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Qingdao Port International Co (601298) Fair Value & Analysis

Industrials · CN · Market cap 57.6B CNY

QP Qingdao Port International Co 601298 · SHG
Price¥8.69
Fair Value¥13.16
Upside+51.4%
Quality70/100
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Mixed Growth
Highly profitable · 27.4% net margin
Low debt · generates free cash flow
3.86% dividend yield
Ranks above peers (11/14)
Wide moat 69/100
Evidence: Medium Range ¥8.23 – ¥17.51 Share as image

Fair value as of: Aug 8, 2026

From 26 valuation models · updated 6 days ago

Fair value updated Aug 8, 2026, revised from ¥16.97 to ¥13.16 (−22.5%) since Jul 7, 2026. Share price +2.6% over the past month.

A solid business, screening 51% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (¥8.23 to ¥17.51) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥9.79 ¥4.37 Fair Value ¥13.16 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥4.37 – ¥9.79 · fair‑value band ¥8.23 – ¥17.51 · the ¥8.69 price screens below the ¥13.16 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Qingdao Port International Co (601298) currently trades at ¥8.69, while our model-based Fair Value estimate is ¥13.16, implying the stock looks roughly 51.4% undervalued today. The Quality Score stands at 70/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Qingdao Port International Co generated revenue of 19.2B CNY at a net margin of 27.4%. Revenue grew 7.2% year over year. It earns a return on equity of 11.4%. The balance sheet holds a net cash position of 11.6B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥8.23 (bear case) to ¥17.51 (bull case); at ¥8.69, 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 13% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at 51%, 601298 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
Growth DCF ¥7.87 ¥11.22 ¥16.11 80
Residual Income ¥6.44 ¥7.46 ¥13.40 76
Rev-Margin DCF ¥5.91 ¥8.33 ¥11.20 74
All 26 models by family
DCF Models
FCF DCF ¥7.79 ¥11.64 ¥17.68 38
Owner Earnings ¥9.03 ¥13.63 ¥20.84 31
5Y Revenue Exit ¥5.91 ¥8.29 ¥11.30 39
5Y EBITDA Exit ¥11.16 ¥18.31 ¥26.82 41
5Y P/E Exit ¥11.13 ¥18.25 ¥25.89 38
10Y Revenue Exit ¥6.41 ¥8.77 ¥11.93 36
10Y EBITDA Exit ¥9.90 ¥15.80 ¥24.00 37
10Y P/E Exit ¥9.88 ¥15.77 ¥23.29 35
Earnings-Based
Graham-Dodd ¥5.51 ¥18.85 ¥25.30 54
Lynch FV ¥4.34 ¥6.20 ¥8.06 50
PEG = 1.0 ¥4.34 ¥6.20 ¥8.06 46
EPV ¥9.89 ¥11.30 ¥12.53 59
Dividend Discount
Gordon GGM ¥3.18 ¥6.61 ¥10.49 70
DDM Multi-Stage ¥3.18 ¥5.50 ¥6.94 61
Multiples
P/E Multiple ¥12.76 ¥17.01 ¥21.26 63
P/S Multiple ¥4.33 ¥5.78 ¥7.22 58
P/B Multiple ¥10.33 ¥13.77 ¥17.21 55
EV/EBIT ¥15.37 ¥20.01 ¥24.65 53
EV/EBITDA ¥14.24 ¥18.51 ¥22.78 54
EV/Revenue ¥5.08 ¥6.64 ¥8.20 43
Asset-Based
NCAV (Graham) ¥3.51 ¥4.71 ¥7.02 50
Growth DCF
Growth DCF ¥7.87 ¥11.22 ¥16.11 80
Rev-Margin DCF ¥5.91 ¥8.33 ¥11.20 74
Economic Profit
Residual Income ¥6.44 ¥7.46 ¥13.40 76
ROIC Compounder ¥10.52 ¥13.15 ¥16.38 72
Growth Earnings
Growth-Adj P/E ¥10.91 ¥15.59 ¥20.26 68

Widest divergence: Growth Earnings (¥15.59) versus Asset-Based (¥4.71). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 19.2B CNY
Revenue growth (YoY) +7.2%
Net margin 27.4%
Return on equity 11.4%
Free cash flow 3.6B CNY FY2025
P/E ratio 10.9 as of Jun 15, 2026
More key figures
Operating margin 34.3%
EPS (TTM) ¥0.8100
Dividend yield 3.7%
EPS growth (YoY) -4.5%
Net cash 11.6B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 52

Profitability 53
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 80
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 Port International Co., Ltd. operates the Port of Qingdao. It operates through five segments: Container Handling and Supporting Services; Dry Bulk Cargo Handling and Related Services; Liquid Bulk Handling and Supporting Services; Logistics and Port Value-Added Services; and Port Auxiliary Services.

