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Shandong New Beiyang Information Technology Co Ltd (002376) Fair Value & Analysis

Industrials · CN · Market cap 5.0B CNY (≈ $750M) · ISIN CNE100000M62

What is Shandong New Beiyang Information Technology Co Ltd really worth?

SN Shandong New Beiyang Information Technology Co Ltd 002376 · SHE
Price¥6.68
Fair Value¥1.79
Upside−73.3%
Quality37/100

Below-average quality, and trading another 274% above our fair value of ¥1.79.

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Risks

!Expensive Growth (revenue 5y +3.1 %/yr)
!Thin margins · 2.7% net margin
!Low debt · negative free cash flow
!Trails peers (3/13)
!Narrow moat 24/100
!Evidence only low, so the estimate is less certain
!Weak on past: 13 out of 100

For context

·2.99% dividend yield
Evidence: Low Range ¥1.25 – ¥2.15

Fair value as of: Aug 29, 2026

From 17 valuation models · updated 7 days ago

Share price +5.0% 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 sits above even our optimistic bull case (¥2.15). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

¥8.37 ¥4.36 Fair Value ¥1.79 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range ¥4.36 – ¥8.37 · fair‑value band ¥1.25 – ¥2.15 · the ¥6.68 price screens above the ¥1.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Shandong New Beiyang Information Technology Co Ltd (002376) currently trades at ¥6.68, while our model-based Fair Value estimate is ¥1.79, implying the stock looks roughly 274.3% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥5.82 per share, and 0 of the 17 models we run sit above the ¥6.68 price. Bear case: the Economic Profit group reads lowest at ¥0.9900, and 17 of the 17 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Shandong New Beiyang Information Technology Co Ltd generated revenue of 2.9B CNY at a net margin of 2.7%. Revenue grew 28.0% year over year. It earns a return on equity of 3.2%. The balance sheet holds a net cash position of 228M CNY. Fundamentals as of Aug 29, 2026

Our scenario range runs from ¥1.25 (bear case) to ¥2.15 (bull case); at ¥6.68, 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 22% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −73%, 002376 screens richer than that median.

Fair Value models

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
Residual Income ¥3.28 ¥3.15 ¥2.46 76
Owner Earnings ¥3.63 ¥5.82 ¥9.51 75
EPV ¥0.9600 ¥0.9900 ¥1.01 74
All 17 models by family
DCF Models
Owner Earnings ¥3.63 ¥5.82 ¥9.51 75
Earnings-Based
Graham-Dodd ¥0.6300 ¥2.97 ¥4.08 64
Lynch FV ¥0.7900 ¥1.12 ¥1.46 61
PEG = 1.0 ¥0.7900 ¥1.12 ¥1.46 57
EPV ¥0.9600 ¥0.9900 ¥1.01 74
Dividend Discount
Gordon GGM ¥1.83 ¥3.66 ¥5.54 67
DDM Multi-Stage ¥1.83 ¥3.16 ¥3.86 67
Multiples
P/E Multiple ¥1.95 ¥2.60 ¥3.25 63
P/S Multiple ¥1.18 ¥1.58 ¥1.97 58
P/B Multiple ¥1.18 ¥1.58 ¥1.97 55
EV/EBIT ¥1.15 ¥1.26 ¥1.38 66
EV/EBITDA ¥3.80 ¥4.79 ¥5.79 67
EV/Revenue ¥0.9800 ¥1.05 ¥1.13 54
Asset-Based
NCAV (Graham) ¥2.35 ¥3.14 ¥4.69 54
Economic Profit
Residual Income ¥3.28 ¥3.15 ¥2.46 76
ROIC Compounder ¥0.9600 ¥0.9900 ¥1.01 72
Growth Earnings
Growth-Adj P/E ¥1.47 ¥2.10 ¥2.73 67

Widest divergence: DCF Models (¥5.82) versus Economic Profit (¥0.9900). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 66.8
P/S ratio 1.80 P/E × margin
EPS (TTM) ¥0.1000 price ÷ EPS = P/E 66.8
Dividend yield 3.0% payout 200%
Net margin 2.7% FY2025
Return on equity 3.2% TTM
More key figures
Profitability
Return on assets (EBIT) 1.2% avg 5y
Operating margin −1.0% TTM
Growth
Revenue (TTM) 2.9B CNY TTM
Revenue growth (YoY) +28.0% 3y avg +7.0%
EPS growth (YoY) +93.4%
Balance sheet & cash flow
Free cash flow −8.1M CNY FY2025
Net cash 228M CNY FY2024

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 37 · Market factors (momentum, volatility) 45

Profitability 23
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 0
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

Shandong New Beiyang Information Technology Co., Ltd. engages in the research and development, production, sale, and service of thermal printing, identification, and smart system integration products in China. The company offers smart finance, smart logistics, smart retail, and other industries solutions.

