Bethel Automotive Safety Systems Co (603596) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 25.3B CNY
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 30 days ago
Share price +4.4% over the past month.
Below-average quality, and screening another 10% overvalued on our models.
What matters now
- The model range is unusually wide (¥12.72 to ¥55.96). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Our model range runs from ¥12.72 (bear) to ¥55.96 (bull), base ¥23.96. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 36/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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
60‑month range ¥19.15 – ¥75.00 · fair‑value band ¥12.72 – ¥55.96 · the ¥26.64 price screens above the ¥23.96 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Bethel Automotive Safety Systems Co (603596) currently trades at ¥26.64, while our model-based Fair Value estimate is ¥23.96, implying the stock looks roughly 10.1% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical 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, Bethel Automotive Safety Systems Co generated revenue of 12.1B CNY at a net margin of 10.9%. Revenue grew 1.4% year over year. It earns a return on equity of 16.7%. Net debt stands at 3.4B CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥12.72 (bear case) to ¥55.96 (bull case); at ¥26.64, the current price sits within 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 55% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -10%, 603596 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.
All 26 models by family
Widest divergence: Growth Earnings (¥48.02) versus Dividend Discount (¥3.80). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 15
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
Bethel Automotive Safety Systems Co., Ltd develops, manufactures, and sells automotive chassis systems and advanced driving systems in China.
Full company description
Bethel Automotive Safety Systems Co., Ltd develops, manufactures, and sells automotive chassis systems and advanced driving systems in China. The company offers electronic parking brake systems, wire control brake systems, electric power steering systems, electronic mechanical braking, mechanical steering gears, mechanical steering columns, aluminum knuckles, subframes, control arms, and wheel housing products. The company was founded in 2004 and is headquartered in Wuhu, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bethel Automotive Safety Systems Co reported revenue of ¥12.0B in FY2025 versus ¥3.5B in FY2021, a compound +36.1%/yr. Reported net income was ¥1.3B in FY2025, compounding +26.9%/yr from FY2021.
603596 screens 10% overvalued. Compare with Hyundai Mobis Co →
Peer Group
Auto Parts · 642 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 Auto Parts 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.
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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 482,000 KRW | 678,420 KRW | +41% |
| Magna International Inc MGAN | 1,122 MXN | 1,172 MXN | +4% |
| Samvardhana Motherson International Limited MOTHERSON | ₹144.17 | ₹80.63 | -44% |
| Bosch Limited BOSCHLTD | ₹41,110 | ₹14,004 | -66% |
| Bharat Forge Limited BHARATFORG | ₹2,117 | ₹441.74 | -79% |
| Uno Minda Limited UNOMINDA | ₹1,158 | ₹426.57 | -63% |
| Schaeffler India Limited SCHAEFFLER | ₹4,135 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 73,600 KRW | 196,479 KRW | +167% |
| MRF Limited MRF | ₹131,025 | ₹125,849 | -4% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹792.00 | ₹207.06 | -74% |
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Frequently asked questions
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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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