Hengtong Logistic Co Ltd (603223) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hengtong Logistic Co Ltd stock ¥4.61, price ¥8.22, that is 43.9% below the price, quality 57 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
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Hengtong Logistic Co Ltd
603223 · SHGOur calculation puts a fair price 44% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ¥6.15 – ¥19.85 · fair‑value band ¥3.96 – ¥5.29 · the ¥8.22 price screens above the ¥4.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Hengtong Logistics Co., Ltd. engages in the logistics business in China. It is involved in road freight logistics, transportation, LNG energy trade logistics, and terminal leasing activities.
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The company also offers general cargo transportation, transportation vehicles, transportation fleet services, and hazardous chemicals transportation.
In addition, it provides oil and gas and bulk commodity trading; port construction and operation; clean energy solutions; full logistics services; and intelligent transportation system research and development.
In addition, the company engages in liquefied natural gas (LNG) leasing; and provision of road transport, driver training, and petroleum gas services, as well as cargo warehousing, loading, unloading, and shipping agency services.
Further, it provides information systems, hardware and software solutions, logistics agency, cargo transportation, dangerous goods transportation, tallying, motor vehicle maintenance and repair, technical, agency, leasing, enterprise management consulting, port investment and construction, dangerous chemicals transportation, and road general cargo transportation services; and engages in computer software and hardware development and sales, material sales, gas business, natural gas wholesale, gas stove assembly, trade, and investment activities.
Additionally, the company engages in ship repair, leasing, road freight transportation, dangerous goods transportation, construction engineering, logistics business, mining investment business, and international trade business.
The company was formerly known as Longkou Hengtong Transportation Co., Ltd. and changed its name to Hengtong Logistics Co., Ltd. in December 2011. Hengtong Logistics Co., Ltd. was founded in 2007 and is headquartered in Yantai, China.
Stock analysis
Hengtong Logistic Co Ltd (603223) currently trades at ¥8.22, while our model-based Fair Value estimate is ¥4.61, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥5.40 per share, and 1 of the 14 models we run sit above the ¥8.22 price.
Bear case: the Asset-Based group reads lowest at ¥1.00, and 13 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥3.96 (bear) to ¥5.29 (bull), the price of ¥8.22 sits above 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 57/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Hengtong Logistic Co Ltd reported revenue of 1.4B CNY in FY2025 versus 7.1B CNY in FY2021, a compound −33.8%/yr. Reported net income was 266M CNY in FY2025, compounding +28.0%/yr from FY2021.
Key figures
Market cap 5.9B CNY (≈ $881M) Small · P/E ratio 15.5 · P/S ratio 4.37 · EPS (TTM) ¥0.5300 · Dividend yield 0.9% · Net margin 26.3% · Return on equity 8.8% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at −44%, 603223 screens richer than that median.
Fair Value models
All 14 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Compare Hengtong Logistic Co Ltd with another stock
Price, fair value, quality and upside side by side.
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.Trucking · 44 stocks
Valuation Multiplesvs Trucking median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on assets by industry
- Fair value gap by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Energy
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Trucking stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Knight-Swift Transportation Holdings KNX | $58.41 | $93.46 | +60% | vs 603223 |
| TFI International Inc TFII | $94.94 | $112.09 | +18% | vs 603223 |
| Old Dominion Freight Line, Inc ODFL | $164.92 | $174.14 | +6% | vs 603223 |
| Mullen Group MTL | C$28.74 | C$19.85 | −31% | vs 603223 |
| Werner Enterprises, Inc WERN | $26.95 | $16.48 | −39% | vs 603223 |
| Schneider National, Inc SNDR | $27.81 | $16.20 | −42% | vs 603223 |
| Dazhong Transportation (Group) Co 600611 | ¥3.98 | ¥1.96 | −51% | vs 603223 |
| ArcBest Corporation ARCB | $127.91 | $52.83 | −59% | vs 603223 |
| XPO, Inc XPO | $176.95 | $71.58 | −60% | vs 603223 |
| Saia, Inc SAIA | $331.90 | $126.27 | −62% | vs 603223 |
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Frequently asked questions
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Key figures of Hengtong Logistic Co Ltd
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