San Bian Science & Technology Co Ltd (002112) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of San Bian Science & Technology Co Ltd stock ¥1.49, price ¥14.88, upside -90.0%, quality 28 out of 100. Rating: strongly 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ¥4.60 – ¥27.63 · the ¥14.88 price screens above the ¥1.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Sanbian Sci Tech Co., Ltd. engages in the production, repair, maintenance, and sale of transformers, motors, reactors, low-voltage complete electrical equipment, and power transmission and transformation equipment in China and internationally.
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It provides power transformers, distribution transformers, dry-type transformers, new energy transformers, user substations, and high voltage and low voltage switchgear products.
Sanbian Sci Tech Co., Ltd. was formerly known as SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. and changed its name to Sanbian Sci Tech Co., Ltd. in May 2024. Sanbian Sci Tech Co., Ltd. was founded in 1968 and is based in Taizhou, China.
Stock analysis
San Bian Science & Technology Co Ltd (002112) currently trades at ¥14.88, while our model-based Fair Value estimate is ¥1.49, 90.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥2.98 per share, and 0 of the 24 models we run sit above the ¥14.88 price.
Bear case: the Earnings-Based group reads lowest at ¥0.4300, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Quality & growth
The Quality Score stands at 28/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
San Bian Science & Technology Co Ltd reported revenue of 1.9B CNY in FY2025 versus 1.0B CNY in FY2021, a compound +16.0%/yr. Reported net income was 13.9M CNY in FY2025, compounding −6.9%/yr from FY2021.
Key figures
Market cap 4.4B CNY (≈ $657M) Small · P/E ratio 744.0 · P/S ratio 1.98 · EPS (TTM) ¥0.0200 · Dividend yield 0.1% · Net margin 0.4% · Return on equity 0.9% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −44% fair-value upside, at −90%, 002112 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.4300 to ¥12.42). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥1.49Fair Value ¥1.49Bull¥1.49
Price ¥14.88 · Upside -90.0%
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 (¥0.0081 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¥2.19¥3.08¥4.3681
Growth DCF¥2.19¥3.01¥4.1479
Owner Earnings¥1.25¥1.61¥2.1378
All 24 models by family
DCF Models
FCF DCF¥2.19¥3.08¥4.3681
Owner Earnings¥1.25¥1.61¥2.1378
5Y Revenue Exit¥2.07¥2.98¥4.1773
5Y EBITDA Exit¥2.48¥3.79¥5.3675
5Y P/E Exit¥1.63¥2.12¥2.6372
10Y Revenue Exit¥2.06¥2.88¥4.0367
10Y EBITDA Exit¥2.35¥3.41¥4.9168
10Y P/E Exit¥1.83¥2.31¥2.9065
Earnings-Based
Graham-Dodd¥0.3200¥1.24¥1.6764
Lynch FV¥0.3000¥0.4300¥0.560061
PEG = 1.0¥0.3000¥0.4300¥0.560057
EPV¥1.78¥1.94¥2.0874
Multiples
P/E Multiple¥0.7500¥0.9900¥1.2463
P/S Multiple¥0.6000¥0.8100¥1.0158
P/B Multiple¥9.31¥12.42¥15.5255
EV/EBIT¥1.41¥2.08¥2.7565
EV/EBITDA¥1.67¥2.43¥3.1967
EV/Revenue¥0.8300¥1.45¥2.0652
Asset-Based
NCAV (Graham)¥0.9800¥1.49¥1.8654
Growth DCF
Growth DCF¥2.19¥3.01¥4.1479
Rev-Margin DCF¥2.07¥2.98¥4.0873
Economic Profit
Residual Income¥1.89¥1.75¥1.6976
ROIC Compounder¥1.78¥1.94¥2.0872
Growth Earnings
Growth-Adj P/E¥0.5500¥0.7800¥1.0168
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−14.0%
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.
+12.8%
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.
+13.1%
Start year 2020 (pandemic). Over 10 years: +7.3% a year
Revenue growth 22 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.
+7.5%
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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.
−7.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.3%
Dividend (yield on the price)0.1%
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.−7.3% vs 2.1%, slowing
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.3% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+55.4%
Yearly growth needed for the next five years to justify today's price.
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 +52.9% a year for the price.
Compare San Bian Science & Technology 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.Electronic Components · 645 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−90.0% · Bottom 25%
Profitability
Return on equity (12 months)0.9% · Bottom 25%
Return on assets0.6% · Below median
Net margin (12 months)0.4% · Bottom 25%
Operating margin (12 months)−1.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)18.3% · Above median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)744.0× · Priciest 25%
P/B5.18× · Priciest 25%
P/S (12 months)1.98× · Cheaper than median
Price / free cash flow158.6× · Priciest 25%
EV/EBITDA91.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)92· sector 63
PAST (return on equity)4· sector 28
HEALTH (low debt)96· sector 95
DIVIDEND (yield)1· sector 25
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). "San Bian Science & Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002112
Frequently asked questions
Is San Bian Science & Technology Co Ltd (002112) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ¥1.49 versus a price of ¥14.88, about −90% upside (overvalued).
What is the fair value of 002112?
Our model-based fair value for San Bian Science & Technology Co Ltd is ¥1.49 (as of Oct 3, 2026), built from audited fundamentals. The current price: ¥14.88.
What is the quality score of 002112?
