Beken Corp (603068) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Beken Corp ¥6.52, price ¥44.85, upside -85.5%, quality 71 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 28, 2026.
How to read this chart
60‑month range ¥16.15 – ¥91.98 · the ¥44.85 price screens above the ¥6.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 28, 2026.
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Beken Corporation engages in the manufacture and sale of wireless communication products in China and internationally.
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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.
Stock analysis
Beken Corp (603068) currently trades at ¥44.85, while our model-based Fair Value estimate is ¥6.52, 85.5% 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 ¥15.32 per share, and 0 of the 23 models we run sit above the ¥44.85 price.
Bear case: the Earnings-Based group reads lowest at ¥1.32, and 23 of the 23 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Beken Corp reported revenue of 918M CNY in FY2025 versus 1.1B CNY in FY2021, a compound −4.3%/yr. Reported net income was 22.2M CNY in FY2025, compounding −21.5%/yr from FY2021.
Key figures
Market cap 6.7B CNY (≈ $1.0B) · P/E ratio 299.0 · P/S ratio 7.24 · EPS (TTM) ¥0.1500 · Dividend yield 0.0% · Net margin 2.4% · Return on equity 1.1% · Return on assets (EBIT) −3.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −85%, 603068 screens richer than that median.
Fair Value models
Bear ¥6.52Fair Value ¥6.52Bull ¥6.52
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.1059 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.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.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.9%
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.
+8.8%
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.
+2.6%
Start year 2020 (pandemic). Over 10 years: +7.5% a year
Revenue growth 11 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.
+8.7%
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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.
−17.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.6%
Dividend (yield on the price)0.0%
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.−17.6% vs −17.8%, steady
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.4% → −2%
Start year 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).
+35.9%
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 +33.6% 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.Electronic Components · 631 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−85.5% · Bottom 25%
Profitability
Return on equity (TTM)1.1% · Below median
Return on assets−0.8% · Bottom 25%
Net margin (TTM)2.1% · Below median
Operating margin (TTM)2.7% · Below median
Growth and dividend
Revenue growth87.8% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)299.0× · Priciest 25%
P/B3.98× · Pricier than median
P/S (TTM)6.35× · Priciest 25%
P/FCF74.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)4· sector 27
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 25
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). "Beken Corp Fair Value". https://www.fairvalue-calculator.com/stock/603068
Frequently asked questions
Is Beken Corp (603068) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of ¥6.52 versus a price of ¥44.85, about −85% upside (overvalued).
What is the fair value of 603068?
Our model-based fair value for Beken Corp is ¥6.52 (as of Sep 28, 2026), built from audited fundamentals. The current price: ¥44.85.
What is the quality score of 603068?
Beken Corp has a Quality Score of 71/100. 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 Beken Corp (603068)?
Our model-based price target is the fair value of ¥6.52 (as of Sep 28, 2026) from 23 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Beken Corp stock forecast for 2026?
Our models put fair value at ¥6.52, about −85% upside versus a price of ¥44.85 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Beken Corp (603068)?
Beken Corp reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Sep 28, 2026).
Does Beken Corp pay a dividend?
Beken Corp currently shows a dividend yield of about 0.02% relative to its recent price (as of Sep 28, 2026).
What growth is priced into Beken Corp (603068)?
For today's price to be fair in a discounted-cash-flow model, Beken Corp would have to grow free cash flow by +35.9 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.6 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of 603068 use?
Our models discount Beken Corp at 10.9 %: a base by market capitalisation (small), damped by beta 0.66, 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 Beken Corp that is +35.9 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Beken Corp (603068) delivered so far?
Over the past 5 years revenue at Beken Corp grew +2.6 % a year. The price currently implies +35.9 % 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 Beken Corp (603068) growing?
The median revenue growth in the sector is +10.0 % a year. That is the yardstick for the growth priced into Beken Corp (+35.9 % 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 Beken Corp (603068)?
The free-cash-flow yield on the price is 1.34 %: that much free cash flow Beken Corp produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Beken Corp (603068)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Beken Corp it is ¥6.52 per share (as of Sep 28, 2026), against a price of ¥44.85. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Beken Corp stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 603068 trades above its calculated fair value: price ¥44.85, fair value ¥6.52, a gap of about −85% (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 603068?
No. The price is what the market pays today (¥44.85); the fair value is what the company's own numbers justify (¥6.52). For Beken Corp the two are ¥38.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Beken Corp worth?
The market values Beken Corp at about 6.7B CNY (market capitalisation, as of Sep 28, 2026). Per share that is ¥44.85; our models calculate a fair value of ¥6.52 per share.
What is the P/E ratio of 603068?
Beken Corp trades at a price-to-earnings ratio of 299.0 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥6.52 is built from several models across several years. Other multiples: P/B 4.0, P/S 6.3.
How solid is the balance sheet of Beken Corp (603068)?
Balance-sheet figures for Beken Corp (as of Sep 28, 2026): return on equity 1.1%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 603068 from its 52-week high?
Beken Corp trades at ¥44.85, about 8% below its 52-week high of ¥48.51 and 48% above the low of ¥30.31 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.52 is for.
Which stocks are comparable to Beken Corp?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Beken Corp stock attractive at the current price?
The data as of Sep 28, 2026: price ¥44.85, calculated fair value ¥6.52 (−85%), Quality Score 71/100, from 23 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 603068 calculated?
We run Beken Corp through 23 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 ¥6.52, 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 14.5 % above its aggregate fair value. Beken Corp 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 Beken Corp (603068)?
The closing price on Sep 30, 2026 was ¥44.85. Our model-based fair value is ¥6.52, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Beken Corp right 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 (¥6.52). 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.
Key figures of Beken Corp
How large is the market capitalisation of Beken Corp (603068)?
The market capitalisation of Beken Corp is 6.7B CNY (≈ $1.0B). 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 Beken Corp (603068)?
The price-to-sales ratio of Beken Corp is 7.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Beken Corp (603068)?
Earnings per share at Beken Corp are ¥0.1500 (price ÷ EPS = P/E 299.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Beken Corp (603068)?
The dividend yield of Beken Corp is 0.0% (payout 6.7%). 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 Beken Corp (603068)?
The net margin of Beken Corp is 2.4% (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 Beken Corp (603068)?
The return on equity (ROE) of Beken Corp is 1.1% (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 Beken Corp (603068)?
On an EBIT basis the return on assets of Beken Corp is −3.4% (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 Beken Corp (603068)?
The operating margin of Beken Corp is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Beken Corp (603068)?
Revenue at Beken Corp is growing +87.8% versus a year earlier (3y avg +8.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Beken Corp (603068) hold?
Beken Corp holds more cash than debt, 834M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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