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Nanjing Shenghang Shipping Co (001205) Fair Value & Analysis

Industrials · CN · Market cap 2.6B CNY

NS Nanjing Shenghang Shipping Co 001205 · SHE
Price¥13.91
Fair Value¥12.13
Upside-12.8%
Quality33/100
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Expensive Growth
Thin margins · 7.5% net margin
Low debt · generates free cash flow
1.06% dividend yield
Trails peers (3/14)
Narrow moat 41/100
Evidence: High Range ¥8.70 – ¥15.17 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 21 days ago

Share price +4.5% over the past month.

Below-average quality, and screening another 13% overvalued on our models.

What matters now

  • Our model range runs from ¥8.70 (bear) to ¥15.17 (bull), base ¥12.13. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 33/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥32.64 ¥10.88 Fair Value ¥12.13 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥10.88 – ¥32.64 · fair‑value band ¥8.70 – ¥15.17 · the ¥13.91 price screens above the ¥12.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Nanjing Shenghang Shipping Co (001205) currently trades at ¥13.91, while our model-based Fair Value estimate is ¥12.13, implying the stock looks roughly 12.8% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Nanjing Shenghang Shipping Co generated revenue of 1.5B CNY at a net margin of 7.5%. Revenue grew 8.6% year over year. It earns a return on equity of 5.1%. Net debt stands at 1.2B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥8.70 (bear case) to ¥15.17 (bull case); at ¥13.91, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% 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 67% fair-value upside, at -13%, 001205 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF ¥8.89 ¥18.97 ¥38.71 80
Residual Income ¥8.69 ¥8.74 ¥8.21 76
Rev-Margin DCF ¥7.51 ¥19.11 ¥37.64 74
All 24 models by family
DCF Models
FCF DCF ¥9.71 ¥16.97 ¥39.62 38
Owner Earnings ¥1.88 ¥8.14 31
5Y Revenue Exit ¥7.51 ¥16.24 ¥34.03 39
5Y EBITDA Exit ¥16.82 ¥35.50 ¥71.32 41
5Y P/E Exit ¥6.60 ¥17.75 ¥32.47 38
10Y Revenue Exit ¥7.77 ¥20.89 ¥31.51 36
10Y EBITDA Exit ¥14.73 ¥39.62 ¥87.08 37
10Y P/E Exit ¥7.53 ¥19.06 ¥38.90 35
Earnings-Based
Graham-Dodd ¥3.93 ¥27.40 ¥38.45 54
Lynch FV ¥9.43 ¥13.47 ¥17.51 50
PEG = 1.0 ¥9.43 ¥13.47 ¥17.51 46
EPV ¥5.10 ¥6.50 ¥7.71 59
Multiples
P/E Multiple ¥9.10 ¥12.13 ¥15.17 63
P/S Multiple ¥7.37 ¥9.82 ¥12.28 58
P/B Multiple ¥7.37 ¥9.82 ¥12.28 55
EV/EBIT ¥10.89 ¥15.78 ¥20.66 53
EV/EBITDA ¥19.51 ¥27.26 ¥35.02 54
EV/Revenue ¥5.92 ¥10.06 ¥14.20 43
Asset-Based
NCAV (Graham) ¥5.76 ¥7.71 ¥11.51 50
Growth DCF
Growth DCF ¥8.89 ¥18.97 ¥38.71 80
Rev-Margin DCF ¥7.51 ¥19.11 ¥37.64 74
Economic Profit
Residual Income ¥8.69 ¥8.74 ¥8.21 76
ROIC Compounder ¥5.10 ¥6.50 ¥7.71 72
Growth Earnings
Growth-Adj P/E ¥12.33 ¥17.62 ¥22.91 68

Widest divergence: Growth DCF (¥18.97) versus Economic Profit (¥6.50). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) +8.6%
Net margin 7.5%
Return on equity 5.1%
Free cash flow 159M CNY FY2025
P/E ratio 23.5
More key figures
Operating margin 17.1%
EPS (TTM) ¥0.5900
Dividend yield 1.1%
EPS growth (YoY) +7.7%
Net debt 1.2B CNY FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 42

Profitability 25
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 13
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 23
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Nanjing Shenghang Shipping Co., Ltd., together with its subsidiaries, engages in the shipping transportation of liquid chemicals and oil products in Mainland China, Hong Kong, Macao, Taiwan, and internationally. The company offers logistics services to chemical companies.

