Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd stock ¥2.34, price ¥8.70, that is 73.1% below the price, quality 52 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 7, 2026.
How to read this chart
60‑month range ¥3.05 – ¥9.53 · fair‑value band ¥1.75 – ¥2.54 · the ¥8.70 price screens above the ¥2.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd., together with its subsidiaries, engages in the design, manufacturing, sale, installation, and maintenance of refrigeration, heating, and air conditioning equipment in China and internationally.
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The company offers piston type, screw type, vortex type, and lithium bromide absorption refrigeration machines/units, as well as pressure vessels, combination warehouses, controlled atmosphere fresh-keeping warehouses, refrigeration stations, quick freezing machines, and heat pumps.
It provides maintenance services, including inspection and patrol, routine maintenance, emergency services, technical training, and overhaul workshop; and digital services.
In addition, the company engages in the manufacturing and sale of gas compression machinery; building hardware; and plumbing equipment.
It serves industrial refrigeration and heating, commercial freezing and refrigeration, air conditioning and environment, smart cold chain, industrial internet and intelligent control, and energy storage thermal management and CCUS industries.
The company was formerly known as Dalian Refrigeration Company Limited and changed its name to Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. in March 2020. Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. was founded in 1993 and is headquartered in Dalian, China.
Stock analysis
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) currently trades at ¥8.70, while our model-based Fair Value estimate is ¥2.34, 73% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥2.64 per share, and 0 of the 16 models we run sit above the ¥8.70 price.
Bear case: the Asset-Based group reads lowest at ¥0.6700, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥1.75 (bear) to ¥2.54 (bull), the price of ¥8.70 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 52/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd reported revenue of 4.4B CNY in FY2025 versus 2.1B CNY in FY2021, a compound +20.5%/yr. Reported net income was 62.0M CNY in FY2025.
Key figures
Market cap 7.3B CNY (≈ $1.1B) Small · P/E ratio 286.0 · P/S ratio 1.80 · EPS (TTM) ¥0.0300 · Dividend yield 0.6% · Net margin 0.8% · Return on equity 1.1% · Return on assets (EBIT) −0.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 93% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −73%, 000530 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.6200 to ¥5.22). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥1.75Fair Value ¥2.34Bull¥2.54
Price ¥8.70 · Downside -73.1%
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.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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.9%
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.
+15.0%
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.
+20.6%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 35 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.
+11.0%
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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.
≈ +3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +2.4%
Dividend (yield on the price)0.6%
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.base effect: 2.4% / −8.1%
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.1% → 3%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.066 per share, median 0.20 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Compare Bingshan Refrigeration & Heat Transfer Technologies Co Ltd 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.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 1/14 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−73.1% · Bottom 25%
Profitability
Return on equity (12 months)1.1% · Below median
Return on assets0.8% · Below median
Net margin (12 months)0.8% · Bottom 25%
Operating margin (12 months)2.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−9.7% · Bottom 25%
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)286.0× · Priciest 25%
P/B2.33× · Pricier than median
P/S (12 months)1.80× · Cheaper than median
EV/EBITDA40.2× · Priciest 25%
PEG5.07× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 31
PAST (return on equity)4· sector 27
HEALTH (low debt)94· sector 96
DIVIDEND (yield)11· sector 29
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). "Bingshan Refrigeration & Heat Transfer Technologies Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000530
Frequently asked questions
Is Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥2.34 versus a price of ¥8.70, about 73% lower (overvalued).
What is the fair value of 000530?
Our model-based fair value for Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is ¥2.34 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥8.70.
What is the quality score of 000530?
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd has a Quality Score of 52/100. 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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
Our model-based price target is the fair value of ¥2.34 (as of Nov 7, 2026) from 16 valuation models. Cautious scenario ¥1.75, optimistic scenario ¥2.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Bingshan Refrigeration & Heat Transfer Technologies Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.34, about 73% lower versus a price of ¥8.70 (overvalued). Cautious scenario ¥1.75, optimistic scenario ¥2.54. The calculation is refreshed regularly with new filings.
