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STOCK COMPARISON

Chongqing Road & Bridge Co vs Merchant Express Class A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Chongqing Road & Bridge Co (600106) and Merchant Express Class A (001965) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Merchant Express Class A as the less overvalued of the two: Chongqing Road & Bridge Co trades at ¥4.48 versus a fair value of ¥1.35 (-70%), while Merchant Express Class A trades at ¥9.44 versus ¥9.16 (-3%).
Chongqing Road & Bridge Co
600106.SHG · CNY · Industrials
-70%
upside to fair value
overvalued
Price¥4.48
Fair Value¥1.35
Quality65/100
Merchant Express Class A
001965.SHE · CNY · Industrials
-3%
upside to fair value
fairly valued
Price¥9.44
Fair Value¥9.16
Quality59/100

Head-to-head numbers

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

Chongqing Road & Bridge CoMerchant Express Class A
Valuation
65.3×P/E (TTM)15.0×
55.61×P/S (TTM)4.77×
1.14×P/B0.91×
75.2×EV/EBITDA16.3×
0.6%Dividend yield3.8%
¥0.03Dividend per share¥0.37
Profitability
78%Net margin33%
85%Operating margin20%
2%Return on equity6%
1%Return on assets1%
Growth
-13%Revenue growth (YoY)27%
-2.4%Avg. growth/yr (3Y)17.2%
-11.0%Avg. growth/yr (5Y)13.6%
Balance & size
0.16×Debt / equity0.65×
$901MMarket cap$10B
weakGrowth qualityhealthy

Merchant Express Class A leads: 3 to 10 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.

Chongqing Road & Bridge Coof which business quality 62 · market factors 26 Merchant Express Class Aof which business quality 57 · market factors 48
ProfitabilityMargins and returns on capital today
30
34
Quality GrowthAre margins and returns improving?
42
48
CashflowEarnings quality: real cash, not paper profit
75
85
Fin. StrengthBalance sheet, leverage, solvency risk
66
33
InvestmentDisciplined investing over empire-building
89
55
Low VolatilityCalm price path (market factor)
75
92
MomentumPrice trend over the last 3–12 months (market factor)
6
34
52W MomentumDistance to the 52-week high (market factor)
6
20
Net IssuanceBuybacks instead of dilution
85
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.

Chongqing Road & Bridge Co

DCF Models¥0.64
Earnings-Based¥0.60
Dividend Discount¥0.72
Multiples¥0.89
Asset-Based¥2.68
Growth DCF¥0.42
Economic Profit¥1.59
Growth Earnings¥1.36

24 of 24 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.

Chongqing Road & Bridge Co
Bear ¥0.92Fair Value ¥1.35Bull ¥1.80
¥4.48 = current price (white tick)
Merchant Express Class A
Bear ¥8.65Fair Value ¥9.16Bull ¥10.93
¥9.44 = 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.

Chongqing Road & Bridge Co · Industrials

Quality score65 · Top 25%
Fair value upside-70% · bottom 25%

Merchant Express Class A · Industrials

Quality score59 · above median
Fair value upside-3% · above median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Merchant Express Class A as the less overvalued of the two: Chongqing Road & Bridge Co trades at ¥4.48 versus a fair value of ¥1.35 (-70%), while Merchant Express Class A trades at ¥9.44 versus ¥9.16 (-3%).

Chongqing Road & Bridge Co has the higher quality score (65/100).

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.