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Shenzhen Bingchuan Network Co (300533) Fair Value & Analysis

Communication Services · CN · Market cap 4.9B CNY

SB Shenzhen Bingchuan Network Co 300533 · SHE
Price¥15.24
Fair Value¥23.31
Upside+53.0%
Quality75/100
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Mixed Growth
Solidly profitable · 11.3% net margin
generates free cash flow
9.51% dividend yield
Mixed vs. peers (7/13)
Moderate moat 56/100
Evidence: High Range ¥17.71 – ¥57.84 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price −10.6% over the past month.

A strong business, screening 53% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (¥17.71). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (¥17.71 to ¥57.84). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

¥37.03 ¥6.15 Fair Value ¥23.31 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 ¥6.15 – ¥37.03 · fair‑value band ¥17.71 – ¥57.84 · the ¥15.24 price screens below the ¥23.31 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shenzhen Bingchuan Network Co (300533) currently trades at ¥15.24, while our model-based Fair Value estimate is ¥23.31, implying the stock looks roughly 53.0% undervalued today. The Quality Score stands at 75/100 (high quality), in the Communication Services 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: high), always confirm before acting.

Over the trailing twelve months, Shenzhen Bingchuan Network Co generated revenue of 2.5B CNY at a net margin of 11.3%. Revenue declined 5.0% year over year. It earns a return on equity of 19.6%. The stock trades on a trailing P/E of 17.3. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥17.71 (bear case) to ¥57.84 (bull case); at ¥15.24, 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 50% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at 53%, 300533 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥10.08 ¥14.09 ¥109.98 76
Growth DCF ¥30.32 ¥54.25 ¥100.56 72
Growth-Adj P/E ¥31.14 ¥44.49 ¥57.84 68
All 24 models by family
DCF Models
FCF DCF ¥32.16 ¥49.56 ¥102.70 38
Owner Earnings ¥22.82 ¥49.45 ¥103.29 31
5Y Revenue Exit ¥19.47 ¥31.92 ¥56.64 39
5Y EBITDA Exit ¥19.19 ¥31.33 ¥53.96 41
5Y P/E Exit ¥27.06 ¥55.29 ¥92.32 38
10Y Revenue Exit ¥22.65 ¥42.03 ¥58.23 36
10Y EBITDA Exit ¥22.98 ¥41.48 ¥74.32 37
10Y P/E Exit ¥28.49 ¥56.94 ¥106.92 35
Earnings-Based
Graham-Dodd ¥10.02 ¥69.85 ¥98.02 54
Lynch FV ¥23.09 ¥32.98 ¥42.87 50
PEG = 1.0 ¥23.09 ¥32.98 ¥42.87 46
EPV ¥12.31 ¥14.11 ¥15.66 59
Multiples
P/E Multiple ¥24.30 ¥32.40 ¥40.51 63
P/S Multiple ¥18.78 ¥25.04 ¥31.30 58
P/B Multiple ¥12.24 ¥16.32 ¥20.39 55
EV/EBIT ¥17.71 ¥23.31 ¥28.91 53
EV/EBITDA ¥14.17 ¥18.59 ¥23.01 54
EV/Revenue ¥13.65 ¥19.11 ¥24.57 43
Asset-Based
NCAV (Graham) ¥2.33 ¥3.12 ¥4.66 50
Growth DCF
Growth DCF ¥30.32 ¥54.25 ¥100.56 72
Rev-Margin DCF ¥19.47 ¥35.81 ¥60.91 67
Economic Profit
Residual Income ¥10.08 ¥14.09 ¥109.98 76
ROIC Compounder ¥14.93 ¥20.60 ¥28.16 67
Growth Earnings
Growth-Adj P/E ¥31.14 ¥44.49 ¥57.84 68

Widest divergence: Growth Earnings (¥44.49) versus Asset-Based (¥3.12). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 2.5B CNY
Revenue growth (YoY) -5.0%
Net margin 11.3%
Return on equity 19.6%
Free cash flow 652M CNY FY2025
P/E ratio 17.3
More key figures
Operating margin -3.8%
EPS (TTM) ¥0.8600
Dividend yield 9.5%
EPS growth (YoY) +246%

