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Boer Power Holdings Ltd (1685) Fair Value & Analysis

Industrials · HK · Market cap HK$712M

BP Boer Power Holdings Ltd 1685 · HK
PriceHK$0.6750
Fair ValueHK$0.5700
Upside-15.6%
Quality54/100
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Weak Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
0.76% dividend yield
Trails peers (4/14)
Narrow moat 26/100
Evidence: High Range HK$0.4300 – HK$0.7100 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 3 days ago

Share price −24.2% over the past month.

A solid business, but screening 16% overvalued on our models.

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What matters now

  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from HK$0.4300 (bear) to HK$0.7100 (bull), base HK$0.5700. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$1.01 HK$0.1275 Fair Value HK$0.5700 May 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.1275 – HK$1.01 · fair‑value band HK$0.4300 – HK$0.7100 · the HK$0.6750 price screens above the HK$0.5700 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Boer Power Holdings Ltd (1685) currently trades at HK$0.6750, while our model-based Fair Value estimate is HK$0.5700, implying the stock looks roughly 15.6% overvalued today. The Quality Score stands at 54/100 (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, Boer Power Holdings Ltd generated revenue of HK$648M at a net margin of 2.8%. Revenue declined 17.1% year over year. It earns a return on equity of 6.1%. The balance sheet holds a net cash position of HK$348M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.4300 (bear case) to HK$0.7100 (bull case); at HK$0.6750, 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 37% below its 52-week high and 168% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -42% fair-value upside, at -16%, 1685 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 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
Growth DCF HK$2.00 HK$2.42 HK$2.93 80
Residual Income HK$0.2900 HK$0.3000 HK$0.2900 76
Rev-Margin DCF HK$1.50 HK$1.78 HK$2.10 74
All 25 models by family
DCF Models
FCF DCF HK$1.98 HK$2.45 HK$3.06 38
Owner Earnings HK$1.03 HK$1.15 HK$1.30 31
5Y Revenue Exit HK$1.50 HK$1.76 HK$2.06 39
5Y EBITDA Exit HK$1.57 HK$1.88 HK$2.22 41
5Y P/E Exit HK$1.43 HK$1.63 HK$1.83 38
10Y Revenue Exit HK$1.68 HK$1.94 HK$2.24 36
10Y EBITDA Exit HK$1.73 HK$2.02 HK$2.35 37
10Y P/E Exit HK$1.65 HK$1.86 HK$2.09 35
Earnings-Based
Graham-Dodd HK$0.1600 HK$0.4100 HK$0.5400 54
PEG = 1.0 HK$0.0800 HK$0.1100 HK$0.1400 46
EPV HK$1.10 HK$1.15 HK$1.19 59
Dividend Discount
Gordon GGM HK$0.1700 HK$0.3000 HK$0.4200 70
DDM Multi-Stage HK$0.1700 HK$0.2400 HK$0.3200 61
Multiples
P/E Multiple HK$0.3700 HK$0.4900 HK$0.6100 63
P/S Multiple HK$0.3000 HK$0.3900 HK$0.4900 58
P/B Multiple HK$0.3000 HK$0.3900 HK$0.4900 55
EV/EBIT HK$1.38 HK$1.60 HK$1.82 53
EV/EBITDA HK$1.36 HK$1.57 HK$1.79 54
EV/Revenue HK$1.20 HK$1.40 HK$1.60 43
Asset-Based
NCAV (Graham) HK$0.1900 HK$0.2600 HK$0.3900 50
Growth DCF
Growth DCF HK$2.00 HK$2.42 HK$2.93 80
Rev-Margin DCF HK$1.50 HK$1.78 HK$2.10 74
Economic Profit
Residual Income HK$0.2900 HK$0.3000 HK$0.2900 76
ROIC Compounder HK$1.10 HK$1.15 HK$1.19 72
Growth Earnings
Growth-Adj P/E HK$0.2900 HK$0.4100 HK$0.5300 68

Widest divergence: DCF Models (HK$1.86) versus Dividend Discount (HK$0.2400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$648M
Revenue growth (YoY) -17.1%
Net margin 2.8%
Return on equity 6.1%
Free cash flow HK$107M FY2025
P/E ratio 30.7 as of Jul 2, 2026
More key figures
Operating margin 5.9%
EPS (TTM) HK$0.0100
Dividend yield 0.8%
EPS growth (YoY) -58.2%
Net cash HK$348M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 63

Profitability 25
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 94
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 76
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

Boer Power Holdings Limited, an investment holding company, designs, manufactures, and sells electrical distribution equipment in the People's Republic of China. It operates in two segments, Intelligent Electrical Management Solutions (IEM Solutions); and Components and Spare Parts Business.

