Beijing ConST Instruments Technology Inc (300445) Fair Value & Analysis
Technology · CN · Market cap 4.9B CNY
Fair value as of: Jul 9, 2026
From 26 valuation models · updated 32 days ago
Share price −5.7% over the past month.
A strong business, but screening 48% overvalued on our models.
What matters now
- A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥12.29). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
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 ¥9.07 – ¥28.89 · fair‑value band ¥7.37 – ¥12.29 · the ¥18.88 price screens above the ¥9.83 fair value. Dashed = 300-day average. As of Jul 9, 2026.
Analysis
Beijing ConST Instruments Technology Inc (300445) currently trades at ¥18.88, while our model-based Fair Value estimate is ¥9.83, implying the stock looks roughly 47.9% overvalued today. The Quality Score stands at 75/100 (high 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 ConST Instruments Technology Inc generated revenue of 617M CNY at a net margin of 18.8%. Revenue grew 24.6% year over year. It earns a return on equity of 9.1%. The balance sheet holds a net cash position of 342M CNY. Fundamentals as of Jul 9, 2026
Our scenario range runs from ¥7.37 (bear case) to ¥12.29 (bull case); at ¥18.88, 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 36% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -48%, 300445 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.
All 26 models by family
Widest divergence: DCF Models (¥16.60) versus Dividend Discount (¥1.40). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 40
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 ConST Instruments Technology Inc., together with its subsidiaries, researches, develops, manufactures, and sells digital testing instruments and equipment in China.
Full company description
Beijing ConST Instruments Technology Inc., together with its subsidiaries, researches, develops, manufactures, and sells digital testing instruments and equipment in China. The company offers pressure detection products, including pressure calibrators, intelligent pressure controllers, digital pressure gauges, high-precision pressure guage, pressure pumps, intelligent identification devices, high-precision electrical measurement products, and pressure accessories; and process signal products, such as process and loop calibrators, and process signal accessories. It also provides temperature detection products intelligent dry block oven, thermometers, intelligent constant temperature baths, thermocouple calibration furnaces, temperature accessories, and temperature and humidity verification products; professional software; and professional solutions for pressure, process, temperature, temperature, and humidity detection. In addition, the company involved in technical testing services; technology development and technical consulting; development and sale of computer software; and research, development, and sales of instruments and meters. Its products are used in power, petroleum, chemical, pharmaceutical, metrology, metallurgy, transportation, machinery, and manufacturing industries. The company exports its products to the United States, Europe, and Japan. Beijing ConST Instruments Technology Inc. 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 ConST Instruments Technology Inc reported revenue of ¥590M in FY2025 versus ¥353M in FY2021, a compound +13.7%/yr. Reported net income was ¥104M in FY2025, compounding +10.5%/yr from FY2021.
300445 screens 48% overvalued. Compare with Keysight Technologies, Inc →
Peer Group
Scientific & Technical Instruments · 161 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.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $315.90 | $84.16 | -73% |
| Garmin Ltd GRMN | $241.76 | $146.67 | -39% |
| Teledyne Technologies Incorporated TDY | $635.52 | $367.58 | -42% |
| Chroma ATE Inc 2360 | 1,905 TWD | 286.15 TWD | -85% |
| Hexagon AB HEXAB | kr 80.10 | kr 52.93 | -34% |
| MKS Inc MKSI | $324.69 | $77.46 | -76% |
| AVIC Chengdu Aircraft Company 302132 | ¥52.91 | ¥34.47 | -35% |
| Fortive Corporation FTV | $61.78 | $33.84 | -45% |
| Trimble Inc TRMB | $52.72 | $24.47 | -54% |
| Cognex Corporation CGNX | $64.07 | $13.75 | -79% |
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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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