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China Shipbuilding Industry Group (600482) Fair Value & Analysis

Industrials · CN · Market cap 69.6B CNY

CS China Shipbuilding Industry Group 600482 · SHG
Price¥29.02
Fair Value¥13.03
Upside-55.1%
Quality60/100
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Healthy Growth
Thin margins · 2.6% net margin
Low debt · generates free cash flow
0.90% dividend yield
Mixed vs. peers (8/14)
Narrow moat 37/100
Evidence: Medium Range ¥10.91 – ¥15.77 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from ¥13.10 to ¥13.03 (−0.5%) since Jul 11, 2026. Share price −16.1% over the past month.

A solid business, but screening 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥15.77). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥42.26 ¥12.98 Fair Value ¥13.03 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range ¥12.98 – ¥42.26 · fair‑value band ¥10.91 – ¥15.77 · the ¥29.02 price screens above the ¥13.03 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

China Shipbuilding Industry Group (600482) currently trades at ¥29.02, while our model-based Fair Value estimate is ¥13.03, implying the stock looks roughly 55.1% overvalued today. We read business quality at 60/100 (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, China Shipbuilding Industry Group generated revenue of 58.3B CNY at a net margin of 2.6%. Revenue grew 4.5% year over year. It earns a return on equity of 7.0%. The balance sheet holds a net cash position of 31.7B CNY. Fundamentals as of Jul 16, 2026

Our scenario range runs from ¥10.91 (bear case) to ¥15.77 (bull case); at ¥29.02, 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 33% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -55%, 600482 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
Growth DCF ¥86.89 ¥153.05 ¥277.03 80
Residual Income ¥12.93 ¥12.71 ¥11.03 76
Rev-Margin DCF ¥51.71 ¥72.52 ¥102.88 74
All 26 models by family
DCF Models
FCF DCF ¥89.81 ¥139.71 ¥278.17 38
Owner Earnings ¥30.02 ¥41.81 ¥66.16 31
5Y Revenue Exit ¥51.71 ¥70.10 ¥101.60 39
5Y EBITDA Exit ¥56.10 ¥79.73 ¥118.41 41
5Y P/E Exit ¥46.19 ¥59.87 ¥75.46 38
10Y Revenue Exit ¥62.31 ¥88.93 ¥119.38 36
10Y EBITDA Exit ¥66.01 ¥97.05 ¥148.19 37
10Y P/E Exit ¥59.07 ¥78.74 ¥107.38 35
Earnings-Based
Graham-Dodd ¥3.90 ¥26.33 ¥36.90 54
Lynch FV ¥7.72 ¥11.03 ¥14.34 50
PEG = 1.0 ¥7.72 ¥11.03 ¥14.34 46
EPV ¥34.94 ¥37.36 ¥39.48 59
Dividend Discount
Gordon GGM ¥2.99 ¥6.22 ¥9.87 70
DDM Multi-Stage ¥2.99 ¥5.25 ¥6.53 61
Multiples
P/E Multiple ¥8.60 ¥11.47 ¥14.34 63
P/S Multiple ¥7.31 ¥9.75 ¥12.19 58
P/B Multiple ¥7.31 ¥9.75 ¥12.19 55
EV/EBIT ¥43.29 ¥50.92 ¥58.55 53
EV/EBITDA ¥43.24 ¥50.85 ¥58.47 54
EV/Revenue ¥35.83 ¥42.44 ¥49.05 43
Asset-Based
NCAV (Graham) ¥8.81 ¥11.81 ¥17.63 50
Growth DCF
Growth DCF ¥86.89 ¥153.05 ¥277.03 80
Rev-Margin DCF ¥51.71 ¥72.52 ¥102.88 74
Economic Profit
Residual Income ¥12.93 ¥12.71 ¥11.03 76
ROIC Compounder ¥34.94 ¥37.36 ¥39.48 72
Growth Earnings
Growth-Adj P/E ¥10.47 ¥14.96 ¥19.44 68

Widest divergence: DCF Models (¥78.74) versus Dividend Discount (¥5.25). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 58.3B CNY
Revenue growth (YoY) +4.5%
Net margin 2.6%
Return on equity 7.0%
Free cash flow 10.2B CNY FY2025
P/E ratio 56.1
More key figures
Operating margin 9.0%
EPS (TTM) ¥0.6700
EPS growth (YoY) +51.8%
Net cash 31.7B CNY FY2024

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 65 · Market factors (momentum, volatility) 50

Profitability 23
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 80
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

China Shipbuilding Industry Group Power Co., Ltd. manufactures and supplies power equipment in China and internationally. The company's products include diesel engine, gas, steam, heat engine, electric, chemical kinetic, marine nuclear, electromechanical, and other power equipment, as well as related auxiliary equipment.

Full company description

China Shipbuilding Industry Group Power Co., Ltd. manufactures and supplies power equipment in China and internationally. The company's products include diesel engine, gas, steam, heat engine, electric, chemical kinetic, marine nuclear, electromechanical, and other power equipment, as well as related auxiliary equipment. Its products are used in automobiles, ships, marine engineering, ocean-going fishing vessels, yachts, and land power plants, coalbed methane power generation, as well as nuclear power, oil fields, special vehicles, construction machinery, and other industries. The company was formerly known as Sail Co., Ltd. and changed its name to China Shipbuilding Industry Group Power Co., Ltd. in April 2016. China Shipbuilding Industry Group Power Co., Ltd. was incorporated in 2000 and is based in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Shipbuilding Industry Group reported revenue of ¥57.8B in FY2025 versus ¥34.7B in FY2021, a compound +13.6%/yr. Reported net income was ¥1.3B in FY2025, compounding +19.6%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
57.8B CNY
Latest YoY
+11.8%
Avg. growth/yr (3Y)
+14.7%
Avg. growth/yr (5Y)
+16.4%
Avg. growth/yr (24Y)
+21.6%
Revenue +13.6%/yr
FY21 ¥34.7B
FY22 ¥38.3B
FY23 ¥45.1B
FY24 ¥51.7B
FY25 ¥57.8B
Net income +19.6%/yr
FY21 ¥635M
FY22 ¥336M
FY23 ¥779M
FY24 ¥1.4B
FY25 ¥1.3B

600482 screens 55% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "China Shipbuilding Industry Group Fair Value". https://www.fairvalue-calculator.com/stock/600482

Peer Group

Specialty Industrial Machinery · 807 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 60 · Top 25%
Fair Value upside −55% · Below median
Return on equity (TTM) 7% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 5% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 46.5× · Pricier than median
P/B 1.74× · Cheaper than median
P/S (TTM) 1.19× · Cheaper than median
P/FCF 1.0× · Cheaper than 75% of peers
EV/EBITDA 5.2× · 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.

VALUE 0 · sector 0
FUTURE 23 · sector 23
PAST 28 · sector 28
HEALTH 98 · sector 96
DIVIDEND 18 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €967.60 €212.97 -78%
1SIE 1SIE €284.30 €122.46 -57%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is China Shipbuilding Industry Group (600482) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of ¥13.03 versus a price of ¥29.02, about −55% (overvalued).
What is the fair value of 600482?
Our model-based fair value for China Shipbuilding Industry Group is ¥13.03 (as of Jul 16, 2026), built from audited fundamentals. The current price is ¥29.02.
What is the quality score of 600482?
China Shipbuilding Industry Group has a Quality Score of 60/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of China Shipbuilding Industry Group (600482)?
China Shipbuilding Industry Group reported trailing-twelve-month revenue of about 58.3B CNY (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 600482?
The net profit margin of China Shipbuilding Industry Group is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.

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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