Zhengping Road&Bridge Constr (603843) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Zhengping Road&Bridge Constr ¥0.72, price ¥5.90, upside -87.8%, quality 37 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ¥1.77 – ¥9.70 · fair‑value band ¥0.6600 – ¥0.8000 · the ¥5.90 price screens above the ¥0.7200 fair value. Dashed = 300-day average. As of Oct 1, 2026.
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Zhengping Road & Bridge Construction Co.,Ltd. engages in the design, construction, operation, and consultation of infrastructure development in China. It undertakes projects in transportation, road construction, water conservancy, electric power, manufacturing facilities.
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Zhengping Road & Bridge Construction Co.,Ltd. engages in the design, construction, operation, and consultation of infrastructure development in China. It undertakes projects in transportation, road construction, water conservancy, electric power, manufacturing facilities. The company is also engaged in the cultural tourism industry business and retailing of agricultural and sideline products. In addition, it provides other services, such as consultation, engineering, installation, manufacturing, and maintenance for a variety of projects; and engages in the manufacturing of products for engineering facilities and electrical equipment. The company was founded in 1993 and is based in Xining, China.
Stock analysis
Zhengping Road&Bridge Constr (603843) currently trades at ¥5.90, while our model-based Fair Value estimate is ¥0.7200, 87.8% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 7 models at a data quality of 89/100, which puts the evidence level at low.
Scenario range: ¥0.6600 (bear) to ¥0.8000 (bull), the price of ¥5.90 sits above 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 37/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Zhengping Road&Bridge Constr reported revenue of 1.4B CNY in FY2025 versus 5.0B CNY in FY2021, a compound −27.7%/yr. Reported net income was −142M CNY in FY2025.
Key figures
Market cap 4.1B CNY (≈ $617M) · P/S ratio 3.55 · EPS (TTM) ¥−0.2900 · Dividend yield 1.3% · Net margin −10.3% · Return on equity −73.3% · Return on assets (EBIT) −3.1% · Operating margin −99.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −88%, 603843 screens richer than that median.
Fair Value models
Bear ¥0.6600Fair Value ¥0.7200Bull ¥0.8000
Price ¥5.90 · Upside -87.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.
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.6/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.9%
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.
−14.8%
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.
−22.4%
Start year 2020 (pandemic). Over 10 years: −5.4% a year
Revenue growth 14 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.
+0.2%
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Profit margin (trend) ⓘ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.
3.3% (2020) → 0.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Zhengping Road&Bridge Constr 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.Engineering & Construction · 796 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−87.8% · Bottom 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−0.5% · Bottom 25%
Net margin (TTM)−16.3% · Bottom 25%
Operating margin (TTM)−99.9% · Bottom 25%
Growth and dividend
Revenue growth−44.3% · Bottom 25%
Dividend yield (TTM)1.3% · Below median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)0.49× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 31
FUTURE (revenue growth)0· sector 18
PAST (return on equity)0· sector 30
HEALTH (low debt)0· sector 94
DIVIDEND (yield)26· sector 43
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Zhengping Road&Bridge Constr (603843) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ¥0.7200 versus a price of ¥5.90, about −88% upside (overvalued).
What is the fair value of 603843?
Our model-based fair value for Zhengping Road&Bridge Constr is ¥0.7200 (as of Oct 1, 2026), built from audited fundamentals. The current price: ¥5.90.
What is the quality score of 603843?
Zhengping Road&Bridge Constr has a Quality Score of 37/100. 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 Zhengping Road&Bridge Constr (603843)?
Our model-based price target is the fair value of ¥0.7200 (as of Oct 1, 2026) from 3 valuation models. Cautious scenario ¥0.6600, optimistic scenario ¥0.8000. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhengping Road&Bridge Constr stock forecast for 2026?
Our models put fair value at ¥0.7200, about −88% upside versus a price of ¥5.90 (overvalued). Cautious scenario ¥0.6600, optimistic scenario ¥0.8000. The calculation is refreshed regularly with new filings.
What is the revenue of Zhengping Road&Bridge Constr (603843)?
