Ningbo Kbe Electrical Technology Co (300863) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Ningbo Kbe Electrical Technology Co ¥7.76, price ¥37.93, upside -79.5%, quality 22 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥10.80 – ¥76.63 · fair‑value band ¥5.20 – ¥10.84 · the ¥37.93 price screens above the ¥7.76 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Ningbo KBE Electrical Technology Co.,Ltd. provides automotive cable products and services in China and internationally. The company offers EV, data, and aluminum cables, as well as German, Japanese, American, ISO, and Chinese standard products.
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Ningbo KBE Electrical Technology Co.,Ltd. provides automotive cable products and services in China and internationally. The company offers EV, data, and aluminum cables, as well as German, Japanese, American, ISO, and Chinese standard products. Its products include common wires, special materials, sheathed cables, shield cables, insulation low tension wires, multi-core sheath cables, and compressed cables. The company was founded in 1986 and is headquartered in Shanghai, China. Ningbo KBE Electrical Technology Co.,Ltd. is a subsidiary of Ningbo Xinxie Industrial Group Co., Ltd.
Stock analysis
Ningbo Kbe Electrical Technology Co (300863) currently trades at ¥37.93, while our model-based Fair Value estimate is ¥7.76, implying the stock looks roughly 388.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥12.70 per share, and 0 of the 14 models we run sit above the ¥37.93 price.
Bear case: the Asset-Based group reads lowest at ¥3.57, and 14 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥5.20 (bear) to ¥10.84 (bull), the price of ¥37.93 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 22/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ningbo Kbe Electrical Technology Co reported revenue of 4.0B CNY in FY2025 versus 2.3B CNY in FY2021, a compound +15.6%/yr. Reported net income was 119M CNY in FY2025, compounding +8.4%/yr from FY2021.
Key figures
Market cap 18.8B CNY (≈ $2.8B) · P/E ratio 58.4 · P/S ratio 1.72 · EPS (TTM) ¥0.6500 · Dividend yield 0.4% · Net margin 3.0% · Return on equity 10.9% · Return on assets (EBIT) 5.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −32% fair-value upside, at −80%, 300863 screens richer than that median.
Fair Value models
Bear ¥5.20Fair Value ¥7.76Bull ¥10.84
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.3778 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.2%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.0%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.0% vs 6.1%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 5%
Compare Ningbo Kbe Electrical Technology Co with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Auto Parts · 684 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside−79.5% · Bottom 25%
Profitability
Return on equity (TTM)10.9% · Above median
Return on assets2.8% · Below median
Net margin (TTM)4.0% · Above median
Operating margin (TTM)6.3% · Above median
Growth and dividend
Revenue growth14.1% · Above median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (TTM)58.4× · Priciest 25%
P/B13.46× · Priciest 25%
P/S (TTM)4.50× · Priciest 25%
EV/EBITDA67.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)71· sector 19
PAST (return on equity)44· sector 28
HEALTH (low debt)74· sector 95
DIVIDEND (yield)8· sector 37
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ningbo Kbe Electrical Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300863
Frequently asked questions
Is Ningbo Kbe Electrical Technology Co (300863) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥7.76 versus a price of ¥37.93, about −80% upside (overvalued).
What is the fair value of 300863?
Our model-based fair value for Ningbo Kbe Electrical Technology Co is ¥7.76 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥37.93.
What is the quality score of 300863?
Ningbo Kbe Electrical Technology Co has a Quality Score of 22/100. 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 price target for Ningbo Kbe Electrical Technology Co (300863)?
Our model-based price target is the fair value of ¥7.76 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario ¥5.20, optimistic scenario ¥10.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningbo Kbe Electrical Technology Co stock forecast for 2026?
Our models put fair value at ¥7.76, about −80% upside versus a price of ¥37.93 (overvalued). Cautious scenario ¥5.20, optimistic scenario ¥10.84. The calculation is refreshed regularly with new filings.
What is the revenue of Ningbo Kbe Electrical Technology Co (300863)?
Ningbo Kbe Electrical Technology Co reported trailing-twelve-month revenue of about 4.2B CNY (latest available figure, as of Sep 24, 2026).
Does Ningbo Kbe Electrical Technology Co pay a dividend?
