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Eyebright Medical Technology (Beijing) Co (688050) Fair Value & Analysis

Healthcare · CN · Market cap 7.8B CNY

EM Eyebright Medical Technology (Beijing) Co 688050 · SHG
Price¥41.06
Fair Value¥24.37
Upside-40.7%
Quality59/100
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Healthy Growth
Solidly profitable · 17.4% net margin
Low debt · generates free cash flow
0.80% dividend yield
Mixed vs. peers (7/14)
Moderate moat 61/100
Evidence: Medium Range ¥18.00 – ¥30.74 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥30.19 to ¥24.37 (−19.3%) since Jun 24, 2026. Share price +2.0% over the past month.

A solid business, but screening 41% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥30.74). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥384.94 ¥36.26 Fair Value ¥24.37 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 ¥36.26 – ¥384.94 · fair‑value band ¥18.00 – ¥30.74 · the ¥41.06 price screens above the ¥24.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Eyebright Medical Technology (Beijing) Co (688050) currently trades at ¥41.06, while our model-based Fair Value estimate is ¥24.37, implying the stock looks roughly 40.7% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Healthcare 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, Eyebright Medical Technology (Beijing) Co generated revenue of 1.5B CNY at a net margin of 17.4%. Revenue grew 11.5% year over year. It earns a return on equity of 8.2%. Net debt stands at 215M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥18.00 (bear case) to ¥30.74 (bull case); at ¥41.06, 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 51% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -41%, 688050 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥20.46 ¥37.62 ¥65.27 80
Residual Income ¥12.33 ¥13.51 ¥18.84 76
Rev-Margin DCF ¥19.76 ¥34.20 ¥64.42 74
All 26 models by family
DCF Models
FCF DCF ¥21.69 ¥32.61 ¥66.64 38
Owner Earnings ¥25.34 ¥54.37 ¥113.08 31
5Y Revenue Exit ¥18.04 ¥30.08 ¥55.30 39
5Y EBITDA Exit ¥25.63 ¥45.43 ¥84.31 41
5Y P/E Exit ¥23.96 ¥52.31 ¥91.03 38
10Y Revenue Exit ¥18.80 ¥39.24 ¥52.17 36
10Y EBITDA Exit ¥24.80 ¥55.21 ¥108.81 37
10Y P/E Exit ¥23.61 ¥51.71 ¥98.09 35
Earnings-Based
Graham-Dodd ¥9.33 ¥65.07 ¥91.31 54
Lynch FV ¥33.62 ¥48.02 ¥62.43 50
PEG = 1.0 ¥33.62 ¥48.02 ¥62.43 46
EPV ¥13.73 ¥15.66 ¥17.33 59
Dividend Discount
Gordon GGM ¥4.06 ¥8.09 ¥12.26 70
DDM Multi-Stage ¥4.06 ¥6.99 ¥8.54 61
Multiples
P/E Multiple ¥22.64 ¥30.19 ¥37.73 63
P/S Multiple ¥17.49 ¥23.33 ¥29.16 58
P/B Multiple ¥17.49 ¥23.33 ¥29.16 55
EV/EBIT ¥20.57 ¥26.94 ¥33.31 53
EV/EBITDA ¥26.36 ¥34.66 ¥42.96 54
EV/Revenue ¥15.10 ¥20.95 ¥26.79 43
Asset-Based
NCAV (Graham) ¥7.21 ¥9.66 ¥14.42 50
Growth DCF
Growth DCF ¥20.46 ¥37.62 ¥65.27 80
Rev-Margin DCF ¥19.76 ¥34.20 ¥64.42 74
Economic Profit
Residual Income ¥12.33 ¥13.51 ¥18.84 76
ROIC Compounder ¥13.73 ¥17.60 ¥22.29 72
Growth Earnings
Growth-Adj P/E ¥44.62 ¥63.75 ¥82.87 68

Widest divergence: Growth Earnings (¥63.75) versus Dividend Discount (¥6.99). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) +11.5%
Net margin 17.4%
Return on equity 8.2%
Free cash flow 246M CNY FY2025
P/E ratio 29.5
More key figures
Operating margin 26.1%
EPS (TTM) ¥1.37
Dividend yield 0.8%
EPS growth (YoY) -6.1%
Net debt 215M CNY FY2024

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 61 · Market factors (momentum, volatility) 29

Profitability 51
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 72
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

Eyebright Medical Technology (Beijing) Co., Ltd. engages in development, production, and commercialization of ophthalmic medical devices in China and internationally.

Full company description

Eyebright Medical Technology (Beijing) Co., Ltd. engages in development, production, and commercialization of ophthalmic medical devices in China and internationally. The company offers intraocular, trimmers, capsular tension ring, defocus lense, orthokeratology, and contact lenses in the areas of surgical treatment, myopia management, and consumer vision care. It also provides solutions for ophthalmic surgery, refractive error correction, and optometry consumption. Eyebright Medical Technology (Beijing) Co., Ltd. was founded in 2010 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eyebright Medical Technology (Beijing) Co reported revenue of ¥1.5B in FY2025 versus ¥433M in FY2021, a compound +36.0%/yr. Reported net income was ¥265M in FY2025, compounding +11.6%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
+5.2%
Avg. growth/yr (3Y)
+36.8%
Avg. growth/yr (5Y)
+40.3%
Avg. growth/yr (9Y)
+48.0%
Revenue +36.0%/yr
FY21 ¥433M
FY22 ¥579M
FY23 ¥951M
FY24 ¥1.4B
FY25 ¥1.5B
Net income +11.6%/yr
FY21 ¥171M
FY22 ¥233M
FY23 ¥304M
FY24 ¥388M
FY25 ¥265M

688050 screens 41% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Eyebright Medical Technology (Beijing) Co Fair Value". https://www.fairvalue-calculator.com/stock/688050

Peer Group

Medical Instruments & Supplies · 203 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 59 · Above median
Fair Value upside −41% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 29.5× · Pricier than median
P/B 2.80× · Pricier than median
P/S (TTM) 5.13× · Pricier than 75% of peers
P/FCF 4.7× · Cheaper than median
EV/EBITDA 14.2× · Pricier 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 0
FUTURE 58 · sector 27
PAST 33 · sector 25
HEALTH 94 · sector 96
DIVIDEND 16 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Eyebright Medical Technology (Beijing) Co (688050) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥24.37 versus a price of ¥41.06, about −41% (overvalued).
What is the fair value of 688050?
Our model-based fair value for Eyebright Medical Technology (Beijing) Co is ¥24.37 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥41.06.
What is the quality score of 688050?
Eyebright Medical Technology (Beijing) Co has a Quality Score of 59/100. 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 Eyebright Medical Technology (Beijing) Co (688050)?
Eyebright Medical Technology (Beijing) Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688050?
The net profit margin of Eyebright Medical Technology (Beijing) Co is about 17.4%, meaning it keeps roughly 17.4% of revenue as net income. Based on the latest reported figures.
Does Eyebright Medical Technology (Beijing) Co pay a dividend?
Eyebright Medical Technology (Beijing) Co currently shows a dividend yield of about 0.80% relative to its recent price (as of Jul 12, 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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