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Beijing Jingcheng Machinery Electric Co Ltd (0187) Fair Value & Analysis

Industrials · HK · Market cap HK$1.7B (≈ $212M) · ISIN CNE100000270

What is Beijing Jingcheng Machinery Electric Co Ltd really worth?

BJ Beijing Jingcheng Machinery Electric Co Ltd 0187 · HK
PriceHK$2.84
Fair ValueHK$0.7700
Upside−72.9%
Quality28/100

Below-average quality, and trading another 269% above our fair value of HK$0.7700.

As of Aug 18, 2026, the fair value of Beijing Jingcheng Machinery Electric Co Ltd is HK$0.7700 per share against a price of HK$2.84, so the fair value sits 73% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +6.4 %/yr)
!Loss-making · -4.9% net margin
!Low debt · negative free cash flow
!Trails peers (2/11)
!Narrow moat 1/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 13 out of 100
Evidence: Low Range HK$0.5400 – HK$0.9900

Fair value as of: Aug 18, 2026

From 4 valuation models · updated 19 days ago

Share price −8.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (HK$0.9900). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (HK$0.5400 to HK$0.9900) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

HK$6.22 HK$1.91 Fair Value HK$0.7700 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range HK$1.91 – HK$6.22 · fair‑value band HK$0.5400 – HK$0.9900 · the HK$2.84 price screens above the HK$0.7700 fair value. Dashed = 300-day average. As of Aug 18, 2026.

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Analysis

Beijing Jingcheng Machinery Electric Co Ltd (0187) currently trades at HK$2.84, while our model-based Fair Value estimate is HK$0.7700, implying the stock looks roughly 268.9% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of HK$1.63 per share, and 0 of the 4 models we run sit above the HK$2.84 price. Bear case: the Dividend Discount group reads lowest at HK$0.2300, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Beijing Jingcheng Machinery Electric Co Ltd generated revenue of HK$1.5B at a net margin of −4.9%. Revenue declined 4.3% year over year. It earns a return on equity of −10.9%. Net debt stands at HK$66.7M. Fundamentals as of Aug 18, 2026

Our scenario range runs from HK$0.5400 (bear case) to HK$0.9900 (bull case); at HK$2.84, 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 62% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −73%, 0187 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM HK$0.1500 HK$0.2800 HK$0.3800 68
DDM Multi-Stage HK$0.1500 HK$0.2300 HK$0.3000 67
EV/EBITDA HK$1.43 HK$1.63 HK$1.82 67
All 4 models by family
Dividend Discount
Gordon GGM HK$0.1500 HK$0.2800 HK$0.3800 68
DDM Multi-Stage HK$0.1500 HK$0.2300 HK$0.3000 67
Multiples
EV/EBITDA HK$1.43 HK$1.63 HK$1.82 67
Asset-Based
NCAV (Graham) HK$0.7800 HK$1.05 HK$1.57 54

Widest divergence: Multiples (HK$1.63) versus Dividend Discount (HK$0.2300). Highest evidence: Gordon GGM (68).

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Key figures & financial health

P/S ratio 1.10 TTM
EPS (TTM) HK$−0.1461
Dividend yield 0.7%
Net margin −3.5% FY2025
Return on equity −10.9% TTM
Return on assets (EBIT) −0.2% avg 5y
More key figures
Profitability
Operating margin −6.0% TTM
Growth
Revenue (TTM) HK$1.5B TTM
Revenue growth (YoY) −4.3% 3y avg +2.6%
EPS growth (YoY) +307%
Balance sheet & cash flow
Free cash flow −HK$68.0M FY2025
Net debt HK$66.7M FY2025

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 30 · Market factors (momentum, volatility) 22

Profitability 11
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 49
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Beijing Jingcheng Machinery Electric Company Limited manufactures and sells gas storage and transportation equipment in the People's Republic of China and internationally.

