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Beijing New Building Materials Public Ltd Co (000786) Fair Value & Analysis

Industrials · CN · Market cap 35.6B CNY (≈ $5.3B) · ISIN CNE000000QS4

What is Beijing New Building Materials Public Ltd Co really worth?

BN Beijing New Building Materials Public Ltd Co 000786 · SHE
Price¥16.28
Fair Value¥31.73
Upside+94.9%
Quality61/100

A solid business, trading 49% below our fair value of ¥31.73.

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Strengths

Solidly profitable · 11.4% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)

Risks

!Mixed Growth (revenue 5y +8.4 %/yr)
!Moderate moat 54/100

For context

·4.21% dividend yield
Evidence: High Range ¥23.67 – ¥39.78

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −13.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (¥23.67). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

¥41.99 ¥16.28 Fair Value ¥31.73 Mar 2021 Sep 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 ¥16.28 – ¥41.99 · fair‑value band ¥23.67 – ¥39.78 · the ¥16.28 price screens below the ¥31.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Beijing New Building Materials Public Ltd Co (000786) currently trades at ¥16.28, while our model-based Fair Value estimate is ¥31.73, implying the stock looks roughly 48.7% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥44.16 per share, and 23 of the 26 models we run sit above the ¥16.28 price. Bear case: the Asset-Based group reads lowest at ¥10.69, and 3 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Beijing New Building Materials Public Ltd Co generated revenue of 25.2B CNY at a net margin of 11.4%. Revenue declined 1.3% year over year. It earns a return on equity of 10.4%. Net debt stands at 829M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥23.67 (bear case) to ¥39.78 (bull case); at ¥16.28, the current price sits below 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 95%, 000786 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.6801 per share, which is 2.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF ¥25.11 ¥47.52 ¥88.50 76
Growth DCF ¥24.70 ¥44.58 ¥79.52 75
EPV ¥17.04 ¥19.75 ¥22.11 74
All 26 models by family
DCF Models
FCF DCF ¥25.11 ¥47.52 ¥88.50 76
Owner Earnings ¥23.36 ¥44.16 ¥82.19 73
5Y Revenue Exit ¥20.27 ¥35.49 ¥56.52 71
5Y EBITDA Exit ¥24.41 ¥44.34 ¥70.00 73
5Y P/E Exit ¥25.71 ¥47.12 ¥72.39 69
10Y Revenue Exit ¥21.06 ¥36.35 ¥60.68 65
10Y EBITDA Exit ¥24.46 ¥42.98 ¥72.39 66
10Y P/E Exit ¥25.34 ¥45.06 ¥74.46 62
Earnings-Based
Graham-Dodd ¥11.61 ¥60.87 ¥84.23 63
Lynch FV ¥16.71 ¥23.87 ¥31.03 61
PEG = 1.0 ¥16.71 ¥23.87 ¥31.03 57
EPV ¥17.04 ¥19.75 ¥22.11 74
Dividend Discount
Gordon GGM ¥7.88 ¥16.39 ¥26.00 66
DDM Multi-Stage ¥7.88 ¥13.82 ¥17.20 66
Multiples
P/E Multiple ¥26.89 ¥35.86 ¥44.82 63
P/S Multiple ¥21.77 ¥29.03 ¥36.28 58
P/B Multiple ¥21.77 ¥29.03 ¥36.28 55
EV/EBIT ¥24.96 ¥33.01 ¥41.06 66
EV/EBITDA ¥25.68 ¥33.97 ¥42.26 67
EV/Revenue ¥18.04 ¥25.43 ¥32.82 54
Asset-Based
NCAV (Graham) ¥7.98 ¥10.69 ¥15.96 54
Growth DCF
Growth DCF ¥24.70 ¥44.58 ¥79.52 75
Rev-Margin DCF ¥20.27 ¥35.05 ¥54.93 71
Economic Profit
Residual Income ¥14.33 ¥16.14 ¥26.39 74
ROIC Compounder ¥17.70 ¥24.33 ¥30.98 72
Growth Earnings
Growth-Adj P/E ¥24.88 ¥35.54 ¥46.20 67

Widest divergence: DCF Models (¥44.16) versus Asset-Based (¥10.69). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 9.6
P/S ratio 1.11 P/E × margin
EPS (TTM) ¥1.69 price ÷ EPS = P/E 9.6
Dividend yield 4.2% payout 40.5%
Net margin 11.5% FY2025
Return on equity 10.4% TTM
More key figures
Profitability
Return on assets (EBIT) 11.7% avg 5y
Operating margin 14.5% TTM
Growth
Revenue (TTM) 25.2B CNY TTM
Revenue growth (YoY) −1.3% 3y avg +7.7%
EPS growth (YoY) −5.2%
Balance sheet & cash flow
Free cash flow 3.1B CNY FY2025
Net debt 829M CNY FY2025 · ≈ 0.3 yrs of FCF

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 26

Profitability 47
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Beijing New Building Materials Public Limited Company, together with its subsidiaries, manufactures and sells building materials in China. It operates through Light Building Material, Water-Proof Building Material, and Coatings and Building Material divisions.

