Bestlink Tech Co Ltd (603206) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bestlink Tech Co Ltd stock ¥10.91, price ¥13.06, that is 16.5% below the price, quality 48 out of 100. Rating: overvalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
54‑month range ¥11.21 – ¥29.36 · fair‑value band ¥7.81 – ¥14.49 · the ¥13.06 price screens above the ¥10.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow Bestlink Tech Co in your weekly email
Every Wednesday you see whether Bestlink Tech Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Bestlink Technologies Co.,Ltd. provides information and communication technology services in China.
Show moreShow less
The company offers network construction, network operation and maintenance, information and communication system software debugging, network optimization, ICT education and training, and intelligence services.
It serves electric energy, transportation, smart home, smart campus, smart park, smart water, as well as government and enterprise. The company was founded in 1998 and is headquartered in Nanjing, China.
Stock analysis
Bestlink Tech Co Ltd (603206) currently trades at ¥13.06, while our model-based Fair Value estimate is ¥10.91, 16% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of ¥20.20 per share, and 10 of the 26 models we run sit above the ¥13.06 price.
Bear case: the Dividend Discount group reads lowest at ¥1.63, and 16 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥7.81 (bear) to ¥14.49 (bull), the price of ¥13.06 sits inside 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 48/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bestlink Tech Co Ltd reported revenue of 4.7B CNY in FY2025 versus 3.6B CNY in FY2021, a compound +7.1%/yr. Reported net income was 53.2M CNY in FY2025, compounding −29.1%/yr from FY2021.
Key figures
Market cap 4.0B CNY (≈ $597M) Small · P/E ratio 108.8 · P/S ratio 0.87 · EPS (TTM) ¥0.1200 · Dividend yield 0.5% · Net margin 0.9% · Return on equity 1.6% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −16%, 603206 screens richer than that median.
Fair Value models
Bear¥7.81Fair Value ¥10.91Bull¥14.49
Price ¥13.06 · Downside -16.5%
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 (¥0.0515 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
FCF DCF¥18.42¥25.81¥36.2179
Growth DCF¥18.50¥24.85¥33.1877
Residual Income¥4.79¥4.85¥5.0976
All 26 models by family
DCF Models
FCF DCF¥18.42¥25.81¥36.2179
Owner Earnings¥7.59¥9.46¥12.1075
5Y Revenue Exit¥12.17¥15.34¥19.1871
5Y EBITDA Exit¥13.91¥18.65¥24.0874
5Y P/E Exit¥11.45¥13.98¥16.5269
10Y Revenue Exit¥14.36¥17.79¥22.0966
10Y EBITDA Exit¥15.54¥19.96¥25.6567
10Y P/E Exit¥14.06¥16.89¥20.1663
Earnings-Based
Graham-Dodd¥1.19¥3.99¥5.3564
Lynch FV¥0.9100¥1.30¥1.6961
PEG = 1.0¥0.9100¥1.30¥1.6957
EPV¥7.42¥7.93¥8.3670
Dividend Discount
Gordon GGM¥0.9300¥1.73¥2.4667
DDM Multi-Stage¥0.9300¥1.52¥1.8567
Multiples
P/E Multiple¥3.66¥4.88¥6.1063
P/S Multiple¥2.22¥2.97¥3.7158
P/B Multiple¥33.08¥44.11¥55.1455
EV/EBIT¥8.61¥11.66¥14.7163
EV/EBITDA¥7.57¥10.28¥12.9964
EV/Revenue¥4.08¥6.06¥8.0551
Asset-Based
NCAV (Graham)¥4.34¥6.58¥8.2252
Growth DCF
Growth DCF¥18.50¥24.85¥33.1877
Rev-Margin DCF¥12.17¥15.54¥19.5871
Economic Profit
Residual Income¥4.79¥4.85¥5.0976
ROIC Compounder¥7.42¥8.20¥9.1570
Growth Earnings
Growth-Adj P/E¥3.02¥4.32¥5.6167
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.6%
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.
+6.0%
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.
+9.9%
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.
+12.9%
’19
’20
’21
’22
’23
’24
’25
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.
−24.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.6%
Dividend (yield on the price)0.5%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −2.9% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Information Technology Services · 479 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−16.5% · Below median
Profitability
Return on equity (12 months)1.6% · Below median
Return on assets0.6% · Below median
Net margin (12 months)0.9% · Below median
Operating margin (12 months)1.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−11.4% · Bottom 25%
Dividend yield (12 months)0.5% · Bottom 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)108.8× · Priciest 25%
P/B1.76× · Cheaper than median
P/S (12 months)0.87× · Cheaper than median
Price / free cash flow (fiscal year)9.7× · Cheaper than median
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). "Bestlink Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603206
Frequently asked questions
Is Bestlink Tech Co Ltd (603206) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥10.91 versus a price of ¥13.06, about 16% lower (overvalued).
What is the fair value of 603206?
Our model-based fair value for Bestlink Tech Co Ltd is ¥10.91 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥13.06.
What is the quality score of 603206?
Bestlink Tech Co Ltd has a Quality Score of 48/100. 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 Bestlink Tech Co Ltd (603206)?
Our model-based price target is the fair value of ¥10.91 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario ¥7.81, optimistic scenario ¥14.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Bestlink Tech Co Ltd stock forecast for 2026?
