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STO Express Co (002468) Fair Value & Analysis

Industrials · CN · Market cap 20.5B CNY

SE STO Express Co 002468 · SHE
Price¥14.58
Fair Value¥18.78
Upside+28.8%
Quality56/100
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Mixed Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
0.72% dividend yield
Ranks above peers (11/15)
Narrow moat 40/100
Evidence: High Range ¥12.34 – ¥27.65 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price −13.3% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥12.34 to ¥27.65) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥19.34 ¥6.35 Fair Value ¥18.78 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 ¥6.35 – ¥19.34 · fair‑value band ¥12.34 – ¥27.65 · the ¥14.58 price screens below the ¥18.78 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

STO Express Co (002468) currently trades at ¥14.58, while our model-based Fair Value estimate is ¥18.78, implying the stock looks roughly 28.8% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, STO Express Co generated revenue of 59.3B CNY at a net margin of 2.7%. Revenue grew 30.7% year over year. It earns a return on equity of 15.0%. Net debt stands at 3.6B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥12.34 (bear case) to ¥27.65 (bull case); at ¥14.58, 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 27% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 29%, 002468 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥6.48 ¥12.24 ¥23.87 80
Residual Income ¥6.69 ¥8.23 ¥20.56 76
Rev-Margin DCF ¥12.27 ¥25.51 ¥51.34 74
All 26 models by family
DCF Models
FCF DCF ¥6.91 ¥10.99 ¥23.98 38
Owner Earnings ¥3.91 ¥9.16 ¥20.19 31
5Y Revenue Exit ¥11.74 ¥22.30 ¥44.57 39
5Y EBITDA Exit ¥22.25 ¥43.56 ¥85.50 41
5Y P/E Exit ¥12.37 ¥29.79 ¥53.83 38
10Y Revenue Exit ¥10.00 ¥26.46 ¥38.26 36
10Y EBITDA Exit ¥18.23 ¥49.09 ¥105.53 37
10Y P/E Exit ¥11.03 ¥27.83 ¥56.20 35
Earnings-Based
Graham-Dodd ¥6.08 ¥42.40 ¥59.50 54
Lynch FV ¥17.74 ¥25.35 ¥32.95 50
PEG = 1.0 ¥17.74 ¥25.35 ¥32.95 46
EPV ¥11.00 ¥12.87 ¥14.50 59
Dividend Discount
Gordon GGM ¥0.9800 ¥2.04 ¥3.24 70
DDM Multi-Stage ¥0.9800 ¥1.72 ¥2.14 61
Multiples
P/E Multiple ¥14.08 ¥18.78 ¥23.47 63
P/S Multiple ¥11.40 ¥15.20 ¥19.00 58
P/B Multiple ¥11.40 ¥15.20 ¥19.00 55
EV/EBIT ¥17.10 ¥22.87 ¥28.64 53
EV/EBITDA ¥26.95 ¥36.00 ¥45.05 54
EV/Revenue ¥12.15 ¥17.44 ¥22.74 43
Asset-Based
NCAV (Graham) ¥3.57 ¥4.78 ¥7.13 50
Growth DCF
Growth DCF ¥6.48 ¥12.24 ¥23.87 80
Rev-Margin DCF ¥12.27 ¥25.51 ¥51.34 74
Economic Profit
Residual Income ¥6.69 ¥8.23 ¥20.56 76
ROIC Compounder ¥14.59 ¥21.31 ¥26.28 72
Growth Earnings
Growth-Adj P/E ¥22.08 ¥31.54 ¥41.00 68

Widest divergence: Growth Earnings (¥31.54) versus Dividend Discount (¥1.72). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 59.3B CNY
Revenue growth (YoY) +30.7%
Net margin 2.7%
Return on equity 15.0%
Free cash flow 647M CNY FY2025
P/E ratio 12.8
More key figures
Operating margin 4.3%
EPS (TTM) ¥1.05
Dividend yield 0.7%
EPS growth (YoY) +87.5%
Net debt 3.6B CNY FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 54

Profitability 47
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 81
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

STO Express Co.,Ltd provides express delivery services in China and internationally. It offers delivery, warehousing, and personal mail services; courier accessories comprising courier packaging materials such as envelopes, document bags, and cardboard boxes; and value-added services, including pre-sale, Shendongdong service and other products.

Full company description

STO Express Co.,Ltd provides express delivery services in China and internationally. It offers delivery, warehousing, and personal mail services; courier accessories comprising courier packaging materials such as envelopes, document bags, and cardboard boxes; and value-added services, including pre-sale, Shendongdong service and other products. The company was founded in 1993 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

STO Express Co reported revenue of ¥55.6B in FY2025 versus ¥25.3B in FY2021, a compound +21.8%/yr. Reported net income was ¥1.4B in FY2025.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
55.6B CNY
Latest YoY
+17.8%
Avg. growth/yr (3Y)
+18.2%
Avg. growth/yr (5Y)
+20.8%
Avg. growth/yr (18Y)
+27.8%
Revenue +21.8%/yr
FY21 ¥25.3B
FY22 ¥33.7B
FY23 ¥40.9B
FY24 ¥47.2B
FY25 ¥55.6B
Net income
FY21 −¥909M
FY22 ¥288M
FY23 ¥341M
FY24 ¥1.0B
FY25 ¥1.4B

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Cite: Fair Value Calculator (2026). "STO Express Co Fair Value". https://www.fairvalue-calculator.com/stock/002468

Peer Group

Integrated Freight & Logistics · 219 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 56 · Above median
Fair Value upside +29% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 31% · Top 25%
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 12.8× · Cheaper than median
P/B 1.88× · Pricier than median
P/S (TTM) 0.35× · Cheaper than median
P/FCF 4.7× · Pricier than median
EV/EBITDA 5.4× · Cheaper than median
PEG 0.77× · Cheaper 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 72 · sector 45
FUTURE 100 · sector 8
PAST 60 · sector 26
HEALTH 89 · sector 94
DIVIDEND 14 · sector 55

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is STO Express Co (002468) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥18.78 versus a price of ¥14.58, about +29% (undervalued).
What is the fair value of 002468?
Our model-based fair value for STO Express Co is ¥18.78 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥14.58.
What is the quality score of 002468?
STO Express Co has a Quality Score of 56/100. 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 STO Express Co (002468)?
STO Express Co reported trailing-twelve-month revenue of about 59.3B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002468?
The net profit margin of STO Express Co is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does STO Express Co pay a dividend?
STO Express Co currently shows a dividend yield of about 0.72% 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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