Sinopec Shanghai Petrochemical Co Ltd Class A (600688) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Sinopec Shanghai Petrochemical Co Ltd Class A stock ¥2.84, price ¥2.80, upside +1.4%, quality 48 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range ¥2.43 – ¥4.94 · fair‑value band ¥2.12 – ¥4.24 · the ¥2.80 price screens below the ¥2.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.
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Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petroleum and chemical products in the People's Republic of China. The company operates through three segments: Refined Products, Chemical Products, and Petrochemical Products Trading.
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It offers gasoline, diesel, jet fuel, naphtha, fuel oil, LPG, asphalt, petroleum coke, and sulfur refining products; and ethylene oxide, industrial glycol, diethylene glycol for industrial use, tri ethylene glycol, vinyl acetate, polyvinyl alcohol, isoprene, m-pretendent, dicyclopentadiene, isoprene, pentane, industrial carbon 10 crude aromatic hydrocarbons, lyses naphthalene fractions, industrial pyrolysis carbon 9, polypropylene, industrial butadiene, petroleum benzene, petroleum toluene, ethylene, oil p-xylene, carbon black raw oil, ethylene tar, and butene-1 chemical products.
The company also provides high-pressure polyethylene products low-pressure polyethylene synthetic resin products; and acrylic, polyester slicing, polyester staple fiber synthetic products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China.
Sinopec Shanghai Petrochemical Company Limited operates as a subsidiary of China Petroleum & Chemical Corporation.
Stock analysis
Sinopec Shanghai Petrochemical Co Ltd Class A (600688) currently trades at ¥2.80, while our model-based Fair Value estimate is ¥2.84, so the stock looks roughly fairly valued today (gap 1.4%).
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 92/100, which puts the data coverage at low.
Scenario range: ¥2.12 (bear) to ¥4.24 (bull), the price of ¥2.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sinopec Shanghai Petrochemical Co Ltd Class A reported revenue of 64.1B CNY in FY2025 versus 89.3B CNY in FY2021, a compound −7.9%/yr. Reported net income was −1.4B CNY in FY2025.
Key figures
Market cap 29.6B CNY (≈ $4.4B) Mid · P/S ratio 0.39 · EPS (TTM) ¥−0.0600 · Dividend yield 0.7% · Net margin −0.9% · Return on equity −2.8% · Return on assets (EBIT) −2.1% · Operating margin −1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −53% fair-value upside, at 1%, 600688 screens cheaper than that median.
Fair Value models
Bear¥2.12Fair Value ¥2.84Bull¥4.24
Price ¥2.80 · Upside +1.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−26.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.0%
Start year 2020 (pandemic). Over 10 years: −2.3% a year
Revenue growth 30 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.9% (2020) → −2.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (28 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
Compare Sinopec Shanghai Petrochemical Co Ltd Class A with another stock
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Peer Groupⓘ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.Oil & Gas Refining & Marketing · 116 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+1.4% · Above median
Profitability
Return on assets−3.6% · Bottom 25%
Net margin (12 months)−0.9% · Bottom 25%
Operating margin (12 months)−1.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)6.6% · Below median
Dividend yield (12 months)0.7% · Bottom 25%
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
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). "Sinopec Shanghai Petrochemical Co Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/600688
Frequently asked questions
Is Sinopec Shanghai Petrochemical Co Ltd Class A (600688) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of ¥2.84 versus a price of ¥2.80, about +1% upside (fairly valued).
What is the fair value of 600688?
Our model-based fair value for Sinopec Shanghai Petrochemical Co Ltd Class A is ¥2.84 (as of Oct 29, 2026), built from audited fundamentals. The current price: ¥2.80.
What is the quality score of 600688?
Sinopec Shanghai Petrochemical Co Ltd Class A has a Quality Score of 48/100. 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 price target for Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
Our model-based price target is the fair value of ¥2.84 (as of Oct 29, 2026) from 1 valuation models. Cautious scenario ¥2.12, optimistic scenario ¥4.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Sinopec Shanghai Petrochemical Co Ltd Class A stock forecast for 2026?
Our models put fair value at ¥2.84, about +1% upside versus a price of ¥2.80 (fairly valued). Cautious scenario ¥2.12, optimistic scenario ¥4.24. The calculation is refreshed regularly with new filings.
What is the revenue of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
Sinopec Shanghai Petrochemical Co Ltd Class A reported trailing-twelve-month revenue of about 75.0B CNY (latest available figure, as of Oct 29, 2026).
