Beijing Beimo High-tech Frictional Material Co (002985) Fair Value & Analysis
Industrials · CN · Market cap 10.2B CNY
Fair value as of: Jul 22, 2026
From 26 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥12.66 to ¥12.65 (−0.1%) since Jun 25, 2026. Share price −0.3% over the past month.
A strong business, but screening 51% overvalued on our models.
What matters now
- A high-quality business (quality 78/100), 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 (¥15.72). The favourable scenario is already priced in.
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 ¥16.80 – ¥100.07 · fair‑value band ¥9.49 – ¥15.72 · the ¥26.00 price screens above the ¥12.65 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
Beijing Beimo High-tech Frictional Material Co (002985) currently trades at ¥26.00, while our model-based Fair Value estimate is ¥12.65, implying the stock looks roughly 51.4% overvalued today. The Quality Score stands at 78/100 (high 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 Beimo High-tech Frictional Material Co generated revenue of 920M CNY at a net margin of 23.2%. Revenue grew 0.9% year over year. It earns a return on equity of 8.2%. The balance sheet holds a net cash position of 128M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥9.49 (bear case) to ¥15.72 (bull case); at ¥26.00, 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 44% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -51%, 002985 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.
All 26 models by family
Widest divergence: DCF Models (¥18.97) versus Dividend Discount (¥0.3700). 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 75 · Market factors (momentum, volatility) 32
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 Beimo High-tech Frictional Material Co.,Ltd engages in the research and development, production, and sale of brake products for military aircraft and ground equipment.
Full company description
Beijing Beimo High-tech Frictional Material Co.,Ltd engages in the research and development, production, and sale of brake products for military aircraft and ground equipment. The company offers aircraft brake control systems, aircraft wheels, brake discs, landing gears, civil aviation aircraft landing gear, take-off and landing systems, and high-speed train brake products, as well as provision of electronic component screening and destructive physical analysis services and test programs. Its products are used by military, civilian dual-use aerospace vehicles, tanks, armored vehicles, fighter jets, bombers, and transport aircraft. Beijing Beimo High-tech Frictional Material Co.,Ltd was founded in 2003 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 Beimo High-tech Frictional Material Co reported revenue of ¥915M in FY2025 versus ¥1.1B in FY2021, a compound −5.2%/yr. Reported net income was ¥200M in FY2025, compounding −17.0%/yr from FY2021.
002985 screens 51% overvalued. Compare with General Electric Company →
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.
Valuation Multiples vs Aerospace & Defense 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 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
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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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