Full company description

Boer Power Holdings Limited, an investment holding company, designs, manufactures, and sells electrical distribution equipment in the People's Republic of China. It operates in two segments, Intelligent Electrical Management Solutions (IEM Solutions); and Components and Spare Parts Business. The IEM Solutions segment sells electrical distribution systems; engineering, procurement, and construction projects; and electricity. The Components and Spare Parts Business segment offers components and spare parts for application of electrical distribution equipment. The company also designs, manufactures, and sells capacitors. In addition, it engages in the trading components and spare parts, as well as in the development and sale of software. Further, the company offers its products and services to medical, data center, electricity, real estate, industrial park, and other sectors. Boer Power Holdings Limited was founded in 1985 and is headquartered in Wuxi, the People's Republic of China. The company operates as a subsidiary of King Able Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Boer Power Holdings Ltd reported revenue of HK$648M in FY2025 versus HK$573M in FY2021, a compound +3.1%/yr. Reported net income was HK$18.0M in FY2025, compounding +10.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$648M
Latest YoY
−4.8%
Avg. 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.
+1.1%
Avg. 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.
−4.5%
Avg. growth/yr (18Y) 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.
+3.4%
Revenue +3.1%/yr
FY21 HK$573M
FY22 HK$627M
FY23 HK$586M
FY24 HK$680M
FY25 HK$648M
Net income +10.3%/yr
FY21 HK$12.1M
FY22 HK$30.2M
FY23 HK$28.9M
FY24 HK$31.1M
FY25 HK$18.0M
Character of growth · EPS growth decomposed (2014-2025) −26.8 % p.a.
Revenue per share −12.7 pp

of which total revenue −12.5 pp · buybacks/dilution −0.2 pp

EBIT margin −12.2 pp
Tax rate +0.2 pp
Residual (interest, one-offs) −2.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

1685 screens 16% overvalued. Compare with W.W. Grainger, Inc →

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Cite: Fair Value Calculator (2026). "Boer Power Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1685

Peer Group

Industrial Distribution · 106 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 54 · Below median
Fair Value upside −16% · Below median
Return on equity (TTM) 6% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth -17% · Bottom 25%
Dividend yield (TTM) 0.8% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 30.7× · Pricier than median
P/B 2.38× · Pricier than median
P/S (TTM) 1.10× · Pricier than median
P/FCF 0.8× · Cheaper than 75% of peers
EV/EBITDA 3.6× · Cheaper 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 13 · sector 23
FUTURE 0 · sector 19
PAST 24 · sector 35
HEALTH 100 · sector 91
DIVIDEND 15 · sector 40

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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W.W. Grainger, Inc GWW $1,305 $613.88 -53%
Fastenal Company FAST $52.22 $20.64 -60%
Ferguson Enterprises Inc FERG $245.18 $148.98 -39%
WESCO International, Inc WCC $364.60 $213.01 -42%
Watsco, Inc WSO $309.41 $268.10 -13%
Toromont Industries Ltd TIH C$218.77 C$127.90 -42%
Applied Industrial Technologies, Inc AIT $352.29 $191.65 -46%
Finning International Inc FTT C$93.86 C$76.38 -19%
Addtech AB ADDTB kr 344.00 kr 156.35 -55%
Core & Main, Inc CNM $46.63 $49.47 +6%

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Frequently asked questions

Is Boer Power Holdings Ltd (1685) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.5700 versus a price of HK$0.6750, about −16% (overvalued).
What is the fair value of 1685?
Our model-based fair value for Boer Power Holdings Ltd is HK$0.5700 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.6750.
What is the quality score of 1685?
Boer Power Holdings Ltd has a Quality Score of 54/100. 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 Boer Power Holdings Ltd (1685)?
Boer Power Holdings Ltd reported trailing-twelve-month revenue of about HK$648M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1685?
The net profit margin of Boer Power Holdings Ltd is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Boer Power Holdings Ltd pay a dividend?
Boer Power Holdings Ltd currently shows a dividend yield of about 0.76% relative to its recent price (as of Aug 13, 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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