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Beijing Kingee Culture Development Co (002721) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 6.5B CNY

BK Beijing Kingee Culture Development Co 002721 · SHE
Price¥3.08
Fair Value¥0.5200
Upside-83.1%
Quality70/100
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Weak Growth
Thin margins · 8.7% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 40/100
Evidence: Medium Range ¥0.4400 – ¥0.5200 Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥0.7500 to ¥0.5200 (−30.7%) since Jun 25, 2026. Share price +40.0% over the past month.

A solid business, but screening 83% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥0.5200). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥4.90 ¥2.06 Fair Value ¥0.5200 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥2.06 – ¥4.90 · fair‑value band ¥0.4400 – ¥0.5200 · the ¥3.08 price screens above the ¥0.5200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Beijing Kingee Culture Development Co (002721) currently trades at ¥3.08, while our model-based Fair Value estimate is ¥0.5200, implying the stock looks roughly 83.1% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, Beijing Kingee Culture Development Co generated revenue of 956M CNY at a net margin of 8.7%. Revenue grew 54.6% year over year. It earns a return on equity of 5.2%. The balance sheet holds a net cash position of 914M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.4400 (bear case) to ¥0.5200 (bull case); at ¥3.08, 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 41% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -41% fair-value upside, at -83%, 002721 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥0.7100 ¥0.8900 ¥1.19 80
Residual Income ¥0.5400 ¥0.4900 ¥0.3600 76
Rev-Margin DCF ¥0.5700 ¥0.7300 ¥0.9400 74
All 22 models by family
DCF Models
FCF DCF ¥0.6900 ¥0.8700 ¥1.21 38
Owner Earnings ¥0.3500 ¥0.4100 ¥0.5300 31
5Y Revenue Exit ¥0.5700 ¥0.7200 ¥0.9400 39
5Y EBITDA Exit ¥0.5600 ¥0.7200 ¥0.9200 41
5Y P/E Exit ¥0.4500 ¥0.5100 ¥0.5900 38
10Y Revenue Exit ¥0.6000 ¥0.7200 ¥0.8400 36
10Y EBITDA Exit ¥0.6100 ¥0.7200 ¥0.8300 37
10Y P/E Exit ¥0.5400 ¥0.5900 ¥0.6400 35
Earnings-Based
Graham-Dodd ¥0.0700 ¥0.0900 ¥0.1000 54
EPV ¥0.4900 ¥0.5500 ¥0.5900 59
Multiples
P/E Multiple ¥0.1400 ¥0.1800 ¥0.2300 63
P/S Multiple ¥0.1400 ¥0.1800 ¥0.2300 58
P/B Multiple ¥0.1400 ¥0.1800 ¥0.2300 55
EV/EBIT ¥0.5900 ¥0.7200 ¥0.8600 53
EV/EBITDA ¥0.5400 ¥0.6600 ¥0.7800 54
EV/Revenue ¥0.5200 ¥0.6700 ¥0.8100 43
Asset-Based
NCAV (Graham) ¥0.4000 ¥0.5300 ¥0.8000 50
Growth DCF
Growth DCF ¥0.7100 ¥0.8900 ¥1.19 80
Rev-Margin DCF ¥0.5700 ¥0.7300 ¥0.9400 74
Economic Profit
Residual Income ¥0.5400 ¥0.4900 ¥0.3600 76
ROIC Compounder ¥0.4900 ¥0.5500 ¥0.5900 72
Growth Earnings
Growth-Adj P/E ¥0.1000 ¥0.1400 ¥0.1800 68

Widest divergence: Growth DCF (¥0.7300) versus Earnings-Based (¥0.0900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 956M CNY
Revenue growth (YoY) +54.6%
Net margin 8.7%
Return on equity 5.2%
Free cash flow 148M CNY FY2025
P/E ratio 81.0
More key figures
Operating margin 14.9%
EPS (TTM) ¥0.0300
EPS growth (YoY) +150%
Net cash 914M CNY FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 70 · Market factors (momentum, volatility) 37

Profitability 21
Margins and returns on capital today
Quality Growth 91
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 37
Buybacks instead of dilution

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.

