Sinopec Shanghai Petrochemical Co Ltd Class H (0338) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Sinopec Shanghai Petrochemical Co Ltd Class H stock HK$1.95, price HK$1.21, upside +62.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
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Sinopec Shanghai Petrochemical Co Ltd Class H
0338 · HKThe stock costs 38% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range HK$0.9823 – HK$1.99 · fair‑value band HK$1.46 – HK$2.92 · the HK$1.21 price screens below the HK$1.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.
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Company profile
Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petroleum and chemical products in the People's Republic of China. The company operates through three segments: Refined Products, Chemical Products, and Petrochemical Products Trading.
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It offers gasoline, diesel, jet fuel, naphtha, fuel oil, LPG, asphalt, petroleum coke, and sulfur refining products; and ethylene oxide, industrial glycol, diethylene glycol for industrial use, tri ethylene glycol, vinyl acetate, polyvinyl alcohol, isoprene, m-pretendent, dicyclopentadiene, isoprene, pentane, industrial carbon 10 crude aromatic hydrocarbons, lyses naphthalene fractions, industrial pyrolysis carbon 9, polypropylene, industrial butadiene, petroleum benzene, petroleum toluene, ethylene, oil p-xylene, carbon black raw oil, ethylene tar, and butene-1 chemical products.
The company also provides high-pressure polyethylene products low-pressure polyethylene synthetic resin products; and acrylic, polyester slicing, polyester staple fiber synthetic products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China.
Sinopec Shanghai Petrochemical Company Limited operates as a subsidiary of China Petroleum & Chemical Corporation.
Stock analysis
Sinopec Shanghai Petrochemical Co Ltd Class H (0338) currently trades at HK$1.21, while our model-based Fair Value estimate is HK$1.95, implying the stock looks roughly 38% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: HK$1.46 (bear) to HK$2.92 (bull), the price of HK$1.21 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Energy sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Sinopec Shanghai Petrochemical Co Ltd Class H reported revenue of 62.4B CNY in FY2025 versus 75.9B CNY in FY2021, a compound −4.8%/yr. Reported net income was −1.6B CNY in FY2025.
Key figures
Market cap HK$12.7B (≈ $1.6B) Small · P/S ratio 0.17 · Dividend yield 2.0% · Net margin −0.9% · Return on equity −2.8% · Return on assets (EBIT) −2.4% (5-year average) · Operating margin −1.3% · Revenue (TTM) 75.0B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at 62%, 0338 screens cheaper than that median.
Fair Value models
All 1 models by family
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Watch 0338, get fair value alerts →
Compare Sinopec Shanghai Petrochemical Co Ltd Class H with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Oil & Gas Refining & Marketing · 115 stocks
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Indian Oil Corporation IOC | ₹146.85 | ₹245.43 | +67% | vs 0338 |
| Bharat Petroleum Corporation BPCL | ₹316.00 | ₹434.58 | +38% | vs 0338 |
| SK Innovation Co 096770 | 106,700 KRW | 134,361 KRW | +26% | vs 0338 |
| Reliance Industries Limited RELIANCE | ₹1,324 | ₹865.31 | −35% | vs 0338 |
| HF Sinclair Corporation DINO | $97.18 | $52.92 | −46% | vs 0338 |
| Neste Oyj NESTE | €27.45 | €11.70 | −57% | vs 0338 |
| Formosa Petrochemical Corporation 6505 | 88.40 TWD | 35.53 TWD | −60% | vs 0338 |
| Valero Energy Corporation VLO | $346.45 | $131.30 | −62% | vs 0338 |
| Phillips 66 PSX | $245.72 | $86.38 | −65% | vs 0338 |
| Marathon Petroleum Corporation MPC | $372.74 | $113.66 | −70% | vs 0338 |
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Frequently asked questions
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Key figures of Sinopec Shanghai Petrochemical Co Ltd Class H
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