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Data-driven stock valuation

BGT Group Co. Ltd. (300774) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of BGT Group Co. Ltd. stock ¥3.70, price ¥7.74, that is 52.2% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.

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Utilities CN · ISIN CNE100004N34

BG BGT Group Co. Ltd. logo Some data Nov 5, 2026

BGT Group Co. Ltd.

300774 · SHE
Very expensive, weak quality

Our calculation puts a fair price 52% below what the stock costs today.

Low debt
Quality 40/100
Expensive Growth (revenue 5y +11.8 %/yr in CNY)
Thin margins · 1.3% net margin (TTM)
0.3% dividend yield · Token dividend
Some data
Costs 194 times its yearly profit.
Fair value ¥3.70 · Strongly overvalued
Negative free cash flow
Trails peers (2/13)
Narrow moat 30/100
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥28.52 ¥5.84 Fair Value ¥3.70 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥5.84 – ¥28.52 · fair‑value band ¥2.78 – ¥4.63 · the ¥7.74 price screens above the ¥3.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

BGT Group Co., Ltd. focuses on industrial water treatment, salt wastewater resource reuse, and comprehensive development of salt lakes and mineral resources in China.

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The company is involved in salinity water resource utilization, industrial wastewater treatment, lithium extraction from salt lakes and comprehensive mineral developments.

It also offers raw water treatment, recycled water treatment, desalination, chemical water treatment systems, boiler make-up water treatment, condensate treatment, wastewater treatment, industrial wastewater treatment, industrial park wastewater treatment, and other industrial wastewater treatment.

In addition, it is involved in membrane application technology, project execution, performance data, and project experience gained from industrial salinity wastewater zero liquid discharge and salt separation projects, tailored solutions combining membrane-based processes with adsorption methods for various salt lake water qualities that enable the extraction and utilization of other valuable elements within the salt lake, such as potassium, rubidium, cesium, and boron, thereby achieving comprehensive salt lake resource utilization.

Further, the company offers activated coke for water purification, activated coke for wastewater treatment, and integrates adsorption, desulfurization, and purification functionalities that are used in purification of toxic and harmful gases, waste gas treatment, purification of industrial wastewater and domestic sewage, and solvent recovery.

BGT Group Co., Ltd. was founded in 2004 and is based in Beijing, China.

Stock analysis

BGT Group Co. Ltd. (300774) currently trades at ¥7.74, while our model-based Fair Value estimate is ¥3.70, 52% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ¥4.08 per share, and 0 of the 16 models we run sit above the ¥7.74 price.

Bear case: the Asset-Based group reads lowest at ¥1.31, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.

Scenario range: ¥2.78 (bear) to ¥4.63 (bull), the price of ¥7.74 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 40/100 (below-average quality), in the Utilities sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

BGT Group Co. Ltd. reported revenue of 1.0B CNY in FY2025 versus 713M CNY in FY2021, a compound +9.2%/yr. Reported net income was 84.1M CNY in FY2025, compounding −16.7%/yr from FY2021.

Key figures

Market cap 3.5B CNY (≈ $520M) Small · P/E ratio 193.5 · P/S ratio 3.54 · EPS (TTM) ¥0.0400 · Dividend yield 0.3% · Net margin 1.3% · Return on equity 1.0% · Return on assets (EBIT) 6.9% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).

What moves the price

The share trades about 73% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −43% fair-value upside, at −52%, 300774 screens richer than that median.

