Shanghai Shentong Metro Co (600834) Fair Value & Analysis
Industrials · CN · Market cap 3.5B CNY
Fair value as of: Aug 9, 2026
From 25 valuation models · updated yesterday
Share price +8.5% over the past month.
A solid business, but screening 67% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥2.98). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) 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 ¥6.16 – ¥13.11 · fair‑value band ¥1.79 – ¥2.98 · the ¥7.29 price screens above the ¥2.39 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 Shentong Metro Co (600834) currently trades at ¥7.29, while our model-based Fair Value estimate is ¥2.39, implying the stock looks roughly 67.2% overvalued today. The Quality Score stands at 58/100 (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, Shanghai Shentong Metro Co generated revenue of 604M CNY at a net margin of 8.1%. Revenue grew 6.3% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of 223M CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥1.79 (bear case) to ¥2.98 (bull case); at ¥7.29, 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 23% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at -67%, 600834 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 25 models by family
Widest divergence: DCF Models (¥6.93) versus Earnings-Based (¥0.6400). 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 60 · Market factors (momentum, volatility) 40
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 Shentong Metro Co.,Ltd. engages in the public transportation operation and maintenance management business in China. It operates through Financial Leasing and Commercial Factoring; Photovoltaic and Energy Conservation; Public Transportation Operation and Management; and Comprehensive Property Services segments.
Full company description
Shanghai Shentong Metro Co.,Ltd. engages in the public transportation operation and maintenance management business in China. It operates through Financial Leasing and Commercial Factoring; Photovoltaic and Energy Conservation; Public Transportation Operation and Management; and Comprehensive Property Services segments. The company offers operation and maintenance management services for driverless subways, airport rapid transit systems, and trams; and property services. It also engages in investments in distributed photovoltaic and charging pile projects; energy-saving renovation projects; station property and train environment management; integrated production management of station facilities and equipment; rail transit investment; enterprise management and business consulting; financial leasing, sale, and leaseback; and commercial factoring activities. The company was formerly known as Shanghai Lingqiao Water Supply Co., Ltd. The company was founded in 1992 and is headquartered in Shanghai, China. Shanghai Shentong Metro Co.,Ltd. operates as a subsidiary of Shanghai Shentong Metro Group Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai Shentong Metro Co reported revenue of ¥596M in FY2025 versus ¥348M in FY2021, a compound +14.4%/yr. Reported net income was ¥54.2M in FY2025, compounding −7.0%/yr from FY2021.
600834 screens 67% overvalued. Compare with Union Pacific Corporation →
Peer Group
Railroads · 111 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 Railroads 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 Railroads stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Union Pacific Corporation UNP | $301.75 | $144.60 | -52% |
| CSX Corporation CSX | $49.41 | $12.85 | -74% |
| Canadian Pacific Kansas City Limited CP | $92.91 | $35.00 | -62% |
| Canadian National Railway Company CNI | $128.22 | $92.63 | -28% |
| Norfolk Southern Corporation NSC | $327.47 | $117.90 | -64% |
| Westinghouse Air Brake Technologies Corporation WAB | $259.71 | $144.80 | -44% |
| Beijing-Shanghai High-Speed Railway Co 601816 | ¥4.82 | ¥5.65 | +17% |
| CRRC Corporation 601766 | ¥5.65 | ¥9.53 | +69% |
| Daqin Railway Co 601006 | ¥4.85 | ¥6.24 | +29% |
| Hyundai Rotem Company 064350 | 167,700 KRW | 125,182 KRW | -25% |
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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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