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Shanghai Conglin Environmental Protection Technology Co (688370) Fair Value & Analysis

Industrials · CN · Market cap 2.8B CNY

SC Shanghai Conglin Environmental Protection Technology Co 688370 · SHG
Price¥24.25
Fair Value¥4.47
Upside-81.6%
Quality61/100
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Weak Growth
Thin margins · 5.6% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 31/100
Evidence: High Range ¥4.07 – ¥5.09 Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Share price +10.2% over the past month.

A solid business, but screening 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.09). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

¥30.80 ¥14.92 Fair Value ¥4.47 Aug 2022 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

48‑month range ¥14.92 – ¥30.80 · fair‑value band ¥4.07 – ¥5.09 · the ¥24.25 price screens above the ¥4.47 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Shanghai Conglin Environmental Protection Technology Co (688370) currently trades at ¥24.25, while our model-based Fair Value estimate is ¥4.47, implying the stock looks roughly 81.6% overvalued today. The Quality Score stands at 61/100 (solid 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, Shanghai Conglin Environmental Protection Technology Co generated revenue of 516M CNY at a net margin of 5.6%. Revenue declined 8.3% year over year. It earns a return on equity of 0.7%. Net debt stands at 48.9M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥4.07 (bear case) to ¥5.09 (bull case); at ¥24.25, 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 25% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at -82%, 688370 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.

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
Growth DCF ¥16.83 ¥19.57 ¥24.12 80
Residual Income ¥13.08 ¥12.24 ¥8.64 76
Rev-Margin DCF ¥12.03 ¥12.58 ¥13.39 74
All 24 models by family
DCF Models
FCF DCF ¥16.50 ¥19.35 ¥24.46 38
Owner Earnings ¥15.46 ¥17.93 ¥22.36 31
5Y Revenue Exit ¥12.03 ¥12.40 ¥12.91 39
5Y EBITDA Exit ¥15.75 ¥18.83 ¥22.93 41
5Y P/E Exit ¥13.18 ¥14.39 ¥15.87 38
10Y Revenue Exit ¥13.78 ¥14.21 ¥14.57 36
10Y EBITDA Exit ¥15.99 ¥18.10 ¥20.31 37
10Y P/E Exit ¥14.47 ¥15.42 ¥16.26 35
Earnings-Based
Graham-Dodd ¥1.15 ¥1.40 ¥1.58 54
EPV ¥9.01 ¥9.06 ¥9.10 59
Dividend Discount
Gordon GGM ¥3.74 ¥4.07 ¥4.58 70
DDM Multi-Stage ¥3.74 ¥4.62 ¥5.82 61
Multiples
P/E Multiple ¥2.66 ¥3.55 ¥4.44 63
P/S Multiple ¥2.15 ¥2.87 ¥3.59 58
P/B Multiple ¥2.15 ¥2.87 ¥3.59 55
EV/EBIT ¥9.25 ¥9.43 ¥9.61 53
EV/EBITDA ¥16.35 ¥18.90 ¥21.45 54
EV/Revenue ¥9.09 ¥9.26 ¥9.42 43
Asset-Based
NCAV (Graham) ¥9.69 ¥12.99 ¥19.39 50
Growth DCF
Growth DCF ¥16.83 ¥19.57 ¥24.12 80
Rev-Margin DCF ¥12.03 ¥12.58 ¥13.39 74
Economic Profit
Residual Income ¥13.08 ¥12.24 ¥8.64 76
ROIC Compounder ¥9.01 ¥9.06 ¥9.10 72
Growth Earnings
Growth-Adj P/E ¥1.88 ¥2.68 ¥3.49 68

Widest divergence: DCF Models (¥15.42) versus Earnings-Based (¥1.40). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 516M CNY
Revenue growth (YoY) -8.3%
Net margin 5.6%
Return on equity 0.7%
Free cash flow 115M CNY FY2025
P/E ratio 98.4
More key figures
Operating margin 7.0%
EPS (TTM) ¥0.2100
EPS growth (YoY) +100%
Net debt 48.9M CNY FY2021

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 62 · Market factors (momentum, volatility) 48

Profitability 16
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 83
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 Conglin Environmental Protection Technology Co., Ltd. engages in the disposal and resource utilization of hazardous waste. The company offers technical services and technical consulting, as well as environmental protection equipment, mechanical equipment, metal products, and plastic products.

Full company description

Shanghai Conglin Environmental Protection Technology Co., Ltd. engages in the disposal and resource utilization of hazardous waste. The company offers technical services and technical consulting, as well as environmental protection equipment, mechanical equipment, metal products, and plastic products. It is also involved in technology development; technology transfer in the field of environmental protection technology; construction of environmental protection construction projects; and import and export of goods and technologies. The company serves information technology, high-end equipment, new materials, new energy, biomedicine, and other fields. Shanghai Conglin Environmental Protection Technology Co., Ltd. was founded in 2017 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Conglin Environmental Protection Technology Co reported revenue of ¥526M in FY2025 versus ¥667M in FY2021, a compound −5.7%/yr. Reported net income was ¥23.2M in FY2025, compounding −40.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
526M CNY
Latest YoY
−11.6%
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.
−10.5%
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.
−4.7%
Revenue −5.7%/yr
FY21 ¥667M
FY22 ¥733M
FY23 ¥635M
FY24 ¥595M
FY25 ¥526M
Net income −40.9%/yr
FY21 ¥189M
FY22 ¥175M
FY23 ¥88.4M
FY24 ¥90.0M
FY25 ¥23.2M

688370 screens 82% overvalued. Compare with Waste Management, Inc →

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Cite: Fair Value Calculator (2026). "Shanghai Conglin Environmental Protection Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/688370

Peer Group

Waste Management · 166 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 61 · Top 25%
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 0% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth -8% · Bottom 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 98.4× · Pricier than 75% of peers
P/B 1.07× · Cheaper than median
P/S (TTM) 5.49× · Pricier than 75% of peers
P/FCF 3.6× · Pricier than median
EV/EBITDA 13.8× · 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 0 · sector 8
FUTURE 0 · sector 22
PAST 3 · sector 25
HEALTH 99 · sector 81
DIVIDEND 0 · sector 30

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

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Shanghai Conglin Environmental Protection Technology Co (688370) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥4.47 versus a price of ¥24.25, about −82% (overvalued).
What is the fair value of 688370?
Our model-based fair value for Shanghai Conglin Environmental Protection Technology Co is ¥4.47 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥24.25.
What is the quality score of 688370?
Shanghai Conglin Environmental Protection Technology Co has a Quality Score of 61/100. 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 Conglin Environmental Protection Technology Co (688370)?
Shanghai Conglin Environmental Protection Technology Co reported trailing-twelve-month revenue of about 516M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688370?
The net profit margin of Shanghai Conglin Environmental Protection Technology Co is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.

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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