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Beijing Yuanliu Hongyuan Electronic Technology Co (603267) Fair Value & Analysis

Technology · CN · Market cap 12.0B CNY

BY Beijing Yuanliu Hongyuan Electronic Technology Co 603267 · SHG
Price¥51.90
Fair Value¥20.57
Upside-60.4%
Quality68/100
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Weak Growth
Solidly profitable · 16.5% net margin
Low debt · generates free cash flow
0.68% dividend yield
Mixed vs. peers (6/14)
Moderate moat 48/100
Evidence: High Range ¥13.68 – ¥26.38 Share as image

Fair value as of: Aug 10, 2026

From 26 valuation models · updated today

Fair value updated Aug 10, 2026, revised from ¥21.45 to ¥20.57 (−4.1%) since Jul 11, 2026. Share price −17.4% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥26.38). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥13.68 to ¥26.38) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥184.04 ¥29.03 Fair Value ¥20.57 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

60‑month range ¥29.03 – ¥184.04 · fair‑value band ¥13.68 – ¥26.38 · the ¥51.90 price screens above the ¥20.57 fair value. Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Beijing Yuanliu Hongyuan Electronic Technology Co (603267) currently trades at ¥51.90, while our model-based Fair Value estimate is ¥20.57, implying the stock looks roughly 60.4% overvalued today. The Quality Score stands at 68/100 (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, Beijing Yuanliu Hongyuan Electronic Technology Co generated revenue of 1.7B CNY at a net margin of 16.5%. Revenue declined 12.0% year over year. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 398M CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥13.68 (bear case) to ¥26.38 (bull case); at ¥51.90, 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 38% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -60%, 603267 screens cheaper 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 ¥8.57 ¥12.05 ¥17.90 80
Residual Income ¥14.92 ¥15.27 ¥15.16 76
Rev-Margin DCF ¥12.24 ¥19.42 ¥28.59 74
All 26 models by family
DCF Models
FCF DCF ¥8.60 ¥12.36 ¥18.83 38
Owner Earnings ¥17.82 ¥28.85 ¥47.84 31
5Y Revenue Exit ¥12.24 ¥19.71 ¥30.00 39
5Y EBITDA Exit ¥14.58 ¥24.49 ¥37.03 41
5Y P/E Exit ¥15.47 ¥26.30 ¥38.77 38
10Y Revenue Exit ¥10.62 ¥17.30 ¥27.77 36
10Y EBITDA Exit ¥12.51 ¥20.79 ¥33.61 37
10Y P/E Exit ¥13.10 ¥22.11 ¥35.06 35
Earnings-Based
Graham-Dodd ¥7.35 ¥33.18 ¥45.49 54
Lynch FV ¥8.66 ¥12.37 ¥16.08 50
PEG = 1.0 ¥8.66 ¥12.37 ¥16.08 46
EPV ¥12.48 ¥13.92 ¥15.18 59
Dividend Discount
Gordon GGM ¥2.47 ¥5.14 ¥8.16 70
DDM Multi-Stage ¥2.47 ¥4.34 ¥5.40 61
Multiples
P/E Multiple ¥16.22 ¥21.63 ¥27.04 63
P/S Multiple ¥13.79 ¥18.38 ¥22.98 58
P/B Multiple ¥13.79 ¥18.38 ¥22.98 55
EV/EBIT ¥19.12 ¥24.22 ¥29.31 53
EV/EBITDA ¥18.62 ¥23.55 ¥28.48 54
EV/Revenue ¥14.13 ¥18.55 ¥22.97 43
Asset-Based
NCAV (Graham) ¥9.57 ¥12.82 ¥19.13 50
Growth DCF
Growth DCF ¥8.57 ¥12.05 ¥17.90 80
Rev-Margin DCF ¥12.24 ¥19.42 ¥28.59 74
Economic Profit
Residual Income ¥14.92 ¥15.27 ¥15.16 76
ROIC Compounder ¥12.48 ¥13.92 ¥15.18 72
Growth Earnings
Growth-Adj P/E ¥13.68 ¥19.54 ¥25.40 68

Widest divergence: DCF Models (¥20.79) versus Dividend Discount (¥4.34). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.7B CNY
Revenue growth (YoY) -12.0%
Net margin 16.5%
Return on equity 6.4%
Free cash flow 86.5M CNY FY2025
P/E ratio 41.9
More key figures
Operating margin 15.0%
EPS (TTM) ¥1.24
Dividend yield 0.7%
EPS growth (YoY) +61.5%
Net cash 398M CNY FY2025

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 64 · Market factors (momentum, volatility) 38

Profitability 35
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 29
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

Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. engages in the research and development, production, and sale of electronic components in China and internationally. The company operates through Self-Produced Business and Agency Business segments.

Full company description

Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. engages in the research and development, production, and sale of electronic components in China and internationally. The company operates through Self-Produced Business and Agency Business segments. It offers ceramic capacitors and components, filters, microprocessors, microcontrollers, microwave modules, micro-nano system integrated ceramic shells, and supporting integrated circuits. In addition, the company provides resistors, inductors, RF devices, discrete devices, connectors, integrated circuits, and other products. It serves aerospace, aviation, electronic information, weapons, ships, automotive electronics, communications, rail transportation, medical electronics, industrial, consumer, and other reliability sectors. The company was founded in 2001 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Yuanliu Hongyuan Electronic Technology Co reported revenue of ¥1.8B in FY2025 versus ¥2.4B in FY2021, a compound −7.2%/yr. Reported net income was ¥250M in FY2025, compounding −25.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
+19.4%
Avg. growth/yr (3Y)
−10.7%
Avg. growth/yr (5Y)
+0.9%
Avg. growth/yr (11Y)
+13.4%
Revenue −7.2%/yr
FY21 ¥2.4B
FY22 ¥2.5B
FY23 ¥1.7B
FY24 ¥1.5B
FY25 ¥1.8B
Net income −25.9%/yr
FY21 ¥827M
FY22 ¥805M
FY23 ¥272M
FY24 ¥154M
FY25 ¥250M

603267 screens 60% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Beijing Yuanliu Hongyuan Electronic Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603267

Peer Group

Electronic Components · 626 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 68 · Top 25%
Fair Value upside −60% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 41.9× · Pricier than median
P/B 2.71× · Pricier than median
P/S (TTM) 6.90× · Pricier than 75% of peers
P/FCF 20.6× · Pricier than 75% of peers
EV/EBITDA 34.4× · 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 0 · sector 32
PAST 26 · sector 24
HEALTH 100 · sector 95
DIVIDEND 14 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Beijing Yuanliu Hongyuan Electronic Technology Co (603267) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥20.57 versus a price of ¥51.90, about −60% (overvalued).
What is the fair value of 603267?
Our model-based fair value for Beijing Yuanliu Hongyuan Electronic Technology Co is ¥20.57 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥51.90.
What is the quality score of 603267?
Beijing Yuanliu Hongyuan Electronic Technology Co has a Quality Score of 68/100. 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 Beijing Yuanliu Hongyuan Electronic Technology Co (603267)?
Beijing Yuanliu Hongyuan Electronic Technology Co reported trailing-twelve-month revenue of about 1.7B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 603267?
The net profit margin of Beijing Yuanliu Hongyuan Electronic Technology Co is about 16.5%, meaning it keeps roughly 16.5% of revenue as net income. Based on the latest reported figures.
Does Beijing Yuanliu Hongyuan Electronic Technology Co pay a dividend?
Beijing Yuanliu Hongyuan Electronic Technology Co currently shows a dividend yield of about 0.56% relative to its recent price (as of Aug 10, 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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