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COSCO SHIPPING Holdings (601919) Fair Value & Analysis

Industrials · CN · Market cap 213B CNY

CS COSCO SHIPPING Holdings 601919 · SHG
Price¥15.37
Fair Value¥18.42
Upside+19.8%
Quality57/100
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Mixed Growth
Solidly profitable · 11.7% net margin
Low debt · generates free cash flow
7.18% dividend yield
Ranks above peers (13/15)
Moderate moat 47/100
Evidence: Medium Range ¥14.30 – ¥22.48 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from ¥40.37 to ¥18.42 (−54.4%) since Jul 7, 2026. Share price +11.1% over the past month.

A solid business, screening 20% undervalued on our models.

What matters now

  • Our model range runs from ¥14.30 (bear) to ¥22.48 (bull), base ¥18.42. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥17.41 ¥5.14 Fair Value ¥18.42 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥5.14 – ¥17.41 · fair‑value band ¥14.30 – ¥22.48 · the ¥15.37 price screens below the ¥18.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

COSCO SHIPPING Holdings (601919) currently trades at ¥15.37, while our model-based Fair Value estimate is ¥18.42, implying the stock looks roughly 19.8% undervalued today. We read business quality at 57/100 (solid 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, COSCO SHIPPING Holdings generated revenue of 213B CNY at a net margin of 11.7%. Revenue declined 10.6% year over year. It earns a return on equity of 9.9%. The balance sheet holds a net cash position of 73.2B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥14.30 (bear case) to ¥22.48 (bull case); at ¥15.37, 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 9% below its 52-week high and 10% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 69% fair-value upside, at 20%, 601919 screens richer 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
Growth DCF ¥35.71 ¥56.53 ¥94.17 80
Residual Income ¥18.04 ¥21.75 ¥40.29 76
Rev-Margin DCF ¥34.17 ¥52.46 ¥76.13 74
All 26 models by family
DCF Models
FCF DCF ¥35.83 ¥58.16 ¥98.94 38
Owner Earnings ¥39.22 ¥64.47 ¥110.60 31
5Y Revenue Exit ¥34.17 ¥52.98 ¥78.61 39
5Y EBITDA Exit ¥44.63 ¥74.58 ¥112.51 41
5Y P/E Exit ¥41.63 ¥68.40 ¥99.20 38
10Y Revenue Exit ¥33.69 ¥52.06 ¥80.42 36
10Y EBITDA Exit ¥41.64 ¥68.28 ¥109.52 37
10Y P/E Exit ¥39.60 ¥63.63 ¥98.09 35
Earnings-Based
Graham-Dodd ¥16.73 ¥78.12 ¥107.35 54
Lynch FV ¥20.65 ¥29.49 ¥38.34 50
PEG = 1.0 ¥20.65 ¥29.49 ¥38.34 46
EPV ¥30.55 ¥34.17 ¥37.39 59
Dividend Discount
Gordon GGM ¥18.88 ¥41.22 ¥69.35 70
DDM Multi-Stage ¥18.88 ¥33.76 ¥42.95 61
Multiples
P/E Multiple ¥36.90 ¥49.20 ¥61.50 63
P/S Multiple ¥31.36 ¥41.82 ¥52.27 58
P/B Multiple ¥31.36 ¥41.82 ¥52.27 55
EV/EBIT ¥45.02 ¥56.69 ¥68.35 53
EV/EBITDA ¥51.58 ¥65.44 ¥79.29 54
EV/Revenue ¥33.62 ¥43.73 ¥53.84 43
Asset-Based
NCAV (Graham) ¥9.25 ¥12.40 ¥18.51 50
Growth DCF
Growth DCF ¥35.71 ¥56.53 ¥94.17 80
Rev-Margin DCF ¥34.17 ¥52.46 ¥76.13 74
Economic Profit
Residual Income ¥18.04 ¥21.75 ¥40.29 76
ROIC Compounder ¥33.54 ¥41.97 ¥52.99 72
Growth Earnings
Growth-Adj P/E ¥31.94 ¥45.63 ¥59.32 68

