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Beijing Enterprises Medical and Health Industry Group Ltd (2389) Fair Value & Analysis

Healthcare · HK · Market cap HK$460M

BE Beijing Enterprises Medical and Health Industry Group Ltd 2389 · HK
PriceHK$0.0810
Fair ValueHK$0.1531
Upside+89.0%
Quality43/100
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Weak Growth
Loss-making · -64.2% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 1/100
Evidence: Low Range HK$0.1207 – HK$0.2260 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0875 to HK$0.1531 (+75.0%) since Aug 5, 2026. Share price +3.8% over the past month.

Below-average quality, screening 89% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$0.1207). The market is more pessimistic than our downside scenario.
  • 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$0.1207 to HK$0.2260) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.1450 HK$0.0600 Fair Value HK$0.1531 Mar 2021 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$0.0600 – HK$0.1450 · fair‑value band HK$0.1207 – HK$0.2260 · the HK$0.0810 price screens below the HK$0.1531 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Beijing Enterprises Medical and Health Industry Group Ltd (2389) currently trades at HK$0.0810, while our model-based Fair Value estimate is HK$0.1531, implying the stock looks roughly 89.0% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Healthcare 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: low), always confirm before acting.

Over the trailing twelve months, Beijing Enterprises Medical and Health Industry Group Ltd generated revenue of HK$157M at a net margin of -64.2%. Revenue grew 5.2% year over year. It earns a return on equity of -5.8%. The balance sheet holds a net cash position of HK$26.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1207 (bear case) to HK$0.2260 (bull case); at HK$0.0810, the current price sits below 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 26% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -14% fair-value upside, at 89%, 2389 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
NCAV (Graham) HK$0.1400 HK$0.1800 HK$0.2700 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.1400 HK$0.1800 HK$0.2700 50

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Key figures & financial health

Revenue (TTM) HK$157M
Revenue growth (YoY) +5.2%
Net margin -64.2%
Return on equity -5.8%
Free cash flow −HK$18.0M FY2025
Operating margin -29.7%
More key figures
Net cash HK$26.4M FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 42 · Market factors (momentum, volatility) 51

Profitability 1
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 82
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

Beijing Health (Holdings) Limited, an investment holding company, provides medical, health, and geriatric care related services and products in the People's Republic of China.

Full company description

Beijing Health (Holdings) Limited, an investment holding company, provides medical, health, and geriatric care related services and products in the People's Republic of China. It engages in the investment and operation of general health industrial park; sports and health sector; and incubator projects; sports businesses, which includes construction and operation of stadiums for winter sports; and investment in the field of the biotechnology, pharmaceutical, medical services, and medical travel. The company also provides investment management consulting services; and engages in trading geriatric care related furniture. In addition, it is involved in medical and logistics related property development activities. The company was formerly known as Beijing Enterprises Medical and Health Industry Group Limited and changed its name to Beijing Health (Holdings) Limited in June 2021. Beijing Health (Holdings) Limited was founded in 1995 and is headquartered in Cheung Sha Wan, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Enterprises Medical and Health Industry Group Ltd reported revenue of HK$157M in FY2025 versus HK$204M in FY2021, a compound −6.3%/yr. Reported net income was −HK$101M in FY2025.

Growth Quality 5/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$157M
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.
−1.9%
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.
+1.0%
Avg. growth/yr (25Y) 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 −6.3%/yr
FY21 HK$204M
FY22 HK$166M
FY23 HK$140M
FY24 HK$150M
FY25 HK$157M
Net income
FY21 −HK$39.4M
FY22 −HK$97.7M
FY23 −HK$61.9M
FY24 −HK$116M
FY25 −HK$101M

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Cite: Fair Value Calculator (2026). "Beijing Enterprises Medical and Health Industry Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2389

Peer Group

Medical Care Facilities · 266 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 42 · Bottom 25%
Fair Value upside +85% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -64% · Bottom 25%
Operating margin (TTM) -30% · Bottom 25%
Revenue growth 5% · Above median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/S (TTM) 0.37× · 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 100 · sector 26
FUTURE 26 · sector 23
PAST 0 · sector 29
HEALTH 100 · sector 90
DIVIDEND 0 · sector 41

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.

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10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Frequently asked questions

Is Beijing Enterprises Medical and Health Industry Group Ltd (2389) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1531 versus a price of HK$0.0810, about +89% (undervalued).
What is the fair value of 2389?
Our model-based fair value for Beijing Enterprises Medical and Health Industry Group Ltd is HK$0.1531 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0810.
What is the quality score of 2389?
Beijing Enterprises Medical and Health Industry Group Ltd has a Quality Score of 43/100. 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 Beijing Enterprises Medical and Health Industry Group Ltd (2389)?
Beijing Enterprises Medical and Health Industry Group Ltd reported trailing-twelve-month revenue of about HK$157M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2389?
The net profit margin of Beijing Enterprises Medical and Health Industry Group Ltd is about -64.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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