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Sichuan Fulin Transportation Group (002357) Fair Value & Analysis

Industrials · CN · Market cap 3.1B CNY

SF Sichuan Fulin Transportation Group 002357 · SHE
Price¥9.06
Fair Value¥7.01
Upside-22.6%
Quality46/100
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Expensive Growth
Highly profitable · 21.0% net margin
Low debt · negative free cash flow
0.53% dividend yield
Trails peers (4/13)
Moderate moat 47/100
Evidence: High Range ¥4.89 – ¥9.06 Share as image

Fair value as of: Jul 22, 2026

From 16 valuation models · updated 19 days ago

Share price +1.1% over the past month.

Below-average quality, and screening another 23% overvalued on our models.

What matters now

  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥4.89 to ¥9.06) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥16.17 ¥3.95 Fair Value ¥7.01 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥3.95 – ¥16.17 · fair‑value band ¥4.89 – ¥9.06 · the ¥9.06 price screens above the ¥7.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Sichuan Fulin Transportation Group (002357) currently trades at ¥9.06, while our model-based Fair Value estimate is ¥7.01, implying the stock looks roughly 22.6% overvalued today. The Quality Score stands at 46/100 (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, Sichuan Fulin Transportation Group generated revenue of 812M CNY at a net margin of 21.0%. Revenue declined 2.1% year over year. It earns a return on equity of 9.7%. Net debt stands at 202M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥4.89 (bear case) to ¥9.06 (bull case); at ¥9.06, 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 45% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at -23%, 002357 screens cheaper 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
Residual Income ¥4.71 ¥5.21 ¥7.70 76
ROIC Compounder ¥1.53 ¥1.70 ¥1.85 72
Gordon GGM ¥1.42 ¥2.77 ¥4.29 70
All 16 models by family
DCF Models
Owner Earnings ¥5.20 ¥7.35 ¥10.35 31
Earnings-Based
Graham-Dodd ¥3.72 ¥9.74 ¥12.71 54
PEG = 1.0 ¥1.86 ¥2.66 ¥3.45 46
EPV ¥1.53 ¥1.70 ¥1.85 59
Dividend Discount
Gordon GGM ¥1.42 ¥2.77 ¥4.29 70
DDM Multi-Stage ¥1.42 ¥2.16 ¥2.91 61
Multiples
P/E Multiple ¥8.61 ¥11.48 ¥14.35 63
P/S Multiple ¥3.91 ¥5.21 ¥6.51 58
P/B Multiple ¥6.97 ¥9.29 ¥11.61 55
EV/EBIT ¥2.75 ¥3.51 ¥4.27 53
EV/EBITDA ¥6.29 ¥8.23 ¥10.17 54
EV/Revenue ¥2.09 ¥2.79 ¥3.49 43
Asset-Based
NCAV (Graham) ¥2.72 ¥3.64 ¥5.43 50
Economic Profit
Residual Income ¥4.71 ¥5.21 ¥7.70 76
ROIC Compounder ¥1.53 ¥1.70 ¥1.85 72
Growth Earnings
Growth-Adj P/E ¥6.73 ¥9.61 ¥12.50 68

Widest divergence: Growth Earnings (¥9.61) versus Economic Profit (¥1.70). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 812M CNY
Revenue growth (YoY) -2.1%
Net margin 21.0%
Return on equity 9.7%
Free cash flow −11.0M CNY FY2025
P/E ratio 17.8
More key figures
Operating margin 5.2%
EPS (TTM) ¥0.5500
Dividend yield 0.5%
EPS growth (YoY) -0.9%
Net debt 202M CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 34

Profitability 39
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 82
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

Sichuan Fulin Transportation Group Co., Ltd. engages in the road passenger transport business in China. The company provides passenger, charter, car rental, repair and maintenance, and ticket inquiry, as well as customized services.

Full company description

Sichuan Fulin Transportation Group Co., Ltd. engages in the road passenger transport business in China. The company provides passenger, charter, car rental, repair and maintenance, and ticket inquiry, as well as customized services. It also offers city taxi, passenger station, scheduled passenger transport, and group tour and tourist vehicle; vehicle inspection, insurance agent, and customized passenger transport; and trade and logistics, and intelligent vehicle management services. The company was founded in 2002 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sichuan Fulin Transportation Group reported revenue of ¥816M in FY2025 versus ¥697M in FY2021, a compound +4.0%/yr. Reported net income was ¥171M in FY2025, compounding +25.5%/yr from FY2021.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
816M CNY
Latest YoY
−4.6%
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.
+3.8%
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.
+5.4%
Avg. growth/yr (19Y) 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.
+10.4%
Revenue +4.0%/yr
FY21 ¥697M
FY22 ¥730M
FY23 ¥865M
FY24 ¥856M
FY25 ¥816M
Net income +25.5%/yr
FY21 ¥69.2M
FY22 ¥59.1M
FY23 ¥150M
FY24 ¥122M
FY25 ¥171M
Character of growth · EPS growth decomposed (2013-2024) −2.8 % p.a.
Revenue per share −1.3 pp

of which total revenue −1.3 pp · buybacks/dilution +0.0 pp

EBIT margin −1.6 pp
Tax rate +0.8 pp
Residual (interest, one-offs) −0.6 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).

002357 screens 23% overvalued. Compare with Union Pacific Corporation →

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Cite: Fair Value Calculator (2026). "Sichuan Fulin Transportation Group Fair Value". https://www.fairvalue-calculator.com/stock/002357

Peer Group

Railroads · 111 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 46 · Below median
Fair Value upside −23% · Below median
Return on equity (TTM) 10% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 5% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 17.8× · Cheaper than median
P/B 1.80× · Pricier than median
P/S (TTM) 3.78× · Pricier than median
EV/EBITDA 27.0× · Pricier than 75% of peers

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 3 · sector 28
FUTURE 0 · sector 20
PAST 39 · sector 31
HEALTH 100 · sector 88
DIVIDEND 11 · sector 41

Insider activity: 40/100

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 Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $301.75 $144.60 -52%
CSX Corporation CSX $49.41 $12.85 -74%
Canadian Pacific Kansas City Limited CP $92.91 $35.00 -62%
Canadian National Railway Company CNI $128.22 $92.63 -28%
Norfolk Southern Corporation NSC $327.47 $117.90 -64%
Westinghouse Air Brake Technologies Corporation WAB $259.71 $144.80 -44%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.82 ¥5.65 +17%
CRRC Corporation 601766 ¥5.65 ¥9.53 +69%
Daqin Railway Co 601006 ¥4.85 ¥6.24 +29%
Hyundai Rotem Company 064350 167,700 KRW 125,182 KRW -25%

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Frequently asked questions

Is Sichuan Fulin Transportation Group (002357) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥7.01 versus a price of ¥9.06, about −23% (overvalued).
What is the fair value of 002357?
Our model-based fair value for Sichuan Fulin Transportation Group is ¥7.01 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥9.06.
What is the quality score of 002357?
Sichuan Fulin Transportation Group has a Quality Score of 46/100. 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 Sichuan Fulin Transportation Group (002357)?
Sichuan Fulin Transportation Group reported trailing-twelve-month revenue of about 812M CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002357?
The net profit margin of Sichuan Fulin Transportation Group is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.
Does Sichuan Fulin Transportation Group pay a dividend?
Sichuan Fulin Transportation Group currently shows a dividend yield of about 0.53% relative to its recent price (as of Jul 22, 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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