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Beijing Capital Eco-Environment Protection Group (600008) Fair Value & Analysis

Industrials · CN · Market cap 21.1B CNY

BC Beijing Capital Eco-Environment Protection Group 600008 · SHG
Price¥2.84
Fair Value¥2.26
Upside-20.6%
Quality49/100
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Weak Growth
Thin margins · 9.6% net margin
Moderate debt · generates free cash flow
4.10% dividend yield
Mixed vs. peers (7/15)
Moderate moat 50/100
Evidence: Medium Range ¥1.69 – ¥2.82 Share as image

Fair value as of: Aug 6, 2026

From 13 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from ¥4.10 to ¥2.26 (−45.0%) since Jul 25, 2026. Share price +1.8% over the past month.

Below-average quality, and screening another 21% overvalued on our models.

What matters now

  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥1.69 (bear) to ¥2.82 (bull), base ¥2.26. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥4.04 ¥2.48 Fair Value ¥2.26 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range ¥2.48 – ¥4.04 · fair‑value band ¥1.69 – ¥2.82 · the ¥2.84 price screens above the ¥2.26 fair value. Dashed = 300-day average. As of Aug 6, 2026.

Full chart & analysis →

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Analysis

Beijing Capital Eco-Environment Protection Group (600008) currently trades at ¥2.84, while our model-based Fair Value estimate is ¥2.26, implying the stock looks roughly 20.6% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials 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, Beijing Capital Eco-Environment Protection Group generated revenue of 18.8B CNY at a net margin of 9.6%. Revenue declined 1.1% year over year. It earns a return on equity of 5.9%. Net debt stands at 34.8B CNY. Fundamentals as of Aug 6, 2026

Our scenario range runs from ¥1.69 (bear case) to ¥2.82 (bull case); at ¥2.84, 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 16% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -21%, 600008 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 ¥3.01 80
Residual Income ¥3.32 ¥3.44 ¥3.47 76
Rev-Margin DCF ¥3.45 ¥9.21 74
All 13 models by family
DCF Models
Owner Earnings ¥2.98 ¥10.68 31
5Y P/E Exit ¥1.31 ¥4.97 38
10Y P/E Exit ¥0.8000 ¥5.19 35
Earnings-Based
Graham-Dodd ¥1.64 ¥10.16 ¥14.18 54
Lynch FV ¥2.92 ¥4.17 ¥5.42 50
Dividend Discount
Gordon GGM ¥3.82 ¥7.94 ¥12.60 70
DDM Multi-Stage ¥3.82 ¥6.69 ¥8.33 61
Multiples
P/E Multiple ¥3.26 ¥4.34 ¥5.43 63
P/B Multiple ¥3.08 ¥4.10 ¥5.13 55
Asset-Based
NCAV (Graham) ¥2.09 ¥2.81 ¥4.19 50
Growth DCF
Growth DCF ¥3.01 80
Rev-Margin DCF ¥3.45 ¥9.21 74
Economic Profit
Residual Income ¥3.32 ¥3.44 ¥3.47 76

Widest divergence: Dividend Discount (¥6.69) versus DCF Models (¥1.31). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 18.8B CNY
Revenue growth (YoY) -1.1%
Net margin 9.6%
Return on equity 5.9%
Free cash flow 1.0B CNY FY2025
P/E ratio 12.0
More key figures
Operating margin 26.3%
EPS (TTM) ¥0.2400
Dividend yield 4.1%
EPS growth (YoY) +7.5%
Net debt 34.8B CNY FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 45 · Market factors (momentum, volatility) 47

Profitability 24
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 22
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

Beijing Capital Eco-Environment Protection Group Co., Ltd. engages in the environmental protection business in China and internationally.

Full company description

Beijing Capital Eco-Environment Protection Group Co., Ltd. engages in the environmental protection business in China and internationally. The company provides urban and rural water supply, sewage treatment and reclaimed water, integrated water supply and drainage, pipe network construction, and operation and maintenance, sludge treatment, and disposal and other urban water integration solutions; sanitation, solid waste treatment and disposal, and environmental restoration services; and atmospheric environment comprehensive services. It also offers a range of water treatment system services in the fields of metallurgy, iron and steel, petrochemicals, etc.; and VOCs treatment, ultra-low emission treatment, and other industrial flue gas treatment services for industrial enterprises. The company was formerly known as Beijing Capital Co., Ltd. Beijing Capital Eco-Environment Protection Group Co., Ltd. was incorporated in 1999 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Capital Eco-Environment Protection Group reported revenue of ¥18.9B in FY2025 versus ¥22.8B in FY2021, a compound −4.6%/yr. Reported net income was ¥1.8B in FY2025, compounding −6.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
18.9B CNY
Latest YoY
−5.8%
Avg. growth/yr (3Y)
−5.2%
Avg. growth/yr (5Y)
−0.4%
Avg. growth/yr (28Y)
+18.4%
Revenue −4.6%/yr
FY21 ¥22.8B
FY22 ¥22.2B
FY23 ¥21.3B
FY24 ¥20.0B
FY25 ¥18.9B
Net income −6.7%/yr
FY21 ¥2.3B
FY22 ¥3.2B
FY23 ¥1.6B
FY24 ¥3.5B
FY25 ¥1.8B

600008 screens 21% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Beijing Capital Eco-Environment Protection Group Fair Value". https://www.fairvalue-calculator.com/stock/600008

Peer Group

Conglomerates · 370 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 49 · Below median
Fair Value upside −21% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 26% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 4.1% · Top 25%
Debt / equity 1.24× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than median
P/B 0.69× · Cheaper than median
P/S (TTM) 1.12× · Pricier than median
P/FCF 3.1× · Pricier than median
EV/EBITDA 7.8× · Pricier than median
PEG 6.59× · 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 6 · sector 21
FUTURE 0 · sector 16
PAST 24 · sector 20
HEALTH 38 · sector 88
DIVIDEND 82 · sector 39

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
CITIC Limited 0267 HK$11.28 HK$22.56 +100%
SK Inc 034730 580,000 KRW 497,919 KRW -14%
PT Astra International Tbk, ASII 4,810 IDR 9,620 IDR +100%
The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%
Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is Beijing Capital Eco-Environment Protection Group (600008) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of ¥2.26 versus a price of ¥2.84, about −21% (overvalued).
What is the fair value of 600008?
Our model-based fair value for Beijing Capital Eco-Environment Protection Group is ¥2.26 (as of Aug 6, 2026), built from audited fundamentals. The current price is ¥2.84.
What is the quality score of 600008?
Beijing Capital Eco-Environment Protection Group has a Quality Score of 49/100. 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 Capital Eco-Environment Protection Group (600008)?
Beijing Capital Eco-Environment Protection Group reported trailing-twelve-month revenue of about 18.8B CNY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 600008?
The net profit margin of Beijing Capital Eco-Environment Protection Group is about 9.6%, meaning it keeps roughly 9.6% of revenue as net income. Based on the latest reported figures.
Does Beijing Capital Eco-Environment Protection Group pay a dividend?
Beijing Capital Eco-Environment Protection Group currently shows a dividend yield of about 4.10% relative to its recent price (as of Aug 6, 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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