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Shanghai Golden Bridge (603918) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Shanghai Golden Bridge stock ¥3.81, price ¥9.75, that is 60.9% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Technology CN · ISIN CNE100002300

SG Shanghai Golden Bridge logo Thin data Nov 5, 2026

Shanghai Golden Bridge

603918 · SHG
Very expensive, in a downtrend

Our calculation puts a fair price 61% below what the stock costs today.

Generates free cash flow over the last twelve months
Quality 54/100
Revenue last quarter 12% below a year ago.
Fair value ¥3.81 · Strongly overvalued (−60.9%)
Weak Growth (revenue 5y −7.2 %/yr in CNY)
Loss-making · -8.0% net margin (TTM)
Trails peers (0/10)
Narrow moat 12/100 · thin data
Thin data
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What runs behind every stock

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

Price vs Fair Value

¥37.63 ¥6.32 Fair Value ¥3.81 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥6.32 – ¥37.63 · fair‑value band ¥3.35 – ¥4.27 · the ¥9.75 price screens above the ¥3.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Shanghai Golden Bridge InfoTech Co.,Ltd provides smart space information solutions and services in China. The company offers smart scene solutions, smart building solutions and big data solutions.

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It also involved in the procurement and sale of conference systems, intelligent court systems, emergency command systems, and other products; technical research and development of computer hardware and software; and multimedia information system industry application solutions and services.

Shanghai Golden Bridge InfoTech Co.,Ltd was founded in 1994 and is based in Shanghai, China.

Stock analysis

Shanghai Golden Bridge (603918) currently trades at ¥9.75, while our model-based Fair Value estimate is ¥3.81, 61% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 94/100, which puts the data coverage at low.

Scenario range: ¥3.35 (bear) to ¥4.27 (bull), the price of ¥9.75 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 54/100 (solid quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Shanghai Golden Bridge reported revenue of 693M CNY in FY2025 versus 1.1B CNY in FY2021, a compound −11.4%/yr. Reported net income was −57.2M CNY in FY2025.

Key figures

Market cap 3.9B CNY (≈ $591M) Small · P/S ratio 5.69 · EPS (TTM) ¥−0.1600 · Dividend yield 0.0% · Net margin −8.0% · Return on equity −5.4% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin −11.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 56% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 28% fair-value upside, at −61%, 603918 screens richer than that median.

Fair Value models

Bear ¥3.35 Fair Value ¥3.81 Bull ¥4.27
Price ¥9.75 · Downside -60.9%
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
EV/EBITDA ¥3.35 ¥3.81 ¥4.27 64
NCAV (Graham) ¥1.28 ¥1.94 ¥2.42 52
All 2 models by family
Multiples
EV/EBITDA ¥3.35 ¥3.81 ¥4.27 64
Asset-Based
NCAV (Graham) ¥1.28 ¥1.94 ¥2.42 52

Open the full fair value analysis →

Quality Score breakdown

Overall quality 54/100

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

Profitability 12
How much profit the company makes from its sales and capital
Quality Growth 63
Are margins and returns getting better?
Cashflow 17
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 89
Does it invest with discipline instead of growing at any price?
Low Volatility 64
How calm the share price moves, does not count
Price momentum 13
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 68
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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−0.9%
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.
−7.1%
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.
−7.2%
Start year 2020 (pandemic). Over 10 years: +0.8% a year
Revenue growth 14 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.
+1.6%
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.
9.9% (2020) → −4.7% (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

603918 screens overvalued: fair value 61% below the price. Compare with International Business Machines Corporation →

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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.Information Technology Services · 479 stocks

Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Below median
Fair Value upside −60.9% · Bottom 25%
Profitability
Return on assets −4.0% · Bottom 25%
Net margin (12 months) −8.0% · Bottom 25%
Operating margin (12 months) −11.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −11.6% · Bottom 25%
Dividend yield (12 months) 0.0% · Bottom 25%

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/B 3.91× · Priciest 25%
P/S (12 months) 5.69× · Priciest 25%

Context: sector, industry, market

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cognizant Technology Solutions Corporation CTSH $64.72 $139.68 +116% vs 603918
Capgemini SE CAP €126.90 €223.11 +76% vs 603918
Wipro Limited WIPRO ₹198.00 ₹287.86 +45% vs 603918
Infosys Limited INFY ₹1,181 ₹1,655 +40% vs 603918
Accenture plc ACN $260.50 $332.90 +28% vs 603918
Tata Consultancy Services Limited TCS ₹2,499 ₹2,993 +20% vs 603918
HCL Technologies Limited HCLTECH ₹1,440 ₹1,602 +11% vs 603918
Amadeus IT Group AMS €60.52 €66.57 +10% vs 603918
Broadridge Financial Solutions, Inc BR $190.40 $161.18 −15% vs 603918
International Business Machines Corporation IBM $245.00 $185.39 −24% vs 603918