Fair Value models

Bear ¥2.78 Fair Value ¥3.70 Bull ¥4.63
Price ¥7.74 · Downside -52.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0129 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income ¥2.63 ¥2.66 ¥2.78 76
ROIC Compounder ¥1.83 ¥2.05 ¥2.23 72
EPV ¥1.83 ¥2.05 ¥2.23 71
All 16 models by family
Earnings-Based
Graham-Dodd ¥1.40 ¥7.60 ¥10.54 63
Lynch FV ¥2.11 ¥3.01 ¥3.92 61
PEG = 1.0 ¥2.11 ¥3.01 ¥3.92 57
EPV ¥1.83 ¥2.05 ¥2.23 71
Dividend Discount
Gordon GGM ¥1.46 ¥2.50 ¥3.30 68
DDM Multi-Stage ¥1.46 ¥2.34 ¥2.68 67
Multiples
P/E Multiple ¥2.78 ¥3.70 ¥4.63 63
P/S Multiple ¥2.62 ¥3.50 ¥4.37 58
P/B Multiple ¥2.64 ¥3.52 ¥4.39 55
EV/EBIT ¥3.27 ¥4.39 ¥5.51 66
EV/EBITDA ¥2.95 ¥3.96 ¥4.98 67
EV/Revenue ¥2.62 ¥3.79 ¥4.96 53
Asset-Based
NCAV (Graham) ¥0.9800 ¥1.31 ¥1.95 54
Economic Profit
Residual Income ¥2.63 ¥2.66 ¥2.78 76
ROIC Compounder ¥1.83 ¥2.05 ¥2.23 72
Growth Earnings
Growth-Adj P/E ¥2.86 ¥4.08 ¥5.31 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 25
How much profit the company makes from its sales and capital
Quality Growth 12
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 61
Debt, balance sheet and risk of trouble
Investment 42
Does it invest with discipline instead of growing at any price?
Low Volatility 30
How calm the share price moves, does not count
Price momentum 9
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−12.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.7%
Dividend (yield on the price)0.3%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.30% → 12%

300774 screens overvalued: fair value 52% below the price. Compare with American Water Works Company →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Water · 64 stocks

Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −52.2% · Below median
Profitability
Return on equity (12 months) 1.0% · Bottom 25%
Return on assets 2.3% · Below median
Net margin (12 months) 1.3% · Bottom 25%
Operating margin (12 months) 6.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 14.0% · Above median
Dividend yield (12 months) 0.3% · Bottom 25%
Balance sheet
Debt / equity 0.19× · Lowest 25%

Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper

P/E (12 months) 193.5× · Priciest 25%
P/B 2.34× · Priciest 25%
P/S (12 months) 3.54× · Pricier than median
EV/EBITDA 39.7× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)70 · sector 32
PAST (return on equity)4 · sector 30
HEALTH (low debt)91 · sector 68
DIVIDEND (yield)6 · sector 50

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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BGT Group Co. Ltd.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "BGT Group Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/300774

