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Shanghai Baosight Software Co (600845) Fair Value & Analysis

Technology · CN · Market cap 52.2B CNY

SB Shanghai Baosight Software Co 600845 · SHG
Price¥18.26
Fair Value¥9.09
Upside-50.2%
Quality59/100
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Weak Growth
Solidly profitable · 11.2% net margin
Low debt · generates free cash flow
1.21% dividend yield
Mixed vs. peers (7/14)
Moderate moat 51/100
Evidence: Medium Range ¥6.43 – ¥11.36 Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated 2 days ago

Share price −5.9% over the past month.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.36). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥54.52 ¥16.36 Fair Value ¥9.09 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥16.36 – ¥54.52 · fair‑value band ¥6.43 – ¥11.36 · the ¥18.26 price screens above the ¥9.09 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Shanghai Baosight Software Co (600845) currently trades at ¥18.26, while our model-based Fair Value estimate is ¥9.09, implying the stock looks roughly 50.2% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Technology 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, Shanghai Baosight Software Co generated revenue of 11.1B CNY at a net margin of 11.2%. Revenue grew 4.2% year over year. It earns a return on equity of 10.2%. The balance sheet holds a net cash position of 3.7B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥6.43 (bear case) to ¥11.36 (bull case); at ¥18.26, 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 32% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -50%, 600845 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 ¥5.28 ¥8.39 ¥13.69 80
Residual Income ¥3.55 ¥4.18 ¥8.40 76
Rev-Margin DCF ¥5.83 ¥9.50 ¥14.28 74
All 24 models by family
DCF Models
FCF DCF ¥5.32 ¥8.73 ¥14.73 38
Owner Earnings ¥3.66 ¥5.66 ¥9.20 31
5Y Revenue Exit ¥5.83 ¥9.63 ¥14.86 39
5Y EBITDA Exit ¥6.85 ¥11.75 ¥17.98 41
5Y P/E Exit ¥6.86 ¥11.76 ¥17.45 38
10Y Revenue Exit ¥5.46 ¥9.03 ¥14.64 36
10Y EBITDA Exit ¥6.31 ¥10.59 ¥17.28 37
10Y P/E Exit ¥6.31 ¥10.60 ¥16.83 35
Earnings-Based
Graham-Dodd ¥3.09 ¥14.80 ¥20.37 54
Lynch FV ¥3.95 ¥5.64 ¥7.33 50
PEG = 1.0 ¥3.95 ¥5.64 ¥7.33 46
EPV ¥5.75 ¥6.49 ¥7.15 59
Multiples
P/E Multiple ¥6.82 ¥9.09 ¥11.36 63
P/S Multiple ¥5.80 ¥7.73 ¥9.66 58
P/B Multiple ¥5.80 ¥7.73 ¥9.66 55
EV/EBIT ¥8.45 ¥10.85 ¥13.25 53
EV/EBITDA ¥8.07 ¥10.34 ¥12.61 54
EV/Revenue ¥6.11 ¥8.18 ¥10.26 43
Asset-Based
NCAV (Graham) ¥1.92 ¥2.58 ¥3.85 50
Growth DCF
Growth DCF ¥5.28 ¥8.39 ¥13.69 80
Rev-Margin DCF ¥5.83 ¥9.50 ¥14.28 74
Economic Profit
Residual Income ¥3.55 ¥4.18 ¥8.40 76
ROIC Compounder ¥6.38 ¥8.25 ¥10.75 72
Growth Earnings
Growth-Adj P/E ¥6.02 ¥8.60 ¥11.18 68

Widest divergence: DCF Models (¥9.63) versus Asset-Based (¥2.58). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.1B CNY
Revenue growth (YoY) +4.2%
Net margin 11.2%
Return on equity 10.2%
Free cash flow 894M CNY FY2025
P/E ratio 41.7
More key figures
Operating margin 16.4%
EPS (TTM) ¥0.4300
Dividend yield 1.3%
EPS growth (YoY) -13.6%
Net cash 3.7B CNY FY2024

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 31

Profitability 41
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

Shanghai Baosight Software Co.,Ltd. provides industrial solutions in China. The company offers information solutions, including manufacturing execution, integrated process quality management, and energy management systems.

Full company description

Shanghai Baosight Software Co.,Ltd. provides industrial solutions in China. The company offers information solutions, including manufacturing execution, integrated process quality management, and energy management systems. It provides smart storage systems, such as crane location tracking and unmanned automatic crane systems; and electromechanical equipment comprising industrial robots, bell-type furnaces, and surface inspection devices. In addition, the company provides automation solutions consisting of whole metallurgical and cold rolling processes. Shanghai Baosight Software Co.,Ltd. was founded in 1978 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Baosight Software Co reported revenue of ¥11.0B in FY2025 versus ¥11.8B in FY2021, a compound −1.7%/yr. Reported net income was ¥1.3B in FY2025, compounding −8.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
11.0B CNY
Latest YoY
−19.6%
Avg. growth/yr (3Y)
−5.9%
Avg. growth/yr (5Y)
+1.4%
Avg. growth/yr (35Y)
+10.4%
Revenue −1.7%/yr
FY21 ¥11.8B
FY22 ¥13.1B
FY23 ¥12.9B
FY24 ¥13.6B
FY25 ¥11.0B
Net income −8.0%/yr
FY21 ¥1.8B
FY22 ¥2.2B
FY23 ¥2.6B
FY24 ¥2.3B
FY25 ¥1.3B

600845 screens 50% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Shanghai Baosight Software Co Fair Value". https://www.fairvalue-calculator.com/stock/600845

Peer Group

Software - Application · 709 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 59 · Above median
Fair Value upside −50% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 16% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 42.5× · Pricier than median
P/B 4.73× · Pricier than 75% of peers
P/S (TTM) 4.71× · Pricier than 75% of peers
P/FCF 8.7× · Cheaper than median
EV/EBITDA 30.1× · 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 0 · sector 0
FUTURE 21 · sector 38
PAST 41 · sector 13
HEALTH 98 · sector 98
DIVIDEND 24 · sector 28

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.

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Shanghai Baosight Software Co (600845) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥9.09 versus a price of ¥18.26, about −50% (overvalued).
What is the fair value of 600845?
Our model-based fair value for Shanghai Baosight Software Co is ¥9.09 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥18.26.
What is the quality score of 600845?
Shanghai Baosight Software Co has a Quality Score of 59/100. 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 Shanghai Baosight Software Co (600845)?
Shanghai Baosight Software Co reported trailing-twelve-month revenue of about 11.1B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600845?
The net profit margin of Shanghai Baosight Software Co is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.
Does Shanghai Baosight Software Co pay a dividend?
Shanghai Baosight Software Co currently shows a dividend yield of about 1.28% relative to its recent price (as of Aug 8, 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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