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Shanghai Golden Bridge: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shanghai Golden Bridge Fair Value". https://www.fairvalue-calculator.com/stock/603918

Frequently asked questions

Is Shanghai Golden Bridge (603918) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥3.81 versus a price of ¥9.75, about 61% lower (overvalued).
What is the fair value of 603918?
Our model-based fair value for Shanghai Golden Bridge is ¥3.81 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥9.75.
What is the quality score of 603918?
Shanghai Golden Bridge has a Quality Score of 54/100. 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 Shanghai Golden Bridge (603918)?
Our model-based price target is the fair value of ¥3.81 (as of Nov 5, 2026) from 2 valuation models. Cautious scenario ¥3.35, optimistic scenario ¥4.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Golden Bridge stock forecast for 2026?
Our models put fair value at ¥3.81, about 61% lower versus a price of ¥9.75 (overvalued). Cautious scenario ¥3.35, optimistic scenario ¥4.27. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Golden Bridge (603918)?
Shanghai Golden Bridge reported trailing-twelve-month revenue of about 692M CNY (latest available figure, as of Nov 5, 2026).
Does Shanghai Golden Bridge pay a dividend?
Shanghai Golden Bridge currently shows a dividend yield of 0.02% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Shanghai Golden Bridge (603918)?
Shanghai Golden Bridge has a dividend yield of 0.0%.
What is the intrinsic value of Shanghai Golden Bridge (603918)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Golden Bridge it is ¥3.81 per share (as of Nov 5, 2026), against a price of ¥9.75. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Shanghai Golden Bridge stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 603918 trades above its calculated fair value: price ¥9.75, fair value ¥3.81, a gap of about −61% (overvalued). 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 603918?
No. The price is what the market pays today (¥9.75); the fair value is what the company's own numbers justify (¥3.81). For Shanghai Golden Bridge the two are ¥5.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Golden Bridge worth?
The market values Shanghai Golden Bridge at about 3.9B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥9.75; our models calculate a fair value of ¥3.81 per share.
What do the bullish and bearish scenarios say about 603918?
Our models span a range for Shanghai Golden Bridge: cautious scenario ¥3.35, base ¥3.81, optimistic ¥4.27 per share (as of Nov 5, 2026, price ¥9.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shanghai Golden Bridge (603918)?
Balance-sheet figures for Shanghai Golden Bridge (as of Nov 5, 2026): return on equity −5.4%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 603918 from its 52-week high?
Shanghai Golden Bridge trades at ¥9.75, about 56% below its 52-week high of ¥22.17 and 7% above the low of ¥9.12 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.81 is for.
Which stocks are comparable to Shanghai Golden Bridge?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Shanghai Golden Bridge stock attractive at the current price?
The data as of Nov 5, 2026: price ¥9.75, calculated fair value ¥3.81 (−61%), Quality Score 54/100, from 2 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 603918 calculated?
We run Shanghai Golden Bridge through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥3.81 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 13.0% above its aggregate fair value. Shanghai Golden Bridge itself currently trades above fair value. 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 Shanghai Golden Bridge (603918)?
The closing price on Nov 6, 2026 was ¥9.75. Our model-based fair value is ¥3.81, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Golden Bridge right now?
The price sits above even our optimistic bull case (¥4.27). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Shanghai Golden Bridge (603918) come from?
Earnings per share at Shanghai Golden Bridge grew −10.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share −0.4 %, EBIT margin −10.6 %, tax rate −0.1 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Shanghai Golden Bridge

How large is the market capitalisation of Shanghai Golden Bridge (603918)?
The market capitalisation of Shanghai Golden Bridge is 3.9B CNY (≈ $591M). 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 Shanghai Golden Bridge (603918)?
The price-to-sales ratio of Shanghai Golden Bridge is 5.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shanghai Golden Bridge (603918)?
Earnings per share at Shanghai Golden Bridge are ¥−0.1600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanghai Golden Bridge (603918)?
The dividend yield of Shanghai Golden Bridge is 0.0%. 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 Shanghai Golden Bridge (603918)?
The net margin of Shanghai Golden Bridge is −8.0% (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 Shanghai Golden Bridge (603918)?
The return on equity (ROE) of Shanghai Golden Bridge is −5.4% (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 Shanghai Golden Bridge (603918)?
On an EBIT basis the return on assets of Shanghai Golden Bridge is 0.4% (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 Shanghai Golden Bridge (603918)?
The operating margin of Shanghai Golden Bridge is −11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Golden Bridge (603918)?
Revenue at Shanghai Golden Bridge is growing −11.6% versus a year earlier (3y avg −7.1%). 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 Shanghai Golden Bridge (603918)?
Earnings per share at Shanghai Golden Bridge are growing −78.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanghai Golden Bridge (603918) generate?
The free cash flow of Shanghai Golden Bridge is −4.6M 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 Shanghai Golden Bridge (603918) hold?
Shanghai Golden Bridge holds more cash than debt, 720M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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