EN DE

Shanghai Chinafortune Co (600621) Fair Value & Analysis

Financial Services · CN · Market cap 14.0B CNY

SC Shanghai Chinafortune Co 600621 · SHG
Price¥13.21
Fair Value¥20.97
Upside+58.7%
Quality65/100
Watch Shanghai Chinafortune Co for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 40.7% net margin
Moderate debt · generates free cash flow
1.36% dividend yield
Mixed vs. peers (7/14)
Moderate moat 60/100
Evidence: High Range ¥15.73 – ¥26.22 Share as image

Fair value as of: Aug 8, 2026

From 12 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥10.19 to ¥20.97 (+105.8%) since Jul 25, 2026. Share price −1.0% over the past month.

A solid business, screening 59% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥15.73). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥18.60 ¥9.13 Fair Value ¥20.97 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥9.13 – ¥18.60 · fair‑value band ¥15.73 – ¥26.22 · the ¥13.21 price screens below the ¥20.97 fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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

Analysis

Shanghai Chinafortune Co (600621) currently trades at ¥13.21, while our model-based Fair Value estimate is ¥20.97, implying the stock looks roughly 58.7% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Financial Services 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 Chinafortune Co generated revenue of 1.6B CNY at a net margin of 40.7%. Revenue declined 4.5% year over year. It earns a return on equity of 7.3%. Net debt stands at 6.4B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥15.73 (bear case) to ¥26.22 (bull case); at ¥13.21, 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 32% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -15% fair-value upside, at 59%, 600621 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 ¥71.04 ¥135.18 ¥237.84 80
Residual Income ¥6.99 ¥7.33 ¥7.82 76
Gordon GGM ¥1.07 ¥2.23 ¥3.54 70
All 12 models by family
DCF Models
Owner Earnings ¥20.36 ¥31.13 ¥52.09 31
5Y P/E Exit ¥39.49 ¥57.26 ¥77.87 38
10Y P/E Exit ¥49.62 ¥71.02 ¥102.22 35
Earnings-Based
Graham-Dodd ¥4.07 ¥24.53 ¥34.19 54
Lynch FV ¥7.00 ¥9.99 ¥12.99 50
Dividend Discount
Gordon GGM ¥1.07 ¥2.23 ¥3.54 70
DDM Multi-Stage ¥1.07 ¥1.88 ¥2.34 61
Multiples
P/E Multiple ¥15.73 ¥20.97 ¥26.22 63
P/B Multiple ¥7.64 ¥10.19 ¥12.73 55
Asset-Based
NCAV (Graham) ¥4.33 ¥5.81 ¥8.67 50
Growth DCF
Growth DCF ¥71.04 ¥135.18 ¥237.84 80
Economic Profit
Residual Income ¥6.99 ¥7.33 ¥7.82 76

Widest divergence: Growth DCF (¥135.18) versus Dividend Discount (¥1.88). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) -4.5%
Net margin 40.7%
Return on equity 7.3%
Free cash flow 4.6B CNY FY2025
P/E ratio 21.3
More key figures
Operating margin 29.3%
EPS (TTM) ¥0.6200
Dividend yield 1.4%
EPS growth (YoY) +15.4%
Net debt 6.4B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 73 · Market factors (momentum, volatility) 39

Profitability 28
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 88
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 Chinafortune Co., Ltd., through its subsidiaries, engages in the securities business in China. The company is also involved in the securities and futures brokerage business, agency sales of financial products business, investment consulting business, investment transactions in securities and derivative financial instruments, collective and targeted …

Full company description

Shanghai Chinafortune Co., Ltd., through its subsidiaries, engages in the securities business in China. The company is also involved in the securities and futures brokerage business, agency sales of financial products business, investment consulting business, investment transactions in securities and derivative financial instruments, collective and targeted asset management, and asset management business; securities sponsorship, underwriting, and financial advisory business; and margin trading, stock pledge repurchase, agreed repurchase securities, and equity investment businesses. Additionally, it issues securities research reports and develops trading systems for exchanges and financial institutions. The company was formerly known as Shanghai Jinling Co., Ltd. and changed its name to Shanghai Chinafortune Co., Ltd. in January 2013. Shanghai Chinafortune Co., Ltd. was founded in 1952 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 Chinafortune Co reported revenue of ¥3.7B in FY2025 versus ¥2.3B in FY2021, a compound +12.6%/yr. Reported net income was ¥636M in FY2025, compounding +6.5%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.7B CNY
Latest YoY
+63.6%
Avg. growth/yr (3Y)
+15.0%
Avg. growth/yr (5Y)
+15.7%
Avg. growth/yr (33Y)
+12.6%
Revenue +12.6%/yr
FY21 ¥2.3B
FY22 ¥2.4B
FY23 ¥2.0B
FY24 ¥2.3B
FY25 ¥3.7B
Net income +6.5%/yr
FY21 ¥495M
FY22 ¥352M
FY23 ¥397M
FY24 ¥365M
FY25 ¥636M

Watch 600621: 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 Chinafortune Co Fair Value". https://www.fairvalue-calculator.com/stock/600621

Peer Group

Financial Conglomerates · 56 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 74 · Top 25%
Fair Value upside +59% · Top 25%
Return on equity (TTM) 7% · Below median
Return on assets 1% · Below median
Net margin (TTM) 41% · Top 25%
Operating margin (TTM) 29% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.58× · Higher than median

Valuation Multiples vs Financial Conglomerates median · lower = cheaper

P/E (TTM) 21.3× · Pricier than median
P/B 1.52× · Cheaper than median
P/S (TTM) 8.73× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 7.7× · 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 100 · sector 11
FUTURE 0 · sector 38
PAST 29 · sector 32
HEALTH 71 · sector 84
DIVIDEND 27 · sector 41

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 Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
ORIX Corporation IX $40.31 $35.05 -13%
Bajaj Finserv Ltd BAJAJFINSV ₹2,065 ₹682.29 -67%
Yuanta Financial Holding 2885 66.70 TWD 35.75 TWD -46%
China Galaxy Securities Co 601881 ¥12.94 ¥18.92 +46%
Guosen Securities Co 002736 ¥10.34 ¥17.96 +74%
CNPC Capital Company 000617 ¥6.80 ¥5.78 -15%
Aditya Birla Capital Limited ABCAPITAL ₹399.25 ₹176.15 -56%
Freedom Holding FRHC $152.69 $32.75 -79%
Voya Financial, Inc VOYA $98.49 $76.48 -22%
Guangzhou Yuexiu Capital Holdings 000987 ¥7.77 ¥9.27 +19%

Compare Shanghai Chinafortune Co with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services 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 Chinafortune Co (600621) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥20.97 versus a price of ¥13.21, about +59% (undervalued).
What is the fair value of 600621?
Our model-based fair value for Shanghai Chinafortune Co is ¥20.97 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥13.21.
What is the quality score of 600621?
Shanghai Chinafortune Co has a Quality Score of 65/100. 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 Chinafortune Co (600621)?
Shanghai Chinafortune Co reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600621?
The net profit margin of Shanghai Chinafortune Co is about 40.7%, meaning it keeps roughly 40.7% of revenue as net income. Based on the latest reported figures.
Does Shanghai Chinafortune Co pay a dividend?
Shanghai Chinafortune Co currently shows a dividend yield of about 1.50% relative to its recent price (as of Aug 8, 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 Chinafortune 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.