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Beijing Chunlizhengda Medical Instruments Co (688236) Fair Value & Analysis

Healthcare · CN · Market cap 5.8B CNY

BC Beijing Chunlizhengda Medical Instruments Co 688236 · SHG
Price¥15.12
Fair Value¥15.37
Upside+1.7%
Quality79/100
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Mixed Growth
Highly profitable · 26.7% net margin
generates free cash flow
2.44% dividend yield
Ranks above peers (10/13)
Wide moat 69/100
Evidence: Medium Range ¥11.72 – ¥18.47 Share as image

Fair value as of: Jul 7, 2026

From 26 valuation models · updated 34 days ago

Fair value updated Jul 7, 2026, revised from ¥20.86 to ¥15.37 (−26.3%) since Jun 24, 2026. Share price −0.2% over the past month.

A strong 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 ¥11.72 (bear) to ¥18.47 (bull), base ¥15.37. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 79/100 (high quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥35.15 ¥10.31 Fair Value ¥15.37 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.

How to read this chart

55‑month range ¥10.31 – ¥35.15 · fair‑value band ¥11.72 – ¥18.47 · the ¥15.12 price screens below the ¥15.37 fair value. Dashed = 300-day average. As of Jul 7, 2026.

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Analysis

Beijing Chunlizhengda Medical Instruments Co (688236) currently trades at ¥15.12, while our model-based Fair Value estimate is ¥15.37, implying the stock looks roughly 1.7% fairly valued today. The Quality Score stands at 79/100 (high quality), in the Healthcare 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: medium), always confirm before acting.

Over the trailing twelve months, Beijing Chunlizhengda Medical Instruments Co generated revenue of 1.0B CNY at a net margin of 26.7%. Revenue declined 5.6% year over year. It earns a return on equity of 9.3%. The balance sheet holds a net cash position of 1.1B CNY. Fundamentals as of Jul 7, 2026

Our scenario range runs from ¥11.72 (bear case) to ¥18.47 (bull case); at ¥15.12, 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 49% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at 2%, 688236 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
Residual Income ¥6.55 ¥7.12 ¥9.60 76
Growth DCF ¥15.63 ¥27.38 ¥45.36 72
Gordon GGM ¥0.4300 ¥0.8600 ¥1.29 70
All 26 models by family
DCF Models
FCF DCF ¥16.03 ¥25.77 ¥49.90 38
Owner Earnings ¥12.63 ¥21.74 ¥38.79 31
5Y Revenue Exit ¥11.52 ¥17.45 ¥25.71 39
5Y EBITDA Exit ¥13.60 ¥22.11 ¥33.31 41
5Y P/E Exit ¥15.19 ¥25.65 ¥38.42 38
10Y Revenue Exit ¥12.70 ¥19.07 ¥29.47 36
10Y EBITDA Exit ¥14.30 ¥22.57 ¥36.21 37
10Y P/E Exit ¥15.37 ¥25.24 ¥40.75 35
Earnings-Based
Graham-Dodd ¥4.83 ¥28.96 ¥40.37 54
Lynch FV ¥8.26 ¥11.79 ¥15.33 50
PEG = 1.0 ¥8.26 ¥11.79 ¥15.33 46
EPV ¥10.12 ¥11.14 ¥12.01 59
Dividend Discount
Gordon GGM ¥0.4300 ¥0.8600 ¥1.29 70
DDM Multi-Stage ¥0.4300 ¥0.7400 ¥0.9000 61
Multiples
P/E Multiple ¥11.72 ¥15.62 ¥19.53 63
P/S Multiple ¥7.15 ¥9.53 ¥11.91 58
P/B Multiple ¥9.05 ¥12.07 ¥15.09 55
EV/EBIT ¥13.71 ¥17.06 ¥20.41 53
EV/EBITDA ¥12.98 ¥16.08 ¥19.17 54
EV/Revenue ¥9.40 ¥11.85 ¥14.30 43
Asset-Based
NCAV (Graham) ¥3.90 ¥5.22 ¥7.79 50
Growth DCF
Growth DCF ¥15.63 ¥27.38 ¥45.36 72
Rev-Margin DCF ¥11.52 ¥17.30 ¥25.42 67
Economic Profit
Residual Income ¥6.55 ¥7.12 ¥9.60 76
ROIC Compounder ¥11.27 ¥14.45 ¥18.47 67
Growth Earnings
Growth-Adj P/E ¥12.27 ¥17.52 ¥22.78 68

