Beisen Holding Ltd (9669) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Beisen Holding Ltd HK$3.80, price HK$3.24, upside +17.3%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
42‑month range HK$2.98 – HK$26.10 · fair‑value band HK$2.95 – HK$4.88 · the HK$3.24 price screens below the HK$3.80 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Beisen Holding Limited, an investment holding company, provides cloud-based human capital management (HCM) solutions in the People's Republic of China. The company operates iTalentX platform that delivers cloud-based HCM solutions for enterprises to recruit, evaluate, manage, develop, and retain talents.
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Beisen Holding Limited, an investment holding company, provides cloud-based human capital management (HCM) solutions in the People's Republic of China. The company operates iTalentX platform that delivers cloud-based HCM solutions for enterprises to recruit, evaluate, manage, develop, and retain talents. It also provides professional services; and employee stock holding platform. Beisen Holding Limited was founded in 2002 and is headquartered in Chengdu, the People's Republic of China.
Stock analysis
Beisen Holding Ltd (9669) currently trades at HK$3.24, while our model-based Fair Value estimate is HK$3.80, implying the stock looks roughly 14.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$4.65 per share, and 6 of the 7 models we run sit above the HK$3.24 price.
Bear case: the Asset-Based group reads lowest at HK$1.19, and 1 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$2.95 (bear) to HK$4.88 (bull), the price of HK$3.24 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Beisen Holding Ltd reported revenue of 1.1B CNY in FY2026 versus 680M CNY in FY2022, a compound +12.9%/yr. Reported net income was −23.4M CNY in FY2026.
Key figures
Market cap HK$2.6B (≈ $326M) · P/S ratio 2.31 · EPS (TTM) HK$−0.0300 · Net margin −2.1% · Return on equity −2.2% · Return on assets (EBIT) −12.7% · Operating margin −2.9% · Revenue (TTM) 1.1B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 17%, 9669 screens cheaper than that median.
Fair Value models
Bear HK$2.95Fair Value HK$3.80Bull HK$4.88
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.7%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.8%
’20
’21
’22
’23
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’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−25.4% (2021) → −3.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−10.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −11.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Application · 699 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+17.3% · Above median
Profitability
Return on assets−1.5% · Below median
Net margin (TTM)−2.1% · Below median
Operating margin (TTM)−2.9% · Below median
Growth and dividend
Revenue growth15.8% · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
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Is Beisen Holding Ltd (9669) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$3.80 versus a price of HK$3.24, about +17% upside (undervalued).
What is the fair value of 9669?
Our model-based fair value for Beisen Holding Ltd is HK$3.80 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$3.24.
What is the quality score of 9669?
Beisen Holding Ltd has a Quality Score of 58/100. 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 price target for Beisen Holding Ltd (9669)?
Our model-based price target is the fair value of HK$3.80 (as of Sep 27, 2026) from 7 valuation models. Cautious scenario HK$2.95, optimistic scenario HK$4.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Beisen Holding Ltd stock forecast for 2026?
Our models put fair value at HK$3.80, about +17% upside versus a price of HK$3.24 (undervalued). Cautious scenario HK$2.95, optimistic scenario HK$4.88. The calculation is refreshed regularly with new filings.
What is the revenue of Beisen Holding Ltd (9669)?
Beisen Holding Ltd reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Sep 27, 2026).
What growth is priced into Beisen Holding Ltd (9669)?
For today's price to be fair in a discounted-cash-flow model, Beisen Holding Ltd would have to grow free cash flow by -10.2 % per year for five years (discount rate 14.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.7 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 9669 use?
Our models discount Beisen Holding Ltd at 14.3 %: a base by market capitalisation (small), damped by beta 1.97, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Beisen Holding Ltd that is -10.2 % per year a year over ten years, using the same discount rate (14.3 %) and the same formula as our fair value.
How much growth has Beisen Holding Ltd (9669) delivered so far?
Over the past 5 years revenue at Beisen Holding Ltd grew +14.7 % a year. The price currently implies -10.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Beisen Holding Ltd (9669) growing?
The median revenue growth in the sector is +9.0 % a year. That is the yardstick for the growth priced into Beisen Holding Ltd (-10.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Beisen Holding Ltd (9669)?
The free-cash-flow yield on the price is 6.00 %: that much free cash flow Beisen Holding Ltd produces per unit of market value. When it exceeds the discount rate of our models (14.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Beisen Holding Ltd (9669)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Beisen Holding Ltd it is HK$3.80 per share (as of Sep 27, 2026), against a price of HK$3.24. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Beisen Holding Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 9669 trades below its calculated fair value: price HK$3.24, fair value HK$3.80, a gap of about +17% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 9669?
No. The price is what the market pays today (HK$3.24); the fair value is what the company's own numbers justify (HK$3.80). For Beisen Holding Ltd the two are HK$0.5600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Beisen Holding Ltd worth?
The market values Beisen Holding Ltd at about HK$2.6B (market capitalisation, as of Sep 27, 2026). Per share that is HK$3.24; our models calculate a fair value of HK$3.80 per share.
What do the bullish and bearish scenarios say about 9669?
Our models span a range for Beisen Holding Ltd: cautious scenario HK$2.95, base HK$3.80, optimistic HK$4.88 per share (as of Sep 27, 2026, price HK$3.24). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Beisen Holding Ltd (9669)?
Balance-sheet figures for Beisen Holding Ltd (as of Sep 27, 2026): return on equity −2.2%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 9669 from its 52-week high?
Beisen Holding Ltd trades at HK$3.24, about 63% below its 52-week high of HK$8.71 and 8% above the low of HK$2.99 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$3.80 is for.
Which stocks are comparable to Beisen Holding Ltd?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Beisen Holding Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$3.24, calculated fair value HK$3.80 (+17%), Quality Score 58/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 9669 calculated?
We run Beisen Holding Ltd through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$3.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Beisen Holding Ltd currently trades 15 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Beisen Holding Ltd (9669)?
The closing price on Sep 30, 2026 was HK$3.24. Our model-based fair value is HK$3.80, about +17% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Beisen Holding Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Beisen Holding Ltd
How large is the market capitalisation of Beisen Holding Ltd (9669)?
The market capitalisation of Beisen Holding Ltd is HK$2.6B (≈ $326M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Beisen Holding Ltd (9669)?
The price-to-sales ratio of Beisen Holding Ltd is 2.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Beisen Holding Ltd (9669)?
Earnings per share at Beisen Holding Ltd are HK$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Beisen Holding Ltd (9669)?
The net margin of Beisen Holding Ltd is −2.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Beisen Holding Ltd (9669)?
The return on equity (ROE) of Beisen Holding Ltd is −2.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Beisen Holding Ltd (9669)?
On an EBIT basis the return on assets of Beisen Holding Ltd is −12.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Beisen Holding Ltd (9669)?
The operating margin of Beisen Holding Ltd is −2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Beisen Holding Ltd (9669)?
Revenue at Beisen Holding Ltd is growing +15.8% versus a year earlier (3y avg +13.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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