Full company description

Beijing New Building Materials Public Limited Company, together with its subsidiaries, manufactures and sells building materials in China. It operates through Light Building Material, Water-Proof Building Material, and Coatings and Building Material divisions. The company offers gypsum board products, such as fire-resistant, water-resistant, formaldehyde-removal, anti-cracking and anti-sagging, perforated, and phase-change gypsum boards; multifunctional, mineral wool, and fiber cement boards; light steel and T-grid studs; internal and exterior paintings; joint compound gypsum, binders, leveling putty, putty powder, and self-leveling gypsum; insulating materials, such as rock wool board and felt, and granulated wool; waterproof materials; flooring products, including commercial heterogeneous vinyl sheets, special and sports flooring, vinyl planks, homogeneous vinyl flooring, and ninyl composition tiles; and ceiling and partition accessories, as well as special tools, keels, and architectural and industrial coatings. It also provides interior wall systems, such as ordinary partition, fire- and water-resistant, sound absorption, CH stud shaft, and veneer wall systems; standard, functional, and decorative ceiling systems; and exterior wall systems. In addition, the company engages in the manufacturing and sale of mortar, architectural hardware, and paint; import and export of building materials; wastewater treatment; environmental protection technology consulting; waterproofing construction; and new material technology promotion services. Its products are used in public buildings, home decorations, renovation, subway tunnels, and industrial buildings. Beijing New Building Materials Public Limited Company was founded in 1979 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 New Building Materials Public Ltd Co reported revenue of 25.2B CNY in FY2025 versus 21.1B CNY in FY2021, a compound +4.5%/yr. Reported net income was 2.9B CNY in FY2025, compounding −4.6%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
25.2B CNY
Latest YoY
−2.5%
Avg. revenue 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.
+7.7%
Avg. revenue 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.
+8.4%
Avg. revenue growth/yr (31Y) 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.
+16.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+4.5% (0.3 + 4.2)
Revenue +4.5%/yr
FY21 21.1B CNY
FY22 20.2B CNY
FY23 22.4B CNY
FY24 25.8B CNY
FY25 25.2B CNY
Net income −4.6%/yr
FY21 3.5B CNY
FY22 3.1B CNY
FY23 3.5B CNY
FY24 3.6B CNY
FY25 2.9B CNY
Character of growth · EPS growth decomposed (2014-2025) +11.1 % p.a.
Revenue per share +10.6 %

of which total revenue +13.2 % · buybacks/dilution −2.3 %

EBIT margin −2.6 %
Tax rate +1.1 %
Residual (interest, one-offs) +2.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Beijing New Building Materials Public Ltd Co Fair Value". https://www.fairvalue-calculator.com/stock/000786

Peer Group

Building Products & Equipment · 243 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 61 · Above median
Fair Value upside +95% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth −1% · Below median
Dividend yield (TTM) 4.2% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than 75% of peers
P/B 1.31× · Pricier than median
P/S (TTM) 1.41× · Pricier than median
P/FCF 1.7× · Cheaper than median
EV/EBITDA 8.0× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 11
PAST42 · sector 25
HEALTH100 · sector 95
DIVIDEND84 · sector 41

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

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%

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Frequently asked questions

Is Beijing New Building Materials Public Ltd Co (000786) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥31.73 versus a price of ¥16.28, about +95% upside (undervalued).
What is the fair value of 000786?
Our model-based fair value for Beijing New Building Materials Public Ltd Co is ¥31.73 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥16.28.
What is the quality score of 000786?
Beijing New Building Materials Public Ltd Co has a Quality Score of 61/100. 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 New Building Materials Public Ltd Co (000786)?
Beijing New Building Materials Public Ltd Co reported trailing-twelve-month revenue of about 25.2B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 000786?
The net profit margin of Beijing New Building Materials Public Ltd Co is about 11.4%, meaning it keeps roughly 11.4% of revenue as net income. Based on the latest reported figures.
Does Beijing New Building Materials Public Ltd Co pay a dividend?
Beijing New Building Materials Public Ltd Co currently shows a dividend yield of about 4.21% relative to its recent price (as of Aug 13, 2026).
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