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Jade Bird Fire Co (002960) Fair Value & Analysis

Industrials · CN · Market cap 9.6B CNY

JB Jade Bird Fire Co 002960 · SHE
Price¥8.09
Fair Value¥10.36
Upside+28.1%
Quality37/100
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Expensive Growth
Thin margins · 6.7% net margin
Low debt · negative free cash flow
1.38% dividend yield
Trails peers (5/13)
Narrow moat 36/100
Evidence: Medium Range ¥7.77 – ¥12.94 Share as image

Fair value as of: Jul 22, 2026

From 17 valuation models · updated 19 days ago

Share price −2.9% over the past month.

Below-average quality, screening 28% undervalued on our models.

What matters now

  • Our model range runs from ¥7.77 (bear) to ¥12.94 (bull), base ¥10.36. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 37/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥17.87 ¥5.97 Fair Value ¥10.36 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 ¥5.97 – ¥17.87 · fair‑value band ¥7.77 – ¥12.94 · the ¥8.09 price screens below the ¥10.36 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

Jade Bird Fire Co (002960) currently trades at ¥8.09, while our model-based Fair Value estimate is ¥10.36, implying the stock looks roughly 28.1% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials 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, Jade Bird Fire Co generated revenue of 4.7B CNY at a net margin of 6.7%. Revenue declined 1.0% year over year. It earns a return on equity of 5.4%. The balance sheet holds a net cash position of 1.9B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥7.77 (bear case) to ¥12.94 (bull case); at ¥8.09, 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 31% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 28%, 002960 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥4.62 ¥4.67 ¥4.42 76
ROIC Compounder ¥5.28 ¥5.78 ¥6.39 72
Gordon GGM ¥1.48 ¥2.95 ¥4.46 70
All 17 models by family
DCF Models
Owner Earnings ¥3.11 ¥4.06 ¥5.80 31
Earnings-Based
Graham-Dodd ¥2.06 ¥11.98 ¥16.67 54
Lynch FV ¥3.39 ¥4.84 ¥6.29 50
PEG = 1.0 ¥3.39 ¥4.84 ¥6.29 46
EPV ¥5.28 ¥5.78 ¥6.20 59
Dividend Discount
Gordon GGM ¥1.48 ¥2.95 ¥4.46 70
DDM Multi-Stage ¥1.48 ¥2.55 ¥3.11 61
Multiples
P/E Multiple ¥4.55 ¥6.07 ¥7.58 63
P/S Multiple ¥3.87 ¥5.16 ¥6.45 58
P/B Multiple ¥3.87 ¥5.16 ¥6.45 55
EV/EBIT ¥7.87 ¥9.78 ¥11.69 53
EV/EBITDA ¥7.36 ¥9.10 ¥10.85 54
EV/Revenue ¥6.00 ¥7.66 ¥9.31 43
Asset-Based
NCAV (Graham) ¥3.04 ¥4.07 ¥6.08 50
Economic Profit
Residual Income ¥4.62 ¥4.67 ¥4.42 76
ROIC Compounder ¥5.28 ¥5.78 ¥6.39 72
Growth Earnings
Growth-Adj P/E ¥4.88 ¥6.97 ¥9.07 68

Widest divergence: Growth Earnings (¥6.97) versus Dividend Discount (¥2.55). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.7B CNY
Revenue growth (YoY) -1.0%
Net margin 6.7%
Return on equity 5.4%
Free cash flow −39.4M CNY FY2025
P/E ratio 30.5
More key figures
Operating margin 8.0%
EPS (TTM) ¥0.3000
Dividend yield 1.4%
EPS growth (YoY) -7.3%
Net cash 1.9B CNY FY2024

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 40 · Market factors (momentum, volatility) 40

Profitability 31
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 0
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

Jade Bird Fire Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells professional fire safety electronic products and intelligent fire safety systems in China and internationally.

Full company description

Jade Bird Fire Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells professional fire safety electronic products and intelligent fire safety systems in China and internationally. The company offers fire safety systems, automatic fire alarm systems, small-area fire safety systems, gaseous suppression and control systems, fire door monitoring systems, electrical fire monitoring systems, civil and commercial emergency lighting and evacuation guidance systems, power supply systems for fire protection equipment, combustible gas detection and alarm systems, and wireless WAN fire safety systems. It also engages in the Internet of Things; software and IT services; asset management; business services; and technology research, development, promotion, and application services. The company was formerly known as Beida Jade Bird Universal Fire Alarm Device Co., Ltd and changed its name to Jade Bird Fire Co., Ltd. in November 2019. Jade Bird Fire Co., Ltd. was incorporated 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

Jade Bird Fire Co reported revenue of ¥4.7B in FY2025 versus ¥3.9B in FY2021, a compound +5.0%/yr. Reported net income was ¥320M in FY2025, compounding −11.9%/yr from FY2021.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.7B CNY
Latest YoY
−4.6%
Avg. growth/yr (3Y)
+0.7%
Avg. growth/yr (5Y)
+13.2%
Avg. growth/yr (14Y)
+21.8%
Revenue +5.0%/yr
FY21 ¥3.9B
FY22 ¥4.6B
FY23 ¥5.0B
FY24 ¥4.9B
FY25 ¥4.7B
Net income −11.9%/yr
FY21 ¥530M
FY22 ¥570M
FY23 ¥659M
FY24 ¥353M
FY25 ¥320M

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Cite: Fair Value Calculator (2026). "Jade Bird Fire Co Fair Value". https://www.fairvalue-calculator.com/stock/002960

Peer Group

Security & Protection Services · 113 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 37 · Bottom 25%
Fair Value upside +9% · Above median
Return on equity (TTM) 5% · Above median
Return on assets 2% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth -1% · Below median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 30.5× · Pricier than median
P/B 1.50× · Cheaper than median
P/S (TTM) 2.06× · Pricier than median
EV/EBITDA 18.2× · 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 45 · sector 17
FUTURE 0 · sector 38
PAST 21 · sector 21
HEALTH 95 · sector 99
DIVIDEND 28 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 348.40 kr 269.97 -23%
Verisure plc VSURE €10.26 €12.40 +21%
Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is Jade Bird Fire Co (002960) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥10.36 versus a price of ¥8.09, about +28% (undervalued).
What is the fair value of 002960?
Our model-based fair value for Jade Bird Fire Co is ¥10.36 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥8.09.
What is the quality score of 002960?
Jade Bird Fire Co has a Quality Score of 37/100. 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 Jade Bird Fire Co (002960)?
Jade Bird Fire Co reported trailing-twelve-month revenue of about 4.7B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002960?
The net profit margin of Jade Bird Fire Co is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. Based on the latest reported figures.
Does Jade Bird Fire Co pay a dividend?
Jade Bird Fire Co currently shows a dividend yield of about 1.38% 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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