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Beijing United Information Technology Co (603613) Fair Value & Analysis

Technology · CN · Market cap 14.1B CNY

BU Beijing United Information Technology Co 603613 · SHG
Price¥18.91
Fair Value¥51.38
Upside+171.7%
Quality48/100
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Expensive Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 41/100
Evidence: Medium Range ¥35.58 – ¥64.22 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ¥36.70 to ¥51.38 (+40.0%) since Aug 11, 2026. Share price +8.1% over the past month.

Below-average quality, screening 172% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥35.58). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥35.58 to ¥64.22) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥88.31 ¥15.55 Fair Value ¥51.38 Mar 2021 Aug 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 ¥15.55 – ¥88.31 · fair‑value band ¥35.58 – ¥64.22 · the ¥18.91 price screens below the ¥51.38 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Beijing United Information Technology Co (603613) currently trades at ¥18.91, while our model-based Fair Value estimate is ¥51.38, implying the stock looks roughly 171.7% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology 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 United Information Technology Co generated revenue of 49.8B CNY at a net margin of 2.7%. Revenue declined 10.9% year over year. It earns a return on equity of 16.0%. The balance sheet holds a net cash position of 4.4B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥35.58 (bear case) to ¥64.22 (bull case); at ¥18.91, 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 43% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 172%, 603613 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 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
Growth DCF ¥12.87 ¥17.26 ¥24.44 80
Residual Income ¥12.48 ¥16.84 ¥55.34 76
ROIC Compounder ¥40.50 ¥54.04 ¥71.14 72
All 25 models by family
DCF Models
FCF DCF ¥13.15 ¥15.87 ¥24.51 38
Owner Earnings ¥31.72 ¥61.45 ¥123.86 31
5Y Revenue Exit ¥35.18 ¥61.45 ¥116.98 39
5Y EBITDA Exit ¥47.05 ¥85.45 ¥161.07 41
5Y P/E Exit ¥38.82 ¥84.98 ¥149.37 38
10Y Revenue Exit ¥27.89 ¥66.69 ¥96.22 36
10Y EBITDA Exit ¥37.98 ¥92.24 ¥192.63 37
10Y P/E Exit ¥31.97 ¥74.51 ¥147.87 35
Earnings-Based
Graham-Dodd ¥12.48 ¥87.02 ¥122.12 54
Lynch FV ¥44.96 ¥64.22 ¥83.49 50
PEG = 1.0 ¥44.96 ¥64.22 ¥83.49 46
EPV ¥35.04 ¥39.48 ¥43.36 59
Dividend Discount
Gordon GGM ¥1.91 ¥3.97 ¥6.30 70
DDM Multi-Stage ¥1.91 ¥3.35 ¥4.17 61
Multiples
P/E Multiple ¥38.53 ¥51.38 ¥64.22 63
P/S Multiple ¥23.40 ¥31.19 ¥38.99 58
P/B Multiple ¥23.40 ¥31.19 ¥38.99 55
EV/EBIT ¥70.68 ¥91.43 ¥112.19 53
EV/EBITDA ¥57.86 ¥74.34 ¥90.81 54
EV/Revenue ¥39.90 ¥53.39 ¥66.88 43
Asset-Based
NCAV (Graham) ¥6.31 ¥8.46 ¥12.63 50
Growth DCF
Growth DCF ¥12.87 ¥17.26 ¥24.44 80
Economic Profit
Residual Income ¥12.48 ¥16.84 ¥55.34 76
ROIC Compounder ¥40.50 ¥54.04 ¥71.14 72
Growth Earnings
Growth-Adj P/E ¥64.92 ¥92.74 ¥120.56 68

Widest divergence: Growth Earnings (¥92.74) versus Dividend Discount (¥3.35). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 49.8B CNY
Revenue growth (YoY) -10.9%
Net margin 2.7%
Return on equity 16.0%
Free cash flow 203M CNY FY2025
P/E ratio 10.3
More key figures
Operating margin 5.0%
EPS (TTM) ¥1.84
EPS growth (YoY) +2.7%
Net cash 4.4B CNY FY2024

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 27

Profitability 50
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 10
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.

About the company

Beijing United Information Technology Co.,Ltd., together with its subsidiaries, engages in the online commodity trading business in China. It operates through Coating Chemical Industry, Hygiene Products Industry, Glass Industry, Paper Industry, Fertilizer Industry, Grain and Oil Industry, and Others segments.

Full company description

Beijing United Information Technology Co.,Ltd., together with its subsidiaries, engages in the online commodity trading business in China. It operates through Coating Chemical Industry, Hygiene Products Industry, Glass Industry, Paper Industry, Fertilizer Industry, Grain and Oil Industry, and Others segments. The company operates Guolian Resources Network, an industrial information service platform that provides business information services to enterprises in various industries; Toodudu, Wdoodoo, Boododo, Zdoodoo, Feidoodoo, Lydodo, Xdoodoo, Yidoodoo, Lenglian, and Nedoodoo industrial e-commerce platforms, which provides online commodity trading services for upstream and downstream industries, such as coatings and chemicals, hygiene products, glass, papermaking, fertilizers, grains and oils, chips, medical devices, cold chain, and new energy; and Guolian Cloud, a digital technology service platform for industries and enterprises. It also engages in information technology services; investment management; and transportation services. Beijing United Information Technology Co.,Ltd. was founded in 2002 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 United Information Technology Co reported revenue of ¥51.0B in FY2025 versus ¥37.2B in FY2021, a compound +8.2%/yr. Reported net income was ¥1.3B in FY2025, compounding +23.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
51.0B CNY
Latest YoY
−4.9%
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.
+8.2%
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.
+24.3%
Avg. growth/yr (13Y) 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.
+58.7%
Revenue +8.2%/yr
FY21 ¥37.2B
FY22 ¥40.3B
FY23 ¥50.7B
FY24 ¥53.6B
FY25 ¥51.0B
Net income +23.0%/yr
FY21 ¥578M
FY22 ¥1.1B
FY23 ¥1.4B
FY24 ¥1.5B
FY25 ¥1.3B
Character of growth · EPS growth decomposed (2013-2024) +38.9 % p.a.
Revenue per share +53.7 pp

of which total revenue +89.2 pp · buybacks/dilution −35.4 pp

EBIT margin −7.2 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −7.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Beijing United Information Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603613

Peer Group

Information Technology Services · 488 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 48 · Below median
Fair Value upside +172% · Top 25%
Return on equity (TTM) 16% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 10.3× · Cheaper than 75% of peers
P/B 1.55× · Cheaper than median
P/S (TTM) 0.28× · Cheaper than 75% of peers
P/FCF 10.3× · Pricier than 75% of peers
EV/EBITDA 3.4× · Cheaper than 75% of peers

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 100 · sector 33
FUTURE 0 · sector 31
PAST 64 · sector 35
HEALTH 98 · sector 97
DIVIDEND 0 · sector 36

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is Beijing United Information Technology Co (603613) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥51.38 versus a price of ¥18.91, about +172% (undervalued).
What is the fair value of 603613?
Our model-based fair value for Beijing United Information Technology Co is ¥51.38 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥18.91.
What is the quality score of 603613?
Beijing United Information Technology Co has a Quality Score of 48/100. 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 United Information Technology Co (603613)?
Beijing United Information Technology Co reported trailing-twelve-month revenue of about 49.8B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 603613?
The net profit margin of Beijing United Information Technology Co is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.

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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