Ningbo Kbe Electrical Technology Co currently shows a dividend yield of about 0.38% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Ningbo Kbe Electrical Technology Co (300863)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningbo Kbe Electrical Technology Co it is ¥7.76 per share (as of Sep 24, 2026), against a price of ¥37.93. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Ningbo Kbe Electrical Technology Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 300863 trades above its calculated fair value: price ¥37.93, fair value ¥7.76, a gap of about −80% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 300863?
No. The price is what the market pays today (¥37.93); the fair value is what the company's own numbers justify (¥7.76). For Ningbo Kbe Electrical Technology Co the two are ¥30.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningbo Kbe Electrical Technology Co worth?
The market values Ningbo Kbe Electrical Technology Co at about 18.8B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥37.93; our models calculate a fair value of ¥7.76 per share.
What do the bullish and bearish scenarios say about 300863?
Our models span a range for Ningbo Kbe Electrical Technology Co: cautious scenario ¥5.20, base ¥7.76, optimistic ¥10.84 per share (as of Sep 24, 2026, price ¥37.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300863?
Ningbo Kbe Electrical Technology Co trades at a price-to-earnings ratio of 58.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥7.76 is built from several models across several years. Other multiples: P/B 13.5, P/S 4.5, EV/EBITDA 67.0.
How solid is the balance sheet of Ningbo Kbe Electrical Technology Co (300863)?
Balance-sheet figures for Ningbo Kbe Electrical Technology Co (as of Sep 24, 2026): return on equity 10.9%, debt of 0.51 per unit of equity. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is 300863 from its 52-week high?
Ningbo Kbe Electrical Technology Co trades at ¥37.93, about 51% below its 52-week high of ¥76.63 and 33% above the low of ¥28.42 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of ¥7.76 is for.
Which stocks are comparable to Ningbo Kbe Electrical Technology Co?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ningbo Kbe Electrical Technology Co stock attractive at the current price?
The data as of Sep 24, 2026: price ¥37.93, calculated fair value ¥7.76 (−80%), Quality Score 22/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 300863 calculated?
We run Ningbo Kbe Electrical Technology Co through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥7.76, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.9 % above its aggregate fair value. Ningbo Kbe Electrical Technology Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ningbo Kbe Electrical Technology Co (300863)?
The closing price on Sep 28, 2026 was ¥37.93. Our model-based fair value is ¥7.76, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningbo Kbe Electrical Technology Co right now?
The price sits above even our optimistic bull case (¥10.84). The favourable scenario is already priced in. Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥5.20 to ¥10.84) leaves room in how you read the outcome.
Key figures of Ningbo Kbe Electrical Technology Co
How large is the market capitalisation of Ningbo Kbe Electrical Technology Co (300863)?
The market capitalisation of Ningbo Kbe Electrical Technology Co is 18.8B CNY (≈ $2.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ningbo Kbe Electrical Technology Co (300863)?
The price-to-sales ratio of Ningbo Kbe Electrical Technology Co is 1.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ningbo Kbe Electrical Technology Co (300863)?
Earnings per share at Ningbo Kbe Electrical Technology Co are ¥0.6500 (price ÷ EPS = P/E 58.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ningbo Kbe Electrical Technology Co (300863)?
The dividend yield of Ningbo Kbe Electrical Technology Co is 0.4% (payout 22.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ningbo Kbe Electrical Technology Co (300863)?
The net margin of Ningbo Kbe Electrical Technology Co is 3.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ningbo Kbe Electrical Technology Co (300863)?
The return on equity (ROE) of Ningbo Kbe Electrical Technology Co is 10.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ningbo Kbe Electrical Technology Co (300863)?
On an EBIT basis the return on assets of Ningbo Kbe Electrical Technology Co is 5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ningbo Kbe Electrical Technology Co (300863)?
The operating margin of Ningbo Kbe Electrical Technology Co is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningbo Kbe Electrical Technology Co (300863)?
Revenue at Ningbo Kbe Electrical Technology Co is growing +14.1% versus a year earlier (3y avg +11.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ningbo Kbe Electrical Technology Co (300863)?
Earnings per share at Ningbo Kbe Electrical Technology Co are growing +89.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ningbo Kbe Electrical Technology Co (300863) generate?
The free cash flow of Ningbo Kbe Electrical Technology Co is −721M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ningbo Kbe Electrical Technology Co (300863) carry?
The net debt of Ningbo Kbe Electrical Technology Co is 1.8B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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