Full company description

Beijing Jingcheng Machinery Electric Company Limited manufactures and sells gas storage and transportation equipment in the People's Republic of China and internationally. It primarily offers liquefied natural gas (LNG) cylinders for vehicles, compressed natural gas (CNG) cylinders for vehicles, seamless steel gas cylinders, welded insulated cylinders, carbon fiber full wound composite cylinders, aluminum-lined carbon fiber fully wound composite cylinders for fuel cells, plastic-lined carbon fiber fully wound composite cylinders, and gas station equipment. The company also provides ground conveyor assembly systems, overhead conveyor systems, robot integration applications, and stamping connecting products, non-standard automated special-purpose machines, etc. In addition, it is involved in the production and sales of gas cylinders, pressure vessels and related equipment, etc.; import and export trade, consultancy, and other services; and robots and automated equipment. The company's products are used in automotive, chemical, fire protection, medical, petroleum, energy, urban construction, food, metallurgy, machinery, and electronics industries. The company was formerly known as Beiren Printing Machinery Holding Company Limited and changed its name to Beijing Jingcheng Machinery Electric Company Limited in December 2013. Beijing Jingcheng Machinery Electric Company Limited was incorporated in 1993 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Jingcheng Machinery Electric Co Ltd reported revenue of 1.5B CNY in FY2025 versus 1.2B CNY in FY2021, a compound +5.8%/yr. Reported net income was −52.2M CNY in FY2025.

Growth Quality 20/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$1.5B
Latest YoY
−10.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.4%
Avg. revenue growth/yr (31Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.1%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−7.8% (2020) → −4.4% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +5.8%/yr
FY21 1.2B CNY
FY22 1.4B CNY
FY23 1.4B CNY
FY24 1.6B CNY
FY25 1.5B CNY
Net income
FY21 −41.2M CNY
FY22 14.1M CNY
FY23 −51.7M CNY
FY24 7.5M CNY
FY25 −52.2M CNY

0187 screens 269% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Beijing Jingcheng Machinery Electric Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0187.HK

Peer Group

Specialty Industrial Machinery · 792 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 28 · Bottom 25%
Fair Value upside −48% · Below median
Return on assets −2% · Bottom 25%
Net margin (TTM) −5% · Bottom 25%
Operating margin (TTM) −6% · Bottom 25%
Revenue growth −4% · Below median
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 0.25× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 21
PAST0 · sector 28
HEALTH91 · sector 96
DIVIDEND13 · sector 27

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.

None of the checked exposures detected

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
Eaton Corporation ETN $402.78 $168.65 −58%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $270.12 $145.84 −46%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Beijing Jingcheng Machinery Electric Co Ltd (0187) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of HK$0.7700 versus a price of HK$2.84, about −73% upside (overvalued).
What is the fair value of 0187?
Our model-based fair value for Beijing Jingcheng Machinery Electric Co Ltd is HK$0.7700 (as of Aug 18, 2026), built from audited fundamentals. The current price: HK$2.84.
What is the quality score of 0187?
Beijing Jingcheng Machinery Electric Co Ltd has a Quality Score of 28/100. 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 price target for Beijing Jingcheng Machinery Electric Co Ltd (0187)?
Our model-based price target is the fair value of HK$0.7700 (as of Aug 18, 2026) from 4 valuation models. Cautious scenario HK$0.5400, optimistic scenario HK$0.9900. It is a calculation from audited fundamentals, not an analyst target.
What is the Beijing Jingcheng Machinery Electric Co Ltd stock forecast for 2026?
Our models put fair value at HK$0.7700, about −73% upside versus a price of HK$2.84 (overvalued). Cautious scenario HK$0.5400, optimistic scenario HK$0.9900. The calculation is refreshed regularly with new filings.
What is the revenue of Beijing Jingcheng Machinery Electric Co Ltd (0187)?
Beijing Jingcheng Machinery Electric Co Ltd reported trailing-twelve-month revenue of about HK$1.5B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 0187?
The net profit margin of Beijing Jingcheng Machinery Electric Co Ltd is about −4.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Beijing Jingcheng Machinery Electric Co Ltd pay a dividend?
Beijing Jingcheng Machinery Electric Co Ltd currently shows a dividend yield of about 0.65% relative to its recent price (as of Aug 18, 2026).
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