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Bright Oceans Inter Telecom Corp (600289) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Bright Oceans Inter Telecom Corp ¥2.70, price ¥4.32, upside -37.5%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Technology · CN · ISIN CNE000001220

BO Thin data Sep 24, 2026

Bright Oceans Inter Telecom Corp

600289 · SHG

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value ¥2.70 · Strongly overvalued (−38%)
!Quality 54/100
!Weak Growth (revenue 5y −11.2 %/yr)
!Loss-making · -67.2% net margin (TTM)
✓generates free cash flow
!Mixed vs. peers (4/10)
!Narrow moat 16/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥9.18 ¥1.09 Fair Value ¥2.70 Apr 2021 Sep 2026

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 ¥1.09 – ¥9.18 · fair‑value band ¥2.33 – ¥3.33 · the ¥4.32 price screens above the ¥2.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Bright Oceans Inter-Telecom Corporation engages in the computer and communications business in China. It operates through three segments: Computer and Communications Business, Intelligent Transportation Business, and E-Commerce Business.

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Bright Oceans Inter-Telecom Corporation engages in the computer and communications business in China. It operates through three segments: Computer and Communications Business, Intelligent Transportation Business, and E-Commerce Business. The company is involved in the research and development, production, sale, and service of communication technology, network technology, and hardware products; development, production, sale, and system integration of computer software and hardware technologies; and consulting, design, construction, management, operation, and maintenance of highway electromechanical systems and urban intelligent transportation systems. It also provides software and hardware solutions for operation control system, business management support system, visual decision-making process scheduling system, etc.; and digital solutions and integration services. The company serves telecommunications, energy, government, finance, and rail transit industries. Bright Oceans Inter-Telecom Corporation was founded in 1995 and is headquartered in Harbin, China.

Stock analysis

Bright Oceans Inter Telecom Corp (600289) currently trades at ¥4.32, while our model-based Fair Value estimate is ¥2.70, implying the stock looks roughly 60.0% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ¥2.90 per share, and 0 of the 7 models we run sit above the ¥4.32 price.

Bear case: the Asset-Based group reads lowest at ¥1.01, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥2.33 (bear) to ¥3.33 (bull), the price of ¥4.32 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 54/100 (solid quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Bright Oceans Inter Telecom Corp reported revenue of 311M CNY in FY2025 versus 393M CNY in FY2021, a compound −5.7%/yr. Reported net income was −468M CNY in FY2025.

Key figures

Market cap 2.7B CNY (≈ $407M) · P/S ratio 3.82 · EPS (TTM) ¥−0.7700 · Net margin −67.2% · Return on equity −46.2% · Return on assets (EBIT) −23.1% · Operating margin −9.2% · Revenue (TTM) 728M CNY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 51% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −38%, 600289 screens richer than that median.

Fair Value models

Bear ¥2.33 Fair Value ¥2.70 Bull ¥3.33
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. 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. 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.
Highest evidence
FCF DCF ¥2.23 ¥2.57 ¥3.15 78
Growth DCF ¥2.27 ¥2.59 ¥3.10 75
5Y Revenue Exit ¥2.24 ¥2.75 ¥3.49 69
All 7 models by family
DCF Models
FCF DCF ¥2.23 ¥2.57 ¥3.15 78
5Y Revenue Exit ¥2.24 ¥2.75 ¥3.49 69
10Y Revenue Exit ¥2.20 ¥2.55 ¥2.93 64
Multiples
EV/Revenue ¥2.36 ¥2.90 ¥3.44 52
Asset-Based
NCAV (Graham) ¥0.7500 ¥1.01 ¥1.50 51
Growth DCF
Growth DCF ¥2.27 ¥2.59 ¥3.10 75
Rev-Margin DCF ¥2.24 ¥2.78 ¥3.44 69

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Quality Score breakdown

Overall quality 54/100

Of which business quality 56 · Market factors (momentum, volatility) 25

Profitability 2
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 23/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.0%
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.
+5.9%
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.
−11.2%
Start year 2020 (pandemic). Over 10 years: −12.6% a year
Revenue growth 28 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.
+6.2%
Profit margin (trend) ⓘ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.
−56.8% (2020) → −58.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +11.1% a year for the price.

600289 screens 60% overvalued. Compare with SAP SE →

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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.Software - Application · 720 stocks

Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 54 · Below median
Fair Value upside −37% · Below median
Profitability
Return on assets −8% · Bottom 25%
Net margin (TTM) −67% · Bottom 25%
Operating margin (TTM) −9% · Bottom 25%
Growth and dividend
Revenue growth 10% · Above median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 0.43× · Cheapest 25%
P/S (TTM) 0.56× · Cheapest 25%
P/FCF 4.6× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)50 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 30

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €182.32 €159.06 −13%
Shopify Inc SHOP $147.74 $64.36 −56%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $137.00 $150.70 +10%
Cadence Design Systems, Inc CDNS $302.95 $225.14 −26%
Snowflake Inc SNOW $336.59 $75.08 −78%
Datadog, Inc DDOG $247.48 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $269.64 $177.51 −34%

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Bright Oceans Inter Telecom Corp · Fair Value
¥2.70 −60%Fair Value
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Cite: Fair Value Calculator (2026). "Bright Oceans Inter Telecom Corp Fair Value". https://www.fairvalue-calculator.com/stock/600289

