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Sinopec Shanghai Petrochemical Co Ltd Class H (0338) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Sinopec Shanghai Petrochemical Co Ltd Class H stock HK$1.95, price HK$1.21, upside +62.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Energy HK · Home China · ISIN CNE1000004C8

SS Sinopec Shanghai Petrochemical Co Ltd Class H logo Thin data Nov 4, 2026

Sinopec Shanghai Petrochemical Co Ltd Class H

0338 · HK
Cheap, value-trap risk

The stock costs 38% less than our calculation considers fair.

Fair value HK$1.95 · Strongly undervalued
Low debt
Even on cautious assumptions the value is 21% above the price (HK$1.46).
Quality 45/100
Mixed vs. peers (6/13)
Weak Growth (revenue 5y +0.3 %/yr in CNY)
Loss-making · -0.9% net margin (TTM)
Negative free cash flow
Narrow moat 16/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

HK$1.99 HK$0.9823 Fair Value HK$1.95 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range HK$0.9823 – HK$1.99 · fair‑value band HK$1.46 – HK$2.92 · the HK$1.21 price screens below the HK$1.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.

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Company profile

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petroleum and chemical products in the People's Republic of China. The company operates through three segments: Refined Products, Chemical Products, and Petrochemical Products Trading.

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It offers gasoline, diesel, jet fuel, naphtha, fuel oil, LPG, asphalt, petroleum coke, and sulfur refining products; and ethylene oxide, industrial glycol, diethylene glycol for industrial use, tri ethylene glycol, vinyl acetate, polyvinyl alcohol, isoprene, m-pretendent, dicyclopentadiene, isoprene, pentane, industrial carbon 10 crude aromatic hydrocarbons, lyses naphthalene fractions, industrial pyrolysis carbon 9, polypropylene, industrial butadiene, petroleum benzene, petroleum toluene, ethylene, oil p-xylene, carbon black raw oil, ethylene tar, and butene-1 chemical products.

The company also provides high-pressure polyethylene products low-pressure polyethylene synthetic resin products; and acrylic, polyester slicing, polyester staple fiber synthetic products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China.

Sinopec Shanghai Petrochemical Company Limited operates as a subsidiary of China Petroleum & Chemical Corporation.

Stock analysis

Sinopec Shanghai Petrochemical Co Ltd Class H (0338) currently trades at HK$1.21, while our model-based Fair Value estimate is HK$1.95, implying the stock looks roughly 38% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: HK$1.46 (bear) to HK$2.92 (bull), the price of HK$1.21 sits below 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 45/100 (below-average quality), in the Energy sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Sinopec Shanghai Petrochemical Co Ltd Class H reported revenue of 62.4B CNY in FY2025 versus 75.9B CNY in FY2021, a compound −4.8%/yr. Reported net income was −1.6B CNY in FY2025.

Key figures

Market cap HK$12.7B (≈ $1.6B) Small · P/S ratio 0.17 · Dividend yield 2.0% · Net margin −0.9% · Return on equity −2.8% · Return on assets (EBIT) −2.4% (5-year average) · Operating margin −1.3% · Revenue (TTM) 75.0B CNY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 29% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at 62%, 0338 screens cheaper than that median.

Fair Value models

Bear HK$1.46 Fair Value HK$1.95 Bull HK$2.92
Price HK$1.21 · Upside +62.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) HK$1.27 HK$1.70 HK$2.54 54
All 1 models by family
Asset-Based
NCAV (Graham) HK$1.27 HK$1.70 HK$2.54 54

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 21
How much profit the company makes from its sales and capital
Quality Growth 5
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 74
Debt, balance sheet and risk of trouble
Investment 94
Does it invest with discipline instead of growing at any price?
Low Volatility 57
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 21
Distance to the 52-week high, does not count
New shares 86
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 6/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−28.4%
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.
−5.0%
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.
+0.3%
Start year 2020 (pandemic). Over 10 years: −0.7% a year
Revenue growth 30 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.
+5.7%
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.
−2.0% (2020) → −3.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Oil & Gas Refining & Marketing · 115 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 45 · Bottom 25%
Fair Value upside +62.0% · Top 25%
Profitability
Return on assets −3.9% · Bottom 25%
Net margin (12 months) −0.9% · Bottom 25%
Operating margin (12 months) −1.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 6.6% · Below median
Dividend yield (12 months) 2.0% · Below median
Balance sheet
Debt / equity 0.04× · Lowest 25%

Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper

P/B 0.47× · Cheapest 25%
P/S (12 months) 0.14× · Cheapest 25%
EV/EBITDA 2.8× · Cheapest 25%
PEG 0.01× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 30
FUTURE (revenue growth)33 · sector 100
PAST (return on equity)0 · sector 48
HEALTH (low debt)98 · sector 85
DIVIDEND (yield)41 · sector 65

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Indian Oil Corporation IOC ₹146.85 ₹245.43 +67% vs 0338
Bharat Petroleum Corporation BPCL ₹316.00 ₹434.58 +38% vs 0338
SK Innovation Co 096770 106,700 KRW 134,361 KRW +26% vs 0338
Reliance Industries Limited RELIANCE ₹1,324 ₹865.31 −35% vs 0338
HF Sinclair Corporation DINO $97.18 $52.92 −46% vs 0338
Neste Oyj NESTE €27.45 €11.70 −57% vs 0338
Formosa Petrochemical Corporation 6505 88.40 TWD 35.53 TWD −60% vs 0338
Valero Energy Corporation VLO $346.45 $131.30 −62% vs 0338
Phillips 66 PSX $245.72 $86.38 −65% vs 0338
Marathon Petroleum Corporation MPC $372.74 $113.66 −70% vs 0338