San Bian Science & Technology Co Ltd has a Quality Score of 28/100. 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 San Bian Science & Technology Co Ltd (002112)?
Our model-based price target is the fair value of ¥1.49 (as of Oct 3, 2026) from 24 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the San Bian Science & Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.49, about −90% upside versus a price of ¥14.88 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of San Bian Science & Technology Co Ltd (002112)?
San Bian Science & Technology Co Ltd reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Oct 3, 2026).
Does San Bian Science & Technology Co Ltd pay a dividend?
San Bian Science & Technology Co Ltd currently shows a dividend yield of 0.07% relative to its recent price (as of Oct 3, 2026).
What growth is priced into San Bian Science & Technology Co Ltd (002112)?
For today's price to be fair in a discounted-cash-flow model, San Bian Science & Technology Co Ltd would have to grow free cash flow by +55.4 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 002112 use?
Our models discount San Bian Science & Technology Co Ltd at 10.7 %: a base by market capitalisation (small), damped by beta 0.59, 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 San Bian Science & Technology Co Ltd that is +55.4 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has San Bian Science & Technology Co Ltd (002112) delivered so far?
Over the past 5 years revenue at San Bian Science & Technology Co Ltd grew +13.1 % a year. The price currently implies +55.4 % per year free-cash-flow growth a 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 San Bian Science & Technology Co Ltd (002112) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into San Bian Science & Technology Co Ltd (+55.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of San Bian Science & Technology Co Ltd (002112)?
The free-cash-flow yield on the price is 0.63 %: that much free cash flow San Bian Science & Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of San Bian Science & Technology Co Ltd (002112)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For San Bian Science & Technology Co Ltd it is ¥1.49 per share (as of Oct 3, 2026), against a price of ¥14.88. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is San Bian Science & Technology Co Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 002112 trades above its calculated fair value: price ¥14.88, fair value ¥1.49, a gap of about −90% (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 002112?
No. The price is what the market pays today (¥14.88); the fair value is what the company's own numbers justify (¥1.49). For San Bian Science & Technology Co Ltd the two are ¥13.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is San Bian Science & Technology Co Ltd worth?
The market values San Bian Science & Technology Co Ltd at about 4.4B CNY (market capitalisation, as of Oct 3, 2026). Per share that is ¥14.88; our models calculate a fair value of ¥1.49 per share.
How solid is the balance sheet of San Bian Science & Technology Co Ltd (002112)?
Balance-sheet figures for San Bian Science & Technology Co Ltd (as of Oct 3, 2026): return on equity 0.9%, debt of 0.09 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 002112 from its 52-week high?
San Bian Science & Technology Co Ltd trades at ¥14.88, about 46% below its 52-week high of ¥27.63 and 16% above the low of ¥12.84 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.49 is for.
Which stocks are comparable to San Bian Science & Technology Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Samsung Electro-Mechanics Co, 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 San Bian Science & Technology Co Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price ¥14.88, calculated fair value ¥1.49 (−90%), Quality Score 28/100, from 24 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 002112 calculated?
We run San Bian Science & Technology Co Ltd through 24 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 ¥1.49, 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 13.2 % above its aggregate fair value. San Bian Science & Technology 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 San Bian Science & Technology Co Ltd (002112)?
The closing price on Oct 22, 2026 was ¥14.88. Our model-based fair value is ¥1.49, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with San Bian Science & Technology Co Ltd right now?
The price sits above even our optimistic bull case (¥1.49). The favourable scenario is already priced in. Weak quality (28/100) 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.
Key figures of San Bian Science & Technology Co Ltd
How large is the market capitalisation of San Bian Science & Technology Co Ltd (002112)?
The market capitalisation of San Bian Science & Technology Co Ltd is 4.4B CNY (≈ $657M). 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/E ratio of San Bian Science & Technology Co Ltd (002112)?
The price-to-earnings ratio of San Bian Science & Technology Co Ltd is 744.0. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of San Bian Science & Technology Co Ltd (002112)?
The price-to-sales ratio of San Bian Science & Technology Co Ltd is 1.98 (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 San Bian Science & Technology Co Ltd (002112)?
Earnings per share at San Bian Science & Technology Co Ltd are ¥0.0200 (price ÷ EPS = P/E 744.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of San Bian Science & Technology Co Ltd (002112)?
The dividend yield of San Bian Science & Technology Co Ltd is 0.1% (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 San Bian Science & Technology Co Ltd (002112)?
The net margin of San Bian Science & Technology Co Ltd is 0.4% (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 San Bian Science & Technology Co Ltd (002112)?
The return on equity (ROE) of San Bian Science & Technology Co Ltd is 0.9% (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 San Bian Science & Technology Co Ltd (002112)?
On an EBIT basis the return on assets of San Bian Science & Technology Co Ltd is 3.1% (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 San Bian Science & Technology Co Ltd (002112)?
The operating margin of San Bian Science & Technology Co Ltd is −1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at San Bian Science & Technology Co Ltd (002112)?
Revenue at San Bian Science & Technology Co Ltd is growing +18.3% versus a year earlier (3y avg +12.8%). 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 San Bian Science & Technology Co Ltd (002112)?
Earnings per share at San Bian Science & Technology Co Ltd are growing −62.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does San Bian Science & Technology Co Ltd (002112) carry?
The net debt of San Bian Science & Technology Co Ltd is 178M CNY (fiscal year 2025, ≈ 6.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 3, 2026