Guangzhou Baiyun Electric Equipment Co (603861) Fair Value & Analysis
Industrials · CN · Market cap 8.3B CNY
Fair value as of: Jul 12, 2026
From 17 valuation models · updated 29 days ago
Share price −10.3% over the past month.
Below-average quality, and screening another 56% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥6.80). The favourable scenario is already priced in.
- Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
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 ¥6.61 – ¥21.24 · fair‑value band ¥4.92 – ¥6.80 · the ¥12.27 price screens above the ¥5.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Guangzhou Baiyun Electric Equipment Co (603861) currently trades at ¥12.27, while our model-based Fair Value estimate is ¥5.38, implying the stock looks roughly 56.2% overvalued today. The Quality Score stands at 29/100 (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: high).
Over the trailing twelve months, Guangzhou Baiyun Electric Equipment Co generated revenue of 4.9B CNY at a net margin of 4.1%. Revenue declined 0.2% year over year. It earns a return on equity of 5.6%. Net debt stands at 1.2B CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥4.92 (bear case) to ¥6.80 (bull case); at ¥12.27, 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 46% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -56%, 603861 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.
All 17 models by family
Widest divergence: DCF Models (¥8.70) versus Dividend Discount (¥3.37). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 28 · Market factors (momentum, volatility) 46
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
Guangzhou Baiyun Electric Equipment Co., Ltd. engages in the research, development, manufacturing, sale, and service of capacitors, transformers, switchgear, frequency converters, automatic control, intelligent components, and other products in China.
Full company description
Guangzhou Baiyun Electric Equipment Co., Ltd. engages in the research, development, manufacturing, sale, and service of capacitors, transformers, switchgear, frequency converters, automatic control, intelligent components, and other products in China. The company offers high voltage GIS, medium voltage C-GIS, medium voltage metal enclosed switchgear, ring main unit, DC traction switchgear, low voltage switchgear, distribution box, intelligent bus, medium voltage switch, low voltage switch, and intelligent components. It also provides integrated energy service, smart substation, smart distribution grids, rail transit power supply system equipment, data center, intelligent water, power quality management, and tram power supply solutions. Guangzhou Baiyun Electric Equipment Co., Ltd. was founded in 1989 and is based in Guangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Guangzhou Baiyun Electric Equipment Co reported revenue of ¥4.9B in FY2025 versus ¥3.5B in FY2021, a compound +8.8%/yr. Reported net income was ¥204M in FY2025, compounding +38.1%/yr from FY2021.
603861 screens 56% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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 Specialty Industrial Machinery 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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