Does Sinopec Shanghai Petrochemical Co Ltd Class A pay a dividend?
Sinopec Shanghai Petrochemical Co Ltd Class A currently shows a dividend yield of 0.71% relative to its recent price (as of Oct 29, 2026).
What is the intrinsic value of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sinopec Shanghai Petrochemical Co Ltd Class A it is ¥2.84 per share (as of Oct 29, 2026), against a price of ¥2.80. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Sinopec Shanghai Petrochemical Co Ltd Class A stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 600688 trades below its calculated fair value: price ¥2.80, fair value ¥2.84, a gap of about +1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600688?
No. The price is what the market pays today (¥2.80); the fair value is what the company's own numbers justify (¥2.84). For Sinopec Shanghai Petrochemical Co Ltd Class A the two are ¥0.0390 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sinopec Shanghai Petrochemical Co Ltd Class A worth?
The market values Sinopec Shanghai Petrochemical Co Ltd Class A at about 29.6B CNY (market capitalisation, as of Oct 29, 2026). Per share that is ¥2.80; our models calculate a fair value of ¥2.84 per share.
What do the bullish and bearish scenarios say about 600688?
Our models span a range for Sinopec Shanghai Petrochemical Co Ltd Class A: cautious scenario ¥2.12, base ¥2.84, optimistic ¥4.24 per share (as of Oct 29, 2026, price ¥2.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 600688?
The PEG ratio of Sinopec Shanghai Petrochemical Co Ltd Class A is 0.02 (P/E divided by earnings growth, as of Oct 29, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
Balance-sheet figures for Sinopec Shanghai Petrochemical Co Ltd Class A (as of Oct 29, 2026): return on equity −2.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 600688 from its 52-week high?
Sinopec Shanghai Petrochemical Co Ltd Class A trades at ¥2.80, about 27% below its 52-week high of ¥3.84 and 6% above the low of ¥2.63 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.84 is for.
Which stocks are comparable to Sinopec Shanghai Petrochemical Co Ltd Class A?
From the same area (Energy) we also value Reliance Industries Limited, Marathon Petroleum Corporation, Valero Energy Corporation, Phillips 66, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sinopec Shanghai Petrochemical Co Ltd Class A stock attractive at the current price?
The data as of Oct 29, 2026: price ¥2.80, calculated fair value ¥2.84 (+1%), Quality Score 48/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600688 calculated?
We run Sinopec Shanghai Petrochemical Co Ltd Class A through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥2.84, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.1 % above its aggregate fair value. Sinopec Shanghai Petrochemical Co Ltd Class A currently trades 1 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
The closing price on Oct 29, 2026 was ¥2.80. Our model-based fair value is ¥2.84, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sinopec Shanghai Petrochemical Co Ltd Class A right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (¥2.12 to ¥4.24) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Sinopec Shanghai Petrochemical Co Ltd Class A
How large is the market capitalisation of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
The market capitalisation of Sinopec Shanghai Petrochemical Co Ltd Class A is 29.6B CNY (≈ $4.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
The price-to-sales ratio of Sinopec Shanghai Petrochemical Co Ltd Class A is 0.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
Earnings per share at Sinopec Shanghai Petrochemical Co Ltd Class A are ¥−0.0600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
The dividend yield of Sinopec Shanghai Petrochemical Co Ltd Class A is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
The net margin of Sinopec Shanghai Petrochemical Co Ltd Class A is −0.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
The return on equity (ROE) of Sinopec Shanghai Petrochemical Co Ltd Class A is −2.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
On an EBIT basis the return on assets of Sinopec Shanghai Petrochemical Co Ltd Class A is −2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
The operating margin of Sinopec Shanghai Petrochemical Co Ltd Class A is −1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
Revenue at Sinopec Shanghai Petrochemical Co Ltd Class A is growing +6.6% versus a year earlier (3y avg −8.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sinopec Shanghai Petrochemical Co Ltd Class A (600688)?
Earnings per share at Sinopec Shanghai Petrochemical Co Ltd Class A are growing +14.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sinopec Shanghai Petrochemical Co Ltd Class A (600688) generate?
The free cash flow of Sinopec Shanghai Petrochemical Co Ltd Class A is −1.1B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sinopec Shanghai Petrochemical Co Ltd Class A (600688) carry?
The net debt of Sinopec Shanghai Petrochemical Co Ltd Class A is 2.6B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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