Shanghai Baosight Software stock: fair value
600845.SSThe fair value of Shanghai Baosight Software under our model is $1.54, the price is 56% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $1.19 and expensive above $2.20 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $1.05 (cash-flow model) and $2.03 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 9.3%. At 10.3% the fair value would be $1.48, at 8.3% it would be $1.63.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (32.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.3%. Discounted at 9.3% (government bond yield 2.3% plus beta 1.37 times a risk premium of 5.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $1.05 per share: free cash flow for the next ten years, each year discounted to today at 9.3%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.3%) |
|---|---|---|---|---|
| 2026 | $219.6M | extrapolated at 0.4% | 0.9145 | $200.83M |
| 2027 | $221.75M | extrapolated at 1.0% | 0.8364 | $185.46M |
| 2028 | $224.8M | extrapolated at 1.4% | 0.7649 | $171.95M |
| 2029 | $228.53M | extrapolated at 1.7% | 0.6995 | $159.86M |
| 2030 | $232.76M | extrapolated at 1.8% | 0.6397 | $148.9M |
| 2031 | $237.4M | extrapolated at 2.0% | 0.5850 | $138.89M |
| 2032 | $242.35M | extrapolated at 2.1% | 0.5350 | $129.67M |
| 2033 | $247.57M | extrapolated at 2.2% | 0.4893 | $121.14M |
| 2034 | $253.01M | extrapolated at 2.2% | 0.4475 | $113.22M |
| 2035 | $258.67M | extrapolated at 2.2% | 0.4092 | $105.86M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.48B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (9.3% − 2.3%) | $3.76B |
| Present value of terminal value (× 0.4092) | $1.54B |
| Equity value (sum plus present value of terminal value) | $3.02B |
| Shares (diluted) | 2.86B |
| Value per share (equity value divided by shares) | $1.05 |
| Earnings per share, last twelve months | $0.06 |
| × 32.4 (industry P/E) | $2.03 |
| Fair value (average of both parts) | $1.54 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 29 Oct 2026)
- Valuation signal Overvalued since 12 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.