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Centre Testing International Group (300012) Fair Value & Analysis

Industrials · CN · Market cap 23.6B CNY

CT Centre Testing International Group 300012 · SHE
Price¥14.04
Fair Value¥11.90
Upside-15.2%
Quality63/100
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Healthy Growth
Solidly profitable · 15.5% net margin
Low debt · generates free cash flow
1.39% dividend yield
Mixed vs. peers (8/14)
Moderate moat 58/100
Evidence: High Range ¥8.76 – ¥14.78 Share as image

Fair value as of: Jul 7, 2026

From 26 valuation models · updated 34 days ago

Fair value updated Jul 7, 2026, revised from ¥12.68 to ¥11.90 (−6.2%) since Jun 24, 2026. Share price +0.6% over the past month.

A solid business, but screening 15% overvalued on our models.

What matters now

  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥8.76 (bear) to ¥14.78 (bull), base ¥11.90. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥33.94 ¥9.33 Fair Value ¥11.90 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.

How to read this chart

60‑month range ¥9.33 – ¥33.94 · fair‑value band ¥8.76 – ¥14.78 · the ¥14.04 price screens above the ¥11.90 fair value. Dashed = 300-day average. As of Jul 7, 2026.

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Analysis

Centre Testing International Group (300012) currently trades at ¥14.04, while our model-based Fair Value estimate is ¥11.90, implying the stock looks roughly 15.2% overvalued today. The Quality Score stands at 63/100 (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, Centre Testing International Group generated revenue of 6.8B CNY at a net margin of 15.5%. Revenue grew 16.2% year over year. It earns a return on equity of 13.9%. The balance sheet holds a net cash position of 640M CNY. Fundamentals as of Jul 7, 2026

Our scenario range runs from ¥8.76 (bear case) to ¥14.78 (bull case); at ¥14.04, 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 21% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -4% fair-value upside, at -15%, 300012 screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥7.06 ¥13.22 ¥24.89 80
Residual Income ¥4.36 ¥5.45 ¥13.56 76
Rev-Margin DCF ¥6.34 ¥11.67 ¥19.57 74
All 26 models by family
DCF Models
FCF DCF ¥7.36 ¥11.97 ¥24.99 38
Owner Earnings ¥8.69 ¥18.70 ¥39.60 31
5Y Revenue Exit ¥6.34 ¥11.16 ¥20.29 39
5Y EBITDA Exit ¥9.28 ¥17.54 ¥32.32 41
5Y P/E Exit ¥9.29 ¥18.92 ¥31.31 38
10Y Revenue Exit ¥6.43 ¥12.24 ¥19.43 36
10Y EBITDA Exit ¥8.69 ¥17.74 ¥34.34 37
10Y P/E Exit ¥8.70 ¥17.76 ¥33.37 35
Earnings-Based
Graham-Dodd ¥4.11 ¥28.36 ¥39.78 54
Lynch FV ¥8.35 ¥11.93 ¥15.52 50
PEG = 1.0 ¥8.35 ¥11.93 ¥15.52 46
EPV ¥6.55 ¥7.52 ¥8.37 59
Dividend Discount
Gordon GGM ¥1.38 ¥2.88 ¥4.56 70
DDM Multi-Stage ¥1.38 ¥2.43 ¥3.02 61
Multiples
P/E Multiple ¥9.51 ¥12.68 ¥15.85 63
P/S Multiple ¥5.90 ¥7.87 ¥9.84 58
P/B Multiple ¥7.70 ¥10.27 ¥12.83 55
EV/EBIT ¥9.39 ¥12.27 ¥15.15 53
EV/EBITDA ¥10.24 ¥13.40 ¥16.57 54
EV/Revenue ¥5.70 ¥7.83 ¥9.95 43
Asset-Based
NCAV (Graham) ¥2.28 ¥3.05 ¥4.56 50
Growth DCF
Growth DCF ¥7.06 ¥13.22 ¥24.89 80
Rev-Margin DCF ¥6.34 ¥11.67 ¥19.57 74
Economic Profit
Residual Income ¥4.36 ¥5.45 ¥13.56 76
ROIC Compounder ¥7.85 ¥11.42 ¥14.47 72
Growth Earnings
Growth-Adj P/E ¥11.47 ¥16.39 ¥21.30 68

Widest divergence: DCF Models (¥17.54) versus Dividend Discount (¥2.43). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.8B CNY
Revenue growth (YoY) +16.2%
Net margin 15.5%
Return on equity 13.9%
Free cash flow 713M CNY FY2025
P/E ratio 22.2
More key figures
Operating margin 12.5%
EPS (TTM) ¥0.6300
Dividend yield 1.4%
EPS growth (YoY) +31.0%
Net cash 640M CNY FY2024

Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 52

Profitability 56
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 79
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

Centre Testing International Group Co. Ltd. provides testing, inspection, certification, calibration, audit, training, and technical services in China and internationally. It operates in five segments: Trade Protection; Consumer Product Testing; Industrial Testing; Life Sciences; and Pharmaceuticals and Medical Services.

