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Hichain Logistics Co (300873) Fair Value & Analysis

Industrials · CN · Market cap 5.4B CNY

HL Hichain Logistics Co 300873 · SHE
Price¥16.85
Fair Value¥24.10
Upside+43.0%
Quality58/100
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Expensive Growth
Solidly profitable · 10.7% net margin
Low debt · generates free cash flow
1.43% dividend yield
Mixed vs. peers (7/14)
Moderate moat 46/100
Evidence: Medium Range ¥18.06 – ¥30.13 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price −42.9% over the past month.

A solid business, screening 43% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥18.06). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥32.41 ¥12.92 Fair Value ¥24.10 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥12.92 – ¥32.41 · fair‑value band ¥18.06 – ¥30.13 · the ¥16.85 price screens below the ¥24.10 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Hichain Logistics Co (300873) currently trades at ¥16.85, while our model-based Fair Value estimate is ¥24.10, implying the stock looks roughly 43.0% undervalued today. The Quality Score stands at 58/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Hichain Logistics Co generated revenue of 2.0B CNY at a net margin of 10.7%. Revenue grew 13.4% year over year. It earns a return on equity of 6.3%. The stock trades on a trailing P/E of 25.9. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥18.06 (bear case) to ¥30.13 (bull case); at ¥16.85, the current price sits below 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 39% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 43%, 300873 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 ¥13.04 ¥17.73 ¥25.34 80
Residual Income ¥11.49 ¥12.30 ¥13.80 76
Rev-Margin DCF ¥15.60 ¥23.15 ¥33.00 74
All 24 models by family
DCF Models
FCF DCF ¥13.12 ¥18.35 ¥27.22 38
Owner Earnings ¥9.80 ¥12.37 ¥16.75 31
5Y Revenue Exit ¥15.60 ¥23.45 ¥34.32 39
5Y EBITDA Exit ¥23.49 ¥39.88 ¥60.93 41
5Y P/E Exit ¥19.90 ¥32.41 ¥47.00 38
10Y Revenue Exit ¥14.33 ¥21.42 ¥32.67 36
10Y EBITDA Exit ¥19.81 ¥33.25 ¥54.66 37
10Y P/E Exit ¥17.47 ¥27.88 ¥43.15 35
Earnings-Based
Graham-Dodd ¥7.80 ¥37.51 ¥51.63 54
Lynch FV ¥10.01 ¥14.30 ¥18.59 50
PEG = 1.0 ¥10.01 ¥14.30 ¥18.59 46
EPV ¥17.93 ¥19.73 ¥21.28 59
Multiples
P/E Multiple ¥18.08 ¥24.10 ¥30.13 63
P/S Multiple ¥12.34 ¥16.46 ¥20.57 58
P/B Multiple ¥14.63 ¥19.51 ¥24.39 55
EV/EBIT ¥26.70 ¥33.41 ¥40.12 53
EV/EBITDA ¥30.44 ¥38.40 ¥46.36 54
EV/Revenue ¥16.93 ¥21.38 ¥25.82 43
Asset-Based
NCAV (Graham) ¥6.96 ¥9.32 ¥13.92 50
Growth DCF
Growth DCF ¥13.04 ¥17.73 ¥25.34 80
Rev-Margin DCF ¥15.60 ¥23.15 ¥33.00 74
Economic Profit
Residual Income ¥11.49 ¥12.30 ¥13.80 76
ROIC Compounder ¥19.35 ¥23.77 ¥29.61 72
Growth Earnings
Growth-Adj P/E ¥15.64 ¥22.34 ¥29.04 68

Widest divergence: DCF Models (¥23.45) versus Asset-Based (¥9.32). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.0B CNY
Revenue growth (YoY) +13.4%
Net margin 10.7%
Return on equity 6.3%
Free cash flow 122M CNY FY2025
P/E ratio 25.9
More key figures
Operating margin 13.2%
EPS (TTM) ¥0.9100
Dividend yield 1.4%
EPS growth (YoY) -97.9%

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 60 · Market factors (momentum, volatility) 27

Profitability 35
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 9
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

Hichain Logistics Co.,Ltd. provides integrated logistics services in China and internationally. The company offers road transportation services, such as cross-border, route planning, visible tracking, and online booking services. It also provides warehousing services, including material, kitting, equipment, quality test/repair, and after-sales services.

Full company description

Hichain Logistics Co.,Ltd. provides integrated logistics services in China and internationally. The company offers road transportation services, such as cross-border, route planning, visible tracking, and online booking services. It also provides warehousing services, including material, kitting, equipment, quality test/repair, and after-sales services. In addition, the company offers custom brokerage services, such as customs or quarantine, tariff classification, path designing, import and export agency, and consulting services. Further, it engages in the integrated zone services, including logistics platform, and station management activities, as well as offers zone planning, platform management, CBEC and business support services. Additionally, the company provides international freight forwarding which includes system customization, ocean/air agency, multimodal freight, data management, control tower, and certificate brokerage services. Hichain Logistics Co.,Ltd. was founded in 2011 and is based in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hichain Logistics Co reported revenue of ¥1.9B in FY2025 versus ¥1.5B in FY2021, a compound +6.6%/yr. Reported net income was ¥265M in FY2025, compounding −3.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.9B CNY
Latest YoY
+15.0%
Avg. growth/yr (3Y)
+1.8%
Avg. growth/yr (5Y)
+12.1%
Avg. growth/yr (8Y)
+13.9%
Revenue +6.6%/yr
FY21 ¥1.5B
FY22 ¥1.8B
FY23 ¥1.8B
FY24 ¥1.7B
FY25 ¥1.9B
Net income −3.8%/yr
FY21 ¥309M
FY22 ¥358M
FY23 ¥281M
FY24 ¥293M
FY25 ¥265M

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Cite: Fair Value Calculator (2026). "Hichain Logistics Co Fair Value". https://www.fairvalue-calculator.com/stock/300873

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 58 · Above median
Fair Value upside +43% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 3% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 13% · Top 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.05× · Lower than median

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

P/E (TTM) 25.9× · Pricier than median
P/B 1.70× · Pricier than median
P/S (TTM) 2.79× · Pricier than 75% of peers
P/FCF 6.6× · Pricier than median
EV/EBITDA 10.8× · Pricier 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 91 · sector 45
FUTURE 67 · sector 8
PAST 25 · sector 26
HEALTH 98 · sector 94
DIVIDEND 29 · 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 9, 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 Hichain Logistics Co (300873) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥24.10 versus a price of ¥16.85, about +43% (undervalued).
What is the fair value of 300873?
Our model-based fair value for Hichain Logistics Co is ¥24.10 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥16.85.
What is the quality score of 300873?
Hichain Logistics Co has a Quality Score of 58/100. 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 Hichain Logistics Co (300873)?
Hichain Logistics Co reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300873?
The net profit margin of Hichain Logistics Co is about 10.7%, meaning it keeps roughly 10.7% of revenue as net income. Based on the latest reported figures.
Does Hichain Logistics Co pay a dividend?
Hichain Logistics Co currently shows a dividend yield of about 1.43% relative to its recent price (as of Jul 9, 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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