Full company description

Shandong New Beiyang Information Technology Co., Ltd. engages in the research and development, production, sale, and service of thermal printing, identification, and smart system integration products in China. The company offers smart finance, smart logistics, smart retail, and other industries solutions. It also provides portable printer, receipt printer, label printer, embedded printer, printer mechanism, and green products; document scanner, embedded scanner, and scanner; cash recycling, and movement; and card copier, and laser printer. In addition, the company offers self-service ticket, and machines; traffic police autonomous penalty system medical service system, and government service system; small telescopic machine; cross belt, balance wheel, and sorting cabinet; delivery services; DWS, static bubble counter, and portable bubble counting; express lockers, food cabinet, and cold chain cabinet; and XY vending machine, and traditional vending machines. It serves logistics, finance, and other industries. The company also exports its products to various countries and regions in Europe, North and South America, and the Asia-Pacific. Shandong New Beiyang Information Technology Co., Ltd. was founded in 2002 and is based in Weihai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong New Beiyang Information Technology Co Ltd reported revenue of 2.8B CNY in FY2025 versus 2.6B CNY in FY2021, a compound +1.3%/yr. Reported net income was 75.3M CNY in FY2025, compounding −15.2%/yr from FY2021.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.8B CNY
Latest YoY
+17.3%
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.
+7.0%
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.
+3.1%
Avg. revenue growth/yr (19Y) 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.
+17.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−16.8% (−19.8 + 3.0)
Revenue +1.3%/yr
FY21 2.6B CNY
FY22 2.3B CNY
FY23 2.2B CNY
FY24 2.4B CNY
FY25 2.8B CNY
Net income −15.2%/yr
FY21 146M CNY
FY22 −25.7M CNY
FY23 19.3M CNY
FY24 48.5M CNY
FY25 75.3M CNY
Character of growth · EPS growth decomposed (2013-2024) −18.9 % p.a.
Revenue per share +7.9 %

of which total revenue +8.9 % · buybacks/dilution −0.9 %

EBIT margin −17.5 %
Tax rate +0.1 %
Residual (interest, one-offs) −8.9 %

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).

002376 screens 274% overvalued. Compare with GRG Banking Equipment Co →

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Cite: Fair Value Calculator (2026). "Shandong New Beiyang Information Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002376

Peer Group

Business Equipment & Supplies · 74 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 37 · Bottom 25%
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 0% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) −1% · Below median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/E (TTM) 66.8× · Pricier than 75% of peers
P/B 1.32× · Pricier than median
P/S (TTM) 1.72× · Pricier than median
EV/EBITDA 28.1× · Pricier than 75% of peers

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
VALUE0 · sector 31
FUTURE100 · sector 19
PAST13 · sector 19
HEALTH99 · sector 98
DIVIDEND60 · sector 52

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

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Shenzhen Comix Group 002301 ¥7.99 ¥3.01 −62%
Cashway Fintech Co 603106 ¥7.21 ¥1.68 −77%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥11.00 ¥21.12 +92%
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A FILA €10.70 €7.14 −33%

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Frequently asked questions

Is Shandong New Beiyang Information Technology Co Ltd (002376) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of ¥1.79 versus a price of ¥6.68, about −73% upside (overvalued).
What is the fair value of 002376?
Our model-based fair value for Shandong New Beiyang Information Technology Co Ltd is ¥1.79 (as of Aug 29, 2026), built from audited fundamentals. The current price: ¥6.68.
What is the quality score of 002376?
Shandong New Beiyang Information Technology Co Ltd has a Quality Score of 37/100. 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 Shandong New Beiyang Information Technology Co Ltd (002376)?
Shandong New Beiyang Information Technology Co Ltd reported trailing-twelve-month revenue of about 2.9B CNY (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 002376?
The net profit margin of Shandong New Beiyang Information Technology Co Ltd is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does Shandong New Beiyang Information Technology Co Ltd pay a dividend?
Shandong New Beiyang Information Technology Co Ltd currently shows a dividend yield of about 2.99% relative to its recent price (as of Aug 29, 2026).
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