EN DE

Shanghai Pudong Construction Co (600284) Fair Value & Analysis

Industrials · CN · Market cap 5.0B CNY

SP Shanghai Pudong Construction Co 600284 · SHG
Price¥5.13
Fair Value¥7.64
Upside+48.9%
Quality49/100
Watch Shanghai Pudong Construction Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 2.1% net margin
Low debt · generates free cash flow
2.90% dividend yield
Mixed vs. peers (6/14)
Narrow moat 25/100
Evidence: High Range ¥6.21 – ¥9.56 Share as image

Fair value as of: Aug 7, 2026

From 26 valuation models · updated 3 days ago

Share price +6.9% over the past month.

Below-average quality, screening 49% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥6.21). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥10.30 ¥4.79 Fair Value ¥7.64 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range ¥4.79 – ¥10.30 · fair‑value band ¥6.21 – ¥9.56 · the ¥5.13 price screens below the ¥7.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shanghai Pudong Construction Co (600284) currently trades at ¥5.13, while our model-based Fair Value estimate is ¥7.64, implying the stock looks roughly 48.9% undervalued today. The Quality Score stands at 49/100 (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, Shanghai Pudong Construction Co generated revenue of 13.5B CNY at a net margin of 2.1%. Revenue declined 27.5% year over year. It earns a return on equity of 3.6%. The balance sheet holds a net cash position of 1.7B CNY. Fundamentals as of Aug 7, 2026

Our scenario range runs from ¥6.21 (bear case) to ¥9.56 (bull case); at ¥5.13, 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 52% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 49%, 600284 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 ¥16.87 ¥30.33 ¥54.65 80
Residual Income ¥6.13 ¥6.18 ¥5.71 76
Rev-Margin DCF ¥10.22 ¥15.89 ¥24.18 74
All 26 models by family
DCF Models
FCF DCF ¥17.54 ¥27.87 ¥55.78 38
Owner Earnings ¥5.95 ¥10.18 ¥18.59 31
5Y Revenue Exit ¥10.22 ¥15.30 ¥24.13 39
5Y EBITDA Exit ¥11.24 ¥17.53 ¥27.91 41
5Y P/E Exit ¥10.76 ¥17.28 ¥25.25 38
10Y Revenue Exit ¥12.26 ¥19.10 ¥27.14 36
10Y EBITDA Exit ¥13.14 ¥20.94 ¥33.98 37
10Y P/E Exit ¥12.81 ¥20.06 ¥31.51 35
Earnings-Based
Graham-Dodd ¥2.48 ¥16.73 ¥23.44 54
Lynch FV ¥4.91 ¥7.01 ¥9.11 50
PEG = 1.0 ¥4.91 ¥7.01 ¥9.11 46
EPV ¥6.48 ¥7.14 ¥7.70 59
Dividend Discount
Gordon GGM ¥2.39 ¥4.76 ¥7.20 70
DDM Multi-Stage ¥2.39 ¥4.11 ¥5.02 61
Multiples
P/E Multiple ¥5.73 ¥7.64 ¥9.56 63
P/S Multiple ¥4.64 ¥6.19 ¥7.74 58
P/B Multiple ¥4.64 ¥6.19 ¥7.74 55
EV/EBIT ¥8.80 ¥10.96 ¥13.11 53
EV/EBITDA ¥8.77 ¥10.92 ¥13.07 54
EV/Revenue ¥6.95 ¥8.93 ¥10.91 43
Asset-Based
NCAV (Graham) ¥4.08 ¥5.47 ¥8.17 50
Growth DCF
Growth DCF ¥16.87 ¥30.33 ¥54.65 80
Rev-Margin DCF ¥10.22 ¥15.89 ¥24.18 74
Economic Profit
Residual Income ¥6.13 ¥6.18 ¥5.71 76
ROIC Compounder ¥6.48 ¥7.14 ¥7.70 72
Growth Earnings
Growth-Adj P/E ¥6.79 ¥9.70 ¥12.61 68

