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Anbang Save-Guard Group (603373) Fair Value & Analysis

Industrials · CN · Market cap 5.5B CNY

AS Anbang Save-Guard Group 603373 · SHG
Price¥38.60
Fair Value¥15.01
Upside-61.1%
Quality43/100
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Healthy Growth
Thin margins · 4.7% net margin
Low debt · generates free cash flow
1.19% dividend yield
Mixed vs. peers (7/14)
Moderate moat 46/100
Evidence: Medium Range ¥11.26 – ¥18.77 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Share price +18.1% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥18.77). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (3 years)

¥43.28 ¥17.10 Fair Value ¥15.01 Dec 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

32‑month range ¥17.10 – ¥43.28 · fair‑value band ¥11.26 – ¥18.77 · the ¥38.60 price screens above the ¥15.01 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Anbang Save-Guard Group (603373) currently trades at ¥38.60, while our model-based Fair Value estimate is ¥15.01, implying the stock looks roughly 61.1% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, Anbang Save-Guard Group generated revenue of 2.7B CNY at a net margin of 4.7%. Revenue grew 2.3% year over year. It earns a return on equity of 9.7%. The balance sheet holds a net cash position of 1.5B CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥11.26 (bear case) to ¥18.77 (bull case); at ¥38.60, 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 12% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at -61%, 603373 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥25.26 ¥31.63 ¥40.18 80
Residual Income ¥9.83 ¥10.30 ¥10.76 76
Rev-Margin DCF ¥29.09 ¥40.89 ¥53.97 74
All 26 models by family
DCF Models
FCF DCF ¥24.97 ¥32.06 ¥42.12 38
Owner Earnings ¥10.14 ¥10.20 ¥10.28 31
5Y Revenue Exit ¥29.09 ¥40.90 ¥55.82 39
5Y EBITDA Exit ¥34.17 ¥50.18 ¥68.58 41
5Y P/E Exit ¥22.91 ¥29.59 ¥36.38 38
10Y Revenue Exit ¥26.73 ¥36.90 ¥50.20 36
10Y EBITDA Exit ¥30.51 ¥43.12 ¥59.52 37
10Y P/E Exit ¥23.55 ¥29.32 ¥36.01 35
Earnings-Based
Graham-Dodd ¥5.72 ¥15.82 ¥20.78 54
Lynch FV ¥3.16 ¥4.52 ¥5.87 50
PEG = 1.0 ¥3.16 ¥4.52 ¥5.87 46
EPV ¥26.35 ¥28.92 ¥31.15 59
Dividend Discount
Gordon GGM ¥4.58 ¥9.12 ¥13.81 70
DDM Multi-Stage ¥4.58 ¥7.08 ¥9.62 61
Multiples
P/E Multiple ¥13.25 ¥17.66 ¥22.08 63
P/S Multiple ¥10.72 ¥14.30 ¥17.87 58
P/B Multiple ¥10.72 ¥14.30 ¥17.87 55
EV/EBIT ¥42.12 ¥52.83 ¥63.53 53
EV/EBITDA ¥43.48 ¥54.63 ¥65.78 54
EV/Revenue ¥32.74 ¥42.48 ¥52.22 43
Asset-Based
NCAV (Graham) ¥6.13 ¥8.22 ¥12.27 50
Growth DCF
Growth DCF ¥25.26 ¥31.63 ¥40.18 80
Rev-Margin DCF ¥29.09 ¥40.89 ¥53.97 74
Economic Profit
Residual Income ¥9.83 ¥10.30 ¥10.76 76
ROIC Compounder ¥26.78 ¥29.91 ¥32.95 72
Growth Earnings
Growth-Adj P/E ¥10.53 ¥15.04 ¥19.56 68

Widest divergence: DCF Models (¥32.06) versus Earnings-Based (¥4.52). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.7B CNY
Revenue growth (YoY) +2.3%
Net margin 4.7%
Return on equity 9.7%
Free cash flow 215M CNY FY2025
P/E ratio 42.1
More key figures
Operating margin 11.5%
EPS (TTM) ¥0.8600
Dividend yield 1.2%
EPS growth (YoY) +9.9%
Net cash 1.5B CNY FY2024

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 47 · Market factors (momentum, volatility) 66

Profitability 36
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 0
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

Anbang Save-Guard Group Co.,Ltd. provides financial armed escort and financial outsourcing services. The company offers financial security services, including escort and custody; integrated security services, such as security for key units and large-scale events, sales and construction of intelligent security systems, security training services, etc.

Full company description

Anbang Save-Guard Group Co.,Ltd. provides financial armed escort and financial outsourcing services. The company offers financial security services, including escort and custody; integrated security services, such as security for key units and large-scale events, sales and construction of intelligent security systems, security training services, etc. It also provides security emergency service, which includes property management, file management, and other services for large institutions, traffic emergency services, social emergency material management, emergency rescue, etc., as well as multi-level security services and overseas security services. Anbang Save-Guard Group Co.,Ltd. was incorporated in 2006 and is based in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anbang Save-Guard Group reported revenue of ¥2.7B in FY2025 versus ¥2.2B in FY2021, a compound +5.4%/yr. Reported net income was ¥127M in FY2025, compounding +7.9%/yr from FY2021.

Growth Quality 65/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.7B CNY
Latest YoY
+2.2%
Avg. growth/yr (3Y)
+4.5%
Avg. growth/yr (5Y)
+5.6%
Avg. growth/yr (7Y)
+5.8%
Revenue +5.4%/yr
FY21 ¥2.2B
FY22 ¥2.4B
FY23 ¥2.5B
FY24 ¥2.7B
FY25 ¥2.7B
Net income +7.9%/yr
FY21 ¥93.3M
FY22 ¥113M
FY23 ¥118M
FY24 ¥125M
FY25 ¥127M

603373 screens 61% overvalued. Compare with ASSA ABLOY AB →

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Cite: Fair Value Calculator (2026). "Anbang Save-Guard Group Fair Value". https://www.fairvalue-calculator.com/stock/603373

Peer Group

Security & Protection Services · 113 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 43 · Bottom 25%
Fair Value upside −61% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 42.1× · Pricier than 75% of peers
P/B 2.95× · Pricier than 75% of peers
P/S (TTM) 2.00× · Pricier than median
P/FCF 3.8× · Cheaper than median
EV/EBITDA 8.6× · Cheaper than median

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 17
FUTURE 12 · sector 38
PAST 39 · sector 21
HEALTH 99 · sector 99
DIVIDEND 24 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 348.40 kr 269.97 -23%
Verisure plc VSURE €10.26 €12.40 +21%
Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is Anbang Save-Guard Group (603373) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥15.01 versus a price of ¥38.60, about −61% (overvalued).
What is the fair value of 603373?
Our model-based fair value for Anbang Save-Guard Group is ¥15.01 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥38.60.
What is the quality score of 603373?
Anbang Save-Guard Group has a Quality Score of 43/100. 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 Anbang Save-Guard Group (603373)?
Anbang Save-Guard Group reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603373?
The net profit margin of Anbang Save-Guard Group is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Anbang Save-Guard Group pay a dividend?
Anbang Save-Guard Group currently shows a dividend yield of about 1.19% relative to its recent price (as of Jul 11, 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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