Ningbo Kbe Electrical Technology Co (300863) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Ningbo Kbe Electrical Technology Co stock ¥8.06, price ¥33.05, that is 75.6% below the price, quality 21 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range ¥10.80 – ¥76.63 · fair‑value band ¥5.82 – ¥11.80 · the ¥33.05 price screens above the ¥8.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Ningbo KBE Electrical Technology Co.,Ltd. provides automotive cable products and services in China and internationally. The company offers EV, data, and aluminum cables, as well as German, Japanese, American, ISO, and Chinese standard products.
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Its products include common wires, special materials, sheathed cables, shield cables, insulation low tension wires, multi-core sheath cables, and compressed cables. The company was founded in 1986 and is headquartered in Shanghai, China.
Ningbo KBE Electrical Technology Co.,Ltd. is a subsidiary of Ningbo Xinxie Industrial Group Co., Ltd.
Stock analysis
Ningbo Kbe Electrical Technology Co (300863) currently trades at ¥33.05, while our model-based Fair Value estimate is ¥8.06, 76% 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 ¥12.70 per share, and 0 of the 16 models we run sit above the ¥33.05 price.
Bear case: the Asset-Based group reads lowest at ¥3.19, and 16 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥5.82 (bear) to ¥11.80 (bull), the price of ¥33.05 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 21/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ningbo Kbe Electrical Technology Co reported revenue of 4.0B CNY in FY2025 versus 2.3B CNY in FY2021, a compound +15.6%/yr. Reported net income was 119M CNY in FY2025, compounding +8.4%/yr from FY2021.
Key figures
Market cap 9.1B CNY (≈ $1.4B) Small · P/E ratio 75.1 · P/S ratio 2.04 · EPS (TTM) ¥0.4400 · Dividend yield 0.4% · Net margin 3.1% · Return on equity 9.5% · Return on assets (EBIT) 5.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The share trades about 57% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at −76%, 300863 screens richer than that median.
Fair Value models
Bear¥5.82Fair Value ¥8.06Bull¥11.80
Price ¥33.05 · Downside -75.6%
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 (¥0.2579 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.
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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.9%
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.
+11.1%
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.
+26.2%
Start year 2020 (pandemic)
Revenue growth 9 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.
+21.5%
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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.
+5.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.0%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.0% vs 6.1%, steady
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.5% → 5%
Compare Ningbo Kbe Electrical Technology Co with another stock
Price, fair value, quality and upside side by side.
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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.Auto Parts · 668 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score21 · Bottom 25%
Fair Value upside−75.6% · Bottom 25%
Profitability
Return on equity (12 months)9.5% · Above median
Return on assets2.7% · Below median
Net margin (12 months)3.1% · Below median
Operating margin (12 months)3.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)29.6% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (12 months)75.1× · Priciest 25%
P/B6.50× · Priciest 25%
P/S (12 months)2.04× · Priciest 25%
EV/EBITDA34.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)100· sector 34
PAST (return on equity)38· sector 30
HEALTH (low debt)74· sector 95
DIVIDEND (yield)9· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ningbo Kbe Electrical Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300863
Frequently asked questions
Is Ningbo Kbe Electrical Technology Co (300863) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of ¥8.06 versus a price of ¥33.05, about 76% lower (overvalued).
What is the fair value of 300863?
Our model-based fair value for Ningbo Kbe Electrical Technology Co is ¥8.06 (as of Nov 11, 2026), built from audited fundamentals. The current price: ¥33.05.
What is the quality score of 300863?
Ningbo Kbe Electrical Technology Co has a Quality Score of 21/100. 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 Ningbo Kbe Electrical Technology Co (300863)?
Our model-based price target is the fair value of ¥8.06 (as of Nov 11, 2026) from 16 valuation models. Cautious scenario ¥5.82, optimistic scenario ¥11.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningbo Kbe Electrical Technology Co stock forecast for 2026?
Our models put fair value at ¥8.06, about 76% lower versus a price of ¥33.05 (overvalued). Cautious scenario ¥5.82, optimistic scenario ¥11.80. The calculation is refreshed regularly with new filings.
What is the revenue of Ningbo Kbe Electrical Technology Co (300863)?
Ningbo Kbe Electrical Technology Co reported trailing-twelve-month revenue of about 4.4B CNY (latest available figure, as of Nov 11, 2026).
Does Ningbo Kbe Electrical Technology Co pay a dividend?
Ningbo Kbe Electrical Technology Co currently shows a dividend yield of 0.43% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Ningbo Kbe Electrical Technology Co (300863) and when is the ex-dividend date?
