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COSCO SHIPPING Development Co (601866) Fair Value & Analysis

Industrials · CN · Market cap 31.5B CNY

CS COSCO SHIPPING Development Co 601866 · SHG
Price¥2.39
Fair Value¥3.07
Upside+28.5%
Quality47/100
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Evidence: High Range ¥2.60 – ¥4.33

Fair value as of: Jun 24, 2026

From 15 valuation models · updated 8 days ago

Fair value updated Jun 24, 2026 — revised from ¥2.74 to ¥3.07 (+12.0%) since Jun 23, 2026. Share price −11.6% over the past month.

Price vs Fair Value (12 months)

¥3.41 ¥2.38 Fair Value ¥3.07 Jun 2025 Jul 2026

12‑month range ¥2.38 – ¥3.41 · fair‑value band ¥2.60 – ¥4.33 · the ¥2.39 price screens below the ¥3.07 fair value. As of Jun 24, 2026.

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Analysis

COSCO SHIPPING Development Co (601866) currently trades at ¥2.39, while our model-based Fair Value estimate is ¥3.07 — implying the stock looks roughly 28.5% undervalued today. We read business quality at 47/100 (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: high) — always confirm before acting.

Over the trailing twelve months, COSCO SHIPPING Development Co generated revenue of 25.8B CNY at a net margin of 6.0%. Revenue grew 10.5% year over year. It earns a return on equity of 5.3%. Net debt stands at 56.1B CNY. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 25.8B CNY
Revenue growth (YoY) +10.5%
Net margin 6.0%
Return on equity 5.3%
Free cash flow −4.4B CNY FY2025
P/E ratio 19.9
More key figures
Operating margin 10.5%
EPS (TTM) ¥0.1200
Dividend yield 1.6%
EPS growth (YoY) -12.8%
Net debt 56.1B CNY FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

COSCO SHIPPING Development Co., Ltd., together with its subsidiaries, research, develops, manufactures, and sells containers in the United States, Asia, Hong Kong, Mainland China, Europe, and internationally. It operates through Container Manufacturing Business; Shipping Leasing Business; Container Leasing Business; and Investment Management Business segments. The company offers dry cargo, refrigerated, and special containers, as well as container houses and after-sales services; integrated shipping, logistics, and industry finance services; and vessel chartering and financial leasing services, including container ships, dry bulk carriers, special-purpose vessels, and tankers. COSCO SHIPPING Development Co., Ltd. was formerly known as China Shipping Container Lines Company Limited and changed its name to COSCO SHIPPING Development Co., Ltd. in November 2016. COSCO SHIPPING Development Co., Ltd. was founded in 1997 and is headquartered in Shanghai, China.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

COSCO SHIPPING Development Co reported revenue of ¥25.2B in FY2025 versus ¥37.2B in FY2021, a compound −9.3%/yr. Reported net income was ¥1.6B in FY2025, compounding −28.3%/yr from FY2021.

Revenue −9.3%/yr
FY21 ¥37.2B
FY22 ¥25.6B
FY23 ¥15.7B
FY24 ¥27.6B
FY25 ¥25.2B
Net income −28.3%/yr
FY21 ¥6.1B
FY22 ¥3.9B
FY23 ¥1.4B
FY24 ¥1.7B
FY25 ¥1.6B

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Frequently asked questions

Is COSCO SHIPPING Development Co (601866) undervalued?
As of Jun 24, 2026, our model estimates a fair value of ¥3.07 versus a price of ¥2.39 — about +28% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 601866?
Our model-based fair value for COSCO SHIPPING Development Co is ¥3.07 (as of Jun 24, 2026), built from audited fundamentals. The current price is ¥2.39.
What is the quality score of 601866?
COSCO SHIPPING Development Co has a Quality Score of 47/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of COSCO SHIPPING Development Co (601866)?
COSCO SHIPPING Development Co reported trailing-twelve-month revenue of about 25.8B CNY (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 601866?
The net profit margin of COSCO SHIPPING Development Co is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does COSCO SHIPPING Development Co pay a dividend?
COSCO SHIPPING Development Co currently shows a dividend yield of about 1.57% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.