EN DE

Bright Eye Hospital Group (301239) Fair Value & Analysis

Healthcare · CN · Market cap 4.9B CNY

BE Bright Eye Hospital Group 301239 · SHE
Price¥33.35
Fair Value¥27.43
Upside-17.8%
Quality52/100
Watch Bright Eye Hospital Group for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Loss-making · -0.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 30/100
Evidence: Medium Range ¥20.14 – ¥34.74 Share as image

Fair value as of: Jul 9, 2026

From 14 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥43.56 to ¥27.43 (−37.0%) since Jun 24, 2026. Share price +12.1% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥20.14 (bear) to ¥34.74 (bull), base ¥27.43. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (4 years)

¥136.98 ¥28.83 Fair Value ¥27.43 Jul 2022 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

49‑month range ¥28.83 – ¥136.98 · fair‑value band ¥20.14 – ¥34.74 · the ¥33.35 price screens above the ¥27.43 fair value. Dashed = 300-day average. As of Jul 9, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Bright Eye Hospital Group (301239) currently trades at ¥33.35, while our model-based Fair Value estimate is ¥27.43, implying the stock looks roughly 17.8% overvalued today. The Quality Score stands at 52/100 (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, Bright Eye Hospital Group generated revenue of 2.9B CNY at a net margin of -0.6%. Revenue grew 10.5% year over year. It earns a return on equity of -0.4%. Net debt stands at 144M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥20.14 (bear case) to ¥34.74 (bull case); at ¥33.35, 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 31% below its 52-week high and 9% 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 -18%, 301239 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 ¥25.00 ¥41.92 ¥68.67 80
Rev-Margin DCF ¥13.92 ¥21.34 ¥30.81 74
ROIC Compounder ¥6.53 ¥7.61 ¥8.54 72
All 14 models by family
DCF Models
FCF DCF ¥25.15 ¥43.54 ¥73.63 38
Owner Earnings ¥3.35 ¥6.00 ¥10.33 31
5Y Revenue Exit ¥13.92 ¥21.19 ¥30.47 39
5Y EBITDA Exit ¥28.49 ¥50.72 ¥78.27 41
10Y Revenue Exit ¥17.38 ¥25.40 ¥36.60 36
10Y EBITDA Exit ¥27.04 ¥46.35 ¥75.08 37
Earnings-Based
EPV ¥6.53 ¥7.61 ¥8.54 59
Multiples
EV/EBIT ¥11.84 ¥15.89 ¥19.94 53
EV/EBITDA ¥33.07 ¥44.21 ¥55.34 54
EV/Revenue ¥8.36 ¥12.07 ¥15.79 43
Asset-Based
NCAV (Graham) ¥6.82 ¥9.14 ¥13.65 50
Growth DCF
Growth DCF ¥25.00 ¥41.92 ¥68.67 80
Rev-Margin DCF ¥13.92 ¥21.34 ¥30.81 74
Economic Profit
ROIC Compounder ¥6.53 ¥7.61 ¥8.54 72

Widest divergence: DCF Models (¥25.40) versus Earnings-Based (¥7.61). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.9B CNY
Revenue growth (YoY) +10.5%
Net margin -0.6%
Return on equity -0.4%
Free cash flow 318M CNY FY2025
Operating margin 14.3%
More key figures
EPS (TTM) ¥-0.1200
EPS growth (YoY) +161%
Net debt 144M CNY FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 38

Profitability 21
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
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

Bright Eye Hospital Group Co., Ltd., a specialized chain medical institution company, engages in the provision of ophthalmic general medical services in China.

Full company description

Bright Eye Hospital Group Co., Ltd., a specialized chain medical institution company, engages in the provision of ophthalmic general medical services in China. Its ophthalmology institutions provide diagnosis, treatment, health care, medical optometry, glasses, and other general ophthalmic medical services for patients with ophthalmic diseases in the areas of refractive surgery, cataract, ophthalmology, fundus disease, glaucoma, strabismus and pediatric ophthalmology, tear duct, cornea disease, orbital disease, ocular trauma, medical optometry, and other general ophthalmology diagnosis and treatment items. The company was formerly known as Chengdu Bright Eye Hospital Group Co., Ltd. and changed its name to Bright Eye Hospital Group Co., Ltd. in June 2025. The company was founded in 2005 and is headquartered in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bright Eye Hospital Group reported revenue of ¥2.8B in FY2025 versus ¥1.7B in FY2021, a compound +13.1%/yr. Reported net income was −¥60.9M in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.8B CNY
Latest YoY
+4.4%
Avg. growth/yr (3Y)
+17.5%
Avg. growth/yr (5Y)
+15.5%
Avg. growth/yr (6Y)
+15.3%
Revenue +13.1%/yr
FY21 ¥1.7B
FY22 ¥1.7B
FY23 ¥2.7B
FY24 ¥2.7B
FY25 ¥2.8B
Net income
FY21 ¥93.9M
FY22 ¥20.6M
FY23 ¥268M
FY24 −¥102M
FY25 −¥60.9M

301239 screens 18% overvalued. Compare with HCA Healthcare, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Bright Eye Hospital Group Fair Value". https://www.fairvalue-calculator.com/stock/301239

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 52 · Below median
Fair Value upside −18% · Below median
Return on assets 2% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 14% · Above median
Revenue growth 11% · Above median
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper than 75% of peers
P/FCF 2.3× · Cheaper than median
EV/EBITDA 2.4× · Cheaper 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 10 · sector 22
FUTURE 53 · sector 24
PAST 0 · sector 30
HEALTH 91 · sector 90
DIVIDEND 0 · sector 38

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 9, 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 2.58 SGD 1.44 SGD -44%
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%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

Compare Bright Eye Hospital Group with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Bright Eye Hospital Group (301239) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥27.43 versus a price of ¥33.35, about −18% (overvalued).
What is the fair value of 301239?
Our model-based fair value for Bright Eye Hospital Group is ¥27.43 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥33.35.
What is the quality score of 301239?
Bright Eye Hospital Group has a Quality Score of 52/100. 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 Bright Eye Hospital Group (301239)?
Bright Eye Hospital Group reported trailing-twelve-month revenue of about 2.9B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301239?
The net profit margin of Bright Eye Hospital Group is about -0.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Bright Eye Hospital Group and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.