Bohai Water Industry Co Ltd (000605) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bohai Water Industry Co Ltd ¥0.82, price ¥5.95, upside -86.2%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥3.80 – ¥13.49 · fair‑value band ¥0.5700 – ¥1.07 · the ¥5.95 price screens above the ¥0.8200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Bohai Water Industry Co.,Ltd engages in the sewage treatment and solid and hazardous waste treatment business in China. It operates through Water Supply Services; Heating Services; and Environmental Governance and Solid Waste and Hazardous Waste segments.
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Bohai Water Industry Co.,Ltd engages in the sewage treatment and solid and hazardous waste treatment business in China. It operates through Water Supply Services; Heating Services; and Environmental Governance and Solid Waste and Hazardous Waste segments. The company is involved in sale of raw water and tap water; heating; raw water development and supply; inter-regional water transfer; coarse water; tap water production and transportation; high-value-added operation of high-quality groundwater; direct drinking water; centralized urban water supply; new water technology research and development, and application; investment, construction, and operation management of water environment governance infrastructure, as well as the investment and general contracting of municipal and park sewage treatment projects. It also offers handle solid waste and hazardous waste disposal, resource recycling, and clean energy heating services. Bohai Water Industry Co.,Ltd was founded in 1996 and is based in Beijing, China.
Stock analysis
Bohai Water Industry Co Ltd (000605) currently trades at ¥5.95, while our model-based Fair Value estimate is ¥0.8200, implying the stock looks roughly 625.7% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥4.04 per share, and 1 of the 12 models we run sit above the ¥5.95 price.
Bear case: the Multiples group reads lowest at ¥0.4400, and 11 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥0.5700 (bear) to ¥1.07 (bull), the price of ¥5.95 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.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Bohai Water Industry Co Ltd reported revenue of 1.9B CNY in FY2025 versus 1.8B CNY in FY2021, a compound +0.8%/yr. Reported net income was 8.5M CNY in FY2025, compounding −7.1%/yr from FY2021.
Key figures
Market cap 2.1B CNY (≈ $313M) · P/E ratio 198.3 · P/S ratio 0.90 · EPS (TTM) ¥0.0300 · Dividend yield 0.2% · Net margin 0.5% · Return on equity 1.4% · Return on assets (EBIT) 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −42% fair-value upside, at −86%, 000605 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.4100 to ¥6.06). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥0.5700Fair Value ¥0.8200Bull ¥1.07
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0132 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.Evidence ⓘEvidence = 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.25/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+6.4%
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.
+2.2%
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.
−0.1%
Start year 2020 (pandemic). Over 10 years: +9.4% a year
Revenue growth 32 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.
+9.8%
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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.
−15.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.9%
Dividend (yield on the price)0.2%
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.−16% vs −17%, 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.2% → 8%
Compare Bohai Water Industry 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.Utilities - Regulated Water · 65 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside−86% · Bottom 25%
Profitability
Return on equity (TTM)1% · Bottom 25%
Return on assets1% · Bottom 25%
Net margin (TTM)0% · Bottom 25%
Operating margin (TTM)9% · Below median
Growth and dividend
Revenue growth20% · Top 25%
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.87× · Above median
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
P/E (TTM)198.3× · Priciest 25%
P/B0.99× · Cheapest 25%
P/S (TTM)1.06× · Cheaper than median
EV/EBITDA12.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 6
FUTURE (revenue growth)99· sector 29
PAST (return on equity)6· sector 31
HEALTH (low debt)57· sector 66
DIVIDEND (yield)4· sector 48
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). "Bohai Water Industry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000605
Frequently asked questions
Is Bohai Water Industry Co Ltd (000605) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥0.8200 versus a price of ¥5.95, about −86% upside (overvalued).
What is the fair value of 000605?
Our model-based fair value for Bohai Water Industry Co Ltd is ¥0.8200 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥5.95.
What is the quality score of 000605?
Bohai Water Industry 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 Bohai Water Industry Co Ltd (000605)?
Our model-based price target is the fair value of ¥0.8200 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario ¥0.5700, optimistic scenario ¥1.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Bohai Water Industry Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.8200, about −86% upside versus a price of ¥5.95 (overvalued). Cautious scenario ¥0.5700, optimistic scenario ¥1.07. The calculation is refreshed regularly with new filings.
What is the revenue of Bohai Water Industry Co Ltd (000605)?
Bohai Water Industry Co Ltd reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Sep 24, 2026).
Does Bohai Water Industry Co Ltd pay a dividend?