Widest divergence: DCF Models (¥22.11) versus Dividend Discount (¥0.7400). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.0B CNY
Revenue growth (YoY) -5.6%
Net margin 26.7%
Return on equity 9.3%
Free cash flow 346M CNY FY2025
P/E ratio 21.2
More key figures
Operating margin 30.6%
EPS (TTM) ¥0.7100
Dividend yield 2.4%
EPS growth (YoY) +6.7%
Net cash 1.1B CNY FY2024

Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 79/100

Of which business quality 75 · Market factors (momentum, volatility) 26

Profitability 52
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 76
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 Chunlizhengda Medical Instruments Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of surgical implants, instruments, and related products in the People's Republic of China and internationally.

Full company description

Beijing Chunlizhengda Medical Instruments Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of surgical implants, instruments, and related products in the People's Republic of China and internationally. The company offers orthopedic medical devices and tissue repair products, including spine, trauma, joint, sports medicine, and bone repair material implants; surgical instrumentation products; platelet-rich plasma preparation kits; and closed wound negative pressure drainage kits. It also provides surgical robots; joint, spinal, sports medicine, trauma, oral care, and endoscopic products; orthopedic power products; and platelet-rich plasma preparation system products, as well as alloy materials and surgical powering equipment. The company exports its products to approximately 68 countries. The company was formerly known as Chunli Limited and changed its name to Beijing Chunlizhengda Medical Instruments Co., Ltd. in September 2010. Beijing Chunlizhengda Medical Instruments Co., Ltd. was incorporated in 1998 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 Chunlizhengda Medical Instruments Co reported revenue of ¥1.0B in FY2025 versus ¥1.1B in FY2021, a compound −1.5%/yr. Reported net income was ¥272M in FY2025, compounding −4.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0B CNY
Latest YoY
+29.5%
Avg. growth/yr (3Y)
−4.6%
Avg. growth/yr (5Y)
+2.2%
Avg. growth/yr (13Y)
+19.9%
Revenue −1.5%/yr
FY21 ¥1.1B
FY22 ¥1.2B
FY23 ¥1.2B
FY24 ¥806M
FY25 ¥1.0B
Net income −4.1%/yr
FY21 ¥322M
FY22 ¥308M
FY23 ¥278M
FY24 ¥125M
FY25 ¥272M

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Cite: Fair Value Calculator (2026). "Beijing Chunlizhengda Medical Instruments Co Fair Value". https://www.fairvalue-calculator.com/stock/688236

Peer Group

Medical Devices · 351 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 79 · Top 25%
Fair Value upside +2% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth -6% · Bottom 25%
Dividend yield (TTM) 2.4% · Above median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 21.2× · Cheaper than median
P/B 1.93× · Pricier than median
P/S (TTM) 5.57× · Pricier than 75% of peers
P/FCF 2.5× · Cheaper than median
EV/EBITDA 13.6× · Cheaper 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 36 · sector 0
FUTURE 0 · sector 27
PAST 37 · sector 8
HEALTH 0 · sector 97
DIVIDEND 49 · sector 38

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 Devices stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Beijing Chunlizhengda Medical Instruments Co (688236) overvalued or undervalued?
As of Jul 7, 2026, our model estimates a fair value of ¥15.37 versus a price of ¥15.12, about +2% (fairly valued).
What is the fair value of 688236?
Our model-based fair value for Beijing Chunlizhengda Medical Instruments Co is ¥15.37 (as of Jul 7, 2026), built from audited fundamentals. The current price is ¥15.12.
What is the quality score of 688236?
Beijing Chunlizhengda Medical Instruments Co has a Quality Score of 79/100. 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 Chunlizhengda Medical Instruments Co (688236)?
Beijing Chunlizhengda Medical Instruments Co reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 688236?
The net profit margin of Beijing Chunlizhengda Medical Instruments Co is about 26.7%, meaning it keeps roughly 26.7% of revenue as net income. Based on the latest reported figures.
Does Beijing Chunlizhengda Medical Instruments Co pay a dividend?
Beijing Chunlizhengda Medical Instruments Co currently shows a dividend yield of about 2.44% relative to its recent price (as of Jul 7, 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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