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Shanghai Zhonggu Logistics Co (603565) Fair Value & Analysis

Industrials · CN · Market cap 20.8B CNY

SZ Shanghai Zhonggu Logistics Co 603565 · SHG
Price¥10.39
Fair Value¥12.70
Upside+22.3%
Quality72/100
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Weak Growth
Solidly profitable · 18.6% net margin
Moderate debt · generates free cash flow
11.34% dividend yield
Ranks above peers (10/14)
Wide moat 73/100
Evidence: High Range ¥9.53 – ¥15.88 Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from ¥20.01 to ¥12.70 (−36.5%) since Jun 25, 2026. Share price +7.0% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • Our model range runs from ¥9.53 (bear) to ¥15.88 (bull), base ¥12.70. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥13.63 ¥5.50 Fair Value ¥12.70 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥5.50 – ¥13.63 · fair‑value band ¥9.53 – ¥15.88 · the ¥10.39 price screens below the ¥12.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Shanghai Zhonggu Logistics Co (603565) currently trades at ¥10.39, while our model-based Fair Value estimate is ¥12.70, implying the stock looks roughly 22.3% undervalued today. The Quality Score stands at 72/100 (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: high), always confirm before acting.

Over the trailing twelve months, Shanghai Zhonggu Logistics Co generated revenue of 10.6B CNY at a net margin of 18.6%. Revenue grew 0.4% year over year. It earns a return on equity of 17.5%. The balance sheet holds a net cash position of 1.1B CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥9.53 (bear case) to ¥15.88 (bull case); at ¥10.39, 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 14% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 22%, 603565 screens cheaper 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 ¥15.87 ¥23.09 ¥33.58 80
Residual Income ¥5.96 ¥7.21 ¥16.06 76
Rev-Margin DCF ¥10.52 ¥14.87 ¥20.00 74
All 26 models by family
DCF Models
FCF DCF ¥15.68 ¥23.94 ¥36.80 38
Owner Earnings ¥14.70 ¥22.39 ¥34.36 31
5Y Revenue Exit ¥10.52 ¥14.74 ¥20.00 39
5Y EBITDA Exit ¥15.60 ¥24.37 ¥34.67 41
5Y P/E Exit ¥15.32 ¥23.85 ¥32.88 38
10Y Revenue Exit ¥12.04 ¥16.38 ¥22.05 36
10Y EBITDA Exit ¥15.49 ¥23.12 ¥33.40 37
10Y P/E Exit ¥15.32 ¥22.75 ¥32.01 35
Earnings-Based
Graham-Dodd ¥6.48 ¥21.61 ¥28.94 54
Lynch FV ¥4.90 ¥7.00 ¥9.10 50
PEG = 1.0 ¥4.90 ¥7.00 ¥9.10 46
EPV ¥10.58 ¥12.06 ¥13.35 59
Dividend Discount
Gordon GGM ¥12.20 ¥25.37 ¥40.24 70
DDM Multi-Stage ¥12.20 ¥20.83 ¥26.62 61
Multiples
P/E Multiple ¥15.01 ¥20.01 ¥25.01 63
P/S Multiple ¥7.58 ¥10.11 ¥12.64 58
P/B Multiple ¥12.15 ¥16.20 ¥20.25 55
EV/EBIT ¥17.32 ¥22.52 ¥27.73 53
EV/EBITDA ¥17.19 ¥22.35 ¥27.50 54
EV/Revenue ¥8.08 ¥10.81 ¥13.54 43
Asset-Based
NCAV (Graham) ¥2.49 ¥3.34 ¥4.98 50
Growth DCF
Growth DCF ¥15.87 ¥23.09 ¥33.58 80
Rev-Margin DCF ¥10.52 ¥14.87 ¥20.00 74
Economic Profit
Residual Income ¥5.96 ¥7.21 ¥16.06 76
ROIC Compounder ¥11.24 ¥13.70 ¥16.49 72
Growth Earnings
Growth-Adj P/E ¥12.72 ¥18.17 ¥23.62 68

