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Aier Eye Hospital Group (300015) Fair Value & Analysis

Healthcare · CN · Market cap 83.8B CNY

AE Aier Eye Hospital Group 300015 · SHE
Price¥8.73
Fair Value¥7.67
Upside-12.1%
Quality54/100
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Healthy Growth
Solidly profitable · 14.8% net margin
Low debt · generates free cash flow
2.03% dividend yield
Mixed vs. peers (8/15)
Wide moat 66/100
Evidence: Medium Range ¥5.75 – ¥9.58 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 21 days ago

Fair value updated Jul 17, 2026, revised from ¥7.64 to ¥7.67 (+0.4%) since Jul 7, 2026. Share price +7.1% over the past month.

A solid business, but screening 12% overvalued on our models.

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 ¥5.75 (bear) to ¥9.58 (bull), base ¥7.67. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥40.07 ¥7.91 Fair Value ¥7.67 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range ¥7.91 – ¥40.07 · fair‑value band ¥5.75 – ¥9.58 · the ¥8.73 price screens above the ¥7.67 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Aier Eye Hospital Group (300015) currently trades at ¥8.73, while our model-based Fair Value estimate is ¥7.67, implying the stock looks roughly 12.1% overvalued today. We read business quality at 54/100 (solid quality), in the Healthcare 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: medium).

Over the trailing twelve months, Aier Eye Hospital Group generated revenue of 22.7B CNY at a net margin of 14.8%. Revenue grew 6.1% year over year. It earns a return on equity of 15.2%. Net debt stands at 651M CNY. Fundamentals as of Jul 17, 2026

Our scenario range runs from ¥5.75 (bear case) to ¥9.58 (bull case); at ¥8.73, 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 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at -12%, 300015 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 ¥7.16 ¥12.84 ¥24.32 80
Residual Income ¥2.35 ¥3.01 ¥7.31 76
Rev-Margin DCF ¥5.78 ¥11.02 ¥19.44 74
All 26 models by family
DCF Models
FCF DCF ¥7.58 ¥11.60 ¥24.43 38
Owner Earnings ¥5.49 ¥11.79 ¥25.02 31
5Y Revenue Exit ¥5.78 ¥9.70 ¥17.69 39
5Y EBITDA Exit ¥7.62 ¥13.51 ¥24.78 41
5Y P/E Exit ¥6.31 ¥12.77 ¥21.36 38
10Y Revenue Exit ¥6.13 ¥12.29 ¥17.15 36
10Y EBITDA Exit ¥7.65 ¥16.09 ¥31.86 37
10Y P/E Exit ¥6.70 ¥13.39 ¥25.00 35
Earnings-Based
Graham-Dodd ¥2.37 ¥16.52 ¥23.19 54
Lynch FV ¥5.70 ¥8.15 ¥10.59 50
PEG = 1.0 ¥5.70 ¥8.15 ¥10.59 46
EPV ¥4.69 ¥5.38 ¥5.98 59
Dividend Discount
Gordon GGM ¥1.51 ¥3.13 ¥4.97 70
DDM Multi-Stage ¥1.51 ¥2.64 ¥3.29 61
Multiples
P/E Multiple ¥5.23 ¥6.97 ¥8.71 63
P/S Multiple ¥4.44 ¥5.92 ¥7.40 58
P/B Multiple ¥4.44 ¥5.92 ¥7.40 55
EV/EBIT ¥7.66 ¥10.03 ¥12.40 53
EV/EBITDA ¥7.55 ¥9.89 ¥12.22 54
EV/Revenue ¥4.76 ¥6.56 ¥8.37 43
Asset-Based
NCAV (Graham) ¥1.18 ¥1.58 ¥2.36 50
Growth DCF
Growth DCF ¥7.16 ¥12.84 ¥24.32 80
Rev-Margin DCF ¥5.78 ¥11.02 ¥19.44 74
Economic Profit
Residual Income ¥2.35 ¥3.01 ¥7.31 76
ROIC Compounder ¥5.88 ¥8.51 ¥11.78 72
Growth Earnings
Growth-Adj P/E ¥7.31 ¥10.45 ¥13.58 68