Widest divergence: DCF Models (¥17.53) versus Dividend Discount (¥4.11). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 13.5B CNY
Revenue growth (YoY) -27.5%
Net margin 2.1%
Return on equity 3.6%
Free cash flow 1.0B CNY FY2025
P/E ratio 17.9
More key figures
Operating margin 0.2%
EPS (TTM) ¥0.2900
Dividend yield 2.9%
EPS growth (YoY) -59.8%
Net cash 1.7B CNY FY2024

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 23

Profitability 21
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

Shanghai Pudong Construction Co.,Ltd. engages in the construction business in China. It operates through six segments: Construction Design, Surveying, and Consulting Services; Production and Sales of Building Materials; Integrated Industrial Park Development; Factoring Business, and Others.

Full company description

Shanghai Pudong Construction Co.,Ltd. engages in the construction business in China. It operates through six segments: Construction Design, Surveying, and Consulting Services; Production and Sales of Building Materials; Integrated Industrial Park Development; Factoring Business, and Others. The company undertakes construction of municipal highway, rail transit, water conservancy, interior decoration, and foundation projects. It is also involved in the planning and design services, including architecture, municipal, and consulting planning; investment activities and financing capacity; production of asphalt for urban roads, such as highways, urban backbone roads and drainage roads, slow-moving trails, and health trails; technical consulting; and transportation of fly ash and other waste products. The company was formerly known as Shanghai Pudong Road & Bridge Construction Co., Ltd. and changed its name to Shanghai Pudong Construction Co.,Ltd. in March 2021. Shanghai Pudong Construction Co.,Ltd. was founded in 1998 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Pudong Construction Co reported revenue of ¥14.5B in FY2025 versus ¥11.4B in FY2021, a compound +6.1%/yr. Reported net income was ¥353M in FY2025, compounding −9.9%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
14.5B CNY
Latest YoY
−23.4%
Avg. growth/yr (3Y)
−1.0%
Avg. growth/yr (5Y)
+11.5%
Avg. growth/yr (24Y)
+18.9%
Revenue +6.1%/yr
FY21 ¥11.4B
FY22 ¥14.9B
FY23 ¥17.7B
FY24 ¥18.9B
FY25 ¥14.5B
Net income −9.9%/yr
FY21 ¥535M
FY22 ¥559M
FY23 ¥577M
FY24 ¥593M
FY25 ¥353M

Watch 600284: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Shanghai Pudong Construction Co Fair Value". https://www.fairvalue-calculator.com/stock/600284

Peer Group

Engineering & Construction · 837 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 49 · Below median
Fair Value upside +49% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth -28% · Bottom 25%
Dividend yield (TTM) 2.9% · Above median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 17.9× · Pricier than median
P/B 0.64× · Cheaper than median
P/S (TTM) 0.37× · Cheaper than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 8.3× · 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 99 · sector 16
FUTURE 0 · sector 18
PAST 14 · sector 26
HEALTH 94 · sector 94
DIVIDEND 58 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 7, 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%
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%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare Shanghai Pudong Construction Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Shanghai Pudong Construction Co (600284) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of ¥7.64 versus a price of ¥5.13, about +49% (undervalued).
What is the fair value of 600284?
Our model-based fair value for Shanghai Pudong Construction Co is ¥7.64 (as of Aug 7, 2026), built from audited fundamentals. The current price is ¥5.13.
What is the quality score of 600284?
Shanghai Pudong Construction Co has a Quality Score of 49/100. 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 Shanghai Pudong Construction Co (600284)?
Shanghai Pudong Construction Co reported trailing-twelve-month revenue of about 13.5B CNY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of 600284?
The net profit margin of Shanghai Pudong Construction Co is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does Shanghai Pudong Construction Co pay a dividend?
Shanghai Pudong Construction Co currently shows a dividend yield of about 2.88% relative to its recent price (as of Aug 7, 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.

14 days Pro free · no card

Track Shanghai Pudong Construction Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.