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Beijing Succeeder Technology Inc (688338) Fair Value & Analysis

Healthcare · CN · Market cap 2.6B CNY

BS Beijing Succeeder Technology Inc 688338 · SHG
Price¥30.46
Fair Value¥18.06
Upside-40.7%
Quality67/100
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Mixed Growth
Highly profitable · 33.7% net margin
generates free cash flow
1.04% dividend yield
Mixed vs. peers (6/13)
Wide moat 65/100
Evidence: High Range ¥13.55 – ¥22.58 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 30 days ago

Share price +3.6% 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 (¥22.58). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥45.25 ¥18.91 Fair Value ¥18.06 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 ¥18.91 – ¥45.25 · fair‑value band ¥13.55 – ¥22.58 · the ¥30.46 price screens above the ¥18.06 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Beijing Succeeder Technology Inc (688338) currently trades at ¥30.46, while our model-based Fair Value estimate is ¥18.06, implying the stock looks roughly 40.7% overvalued today. The Quality Score stands at 67/100 (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: high).

Over the trailing twelve months, Beijing Succeeder Technology Inc generated revenue of 255M CNY at a net margin of 33.7%. Revenue declined 12.2% year over year. It earns a return on equity of 5.1%. The balance sheet holds a net cash position of 1.1B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥13.55 (bear case) to ¥22.58 (bull case); at ¥30.46, 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 15% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -41%, 688338 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.

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
Residual Income ¥12.10 ¥12.23 ¥11.62 76
Growth DCF ¥11.99 ¥13.98 ¥16.68 72
Gordon GGM ¥2.84 ¥5.66 ¥8.57 70
All 26 models by family
DCF Models
FCF DCF ¥11.91 ¥14.14 ¥17.35 38
Owner Earnings ¥13.93 ¥17.16 ¥21.78 31
5Y Revenue Exit ¥12.15 ¥14.97 ¥18.52 39
5Y EBITDA Exit ¥15.43 ¥21.01 ¥27.47 41
5Y P/E Exit ¥16.61 ¥23.18 ¥30.00 38
10Y Revenue Exit ¥11.86 ¥14.36 ¥17.63 36
10Y EBITDA Exit ¥14.05 ¥18.43 ¥24.21 37
10Y P/E Exit ¥14.77 ¥19.89 ¥26.07 35
Earnings-Based
Graham-Dodd ¥5.58 ¥16.07 ¥21.20 54
Lynch FV ¥3.31 ¥4.73 ¥6.15 50
PEG = 1.0 ¥3.31 ¥4.73 ¥6.15 46
EPV ¥14.85 ¥16.03 ¥17.05 59
Dividend Discount
Gordon GGM ¥2.84 ¥5.66 ¥8.57 70
DDM Multi-Stage ¥2.84 ¥4.46 ¥5.97 61
Multiples
P/E Multiple ¥13.55 ¥18.06 ¥22.58 63
P/S Multiple ¥6.52 ¥8.69 ¥10.87 58
P/B Multiple ¥10.47 ¥13.96 ¥17.45 55
EV/EBIT ¥19.74 ¥23.87 ¥28.00 53
EV/EBITDA ¥18.79 ¥22.61 ¥26.43 54
EV/Revenue ¥12.56 ¥14.80 ¥17.03 43
Asset-Based
NCAV (Graham) ¥7.96 ¥10.67 ¥15.92 50
Growth DCF
Growth DCF ¥11.99 ¥13.98 ¥16.68 72
Rev-Margin DCF ¥12.15 ¥14.98 ¥18.16 67
Economic Profit
Residual Income ¥12.10 ¥12.23 ¥11.62 76
ROIC Compounder ¥14.85 ¥16.09 ¥18.01 67
Growth Earnings
Growth-Adj P/E ¥10.86 ¥15.52 ¥20.17 68

Widest divergence: DCF Models (¥17.16) versus Dividend Discount (¥4.46). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 255M CNY
Revenue growth (YoY) -12.2%
Net margin 33.7%
Return on equity 5.1%
Free cash flow 45.7M CNY FY2025
P/E ratio 30.4
More key figures
Operating margin 32.9%
EPS (TTM) ¥0.8200
Dividend yield 1.0%
EPS growth (YoY) -13.6%
Net cash 1.1B CNY FY2024

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 67 · Market factors (momentum, volatility) 58

Profitability 40
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 92
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 Succeeder Technology Inc. engages in the research and development, manufacture, and sale of in-vitro diagnostic products in China and internationally. The company offers coagulation testers, hemorheology testers, erythrocyte sedimentation testers, platelet aggregation testers, diagnostic reagents, quality control products.

Full company description

Beijing Succeeder Technology Inc. engages in the research and development, manufacture, and sale of in-vitro diagnostic products in China and internationally. The company offers coagulation testers, hemorheology testers, erythrocyte sedimentation testers, platelet aggregation testers, diagnostic reagents, quality control products. Its products are used in the prevention, screening, diagnosis, and monitoring of thrombophilia, coronary heart disease, venous thromboembolism, and other thrombotic and bleeding disorders. Beijing Succeeder Technology Inc. was founded in 2003 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Succeeder Technology Inc reported revenue of ¥264M in FY2025 versus ¥240M in FY2021, a compound +2.4%/yr. Reported net income was ¥87.1M in FY2025, compounding −2.7%/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)
264M CNY
Latest YoY
−13.8%
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.
+4.8%
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.
+3.5%
Avg. growth/yr (9Y) 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.
+8.6%
Revenue +2.4%/yr
FY21 ¥240M
FY22 ¥229M
FY23 ¥275M
FY24 ¥306M
FY25 ¥264M
Net income −2.7%/yr
FY21 ¥97.4M
FY22 ¥104M
FY23 ¥117M
FY24 ¥113M
FY25 ¥87.1M

688338 screens 41% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Beijing Succeeder Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/688338

Peer Group

Medical Devices · 352 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 67 · Top 25%
Fair Value upside −41% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 34% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 1.0% · Below median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 30.4× · Pricier than median
P/B 1.56× · Cheaper than median
P/S (TTM) 10.37× · Pricier than 75% of peers
P/FCF 8.6× · Pricier than median
EV/EBITDA 19.9× · 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 0 · sector 29
PAST 20 · sector 8
HEALTH 0 · sector 97
DIVIDEND 21 · sector 38

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 12, 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 Succeeder Technology Inc (688338) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥18.06 versus a price of ¥30.46, about −41% (overvalued).
What is the fair value of 688338?
Our model-based fair value for Beijing Succeeder Technology Inc is ¥18.06 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥30.46.
What is the quality score of 688338?
Beijing Succeeder Technology Inc has a Quality Score of 67/100. 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 Succeeder Technology Inc (688338)?
Beijing Succeeder Technology Inc reported trailing-twelve-month revenue of about 255M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688338?
The net profit margin of Beijing Succeeder Technology Inc is about 33.7%, meaning it keeps roughly 33.7% of revenue as net income. Based on the latest reported figures.
Does Beijing Succeeder Technology Inc pay a dividend?
Beijing Succeeder Technology Inc currently shows a dividend yield of about 1.04% 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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