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Rizhao Port Co (600017) Fair Value & Analysis

Industrials · CN · Market cap 8.5B CNY

RP Rizhao Port Co 600017 · SHG
Price¥2.68
Fair Value¥2.73
Upside+1.9%
Quality44/100
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Expensive Growth
Thin margins · 5.7% net margin
Moderate debt · negative free cash flow
2.64% dividend yield
Trails peers (5/14)
Narrow moat 36/100
Evidence: Medium Range ¥2.53 – ¥3.42 Share as image

Fair value as of: Aug 6, 2026

From 16 valuation models · updated 4 days ago

Share price +2.3% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥2.53 (bear) to ¥3.42 (bull), base ¥2.73. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥3.47 ¥2.45 Fair Value ¥2.73 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range ¥2.45 – ¥3.47 · fair‑value band ¥2.53 – ¥3.42 · the ¥2.68 price screens below the ¥2.73 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Rizhao Port Co (600017) currently trades at ¥2.68, while our model-based Fair Value estimate is ¥2.73, implying the stock looks roughly 1.9% fairly valued today. The Quality Score stands at 44/100 (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, Rizhao Port Co generated revenue of 7.7B CNY at a net margin of 5.7%. Revenue declined 7.2% year over year. It earns a return on equity of 3.2%. Net debt stands at 17.8B CNY. Fundamentals as of Aug 6, 2026

Our scenario range runs from ¥2.53 (bear case) to ¥3.42 (bull case); at ¥2.68, 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 21% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 2%, 600017 screens richer 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
Residual Income ¥3.32 ¥3.28 ¥2.87 76
ROIC Compounder ¥0.2300 72
Gordon GGM ¥1.05 ¥2.08 ¥3.15 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥1.09 ¥3.76 ¥5.05 54
Lynch FV ¥0.8700 ¥1.24 ¥1.61 50
PEG = 1.0 ¥0.8700 ¥1.24 ¥1.61 46
EPV ¥0.2300 59
Dividend Discount
Gordon GGM ¥1.05 ¥2.08 ¥3.15 70
DDM Multi-Stage ¥1.05 ¥1.78 ¥2.20 61
Multiples
P/E Multiple ¥2.53 ¥3.38 ¥4.22 63
P/S Multiple ¥2.05 ¥2.73 ¥3.42 58
P/B Multiple ¥2.05 ¥2.73 ¥3.42 55
EV/EBIT ¥1.26 ¥2.84 ¥4.41 53
EV/EBITDA ¥5.70 ¥8.75 ¥11.81 54
EV/Revenue ¥1.11 ¥2.48 43
Asset-Based
NCAV (Graham) ¥2.27 ¥3.04 ¥4.54 50
Economic Profit
Residual Income ¥3.32 ¥3.28 ¥2.87 76
ROIC Compounder ¥0.2300 72
Growth Earnings
Growth-Adj P/E ¥2.17 ¥3.10 ¥4.03 68

Widest divergence: Economic Profit (¥3.28) versus Earnings-Based (¥1.24). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 7.7B CNY
Revenue growth (YoY) -7.2%
Net margin 5.7%
Return on equity 3.2%
Free cash flow −44.9M CNY FY2025
P/E ratio 19.6
More key figures
Operating margin 13.4%
EPS (TTM) ¥0.1400
Dividend yield 2.6%
EPS growth (YoY) -40.0%
Net debt 17.8B CNY FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 41

Profitability 19
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 89
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

Rizhao Port Co.,Ltd, together with its subsidiaries, provides transportation and port services in China. It is involved in the loading and unloading, storage, and transit of bulk and general cargoes, such as containers, grain, timber, wood, steel, non-metallic ore, cement, etc.

Full company description

Rizhao Port Co.,Ltd, together with its subsidiaries, provides transportation and port services in China. It is involved in the loading and unloading, storage, and transit of bulk and general cargoes, such as containers, grain, timber, wood, steel, non-metallic ore, cement, etc. The company also provides warehousing and other logistics value-added services; and acts as port cargo transportation agency. The company was founded in 2002 and is based in Rizhao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rizhao Port Co reported revenue of ¥7.8B in FY2025 versus ¥6.5B in FY2021, a compound +4.7%/yr. Reported net income was ¥495M in FY2025, compounding −9.5%/yr from FY2021.

Growth Quality 28/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
7.8B CNY
Latest YoY
−7.6%
Avg. growth/yr (3Y)
−2.6%
Avg. growth/yr (5Y)
+6.3%
Avg. growth/yr (22Y)
+13.0%
Revenue +4.7%/yr
FY21 ¥6.5B
FY22 ¥8.5B
FY23 ¥8.2B
FY24 ¥8.5B
FY25 ¥7.8B
Net income −9.5%/yr
FY21 ¥737M
FY22 ¥708M
FY23 ¥641M
FY24 ¥655M
FY25 ¥495M

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Cite: Fair Value Calculator (2026). "Rizhao Port Co Fair Value". https://www.fairvalue-calculator.com/stock/600017

Peer Group

Marine Shipping · 231 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 44 · Below median
Fair Value upside +2% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 13% · Below median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.84× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 19.6× · Pricier than median
P/B 0.61× · Cheaper than 75% of peers
P/S (TTM) 1.10× · Cheaper than median
EV/EBITDA 7.7× · Pricier than median
PEG 1.09× · 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 36 · sector 29
FUTURE 0 · sector 18
PAST 13 · sector 27
HEALTH 58 · sector 88
DIVIDEND 53 · sector 47

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is Rizhao Port Co (600017) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of ¥2.73 versus a price of ¥2.68, about +2% (fairly valued).
What is the fair value of 600017?
Our model-based fair value for Rizhao Port Co is ¥2.73 (as of Aug 6, 2026), built from audited fundamentals. The current price is ¥2.68.
What is the quality score of 600017?
Rizhao Port Co has a Quality Score of 44/100. 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 Rizhao Port Co (600017)?
Rizhao Port Co reported trailing-twelve-month revenue of about 7.7B CNY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 600017?
The net profit margin of Rizhao Port Co is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Rizhao Port Co pay a dividend?
Rizhao Port Co currently shows a dividend yield of about 2.80% relative to its recent price (as of Aug 6, 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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