Frequently asked questions

Is Bright Oceans Inter Telecom Corp (600289) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥2.70 versus a price of ¥4.32, about −38% upside (overvalued).
What is the fair value of 600289?
Our model-based fair value for Bright Oceans Inter Telecom Corp is ¥2.70 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥4.32.
What is the quality score of 600289?
Bright Oceans Inter Telecom Corp has a Quality Score of 54/100. 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 Bright Oceans Inter Telecom Corp (600289)?
Our model-based price target is the fair value of ¥2.70 (as of Sep 24, 2026) from 7 valuation models. Cautious scenario ¥2.33, optimistic scenario ¥3.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Bright Oceans Inter Telecom Corp stock forecast for 2026?
Our models put fair value at ¥2.70, about −38% upside versus a price of ¥4.32 (overvalued). Cautious scenario ¥2.33, optimistic scenario ¥3.33. The calculation is refreshed regularly with new filings.
What is the revenue of Bright Oceans Inter Telecom Corp (600289)?
Bright Oceans Inter Telecom Corp reported trailing-twelve-month revenue of about 728M CNY (latest available figure, as of Sep 24, 2026).
What growth is priced into Bright Oceans Inter Telecom Corp (600289)?
For today's price to be fair in a discounted-cash-flow model, Bright Oceans Inter Telecom Corp would have to grow free cash flow by +12.9 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 600289 use?
Our models discount Bright Oceans Inter Telecom Corp at 10.4 %: a base by market capitalisation (small), damped by beta 0.39, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bright Oceans Inter Telecom Corp that is +12.9 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Bright Oceans Inter Telecom Corp (600289) delivered so far?
Over the past 5 years revenue at Bright Oceans Inter Telecom Corp grew -11.2 % a year. The price currently implies +12.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bright Oceans Inter Telecom Corp (600289) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Bright Oceans Inter Telecom Corp (+12.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bright Oceans Inter Telecom Corp (600289)?
The free-cash-flow yield on the price is 3.22 %: that much free cash flow Bright Oceans Inter Telecom Corp produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bright Oceans Inter Telecom Corp (600289)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bright Oceans Inter Telecom Corp it is ¥2.70 per share (as of Sep 24, 2026), against a price of ¥4.32. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Bright Oceans Inter Telecom Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600289 trades above its calculated fair value: price ¥4.32, fair value ¥2.70, a gap of about −38% (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 600289?
No. The price is what the market pays today (¥4.32); the fair value is what the company's own numbers justify (¥2.70). For Bright Oceans Inter Telecom Corp the two are ¥1.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bright Oceans Inter Telecom Corp worth?
The market values Bright Oceans Inter Telecom Corp at about 2.7B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥4.32; our models calculate a fair value of ¥2.70 per share.
What do the bullish and bearish scenarios say about 600289?
Our models span a range for Bright Oceans Inter Telecom Corp: cautious scenario ¥2.33, base ¥2.70, optimistic ¥3.33 per share (as of Sep 24, 2026, price ¥4.32). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bright Oceans Inter Telecom Corp (600289)?
Balance-sheet figures for Bright Oceans Inter Telecom Corp (as of Sep 24, 2026): return on equity −46.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 600289 from its 52-week high?
Bright Oceans Inter Telecom Corp trades at ¥4.32, about 51% below its 52-week high of ¥8.79 and 9% above the low of ¥3.95 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.70 is for.
Which stocks are comparable to Bright Oceans Inter Telecom Corp?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, 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 Bright Oceans Inter Telecom Corp stock attractive at the current price?
The data as of Sep 24, 2026: price ¥4.32, calculated fair value ¥2.70 (−38%), Quality Score 54/100, from 7 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 600289 calculated?
We run Bright Oceans Inter Telecom Corp through 7 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 ¥2.70, 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 13.2 % above its aggregate fair value. Bright Oceans Inter Telecom Corp 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 Bright Oceans Inter Telecom Corp (600289)?
The closing price on Sep 24, 2026 was ¥4.32. Our model-based fair value is ¥2.70, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bright Oceans Inter Telecom Corp right now?
The price sits above even our optimistic bull case (¥3.33). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Bright Oceans Inter Telecom Corp

How large is the market capitalisation of Bright Oceans Inter Telecom Corp (600289)?
The market capitalisation of Bright Oceans Inter Telecom Corp is 2.7B CNY (≈ $407M). 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 Bright Oceans Inter Telecom Corp (600289)?
The price-to-sales ratio of Bright Oceans Inter Telecom Corp is 3.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bright Oceans Inter Telecom Corp (600289)?
Earnings per share at Bright Oceans Inter Telecom Corp are ¥−0.7700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bright Oceans Inter Telecom Corp (600289)?
The net margin of Bright Oceans Inter Telecom Corp is −67.2% (last twelve months). 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 Bright Oceans Inter Telecom Corp (600289)?
The return on equity (ROE) of Bright Oceans Inter Telecom Corp is −46.2% (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 Bright Oceans Inter Telecom Corp (600289)?
On an EBIT basis the return on assets of Bright Oceans Inter Telecom Corp is −23.1% (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 Bright Oceans Inter Telecom Corp (600289)?
The operating margin of Bright Oceans Inter Telecom Corp is −9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bright Oceans Inter Telecom Corp (600289)?
Revenue at Bright Oceans Inter Telecom Corp is growing +10.0% versus a year earlier (3y avg +5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Bright Oceans Inter Telecom Corp (600289) hold?
Bright Oceans Inter Telecom Corp holds more cash than debt, 826M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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