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Jiangsu Financial Leasing Co (600901) Fair Value & Analysis

Financial Services · CN · Market cap 36.8B CNY

JF Jiangsu Financial Leasing Co 600901 · SHG
Price¥6.36
Fair Value¥6.78
Upside+6.6%
Quality38/100
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Expensive Growth
Highly profitable · 59.1% net margin
Moderate debt · negative free cash flow
4.69% dividend yield
Mixed vs. peers (7/13)
Wide moat 66/100
Evidence: High Range ¥4.16 – ¥9.11 Share as image

Fair value as of: Aug 9, 2026

From 9 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥7.27 to ¥6.78 (−6.7%) since Jul 25, 2026. Share price +3.9% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥4.16 to ¥9.11) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

¥7.18 ¥2.84 Fair Value ¥6.78 Mar 2021 Aug 2026

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 ¥2.84 – ¥7.18 · fair‑value band ¥4.16 – ¥9.11 · the ¥6.36 price screens below the ¥6.78 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Jiangsu Financial Leasing Co (600901) currently trades at ¥6.36, while our model-based Fair Value estimate is ¥6.78, implying the stock looks roughly 6.6% fairly valued today. The Quality Score stands at 38/100 (below-average quality), in the Financial Services 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: high), always confirm before acting.

Over the trailing twelve months, Jiangsu Financial Leasing Co generated revenue of 5.6B CNY at a net margin of 59.1%. Revenue grew 13.7% year over year. It earns a return on equity of 12.8%. Net debt stands at 120B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥4.16 (bear case) to ¥9.11 (bull case); at ¥6.36, the current price sits within 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 12% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 7%, 600901 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 ¥4.12 ¥4.88 ¥8.62 76
Gordon GGM ¥4.03 ¥8.39 ¥13.30 70
P/E Multiple ¥5.46 ¥7.27 ¥9.09 63
All 9 models by family
DCF Models
Owner Earnings ¥5.12 ¥16.52 ¥40.45 31
Earnings-Based
Graham-Dodd ¥3.80 ¥26.53 ¥37.23 54
Lynch FV ¥8.06 ¥11.51 ¥14.96 50
Dividend Discount
Gordon GGM ¥4.03 ¥8.39 ¥13.30 70
DDM Multi-Stage ¥4.03 ¥7.07 ¥8.80 61
Multiples
P/E Multiple ¥5.46 ¥7.27 ¥9.09 63
P/B Multiple ¥4.54 ¥6.06 ¥7.57 55
Asset-Based
NCAV (Graham) ¥2.16 ¥2.90 ¥4.33 50
Economic Profit
Residual Income ¥4.12 ¥4.88 ¥8.62 76

Widest divergence: DCF Models (¥16.52) versus Asset-Based (¥2.90). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 5.6B CNY
Revenue growth (YoY) +13.7%
Net margin 59.1%
Return on equity 12.8%
Free cash flow −1.0B CNY FY2025
P/E ratio 11.3
More key figures
Operating margin 77.9%
EPS (TTM) ¥0.5700
Dividend yield 4.6%
EPS growth (YoY) +7.7%
Net debt 120B CNY FY2025

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 32 · Market factors (momentum, volatility) 56

Profitability 38
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 53
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

Jiangsu Financial Leasing Co., Ltd., a non-bank financial institution, provides financial leasing services in China. It offers financial leasing solutions to energy industry, such as photovoltaic, wind power, thermal power, and energy storage power stations; environmental protection solutions, such as air treatment, sewage treatment, solid and hazardous …

Full company description

Jiangsu Financial Leasing Co., Ltd., a non-bank financial institution, provides financial leasing services in China. It offers financial leasing solutions to energy industry, such as photovoltaic, wind power, thermal power, and energy storage power stations; environmental protection solutions, such as air treatment, sewage treatment, solid and hazardous waste treatment, industrial and building energy saving, centralized cooling and heating, and other segmented fields; and shipping financial leasing services, including bulk carriers, containers, product oil tankers, chemical tankers, etc. The company also provides professional and customized leasing products and financial solutions for manufacturers and customers in high-end industrial equipment; financial services and equipment leasing solutions for information technology; and financial leasing solutions for healthcare industry, as well as customers in urban construction, cultural tourism, education, and other industries. In addition, it offers financial products for construction machinery manufacturers or dealers; and auto finance. The company was formerly known as Jiangsu Provincial Leasing Co., Ltd. and changed its name to Jiangsu Financial Leasing Co., Ltd. in April 2003. Jiangsu Financial Leasing Co., Ltd. was founded in 1985 and is based in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Financial Leasing Co reported revenue of ¥6.1B in FY2025 versus ¥6.5B in FY2021, a compound −1.5%/yr. Reported net income was ¥3.2B in FY2025, compounding +11.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.1B CNY
Latest YoY
−24.9%
Avg. growth/yr (3Y)
−4.0%
Avg. growth/yr (5Y)
+16.1%
Avg. growth/yr (19Y)
+25.9%
Revenue −1.5%/yr
FY21 ¥6.5B
FY22 ¥6.9B
FY23 ¥7.5B
FY24 ¥8.1B
FY25 ¥6.1B
Net income +11.8%/yr
FY21 ¥2.1B
FY22 ¥2.4B
FY23 ¥2.7B
FY24 ¥2.9B
FY25 ¥3.2B

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Cite: Fair Value Calculator (2026). "Jiangsu Financial Leasing Co Fair Value". https://www.fairvalue-calculator.com/stock/600901

Peer Group

Credit Services · 333 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 38 · Bottom 25%
Fair Value upside +7% · Above median
Return on equity (TTM) 13% · Above median
Return on assets 2% · Below median
Net margin (TTM) 59% · Top 25%
Operating margin (TTM) 78% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 4.7% · Above median
Debt / equity 1.22× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 11.2× · Cheaper than median
P/B 1.47× · Pricier than median
P/S (TTM) 6.61× · Pricier than 75% of peers
EV/EBITDA 14.7× · Pricier 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 42 · sector 35
FUTURE 69 · sector 39
PAST 51 · sector 32
HEALTH 39 · sector 59
DIVIDEND 94 · sector 51

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Jiangsu Financial Leasing Co (600901) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥6.78 versus a price of ¥6.36, about +7% (fairly valued).
What is the fair value of 600901?
Our model-based fair value for Jiangsu Financial Leasing Co is ¥6.78 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥6.36.
What is the quality score of 600901?
Jiangsu Financial Leasing Co has a Quality Score of 38/100. 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 Jiangsu Financial Leasing Co (600901)?
Jiangsu Financial Leasing Co reported trailing-twelve-month revenue of about 5.6B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600901?
The net profit margin of Jiangsu Financial Leasing Co is about 59.1%, meaning it keeps roughly 59.1% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Financial Leasing Co pay a dividend?
Jiangsu Financial Leasing Co currently shows a dividend yield of about 4.61% relative to its recent price (as of Aug 9, 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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