Zhengping Road&Bridge Constr reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Oct 1, 2026).
Does Zhengping Road&Bridge Constr pay a dividend?
Zhengping Road&Bridge Constr currently shows a dividend yield of about 1.29% relative to its recent price (as of Oct 1, 2026).
What is the intrinsic value of Zhengping Road&Bridge Constr (603843)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhengping Road&Bridge Constr it is ¥0.7200 per share (as of Oct 1, 2026), against a price of ¥5.90. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Zhengping Road&Bridge Constr stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 603843 trades above its calculated fair value: price ¥5.90, fair value ¥0.7200, a gap of about −88% (overvalued). 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 603843?
No. The price is what the market pays today (¥5.90); the fair value is what the company's own numbers justify (¥0.7200). For Zhengping Road&Bridge Constr the two are ¥5.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhengping Road&Bridge Constr worth?
The market values Zhengping Road&Bridge Constr at about 4.1B CNY (market capitalisation, as of Oct 1, 2026). Per share that is ¥5.90; our models calculate a fair value of ¥0.7200 per share.
What do the bullish and bearish scenarios say about 603843?
Our models span a range for Zhengping Road&Bridge Constr: cautious scenario ¥0.6600, base ¥0.7200, optimistic ¥0.8000 per share (as of Oct 1, 2026, price ¥5.90). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zhengping Road&Bridge Constr (603843)?
Balance-sheet figures for Zhengping Road&Bridge Constr (as of Oct 1, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 603843 from its 52-week high?
Zhengping Road&Bridge Constr trades at ¥5.90, about 39% below its 52-week high of ¥9.70 and 32% above the low of ¥4.46 (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.7200 is for.
Which stocks are comparable to Zhengping Road&Bridge Constr?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Zhengping Road&Bridge Constr stock attractive at the current price?
The data as of Oct 1, 2026: price ¥5.90, calculated fair value ¥0.7200 (−88%), Quality Score 37/100, from 3 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 603843 calculated?
We run Zhengping Road&Bridge Constr through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.7200, 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 14.5 % above its aggregate fair value. Zhengping Road&Bridge Constr itself currently trades above fair value. 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 Zhengping Road&Bridge Constr (603843)?
The closing price on Oct 8, 2026 was ¥5.90. Our model-based fair value is ¥0.7200, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhengping Road&Bridge Constr right now?
The price sits above even our optimistic bull case (¥0.8000). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Zhengping Road&Bridge Constr
How large is the market capitalisation of Zhengping Road&Bridge Constr (603843)?
The market capitalisation of Zhengping Road&Bridge Constr is 4.1B CNY (≈ $617M). 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 Zhengping Road&Bridge Constr (603843)?
The price-to-sales ratio of Zhengping Road&Bridge Constr is 3.55 (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 Zhengping Road&Bridge Constr (603843)?
Earnings per share at Zhengping Road&Bridge Constr are ¥−0.2900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhengping Road&Bridge Constr (603843)?
The dividend yield of Zhengping Road&Bridge Constr is 1.3%. 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 Zhengping Road&Bridge Constr (603843)?
The net margin of Zhengping Road&Bridge Constr is −10.3% (fiscal year 2025). 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 Zhengping Road&Bridge Constr (603843)?
The return on equity (ROE) of Zhengping Road&Bridge Constr is −73.3% (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 Zhengping Road&Bridge Constr (603843)?
On an EBIT basis the return on assets of Zhengping Road&Bridge Constr is −3.1% (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 Zhengping Road&Bridge Constr (603843)?
The operating margin of Zhengping Road&Bridge Constr is −99.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhengping Road&Bridge Constr (603843)?
Revenue at Zhengping Road&Bridge Constr is growing −44.3% versus a year earlier (3y avg −14.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Zhengping Road&Bridge Constr (603843) generate?
The free cash flow of Zhengping Road&Bridge Constr is −88.2M 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 Zhengping Road&Bridge Constr (603843) carry?
The net debt of Zhengping Road&Bridge Constr is 1.9B 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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