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Beijing Tricolor Technology Co (603516) Fair Value & Analysis

Technology · CN · Market cap 24.9B CNY

BT Beijing Tricolor Technology Co 603516 · SHG
Price¥100.52
Fair Value¥23.39
Upside-76.7%
Quality49/100
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Weak Growth
Highly profitable · 88.4% net margin
Low debt · negative free cash flow
Trails peers (3/11)
Moderate moat 46/100
Evidence: Medium Range ¥17.05 – ¥29.23 Share as image

Fair value as of: Jul 12, 2026

From 11 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥23.51 to ¥23.39 (−0.5%) since Jun 24, 2026. Share price −6.5% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥29.23). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥261.27 ¥9.73 Fair Value ¥23.39 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥9.73 – ¥261.27 · fair‑value band ¥17.05 – ¥29.23 · the ¥100.52 price screens above the ¥23.39 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Beijing Tricolor Technology Co (603516) currently trades at ¥100.52, while our model-based Fair Value estimate is ¥23.39, implying the stock looks roughly 76.7% overvalued today. The Quality Score stands at 49/100 (below-average 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: medium).

Over the trailing twelve months, Beijing Tricolor Technology Co generated revenue of 335M CNY at a net margin of 88.4%. Revenue grew 13.9% year over year. It earns a return on equity of 18.9%. The balance sheet holds a net cash position of 628M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥17.05 (bear case) to ¥29.23 (bull case); at ¥100.52, 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 62% below its 52-week high and 203% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -18% fair-value upside, at -77%, 603516 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
Residual Income ¥9.10 ¥12.20 ¥40.82 76
Gordon GGM ¥2.26 ¥2.98 ¥3.71 70
Growth-Adj P/E ¥14.63 ¥20.90 ¥27.17 68
All 11 models by family
DCF Models
Owner Earnings ¥15.15 ¥20.67 ¥30.35 31
Earnings-Based
Graham-Dodd ¥9.35 ¥16.97 ¥20.97 54
Dividend Discount
Gordon GGM ¥2.26 ¥2.98 ¥3.71 70
DDM Multi-Stage ¥2.26 ¥3.10 ¥4.10 61
Multiples
P/E Multiple ¥20.63 ¥27.51 ¥34.39 63
P/S Multiple ¥3.04 ¥4.05 ¥5.06 58
P/B Multiple ¥17.54 ¥23.39 ¥29.23 55
EV/EBITDA ¥0.3600 ¥0.4000 ¥0.4400 54
Asset-Based
NCAV (Graham) ¥4.19 ¥5.61 ¥8.37 50
Economic Profit
Residual Income ¥9.10 ¥12.20 ¥40.82 76
Growth Earnings
Growth-Adj P/E ¥14.63 ¥20.90 ¥27.17 68

Widest divergence: Growth Earnings (¥20.90) versus Dividend Discount (¥2.98). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 335M CNY
Revenue growth (YoY) +13.9%
Net margin 88.4%
Return on equity 18.9%
Free cash flow −8.6M CNY FY2025
P/E ratio 83.8
More key figures
Operating margin -45.9%
EPS (TTM) ¥1.46
EPS growth (YoY) -21.6%
Net cash 628M CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 44

Profitability 53
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 54
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 Tricolor Technology Co., Ltd manufactures and sells professional audio and video products in China and internationally. The company offers matrix switcher, video wall controller, KVM switches, signal transceiver and extenders, DSP, conference system, and accessories.

Full company description

Beijing Tricolor Technology Co., Ltd manufactures and sells professional audio and video products in China and internationally. The company offers matrix switcher, video wall controller, KVM switches, signal transceiver and extenders, DSP, conference system, and accessories. Its products are used in command and control centers, smart conference rooms, commercial applications, and other multimedia video scenes in various industries. Beijing Tricolor Technology Co., Ltd was founded in 2011 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Tricolor Technology Co reported revenue of ¥329M in FY2025 versus ¥468M in FY2021, a compound −8.4%/yr. Reported net income was ¥280M in FY2025, compounding +35.4%/yr from FY2021.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
329M CNY
Latest YoY
−33.5%
Avg. growth/yr (3Y)
−4.7%
Avg. growth/yr (5Y)
−7.4%
Avg. growth/yr (12Y)
+9.6%
Revenue −8.4%/yr
FY21 ¥468M
FY22 ¥381M
FY23 ¥499M
FY24 ¥495M
FY25 ¥329M
Net income +35.4%/yr
FY21 ¥83.1M
FY22 ¥29.9M
FY23 ¥17.5M
FY24 ¥85.8M
FY25 ¥280M

603516 screens 77% overvalued. Compare with TD SYNNEX Corporation →

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Cite: Fair Value Calculator (2026). "Beijing Tricolor Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603516

Peer Group

Electronics & Computer Distribution · 151 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 49 · Below median
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 19% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) 88% · Top 25%
Operating margin (TTM) -46% · Bottom 25%
Revenue growth 14% · Above median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 83.8× · Pricier than 75% of peers
P/B 14.62× · Pricier than 75% of peers
P/S (TTM) 74.35× · 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 14
FUTURE 70 · sector 57
PAST 76 · sector 36
HEALTH 92 · sector 98
DIVIDEND 0 · sector 39

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Insight Enterprises, Inc NSIT $114.65 $104.19 -9%

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Frequently asked questions

Is Beijing Tricolor Technology Co (603516) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥23.39 versus a price of ¥100.52, about −77% (overvalued).
What is the fair value of 603516?
Our model-based fair value for Beijing Tricolor Technology Co is ¥23.39 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥100.52.
What is the quality score of 603516?
Beijing Tricolor Technology Co has a Quality Score of 49/100. 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 Tricolor Technology Co (603516)?
Beijing Tricolor Technology Co reported trailing-twelve-month revenue of about 335M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603516?
The net profit margin of Beijing Tricolor Technology Co is about 88.4%, meaning it keeps roughly 88.4% of revenue as net income. Based on the latest reported figures.

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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