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LC Logistics Inc (2490) Fair Value & Analysis

Industrials · HK · Market cap HK$2.8B

LL LC Logistics Inc 2490 · HK
PriceHK$4.61
Fair ValueHK$5.98
Upside+29.7%
Quality45/100
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Expensive Growth
Thin margins · 7.4% net margin
Low debt · negative free cash flow
Trails peers (5/13)
Narrow moat 33/100
Evidence: Medium Range HK$4.49 – HK$7.48 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$4.32 to HK$5.98 (+38.5%) since Aug 6, 2026. Share price +4.5% over the past month.

Below-average quality, screening 30% undervalued on our models.

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What matters now

  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from HK$4.49 (bear) to HK$7.48 (bull), base HK$5.98. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (3 years)

HK$16.14 HK$2.04 Fair Value HK$5.98 Sep 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

35‑month range HK$2.04 – HK$16.14 · fair‑value band HK$4.49 – HK$7.48 · the HK$4.61 price screens below the HK$5.98 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

LC Logistics Inc (2490) currently trades at HK$4.61, while our model-based Fair Value estimate is HK$5.98, implying the stock looks roughly 29.7% undervalued today. The Quality Score stands at 45/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, LC Logistics Inc generated revenue of HK$1.9B at a net margin of 7.4%. Revenue declined 18.9% year over year. It earns a return on equity of 10.3%. The balance sheet holds a net cash position of HK$334M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$4.49 (bear case) to HK$7.48 (bull case); at HK$4.61, 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 48% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 26% fair-value upside, at 30%, 2490 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 HK$2.07 HK$2.25 HK$2.68 76
ROIC Compounder HK$1.73 HK$1.89 HK$2.04 72
Gordon GGM HK$1.62 HK$3.22 HK$4.88 70
All 16 models by family
Earnings-Based
Graham-Dodd HK$1.49 HK$4.49 HK$5.96 54
Lynch FV HK$0.9600 HK$1.37 HK$1.78 50
PEG = 1.0 HK$0.9600 HK$1.37 HK$1.78 46
EPV HK$1.73 HK$1.89 HK$2.04 59
Dividend Discount
Gordon GGM HK$1.62 HK$3.22 HK$4.88 70
DDM Multi-Stage HK$1.62 HK$2.60 HK$3.40 61
Multiples
P/E Multiple HK$3.44 HK$4.59 HK$5.74 63
P/S Multiple HK$2.79 HK$3.72 HK$4.65 58
P/B Multiple HK$2.79 HK$3.72 HK$4.65 55
EV/EBIT HK$2.31 HK$2.86 HK$3.40 53
EV/EBITDA HK$3.28 HK$4.15 HK$5.02 54
EV/Revenue HK$1.85 HK$2.35 HK$2.85 43
Asset-Based
NCAV (Graham) HK$1.21 HK$1.63 HK$2.43 50
Economic Profit
Residual Income HK$2.07 HK$2.25 HK$2.68 76
ROIC Compounder HK$1.73 HK$1.89 HK$2.04 72
Growth Earnings
Growth-Adj P/E HK$2.82 HK$4.03 HK$5.24 68

Widest divergence: Growth Earnings (HK$4.03) versus Earnings-Based (HK$1.37). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$1.9B
Revenue growth (YoY) -18.9%
Net margin 7.4%
Return on equity 10.3%
Free cash flow −HK$197M FY2025
P/E ratio 16.2 as of Jul 2, 2026
More key figures
Operating margin 3.9%
EPS (TTM) HK$0.1900
EPS growth (YoY) -93.1%
Net cash HK$334M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 49 · Market factors (momentum, volatility) 26

Profitability 43
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 18
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 80
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

LC Logistics, Inc., a freight forwarding company, provides integrated cross-border seaborne logistics and time charter services in Mainland China and internationally. The company offers cross-border logistics services, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit, and last-mile delivery.

Full company description

LC Logistics, Inc., a freight forwarding company, provides integrated cross-border seaborne logistics and time charter services in Mainland China and internationally. The company offers cross-border logistics services, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit, and last-mile delivery. It also offers vessel chartering; and e-commerce services, as well as involved in the leasing of its container vessels to third parties; and trading of imported goods. The company was founded in 2004 and is based in Qingdao, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LC Logistics Inc reported revenue of HK$1.8B in FY2025 versus HK$4.2B in FY2021, a compound −18.8%/yr. Reported net income was HK$134M in FY2025, compounding −23.1%/yr from FY2021.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$1.8B
Latest YoY
−6.3%
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.
−26.6%
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.
+18.5%
Revenue −18.8%/yr
FY21 HK$4.2B
FY22 HK$4.6B
FY23 HK$1.2B
FY24 HK$1.9B
FY25 HK$1.8B
Net income −23.1%/yr
FY21 HK$384M
FY22 HK$381M
FY23 HK$119M
FY24 HK$396M
FY25 HK$134M

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Cite: Fair Value Calculator (2026). "LC Logistics Inc Fair Value". https://www.fairvalue-calculator.com/stock/2490

Peer Group

Integrated Freight & Logistics · 217 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 45 · Below median
Fair Value upside +30% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 2% · Below median
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 4% · Below median
Revenue growth -19% · Bottom 25%
Dividend yield (TTM) 4.1% · Above median
Debt / equity 0.01× · Lower than 75% of peers

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

P/E (TTM) 16.2× · Pricier than median
P/B 1.87× · Pricier than median
P/S (TTM) 1.49× · Pricier than 75% of peers
EV/EBITDA 18.9× · 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 73 · sector 40
FUTURE 0 · sector 8
PAST 41 · sector 26
HEALTH 100 · sector 94
DIVIDEND 81 · sector 63

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $103.91 $103.34 -1%
FedEx Corporation FDX $326.77 $347.68 +6%
Deutsche Post AG DHL €55.32 €53.18 -4%
DSV A/S DSV kr 1,380 kr 712.57 -48%
J.B. Hunt Transport Services, Inc JBHT $275.96 $133.80 -52%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
ZTO Express (Cayman) Inc 2057 HK$178.20 HK$224.41 +26%
Hyundai Glovis Co 086280 199,700 KRW 468,982 KRW +135%
YTO Express Group 600233 ¥18.48 ¥26.51 +43%
JD Logistics, Inc 2618 HK$14.17 HK$21.45 +51%

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Frequently asked questions

Is LC Logistics Inc (2490) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$5.98 versus a price of HK$4.61, about +30% (undervalued).
What is the fair value of 2490?
Our model-based fair value for LC Logistics Inc is HK$5.98 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$4.61.
What is the quality score of 2490?
LC Logistics Inc has a Quality Score of 45/100. 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 LC Logistics Inc (2490)?
LC Logistics Inc reported trailing-twelve-month revenue of about HK$1.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2490?
The net profit margin of LC Logistics Inc is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.

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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