Shanghai Haixin Group Co Ltd A (600851) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Shanghai Haixin Group Co Ltd A ¥1.45, price ¥8.39, upside -82.7%, quality 52 out of 100. 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥4.47 – ¥10.72 · fair‑value band ¥1.17 – ¥1.94 · the ¥8.39 price screens above the ¥1.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Shanghai Haixin Group Co., Ltd. engages in the manufacture and sale of pharmaceutical products in China and internationally.
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Shanghai Haixin Group Co., Ltd. engages in the manufacture and sale of pharmaceutical products in China and internationally. It is also involved in leasing of park properties, financial investment and commodity trading, as well as production and sales of chemical drugs through its sales platform or local distributors; and research and development, production, and sales of plush fabrics and clothing. The company was founded in 1986 and is headquartered in Shanghai, China.
Stock analysis
Shanghai Haixin Group Co Ltd A (600851) currently trades at ¥8.39, while our model-based Fair Value estimate is ¥1.45, implying the stock looks roughly 478.7% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥2.62 per share, and 0 of the 11 models we run sit above the ¥8.39 price.
Bear case: the Growth DCF group reads lowest at ¥0.2800, and 11 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: ¥1.17 (bear) to ¥1.94 (bull), the price of ¥8.39 sits above 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Shanghai Haixin Group Co Ltd A reported revenue of 758M CNY in FY2025 versus 1.5B CNY in FY2021, a compound −15.9%/yr. Reported net income was 176M CNY in FY2025, compounding +7.4%/yr from FY2021.
Key figures
Market cap 10.1B CNY (≈ $1.5B) · P/E ratio 59.8 · P/S ratio 13.9 · EPS (TTM) ¥0.1400 · Dividend yield 0.6% · Net margin 23.2% · Return on equity 4.1% · Return on assets (EBIT) 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 38% fair-value upside, at −83%, 600851 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.2800 to ¥3.21). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥1.17Fair Value ¥1.45Bull ¥1.94
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0658 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.1%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8% vs 1%, picking up
Profit margin 2020 to 2025 ⓘ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.12% → 6%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 3.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Shanghai Haixin Group Co Ltd 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.Conglomerates · 378 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−79% · Bottom 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets0% · Below median
Net margin (TTM)24% · Top 25%
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−26% · Bottom 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (TTM)59.8× · Priciest 25%
P/B2.15× · Priciest 25%
P/S (TTM)14.36× · Priciest 25%
P/FCF2,578.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)0· sector 16
PAST (return on equity)16· sector 19
HEALTH (low debt)99· sector 89
DIVIDEND (yield)12· sector 40
VALUE 0: the price sits above our fair-value range.
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 Haixin Group Co Ltd A Fair Value". https://www.fairvalue-calculator.com/stock/600851
Frequently asked questions
Is Shanghai Haixin Group Co Ltd A (600851) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥1.45 versus a price of ¥8.39, about −83% upside (overvalued).
What is the fair value of 600851?
Our model-based fair value for Shanghai Haixin Group Co Ltd A is ¥1.45 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥8.39.
What is the quality score of 600851?
Shanghai Haixin Group Co Ltd A has a Quality Score of 52/100. 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 Shanghai Haixin Group Co Ltd A (600851)?
Our model-based price target is the fair value of ¥1.45 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario ¥1.17, optimistic scenario ¥1.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Haixin Group Co Ltd A stock forecast for 2026?
Our models put fair value at ¥1.45, about −83% upside versus a price of ¥8.39 (overvalued). Cautious scenario ¥1.17, optimistic scenario ¥1.94. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Haixin Group Co Ltd A (600851)?
Shanghai Haixin Group Co Ltd A reported trailing-twelve-month revenue of about 705M CNY (latest available figure, as of Sep 24, 2026).
Does Shanghai Haixin Group Co Ltd A pay a dividend?
Shanghai Haixin Group Co Ltd A currently shows a dividend yield of about 0.60% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Shanghai Haixin Group Co Ltd A (600851)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Haixin Group Co Ltd A it is ¥1.45 per share (as of Sep 24, 2026), against a price of ¥8.39. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Shanghai Haixin Group Co Ltd A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600851 trades above its calculated fair value: price ¥8.39, fair value ¥1.45, a gap of about −83% (overvalued). 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 600851?