Widest divergence: DCF Models (¥12.29) versus Asset-Based (¥1.58). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 22.7B CNY
Revenue growth (YoY) +6.1%
Net margin 14.8%
Return on equity 15.2%
Free cash flow 3.9B CNY FY2025
P/E ratio 23.7
More key figures
Operating margin 25.8%
EPS (TTM) ¥0.3600
Dividend yield 2.1%
EPS growth (YoY) +12.1%
Net debt 651M CNY FY2024

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 64 · Market factors (momentum, volatility) 33

Profitability 54
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 72
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

Aier Eye Hospital Group Co., Ltd. operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia. It offers diagnosis and treatment of various ophthalmic diseases, surgical services, medical optometry, and lens fitting for fundus diseases, glaucoma, and cataract.

Full company description

Aier Eye Hospital Group Co., Ltd. operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia. It offers diagnosis and treatment of various ophthalmic diseases, surgical services, medical optometry, and lens fitting for fundus diseases, glaucoma, and cataract. The company also provides training courses for cataract cases, ICL surgery, and presbyopia surgery. Aier Eye Hospital Group Co., Ltd. was founded in 2002 and is headquartered in Changsha, China

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aier Eye Hospital Group reported revenue of ¥22.4B in FY2025 versus ¥15.0B in FY2021, a compound +10.5%/yr. Reported net income was ¥3.2B in FY2025, compounding +8.7%/yr from FY2021.

Growth Quality 99/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
22.4B CNY
Latest YoY
+6.5%
Avg. growth/yr (3Y)
+11.5%
Avg. growth/yr (5Y)
+13.4%
Avg. growth/yr (19Y)
+28.5%
Revenue +10.5%/yr
FY21 ¥15.0B
FY22 ¥16.1B
FY23 ¥20.4B
FY24 ¥21.0B
FY25 ¥22.4B
Net income +8.7%/yr
FY21 ¥2.3B
FY22 ¥2.5B
FY23 ¥3.4B
FY24 ¥3.6B
FY25 ¥3.2B

300015 screens 12% overvalued. Compare with HCA Healthcare, Inc →

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Cite: Fair Value Calculator (2026). "Aier Eye Hospital Group Fair Value". https://www.fairvalue-calculator.com/stock/300015

Peer Group

Medical Care Facilities · 262 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 · Above median
Fair Value upside −12% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 25.0× · Pricier than median
P/B 3.81× · Pricier than 75% of peers
P/S (TTM) 3.69× · Pricier than 75% of peers
P/FCF 3.2× · Pricier than median
EV/EBITDA 13.6× · Pricier than median
PEG 1.65× · Pricier than median

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 17 · sector 23
FUTURE 31 · sector 24
PAST 61 · sector 30
HEALTH 100 · sector 90
DIVIDEND 41 · sector 38

Insider activity: 40/100

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 Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.76 SGD 1.28 SGD -54%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Max Healthcare Institute Limited MAXHEALTH ₹1,103 ₹284.87 -74%

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Frequently asked questions

Is Aier Eye Hospital Group (300015) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of ¥7.67 versus a price of ¥8.73, about −12% (overvalued).
What is the fair value of 300015?
Our model-based fair value for Aier Eye Hospital Group is ¥7.67 (as of Jul 17, 2026), built from audited fundamentals. The current price is ¥8.73.
What is the quality score of 300015?
Aier Eye Hospital Group has a Quality Score of 54/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Aier Eye Hospital Group (300015)?
Aier Eye Hospital Group reported trailing-twelve-month revenue of about 22.7B CNY (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 300015?
The net profit margin of Aier Eye Hospital Group is about 14.8%, meaning it keeps roughly 14.8% of revenue as net income. Based on the latest reported figures.
Does Aier Eye Hospital Group pay a dividend?
Aier Eye Hospital Group currently shows a dividend yield of about 2.12% relative to its recent price (as of Jul 17, 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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