Shanghai Aj Group (600643) Fair Value & Analysis
Financial Services · CN · Market cap 6.2B CNY
Fair value as of: Aug 9, 2026
From 3 valuation models · updated yesterday
Fair value updated Aug 9, 2026, revised from ¥4.11 to ¥3.82 (−7.1%) since Jul 25, 2026. Share price +3.2% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (¥2.46 to ¥5.28) leaves room in how you read the outcome.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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 ¥3.70 – ¥8.16 · fair‑value band ¥2.46 – ¥5.28 · the ¥3.92 price screens above the ¥3.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Shanghai Aj Group (600643) currently trades at ¥3.92, while our model-based Fair Value estimate is ¥3.82, implying the stock looks roughly 2.6% fairly valued today. The Quality Score stands at 38/100 (below-average quality), in the Financial Services 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).
Trailing-twelve-month revenue stands at 1.4B CNY. Revenue declined 36.8% year over year. It earns a return on equity of -18.5%. Net debt stands at 3.7B CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥2.46 (bear case) to ¥5.28 (bull case); at ¥3.92, 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 52% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -3%, 600643 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.
All 3 models by family
Widest divergence: Asset-Based (¥4.13) versus Dividend Discount (¥3.46). Highest evidence: Gordon GGM (70).
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 39 · Market factors (momentum, volatility) 28
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 Aj Group Co.,Ltd provides wealth and asset management services primarily for the financial industry in China. It offers investment management, business and technical consulting, technical, property, engineering management, and enterprise management consulting.
Full company description
Shanghai Aj Group Co.,Ltd provides wealth and asset management services primarily for the financial industry in China. It offers investment management, business and technical consulting, technical, property, engineering management, and enterprise management consulting. The company also provides industrial investment; domestic and international freight forwarding; domestic trade agency; parking and advertising services, as well as trust, securities, financial leasing, and private equity investment services. It is also involved in import and export of goods and technology; wholesale of jewelry; and sale of gold and silver products. The company was formerly known as Shanghai Industrial and Commercial Aiguo Construction Company. Shanghai Aj Group Co.,Ltd was founded in 1979 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai Aj Group reported revenue of ¥1.6B in FY2025 versus ¥4.3B in FY2021, a compound −22.4%/yr. Reported net income was −¥1.9B in FY2025.
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Peer Group
Asset Management · 973 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 Asset Management 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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fondul Proprietatea SA FP | $0.0420 | $0.0800 | +90% |
| BlackRock, Inc BLK | $1,136 | $465.75 | -59% |
| Blackstone Inc BX | $124.56 | $16.35 | -87% |
| Investor AB INVEB | kr 423.70 | kr 847.40 | +100% |
| Brookfield Corporation BN | C$62.45 | C$10.12 | -84% |
| KKR & Co KKR | $100.94 | $44.88 | -56% |
| AB Industrivärden INDUA | kr 532.50 | kr 1,065 | +100% |
| Jio Financial Services Limited JIOFIN | ₹242.98 | ₹40.19 | -83% |
| Hedef Holding HEDEF | 267.25 TRY | 320.98 TRY | +20% |
| Bajaj Holdings BAJAJHLDNG | ₹10,398 | ₹9,202 | -12% |
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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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