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Sunday 11 October 2026 Export all NAAS data to Excel Powerpack

NaaS Technology Inc. Sponsored ADR

NAAS Consumer Cyclical Specialty Retail

In the quarter to December 2024, revenue fell 149.0%, EPS fell 7.82% and free cash flow fell 165.5%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

3.06 0.02 +0.66%
Market cap
$73.3M
P/E
0.0×
Fwd P/E
0.0×
Dividend yield
—
F-score
4/9
Altman Z
−44.79
Beneish M
−9.85
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 73.32
Revenue 27.53
Net Income (75.99)
Free Cash Flow (222.68)
Net Debt 73.14
Current Ratio 0.19 (below 1: weak)
Debt/Equity (0.64) (negative: negative equity)
P/E ratio 0.00
Fwd P/E 0.00
P/S ratio 0.09
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 2,050.35% (at or above 10%: strong)
Next 5Y EPS Growth 24.57% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.7×, against a ten-year median of 2.8×; over the ten years it ranged from 0.0× in 2022 to 8,473× in 2023.
P/S against its own 10 years 6.49%
10-year low 10-year high
EV/Sales against its own 10 years 45.96%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 75 19 12 11
Receivables 10 6 3 3
Inventory 3 — 0 —
Other 11 — — —
161 60 31 31
2023 2024 2025 Q'26
Payables 21 14 33 35
ST’ Debt 49 139 72 77
Other — — 3 —
115 185 161 166

Compound Annual Growth %

10y 5y 3y
Sales — (34.36%) 9.96%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 18
’24 13 13 6 — 28
’23 5 7 23 10 45
’22 — 2 4 4 13
’21 40 40 — — 5
’20 15 23 47 61 147
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 0
’24 — — — — (25)
’23 — — — — (80)
’22 — — — — (84)
’21 — — — — (85)
’20 — — — — (32)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 0
’24 — (26) — (99) (99)
’23 — (14) — (81) (81)
’22 — — — — (87)
’21 — — — — (85)
’20 — — — (37) (37)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (20.63)
’24 (41.60) (11.41) (1.28) (100.05) (152.41)
’23 (22.40) (67.20) (70.40) (92.80) (259.20)
’22 — (124.80) (0.07) (0.08) (1.31k)
’21 (112.00) (224.00) — — (1.09k)
’20 (416.00) (240.00) 112.00 (38.17) (576.00)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — 15,200.00 10,720.00 10,400.00 4,800.00 752.00 665.60 473.60 22.72 1.96

