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Jiangsu Zhongshe Group Co Ltd (002883) Fair Value & Analysis

Industrials · CN · Market cap 1.4B CNY (≈ $203M) · ISIN CNE100002N02

What is Jiangsu Zhongshe Group Co Ltd really worth?

JZ Jiangsu Zhongshe Group Co Ltd 002883 · SHE
Price¥9.57
Fair Value¥1.14
Upside−88.1%
Quality41/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Below-average quality, and trading another 740% above our fair value of ¥1.14.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −4.9 %/yr)
!Loss-making · -5.2% net margin
!Mixed vs. peers (7/13)
!Narrow moat 20/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ¥0.8400 – ¥1.44

Fair value as of: Aug 21, 2026

From 12 valuation models · updated 12 days ago

Share price +12.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥1.44). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

¥16.79 ¥7.29 Fair Value ¥1.14 Mar 2021 Sep 2026

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

How to read this chart

60‑month range ¥7.29 – ¥16.79 · fair‑value band ¥0.8400 – ¥1.44 · the ¥9.57 price screens above the ¥1.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

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Analysis

Jiangsu Zhongshe Group Co Ltd (002883) currently trades at ¥9.57, while our model-based Fair Value estimate is ¥1.14, implying the stock looks roughly 739.6% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of ¥3.67 per share, and 0 of the 12 models we run sit above the ¥9.57 price. Bear case: the Multiples group reads lowest at ¥1.84, and 12 of the 12 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Jiangsu Zhongshe Group Co Ltd generated revenue of 381M CNY at a net margin of −5.2%. Revenue grew 93.4% year over year. It earns a return on equity of −2.6%. Net debt stands at 11.1M CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥0.8400 (bear case) to ¥1.44 (bull case); at ¥9.57, the current price sits above 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 43% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −88%, 002883 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence ¥2.68 ¥3.75 ¥5.26 81
Growth DCF ¥2.68 ¥3.67 ¥5.01 79
5Y EBITDA Exit ¥1.92 ¥2.50 ¥3.16 77
All 12 models by family
DCF Models
FCF DCF best evidence ¥2.68 ¥3.75 ¥5.26 81
5Y Revenue Exit ¥2.54 ¥3.70 ¥5.19 73
5Y EBITDA Exit ¥1.92 ¥2.50 ¥3.16 77
10Y Revenue Exit ¥2.52 ¥3.54 ¥4.97 67
10Y EBITDA Exit ¥2.21 ¥2.77 ¥3.51 70
Dividend Discount
Gordon GGM ¥1.35 ¥2.43 ¥3.35 68
DDM Multi-Stage ¥1.35 ¥2.22 ¥2.60 67
Multiples
EV/EBITDA ¥1.54 ¥1.84 ¥2.15 67
EV/Revenue ¥2.53 ¥3.35 ¥4.16 54
Asset-Based
NCAV (Graham) ¥1.50 ¥2.01 ¥2.99 54
Growth DCF
Growth DCF ¥2.68 ¥3.67 ¥5.01 79
Rev-Margin DCF ¥2.54 ¥3.69 ¥5.08 73

Widest divergence: Growth DCF (¥3.67) versus Multiples (¥1.84). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/S ratio 3.58 TTM
EPS (TTM) ¥−0.1300
Dividend yield 2.0%
Net margin −7.4% FY2025
Return on equity −2.6% TTM
Return on assets (EBIT) 3.4% avg 5y
More key figures
Profitability
Operating margin 6.0% TTM
Growth
Revenue (TTM) 381M CNY TTM
Revenue growth (YoY) +93.4% 3y avg −20.9%
EPS growth (YoY) +85.7%
Balance sheet & cash flow
Free cash flow 32.6M CNY FY2025
Net debt 11.1M CNY FY2025 · ≈ 0.3 yrs of FCF

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 33

Profitability 7
Margins and returns on capital today
Quality Growth 5
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 45
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Jiangsu Zhongshe Group Co., Ltd. provides engineering design consulting and general contracting services in the field of transportation, municipal administration, construction, and environment in China.