What is the revenue of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd reported trailing-twelve-month revenue of about 4.1B CNY (latest available figure, as of Nov 7, 2026).
Does Bingshan Refrigeration & Heat Transfer Technologies Co Ltd pay a dividend?
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd currently shows a dividend yield of 0.57% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) and when is the ex-dividend date?
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd pays a dividend of ¥0.05 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Jul 10, 2026. A dividend has been paid every year since at least 1995. The payout ratio is 167% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bingshan Refrigeration & Heat Transfer Technologies Co Ltd it is ¥2.34 per share (as of Nov 7, 2026), against a price of ¥8.70. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Bingshan Refrigeration & Heat Transfer Technologies Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 000530 trades above its calculated fair value: price ¥8.70, fair value ¥2.34, a gap of about −73% (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 000530?
No. The price is what the market pays today (¥8.70); the fair value is what the company's own numbers justify (¥2.34). For Bingshan Refrigeration & Heat Transfer Technologies Co Ltd the two are ¥6.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bingshan Refrigeration & Heat Transfer Technologies Co Ltd worth?
The market values Bingshan Refrigeration & Heat Transfer Technologies Co Ltd at about 7.3B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥8.70; our models calculate a fair value of ¥2.34 per share.
What do the bullish and bearish scenarios say about 000530?
Our models span a range for Bingshan Refrigeration & Heat Transfer Technologies Co Ltd: cautious scenario ¥1.75, base ¥2.34, optimistic ¥2.54 per share (as of Nov 7, 2026, price ¥8.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000530?
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd trades at a price-to-earnings ratio of 286.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥2.34 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 67.6. Other multiples: PEG 5.1, P/B 2.3, P/S 1.8, EV/EBITDA 40.2.
What is the PEG ratio of 000530?
The PEG ratio of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is 5.07 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
Balance-sheet figures for Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (as of Nov 7, 2026): return on equity 1.1%, debt of 0.12 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 000530 from its 52-week high?
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd trades at ¥8.70, about 9% below its 52-week high of ¥9.53 and 93% above the low of ¥4.51 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.34 is for.
Which stocks are comparable to Bingshan Refrigeration & Heat Transfer Technologies Co Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ¥8.70, calculated fair value ¥2.34 (−73%), Quality Score 52/100, 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 000530 calculated?
We run Bingshan Refrigeration & Heat Transfer Technologies 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 ¥2.34 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 13.0% above its aggregate fair value. Bingshan Refrigeration & Heat Transfer Technologies 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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
The closing price on Nov 6, 2026 was ¥8.70. Our model-based fair value is ¥2.34, about 73% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bingshan Refrigeration & Heat Transfer Technologies Co Ltd right now?
The price sits above even our optimistic bull case (¥2.54). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) come from?
Earnings per share at Bingshan Refrigeration & Heat Transfer Technologies Co Ltd grew −10.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +9.6 %, EBIT margin −16.5 %, tax rate −0.3 %, residual (interest, one-offs) −1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd
How large is the market capitalisation of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
The market capitalisation of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is 7.3B CNY (≈ $1.1B). 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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
The price-to-sales ratio of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is 1.80 (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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
Earnings per share at Bingshan Refrigeration & Heat Transfer Technologies Co Ltd are ¥0.0300 (price ÷ EPS = P/E 286.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
The dividend yield of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is 0.6% (payout 167%). 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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
The net margin of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is 0.8% (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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
The return on equity (ROE) of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is 1.1% (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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
On an EBIT basis the return on assets of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is −0.2% (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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
The operating margin of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
Revenue at Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is growing −9.7% versus a year earlier (3y avg +15.0%). 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 Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)?
Earnings per share at Bingshan Refrigeration & Heat Transfer Technologies Co Ltd are growing −19.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) generate?
The free cash flow of Bingshan Refrigeration & Heat Transfer Technologies Co Ltd is −70.8M 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 cash does Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) hold?
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd holds more cash than debt, 308M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026