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Longjian Road&Bridge Co (600853) Fair Value & Analysis

Industrials · CN · Market cap 3.3B CNY

LR Longjian Road&Bridge Co 600853 · SHG
Price¥3.20
Fair Value¥6.50
Upside+103.1%
Quality35/100
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Expensive Growth
Thin margins · 2.2% net margin
High debt · negative free cash flow
1.21% dividend yield
Mixed vs. peers (6/13)
Narrow moat 29/100
Evidence: Medium Range ¥4.55 – ¥8.44 Share as image

Fair value as of: Aug 8, 2026

From 15 valuation models · updated 2 days ago

Share price +3.6% over the past month.

Below-average quality, screening 103% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (¥4.55). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (¥4.55 to ¥8.44) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥6.57 ¥2.28 Fair Value ¥6.50 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥2.28 – ¥6.57 · fair‑value band ¥4.55 – ¥8.44 · the ¥3.20 price screens below the ¥6.50 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Longjian Road&Bridge Co (600853) currently trades at ¥3.20, while our model-based Fair Value estimate is ¥6.50, implying the stock looks roughly 103.1% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Longjian Road&Bridge Co generated revenue of 17.6B CNY at a net margin of 2.2%. It earns a return on equity of 5.7%. Net debt stands at 6.4B CNY. The stock trades on a trailing P/E of 8.9. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥4.55 (bear case) to ¥8.44 (bull case); at ¥3.20, the current price sits below 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 36% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 103%, 600853 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥3.46 ¥3.82 ¥5.65 76
ROIC Compounder ¥1.86 ¥2.45 ¥2.95 72
Growth-Adj P/E ¥4.55 ¥6.50 ¥8.44 68
All 15 models by family
DCF Models
Owner Earnings ¥4.08 ¥7.80 ¥13.57 31
Earnings-Based
Graham-Dodd ¥2.71 ¥10.24 ¥13.85 54
Lynch FV ¥2.48 ¥3.54 ¥4.60 50
PEG = 1.0 ¥2.48 ¥3.54 ¥4.60 46
EPV ¥1.86 ¥2.45 ¥2.95 59
Multiples
P/E Multiple ¥6.28 ¥8.38 ¥10.47 63
P/S Multiple ¥5.09 ¥6.78 ¥8.48 58
P/B Multiple ¥5.09 ¥6.78 ¥8.48 55
EV/EBIT ¥4.46 ¥6.58 ¥8.69 53
EV/EBITDA ¥4.84 ¥7.08 ¥9.32 54
EV/Revenue ¥2.65 ¥4.59 ¥6.53 43
Asset-Based
NCAV (Graham) ¥2.00 ¥2.68 ¥4.00 50
Economic Profit
Residual Income ¥3.46 ¥3.82 ¥5.65 76
ROIC Compounder ¥1.86 ¥2.45 ¥2.95 72
Growth Earnings
Growth-Adj P/E ¥4.55 ¥6.50 ¥8.44 68

Widest divergence: DCF Models (¥7.80) versus Economic Profit (¥2.45). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 17.6B CNY
Net margin 2.2%
Return on equity 5.7%
Free cash flow −34.2M CNY FY2025
P/E ratio 8.9
Operating margin 5.2%
More key figures
EPS (TTM) ¥0.3800
Dividend yield 1.2%
EPS growth (YoY) -14.8%
Net debt 6.4B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 32 · Market factors (momentum, volatility) 33

Profitability 25
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

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

Longjian Road&Bridge Co.,Ltd engages in the construction and design of highway projects, municipal roads and bridges in China and internationally. The company provides infrastructure construction technical development services, engineering design, consulting, construction, management, etc.; and invests, operates and maintains related infrastructure.

Full company description

Longjian Road&Bridge Co.,Ltd engages in the construction and design of highway projects, municipal roads and bridges in China and internationally. The company provides infrastructure construction technical development services, engineering design, consulting, construction, management, etc.; and invests, operates and maintains related infrastructure. Its products include infrastructures for highway, municipal, railway, construction and other industries. In addition, the company engages in the provision of general contracting of highway engineering construction, highway pavement, and subgrade engineering; bridge and tunnel engineering; and municipal public works construction. Longjian Road&Bridge Co.,Ltd was formerly known as Beiman Special Steel Co., Ltd. and changed its name to Longjian Road&Bridge Co.,Ltd in May 2002. The company was founded in 1993 and is based in Harbin, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Longjian Road&Bridge Co reported revenue of ¥17.7B in FY2025 versus ¥15.2B in FY2021, a compound +3.9%/yr. Reported net income was ¥405M in FY2025, compounding +10.8%/yr from FY2021.

Growth Quality 39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
17.7B CNY
Latest YoY
−3.3%
Avg. growth/yr (3Y)
+1.4%
Avg. growth/yr (5Y)
+8.4%
Avg. growth/yr (31Y)
+8.0%
Revenue +3.9%/yr
FY21 ¥15.2B
FY22 ¥17.0B
FY23 ¥17.4B
FY24 ¥18.3B
FY25 ¥17.7B
Net income +10.8%/yr
FY21 ¥269M
FY22 ¥349M
FY23 ¥334M
FY24 ¥413M
FY25 ¥405M

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Cite: Fair Value Calculator (2026). "Longjian Road&Bridge Co Fair Value". https://www.fairvalue-calculator.com/stock/600853

Peer Group

Engineering & Construction · 837 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.

Quality Score 35 · Bottom 25%
Fair Value upside +103% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 1.89× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than 75% of peers
P/B 0.81× · Cheaper than median
P/S (TTM) 0.19× · Cheaper than 75% of peers
EV/EBITDA 5.2× · Cheaper than median

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 100 · sector 16
FUTURE 0 · sector 18
PAST 23 · sector 26
HEALTH 5 · sector 94
DIVIDEND 24 · sector 33

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Longjian Road&Bridge Co (600853) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥6.50 versus a price of ¥3.20, about +103% (undervalued).
What is the fair value of 600853?
Our model-based fair value for Longjian Road&Bridge Co is ¥6.50 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥3.20.
What is the quality score of 600853?
Longjian Road&Bridge Co has a Quality Score of 35/100. 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 revenue of Longjian Road&Bridge Co (600853)?
Longjian Road&Bridge Co reported trailing-twelve-month revenue of about 17.6B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600853?
The net profit margin of Longjian Road&Bridge Co is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does Longjian Road&Bridge Co pay a dividend?
Longjian Road&Bridge Co currently shows a dividend yield of about 1.18% relative to its recent price (as of Aug 8, 2026).

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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