Beken Corporation (603068) Fair Value & Analysis
Technology · CN · Market cap 6.2B CNY
Fair value as of: Aug 13, 2026
From 23 valuation models · updated today
Fair value updated Aug 13, 2026, revised from ¥2.93 to ¥4.10 (+39.9%) since Aug 10, 2026. Share price +3.2% over the past month.
A solid business, but screening 90% overvalued on our models.
What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥5.13). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥16.15 – ¥91.98 · fair‑value band ¥3.08 – ¥5.13 · the ¥40.50 price screens above the ¥4.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Beken Corporation (603068) currently trades at ¥40.50, while our model-based Fair Value estimate is ¥4.10, implying the stock looks roughly 89.9% overvalued today. The Quality Score stands at 71/100 (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: high).
Over the trailing twelve months, Beken Corporation generated revenue of 1.1B CNY at a net margin of 2.1%. Revenue grew 87.8% year over year. It earns a return on equity of 1.1%. The balance sheet holds a net cash position of 834M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥3.08 (bear case) to ¥5.13 (bull case); at ¥40.50, 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 21% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -90%, 603068 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.
All 23 models by family
Widest divergence: Growth DCF (¥15.84) versus Dividend Discount (¥0.1900). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 52
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
Beken Corporation engages in the manufacture and sale of wireless communication products in China and internationally. The company offers wireless data transmission products, including Wi-Fi and bluetooth data transmission, proprietary wireless data, and national standard electronic toll collection; wireless audio products comprising Wi-Fi audio and video, …
Full company description
Beken Corporation engages in the manufacture and sale of wireless communication products in China and internationally. The company offers wireless data transmission products, including Wi-Fi and bluetooth data transmission, proprietary wireless data, and national standard electronic toll collection; wireless audio products comprising Wi-Fi audio and video, bluetooth audio, walkie-talkie, digital microphone, and broadcast/FM; and wireless video and satellite navigation products. It serves the Internet of Things, Internet of Vehicles, smart speakers, smart storytellers, Bluetooth speakers and earphones, wireless keyboards and mouse, drones, digital microphones, and walkie-talkie applications. The company was founded in 2004 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Beken Corporation reported revenue of ¥918M in FY2025 versus ¥1.1B in FY2021, a compound −4.3%/yr. Reported net income was ¥22.2M in FY2025, compounding −21.5%/yr from FY2021.
603068 screens 90% overvalued. Compare with Delta Electronics, Inc →
Peer Group
Electronic Components · 647 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 Electronic Components 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.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Electronics, Inc 2308 | 1,790 TWD | 602.37 TWD | -66% |
| Luxshare Precision Industry Co 002475 | ¥56.06 | ¥38.44 | -31% |
| Samsung Electro-Mechanics Co 009150 | 1,503,000 KRW | 172,954 KRW | -88% |
| Suzhou Dongshan Precision Manufacturing Co 002384 | ¥202.11 | ¥21.19 | -90% |
| Shengyi Technology Co 600183 | ¥143.23 | ¥36.30 | -75% |
| Shennan Circuits Co 002916 | ¥385.80 | ¥125.52 | -67% |
| Victory Giant Technology (HuiZhou) Co 2476 | HK$238.60 | HK$75.68 | -68% |
| Kingboard Laminates Holdings 1888 | HK$38.70 | HK$8.95 | -77% |
| Asia Vital Components Co 3017 | 2,910 TWD | 1,369 TWD | -53% |
| Nan Ya Printed Circuit Board Corporation 8046 | 1,215 TWD | 1,768 TWD | +46% |
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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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