Widest divergence: DCF Models (¥22.75) versus Asset-Based (¥3.34). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 10.6B CNY
Revenue growth (YoY) +0.4%
Net margin 18.6%
Return on equity 17.5%
Free cash flow 2.5B CNY FY2025
P/E ratio 10.6
More key figures
Operating margin 30.9%
EPS (TTM) ¥0.9400
Dividend yield 11.3%
EPS growth (YoY) -3.8%
Net cash 1.1B CNY FY2024

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 69 · Market factors (momentum, volatility) 57

Profitability 49
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 84
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

Shanghai Zhonggu Logistics Co., Ltd. provides container shipping services in China. It offers container transportation services; multimodal transport services, such as sea-land combined transportation, river-sea combined transportation, water-to-water transshipment, sea-rail combined transportation, and cold chain transportation services; electronic …

Full company description

Shanghai Zhonggu Logistics Co., Ltd. provides container shipping services in China. It offers container transportation services; multimodal transport services, such as sea-land combined transportation, river-sea combined transportation, water-to-water transshipment, sea-rail combined transportation, and cold chain transportation services; electronic business platform, such as shipping big data and e-commerce platform; digitized logistics services, including booking systems, land transport systems, and vessel management systems. The company was founded in 2003 and is headquartered in Shanghai, China. Shanghai Zhonggu Logistics Co., Ltd. is a subsidiary of Zhonggu Shipping Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Zhonggu Logistics Co reported revenue of ¥10.6B in FY2025 versus ¥12.3B in FY2021, a compound −3.6%/yr. Reported net income was ¥2.0B in FY2025, compounding −4.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
10.6B CNY
Latest YoY
−5.7%
Avg. growth/yr (3Y)
−9.3%
Avg. growth/yr (5Y)
+0.4%
Avg. growth/yr (12Y)
+15.8%
Revenue −3.6%/yr
FY21 ¥12.3B
FY22 ¥14.2B
FY23 ¥12.4B
FY24 ¥11.3B
FY25 ¥10.6B
Net income −4.5%/yr
FY21 ¥2.4B
FY22 ¥2.7B
FY23 ¥1.7B
FY24 ¥1.8B
FY25 ¥2.0B

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Cite: Fair Value Calculator (2026). "Shanghai Zhonggu Logistics Co Fair Value". https://www.fairvalue-calculator.com/stock/603565

Peer Group

Integrated Freight & Logistics · 219 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 72 · Top 25%
Fair Value upside +22% · Above median
Return on equity (TTM) 18% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 11.3% · Top 25%
Debt / equity 0.62× · Higher than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 10.6× · Cheaper than median
P/B 1.99× · Pricier than median
P/S (TTM) 1.96× · Pricier than 75% of peers
P/FCF 1.2× · Cheaper than median
EV/EBITDA 5.9× · Cheaper than median

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 63 · sector 45
FUTURE 2 · sector 8
PAST 70 · sector 26
HEALTH 69 · sector 94
DIVIDEND 100 · sector 55

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is Shanghai Zhonggu Logistics Co (603565) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥12.70 versus a price of ¥10.39, about +22% (undervalued).
What is the fair value of 603565?
Our model-based fair value for Shanghai Zhonggu Logistics Co is ¥12.70 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥10.39.
What is the quality score of 603565?
Shanghai Zhonggu Logistics Co has a Quality Score of 72/100. 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 Shanghai Zhonggu Logistics Co (603565)?
Shanghai Zhonggu Logistics Co reported trailing-twelve-month revenue of about 10.6B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 603565?
The net profit margin of Shanghai Zhonggu Logistics Co is about 18.6%, meaning it keeps roughly 18.6% of revenue as net income. Based on the latest reported figures.
Does Shanghai Zhonggu Logistics Co pay a dividend?
Shanghai Zhonggu Logistics Co currently shows a dividend yield of about 11.34% relative to its recent price (as of Jul 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.

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