Xingtong Shipping Co. Ltd. (603209) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Xingtong Shipping Co. Ltd. stock ¥14.83, price ¥14.19, upside +4.5%, quality 32 out of 100. Rating: fairly valued. 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 5, 2026.
How to read this chart
55‑month range ¥10.93 – ¥27.74 · fair‑value band ¥11.12 – ¥18.54 · the ¥14.19 price screens below the ¥14.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Xingtong Shipping Co., Ltd. engages in water transport of bulk liquid dangerous goods. The company transports water transport of liquid chemicals, refined oil and liquefied petroleum gas.
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It is also involved in domestic and international ship management business; international passenger ships; ship transportation; domestic cargo transportation agency; and ship leasing business. As of December 31, 2024, the company operates 37 bulk liquid chemical tankers and 37 ships.
Xingtong Shipping Co., Ltd. was founded in 1997 and is based in Quanzhou, China.
Stock analysis
Xingtong Shipping Co. Ltd. (603209) currently trades at ¥14.19, while our model-based Fair Value estimate is ¥14.83, so the stock looks roughly fairly valued today (gap 4.3%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥28.25 per share, and 8 of the 16 models we run sit above the ¥14.19 price.
Bear case: the Dividend Discount group reads lowest at ¥4.33, and 8 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥11.12 (bear) to ¥18.54 (bull), the price of ¥14.19 sits inside 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 32/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Xingtong Shipping Co. Ltd. reported revenue of 1.6B CNY in FY2025 versus 567M CNY in FY2021, a compound +30.2%/yr. Reported net income was 270M CNY in FY2025, compounding +7.9%/yr from FY2021.
Key figures
Market cap 4.6B CNY (≈ $692M) Small · P/E ratio 12.0 · P/S ratio 2.34 · EPS (TTM) ¥1.18 · Dividend yield 1.4% · Net margin 19.5% · Return on equity 10.4% · Return on assets (EBIT) 11.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 13% 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 5%, 603209 screens richer than that median.
Fair Value models
Bear¥11.12Fair Value ¥14.83Bull¥18.54
Price ¥14.19 · Upside +4.5%
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 (¥0.8377 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.
Best data coverage
Residual Income¥8.29¥8.75¥9.6976
ROIC Compounder¥6.60¥7.71¥8.6572
EPV¥6.60¥7.71¥8.6571
All 16 models by family
Earnings-Based
Graham-Dodd¥5.65¥39.40¥55.2963
Lynch FV¥15.71¥22.44¥29.1761
PEG = 1.0¥15.71¥22.44¥29.1757
EPV¥6.60¥7.71¥8.6571
Dividend Discount
Gordon GGM¥2.45¥4.56¥6.4867
DDM Multi-Stage¥2.45¥4.09¥4.8567
Multiples
P/E Multiple¥13.08¥17.45¥21.8163
P/S Multiple¥7.52¥10.02¥12.5358
P/B Multiple¥34.57¥46.09¥57.6155
EV/EBIT¥13.64¥18.58¥23.5366
EV/EBITDA¥16.43¥22.30¥28.1767
EV/Revenue¥5.12¥7.83¥10.5353
Asset-Based
NCAV (Graham)¥5.12¥6.86¥10.2454
Economic Profit
Residual Income¥8.29¥8.75¥9.6976
ROIC Compounder¥6.60¥7.71¥8.6572
Growth Earnings
Growth-Adj P/E¥19.77¥28.25¥36.7267
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.5%
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.
+27.5%
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.
+33.3%
Start year 2020 (pandemic)
Revenue growth 6 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.
+33.2%
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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.
+8.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.2%
Dividend (yield on the price)1.4%
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.45% → 23%
Compare Xingtong Shipping Co. Ltd. with another stock
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 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside+4.5% · Below median
Profitability
Return on equity (12 months)10.4% · Above median
Return on assets4.8% · Above median
Net margin (12 months)19.5% · Above median
Operating margin (12 months)25.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)28.1% · Above median
Dividend yield (12 months)1.4% · Below median
Balance sheet
Debt / equity0.30× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Xingtong Shipping Co. Ltd. (603209) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥14.83 versus a price of ¥14.19, about +5% upside (fairly valued).
What is the fair value of 603209?
Our model-based fair value for Xingtong Shipping Co. Ltd. is ¥14.83 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥14.19.
What is the quality score of 603209?
Xingtong Shipping Co. Ltd. has a Quality Score of 32/100. 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 Xingtong Shipping Co. Ltd. (603209)?
Our model-based price target is the fair value of ¥14.83 (as of Nov 5, 2026) from 16 valuation models. Cautious scenario ¥11.12, optimistic scenario ¥18.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Xingtong Shipping Co. Ltd. stock forecast for 2026?
Our models put fair value at ¥14.83, about +5% upside versus a price of ¥14.19 (fairly valued). Cautious scenario ¥11.12, optimistic scenario ¥18.54. The calculation is refreshed regularly with new filings.
