Tianjin Benefo Tejing Electric Co (600468) Fair Value & Analysis

Industrials · CN · Market cap 6.8B CNY

A solid business, but screening 54% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥3.42). The favourable scenario is already priced in.
• Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥3.48 – ¥9.97 · fair‑value band ¥2.32 – ¥3.42 · the ¥6.24 price screens above the ¥2.88 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Tianjin Benefo Tejing Electric Co (600468) currently trades at ¥6.24, while our model-based Fair Value estimate is ¥2.88, implying the stock looks roughly 53.9% overvalued today. The Quality Score stands at 63/100 (solid 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, Tianjin Benefo Tejing Electric Co generated revenue of 2.3B CNY at a net margin of 3.6%. Revenue grew 14.5% year over year. It earns a return on equity of 3.9%. The balance sheet holds a net cash position of 411M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥2.32 (bear case) to ¥3.42 (bull case); at ¥6.24, 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 40% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -54%, 600468 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.

Widest divergence: DCF Models (¥2.93) versus Dividend Discount (¥0.3900). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Tianjin Benefo Tejing Electric Co., Ltd. operates in the power equipment industry in China and internationally. The company offers electric control distribution accessories and molds, such as terminal blocks, switch, heavy duty connectors, isolators, transmitter, switching power supply, and relay; electromagnetic wire, copper busbar, and coil; and low …

Full company description

Tianjin Benefo Tejing Electric Co., Ltd. operates in the power equipment industry in China and internationally. The company offers electric control distribution accessories and molds, such as terminal blocks, switch, heavy duty connectors, isolators, transmitter, switching power supply, and relay; electromagnetic wire, copper busbar, and coil; and low voltage electrical products, including molded case, miniature, and intelligent universal circuit breaker, as well as automatic transfer switch. It also provides solid insulation vacuum circuit breaker, outdoor ring main unit, intelligent center cabinet, gas-filled cabinet, intelligent low voltage switchgear, and prefabricated substation; and medium voltage epoxy resin vacuum casting transformer; indoor metal armored withdrawable, indoor metal armored removable, and low voltage withdrawable switchgear, as well as high voltage vacuum and high voltage sulfur hexafluoride circuit breaker. In addition, the company offers high temperature superconducting wire, low-leakage high-temperature superconducting current lead, high temperature superconducting coils and magnets, and high-temperature superconducting demonstration and experimental equipment; three screw, twin screw, single screw, centrifugal, gear, and jet pumps; and reactive power compensation equipment comprising high voltage and low voltage static var generator, flexible DC transmission and distribution device, low voltage energy storage converter, three-phase imbalance intelligent management device, low voltage active filter, series capacitor compensation device, and dynamic VAR compensation device. Further, it provides high temperature superconductor, pump, electrical connection parts supporting, and intelligent power distribution integration solutions. The company was incorporated in 1999 and is based in Tianjin, China. Tianjin Benefo Tejing Electric Co., Ltd. is a subsidiary of Tianjin Hydraulic & Machine (Group) Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianjin Benefo Tejing Electric Co reported revenue of ¥2.2B in FY2025 versus ¥2.3B in FY2021, a compound −1.3%/yr. Reported net income was ¥89.1M in FY2025, compounding −4.0%/yr from FY2021.

600468 screens 54% overvalued. Compare with Contemporary Amperex Technology Co →

Peer Group

Electrical Equipment & Parts · 528 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.

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

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

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.