Ningbo Marine Company (600798) Fair Value & Analysis
Industrials · CN · Market cap 3.9B CNY
Fair value as of: Aug 9, 2026
From 26 valuation models · updated yesterday
Fair value updated Aug 9, 2026, revised from ¥0.5600 to ¥1.12 (+100.0%) since Jul 11, 2026. Share price +5.9% over the past month.
A solid business, but screening 65% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.27). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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 ¥2.52 – ¥5.97 · fair‑value band ¥0.7608 – ¥1.27 · the ¥3.21 price screens above the ¥1.12 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
Ningbo Marine Company (600798) currently trades at ¥3.21, while our model-based Fair Value estimate is ¥1.12, implying the stock looks roughly 65.1% overvalued today. The Quality Score stands at 62/100 (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, Ningbo Marine Company generated revenue of 2.9B CNY at a net margin of 2.2%. Revenue grew 57.3% year over year. It earns a return on equity of 1.7%. Net debt stands at 309M CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥0.7608 (bear case) to ¥1.27 (bull case); at ¥3.21, 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 38% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -65%, 600798 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 26 models by family
Widest divergence: DCF Models (¥4.28) versus Earnings-Based (¥0.2000). 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 63 · Market factors (momentum, volatility) 31
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
Ningbo Marine Company Limited, a shipping company, provides marine transportation services in China and internationally. It operates in two segments, Shipping and Transportation; Highway Operation.
Full company description
Ningbo Marine Company Limited, a shipping company, provides marine transportation services in China and internationally. It operates in two segments, Shipping and Transportation; Highway Operation. The company involved in the general cargo transportation; repair and construction of ships and their auxiliary engines; maritime cargo transshipment and intermodal transport; warehousing and cargo collection; interior and exterior decoration; wholesale and retail of ship accessories and daily necessities domestic labor cooperation; house leasing of the unit; property management; industrial investment. It also engages in the operation of toll road. Ningbo Marine Company Limited was founded in 1997 and is based in Ningbo, China. Ningbo Marine Company Limited is a subsidiary of Zhejiang Provincial Energy Group Company Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ningbo Marine Company reported revenue of ¥2.7B in FY2025 versus ¥2.3B in FY2021, a compound +3.6%/yr. Reported net income was ¥27.4M in FY2025, compounding −45.7%/yr from FY2021.
600798 screens 65% overvalued. Compare with Adani Ports and Special Economic Zone Limited →
Peer Group
Marine Shipping · 231 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 Marine Shipping 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,828 | ₹1,041 | -43% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 16,520 | kr 3,033 | -82% |
| COSCO SHIPPING Holdings 601919 | ¥13.98 | ¥40.37 | +189% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.57 | +27% |
| HMM Co 011200 | 20,050 KRW | 33,855 KRW | +69% |
| Ningbo Zhoushan Port Company 601018 | ¥3.35 | ¥5.58 | +67% |
| Qingdao Port International Co 601298 | ¥8.88 | ¥15.97 | +80% |
| JSW Infrastructure Limited JSWINFRA | ₹330.05 | ₹126.31 | -62% |
| Wan Hai Lines Ltd 2615 | 80.70 TWD | 212.79 TWD | +164% |
| Wallenius Wilhelmsen ASA WAWI | kr 137.70 | kr 50.56 | -63% |
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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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