Far East Smarter Energy Co Ltd (600869) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Far East Smarter Energy Co Ltd stock ¥1.46, price ¥14.59, upside -90.0%, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?No
Quality 50+?Yes
In an uptrend?Yes
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range ¥2.68 – ¥37.77 · fair‑value band ¥1.23 – ¥2.18 · the ¥14.59 price screens above the ¥1.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.
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Far East Smarter Energy Co., Ltd. provides smart energy and digital city services in China and internationally.
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It is involved in the research, development, design, manufacture, market, and service of overhead conductor, power cable, wire and cable for electrical equipment, and special cable used in clean energy, smart grid, smart manufacturing, smart transportation, green building and etc.; low voltage, medium voltage, fireproof, pile cable, wind power, and other cable products; optic fiber preform; and control and ship cables.
The company offers lithium-ion batteries and power battery packs; lithium copper foil, which is used in power batteries, energy storage batteries, and small power and digital batteries, etc.; and composite copper and aluminum foils, and composite fluid collectors.
In addition, the company provides civil airport engineering services. The company was formerly known as Far East Cable Corp. Ltd. The company was founded in 1985 and is based in Yixing, China.
Stock analysis
Far East Smarter Energy Co Ltd (600869) currently trades at ¥14.59, while our model-based Fair Value estimate is ¥1.46, 90.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥5.76 per share, and 0 of the 26 models we run sit above the ¥14.59 price.
Bear case: the Asset-Based group reads lowest at ¥0.8500, and 26 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.23 (bear) to ¥2.18 (bull), the price of ¥14.59 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 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Far East Smarter Energy Co Ltd reported revenue of 28.1B CNY in FY2025 versus 20.9B CNY in FY2021, a compound +7.7%/yr. Reported net income was 58.9M CNY in FY2025, compounding −42.3%/yr from FY2021.
Key figures
Market cap 32.4B CNY (≈ $4.9B) Mid · P/E ratio 291.8 · P/S ratio 1.45 · EPS (TTM) ¥0.0500 · Dividend yield 0.1% · Net margin 0.4% · Return on equity 2.3% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 61% below its 52-week high and 118% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −90%, 600869 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.4500 to ¥9.04). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥1.23Fair Value ¥1.46Bull¥2.18
Price ¥14.59 · Upside -90.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0331 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.7%
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.
+9.0%
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.
+7.3%
Start year 2020 (pandemic). Over 10 years: +9.1% a year
Revenue growth 31 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.
+20.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.5%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−27.2% vs −14.9%, slowing
Profit margin 2020 to 2025 ⓘ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.−8% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+33.9%
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 +31.7% a year for the price.
Compare Far East Smarter Energy Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Electrical Equipment & Parts · 555 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−90.0% · Bottom 25%
Profitability
Return on equity (12 months)2.3% · Below median
Return on assets0.4% · Below median
Net margin (12 months)0.5% · Below median
Operating margin (12 months)2.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−5.4% · Bottom 25%
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)291.8× · Priciest 25%
P/B7.81× · Priciest 25%
P/S (12 months)1.45× · Cheaper than median
Price / free cash flow67.6× · Priciest 25%
EV/EBITDA45.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 65
PAST (return on equity)9· sector 26
HEALTH (low debt)93· sector 97
DIVIDEND (yield)1· sector 24
VALUE 0: the price sits above our fair-value range.
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). "Far East Smarter Energy Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600869
Frequently asked questions
Is Far East Smarter Energy Co Ltd (600869) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of ¥1.46 versus a price of ¥14.59, about −90% upside (overvalued).
What is the fair value of 600869?
Our model-based fair value for Far East Smarter Energy Co Ltd is ¥1.46 (as of Oct 29, 2026), built from audited fundamentals. The current price: ¥14.59.
What is the quality score of 600869?
Far East Smarter Energy Co Ltd has a Quality Score of 56/100. 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 Far East Smarter Energy Co Ltd (600869)?
Our model-based price target is the fair value of ¥1.46 (as of Oct 29, 2026) from 26 valuation models. Cautious scenario ¥1.23, optimistic scenario ¥2.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Far East Smarter Energy Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.46, about −90% upside versus a price of ¥14.59 (overvalued). Cautious scenario ¥1.23, optimistic scenario ¥2.18. The calculation is refreshed regularly with new filings.
What is the revenue of Far East Smarter Energy Co Ltd (600869)?
Far East Smarter Energy Co Ltd reported trailing-twelve-month revenue of about 28.1B CNY (latest available figure, as of Oct 29, 2026).
Does Far East Smarter Energy Co Ltd pay a dividend?
Far East Smarter Energy Co Ltd currently shows a dividend yield of 0.07% relative to its recent price (as of Oct 29, 2026).
What growth is priced into Far East Smarter Energy Co Ltd (600869)?
For today's price to be fair in a discounted-cash-flow model, Far East Smarter Energy Co Ltd would have to grow free cash flow by +33.9 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of 600869 use?