Full company description

Jiangsu Zhongshe Group Co., Ltd. provides engineering design consulting and general contracting services in the field of transportation, municipal administration, construction, and environment in China. The company engages in the comprehensive transportation planning for regions and cities; special transportation planning for highways, water transportation, passenger and freight hubs, ports, logistics, etc.; planning and design of transportation organization; and design, consultation, supervision, survey, test and inspection, project management, and general contracting of highways, bridges, tunnels, ports, waterways, traffic safety facilities, tracks, water supply, drainage, lighting, intelligent transportation, and other projects. It is also involved in the planning of urban express road network, public transportation, parking lots, and intelligent transportation; planning and design of urban furniture, transportation hubs, urban complexes, and urban renewal; and construction of small towns and stations. In addition, the company offers architectural engineering design, survey, supervision, test and inspection, project management, and general contracting services. Further, it engages in the planning, design, supervision, and livable city, sponge city, wetland park, landscape, sewage treatment, river treatment, garbage treatment, solid waste, hazardous waste treatment, soil treatment, and other activities. The company was formerly known as Wuxi Traffic Planning and Design Research Institute. Jiangsu Zhongshe Group Co., Ltd. was founded in 1986 and is headquartered in Wuxi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Zhongshe Group Co Ltd reported revenue of 370M CNY in FY2025 versus 606M CNY in FY2021, a compound −11.6%/yr. Reported net income was −27.4M CNY in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
370M CNY
Latest YoY
−39.1%
Avg. revenue 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.
−20.9%
Avg. revenue 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.
−4.9%
Avg. revenue growth/yr (13Y) 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.
+9.2%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −11.6%/yr
FY21 606M CNY
FY22 746M CNY
FY23 741M CNY
FY24 607M CNY
FY25 370M CNY
Net income
FY21 60.5M CNY
FY22 51.7M CNY
FY23 42.8M CNY
FY24 10.2M CNY
FY25 −27.4M CNY
Character of growth · EPS growth decomposed (2013-2024) +0.4 % p.a.
Revenue per share +13.9 %

of which total revenue +19.1 % · buybacks/dilution −4.3 %

EBIT margin −12.5 %
Tax rate +1.1 %
Residual (interest, one-offs) −0.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

002883 screens 740% overvalued. Compare with Quanta Services, Inc →

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Cite: Fair Value Calculator (2026). "Jiangsu Zhongshe Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002883

Peer Group

Engineering & Construction · 836 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 41 · Below median
Fair Value upside −88% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) −5% · Bottom 25%
Operating margin (TTM) 6% · Above median
Revenue growth 93% · Top 25%
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.43× · Cheaper than 75% of peers
P/S (TTM) 0.53× · Cheaper than median
P/FCF 6.2× · Pricier than median
EV/EBITDA 4.8× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 17
FUTURE100 · sector 13
PAST0 · sector 25
HEALTH96 · sector 94
DIVIDEND40 · sector 39

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $616.73 $143.92 −77%
Vinci SA DG €114.35 €185.62 +62%
Comfort Systems USA, Inc FIX $1,615 $519.97 −68%
Larsen & Toubro Limited LT ₹4,072 ₹2,196 −46%
Ferrovial N.V FER €57.28 €19.17 −67%
HOCHTIEF Aktiengesellschaft HOT €426.40 €203.87 −52%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW −27%
EMCOR Group EME $775.04 $549.47 −29%
MasTec, Inc MTZ $241.00 $100.00 −59%
Bouygues SA EN €46.65 €65.67 +41%

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Frequently asked questions

Is Jiangsu Zhongshe Group Co Ltd (002883) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥1.14 versus a price of ¥9.57, about −88% upside (overvalued).
What is the fair value of 002883?
Our model-based fair value for Jiangsu Zhongshe Group Co Ltd is ¥1.14 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥9.57.
What is the quality score of 002883?
Jiangsu Zhongshe Group Co Ltd has a Quality Score of 41/100. 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 Jiangsu Zhongshe Group Co Ltd (002883)?
Jiangsu Zhongshe Group Co Ltd reported trailing-twelve-month revenue of about 381M CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 002883?
The net profit margin of Jiangsu Zhongshe Group Co Ltd is about −5.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Jiangsu Zhongshe Group Co Ltd pay a dividend?
Jiangsu Zhongshe Group Co Ltd currently shows a dividend yield of about 1.99% relative to its recent price (as of Aug 21, 2026).
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