Ningbo Zhoushan Port Co Ltd (601018) Fair Value & Analysis
Industrials · CN · Market cap 65.2B CNY (≈ $9.7B) · ISIN CNE100000V12
What is Ningbo Zhoushan Port Co Ltd really worth?
A solid business, trading 20% below our fair value of ¥4.35.
Strengths
Risks
For context
Fair value as of: Aug 20, 2026
From 26 valuation models · updated 16 days ago
Fair value updated Aug 20, 2026, revised from ¥5.58 to ¥4.35 (−22.0%) since Aug 13, 2026. Share price +2.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥3.01 to ¥5.44) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.
How to read this chart
60‑month range ¥3.15 – ¥4.33 · fair‑value band ¥3.01 – ¥5.44 · the ¥3.47 price screens below the ¥4.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Ningbo Zhoushan Port Co Ltd (601018) currently trades at ¥3.47, while our model-based Fair Value estimate is ¥4.35, implying the stock looks roughly 20.3% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥6.22 per share, and 16 of the 26 models we run sit above the ¥3.47 price. Bear case: the Dividend Discount group reads lowest at ¥2.43, and 10 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Ningbo Zhoushan Port Co Ltd generated revenue of 32.1B CNY at a net margin of 16.1%. Revenue grew 15.6% year over year. It earns a return on equity of 6.4%. Net debt stands at 2.3B CNY. Fundamentals as of Aug 20, 2026
Our scenario range runs from ¥3.01 (bear case) to ¥5.44 (bull case); at ¥3.47, 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 20% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 19% fair-value upside, at 25%, 601018 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.1019 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (¥6.22) versus Dividend Discount (¥2.43). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 50
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Ningbo Zhoushan Port Company Limited operates as a container ocean trunk port in China. The company's terminal functions include container terminal facilities; iron ore professional terminal; crude oil terminal; liquid chemical raw material; coal transshipment, storage, and transportation base; and cruise terminal services.
Full company description
Ningbo Zhoushan Port Company Limited operates as a container ocean trunk port in China. The company's terminal functions include container terminal facilities; iron ore professional terminal; crude oil terminal; liquid chemical raw material; coal transshipment, storage, and transportation base; and cruise terminal services. It also offers port services, such as pilotage, ship tally, container loading and unpacking, cargo measurement, easy-to-fluidize solid bulk cargo sampling, and cargo damage and container inspection services. In addition, the company provides sea-rail transport logistics, domestic trade, shipping agency, port area freight forwarding, container logistics yard, railway liquefied product transportation and agency, cargo warehousing and full transportation, handling ship entry and exit procedures, contact arrangements for pilotage; signing bills of lading, and transportation contracts business. Further, the company handles customs declaration procedures for ships, containers, and goods; handles consignment and transit of goods and containers, and settlement and other projects; undertakes non-vessel operations; and collects freight. Additionally, it offers land bridge railway transportation, multimodal transportation, railway transit, export transportation, container rental, and other services. Furthermore, the company engages in software research and development, system integration, security engineering, and communication services. The company was formerly known as Ningbo Port Co., Ltd. and changed its name to Ningbo Zhoushan Port Company Limited in August 2016. The company was founded in 2008 and is based in Ningbo, China. Ningbo Zhoushan Port Company Limited operates as a subsidiary of Ningbo Zhoushan Port Group Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ningbo Zhoushan Port Co Ltd reported revenue of 31.1B CNY in FY2025 versus 23.1B CNY in FY2021, a compound +7.7%/yr. Reported net income was 5.2B CNY in FY2025, compounding +4.9%/yr from FY2021.
of which total revenue +7.1 % · buybacks/dilution −4.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Marine Shipping · 233 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.
Valuation Multiples vs Marine Shipping median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,714 | ₹1,041 | −39% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 20,820 | kr 20,145 | −3% |
| 532921 532921 | ₹1,697 | ₹1,305 | −23% |
| COSCO SHIPPING Holdings 601919 | ¥16.06 | ¥49.90 | +211% |
| Hapag-Lloyd Aktiengesellschaft, HLAG | €132.80 | €88.00 | −34% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.15 | +19% |
| HMM Co 011200 | 21,450 KRW | 33,795 KRW | +58% |
| Orient Overseas (International) Limited 0316 | HK$166.90 | HK$237.61 | +42% |
| Qingdao Port International Co 601298 | ¥8.69 | ¥15.97 | +84% |
| JSW Infrastructure Limited JSWINFRA | ₹329.85 | ₹122.71 | −63% |
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