Bohai Water Industry Co Ltd currently shows a dividend yield of about 0.20% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Bohai Water Industry Co Ltd (000605)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bohai Water Industry Co Ltd it is ¥0.8200 per share (as of Sep 24, 2026), against a price of ¥5.95. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Bohai Water Industry Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 000605 trades above its calculated fair value: price ¥5.95, fair value ¥0.8200, a gap of about −86% (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 000605?
No. The price is what the market pays today (¥5.95); the fair value is what the company's own numbers justify (¥0.8200). For Bohai Water Industry Co Ltd the two are ¥5.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bohai Water Industry Co Ltd worth?
The market values Bohai Water Industry Co Ltd at about 2.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥5.95; our models calculate a fair value of ¥0.8200 per share.
What do the bullish and bearish scenarios say about 000605?
Our models span a range for Bohai Water Industry Co Ltd: cautious scenario ¥0.5700, base ¥0.8200, optimistic ¥1.07 per share (as of Sep 24, 2026, price ¥5.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000605?
Bohai Water Industry Co Ltd trades at a price-to-earnings ratio of 198.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥0.8200 is built from several models across several years. Other multiples: P/B 1.0, P/S 1.1, EV/EBITDA 12.3.
How solid is the balance sheet of Bohai Water Industry Co Ltd (000605)?
Balance-sheet figures for Bohai Water Industry Co Ltd (as of Sep 24, 2026): return on equity 1.4%, debt of 0.87 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 000605 from its 52-week high?
Bohai Water Industry Co Ltd trades at ¥5.95, about 22% below its 52-week high of ¥7.66 and 15% above the low of ¥5.17 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.8200 is for.
Which stocks are comparable to Bohai Water Industry Co Ltd?
From the same area (Utilities) we also value American Water Works Company, SBS, Essential Utilities, Inc, Guangdong Investment 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 Bohai Water Industry Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥5.95, calculated fair value ¥0.8200 (−86%), Quality Score 40/100, from 12 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 000605 calculated?
We run Bohai Water Industry Co Ltd through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.8200, 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. Bohai Water Industry 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 Bohai Water Industry Co Ltd (000605)?
The closing price on Sep 24, 2026 was ¥5.95. Our model-based fair value is ¥0.8200, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bohai Water Industry Co Ltd right now?
The price sits above even our optimistic bull case (¥1.07). 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. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥0.5700 to ¥1.07) leaves room in how you read the outcome.
Where does the earnings growth of Bohai Water Industry Co Ltd (000605) come from?
Earnings per share at Bohai Water Industry Co Ltd grew −17.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share +4.1 %, EBIT margin −13.5 %, tax rate −2.2 %, residual (interest, one-offs) −6.8 %. 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 Bohai Water Industry Co Ltd
How large is the market capitalisation of Bohai Water Industry Co Ltd (000605)?
The market capitalisation of Bohai Water Industry Co Ltd is 2.1B CNY (≈ $313M). 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 Bohai Water Industry Co Ltd (000605)?
The price-to-sales ratio of Bohai Water Industry Co Ltd is 0.90 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bohai Water Industry Co Ltd (000605)?
Earnings per share at Bohai Water Industry Co Ltd are ¥0.0300 (price ÷ EPS = P/E 198.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bohai Water Industry Co Ltd (000605)?
The dividend yield of Bohai Water Industry Co Ltd is 0.2% (payout 40.0%). 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 Bohai Water Industry Co Ltd (000605)?
The net margin of Bohai Water Industry Co Ltd is 0.5% (fiscal year 2025). 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 Bohai Water Industry Co Ltd (000605)?
The return on equity (ROE) of Bohai Water Industry Co Ltd is 1.4% (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 Bohai Water Industry Co Ltd (000605)?
On an EBIT basis the return on assets of Bohai Water Industry Co Ltd is 0.9% (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 Bohai Water Industry Co Ltd (000605)?
The operating margin of Bohai Water Industry Co Ltd is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bohai Water Industry Co Ltd (000605)?
Revenue at Bohai Water Industry Co Ltd is growing +19.8% versus a year earlier (3y avg +2.2%). 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 Bohai Water Industry Co Ltd (000605)?
Earnings per share at Bohai Water Industry Co Ltd are growing +3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bohai Water Industry Co Ltd (000605) generate?
The free cash flow of Bohai Water Industry Co Ltd is −203M 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 Bohai Water Industry Co Ltd (000605) carry?
The net debt of Bohai Water Industry Co Ltd is 2.6B 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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