About the company

Beijing Kingee Culture Development Co., Ltd., together with its subsidiaries, engages in the research, design, development, and sale of gold jewelry under the Jinyi, Yuewang Jewelry, and Yue Wang Ancient Gold brands in China. The company also distributes gold and silver products, watches, stamps, coins, and souvenirs.

Full company description

Beijing Kingee Culture Development Co., Ltd., together with its subsidiaries, engages in the research, design, development, and sale of gold jewelry under the Jinyi, Yuewang Jewelry, and Yue Wang Ancient Gold brands in China. The company also distributes gold and silver products, watches, stamps, coins, and souvenirs. In addition, it is involved in jewelry retail; organization of cultural and artistic exchanges; technical development, consultation, and promotion services; animation and derivative product design; literary and artistic performance; hosting of exhibitions and displays; and sale of postal and paper products, handicrafts, cultural supplies, rubber products, clothing, shoes, hats, needle textiles, daily necessities, ceramic and leather products, plastic and electronic products, toys, luggage, audio equipment, cosmetics, collectibles, and cultural relics. The company was formerly known as Beijing Kingee Culture Development Ltd. and changed its name to Beijing Kingee Culture Development Co., Ltd. in July 2010. Beijing Kingee Culture Development Co., Ltd. was incorporated in 2007 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Kingee Culture Development Co reported revenue of ¥877M in FY2025 versus ¥3.0B in FY2021, a compound −26.2%/yr. Reported net income was ¥28.8M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
877M CNY
Latest YoY
+135.4%
Avg. growth/yr (3Y)
−21.6%
Avg. growth/yr (5Y)
−25.8%
Avg. growth/yr (16Y)
−0.6%
Revenue −26.2%/yr
FY21 ¥3.0B
FY22 ¥1.8B
FY23 ¥1.5B
FY24 ¥373M
FY25 ¥877M
Net income
FY21 −¥1.3B
FY22 −¥3.7B
FY23 ¥665M
FY24 ¥14.5M
FY25 ¥28.8M

002721 screens 83% overvalued. Compare with Compagnie Financière Richemont SA →

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Cite: Fair Value Calculator (2026). "Beijing Kingee Culture Development Co Fair Value". https://www.fairvalue-calculator.com/stock/002721

Peer Group

Luxury Goods · 132 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.

Quality Score 70 · Top 25%
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth 55% · Top 25%
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/E (TTM) 81.0× · Pricier than 75% of peers
P/B 3.05× · Pricier than median
P/S (TTM) 6.76× · Pricier than 75% of peers
P/FCF 6.5× · Pricier than median
EV/EBITDA 48.2× · Pricier than 75% of peers

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 · sector 13
FUTURE 100 · sector 50
PAST 21 · sector 38
HEALTH 83 · sector 99
DIVIDEND 0 · sector 38

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.

None of the checked exposures detected

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

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 197.40 CHF 117.30 -41%
Christian Dior SE DIO €455.40 €502.30 +10%
Kering SA KER €248.50 €60.61 -76%
Tapestry, Inc TPR $140.73 $19.95 -86%
Chow Tai Fook Jewellery Group 1929 HK$11.82 HK$12.28 +4%
The Swatch Group UHRN CHF 40.95 CHF 21.48 -48%
Prada S.p.A 1913 HK$43.26 HK$64.05 +48%
Pandora A/S PNDORA kr 779.40 kr 1,424 +83%
Brunello Cucinelli S.p.A BC €80.32 €42.69 -47%
Kalyan Jewellers India Limited KALYANKJIL ₹546.60 ₹238.57 -56%

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Frequently asked questions

Is Beijing Kingee Culture Development Co (002721) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.5200 versus a price of ¥3.08, about −83% (overvalued).
What is the fair value of 002721?
Our model-based fair value for Beijing Kingee Culture Development Co is ¥0.5200 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥3.08.
What is the quality score of 002721?
Beijing Kingee Culture Development Co has a Quality Score of 70/100. 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 revenue of Beijing Kingee Culture Development Co (002721)?
Beijing Kingee Culture Development Co reported trailing-twelve-month revenue of about 956M CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002721?
The net profit margin of Beijing Kingee Culture Development Co is about 8.7%, meaning it keeps roughly 8.7% of revenue as net income. Based on the latest reported figures.

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.

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