Analyst estimates 2026–2028

Powerpack
High — 28,576.00 29,760.00 17,600.00 16,320.00 11,200.00 7,184.00 4,089.60 643.20 40.32
People
People Employees 2,370 2,754 3,512 4,014 3,621 — 311 611 225 181
Revenue/emp, $m 0.04 0.05 0.05 0.05 0.04 0.00 0.04 0.07 0.12 0.10
Income, $m
Income, $m Revenue 105 149 185 220 147 5 13 45 28 18
Gross margin, % 48.86 53.34 54.67 54.58 37.09 11.56 6.64 27.73 44.06 85.92
EBT 12 0 31 31 (24) 39 (816) (184) (127) (61)
EBT margin, % 11.68 (0.07) 16.84 14.07 (16.40) 753.58 (6,063.10) (407.20) (461.34) (339.72)
Net income 8 (8) 21 21 (22) 39 (816) (184) (127) (64)
Depreciation 10 8 10 11 14 1 0 2 2 1
Per share, $
Per share, $ Revenue 3,350.70 4,684.75 5,196.32 6,119.53 4,161.22 146.94 22.34 63.84 33.50 5.88
Earnings 240.00 (224.00) 592.00 592.00 (576.00) (1,088.00) (1,308.80) (259.20) (145.10) (20.63)
Cash flow 1,131.44 1,668.74 1,552.64 (159.47) (893.23) (2,399.46) (139.76) (112.73) (29.86) 0.02
Capex (205.37) (256.48) (301.88) (249.80) (160.11) 0.00 (4.12) (1.26) (90.22) 0.00
Free cash flow 926.07 1,412.26 1,250.76 (409.28) (1,053.34) (2,399.46) (143.88) (114.00) (120.08) 0.02
Book value 1,877.67 1,429.34 1,801.04 2,497.94 2,177.31 (396.23) 105.63 (8.70) (125.69) (41.96)
Shares, m 0 0 0 0 0 0 1 1 1 3
Valuation, ×
Valuation, × P/E 332.20 297.60 21.51 18.39 0.00 0.00 0.00 0.00 0.00 0.00
P/S 0.00 0.00 2.45 1.83 2.34 0.15 7,026.77 7.22 0.96 0.10
P/B 0.00 0.00 7.07 4.48 4.48 0.42 5,497.57 0.00 0.00 0.00
EV/Sales 0.00 0.00 1.88 1.49 2.11 0.03 7,026.79 8.76 5.58 4.00
EV/FCF 0.00 0.00 0.00 3.38 11.87 0.24 13,287.63 (2.67) (0.67) (0.48)
Cash, $m
Cash, $m Operating cash flow 35 53 55 (6) (32) (85) (84) (80) (25) 0
Capex (6) (8) (11) (9) (6) 0 (2) (1) (74) —
Free cash flow 29 45 45 (15) (37) (85) (87) (81) (99) 0
Balance, $m
Balance, $m Working capital (8) 17 18 (21) (65) 3 107 46 (125) (130)
Total debt 55 96 85 72 64 18 73 145 146 83
Net debt (42) (71) (106) (74) (34) 16 (1) 69 127 72
Shareholders’ equity 59 45 64 90 77 (14) 64 (6) (103) (128)
Returns, %
Returns, % ROA 3.08 (2.82) 6.58 5.79 (5.24) (20.70) (989.78) (100.40) (84.70) (93.80)
ROIC 39.17 0.00 0.00 131.79 (30.84) (183.13) (358.74) (148.25) (180.09) 0.00
ROE 14.98 (14.15) 37.95 27.66 (24.37) (124.04) (3,292.95) (640.39) 228.67 54.35
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Dec 2024

Charts ten years each

NaaS Technology Inc. Sponsored ADR vs peers in Specialty Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HTLM HomesToLife Ltd $157.0M 14.0× — +8,826.32% (above 0%: growing) n/m −852.49% (below 0%: shrinking) 29.03% 5.24% Compare
ABLV Able View Global Inc. $124.1M 19.9× — — — −94.94% (below 0%: shrinking) — — Compare
GRWG GrowGeneration Corp. $89.0M — (loss-making) — (loss-making) +5.50% (above 0%: growing) n/m +126.60% (above 0%: growing) 28.51% (5.42%) Compare
BARK BARK, Inc. $74.2M — (loss-making) — (loss-making) −23.38% (below 0%: shrinking) n/m +40.58% (above 0%: growing) 72.74% 0.08% Compare
NAAS NaaS Technology Inc. Sponsored ADR $73.3M — (loss-making) — (loss-making) −149.00% (below 0%: shrinking) n/m −165.45% (below 0%: shrinking) (20.78%) 521.12%
NPT Texxon Holding Limited $54.5M — — — — −188.72% (below 0%: shrinking) — — Compare
ZOOZ ZOOZ Strategy Ltd. $52.0M 63.5× — — −300.00% (below 0%: shrinking) +53.24% (above 0%: growing) — — Compare
PTLE PTL Limited $45.0M — — — — — — — Compare
SPWH Sportsman's Warehouse Holdings, Inc. $44.2M — (loss-making) — (loss-making) +0.57% (above 0%: growing) n/m +54.22% (above 0%: growing) 32.48% (0.38%) Compare
Median of peers $64.3M 19.9× — +3.04% — +40.58% 30.76% (0.15%)

All 49 Specialty Retail stocks →

NaaS Technology Inc. Sponsored ADR (NAAS) key facts

  • NaaS Technology Inc. Sponsored ADR (NAAS) is a Specialty Retail company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 9, 2026, NAAS traded at $3.06, a market capitalization of $73.3 million.
  • Return on equity was 54.4% and debt-to-equity -0.64.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −44.79 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

NaaS Technology Inc. Sponsored ADR (NAAS) Latest News

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stockrow.com/NAAS · Data as of Dec 31, 2024 · For information only; not investment advice. · © 2026 stockrow.com