No. The price is what the market pays today (¥8.39); the fair value is what the company's own numbers justify (¥1.45). For Shanghai Haixin Group Co Ltd A the two are ¥6.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Haixin Group Co Ltd A worth?
The market values Shanghai Haixin Group Co Ltd A at about 10.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥8.39; our models calculate a fair value of ¥1.45 per share.
What do the bullish and bearish scenarios say about 600851?
Our models span a range for Shanghai Haixin Group Co Ltd A: cautious scenario ¥1.17, base ¥1.45, optimistic ¥1.94 per share (as of Sep 24, 2026, price ¥8.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600851?
Shanghai Haixin Group Co Ltd A trades at a price-to-earnings ratio of 59.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥1.45 is built from several models across several years. Other multiples: P/B 2.2, P/S 14.4.
How solid is the balance sheet of Shanghai Haixin Group Co Ltd A (600851)?
Balance-sheet figures for Shanghai Haixin Group Co Ltd A (as of Sep 24, 2026): return on equity 4.1%, debt of 0.02 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 600851 from its 52-week high?
Shanghai Haixin Group Co Ltd A trades at ¥8.39, about 17% below its 52-week high of ¥10.09 and 29% above the low of ¥6.51 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.45 is for.
Which stocks are comparable to Shanghai Haixin Group Co Ltd A?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 Shanghai Haixin Group Co Ltd A stock attractive at the current price?
The data as of Sep 24, 2026: price ¥8.39, calculated fair value ¥1.45 (−83%), Quality Score 52/100, from 11 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 600851 calculated?
We run Shanghai Haixin Group Co Ltd A through 11 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 ¥1.45, 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 14.1 % above its aggregate fair value. Shanghai Haixin Group Co Ltd A itself currently trades above fair value. 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 Shanghai Haixin Group Co Ltd A (600851)?
The closing price on Sep 23, 2026 was ¥8.39. Our model-based fair value is ¥1.45, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Haixin Group Co Ltd A right now?
The price sits above even our optimistic bull case (¥1.94). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Shanghai Haixin Group Co Ltd A (600851) come from?
Earnings per share at Shanghai Haixin Group Co Ltd A grew −0.7 % a year from 2013 to 2024. Broken into its drivers: revenue per share +0.0 %, EBIT margin +0.3 %, tax rate +1.2 %, residual (interest, one-offs) −2.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shanghai Haixin Group Co Ltd A
How large is the market capitalisation of Shanghai Haixin Group Co Ltd A (600851)?
The market capitalisation of Shanghai Haixin Group Co Ltd A is 10.1B CNY (≈ $1.5B). 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 Shanghai Haixin Group Co Ltd A (600851)?
The price-to-sales ratio of Shanghai Haixin Group Co Ltd A is 13.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shanghai Haixin Group Co Ltd A (600851)?
Earnings per share at Shanghai Haixin Group Co Ltd A are ¥0.1400 (price ÷ EPS = P/E 59.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanghai Haixin Group Co Ltd A (600851)?
The dividend yield of Shanghai Haixin Group Co Ltd A is 0.6% (payout 35.7%). 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 Shanghai Haixin Group Co Ltd A (600851)?
The net margin of Shanghai Haixin Group Co Ltd A is 23.2% (fiscal year 2025). 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 Shanghai Haixin Group Co Ltd A (600851)?
The return on equity (ROE) of Shanghai Haixin Group Co Ltd A is 4.1% (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 Shanghai Haixin Group Co Ltd A (600851)?
On an EBIT basis the return on assets of Shanghai Haixin Group Co Ltd A is 3.0% (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 Shanghai Haixin Group Co Ltd A (600851)?
The operating margin of Shanghai Haixin Group Co Ltd A is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Haixin Group Co Ltd A (600851)?
Revenue at Shanghai Haixin Group Co Ltd A is growing −25.7% versus a year earlier (3y avg −19.3%). 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 Shanghai Haixin Group Co Ltd A (600851)?
Earnings per share at Shanghai Haixin Group Co Ltd A are growing −12.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanghai Haixin Group Co Ltd A (600851) generate?
The free cash flow of Shanghai Haixin Group Co Ltd A is 586K 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 cash does Shanghai Haixin Group Co Ltd A (600851) hold?
Shanghai Haixin Group Co Ltd A holds more cash than debt, 464M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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