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Bairong Inc (6608) Fair Value & Analysis

Technology · HK · Market cap HK$2.1B

BI Bairong Inc 6608 · HK
PriceHK$5.38
Fair ValueHK$5.78
Upside+7.4%
Quality55/100
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Expensive Growth
Thin margins · 2.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 13/100
Evidence: High Range HK$4.23 – HK$7.19 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$3.37 to HK$5.78 (+71.5%) since Jul 7, 2026. Share price +7.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$4.23 (bear) to HK$7.19 (bull), base HK$5.78. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$27.55 HK$4.49 Fair Value HK$5.78 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$4.49 – HK$27.55 · fair‑value band HK$4.23 – HK$7.19 · the HK$5.38 price screens below the HK$5.78 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Bairong Inc (6608) currently trades at HK$5.38, while our model-based Fair Value estimate is HK$5.78, implying the stock looks roughly 7.4% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Bairong Inc generated revenue of HK$2.9B at a net margin of 2.3%. Revenue declined 18.6% year over year. It earns a return on equity of 1.6%. The balance sheet holds a net cash position of HK$603M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$4.23 (bear case) to HK$7.19 (bull case); at HK$5.38, 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 61% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at 7%, 6608 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF HK$2.12 HK$2.31 HK$2.59 80
ROIC Compounder HK$3.14 HK$3.33 HK$3.49 72
Growth-Adj P/E HK$3.42 HK$4.89 HK$6.36 68
All 23 models by family
DCF Models
FCF DCF HK$2.13 HK$2.29 HK$2.67 38
Owner Earnings HK$4.23 HK$6.53 HK$10.80 31
5Y Revenue Exit HK$3.01 HK$4.28 HK$6.15 39
5Y EBITDA Exit HK$5.34 HK$9.46 HK$15.07 41
5Y P/E Exit HK$4.43 HK$7.43 HK$11.16 38
10Y Revenue Exit HK$2.67 HK$3.77 HK$5.75 36
10Y EBITDA Exit HK$4.28 HK$7.65 HK$13.63 37
10Y P/E Exit HK$3.67 HK$6.13 HK$10.18 35
Earnings-Based
Graham-Dodd HK$1.21 HK$7.13 HK$9.93 54
Lynch FV HK$2.02 HK$2.89 HK$3.76 50
PEG = 1.0 HK$2.02 HK$2.89 HK$3.76 46
EPV HK$3.14 HK$3.33 HK$3.49 59
Multiples
P/E Multiple HK$3.73 HK$4.97 HK$6.21 63
P/S Multiple HK$2.26 HK$3.02 HK$3.77 58
P/B Multiple HK$2.26 HK$3.02 HK$3.77 55
EV/EBIT HK$4.82 HK$5.78 HK$6.74 53
EV/EBITDA HK$7.06 HK$8.77 HK$10.47 54
EV/Revenue HK$3.39 HK$4.01 HK$4.64 43
Asset-Based
NCAV (Graham) HK$6.11 HK$8.19 HK$12.23 50
Growth DCF
Growth DCF HK$2.12 HK$2.31 HK$2.59 80
Economic Profit
Residual Income HK$8.33 HK$7.75 HK$5.73 61
ROIC Compounder HK$3.14 HK$3.33 HK$3.49 72
Growth Earnings
Growth-Adj P/E HK$3.42 HK$4.89 HK$6.36 68

Widest divergence: Asset-Based (HK$8.19) versus Growth DCF (HK$2.31). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$2.9B
Revenue growth (YoY) -18.6%
Net margin 2.3%
Return on equity 1.6%
Free cash flow HK$5.5M FY2025
P/E ratio 27.6 as of Jul 2, 2026
More key figures
Operating margin -10.7%
EPS (TTM) HK$0.4200
EPS growth (YoY) +44.8%
Net cash HK$603M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 19

Profitability 34
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 100
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

Bairong Inc., an investment holding company, operates as an artificial intelligence (AI) technology services company in China.

Full company description

Bairong Inc., an investment holding company, operates as an artificial intelligence (AI) technology services company in China. It offers MaaS (Model as a Service), which leverages discriminant AI to digitalize the know-your-customer and know-your-product process for enterprises by analyzing users' risk, willingness, and capability; and BaaS (Business as a Service) that uses discriminant AI to analyze and stratify users into groups, as well as develops generative AI-powered chatbots using human natural languages to interact with users. The company also provides banking, consumer finance, wealth management, financial leasing, and e-commerce industry digital intelligence services. In addition, it is involved in the technology development; development, consulting, and transfer services of software and hardware products and network technology; software development; data processing; big data; micro-loan; insurance and reinsurance brokerage; enterprise credit; asset management; and enterprise management consulting businesses. The company was founded in 2014 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bairong Inc reported revenue of HK$2.9B in FY2025 versus HK$1.6B in FY2021, a compound +15.8%/yr. Reported net income was HK$66.9M in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$2.9B
Latest YoY
−0.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.8%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.2%
Revenue +15.8%/yr
FY21 HK$1.6B
FY22 HK$2.1B
FY23 HK$2.7B
FY24 HK$2.9B
FY25 HK$2.9B
Net income
FY21 −HK$3.6B
FY22 HK$240M
FY23 HK$340M
FY24 HK$266M
FY25 HK$66.9M

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Cite: Fair Value Calculator (2026). "Bairong Inc Fair Value". https://www.fairvalue-calculator.com/stock/6608

Peer Group

Software - Infrastructure · 369 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 55 · Above median
Fair Value upside +7% · Above median
Return on equity (TTM) 2% · Below median
Return on assets -0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -11% · Bottom 25%
Revenue growth -19% · Bottom 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 27.6× · Pricier than median
P/B 0.46× · Cheaper than 75% of peers
P/S (TTM) 0.72× · Cheaper than 75% of peers
P/FCF 49.3× · 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 43 · sector 0
FUTURE 0 · sector 48
PAST 6 · sector 14
HEALTH 100 · sector 99
DIVIDEND 0 · sector 29

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $506.06 $365.74 -28%
Oracle Corporation ORAC C$7.22 C$2.34 -68%
Fortinet, Inc FTNT $160.84 $61.46 -62%
Synopsys, Inc 1SNPS €358.00 €93.61 -74%
Block, Inc XYZ A$111.01 A$70.69 -36%
Range Intelligent Computing Technology Group 300442 ¥67.70 ¥30.89 -54%
Oracle Financial Services Software Limited OFSS ₹11,679 ₹6,897 -41%
360 Security Technology Inc 601360 ¥9.58 ¥1.05 -89%
One97 Communications Limited PAYTM ₹1,610 ₹241.68 -85%
PT GoTo Gojek Tokopedia Tbk GOTO 50.00 IDR 20.41 IDR -59%

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Frequently asked questions

Is Bairong Inc (6608) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$5.78 versus a price of HK$5.38, about +7% (fairly valued).
What is the fair value of 6608?
Our model-based fair value for Bairong Inc is HK$5.78 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$5.38.
What is the quality score of 6608?
Bairong Inc has a Quality Score of 55/100. 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 Bairong Inc (6608)?
Bairong Inc reported trailing-twelve-month revenue of about HK$2.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6608?
The net profit margin of Bairong Inc is about 2.3%, meaning it keeps roughly 2.3% 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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