Our models discount Far East Smarter Energy Co Ltd at 11.0 %: a base by market capitalisation (mid), damped by beta 1.24, 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 Far East Smarter Energy Co Ltd that is +33.9 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Far East Smarter Energy Co Ltd (600869) delivered so far?
Over the past 5 years revenue at Far East Smarter Energy Co Ltd grew +7.3 % a year. The price currently implies +33.9 % 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 Far East Smarter Energy Co Ltd (600869) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Far East Smarter Energy Co Ltd (+33.9 % 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 Far East Smarter Energy Co Ltd (600869)?
The free-cash-flow yield on the price is 1.87 %: that much free cash flow Far East Smarter Energy Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Far East Smarter Energy Co Ltd (600869)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Far East Smarter Energy Co Ltd it is ¥1.46 per share (as of Oct 29, 2026), against a price of ¥14.59. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Far East Smarter Energy Co Ltd stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 600869 trades above its calculated fair value: price ¥14.59, fair value ¥1.46, a gap of about −90% (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 600869?
No. The price is what the market pays today (¥14.59); the fair value is what the company's own numbers justify (¥1.46). For Far East Smarter Energy Co Ltd the two are ¥13.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Far East Smarter Energy Co Ltd worth?
The market values Far East Smarter Energy Co Ltd at about 32.4B CNY (market capitalisation, as of Oct 29, 2026). Per share that is ¥14.59; our models calculate a fair value of ¥1.46 per share.
What do the bullish and bearish scenarios say about 600869?
Our models span a range for Far East Smarter Energy Co Ltd: cautious scenario ¥1.23, base ¥1.46, optimistic ¥2.18 per share (as of Oct 29, 2026, price ¥14.59). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600869?
Far East Smarter Energy Co Ltd trades at a price-to-earnings ratio of 291.8 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥1.46 is built from several models across several years. Other multiples: P/B 7.8, P/S 1.5, EV/EBITDA 45.9.
How solid is the balance sheet of Far East Smarter Energy Co Ltd (600869)?
Balance-sheet figures for Far East Smarter Energy Co Ltd (as of Oct 29, 2026): return on equity 2.3%, debt of 0.13 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 600869 from its 52-week high?
Far East Smarter Energy Co Ltd trades at ¥14.59, about 61% below its 52-week high of ¥37.77 and 118% above the low of ¥6.70 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.46 is for.
Which stocks are comparable to Far East Smarter Energy Co Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Far East Smarter Energy Co Ltd stock attractive at the current price?
The data as of Oct 29, 2026: price ¥14.59, calculated fair value ¥1.46 (−90%), Quality Score 56/100, from 26 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 600869 calculated?
We run Far East Smarter Energy Co Ltd through 26 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 ¥1.46, 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 13.4 % above its aggregate fair value. Far East Smarter Energy Co Ltd 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 Far East Smarter Energy Co Ltd (600869)?
The closing price on Oct 28, 2026 was ¥14.59. Our model-based fair value is ¥1.46, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Far East Smarter Energy Co Ltd right now?
The price sits above even our optimistic bull case (¥2.18). 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 (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Far East Smarter Energy Co Ltd (600869) come from?
Earnings per share at Far East Smarter Energy Co Ltd grew +3.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share +7.1 %, EBIT margin +0.9 %, tax rate +0.2 %, residual (interest, one-offs) −4.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Far East Smarter Energy Co Ltd
How large is the market capitalisation of Far East Smarter Energy Co Ltd (600869)?
The market capitalisation of Far East Smarter Energy Co Ltd is 32.4B CNY (≈ $4.9B). 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 Far East Smarter Energy Co Ltd (600869)?
The price-to-sales ratio of Far East Smarter Energy Co Ltd is 1.45 (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 Far East Smarter Energy Co Ltd (600869)?
Earnings per share at Far East Smarter Energy Co Ltd are ¥0.0500 (price ÷ EPS = P/E 291.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Far East Smarter Energy Co Ltd (600869)?
The dividend yield of Far East Smarter Energy Co Ltd is 0.1% (payout 20.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Far East Smarter Energy Co Ltd (600869)?
The net margin of Far East Smarter Energy Co Ltd is 0.4% (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 Far East Smarter Energy Co Ltd (600869)?
The return on equity (ROE) of Far East Smarter Energy Co Ltd is 2.3% (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 Far East Smarter Energy Co Ltd (600869)?
On an EBIT basis the return on assets of Far East Smarter Energy Co Ltd is 2.0% (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 Far East Smarter Energy Co Ltd (600869)?
The operating margin of Far East Smarter Energy Co Ltd is 2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Far East Smarter Energy Co Ltd (600869)?
Revenue at Far East Smarter Energy Co Ltd is growing −5.4% versus a year earlier (3y avg +9.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Far East Smarter Energy Co Ltd (600869)?
Earnings per share at Far East Smarter Energy Co Ltd are growing +18.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Far East Smarter Energy Co Ltd (600869) carry?
The net debt of Far East Smarter Energy Co Ltd is 2.7B CNY (fiscal year 2025, ≈ 4.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 29, 2026