Bear Electric Appliance Co (002959) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 5.3B CNY

A solid business, screening 66% undervalued on our models.

What matters now

• The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
• The price is below even our cautious bear case (¥42.16). The market is more pessimistic than our downside scenario.

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 ¥30.80 – ¥88.01 · fair‑value band ¥42.16 – ¥70.68 · the ¥34.13 price screens below the ¥56.54 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

Bear Electric Appliance Co (002959) currently trades at ¥34.13, while our model-based Fair Value estimate is ¥56.54, implying the stock looks roughly 65.7% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Bear Electric Appliance Co generated revenue of 5.1B CNY at a net margin of 6.7%. Revenue declined 6.1% year over year. It earns a return on equity of 11.5%. The balance sheet holds a net cash position of 989M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥42.16 (bear case) to ¥70.68 (bull case); at ¥34.13, the current price sits below 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 37% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 66%, 002959 screens cheaper 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.

Widest divergence: DCF Models (¥67.37) versus Asset-Based (¥13.01). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Bear Electric Appliance Co.,Ltd. engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Full company description

Bear Electric Appliance Co.,Ltd. engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally. It offers small kitchen appliances, including rice and electric cookers, hot pots, wall breaking machines, air fryers, dough guns and mixers, noodle pressing machines, yogurt makers, soymilk makers, electric kettles, water dispensers, steam ovens, egg cooker and beaters, electric lunch boxes, health pots, electric stew pots, folding water pumps, rice noodle roll machines, casseroles, meat grinders, toasters, shredders, and electric steam boilers; and small household appliances comprising electric fans, humidifiers, hot water dispensers, garment steamers, health cups, electric thermos, circulation and handheld fans, vacuum cleaners, electric heaters, and washing machines. The company also provides personal care appliances, such as chiropractic massagers, wash your phones, wireless massagers, hair dryers, massage shoulder pillows, skin rejuvenation devices, skin care showers, hair straighteners, dressing mirrors, fascia guns, neck massagers, and water replenishment instruments; and baby and toddler small appliances, including milk makers, mixing machines, bottle warmers, and breast shakers, as well as double pot milk mixers, rechargeable insulated bowls, breast pumps, baby food cooker, and milk powder container. Its products are used by infants, young people, middle-age, and elderly people customers. The company offers its products through online store. Bear Electric Appliance Co.,Ltd. was founded in 2006 and is based in Foshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bear Electric Appliance Co reported revenue of ¥5.2B in FY2025 versus ¥3.6B in FY2021, a compound +9.8%/yr. Reported net income was ¥401M in FY2025, compounding +9.0%/yr from FY2021.

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Peer Group

Furnishings, Fixtures & Appliances · 311 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 Furnishings, Fixtures & Appliances 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.

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.

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Frequently asked questions

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.