Frequently asked questions

Is BGT Group Co. Ltd. (300774) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥3.70 versus a price of ¥7.74, about 52% lower (overvalued).
What is the fair value of 300774?
Our model-based fair value for BGT Group Co. Ltd. is ¥3.70 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥7.74.
What is the quality score of 300774?
BGT Group Co. Ltd. has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BGT Group Co. Ltd. (300774)?
Our model-based price target is the fair value of ¥3.70 (as of Nov 5, 2026) from 16 valuation models. Cautious scenario ¥2.78, optimistic scenario ¥4.63. It is a calculation from audited fundamentals, not an analyst target.
What is the BGT Group Co. Ltd. stock forecast for 2026?
Our models put fair value at ¥3.70, about 52% lower versus a price of ¥7.74 (overvalued). Cautious scenario ¥2.78, optimistic scenario ¥4.63. The calculation is refreshed regularly with new filings.
What is the revenue of BGT Group Co. Ltd. (300774)?
BGT Group Co. Ltd. reported trailing-twelve-month revenue of about 981M CNY (latest available figure, as of Nov 5, 2026).
Does BGT Group Co. Ltd. pay a dividend?
BGT Group Co. Ltd. currently shows a dividend yield of 0.32% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of BGT Group Co. Ltd. (300774) and when is the ex-dividend date?
BGT Group Co. Ltd. pays a dividend of ¥0.025 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Jun 2, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 62.5% of earnings. Our assessment: Token dividend. At a yield of 0.3% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.3% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of BGT Group Co. Ltd. (300774)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BGT Group Co. Ltd. it is ¥3.70 per share (as of Nov 5, 2026), against a price of ¥7.74. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is BGT Group Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 300774 trades above its calculated fair value: price ¥7.74, fair value ¥3.70, a gap of about −52% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 300774?
No. The price is what the market pays today (¥7.74); the fair value is what the company's own numbers justify (¥3.70). For BGT Group Co. Ltd. the two are ¥4.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is BGT Group Co. Ltd. worth?
The market values BGT Group Co. Ltd. at about 3.5B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥7.74; our models calculate a fair value of ¥3.70 per share.
What do the bullish and bearish scenarios say about 300774?
Our models span a range for BGT Group Co. Ltd.: cautious scenario ¥2.78, base ¥3.70, optimistic ¥4.63 per share (as of Nov 5, 2026, price ¥7.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300774?
BGT Group Co. Ltd. trades at a price-to-earnings ratio of 193.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥3.70 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 51.6. Other multiples: P/B 2.3, P/S 3.5, EV/EBITDA 39.7.
How solid is the balance sheet of BGT Group Co. Ltd. (300774)?
Balance-sheet figures for BGT Group Co. Ltd. (as of Nov 5, 2026): return on equity 1.0%, debt of 0.19 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 300774 from its 52-week high?
BGT Group Co. Ltd. trades at ¥7.74, about 73% below its 52-week high of ¥28.52 and 7% above the low of ¥7.23 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.70 is for.
Which stocks are comparable to BGT Group Co. Ltd.?
From the same area (Utilities) we also value American Water Works Company, Essential Utilities, Inc, Grandblue Environment Co, American States Water Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BGT Group Co. Ltd. stock attractive at the current price?
The data as of Nov 5, 2026: price ¥7.74, calculated fair value ¥3.70 (−52%), Quality Score 40/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 300774 calculated?
We run BGT Group Co. Ltd. through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥3.70 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. BGT Group Co. Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BGT Group Co. Ltd. (300774)?
The closing price on Nov 6, 2026 was ¥7.74. Our model-based fair value is ¥3.70, about 52% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BGT Group Co. Ltd. right now?
The price sits above even our optimistic bull case (¥4.63). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.

Key figures of BGT Group Co. Ltd.

How large is the market capitalisation of BGT Group Co. Ltd. (300774)?
The market capitalisation of BGT Group Co. Ltd. is 3.5B CNY (≈ $520M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BGT Group Co. Ltd. (300774)?
The price-to-sales ratio of BGT Group Co. Ltd. is 3.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BGT Group Co. Ltd. (300774)?
Earnings per share at BGT Group Co. Ltd. are ¥0.0400 (price ÷ EPS = P/E 193.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BGT Group Co. Ltd. (300774)?
The dividend yield of BGT Group Co. Ltd. is 0.3% (payout 62.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BGT Group Co. Ltd. (300774)?
The net margin of BGT Group Co. Ltd. is 1.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BGT Group Co. Ltd. (300774)?
The return on equity (ROE) of BGT Group Co. Ltd. is 1.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BGT Group Co. Ltd. (300774)?
On an EBIT basis the return on assets of BGT Group Co. Ltd. is 6.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BGT Group Co. Ltd. (300774)?
The operating margin of BGT Group Co. Ltd. is 6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BGT Group Co. Ltd. (300774)?
Revenue at BGT Group Co. Ltd. is growing +14.0% versus a year earlier (3y avg +6.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BGT Group Co. Ltd. (300774)?
Earnings per share at BGT Group Co. Ltd. are growing −67.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BGT Group Co. Ltd. (300774) generate?
The free cash flow of BGT Group Co. Ltd. is −336M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does BGT Group Co. Ltd. (300774) carry?
The net debt of BGT Group Co. Ltd. is 42.0M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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