Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd HK$1.81, price HK$1.58, upside +14.6%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range HK$1.27 – HK$1.90 · fair‑value band HK$1.35 – HK$2.26 · the HK$1.58 price screens below the HK$1.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd., together with its subsidiaries, engages in the design, manufacturing, sale, installation, and maintenance of refrigeration, heating, and air conditioning equipment in China and internationally.
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Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd., together with its subsidiaries, engages in the design, manufacturing, sale, installation, and maintenance of refrigeration, heating, and air conditioning equipment in China and internationally. The company offers piston type, screw type, vortex type, and lithium bromide absorption refrigeration machines/units, as well as pressure vessels, combination warehouses, controlled atmosphere fresh-keeping warehouses, refrigeration stations, quick freezing machines, and heat pumps. It provides maintenance services, including inspection and patrol, routine maintenance, emergency services, technical training, and overhaul workshop; and digital services. In addition, the company engages in the manufacturing and sale of gas compression machinery; building hardware; and plumbing equipment. It serves industrial refrigeration and heating, commercial freezing and refrigeration, air conditioning and environment, smart cold chain, industrial internet and intelligent control, and energy storage thermal management and CCUS industries. The company was formerly known as Dalian Refrigeration Company Limited and changed its name to Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. in March 2020. Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. was founded in 1993 and is headquartered in Dalian, China.
Stock analysis
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) currently trades at HK$1.58, while our model-based Fair Value estimate is HK$1.81, implying the stock looks roughly 12.7% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$2.93 per share, and 9 of the 15 models we run sit above the HK$1.58 price.
Bear case: the Earnings-Based group reads lowest at HK$0.7200, and 6 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$1.35 (bear) to HK$2.26 (bull), the price of HK$1.58 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd reported revenue of 4.4B CNY in FY2025 versus 2.1B CNY in FY2021, a compound +20.5%/yr. Reported net income was 62.0M CNY in FY2025.
Key figures
Market cap HK$1.3B (≈ $170M) · P/E ratio 20.3 · P/S ratio 0.29 · EPS (TTM) HK$0.0800 · Dividend yield 3.2% · Net margin 1.4% · Return on equity 1.7% · Return on assets (EBIT) −0.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 15% 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 −49% fair-value upside, at 15%, 200530 screens cheaper than that median.
Fair Value models
Bear HK$1.35Fair Value HK$1.81Bull HK$2.26
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.0227 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+20.6%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 35 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.4%
Dividend (yield on the price)3.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.4% vs −8.1%, picking up
Profit margin 2020 to 2025 ⓘ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.1% → 3%
Compare Bingshan Refrigeration and Heat Transfer Technologies Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 793 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−69.9% · Bottom 25%
Profitability
Return on equity (TTM)1.7% · Below median
Return on assets0.3% · Bottom 25%
Net margin (TTM)1.3% · Below median
Operating margin (TTM)2.8% · Below median
Growth and dividend
Revenue growth−10.1% · Bottom 25%
Dividend yield (TTM)3.2% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bingshan Refrigeration and Heat Transfer Technologies Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/200530
Frequently asked questions
Is Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of HK$1.81 versus a price of HK$1.58, about +15% upside (undervalued).
What is the fair value of 200530?
Our model-based fair value for Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is HK$1.81 (as of Oct 2, 2026), built from audited fundamentals. The current price: HK$1.58.
What is the quality score of 200530?
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd has a Quality Score of 53/100. 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 Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
Our model-based price target is the fair value of HK$1.81 (as of Oct 2, 2026) from 15 valuation models. Cautious scenario HK$1.35, optimistic scenario HK$2.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Bingshan Refrigeration and Heat Transfer Technologies Co Ltd stock forecast for 2026?
Our models put fair value at HK$1.81, about +15% upside versus a price of HK$1.58 (undervalued). Cautious scenario HK$1.35, optimistic scenario HK$2.26. The calculation is refreshed regularly with new filings.
What is the revenue of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd reported trailing-twelve-month revenue of about 4.3B CNY (latest available figure, as of Oct 2, 2026).
Does Bingshan Refrigeration and Heat Transfer Technologies Co Ltd pay a dividend?
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd currently shows a dividend yield of about 3.16% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bingshan Refrigeration and Heat Transfer Technologies Co Ltd it is HK$1.81 per share (as of Oct 2, 2026), against a price of HK$1.58. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Bingshan Refrigeration and Heat Transfer Technologies Co Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 200530 trades below its calculated fair value: price HK$1.58, fair value HK$1.81, a gap of about +15% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 200530?
No. The price is what the market pays today (HK$1.58); the fair value is what the company's own numbers justify (HK$1.81). For Bingshan Refrigeration and Heat Transfer Technologies Co Ltd the two are HK$0.2300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bingshan Refrigeration and Heat Transfer Technologies Co Ltd worth?
The market values Bingshan Refrigeration and Heat Transfer Technologies Co Ltd at about HK$1.3B (market capitalisation, as of Oct 2, 2026). Per share that is HK$1.58; our models calculate a fair value of HK$1.81 per share.
What do the bullish and bearish scenarios say about 200530?
Our models span a range for Bingshan Refrigeration and Heat Transfer Technologies Co Ltd: cautious scenario HK$1.35, base HK$1.81, optimistic HK$2.26 per share (as of Oct 2, 2026, price HK$1.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 200530?
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd trades at a price-to-earnings ratio of 20.3 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$1.81 is built from several models across several years. Other multiples: PEG 2.6, P/B 0.4, P/S 0.3, EV/EBITDA 3.3.
What is the PEG ratio of 200530?
The PEG ratio of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is 2.63 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
Balance-sheet figures for Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (as of Oct 2, 2026): return on equity 1.7%, debt of 0.12 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 200530 from its 52-week high?
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd trades at HK$1.58, about 15% below its 52-week high of HK$1.86 and 2% above the low of HK$1.55 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.81 is for.
Which stocks are comparable to Bingshan Refrigeration and Heat Transfer Technologies Co Ltd?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bingshan Refrigeration and Heat Transfer Technologies Co Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price HK$1.58, calculated fair value HK$1.81 (+15%), Quality Score 53/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 200530 calculated?
We run Bingshan Refrigeration and Heat Transfer Technologies Co Ltd through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$1.81, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Bingshan Refrigeration and Heat Transfer Technologies Co Ltd currently trades 13 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
The closing price on Sep 30, 2026 was HK$1.58. Our model-based fair value is HK$1.81, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bingshan Refrigeration and Heat Transfer Technologies Co Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) come from?
Earnings per share at Bingshan Refrigeration and Heat Transfer Technologies Co Ltd grew −10.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +9.6 %, EBIT margin −16.5 %, tax rate −0.3 %, residual (interest, one-offs) −1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd
How large is the market capitalisation of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
The market capitalisation of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is HK$1.3B (≈ $170M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
The price-to-sales ratio of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is 0.29 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
Earnings per share at Bingshan Refrigeration and Heat Transfer Technologies Co Ltd are HK$0.0800 (price ÷ EPS = P/E 20.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
The dividend yield of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is 3.2% (payout 62.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
The net margin of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is 1.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
The return on equity (ROE) of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is 1.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
On an EBIT basis the return on assets of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is −0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
The operating margin of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530)?
Revenue at Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is growing −10.1% versus a year earlier (3y avg +15.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) generate?
The free cash flow of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is −70.8M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) hold?
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd holds more cash than debt, 308M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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