What is the revenue of Xingtong Shipping Co. Ltd. (603209)?
Xingtong Shipping Co. Ltd. reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Nov 5, 2026).
Does Xingtong Shipping Co. Ltd. pay a dividend?
Xingtong Shipping Co. Ltd. currently shows a dividend yield of 1.41% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Xingtong Shipping Co. Ltd. (603209) and when is the ex-dividend date?
Xingtong Shipping Co. Ltd. pays a dividend of ¥0.2 per share a year, a dividend yield of 1.4%. The last ex-dividend date was Jun 23, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 16.9% 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 Xingtong Shipping Co. Ltd. (603209)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Xingtong Shipping Co. Ltd. it is ¥14.83 per share (as of Nov 5, 2026), against a price of ¥14.19. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Xingtong Shipping Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 603209 trades below its calculated fair value: price ¥14.19, fair value ¥14.83, a gap of about +5% (fairly valued). 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 603209?
No. The price is what the market pays today (¥14.19); the fair value is what the company's own numbers justify (¥14.83). For Xingtong Shipping Co. Ltd. the two are ¥0.6425 per share apart. That gap is exactly why we show both numbers side by side.
How much is Xingtong Shipping Co. Ltd. worth?
The market values Xingtong Shipping Co. Ltd. at about 4.6B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥14.19; our models calculate a fair value of ¥14.83 per share.
What do the bullish and bearish scenarios say about 603209?
Our models span a range for Xingtong Shipping Co. Ltd.: cautious scenario ¥11.12, base ¥14.83, optimistic ¥18.54 per share (as of Nov 5, 2026, price ¥14.19). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603209?
Xingtong Shipping Co. Ltd. trades at a price-to-earnings ratio of 12.0 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥14.83 is built from several models across several years. Other multiples: P/B 1.4, P/S 2.3, EV/EBITDA 7.0.
How solid is the balance sheet of Xingtong Shipping Co. Ltd. (603209)?
Balance-sheet figures for Xingtong Shipping Co. Ltd. (as of Nov 5, 2026): return on equity 10.4%, debt of 0.30 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 603209 from its 52-week high?
Xingtong Shipping Co. Ltd. trades at ¥14.19, about 17% below its 52-week high of ¥17.19 and 13% above the low of ¥12.53 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥14.83 is for.
Which stocks are comparable to Xingtong Shipping Co. Ltd.?
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 Xingtong Shipping Co. Ltd. stock attractive at the current price?
The data as of Nov 5, 2026: price ¥14.19, calculated fair value ¥14.83 (+5%), Quality Score 32/100, 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 603209 calculated?
We run Xingtong Shipping Co. Ltd. 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 ¥14.83 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. Xingtong Shipping Co. Ltd. currently trades 4% below its own fair value, and the market average says nothing about that. 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 Xingtong Shipping Co. Ltd. (603209)?
The closing price on Nov 6, 2026 was ¥14.19. Our model-based fair value is ¥14.83, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Xingtong Shipping Co. Ltd. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Xingtong Shipping Co. Ltd.
How large is the market capitalisation of Xingtong Shipping Co. Ltd. (603209)?
The market capitalisation of Xingtong Shipping Co. Ltd. is 4.6B CNY (≈ $692M). 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 Xingtong Shipping Co. Ltd. (603209)?
The price-to-sales ratio of Xingtong Shipping Co. Ltd. is 2.34 (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 Xingtong Shipping Co. Ltd. (603209)?
Earnings per share at Xingtong Shipping Co. Ltd. are ¥1.18 (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Xingtong Shipping Co. Ltd. (603209)?
The dividend yield of Xingtong Shipping Co. Ltd. is 1.4% (payout 16.9%). 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 Xingtong Shipping Co. Ltd. (603209)?
The net margin of Xingtong Shipping Co. Ltd. is 19.5% (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 Xingtong Shipping Co. Ltd. (603209)?
The return on equity (ROE) of Xingtong Shipping Co. Ltd. is 10.4% (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 Xingtong Shipping Co. Ltd. (603209)?
On an EBIT basis the return on assets of Xingtong Shipping Co. Ltd. is 11.6% (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 Xingtong Shipping Co. Ltd. (603209)?
The operating margin of Xingtong Shipping Co. Ltd. is 25.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Xingtong Shipping Co. Ltd. (603209)?
Revenue at Xingtong Shipping Co. Ltd. is growing +28.1% versus a year earlier (3y avg +27.5%). 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 Xingtong Shipping Co. Ltd. (603209)?
Earnings per share at Xingtong Shipping Co. Ltd. are growing +58.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Xingtong Shipping Co. Ltd. (603209) generate?
The free cash flow of Xingtong Shipping Co. Ltd. is −290M 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 Xingtong Shipping Co. Ltd. (603209) carry?
The net debt of Xingtong Shipping Co. Ltd. is 388M 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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Nov 5, 2026