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CCS Supply Chain Management Co Ltd (600180) Fair Value & Analysis

Industrials · CN · Market cap 1.7B CNY

CS CCS Supply Chain Management Co Ltd 600180 · SHG
Price¥1.53
Fair Value¥0.5400
Upside-64.7%
Quality34/100
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Risks

!Trades 183% ABOVE our fair value of ¥0.5400
!Mixed Growth (revenue 5y −4.8 %/yr)
!Loss-making · -20.5% net margin
!Low debt · negative free cash flow
Mixed Growth (revenue 5y −4.8 %/yr)
Loss-making · -20.5% net margin
Low debt · negative free cash flow
0.64% dividend yield
Trails peers (2/11)
Narrow moat 9/100
Evidence: Medium Range ¥0.3600 – ¥1.38 Share as image

Fair value as of: Aug 21, 2026

From 8 valuation models · updated 4 days ago

Fair value updated Aug 21, 2026, revised from ¥0.2700 to ¥0.5400 (+100.0%) since Aug 13, 2026. Share price +15.0% over the past month.

Below-average quality, and trading another 183% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (¥1.38). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (¥0.3600 to ¥1.38). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

¥9.93 ¥1.08 Fair Value ¥0.5400 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ¥1.08 – ¥9.93 · fair‑value band ¥0.3600 – ¥1.38 · the ¥1.53 price screens above the ¥0.5400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

CCS Supply Chain Management Co Ltd (600180) currently trades at ¥1.53, while our model-based Fair Value estimate is ¥0.5400, implying the stock looks roughly 64.7% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, CCS Supply Chain Management Co Ltd generated revenue of 16.9B CNY at a net margin of -20.5%. It earns a return on equity of -56.7%. Net debt stands at 4.6B CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥0.3600 (bear case) to ¥1.38 (bull case); at ¥1.53, the current price sits above 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 70% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -4% fair-value upside, at -65%, 600180 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 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
ROIC Compounder ¥0.2300 ¥0.3300 ¥0.4200 72
Gordon GGM ¥1.78 ¥3.21 ¥4.41 70
DDM Multi-Stage ¥1.78 ¥2.93 ¥3.42 61
All 8 models by family
Earnings-Based
EPV ¥0.2300 ¥0.3300 ¥0.4200 59
Dividend Discount
Gordon GGM ¥1.78 ¥3.21 ¥4.41 70
DDM Multi-Stage ¥1.78 ¥2.93 ¥3.42 61
Multiples
EV/EBIT ¥1.72 ¥2.47 ¥3.22 53
EV/EBITDA ¥2.41 ¥3.39 ¥4.37 54
EV/Revenue ¥1.08 ¥1.77 ¥2.45 43
Asset-Based
NCAV (Graham) ¥2.14 ¥2.87 ¥4.28 50
Economic Profit
ROIC Compounder ¥0.2300 ¥0.3300 ¥0.4200 72

Widest divergence: Dividend Discount (¥2.93) versus Earnings-Based (¥0.3300). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

P/S ratio 0.10 TTM
Dividend yield 0.6%
Net margin -20.5% TTM
Return on equity -56.7% TTM
Return on assets -3.9% TTM
Operating margin -13.1% TTM
More key figures
Profitability
EPS (TTM) ¥-3.04
Growth
Revenue (TTM) 16.9B CNY TTM
Revenue growth (YoY) -90.7% 3y avg -27.2%
EPS growth (YoY) -60.6%
Balance sheet & cash flow
Free cash flow −603M CNY FY2025
Net debt 4.6B CNY FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 32 · Market factors (momentum, volatility) 29

Profitability 16
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 70
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CCS Supply Chain Management Co., Ltd. engages in the supply chain management business in China and internationally. The company provides information, transactions, testing, warehousing, logistics, and other platform services to industrial customers.

Full company description

CCS Supply Chain Management Co., Ltd. engages in the supply chain management business in China and internationally. The company provides information, transactions, testing, warehousing, logistics, and other platform services to industrial customers. It also engages in the development of cotton, jujubes, soybeans, cereals, and oils; thermal coal, coking coal, and coke business; and trading of renewable energy. The company was founded in 1998 and is headquartered in Beijing, China. CCS Supply Chain Management Co., Ltd. operates as a subsidiary of Zhengzhou Ruimaotong Supply Chain Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CCS Supply Chain Management Co Ltd reported revenue of ¥21.5B in FY2025 versus ¥47.6B in FY2021, a compound −18.0%/yr. Reported net income was −¥3.1B in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
21.5B CNY
Avg. revenue 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.
−12.9%
Avg. revenue 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.
−4.8%
Avg. revenue growth/yr (29Y) 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.
+23.5%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −18.0%/yr
FY21 ¥47.6B
FY22 ¥55.9B
FY23 ¥40.1B
FY24 ¥31.5B
FY25 ¥21.5B
Net income
FY21 ¥819M
FY22 ¥459M
FY23 ¥294M
FY24 ¥66.6M
FY25 −¥3.1B
Character of growth · EPS growth decomposed (2013-2024) −7.3 % p.a.
Revenue per share +18.1 pp

of which total revenue +20.3 pp · buybacks/dilution −2.1 pp

EBIT margin −18.0 pp
Tax rate −1.5 pp
Residual (interest, one-offs) −6.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

600180 screens 65% overvalued. Compare with United Parcel Service, Inc →

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Cite: Fair Value Calculator (2026). "CCS Supply Chain Management Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600180

Peer Group

Integrated Freight & Logistics · 216 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 34 · Bottom 25%
Fair Value upside −65% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -21% · Bottom 25%
Operating margin (TTM) -13% · Bottom 25%
Revenue growth -91% · Bottom 25%
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 0.22× · Higher than median

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

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 40
FUTURE0 · sector 8
PAST0 · sector 26
HEALTH89 · sector 94
DIVIDEND13 · sector 59

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 21, 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%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $274.47 $133.80 -51%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
C.H. Robinson Worldwide, Inc CHRW $146.70 $86.56 -41%
Expeditors International of Washington, Inc EXPD $184.47 $115.95 -37%
ZTO Express (Cayman) Inc ZTO $23.14 $28.57 +23%

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Frequently asked questions

Is CCS Supply Chain Management Co Ltd (600180) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥0.5400 versus a price of ¥1.53, about −65% (overvalued).
What is the fair value of 600180?
Our model-based fair value for CCS Supply Chain Management Co Ltd is ¥0.5400 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥1.53.
What is the quality score of 600180?
CCS Supply Chain Management Co Ltd has a Quality Score of 34/100. 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 CCS Supply Chain Management Co Ltd (600180)?
CCS Supply Chain Management Co Ltd reported trailing-twelve-month revenue of about 16.9B CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 600180?
The net profit margin of CCS Supply Chain Management Co Ltd is about -20.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does CCS Supply Chain Management Co Ltd pay a dividend?
CCS Supply Chain Management Co Ltd currently shows a dividend yield of about 0.76% relative to its recent price (as of Aug 21, 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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