | 5.82% | 3.32% | 387.41% | 1.81% | 18.46% | 1.98% | - |
| Acquisitions | 8.32M | 2.74M | -26.98M | -16.78M | -19.9M | 15.93M | 0 | -34.45M | 2.62M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -8.13M | -2.73M | 100K | -14.09M | 53.22M | -15.93M | 0 | 0 | 4.27M |
| Cash from Financing | -80.21M | 129M | -57.31M | -140.73M | 64.56M | 229.54M | 1.25B | 827.74M | 71.27M |
| Debt Issued (Net) | 0 | 0 | 0 | -97.33M | 0 | -1.88M | 496.32M | 749.38M | 143.61M |
| Equity Issued (Net) | 0 | 0 | 0 | -1000K | 0 | 0 | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -21.37M | -48.05M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -80.21M | 129M | -57.31M | 4.65M | 64.56M | 231.43M | -9.54M | -30.69M | -72.34M |
| Net Change in Cash | 122.56M▲ 0% | 415.98M▲ 239.4% | 231.89M▼ 44.3% | -293.96M▼ 226.8% | 1.54M▲ 100.5% | 4.82M▲ 213.0% | 504.86M▲ 10365.6% | -77.11M▼ 115.3% | -309.54M▼ 301.4% |
| Free Cash Flow | 196.32M▲ 0% | 292.19M▲ 48.8% | 306.04M▲ 4.7% | -90.7M▼ 129.6% | -86.89M▲ 4.2% | -250.64M▼ 188.5% | -597.83M▼ 138.5% | -571.57M▲ 4.4% | -179.14M▲ 68.7% |
| FCF Margin % | 27.61% | 30.15% | 24.06% | -5.93% | -1409.87% | -749.23% | -644.11% | -178.57% | -89.13% |
| FCF Growth % | 63.15% | 48.84% | 4.74% | -129.64% | 4.2% | -188.46% | -138.52% | 4.39% | 68.66% |
| FCF per Share | 6282.11 | 9176.79 | 8451.22 | -2498.29 | -2464.68 | -374.51 | -870.76 | -809.39 | -217.90 |
| FCF Conversion (FCF/Net Income) | 4.45x | -7.20x | 2.66x | -0.27x | 0.81x | 0.96x | 0.10x | 0.43x | 0.20x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NaaS Technology Inc. (NAAS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -3.47% | 9.26% | -13.38% | 37.33% | 27.82% | -24.99% | -1184% | -2407.52% | -661.28% | - |
| Return on Invested Capital (ROIC) | -15.49% | 28.11% | -5.86% | - | -4.69% | -11.51% | -128.59% | -760.28% | -158.91% | -161.17% |
| Gross Margin | 34.52% | 48.86% | 53.34% | 54.67% | 54.58% | -6.23% | 11.56% | 6.64% | 27.73% | 44.06% |
| Net Margin | -4.96% | 7.58% | -4.95% | 11.24% | 9.68% | -1263.95% | -778.59% | -6073.83% | -408.31% | -454.52% |
| Debt / Equity | - | 0.91x | 2.01x | 1.28x | 1.85x | 16.82x | 0.67x | 1.18x | - | - |
| Interest Coverage | - | 11.67x | -0.02x | 6.14x | - | -253.74x | -231.58x | -239.46x | -34.23x | -21.23x |
| FCF Conversion | -6.23x | 4.45x | -7.20x | 2.66x | -0.27x | 0.81x | 0.96x | 0.10x | 0.43x | 0.20x |
| Revenue Growth | - | 34.28% | 36.33% | 31.22% | 20.25% | -99.6% | 442.8% | 177.45% | 244.86% | -37.21% |
NaaS Technology Inc. (NAAS) stock FAQ — growth, dividends, profitability & financials explained
NaaS Technology Inc. (NAAS) reported $277.6M in revenue for fiscal year 2024. This represents a 48% decrease from $529.5M in 2015.
NaaS Technology Inc. (NAAS) saw revenue decline by 37.2% over the past year.
NaaS Technology Inc. (NAAS) reported a net loss of $913.5M for fiscal year 2024.
NaaS Technology Inc. (NAAS) had negative free cash flow of $179.1M in fiscal year 2024, likely due to heavy capital investments.
NaaS Technology Inc. (NAAS) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates