Baosheng (600973) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Baosheng ¥5.28, price ¥5.91, upside -10.7%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥3.17 – ¥9.10 · fair‑value band ¥5.28 – ¥7.11 · the ¥5.91 price screens above the ¥5.28 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Baosheng Science and Technology Innovation Co.,Ltd. engages in the research, development, production, sales, and service of wires, cables, and cable accessories in China, Hong Kong, Macao, and Taiwan. The company offers power cables, electrical equipment cables, communication cables, and optical fibers.
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Baosheng Science and Technology Innovation Co.,Ltd. engages in the research, development, production, sales, and service of wires, cables, and cable accessories in China, Hong Kong, Macao, and Taiwan. The company offers power cables, electrical equipment cables, communication cables, and optical fibers. It also provides aerospace; marine and marine engineering; submarine; power transmission and distribution line; rail vehicle; automotive; petrochemical and metallurgical applications; building; and mobile cables, as well as new energy wires and cables; cable system; and other products. The company's products are used in electric power, rail transportation, energy, construction and marine engineering, communications, petroleum, chemical, and automobile sectors, as well as ships and aerospace industries. It exports its products in Southeast Asia, the Middle East, Europe, Australia, and South America. Baosheng Science and Technology Innovation Co.,Ltd. was founded in 1985 and is based in Yangzhou, China.
Stock analysis
Baosheng (600973) currently trades at ¥5.91, while our model-based Fair Value estimate is ¥5.28, implying the stock looks roughly 11.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥10.40 per share, and 10 of the 16 models we run sit above the ¥5.91 price.
Bear case: the Asset-Based group reads lowest at ¥1.79, and 6 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥5.28 (bear) to ¥7.11 (bull), the price of ¥5.91 sits inside 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 50/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Baosheng reported revenue of 47.9B CNY in FY2025 versus 43.0B CNY in FY2021, a compound +2.8%/yr. Reported net income was −43.9M CNY in FY2025.
Key figures
Market cap 8.1B CNY (≈ $1.2B) · P/S ratio 0.18 · EPS (TTM) ¥−0.0100 · Dividend yield 3.9% · Net margin −0.1% · Return on equity −0.1% · Return on assets (EBIT) −0.5% · Operating margin 1.2%.
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 35% below its 52-week high and 17% 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 −11%, 600973 screens cheaper than that median.
Fair Value models
Bear ¥5.28Fair Value ¥5.28Bull ¥7.11
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.
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.45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.4%
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.
+4.9%
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.
+6.9%
Start year 2020 (pandemic). Over 10 years: +13.9% a year
Revenue growth 24 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.
+22.0%
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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.
1.0% (2020) → 1.0% (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).
+12.6%
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 +10.7% a year for the price.
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 · 550 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−12% · Above median
Profitability
Return on assets1% · Below median
Net margin (TTM)0% · Bottom 25%
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth37% · Top 25%
Dividend yield (TTM)3.9% · Top 25%
Balance sheet
Debt / equity0.66× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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). "Baosheng Fair Value". https://www.fairvalue-calculator.com/stock/600973
Frequently asked questions
Is Baosheng (600973) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥5.28 versus a price of ¥5.91, about −11% upside (overvalued).
What is the fair value of 600973?
Our model-based fair value for Baosheng is ¥5.28 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥5.91.
What is the quality score of 600973?
Baosheng has a Quality Score of 50/100. 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 Baosheng (600973)?
Our model-based price target is the fair value of ¥5.28 (as of Sep 23, 2026) from 16 valuation models. Cautious scenario ¥5.28, optimistic scenario ¥7.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Baosheng stock forecast for 2026?
Our models put fair value at ¥5.28, about −11% upside versus a price of ¥5.91 (overvalued). Cautious scenario ¥5.28, optimistic scenario ¥7.11. The calculation is refreshed regularly with new filings.
What is the revenue of Baosheng (600973)?
Baosheng reported trailing-twelve-month revenue of about 48.0B CNY (latest available figure, as of Sep 23, 2026).
Does Baosheng pay a dividend?
Baosheng currently shows a dividend yield of about 3.90% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Baosheng (600973)?
For today's price to be fair in a discounted-cash-flow model, Baosheng would have to grow free cash flow by +12.6 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.9 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 600973 use?
Our models discount Baosheng at 9.1 %: a base by market capitalisation (mid), damped by beta 0.17, 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 Baosheng that is +12.6 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Baosheng (600973) delivered so far?
Over the past 5 years revenue at Baosheng grew +6.9 % a year. The price currently implies +12.6 % 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 Baosheng (600973) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Baosheng (+12.6 % 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 Baosheng (600973)?
The free-cash-flow yield on the price is 7.07 %: that much free cash flow Baosheng produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Baosheng (600973)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Baosheng it is ¥5.28 per share (as of Sep 23, 2026), against a price of ¥5.91. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Baosheng stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 600973 trades above its calculated fair value: price ¥5.91, fair value ¥5.28, a gap of about −11% (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 600973?
No. The price is what the market pays today (¥5.91); the fair value is what the company's own numbers justify (¥5.28). For Baosheng the two are ¥0.6300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Baosheng worth?
The market values Baosheng at about 8.1B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥5.91; our models calculate a fair value of ¥5.28 per share.
What do the bullish and bearish scenarios say about 600973?
Our models span a range for Baosheng: cautious scenario ¥5.28, base ¥5.28, optimistic ¥7.11 per share (as of Sep 23, 2026, price ¥5.91). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Baosheng (600973)?
Balance-sheet figures for Baosheng (as of Sep 23, 2026): return on equity −0.1%, debt of 0.66 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 600973 from its 52-week high?
Baosheng trades at ¥5.91, about 35% below its 52-week high of ¥9.10 and 17% above the low of ¥5.04 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.28 is for.
Which stocks are comparable to Baosheng?
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 Baosheng stock attractive at the current price?
The data as of Sep 23, 2026: price ¥5.91, calculated fair value ¥5.28 (−11%), Quality Score 50/100, from 16 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 600973 calculated?
We run Baosheng through 16 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 ¥5.28, 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 14.1 % above its aggregate fair value. Baosheng 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 Baosheng (600973)?
The closing price on Sep 23, 2026 was ¥5.91. Our model-based fair value is ¥5.28, about −11% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Baosheng right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Baosheng
How large is the market capitalisation of Baosheng (600973)?
The market capitalisation of Baosheng is 8.1B CNY (≈ $1.2B). 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 Baosheng (600973)?
The price-to-sales ratio of Baosheng is 0.18 (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 Baosheng (600973)?
Earnings per share at Baosheng are ¥−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Baosheng (600973)?
The dividend yield of Baosheng is 3.9%. 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 Baosheng (600973)?
The net margin of Baosheng is −0.1% (fiscal year 2025). 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 Baosheng (600973)?
The return on equity (ROE) of Baosheng is −0.1% (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 Baosheng (600973)?
On an EBIT basis the return on assets of Baosheng is −0.5% (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 Baosheng (600973)?
The operating margin of Baosheng is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Baosheng (600973)?
Revenue at Baosheng is growing −5.6% versus a year earlier (3y avg +4.9%). 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 Baosheng (600973)?
Earnings per share at Baosheng are growing +13.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Baosheng (600973) carry?
The net debt of Baosheng is 10.2B CNY (fiscal year 2025, ≈ 17.8 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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