Sichuan Road & Bridge Group (600039) Fair Value & Analysis
Industrials · CN · Market cap 74.9B CNY
Fair value as of: Aug 6, 2026
From 26 valuation models · updated 2 days ago
Share price +0.8% over the past month.
Below-average quality, screening 101% undervalued on our models.
What matters now
- Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥8.61 to ¥22.03) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 ¥3.06 – ¥10.58 · fair‑value band ¥8.61 – ¥22.03 · the ¥8.54 price screens below the ¥17.14 fair value. Dashed = 300-day average. As of Aug 6, 2026.
Analysis
Sichuan Road & Bridge Group (600039) currently trades at ¥8.54, while our model-based Fair Value estimate is ¥17.14, implying the stock looks roughly 100.7% undervalued today. We read business quality at 48/100 (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: high), always confirm before acting.
Over the trailing twelve months, Sichuan Road & Bridge Group generated revenue of 114B CNY at a net margin of 6.2%. Revenue declined 4.1% year over year. It earns a return on equity of 13.1%. Net debt stands at 39.7B CNY. Fundamentals as of Aug 6, 2026
Our scenario range runs from ¥8.61 (bear case) to ¥22.03 (bull case); at ¥8.54, 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 20% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 101%, 600039 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.
All 26 models by family
Widest divergence: Growth Earnings (¥23.72) versus Asset-Based (¥4.07). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 49
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
Sichuan Road & Bridge Group Co.,Ltd engages in the investment, development, construction, and operation of engineering construction, clean energy, and mining and new materials in China and internationally.
Full company description
Sichuan Road & Bridge Group Co.,Ltd engages in the investment, development, construction, and operation of engineering construction, clean energy, and mining and new materials in China and internationally. The company is involved project investment and asset management; highway management; highway, bridge, tunnel, building construction, municipal public works, highway traffic, earthwork, power, electromechanical installation, foundation, and building decoration engineering; ready-mixed concrete and precast concrete components; engineering survey and design; surveying services; planning management; engineering management services; construction machinery leasing and repair; building materials production; and wholesale and retail of goods. It also engages in the clean energy and new materials businesses, including hydropower and photovoltaic power generation; power transmission and distribution; new materials technology research and development; mineral processing; geological exploration of metallic and non-metallic mineral resources; sale of metallic ores, non-metallic minerals, non-ferrous metal alloys, and batteries; recycling and cascade utilization of waste power batteries from new energy vehicles; energy storage technology services; emerging energy technology research and development; and sale of chemical products. The company was founded in 1999 and is headquartered in Chengdu, China. Sichuan Road & Bridge Group Co.,Ltd operates as a subsidiary of Sichuan Railway Investment Group Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sichuan Road & Bridge Group reported revenue of ¥115B in FY2025 versus ¥103B in FY2021, a compound +2.9%/yr. Reported net income was ¥7.3B in FY2025, compounding +2.1%/yr from FY2021.
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Peer Group
Engineering & Construction · 832 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Enka Insaat ve Sanayi A.S., ENKAI | 86.35 TRY | 6.56 TRY | -92% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
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Frequently asked questions
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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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