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CIG Shanghai Co (603083) Fair Value & Analysis

Technology · CN · Market cap 57.0B CNY

CS CIG Shanghai Co 603083 · SHG
Price¥185.90
Fair Value¥17.78
Upside-90.4%
Quality25/100
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Expensive Growth
Thin margins · 6.7% net margin
Low debt · negative free cash flow
0.21% dividend yield
Mixed vs. peers (6/13)
Narrow moat 41/100
Evidence: High Range ¥12.65 – ¥20.06 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated yesterday

Share price −10.7% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥20.06). The favourable scenario is already priced in.
  • Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥262.21 ¥8.96 Fair Value ¥17.78 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥8.96 – ¥262.21 · fair‑value band ¥12.65 – ¥20.06 · the ¥185.90 price screens above the ¥17.78 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CIG Shanghai Co (603083) currently trades at ¥185.90, while our model-based Fair Value estimate is ¥17.78, implying the stock looks roughly 90.4% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CIG Shanghai Co generated revenue of 5.2B CNY at a net margin of 6.7%. Revenue grew 44.0% year over year. It earns a return on equity of 5.7%. Net debt stands at 692M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥12.65 (bear case) to ¥20.06 (bull case); at ¥185.90, the current price sits above 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 15% below its 52-week high and 348% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -90%, 603083 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥7.26 to ¥60.18). Read the values as a conservative anchor, not as a price target.
Model 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. Evidence
Highest evidence
Residual Income ¥19.95 ¥19.67 ¥17.32 76
ROIC Compounder ¥29.80 ¥34.88 ¥40.37 72
Gordon GGM ¥4.14 ¥8.62 ¥13.67 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥6.50 ¥33.88 ¥46.87 54
Lynch FV ¥9.28 ¥13.26 ¥17.24 50
PEG = 1.0 ¥9.28 ¥13.26 ¥17.24 46
EPV ¥28.82 ¥30.78 ¥32.50 59
Dividend Discount
Gordon GGM ¥4.14 ¥8.62 ¥13.67 70
DDM Multi-Stage ¥4.14 ¥7.26 ¥9.04 61
Multiples
P/E Multiple ¥20.08 ¥26.77 ¥33.46 63
P/S Multiple ¥12.19 ¥16.25 ¥20.32 58
P/B Multiple ¥12.19 ¥16.25 ¥20.32 55
EV/EBIT ¥41.77 ¥50.01 ¥58.24 53
EV/EBITDA ¥49.40 ¥60.18 ¥70.97 54
EV/Revenue ¥29.55 ¥34.90 ¥40.26 43
Asset-Based
NCAV (Graham) ¥13.52 ¥18.11 ¥27.03 50
Economic Profit
Residual Income ¥19.95 ¥19.67 ¥17.32 76
ROIC Compounder ¥29.80 ¥34.88 ¥40.37 72
Growth Earnings
Growth-Adj P/E ¥16.26 ¥23.23 ¥30.19 68

Widest divergence: Multiples (¥26.77) versus Dividend Discount (¥7.26). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 5.2B CNY
Revenue growth (YoY) +44.0%
Net margin 6.7%
Return on equity 5.7%
Free cash flow −1.4B CNY FY2025
P/E ratio 133.4 as of Aug 10, 2026
More key figures
Operating margin 17.4%
EPS (TTM) ¥1.16
Dividend yield 0.2%
EPS growth (YoY) +183%
Net debt 692M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 29 · Market factors (momentum, volatility) 65

Profitability 25
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 0
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

CIG Shanghai Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sale of edge computing, industrial interconnection, and high-speed optical module products in China and internationally.

Full company description

CIG Shanghai Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sale of edge computing, industrial interconnection, and high-speed optical module products in China and internationally. The company offers terminal equipment, including telecom broadband, wireless networks, and small base stations for telecommunications, data communications, and enterprise networks. It also provides a range of optical transceiver solutions for data centers, high-performance computing, telecommunications, 5G wireless networks, and other applications; wired access network products, such as XGS-PON, 10G EPON, single family units, residential gateway units, and multiple dwelling units; and wireless access products comprising routers/gateways, data switches, wireless access points (AP), AC controllers, and LTE 4G/5G small cells, as well as indoor and outdoor APs, outdoor CPE, and Wi-Fi mesh home gateway products. In addition, the company offers carrier-grade ethernet switches for SMBs, enterprises, and service providers; and edge computing solutions for use in industrial IoT, telematics, 5G infrastructure, network security, and other applications. It exports its products. CIG Shanghai Co., Ltd. was founded in 2005 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CIG Shanghai Co reported revenue of ¥4.8B in FY2025 versus ¥2.9B in FY2021, a compound +13.4%/yr. Reported net income was ¥263M in FY2025, compounding +40.7%/yr from FY2021.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.8B CNY
Latest YoY
+32.1%
Avg. growth/yr (3Y) 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.
+8.4%
Avg. growth/yr (5Y) 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.
+12.2%
Avg. growth/yr (12Y) 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.
+15.3%
Revenue +13.4%/yr
FY21 ¥2.9B
FY22 ¥3.8B
FY23 ¥3.1B
FY24 ¥3.7B
FY25 ¥4.8B
Net income +40.7%/yr
FY21 ¥67.3M
FY22 ¥171M
FY23 ¥95.0M
FY24 ¥167M
FY25 ¥263M
Character of growth · EPS growth decomposed (2013-2024) +3.3 % p.a.
Revenue per share +2.4 pp

of which total revenue +8.0 pp · buybacks/dilution −5.6 pp

EBIT margin −0.3 pp
Tax rate +1.5 pp
Residual (interest, one-offs) −0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

603083 screens 90% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "CIG Shanghai Co Fair Value". https://www.fairvalue-calculator.com/stock/603083

Peer Group

Communication Equipment · 302 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 25 · Bottom 25%
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth 44% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 133.4× · Pricier than 75% of peers
P/B 7.65× · Pricier than 75% of peers
P/S (TTM) 10.93× · Pricier than 75% of peers
EV/EBITDA 84.2× · Pricier 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 0 · sector 0
FUTURE 100 · sector 34
PAST 23 · sector 15
HEALTH 99 · sector 98
DIVIDEND 4 · sector 23

VALUE 0: the price sits above our fair-value range.

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $120.43 $61.53 -49%
Zhongji Innolight Co 300308 ¥921.00 ¥171.09 -81%
Foxconn Industrial Internet Co 601138 ¥65.60 ¥28.65 -56%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 -59%
Nokia Oyj NOK $10.32 $3.77 -63%
Motorola Solutions, Inc MSI $469.74 $236.33 -50%
Suzhou TFC Optical Communication Co 300394 ¥240.05 ¥43.67 -82%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD -50%
Telefonaktiebolaget LM Ericsson (publ), ERICB kr 97.78 kr 157.82 +61%
ZTE Corporation 000063 ¥35.59 ¥19.72 -45%

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Frequently asked questions

Is CIG Shanghai Co (603083) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥17.78 versus a price of ¥185.90, about −90% (overvalued).
What is the fair value of 603083?
Our model-based fair value for CIG Shanghai Co is ¥17.78 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥185.90.
What is the quality score of 603083?
CIG Shanghai Co has a Quality Score of 25/100. 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 CIG Shanghai Co (603083)?
CIG Shanghai Co reported trailing-twelve-month revenue of about 5.2B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 603083?
The net profit margin of CIG Shanghai Co is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. Based on the latest reported figures.
Does CIG Shanghai Co pay a dividend?
CIG Shanghai Co currently shows a dividend yield of about 0.18% relative to its recent price (as of Aug 13, 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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