Full company description

Centre Testing International Group Co. Ltd. provides testing, inspection, certification, calibration, audit, training, and technical services in China and internationally. It operates in five segments: Trade Protection; Consumer Product Testing; Industrial Testing; Life Sciences; and Pharmaceuticals and Medical Services. The company offers environmental protection and regulatory; in-vehicle electronics; vehicle and parts; connectors and fasteners; rail transit; hazardous substances in vessel; aviation materials; special equipment; toys; home supplies; furniture and furniture materials; food contact material; table and kitchenware; medical device; electromagnetic compatibility; safety compliance; reliability; green/ environmental protection; construction works; combustion performance; foundation and on-site physical inspection; construction site monitory/measurement; building material testing; CTI sets; food and product type inspection; pet food and feed; agricultural materials; health food and FSMP; industry quality control plans; footwear/bags, textile, and garment testing; lubricant oil condition monitoring; petroleum products; fuel oil; chemical product and green environmental testing; metal material; polymer materials; food contact material; occupational and public health; and environmental monitoring services. It also provides CE, system, service, and product certification services; food safety; electronic and electrical appliances; building materials, rail, transit, and industrial equipment and manufacturing services; and consumer product inspection, wind power equipment manufacturing supervision, wind turbine and industrial product inspection, non-destructive and foundation-based testing, engineering on-site monitoring and measurement, luxury goods inspection, pest control, bulk commodity inspection, and government-entrusted inspection services. Centre Testing International Group Co. Ltd. was incorporated in 2003 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Centre Testing International Group reported revenue of ¥6.6B in FY2025 versus ¥4.3B in FY2021, a compound +11.2%/yr. Reported net income was ¥1.0B in FY2025, compounding +8.0%/yr from FY2021.

Growth Quality 98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.6B CNY
Latest YoY
+8.8%
Avg. growth/yr (3Y)
+8.9%
Avg. growth/yr (5Y)
+13.2%
Avg. growth/yr (19Y)
+27.2%
Revenue +11.2%/yr
FY21 ¥4.3B
FY22 ¥5.1B
FY23 ¥5.6B
FY24 ¥6.1B
FY25 ¥6.6B
Net income +8.0%/yr
FY21 ¥746M
FY22 ¥903M
FY23 ¥910M
FY24 ¥921M
FY25 ¥1.0B

300012 screens 15% overvalued. Compare with Verisk Analytics, Inc →

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Cite: Fair Value Calculator (2026). "Centre Testing International Group Fair Value". https://www.fairvalue-calculator.com/stock/300012

Peer Group

Consulting Services · 83 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 63 · Above median
Fair Value upside −15% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 7% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Consulting Services median · lower = cheaper

P/E (TTM) 22.2× · Pricier than median
P/B 3.07× · Pricier than median
P/S (TTM) 3.45× · Pricier than 75% of peers
P/FCF 4.9× · Cheaper than median
EV/EBITDA 15.6× · Pricier 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 20
FUTURE 81 · sector 11
PAST 55 · sector 41
HEALTH 100 · sector 89
DIVIDEND 28 · sector 52

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 Consulting Services stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).

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ALS Limited ALQ A$21.96 A$11.02 -50%
Booz Allen Hamilton Holding BAH $63.94 $120.62 +89%
DKSH Holding DKSH CHF 67.60 CHF 64.81 -4%
FTI Consulting, Inc FCN $156.86 $171.64 +9%
GRG Metrology & Test Group 002967 ¥16.56 ¥11.69 -29%
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Frequently asked questions

Is Centre Testing International Group (300012) overvalued or undervalued?
As of Jul 7, 2026, our model estimates a fair value of ¥11.90 versus a price of ¥14.04, about −15% (overvalued).
What is the fair value of 300012?
Our model-based fair value for Centre Testing International Group is ¥11.90 (as of Jul 7, 2026), built from audited fundamentals. The current price is ¥14.04.
What is the quality score of 300012?
Centre Testing International Group has a Quality Score of 63/100. 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 Centre Testing International Group (300012)?
Centre Testing International Group reported trailing-twelve-month revenue of about 6.8B CNY (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 300012?
The net profit margin of Centre Testing International Group is about 15.5%, meaning it keeps roughly 15.5% of revenue as net income. Based on the latest reported figures.
Does Centre Testing International Group pay a dividend?
Centre Testing International Group currently shows a dividend yield of about 1.39% relative to its recent price (as of Jul 7, 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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