Beijing SPC Environment Protection Tech Co Ltd (002573) Fair Value & Analysis
Industrials · CN · Market cap 4.6B CNY (≈ $685M) · ISIN CNE100001278
What is Beijing SPC Environment Protection Tech Co Ltd really worth?
Below-average quality, and trading another 82% above our fair value of ¥1.79.
Strengths
Risks
Fair value as of: Aug 26, 2026
From 16 valuation models · updated 10 days ago
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥1.79 to ¥3.67) 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 Aug 26, 2026.
How to read this chart
60‑month range ¥2.94 – ¥7.91 · fair‑value band ¥1.79 – ¥3.67 · the ¥3.25 price screens above the ¥1.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.
Analysis
Beijing SPC Environment Protection Tech Co Ltd (002573) currently trades at ¥3.25, while our model-based Fair Value estimate is ¥1.79, implying the stock looks roughly 81.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥10.33 per share, and 12 of the 16 models we run sit above the ¥3.25 price. Bear case: the Earnings-Based group reads lowest at ¥1.14, and 4 of the 16 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Beijing SPC Environment Protection Tech Co Ltd generated revenue of 8.9B CNY at a net margin of −4.6%. Revenue declined 11.6% year over year. It earns a return on equity of −5.2%. Net debt stands at 8.1B CNY. Fundamentals as of Aug 26, 2026
Our scenario range runs from ¥1.79 (bear case) to ¥3.67 (bull case); at ¥3.25, the current price sits within 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 24% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −45%, 002573 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: DCF Models (¥10.33) versus Earnings-Based (¥1.14). Highest evidence: FCF DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Beijing SPC Environment Protection Tech Co., Ltd. engages in energy conservation and environmental protection related businesses. The company provides industrial environmental protection services.
Full company description
Beijing SPC Environment Protection Tech Co., Ltd. engages in energy conservation and environmental protection related businesses. The company provides industrial environmental protection services. It also engages in urban and rural water supply and drainage, water and municipal facility operations, sewage treatment, pipe network operation and maintenance, smart water services, river basin water management, and urban and industrial park heating. In addition, the company offers waste heat utilization and integrated energy services. The company was founded in 2001 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Beijing SPC Environment Protection Tech Co Ltd reported revenue of 9.1B CNY in FY2025 versus 6.9B CNY in FY2021, a compound +7.3%/yr. Reported net income was −421M CNY in FY2025.
of which total revenue +23.0 % · buybacks/dilution −3.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
002573 screens 82% overvalued. Compare with Quanta Services, Inc →
Peer Group
Engineering & Construction · 817 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 Engineering & Construction median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Quanta Services, Inc PWR | $620.06 | $143.92 | −77% |
| Vinci SA DG | €114.35 | €185.62 | +62% |
| Comfort Systems USA, Inc FIX | $1,615 | $519.97 | −68% |
| Larsen & Toubro Limited LT | ₹4,072 | ₹2,196 | −46% |
| Ferrovial N.V FER | €57.28 | €19.17 | −67% |
| HOCHTIEF Aktiengesellschaft HOT | €426.40 | €203.87 | −52% |
| Samsung C&T Corporation 028260 | 373,000 KRW | 261,411 KRW | −30% |
| EMCOR Group EME | $775.04 | $549.47 | −29% |
| MasTec, Inc MTZ | $241.00 | $100.00 | −59% |
| Bouygues SA EN | €46.65 | €65.67 | +41% |
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