Widest divergence: DCF Models (¥63.63) versus Asset-Based (¥12.40). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 213B CNY
Revenue growth (YoY) -10.6%
Net margin 11.7%
Return on equity 9.9%
Free cash flow 23.7B CNY FY2025
P/E ratio 7.1
More key figures
Operating margin 12.9%
EPS (TTM) ¥1.98
Dividend yield 7.2%
EPS growth (YoY) -48.6%
Net cash 73.2B CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 59 · Market factors (momentum, volatility) 55

Profitability 41
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 86
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 98
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

COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping business in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business, Terminal Business, and Other Businesses segments.

Full company description

COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping business in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business, Terminal Business, and Other Businesses segments. The company offers routes and maritime container transportation services, logistics and port service, and digital supply chain service for enterprises in cross-border e-commerce, home appliances, photovoltaic, automobile, and other industries. It also provides management and financing services; freight forwarding and transportation; property lease; shipping agency; vessel chartering; marine; document services; vessel management and manning; cargo and liner agency; asset management; technical services, container maintenance, container yard warehousing services; multimodal transport; terminal operations; and supply chain management services. In addition, the company engages in the operation of rail terminals. As of December 31, 2025, it operated container fleet of 590 ships with a total capacity of approximately 3.60 million TEUs. The company was formerly known as China COSCO Holdings Company Limited and changed its name to COSCO SHIPPING Holdings Co., Ltd. in November 2016. COSCO SHIPPING Holdings Co., Ltd. was incorporated in 2005 and is based in Tianjin, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

COSCO SHIPPING Holdings reported revenue of ¥218B in FY2025 versus ¥334B in FY2021, a compound −10.0%/yr. Reported net income was ¥30.9B in FY2025, compounding −23.3%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
218B CNY
Latest YoY
−6.6%
Avg. growth/yr (3Y)
−17.6%
Avg. growth/yr (5Y)
+5.0%
Avg. growth/yr (23Y)
+11.2%
Revenue −10.0%/yr
FY21 ¥334B
FY22 ¥391B
FY23 ¥175B
FY24 ¥234B
FY25 ¥218B
Net income −23.3%/yr
FY21 ¥89.3B
FY22 ¥110B
FY23 ¥23.9B
FY24 ¥49.1B
FY25 ¥30.9B

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Cite: Fair Value Calculator (2026). "COSCO SHIPPING Holdings Fair Value". https://www.fairvalue-calculator.com/stock/601919

Peer Group

Marine Shipping · 227 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 57 · Above median
Fair Value upside +20% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 13% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 7.2% · Top 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 0.92× · Cheaper than median
P/S (TTM) 1.00× · Cheaper than median
P/FCF 1.3× · Cheaper than median
EV/EBITDA 2.4× · Cheaper than 75% of peers
PEG 0.26× · Cheaper than 75% of peers

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 60 · sector 27
FUTURE 0 · sector 18
PAST 40 · sector 26
HEALTH 94 · sector 88
DIVIDEND 100 · sector 47

Insider activity: 35/100

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.30 ¥5.58 +69%
Qingdao Port International Co 601298 ¥8.07 ¥16.97 +110%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%
Yang Ming Marine Transport Corporation 2609 50.10 TWD 96.14 TWD +92%

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Frequently asked questions

Is COSCO SHIPPING Holdings (601919) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥18.42 versus a price of ¥15.37, about +20% (undervalued).
What is the fair value of 601919?
Our model-based fair value for COSCO SHIPPING Holdings is ¥18.42 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥15.37.
What is the quality score of 601919?
COSCO SHIPPING Holdings has a Quality Score of 57/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of COSCO SHIPPING Holdings (601919)?
COSCO SHIPPING Holdings reported trailing-twelve-month revenue of about 213B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 601919?
The net profit margin of COSCO SHIPPING Holdings is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.
Does COSCO SHIPPING Holdings pay a dividend?
COSCO SHIPPING Holdings currently shows a dividend yield of about 6.91% relative to its recent price (as of Jul 12, 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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