Impulse (Qingdao) Health Tech Co (002899) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 3.6B CNY
Fair value as of: Jul 22, 2026
From 25 valuation models · updated 19 days ago
Share price −7.1% over the past month.
Below-average quality, and screening another 61% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥10.08). The favourable scenario is already priced in.
- Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (¥5.49 to ¥10.08) 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 22, 2026.
How to read this chart
60‑month range ¥8.79 – ¥34.53 · fair‑value band ¥5.49 – ¥10.08 · the ¥19.88 price screens above the ¥7.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Impulse (Qingdao) Health Tech Co (002899) currently trades at ¥19.88, while our model-based Fair Value estimate is ¥7.85, implying the stock looks roughly 60.5% overvalued today. The Quality Score stands at 38/100 (below-average 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: high).
Over the trailing twelve months, Impulse (Qingdao) Health Tech Co generated revenue of 1.2B CNY at a net margin of 5.4%. Revenue grew 1.7% year over year. It earns a return on equity of 3.7%. Net debt stands at 202M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥5.49 (bear case) to ¥10.08 (bull case); at ¥19.88, 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 45% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at -61%, 002899 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.
All 25 models by family
Widest divergence: Asset-Based (¥7.95) versus Dividend Discount (¥2.67). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 24
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
Impulse (Qingdao) Health Tech Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of sports fitness equipment in China and internationally.
Full company description
Impulse (Qingdao) Health Tech Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of sports fitness equipment in China and internationally. The company offers stair climbers, treadmills, ellipticals, and upright bikes, recumbent bikes, and spinning bikes for cardio; plate loaded, selectorized, jungle, free weight, and functional and professional training for strength; indoor cycle and indoor training; HIIT products; and home use equipment. It also provides rehabilitation training equipment; special ball field facilities; and ice/snow training facilities, as well as after-sales services. The company exports its products. It serves gyms, hotels, colleges, and sports teams. Impulse (Qingdao) Health Tech Co.,Ltd. was founded in 2004 and is headquartered in Qingdao, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Impulse (Qingdao) Health Tech Co reported revenue of ¥1.2B in FY2025 versus ¥864M in FY2021, a compound +8.0%/yr. Reported net income was ¥63.0M in FY2025, compounding +37.9%/yr from FY2021.
002899 screens 61% overvalued. Compare with ANTA Sports Products Limited →
Peer Group
Leisure · 192 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 Leisure 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.
Similar stocks
10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ANTA Sports Products Limited 2020 | HK$74.15 | HK$119.29 | +61% |
| Pop Mart International Group 9992 | HK$160.20 | HK$227.30 | +42% |
| Amer Sports, Inc AS | $36.44 | $16.16 | -56% |
| Hasbro, Inc HAS | $81.55 | $83.38 | +2% |
| Life Time Group LTH | $42.15 | $16.15 | -62% |
| Acushnet Holdings GOLF | $114.78 | $37.79 | -67% |
| Li Ning Company 2331 | HK$14.80 | HK$29.26 | +98% |
| Benefit Systems S.A BFT | 5,255 PLN | 3,714 PLN | -29% |
| Ninebot Limited 689009 | ¥37.82 | ¥39.17 | +4% |
| Asmodee Group ASMDEEB | kr 145.70 | kr 41.90 | -71% |
Compare Impulse (Qingdao) Health Tech Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Frequently asked questions
Is Impulse (Qingdao) Health Tech Co (002899) overvalued or undervalued?
What is the fair value of 002899?
What is the quality score of 002899?
What is the revenue of Impulse (Qingdao) Health Tech Co (002899)?
What is the net profit margin of 002899?
Does Impulse (Qingdao) Health Tech Co pay a dividend?
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.
Track Impulse (Qingdao) Health Tech Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.