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

Quality Score breakdown

Overall quality 75/100

Of which business quality 76 · Market factors (momentum, volatility) 22

Profitability 88
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 40
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

Shenzhen Bingchuan Network Co.,Ltd. operates as an online gaming company in China and internationally. It is involved in technology development, technical consulting, and sales of computer hardware and software; research, development, and operation of online games; animation design; industrial and project investment activities; venture capital; digital …

Full company description

Shenzhen Bingchuan Network Co.,Ltd. operates as an online gaming company in China and internationally. It is involved in technology development, technical consulting, and sales of computer hardware and software; research, development, and operation of online games; animation design; industrial and project investment activities; venture capital; digital cultural and creative content application service provision and software development; data processing; and big data services provision. In addition, it provides internet data services and information technology consulting services. Shenzhen Bingchuan Network Co.,Ltd. was founded in 2008 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Bingchuan Network Co reported revenue of ¥2.6B in FY2025 versus ¥507M in FY2021, a compound +49.8%/yr. Reported net income was ¥483M in FY2025.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.6B CNY
Latest YoY
−8.4%
Avg. growth/yr (3Y)
+7.7%
Avg. growth/yr (5Y)
+45.9%
Avg. growth/yr (14Y)
+19.2%
Revenue +49.8%/yr
FY21 ¥507M
FY22 ¥2.0B
FY23 ¥2.8B
FY24 ¥2.8B
FY25 ¥2.6B
Net income
FY21 −¥63.1M
FY22 ¥129M
FY23 ¥273M
FY24 −¥247M
FY25 ¥483M

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Cite: Fair Value Calculator (2026). "Shenzhen Bingchuan Network Co Fair Value". https://www.fairvalue-calculator.com/stock/300533

Peer Group

Electronic Gaming & Multimedia · 152 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 75 · Top 25%
Fair Value upside +53% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 11% · Above median
Operating margin (TTM) -4% · Below median
Revenue growth -5% · Below median
Dividend yield (TTM) 9.5% · Top 25%

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/E (TTM) 17.3× · Pricier than median
P/B 3.20× · Pricier than 75% of peers
P/S (TTM) 1.94× · Pricier than median
P/FCF 1.1× · Cheaper 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 100 · sector 17
FUTURE 0 · sector 10
PAST 79 · sector 11
HEALTH 0 · sector 99
DIVIDEND 100 · sector 41

Insider activity: 48/100

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 Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$202.60 HK$192.74 -5%
Electronic Arts Inc EA $207.27 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $237.04 $60.45 -74%
Roblox Corporation RBLX $57.07 $21.20 -63%
Zhejiang Century Huatong Group 002602 ¥14.04 ¥14.68 +5%
KRAFTON, Inc 259960 240,500 KRW 395,557 KRW +64%
Kunlun Tech Co 300418 ¥44.61 ¥6.87 -85%
Giant Network Group 002558 ¥29.98 ¥15.69 -48%
International Games System Co 3293 704.00 TWD 568.16 TWD -19%
37 Interactive Entertainment Network Technology Group 002555 ¥19.02 ¥22.29 +17%

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Frequently asked questions

Is Shenzhen Bingchuan Network Co (300533) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥23.31 versus a price of ¥15.24, about +53% (undervalued).
What is the fair value of 300533?
Our model-based fair value for Shenzhen Bingchuan Network Co is ¥23.31 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥15.24.
What is the quality score of 300533?
Shenzhen Bingchuan Network Co has a Quality Score of 75/100. 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 Shenzhen Bingchuan Network Co (300533)?
Shenzhen Bingchuan Network Co reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300533?
The net profit margin of Shenzhen Bingchuan Network Co is about 11.3%, meaning it keeps roughly 11.3% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Bingchuan Network Co pay a dividend?
Shenzhen Bingchuan Network Co currently shows a dividend yield of about 9.51% 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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