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Qingdao Victall Railway Co (605001) Fair Value & Analysis

Industrials · CN · Market cap 2.4B CNY

QV Qingdao Victall Railway Co 605001 · SHG
Price¥5.68
Fair Value¥4.59
Upside-19.2%
Quality46/100
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Expensive Growth
Thin margins · 4.4% net margin
Low debt · negative free cash flow
3.29% dividend yield
Trails peers (4/13)
Narrow moat 30/100
Evidence: High Range ¥3.15 – ¥5.74 Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 29 days ago

Share price +3.1% over the past month.

Below-average quality, and screening another 19% overvalued on our models.

What matters now

  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥3.15 to ¥5.74) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥11.86 ¥3.88 Fair Value ¥4.59 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 ¥3.88 – ¥11.86 · fair‑value band ¥3.15 – ¥5.74 · the ¥5.68 price screens above the ¥4.59 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Qingdao Victall Railway Co (605001) currently trades at ¥5.68, while our model-based Fair Value estimate is ¥4.59, implying the stock looks roughly 19.2% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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, Qingdao Victall Railway Co generated revenue of 1.8B CNY at a net margin of 4.4%. Revenue grew 13.3% year over year. It earns a return on equity of 3.0%. Net debt stands at 754M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.15 (bear case) to ¥5.74 (bull case); at ¥5.68, 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 33% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at -19%, 605001 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 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 ¥5.01 ¥4.93 ¥4.20 76
ROIC Compounder ¥3.63 ¥4.14 ¥4.58 72
Gordon GGM ¥2.99 ¥5.95 ¥9.01 70
All 17 models by family
DCF Models
Owner Earnings ¥3.19 ¥6.28 ¥12.28 31
Earnings-Based
Graham-Dodd ¥1.49 ¥9.55 ¥13.36 54
Lynch FV ¥2.77 ¥3.95 ¥5.14 50
PEG = 1.0 ¥2.77 ¥3.95 ¥5.14 46
EPV ¥3.63 ¥4.14 ¥4.58 59
Dividend Discount
Gordon GGM ¥2.99 ¥5.95 ¥9.01 70
DDM Multi-Stage ¥2.99 ¥5.14 ¥6.28 61
Multiples
P/E Multiple ¥3.45 ¥4.59 ¥5.74 63
P/S Multiple ¥2.79 ¥3.72 ¥4.65 58
P/B Multiple ¥2.79 ¥3.72 ¥4.65 55
EV/EBIT ¥5.44 ¥7.13 ¥8.82 53
EV/EBITDA ¥7.41 ¥9.76 ¥12.11 54
EV/Revenue ¥3.99 ¥5.54 ¥7.09 43
Asset-Based
NCAV (Graham) ¥3.46 ¥4.64 ¥6.92 50
Economic Profit
Residual Income ¥5.01 ¥4.93 ¥4.20 76
ROIC Compounder ¥3.63 ¥4.14 ¥4.58 72
Growth Earnings
Growth-Adj P/E ¥3.91 ¥5.59 ¥7.26 68

Widest divergence: DCF Models (¥6.28) versus Earnings-Based (¥3.95). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.8B CNY
Revenue growth (YoY) +13.3%
Net margin 4.4%
Return on equity 3.0%
Free cash flow −164M CNY FY2025
P/E ratio 29.0
More key figures
Operating margin 6.3%
EPS (TTM) ¥0.2100
Dividend yield 3.3%
EPS growth (YoY) -25.0%
Net debt 754M CNY FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 42 · Market factors (momentum, volatility) 26

Profitability 23
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 85
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

Qingdao Victall Railway Co., Ltd. provides modular products and components for high-speed trains, urban rail, and subway vehicles in China and internationally.

Full company description

Qingdao Victall Railway Co., Ltd. provides modular products and components for high-speed trains, urban rail, and subway vehicles in China and internationally. It offers railway vehicle compartment interiors, railway vehicle cab interiors, subway overall interiors, railway vehicle exteriors, cab front, toilet module with water supply system, door system, airduct system, kitchen system, front hatch mechanism, gangway system, lighting system, luggage rack, folding seat, cab sunvisor, cab rear partition wall and door, VIP cabinet, 3D forming structural parts and BC parts. The company was founded in 2007 and is based in Qingdao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Qingdao Victall Railway Co reported revenue of ¥1.8B in FY2025 versus ¥615M in FY2021, a compound +30.5%/yr. Reported net income was ¥85.9M in FY2025.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
+16.8%
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.
+30.8%
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.
+8.9%
Avg. growth/yr (9Y) 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.
+7.9%
Revenue +30.5%/yr
FY21 ¥615M
FY22 ¥797M
FY23 ¥1.2B
FY24 ¥1.5B
FY25 ¥1.8B
Net income
FY21 −¥206M
FY22 −¥114M
FY23 ¥256M
FY24 ¥55.4M
FY25 ¥85.9M

605001 screens 19% overvalued. Compare with Union Pacific Corporation →

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Cite: Fair Value Calculator (2026). "Qingdao Victall Railway Co Fair Value". https://www.fairvalue-calculator.com/stock/605001

Peer Group

Railroads · 111 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 46 · Below median
Fair Value upside −19% · Below median
Return on equity (TTM) 3% · Bottom 25%
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 13% · Top 25%
Dividend yield (TTM) 3.3% · Above median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 29.0× · Pricier than 75% of peers
P/B 0.88× · Cheaper than median
P/S (TTM) 1.30× · Pricier than median
EV/EBITDA 9.4× · Pricier 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 8 · sector 28
FUTURE 67 · sector 20
PAST 12 · sector 31
HEALTH 96 · sector 88
DIVIDEND 66 · sector 41

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

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $301.75 $144.60 -52%
CSX Corporation CSX $49.41 $12.85 -74%
Canadian Pacific Kansas City Limited CP $92.91 $35.00 -62%
Canadian National Railway Company CNI $128.22 $92.63 -28%
Norfolk Southern Corporation NSC $327.47 $117.90 -64%
Westinghouse Air Brake Technologies Corporation WAB $259.71 $144.80 -44%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.82 ¥5.65 +17%
CRRC Corporation 601766 ¥5.65 ¥9.53 +69%
Daqin Railway Co 601006 ¥4.85 ¥6.24 +29%
Hyundai Rotem Company 064350 167,700 KRW 125,182 KRW -25%

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Frequently asked questions

Is Qingdao Victall Railway Co (605001) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥4.59 versus a price of ¥5.68, about −19% (overvalued).
What is the fair value of 605001?
Our model-based fair value for Qingdao Victall Railway Co is ¥4.59 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥5.68.
What is the quality score of 605001?
Qingdao Victall Railway Co has a Quality Score of 46/100. 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 Qingdao Victall Railway Co (605001)?
Qingdao Victall Railway Co reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 605001?
The net profit margin of Qingdao Victall Railway Co is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.
Does Qingdao Victall Railway Co pay a dividend?
Qingdao Victall Railway Co currently shows a dividend yield of about 3.29% 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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