Bengang Steel Plates Co (000761) Fair Value & Analysis

Basic Materials · CN · Market cap 9.8B CNY

Below-average quality, and screening another 39% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥2.14). The favourable scenario is already priced in.
• Weak quality (35/100) 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 (¥1.07 to ¥2.14) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥2.14 – ¥5.94 · fair‑value band ¥1.07 – ¥2.14 · the ¥2.34 price screens above the ¥1.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

Bengang Steel Plates Co (000761) currently trades at ¥2.34, while our model-based Fair Value estimate is ¥1.43, implying the stock looks roughly 38.9% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Bengang Steel Plates Co generated revenue of 44.4B CNY at a net margin of -9.6%. Revenue declined 15.9% year over year. It earns a return on equity of -43.1%. Net debt stands at 5.2B CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥1.07 (bear case) to ¥2.14 (bull case); at ¥2.34, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at -39%, 000761 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Key figures & financial health

Quality Score breakdown

About the company

Bengang Steel Plates Co., Ltd. engages in production and trading of ferrous metal products in China. The company is involved in steel smelting, rolling and processing, power generation, coal chemicals, specialty steel bars, railway operations, import and export trade, research and development, and product sales businesses.

Full company description

Bengang Steel Plates Co., Ltd. engages in production and trading of ferrous metal products in China. The company is involved in steel smelting, rolling and processing, power generation, coal chemicals, specialty steel bars, railway operations, import and export trade, research and development, and product sales businesses. It also offers automotive panels, appliance sheets, oil pipeline steel, container plates, and shipbuilding plates used for automotive, home appliances, petrochemicals, aerospace, machinery manufacturing, energy and transportation, construction decoration, and metal products. The company exports its products. Bengang Steel Plates Co., Ltd. was incorporated in 1997 and is based in Benxi, China. Bengang Steel Plates Co., Ltd. operates as a subsidiary of Benxi Steel & Iron (Group) Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bengang Steel Plates Co reported revenue of ¥46.4B in FY2025 versus ¥77.9B in FY2021, a compound −12.2%/yr. Reported net income was −¥3.9B in FY2025.

000761 screens 39% overvalued. Compare with JSW Steel Limited →

Peer Group

Steel · 381 stocks

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.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

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

Values & ESG

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.