GZ Port (601228) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of GZ Port stock ¥2.06, price ¥3.13, that is 34.2% below the price, quality 45 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥2.82 – ¥4.25 · fair‑value band ¥1.44 – ¥2.40 · the ¥3.13 price screens above the ¥2.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Guangzhou Port Company Limited engages in the water transportation industry in China.
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The company engages in the operation of hub port and container trunk port; Roll-on/roll-off vehicle, petrochemicals, coal, steel, grain, and automobiles, warehousing, domestic, and international freight forwarding and shipping agency, as well as tugboat services for domestic and international vessels entering and leaving the port, waterway cargo transportation, and logistics services.
Its fleet comprises tugboats, a shuttle bus fleet, and a port railway connecting to the inland hinterland. The company was founded in 2004 and is based in Guangzhou, China. Guangzhou Port Company Limited operates as a subsidiary of Guangzhou Port Group Co.,Ltd.
Stock analysis
GZ Port (601228) currently trades at ¥3.13, while our model-based Fair Value estimate is ¥2.06, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥2.25 per share, and 2 of the 16 models we run sit above the ¥3.13 price.
Bear case: the Earnings-Based group reads lowest at ¥0.8150, and 14 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.44 (bear) to ¥2.40 (bull), the price of ¥3.13 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 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
GZ Port reported revenue of 13.9B CNY in FY2025 versus 12.0B CNY in FY2021, a compound +3.7%/yr. Reported net income was 822M CNY in FY2025, compounding −7.8%/yr from FY2021.
Key figures
Market cap 23.6B CNY (≈ $3.5B) Mid · P/E ratio 28.5 · P/S ratio 2.27 · EPS (TTM) ¥0.1100 · Dividend yield 1.5% · Net margin 6.1% · Return on equity 4.4% · Return on assets (EBIT) 3.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −34%, 601228 screens richer than that median.
Fair Value models
Bear¥1.44Fair Value ¥2.06Bull¥2.40
Price ¥3.13 · Downside -34.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0530 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.23/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.3%
Start year 2020 (pandemic). Over 10 years: +7.6% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
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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.
−3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.0%
Dividend (yield on the price)1.5%
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.−5.0% vs −1.0%, slowing
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% → 14%
Price, fair value, quality and upside side by side.
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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.Marine Shipping · 220 stocks
Beats the industry median on 0/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−34.2% · Bottom 25%
Profitability
Return on equity (12 months)4.4% · Below median
Return on assets2.0% · Below median
Net margin (12 months)7.9% · Below median
Operating margin (12 months)12.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)2.6% · Below median
Dividend yield (12 months)1.5% · Below median
Balance sheet
Debt / equity0.69× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)28.5× · Priciest 25%
P/B1.11× · Pricier than median
P/S (12 months)2.27× · Pricier than median
EV/EBITDA13.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 44
FUTURE (revenue growth)13· sector 60
PAST (return on equity)18· sector 36
HEALTH (low debt)65· sector 89
DIVIDEND (yield)31· sector 61
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). "GZ Port Fair Value". https://www.fairvalue-calculator.com/stock/601228
Frequently asked questions
Is GZ Port (601228) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥2.06 versus a price of ¥3.13, about 34% lower (overvalued).
What is the fair value of 601228?
Our model-based fair value for GZ Port is ¥2.06 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥3.13.
What is the quality score of 601228?
GZ Port has a Quality Score of 45/100. 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 GZ Port (601228)?
Our model-based price target is the fair value of ¥2.06 (as of Nov 8, 2026) from 16 valuation models. Cautious scenario ¥1.44, optimistic scenario ¥2.40. It is a calculation from audited fundamentals, not an analyst target.
What is the GZ Port stock forecast for 2026?
Our models put fair value at ¥2.06, about 34% lower versus a price of ¥3.13 (overvalued). Cautious scenario ¥1.44, optimistic scenario ¥2.40. The calculation is refreshed regularly with new filings.
What is the revenue of GZ Port (601228)?
GZ Port reported trailing-twelve-month revenue of about 13.6B CNY (latest available figure, as of Nov 8, 2026).
Does GZ Port pay a dividend?
GZ Port currently shows a dividend yield of 1.53% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of GZ Port (601228) and when is the ex-dividend date?
GZ Port pays a dividend of ¥0.048 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Jul 16, 2026. The payout ratio is 43.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of GZ Port (601228)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GZ Port it is ¥2.06 per share (as of Nov 8, 2026), against a price of ¥3.13. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is GZ Port stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 601228 trades above its calculated fair value: price ¥3.13, fair value ¥2.06, a gap of about −34% (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 601228?
No. The price is what the market pays today (¥3.13); the fair value is what the company's own numbers justify (¥2.06). For GZ Port the two are ¥1.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is GZ Port worth?
The market values GZ Port at about 23.6B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥3.13; our models calculate a fair value of ¥2.06 per share.
What do the bullish and bearish scenarios say about 601228?
Our models span a range for GZ Port: cautious scenario ¥1.44, base ¥2.06, optimistic ¥2.40 per share (as of Nov 8, 2026, price ¥3.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601228?
GZ Port trades at a price-to-earnings ratio of 28.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥2.06 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 26.5. Other multiples: P/B 1.1, P/S 2.3, EV/EBITDA 13.4.
How solid is the balance sheet of GZ Port (601228)?
Balance-sheet figures for GZ Port (as of Nov 8, 2026): return on equity 4.4%, debt of 0.69 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 601228 from its 52-week high?
GZ Port trades at ¥3.13, about 17% below its 52-week high of ¥3.75 and 11% above the low of ¥2.82 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.06 is for.
Which stocks are comparable to GZ Port?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 GZ Port stock attractive at the current price?
The data as of Nov 8, 2026: price ¥3.13, calculated fair value ¥2.06 (−34%), Quality Score 45/100, from 16 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 601228 calculated?
We run GZ Port through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥2.06 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. GZ Port 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 GZ Port (601228)?
The closing price on Nov 6, 2026 was ¥3.13. Our model-based fair value is ¥2.06, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GZ Port right now?
The price sits above even our optimistic bull case (¥2.40). The favourable scenario is already priced in. Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of GZ Port (601228) come from?
Earnings per share at GZ Port grew −0.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share +4.8 %, EBIT margin −4.0 %, tax rate −0.4 %, residual (interest, one-offs) −0.7 %. 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 GZ Port
How large is the market capitalisation of GZ Port (601228)?
The market capitalisation of GZ Port is 23.6B CNY (≈ $3.5B). 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 GZ Port (601228)?
The price-to-sales ratio of GZ Port is 2.27 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of GZ Port (601228)?
Earnings per share at GZ Port are ¥0.1100 (price ÷ EPS = P/E 28.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GZ Port (601228)?
The dividend yield of GZ Port is 1.5% (payout 43.6%). 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 GZ Port (601228)?
The net margin of GZ Port is 6.1% (last twelve months). 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 GZ Port (601228)?
The return on equity (ROE) of GZ Port is 4.4% (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 GZ Port (601228)?
On an EBIT basis the return on assets of GZ Port is 3.5% (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 GZ Port (601228)?
The operating margin of GZ Port is 12.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GZ Port (601228)?
Revenue at GZ Port is growing +2.6% versus a year earlier (3y avg +3.0%). 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 GZ Port (601228)?
Earnings per share at GZ Port are growing +13.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does GZ Port (601228) generate?
The free cash flow of GZ Port is −481M 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 debt does GZ Port (601228) carry?
The net debt of GZ Port is 11.5B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026