Shandong Hi-speed Company (600350) Fair Value & Analysis
Industrials · CN · Market cap 52.5B CNY
Fair value as of: Aug 9, 2026
From 24 valuation models · updated yesterday
Share price −19.5% over the past month.
A solid business, but screening 20% overvalued on our models.
What matters now
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- Our model range runs from ¥7.97 (bear) to ¥13.95 (bull), base ¥8.68. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 52/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.
How to read this chart
60‑month range ¥4.37 – ¥13.49 · fair‑value band ¥7.97 – ¥13.95 · the ¥10.86 price screens above the ¥8.68 fair value. Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Shandong Hi-speed Company (600350) currently trades at ¥10.86, while our model-based Fair Value estimate is ¥8.68, implying the stock looks roughly 20.1% overvalued today. The Quality Score stands at 52/100 (solid 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, Shandong Hi-speed Company generated revenue of 24.1B CNY at a net margin of 13.4%. Revenue grew 3.6% year over year. It earns a return on equity of 6.8%. Net debt stands at 58.7B CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥7.97 (bear case) to ¥13.95 (bull case); at ¥10.86, 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 14% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 25% fair-value upside, at -20%, 600350 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.
All 24 models by family
Widest divergence: Growth Earnings (¥13.28) versus Economic Profit (¥0.0200). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 56
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
Shandong Hi-speed Company Limited engages in the investment and operation of transportation infrastructure in China. The company operates and manages road and bridge assets.
Full company description
Shandong Hi-speed Company Limited engages in the investment and operation of transportation infrastructure in China. The company operates and manages road and bridge assets. It is also involved in reconstruction and expansion of bridges, underpasses, grade-separated interchanges, overpasses, culverts, service areas, parking area, and toll stations, as well as expressway. The company was formerly known as Shandong Expressway Company Limited and changed its name to Shandong Hi-speed Company Limited in April 2012. Shandong Hi-speed Company Limited was founded in 1999 and is headquartered in Jinan, China. Shandong Hi-speed Company Limited is a subsidiary of Shandong High-Speed Group Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shandong Hi-speed Company reported revenue of ¥23.9B in FY2025 versus ¥16.2B in FY2021, a compound +10.2%/yr. Reported net income was ¥3.2B in FY2025, compounding +1.2%/yr from FY2021.
Peer Group
Infrastructure Operations · 65 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 Infrastructure Operations 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 Infrastructure Operations stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Merchants Expressway Network & Technology Holdings 001965 | ¥9.88 | ¥9.16 | -7% |
| Jiangsu Expressway Company 600377 | ¥11.86 | ¥15.32 | +29% |
| Impulsora del Desarrollo y el Empleo en América Latina, S.A. IDEALB1 | 43.00 MXN | 43.57 MXN | +1% |
| Promotora y Operadora de Infraestructura, S. A. B. de C. V. PINFRA | 281.25 MXN | 945.00 MXN | +236% |
| Motiva Infraestrutura de Mobilidade S.A MOTV3 | R$14.82 | R$29.18 | +97% |
| Zhejiang Expressway Co 0576 | HK$6.16 | HK$18.35 | +198% |
| Anhui Expressway Company 600012 | ¥16.31 | ¥14.90 | -9% |
| Guangdong Provincial Expressway Development Co 000429 | ¥14.33 | ¥17.93 | +25% |
| Shenzhen Expressway Corporation 600548 | ¥8.35 | ¥7.70 | -8% |
| IRB Infrastructure Developers Limited IRB | ₹20.13 | ₹11.97 | -41% |
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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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