Ningbo Kbe Electrical Technology Co pays a dividend of ¥0.143 per share a year, a dividend yield of 0.4%. The last ex-dividend date was May 29, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 32.5% of earnings. Our assessment: Token dividend. At a yield of 0.4% 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 0.4% 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 Ningbo Kbe Electrical Technology Co (300863)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningbo Kbe Electrical Technology Co it is ¥8.06 per share (as of Nov 11, 2026), against a price of ¥33.05. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ningbo Kbe Electrical Technology Co stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 300863 trades above its calculated fair value: price ¥33.05, fair value ¥8.06, a gap of about −76% (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 300863?
No. The price is what the market pays today (¥33.05); the fair value is what the company's own numbers justify (¥8.06). For Ningbo Kbe Electrical Technology Co the two are ¥24.99 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningbo Kbe Electrical Technology Co worth?
The market values Ningbo Kbe Electrical Technology Co at about 9.1B CNY (market capitalisation, as of Nov 11, 2026). Per share that is ¥33.05; our models calculate a fair value of ¥8.06 per share.
What do the bullish and bearish scenarios say about 300863?
Our models span a range for Ningbo Kbe Electrical Technology Co: cautious scenario ¥5.82, base ¥8.06, optimistic ¥11.80 per share (as of Nov 11, 2026, price ¥33.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300863?
Ningbo Kbe Electrical Technology Co trades at a price-to-earnings ratio of 75.1 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.06 is built from several models across several years. Other multiples: P/B 6.5, P/S 2.0, EV/EBITDA 34.7.
How solid is the balance sheet of Ningbo Kbe Electrical Technology Co (300863)?
Balance-sheet figures for Ningbo Kbe Electrical Technology Co (as of Nov 11, 2026): return on equity 9.5%, debt of 0.51 per unit of equity. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is 300863 from its 52-week high?
Ningbo Kbe Electrical Technology Co trades at ¥33.05, about 57% below its 52-week high of ¥76.63 and 8% above the low of ¥30.60 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.06 is for.
Which stocks are comparable to Ningbo Kbe Electrical Technology Co?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Ningbo Kbe Electrical Technology Co stock attractive at the current price?
The data as of Nov 11, 2026: price ¥33.05, calculated fair value ¥8.06 (−76%), Quality Score 21/100, 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 300863 calculated?
We run Ningbo Kbe Electrical Technology Co 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 ¥8.06 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 14.3% above its aggregate fair value. Ningbo Kbe Electrical Technology Co 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 Ningbo Kbe Electrical Technology Co (300863)?
The closing price on Nov 12, 2026 was ¥33.05. Our model-based fair value is ¥8.06, about 76% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningbo Kbe Electrical Technology Co right now?
The price sits above even our optimistic bull case (¥11.80). The favourable scenario is already priced in. Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥5.82 to ¥11.80) leaves room in how you read the outcome.
Key figures of Ningbo Kbe Electrical Technology Co
How large is the market capitalisation of Ningbo Kbe Electrical Technology Co (300863)?
The market capitalisation of Ningbo Kbe Electrical Technology Co is 9.1B CNY (≈ $1.4B). 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 Ningbo Kbe Electrical Technology Co (300863)?
The price-to-sales ratio of Ningbo Kbe Electrical Technology Co is 2.04 (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 Ningbo Kbe Electrical Technology Co (300863)?
Earnings per share at Ningbo Kbe Electrical Technology Co are ¥0.4400 (price ÷ EPS = P/E 75.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ningbo Kbe Electrical Technology Co (300863)?
The dividend yield of Ningbo Kbe Electrical Technology Co is 0.4% (payout 32.5%). 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 Ningbo Kbe Electrical Technology Co (300863)?
The net margin of Ningbo Kbe Electrical Technology Co is 3.1% (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 Ningbo Kbe Electrical Technology Co (300863)?
The return on equity (ROE) of Ningbo Kbe Electrical Technology Co is 9.5% (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 Ningbo Kbe Electrical Technology Co (300863)?
On an EBIT basis the return on assets of Ningbo Kbe Electrical Technology Co is 5.5% (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 Ningbo Kbe Electrical Technology Co (300863)?
The operating margin of Ningbo Kbe Electrical Technology Co is 3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningbo Kbe Electrical Technology Co (300863)?
Revenue at Ningbo Kbe Electrical Technology Co is growing +29.6% versus a year earlier (3y avg +11.1%). 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 Ningbo Kbe Electrical Technology Co (300863)?
Earnings per share at Ningbo Kbe Electrical Technology Co are growing −86.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ningbo Kbe Electrical Technology Co (300863) generate?
The free cash flow of Ningbo Kbe Electrical Technology Co is −721M 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 Ningbo Kbe Electrical Technology Co (300863) carry?
The net debt of Ningbo Kbe Electrical Technology Co is 1.8B 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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Nov 11, 2026