Naas Technology Inc ADR logo

Naas Technology Inc ADR(NAAS)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$2.49
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for NAAS

10/23/2026: NAAS (1-star) is currently NOT-A-BUY. Pass it for now.

Naas Technology is an emerging player in the electric vehicle charging sector, operating a digital platform that connects EV users, charging operators, and power suppliers. The company has a leading position in network aggregation, which supports its asset-light growth strategy. While its primary opportunity lies in the rapid electrification of transport and AI-driven energy management, it faces significant risks from intense competition, lack of profitability, and sensitivity to Chinese regulatory policies. The stock is best suited for growth-oriented investors with high risk tolerance. Key developments to monitor include profitability milestones, shifts in regulatory policies, and progress in expanding its network footprint.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to high-growth EV trends but carries significant execution and geopolitical risks.
Momentum investorWeak fitCurrent market sentiment and volatility suggest this is not an ideal fit for trend-following momentum strategies.
Value investorWeak fitThe company is not currently profitable, making traditional value metrics inapplicable.
Dividend investorWeak fitThe company does not pay dividends and focuses entirely on capital reinvestment.
Low-risk investorWeak fitHigh price volatility and regulatory risks make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock experiences significant price swings common in emerging growth sectors.
Valuation riskHighInvestors are exposed to potential downward valuation shifts if growth targets are missed.
Competition risk (EV infrastructure)HighIntense competition from well-funded rivals could squeeze margins.
Business qualityMediumThe business model is innovative but still maturing toward sustainable profitability.
Dividend incomeLow / noneThere is no income component to the investment.
Execution riskMedium / highSuccess depends heavily on scaling complex infrastructure and digital platforms.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -18%
Avg. Invested days 28
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
NAAS receives a 3-star rating based on the available scored pillars. The rating is constrained by soft unit economics, soft company fundamentals, and weak price momentum.

Company Fundamentals

★★★★★
NAAS has soft overall fundamentals (2 stars), with soft financial health, moderate growth momentum, and soft ownership. In FY2025 versus FY2024, strong earnings growth (+51.9%) is partially offset by weak cash generation (FCF margin -25.1%), negative revenue growth (-37.7%), weak profitability (net margin -350.8%).

Financial Health Rating

★★★★★
NAAS's financial health is soft, with the relatively strongest area being moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 238.3% of revenue). Cash strength is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is NAAS's strongest growth driver at +82.5% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+51.9%, strong) is also strong, while revenue growth (-37.7%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 0.1% (soft) and 16.9% of outstanding shares are publicly tradable (soft). Insider ownership is only 0.45%, which materially reduces the ownership score.

Top 5 Institutional Investors

Tower Research Capital LLC 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
NAAS generates approximately $859 of gross profit, $-1,524 of operating income, and $-251 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 2-star rating, with weak cash conversion and strong capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 4.50%

Quantitative Style Profile

★★★★★
NAAS has a Value-Oriented profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 68.53M USD
Price to earnings Ratio -
1Y Target Price 96
Price to earnings Ratio -
1Y Target Price 96
Volume (30-day avg) 15.7K shares
Beta 1.52
52 Weeks Range 1.80 - 4.10
Updated Date 10/23/2026
52 Weeks Range 1.80 - 4.10
Updated Date 10/23/2026
Dividends yield (FY) -
Basic EPS (TTM) -25.52

How Company Makes Money

Business areaWhat it includesRetail investor read
Charging Service FeesTransaction fees collected from charging services provided to EV drivers.The company earns a small slice of every charge performed on its network.
Hardware & EngineeringRevenue from selling charging piles and construction/design services.Direct sales of charging equipment and building support are a secondary income source.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 132.40M
Price to Sales(TTM) 0.66
Enterprise Value 132.40M
Price to Sales(TTM) 0.66
Enterprise Value to Revenue 8.53
Enterprise Value to EBITDA -0.4
Shares Outstanding 24.15M
Shares Floating 4.08M
Shares Outstanding 24.15M
Shares Floating 4.08M
Percent Insiders 0.45
Percent Institutions 0.08

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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