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Sinopec Shanghai Petrochemical Co Ltd Class H: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sinopec Shanghai Petrochemical Co Ltd Class H Fair Value". https://www.fairvalue-calculator.com/stock/0338

Frequently asked questions

Is Sinopec Shanghai Petrochemical Co Ltd Class H (0338) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of HK$1.95 versus a price of HK$1.21, about +62% upside (undervalued).
What is the fair value of 0338?
Our model-based fair value for Sinopec Shanghai Petrochemical Co Ltd Class H is HK$1.95 (as of Nov 4, 2026), built from audited fundamentals. The current price: HK$1.21.
What is the quality score of 0338?
Sinopec Shanghai Petrochemical Co Ltd Class H has a Quality Score of 45/100. 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 Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
Our model-based price target is the fair value of HK$1.95 (as of Nov 4, 2026) from 1 valuation models. Cautious scenario HK$1.46, optimistic scenario HK$2.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Sinopec Shanghai Petrochemical Co Ltd Class H stock forecast for 2026?
Our models put fair value at HK$1.95, about +62% upside versus a price of HK$1.21 (undervalued). Cautious scenario HK$1.46, optimistic scenario HK$2.92. The calculation is refreshed regularly with new filings.
What is the revenue of Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
Sinopec Shanghai Petrochemical Co Ltd Class H reported trailing-twelve-month revenue of about 75.0B CNY (latest available figure, as of Nov 4, 2026).
Does Sinopec Shanghai Petrochemical Co Ltd Class H pay a dividend?
Sinopec Shanghai Petrochemical Co Ltd Class H currently shows a dividend yield of 2.03% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
Sinopec Shanghai Petrochemical Co Ltd Class H has a dividend yield of 2.0%.
What is the intrinsic value of Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sinopec Shanghai Petrochemical Co Ltd Class H it is HK$1.95 per share (as of Nov 4, 2026), against a price of HK$1.21. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Sinopec Shanghai Petrochemical Co Ltd Class H stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 0338 trades below its calculated fair value: price HK$1.21, fair value HK$1.95, a gap of about +62% (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 0338?
No. The price is what the market pays today (HK$1.21); the fair value is what the company's own numbers justify (HK$1.95). For Sinopec Shanghai Petrochemical Co Ltd Class H the two are HK$0.7470 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sinopec Shanghai Petrochemical Co Ltd Class H worth?
The market values Sinopec Shanghai Petrochemical Co Ltd Class H at about HK$12.7B (market capitalisation, as of Nov 4, 2026). Per share that is HK$1.21; our models calculate a fair value of HK$1.95 per share.
What do the bullish and bearish scenarios say about 0338?
Our models span a range for Sinopec Shanghai Petrochemical Co Ltd Class H: cautious scenario HK$1.46, base HK$1.95, optimistic HK$2.92 per share (as of Nov 4, 2026, price HK$1.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 0338?
The PEG ratio of Sinopec Shanghai Petrochemical Co Ltd Class H is 0.01 (P/E divided by earnings growth, as of Nov 4, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
Balance-sheet figures for Sinopec Shanghai Petrochemical Co Ltd Class H (as of Nov 4, 2026): return on equity −2.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 0338 from its 52-week high?
Sinopec Shanghai Petrochemical Co Ltd Class H trades at HK$1.21, about 29% below its 52-week high of HK$1.69 and 12% above the low of HK$1.08 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.95 is for.
Which stocks are comparable to Sinopec Shanghai Petrochemical Co Ltd Class H?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Phillips 66, Marathon Petroleum Corporation, 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 Sinopec Shanghai Petrochemical Co Ltd Class H stock attractive at the current price?
The data as of Nov 4, 2026: price HK$1.21, calculated fair value HK$1.95 (+62%), Quality Score 45/100, from 1 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 0338 calculated?
We run Sinopec Shanghai Petrochemical Co Ltd Class H through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of HK$1.95 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Sinopec Shanghai Petrochemical Co Ltd Class H currently trades 38% 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 Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
The closing price on Nov 9, 2026 was HK$1.21. Our model-based fair value is HK$1.95, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sinopec Shanghai Petrochemical Co Ltd Class H right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$1.46). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$1.46 to HK$2.92) leaves room in how you read the outcome.

Key figures of Sinopec Shanghai Petrochemical Co Ltd Class H

How large is the market capitalisation of Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
The market capitalisation of Sinopec Shanghai Petrochemical Co Ltd Class H is HK$12.7B (≈ $1.6B). 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 Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
The price-to-sales ratio of Sinopec Shanghai Petrochemical Co Ltd Class H is 0.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
The dividend yield of Sinopec Shanghai Petrochemical Co Ltd Class H is 2.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
The net margin of Sinopec Shanghai Petrochemical Co Ltd Class H is −0.9% (last twelve months). 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 Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
The return on equity (ROE) of Sinopec Shanghai Petrochemical Co Ltd Class H is −2.8% (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 Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
On an EBIT basis the return on assets of Sinopec Shanghai Petrochemical Co Ltd Class H is −2.4% (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 Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
The operating margin of Sinopec Shanghai Petrochemical Co Ltd Class H is −1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
Revenue at Sinopec Shanghai Petrochemical Co Ltd Class H is growing +6.6% versus a year earlier (3y avg −5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sinopec Shanghai Petrochemical Co Ltd Class H (0338)?
Earnings per share at Sinopec Shanghai Petrochemical Co Ltd Class H are growing +14.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sinopec Shanghai Petrochemical Co Ltd Class H (0338) generate?
The free cash flow of Sinopec Shanghai Petrochemical Co Ltd Class H is −1.2B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Sinopec Shanghai Petrochemical Co Ltd Class H (0338) hold?
Sinopec Shanghai Petrochemical Co Ltd Class H holds more cash than debt, 6.7B CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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