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Beijing Emerging Eastern Aviation Equipment Co (002933) Fair Value & Analysis

Industrials · CN · Market cap 3.4B CNY

BE Beijing Emerging Eastern Aviation Equipment Co 002933 · SHE
Price¥26.83
Fair Value¥5.90
Upside-78.0%
Quality50/100
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Expensive Growth
Thin margins · 6.8% net margin
Low debt · negative free cash flow
0.07% dividend yield
Trails peers (2/13)
Narrow moat 28/100
Evidence: High Range ¥5.03 – ¥7.07 Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Share price +1.8% over the past month.

A solid business, but screening 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.07). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥42.21 ¥17.78 Fair Value ¥5.90 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 ¥17.78 – ¥42.21 · fair‑value band ¥5.03 – ¥7.07 · the ¥26.83 price screens above the ¥5.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Beijing Emerging Eastern Aviation Equipment Co (002933) currently trades at ¥26.83, while our model-based Fair Value estimate is ¥5.90, implying the stock looks roughly 78.0% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials 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, Beijing Emerging Eastern Aviation Equipment Co generated revenue of 390M CNY at a net margin of 6.8%. Revenue declined 26.3% year over year. It earns a return on equity of 1.9%. The balance sheet holds a net cash position of 238M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥5.03 (bear case) to ¥7.07 (bull case); at ¥26.83, 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 32% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -78%, 002933 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
Residual Income ¥9.23 ¥8.78 ¥7.03 76
ROIC Compounder ¥4.51 ¥5.19 ¥5.78 72
Gordon GGM ¥0.7100 ¥0.9700 ¥1.22 70
All 15 models by family
DCF Models
Owner Earnings ¥5.23 ¥7.03 ¥9.79 31
Earnings-Based
Graham-Dodd ¥2.29 ¥4.43 ¥5.53 54
EPV ¥4.51 ¥5.19 ¥5.78 59
Dividend Discount
Gordon GGM ¥0.7100 ¥0.9700 ¥1.22 70
DDM Multi-Stage ¥0.7100 ¥0.9700 ¥1.26 61
Multiples
P/E Multiple ¥5.30 ¥7.06 ¥8.83 63
P/S Multiple ¥4.29 ¥5.72 ¥7.15 58
P/B Multiple ¥4.29 ¥5.72 ¥7.15 55
EV/EBIT ¥7.39 ¥9.78 ¥12.17 53
EV/EBITDA ¥7.79 ¥10.31 ¥12.83 54
EV/Revenue ¥4.66 ¥6.56 ¥8.46 43
Asset-Based
NCAV (Graham) ¥6.56 ¥8.80 ¥13.13 50
Economic Profit
Residual Income ¥9.23 ¥8.78 ¥7.03 76
ROIC Compounder ¥4.51 ¥5.19 ¥5.78 72
Growth Earnings
Growth-Adj P/E ¥3.81 ¥5.44 ¥7.07 68

Widest divergence: Asset-Based (¥8.80) versus Dividend Discount (¥0.9700). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 390M CNY
Revenue growth (YoY) -26.3%
Net margin 6.8%
Return on equity 1.9%
Free cash flow −47.7M CNY FY2025
P/E ratio 125.3
More key figures
Operating margin 4.0%
EPS (TTM) ¥0.2300
Dividend yield 0.1%
EPS growth (YoY) +404%
Net cash 238M CNY FY2024

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 31

Profitability 22
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 79
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 Emerging Eastern Aviation Equipment Co., Ltd. engages in the research and development, production, sale, and servicing of aviation equipment products with intelligent control technology.

Full company description

Beijing Emerging Eastern Aviation Equipment Co., Ltd. engages in the research and development, production, sale, and servicing of aviation equipment products with intelligent control technology. The company offers airborne equipment, which includes airborne suspension/launch device; aircraft information management and recording system products, such as video information detection, collection, processing, compression, recording, and display products; and transmission equipment products, including airborne video processing systems and video recorders. Its products are used in aviation equipment fields, such as helicopters, fixed-wing aircraft, and drones. The company was founded in 1997 and is based in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Emerging Eastern Aviation Equipment Co reported revenue of ¥414M in FY2025 versus ¥246M in FY2021, a compound +13.9%/yr. Reported net income was ¥39.5M in FY2025.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
414M CNY
Avg. growth/yr (3Y)
+23.3%
Avg. growth/yr (5Y)
+4.6%
Avg. growth/yr (9Y)
+7.0%
Revenue +13.9%/yr
FY21 ¥246M
FY22 ¥191M
FY23 ¥416M
FY24 ¥462M
FY25 ¥414M
Net income
FY21 −¥1.8M
FY22 −¥57.6M
FY23 ¥14.3M
FY24 ¥18.9M
FY25 ¥39.5M

002933 screens 78% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "Beijing Emerging Eastern Aviation Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/002933

Peer Group

Aerospace & Defense · 226 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 50 · Below median
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 4% · Bottom 25%
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/E (TTM) 125.3× · Pricier than 75% of peers
P/B 2.19× · Cheaper than median
P/S (TTM) 8.68× · Pricier than 75% of peers
EV/EBITDA 99.4× · 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 0
FUTURE 0 · sector 46
PAST 8 · sector 38
HEALTH 87 · sector 94
DIVIDEND 1 · sector 15

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.

Weapons Defense

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is Beijing Emerging Eastern Aviation Equipment Co (002933) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥5.90 versus a price of ¥26.83, about −78% (overvalued).
What is the fair value of 002933?
Our model-based fair value for Beijing Emerging Eastern Aviation Equipment Co is ¥5.90 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥26.83.
What is the quality score of 002933?
Beijing Emerging Eastern Aviation Equipment Co has a Quality Score of 50/100. 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 Emerging Eastern Aviation Equipment Co (002933)?
Beijing Emerging Eastern Aviation Equipment Co reported trailing-twelve-month revenue of about 390M CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002933?
The net profit margin of Beijing Emerging Eastern Aviation Equipment Co is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.
Does Beijing Emerging Eastern Aviation Equipment Co pay a dividend?
Beijing Emerging Eastern Aviation Equipment Co currently shows a dividend yield of about 0.07% relative to its recent price (as of Jul 22, 2026).

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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