Full company description

Qingdao Port International Co., Ltd. operates the Port of Qingdao. It operates through five segments: Container Handling and Supporting Services; Dry Bulk Cargo Handling and Related Services; Liquid Bulk Handling and Supporting Services; Logistics and Port Value-Added Services; and Port Auxiliary Services. The company is involved in the loading and discharging of containers, loading, unloading, storage, transportation, and port management of crude oil and other liquid bulk cargoes metal ores, coal, grains, general cargo, and other goods. It also provides storage services; and container freight station, cargo logistics, agency, towing, tallying, facilities construction, and other services. In addition, the company manufactures port-related equipment; and supplies electricity, power, fuel, and other products. Further, it offers tugboat and barging, and ocean shipping tallying services; and security, emergency, and handling. Additionally, the company provides shipping repair and agency, freight forwarding, engineering and construction, ship agency, property management, media, lightering, fuel storage, oil pipeline transportation, and check and inspection services. It also engages in the LNG operations; production of electricity and heat; and selling of goods. The company was incorporated in 2013 and is headquartered in Qingdao, the People's Republic of China. Qingdao Port International Co., Ltd. operates as a subsidiary of Qingdao Port Group Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Qingdao Port International Co reported revenue of ¥18.8B in FY2025 versus ¥16.8B in FY2021, a compound +2.9%/yr. Reported net income was ¥5.3B in FY2025, compounding +7.3%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
18.8B CNY
Latest YoY
−0.7%
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.
−0.8%
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.
+7.3%
Avg. growth/yr (13Y) 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.
+9.6%
Revenue +2.9%/yr
FY21 ¥16.8B
FY22 ¥19.3B
FY23 ¥18.2B
FY24 ¥18.9B
FY25 ¥18.8B
Net income +7.3%/yr
FY21 ¥4.0B
FY22 ¥4.5B
FY23 ¥4.9B
FY24 ¥5.2B
FY25 ¥5.3B
Character of growth · EPS growth decomposed (2013-2024) +8.6 % p.a.
Revenue per share +7.6 pp

of which total revenue +11.7 pp · buybacks/dilution −4.1 pp

EBIT margin +4.5 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −3.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Qingdao Port International Co Fair Value". https://www.fairvalue-calculator.com/stock/601298

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.

Quality Score 70 · Top 25%
Fair Value upside +51% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 34% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 3.9% · Top 25%
Debt / equity 0.08× · Lower than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 10.9× · Cheaper than median
P/B 1.26× · Pricier than median
P/S (TTM) 3.01× · Pricier than 75% of peers
P/FCF 2.4× · Cheaper than median
EV/EBITDA 7.0× · 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 100 · sector 23
FUTURE 36 · sector 18
PAST 45 · sector 26
HEALTH 96 · sector 88
DIVIDEND 77 · sector 45

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

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JSW Infrastructure Limited JSWINFRA ₹346.60 ₹126.31 -64%
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PT Transcoal Pacific Tbk, a shipping company, TCPI 3,640 IDR 368.32 IDR -90%
Pan Ocean Co 028670 5,630 KRW 11,840 KRW +110%
Sociedad Matriz SAAM S.A SMSAAM 136.33 CLP 146.31 CLP +7%
PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%

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Frequently asked questions

Is Qingdao Port International Co (601298) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥13.16 versus a price of ¥8.69, about +51% (undervalued).
What is the fair value of 601298?
Our model-based fair value for Qingdao Port International Co is ¥13.16 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥8.69.
What is the quality score of 601298?
Qingdao Port International Co has a Quality Score of 70/100. 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 Port International Co (601298)?
Qingdao Port International Co reported trailing-twelve-month revenue of about 19.2B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 601298?
The net profit margin of Qingdao Port International Co is about 27.4%, meaning it keeps roughly 27.4% of revenue as net income. Based on the latest reported figures.
Does Qingdao Port International Co pay a dividend?
Qingdao Port International Co currently shows a dividend yield of about 3.73% relative to its recent price (as of Aug 8, 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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