Full company description

Nanjing Shenghang Shipping Co., Ltd., together with its subsidiaries, engages in the shipping transportation of liquid chemicals and oil products in Mainland China, Hong Kong, Macao, Taiwan, and internationally. The company offers logistics services to chemical companies. It also engages in domestic coastal, Yangtze River mid-lower reaches, and international bulk liquid chemical, refined oil, and liquefied gas waterway transportation activities. In addition, the company transports xylene, mixed xylene, pure benzene, toluene, o-xylene, acrylonitrile, styrene, methanol, ethylene glycol, phenol, concentrated sulfuric acid, liquid alkali, liquid ammonia, and other liquid chemicals; and gasoline, diesel, aviation kerosene, naphtha, and palm oil. Further, it engages in shipping management, ship leasing, and hazardous materials transportation activities. As of December 31, 2025, the company operated 34 domestic chemical tankers with a total carrying capacity of 216,200 deadweight tons; 13 domestic product oil tankers with a total carrying capacity of 130,700 deadweight tons; 1 domestic liquefied gas carrier with a total carrying capacity of 4,626 deadweight tons and a cargo capacity of 5,546.80 cubic meters; and 6 foreign chemical tankers with a total carrying capacity of 73,400 deadweight tons. Nanjing Shenghang Shipping Co., Ltd. was founded in 1994 and is headquartered in Nanjing, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nanjing Shenghang Shipping Co reported revenue of ¥1.4B in FY2025 versus ¥613M in FY2021, a compound +23.9%/yr. Reported net income was ¥109M in FY2025, compounding −4.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.4B CNY
Latest YoY
−3.8%
Avg. growth/yr (3Y) 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.
+18.4%
Avg. growth/yr (5Y) 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.
+24.6%
Avg. growth/yr (12Y) 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.
+20.6%
Revenue +23.9%/yr
FY21 ¥613M
FY22 ¥868M
FY23 ¥1.3B
FY24 ¥1.5B
FY25 ¥1.4B
Net income −4.4%/yr
FY21 ¥130M
FY22 ¥169M
FY23 ¥182M
FY24 ¥137M
FY25 ¥109M
Character of growth · EPS growth decomposed (2013-2024) +11.5 % p.a.
Revenue per share +9.2 pp

of which total revenue +23.3 pp · buybacks/dilution −14.1 pp

EBIT margin +1.8 pp
Tax rate +1.4 pp
Residual (interest, one-offs) −1.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

001205 screens 13% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "Nanjing Shenghang Shipping Co Fair Value". https://www.fairvalue-calculator.com/stock/001205

Peer Group

Marine Shipping · 232 stocks

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.

Quality Score 33 · Bottom 25%
Fair Value upside −13% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 7% · Below median
Operating margin (TTM) 17% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.43× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 23.5× · Pricier than median
P/B 1.20× · Pricier than median
P/S (TTM) 1.77× · Pricier than median
P/FCF 2.4× · Cheaper than median
EV/EBITDA 7.3× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 16 · sector 29
FUTURE 43 · sector 18
PAST 20 · sector 27
HEALTH 79 · sector 88
DIVIDEND 21 · sector 45

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%
Yang Ming Marine Transport Corporation 2609 50.10 TWD 96.14 TWD +92%

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Frequently asked questions

Is Nanjing Shenghang Shipping Co (001205) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥12.13 versus a price of ¥13.91, about −13% (overvalued).
What is the fair value of 001205?
Our model-based fair value for Nanjing Shenghang Shipping Co is ¥12.13 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥13.91.
What is the quality score of 001205?
Nanjing Shenghang Shipping Co has a Quality Score of 33/100. 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 revenue of Nanjing Shenghang Shipping Co (001205)?
Nanjing Shenghang Shipping Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 001205?
The net profit margin of Nanjing Shenghang Shipping Co is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
Does Nanjing Shenghang Shipping Co pay a dividend?
Nanjing Shenghang Shipping Co currently shows a dividend yield of about 1.06% relative to its recent price (as of Jul 21, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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