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Beijing Trust & Far Technology Co (300231) Fair Value & Analysis

Technology · CN · Market cap 3.9B CNY

BT Beijing Trust & Far Technology Co 300231 · SHE
Price¥8.68
Fair Value¥2.79
Upside-67.9%
Quality67/100
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Weak Growth
Thin margins · 2.9% net margin
Low debt · generates free cash flow
1.74% dividend yield
Trails peers (1/14)
Narrow moat 29/100
Evidence: High Range ¥2.05 – ¥3.42 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Share price +14.7% over the past month.

A solid business, but screening 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥3.42). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥15.82 ¥5.93 Fair Value ¥2.79 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥5.93 – ¥15.82 · fair‑value band ¥2.05 – ¥3.42 · the ¥8.68 price screens above the ¥2.79 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Beijing Trust & Far Technology Co (300231) currently trades at ¥8.68, while our model-based Fair Value estimate is ¥2.79, implying the stock looks roughly 67.9% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Technology 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, Beijing Trust & Far Technology Co generated revenue of 1.8B CNY at a net margin of 2.9%. Revenue declined 16.2% year over year. It earns a return on equity of 3.1%. Net debt stands at 169M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥2.05 (bear case) to ¥3.42 (bull case); at ¥8.68, the current price sits above 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 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -68%, 300231 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 ¥4.26 ¥6.96 ¥11.48 80
Residual Income ¥2.74 ¥2.72 ¥2.40 76
Rev-Margin DCF ¥3.34 ¥5.14 ¥7.57 74
All 26 models by family
DCF Models
FCF DCF ¥4.33 ¥7.42 ¥12.87 38
Owner Earnings ¥4.84 ¥8.37 ¥14.61 31
5Y Revenue Exit ¥3.34 ¥5.18 ¥7.70 39
5Y EBITDA Exit ¥4.58 ¥7.84 ¥12.04 41
5Y P/E Exit ¥3.24 ¥4.97 ¥6.97 38
10Y Revenue Exit ¥3.58 ¥5.45 ¥8.39 36
10Y EBITDA Exit ¥4.46 ¥7.40 ¥12.08 37
10Y P/E Exit ¥3.58 ¥5.30 ¥7.77 35
Earnings-Based
Graham-Dodd ¥0.9300 ¥4.90 ¥6.79 54
Lynch FV ¥1.35 ¥1.93 ¥2.50 50
PEG = 1.0 ¥1.35 ¥1.93 ¥2.50 46
EPV ¥2.19 ¥2.41 ¥2.60 59
Dividend Discount
Gordon GGM ¥1.21 ¥2.42 ¥3.66 70
DDM Multi-Stage ¥1.21 ¥2.09 ¥2.55 61
Multiples
P/E Multiple ¥2.05 ¥2.74 ¥3.42 63
P/S Multiple ¥1.75 ¥2.33 ¥2.91 58
P/B Multiple ¥1.75 ¥2.33 ¥2.91 55
EV/EBIT ¥3.87 ¥4.90 ¥5.92 53
EV/EBITDA ¥4.98 ¥6.37 ¥7.76 54
EV/Revenue ¥2.88 ¥3.76 ¥4.65 43
Asset-Based
NCAV (Graham) ¥1.86 ¥2.50 ¥3.73 50
Growth DCF
Growth DCF ¥4.26 ¥6.96 ¥11.48 80
Rev-Margin DCF ¥3.34 ¥5.14 ¥7.57 74
Economic Profit
Residual Income ¥2.74 ¥2.72 ¥2.40 76
ROIC Compounder ¥2.19 ¥2.41 ¥2.60 72
Growth Earnings
Growth-Adj P/E ¥1.95 ¥2.79 ¥3.63 68

Widest divergence: DCF Models (¥5.45) versus Earnings-Based (¥1.93). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.8B CNY
Revenue growth (YoY) -16.2%
Net margin 2.9%
Return on equity 3.1%
Free cash flow 121M CNY FY2025
P/E ratio 72.8
More key figures
Operating margin 2.9%
EPS (TTM) ¥0.1200
Dividend yield 1.7%
EPS growth (YoY) -42.2%
Net debt 169M CNY FY2022

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 26

Profitability 31
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 81
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 Trust & Far Technology Co.,Ltd, together with its subsidiaries, provides data center information technology infrastructure operation and maintenance services in China.

Full company description

Beijing Trust & Far Technology Co.,Ltd, together with its subsidiaries, provides data center information technology infrastructure operation and maintenance services in China. The company offers intelligent integrated operation and maintenance management system based on big data, which is for monitoring level and fault response; DBScale database container platform, which is for building an enterprise-grade database container cloud management platform; cloud operation and maintenance platform for small and medium enterprises that standardizes, automates, and modularizes tasks previously performed by operations engineers; enterprise-level converged distributed data processing platform, which is for connecting big data, data integration, and internet connectivity; BrowseView SRM system monitoring software, a web-based system monitoring solution that enables centralized monitoring of data center IT infrastructure; and BrowseView OMM, an IT operations and maintenance management product that takes the system and process management of IT service management. It also provides IT infrastructure maintenance services; system integration; human outsourcing; on-site project management; database container; integrated operation and maintenance; open-source business services; information technology business products and services; and monitoring and operations open-source software solutions. The company was founded in 2004 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Trust & Far Technology Co reported revenue of ¥1.9B in FY2025 versus ¥2.3B in FY2021, a compound −5.6%/yr. Reported net income was ¥60.8M in FY2025, compounding −22.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.9B CNY
Latest YoY
+15.7%
Avg. growth/yr (3Y)
−8.4%
Avg. growth/yr (5Y)
−4.3%
Avg. growth/yr (17Y)
+17.4%
Revenue −5.6%/yr
FY21 ¥2.3B
FY22 ¥2.4B
FY23 ¥2.0B
FY24 ¥1.6B
FY25 ¥1.9B
Net income −22.7%/yr
FY21 ¥170M
FY22 ¥174M
FY23 ¥106M
FY24 −¥118M
FY25 ¥60.8M

300231 screens 68% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Beijing Trust & Far Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300231

Peer Group

Information Technology Services · 480 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 67 · Top 25%
Fair Value upside −68% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -16% · Bottom 25%
Dividend yield (TTM) 1.7% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 72.8× · Pricier than 75% of peers
P/B 2.34× · Pricier than median
P/S (TTM) 2.17× · Pricier than 75% of peers
P/FCF 4.7× · Pricier than median
EV/EBITDA 18.9× · 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 0 · sector 20
FUTURE 0 · sector 29
PAST 12 · sector 36
HEALTH 95 · sector 97
DIVIDEND 35 · sector 37

VALUE 0: the price sits above our fair-value range.

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Beijing Trust & Far Technology Co (300231) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥2.79 versus a price of ¥8.68, about −68% (overvalued).
What is the fair value of 300231?
Our model-based fair value for Beijing Trust & Far Technology Co is ¥2.79 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥8.68.
What is the quality score of 300231?
Beijing Trust & Far Technology Co has a Quality Score of 67/100. 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 Trust & Far Technology Co (300231)?
Beijing Trust & Far Technology Co reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300231?
The net profit margin of Beijing Trust & Far Technology Co is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does Beijing Trust & Far Technology Co pay a dividend?
Beijing Trust & Far Technology Co currently shows a dividend yield of about 1.74% relative to its recent price (as of Jul 9, 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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