Our models put fair value at ¥10.91, about 16% lower versus a price of ¥13.06 (overvalued). Cautious scenario ¥7.81, optimistic scenario ¥14.49. The calculation is refreshed regularly with new filings.
What is the revenue of Bestlink Tech Co Ltd (603206)?
Bestlink Tech Co Ltd reported trailing-twelve-month revenue of about 4.6B CNY (latest available figure, as of Nov 5, 2026).
Does Bestlink Tech Co Ltd pay a dividend?
Bestlink Tech Co Ltd currently shows a dividend yield of 0.46% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Bestlink Tech Co Ltd (603206) and when is the ex-dividend date?
Bestlink Tech Co Ltd pays a dividend of ¥0.06 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Jun 3, 2026. The payout ratio is 50.0% of earnings. Free cash flow covers the dividend 22.35 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Bestlink Tech Co Ltd (603206)?
For today's price to be fair in a discounted-cash-flow model, Bestlink Tech Co Ltd would have to grow free cash flow by -1.2 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 603206 use?
Our models discount Bestlink Tech Co Ltd at 10.4 %: a base by market capitalisation (small), damped by beta 0.39, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bestlink Tech Co Ltd that is -1.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Bestlink Tech Co Ltd (603206) delivered so far?
Over the past 5 years revenue at Bestlink Tech Co Ltd grew +9.9 % a year. The price currently implies free-cash-flow growth of -1.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bestlink Tech Co Ltd (603206) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Bestlink Tech Co Ltd (-1.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bestlink Tech Co Ltd (603206)?
The free-cash-flow yield on the price is 10.27 %: that much free cash flow Bestlink Tech Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bestlink Tech Co Ltd (603206)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bestlink Tech Co Ltd it is ¥10.91 per share (as of Nov 5, 2026), against a price of ¥13.06. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Bestlink Tech Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 603206 trades above its calculated fair value: price ¥13.06, fair value ¥10.91, a gap of about −16% (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 603206?
No. The price is what the market pays today (¥13.06); the fair value is what the company's own numbers justify (¥10.91). For Bestlink Tech Co Ltd the two are ¥2.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bestlink Tech Co Ltd worth?
The market values Bestlink Tech Co Ltd at about 4.0B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥13.06; our models calculate a fair value of ¥10.91 per share.
What do the bullish and bearish scenarios say about 603206?
Our models span a range for Bestlink Tech Co Ltd: cautious scenario ¥7.81, base ¥10.91, optimistic ¥14.49 per share (as of Nov 5, 2026, price ¥13.06). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603206?
Bestlink Tech Co Ltd trades at a price-to-earnings ratio of 108.8 (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 ¥10.91 is built from several models across several years. Other multiples: P/B 1.8, P/S 0.9, EV/EBITDA 40.6.
How solid is the balance sheet of Bestlink Tech Co Ltd (603206)?
Balance-sheet figures for Bestlink Tech Co Ltd (as of Nov 5, 2026): return on equity 1.6%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 603206 from its 52-week high?
Bestlink Tech Co Ltd trades at ¥13.06, about 38% below its 52-week high of ¥20.95 and 7% above the low of ¥12.17 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥10.91 is for.
Which stocks are comparable to Bestlink Tech Co Ltd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Bestlink Tech Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥13.06, calculated fair value ¥10.91 (−16%), Quality Score 48/100, from 26 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 603206 calculated?
We run Bestlink Tech Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥10.91 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. Bestlink Tech 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 Bestlink Tech Co Ltd (603206)?
The closing price on Nov 6, 2026 was ¥13.06. Our model-based fair value is ¥10.91, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bestlink Tech Co Ltd right now?
Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥7.81 to ¥14.49) leaves room in how you read the outcome.
Key figures of Bestlink Tech Co Ltd
How large is the market capitalisation of Bestlink Tech Co Ltd (603206)?
The market capitalisation of Bestlink Tech Co Ltd is 4.0B CNY (≈ $597M). 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 Bestlink Tech Co Ltd (603206)?
The price-to-sales ratio of Bestlink Tech Co Ltd is 0.87 (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 Bestlink Tech Co Ltd (603206)?
Earnings per share at Bestlink Tech Co Ltd are ¥0.1200 (price ÷ EPS = P/E 108.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bestlink Tech Co Ltd (603206)?
The dividend yield of Bestlink Tech Co Ltd is 0.5% (payout 50.0%). 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 Bestlink Tech Co Ltd (603206)?
The net margin of Bestlink Tech Co Ltd is 0.9% (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 Bestlink Tech Co Ltd (603206)?
The return on equity (ROE) of Bestlink Tech Co Ltd is 1.6% (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 Bestlink Tech Co Ltd (603206)?
On an EBIT basis the return on assets of Bestlink Tech Co Ltd is 5.1% (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 Bestlink Tech Co Ltd (603206)?
The operating margin of Bestlink Tech Co Ltd is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bestlink Tech Co Ltd (603206)?
Revenue at Bestlink Tech Co Ltd is growing −11.4% versus a year earlier (3y avg +6.0%). 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 Bestlink Tech Co Ltd (603206)?
Earnings per share at Bestlink Tech Co Ltd are growing −37.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bestlink Tech Co Ltd (603206) carry?
The net debt of Bestlink Tech Co Ltd is 170M CNY (fiscal year 2025, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Bestlink Tech Co Ltd in the live analysis
One click puts Bestlink Tech Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 5, 2026