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STOCK COMPARISON

Shandong Sunway Petrochemical Engineering Co vs Merchant Express Class A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shandong Sunway Petrochemical Engineering Co (002469) and Merchant Express Class A (001965) compare, as of Aug 13, 2026.

As of Aug 13, 2026, Fair Value Calculator sees Merchant Express Class A as the less overvalued of the two: Shandong Sunway Petrochemical Engineering Co trades at ¥5.88 versus a fair value of ¥4.02 (-32%), while Merchant Express Class A trades at ¥9.36 versus ¥9.16 (-2%).
Shandong Sunway Petrochemical Engineering Co
002469.SHE · CNY · Energy
-32%
upside to fair value
overvalued
Price¥5.88
Fair Value¥4.02
Quality59/100
Merchant Express Class A
001965.SHE · CNY · Industrials
-2%
upside to fair value
fairly valued
Price¥9.36
Fair Value¥9.16
Quality59/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shandong Sunway Petrochemical Engineering CoMerchant Express Class A
Valuation
27.7×P/E (TTM)15.0×
1.50×P/S (TTM)4.77×
1.42×P/B0.91×
17.7×EV/EBITDA16.3×
5.1%Dividend yield3.8%
¥0.30Dividend per share¥0.37
Profitability
5%Net margin33%
0%Operating margin20%
4%Return on equity6%
2%Return on assets1%
Growth
-15%Revenue growth (YoY)27%
-0.2%Avg. growth/yr (3Y)17.2%
30.9%Avg. growth/yr (5Y)13.6%
Balance & size
Debt / equity0.65×
$559MMarket cap$10B
mixedGrowth qualityhealthy

Merchant Express Class A leads: 4 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shandong Sunway Petrochemical Engineering Coof which business quality 58 · market factors 30 Merchant Express Class Aof which business quality 57 · market factors 47
ProfitabilityMargins and returns on capital today
37
34
Quality GrowthAre margins and returns improving?
26
48
CashflowEarnings quality: real cash, not paper profit
30
85
Fin. StrengthBalance sheet, leverage, solvency risk
90
33
InvestmentDisciplined investing over empire-building
93
55
Low VolatilityCalm price path (market factor)
77
92
MomentumPrice trend over the last 3–12 months (market factor)
12
33
52W MomentumDistance to the 52-week high (market factor)
7
18
Net IssuanceBuybacks instead of dilution
88
94

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Shandong Sunway Petrochemical Engineering Co

DCF Models¥5.12
Earnings-Based¥5.02
Dividend Discount¥6.54
Multiples¥4.27
Asset-Based¥2.74
Growth DCF¥4.41
Economic Profit¥3.31
Growth Earnings¥6.09

20 of 26 models see the stock below the current price.

Merchant Express Class A

DCF Models¥12.99
Earnings-Based¥10.25
Dividend Discount¥11.63
Multiples¥7.50
Asset-Based¥7.32
Growth DCF¥8.98
Economic Profit¥9.16
Growth Earnings¥15.42

8 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shandong Sunway Petrochemical Engineering Co
Bear ¥3.02Fair Value ¥4.02Bull ¥5.03
¥5.88 = current price (white tick)
Merchant Express Class A
Bear ¥8.65Fair Value ¥9.16Bull ¥10.93
¥9.36 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shandong Sunway Petrochemical Engineering Co · Energy

Quality score59 · above median
Fair value upside-32% · below median

Merchant Express Class A · Industrials

Quality score59 · above median
Fair value upside-2% · above median

Bottom line

As of Aug 13, 2026, Fair Value Calculator sees Merchant Express Class A as the less overvalued of the two: Shandong Sunway Petrochemical Engineering Co trades at ¥5.88 versus a fair value of ¥4.02 (-32%), while Merchant Express Class A trades at ¥9.36 versus ¥9.16 (-2%).

Merchant Express Class A has the higher quality score (59/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.