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Qingdao Port International Co Ltd (601298) Fair Value & Analysis

Industrials · CN · Market cap 57.6B CNY (≈ $8.6B) · ISIN CNE100003GT6

What is Qingdao Port International Co Ltd really worth?

QP Qingdao Port International Co Ltd 601298 · SHG
Price¥9.21
Fair Value¥13.16
Upside+42.8%
Quality70/100

A solid business, trading 30% below our fair value of ¥13.16.

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Strengths

Highly profitable · 27.4% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 69/100

Risks

!Mixed Growth (revenue 5y +7.3 %/yr)
!Evidence only medium, so the estimate is less certain

For context

·3.75% dividend yield
Evidence: Medium Range ¥8.23 – ¥17.51

Fair value as of: Aug 16, 2026

From 26 valuation models · updated 20 days ago

Fair value updated Aug 16, 2026, revised from ¥15.97 to ¥13.16 (−17.6%) since Aug 8, 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

  • 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.

Price vs Fair Value (5 years)

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

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.

How to read this chart

60‑month range ¥4.37 – ¥9.79 · fair‑value band ¥8.23 – ¥17.51 · the ¥9.21 price screens below the ¥13.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 16, 2026.

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Analysis

Qingdao Port International Co Ltd (601298) currently trades at ¥9.21, while our model-based Fair Value estimate is ¥13.16, implying the stock looks roughly 30.0% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥18.81 per share, and 18 of the 26 models we run sit above the ¥9.21 price. Bear case: the Asset-Based group reads lowest at ¥5.68, and 8 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Qingdao Port International Co Ltd 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 16, 2026

Our scenario range runs from ¥8.23 (bear case) to ¥17.51 (bull case); at ¥9.21, 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 8% below its 52-week high and 14% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 19% fair-value upside, at 43%, 601298 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 ¥0.3159 per share, which is 2.4 % 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.

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
FCF DCF best evidence ¥9.41 ¥14.05 ¥21.34 80
Growth DCF ¥9.50 ¥13.54 ¥19.45 78
Owner Earnings ¥10.90 ¥16.45 ¥25.16 76
All 26 models by family
DCF Models
FCF DCF best evidence ¥9.41 ¥14.05 ¥21.34 80
Owner Earnings ¥10.90 ¥16.45 ¥25.16 76
5Y Revenue Exit ¥7.14 ¥10.01 ¥13.64 73
5Y EBITDA Exit ¥13.47 ¥22.09 ¥32.37 74
5Y P/E Exit ¥13.43 ¥22.03 ¥31.25 70
10Y Revenue Exit ¥7.74 ¥10.59 ¥14.41 67
10Y EBITDA Exit ¥11.94 ¥19.07 ¥28.97 67
10Y P/E Exit ¥11.92 ¥19.03 ¥28.10 63
Earnings-Based
Graham-Dodd ¥6.65 ¥22.75 ¥30.53 64
Lynch FV ¥5.24 ¥7.48 ¥9.72 61
PEG = 1.0 ¥5.24 ¥7.48 ¥9.72 57
EPV ¥11.93 ¥13.63 ¥15.12 74
Dividend Discount
Gordon GGM ¥3.84 ¥7.98 ¥12.66 66
DDM Multi-Stage ¥3.84 ¥6.63 ¥8.38 66
Multiples
P/E Multiple ¥15.40 ¥20.53 ¥25.66 63
P/S Multiple ¥5.23 ¥6.98 ¥8.72 58
P/B Multiple ¥12.46 ¥16.62 ¥20.77 55
EV/EBIT ¥18.55 ¥24.15 ¥29.76 66
EV/EBITDA ¥17.19 ¥22.34 ¥27.49 67
EV/Revenue ¥6.13 ¥8.01 ¥9.89 54
Asset-Based
NCAV (Graham) ¥4.24 ¥5.68 ¥8.48 54
Growth DCF
Growth DCF ¥9.50 ¥13.54 ¥19.45 78
Rev-Margin DCF ¥7.14 ¥10.05 ¥13.51 73
Economic Profit
Residual Income ¥7.77 ¥9.00 ¥16.17 73
ROIC Compounder ¥12.70 ¥15.87 ¥19.78 72
Growth Earnings
Growth-Adj P/E ¥13.17 ¥18.81 ¥24.46 67

Widest divergence: Growth Earnings (¥18.81) versus Asset-Based (¥5.68). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 10.9 as of Jun 15, 2026
P/S ratio 3.04 P/E × margin
EPS (TTM) ¥0.8100 price ÷ EPS = P/E 10.9
Dividend yield 3.7% payout 42.6%
Net margin 28.0% FY2025
Return on equity 11.4% TTM
More key figures
Profitability
Return on assets (EBIT) 10.8% avg 5y
Operating margin 34.3% TTM
Growth
Revenue (TTM) 19.2B CNY TTM
Revenue growth (YoY) +7.2% 3y avg −0.8%
EPS growth (YoY) −4.5%
Balance sheet & cash flow
Free cash flow 3.6B CNY FY2025
Net cash 11.6B CNY FY2025

Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 60

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 42
Price trend over the last 3–12 months (market factor)
52W Momentum 54
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.

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

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 Ltd reported revenue of 18.8B CNY in FY2025 versus 16.8B CNY in FY2021, a compound +2.9%/yr. Reported net income was 5.3B CNY 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+10.2% (6.5 + 3.7)
Revenue +2.9%/yr
FY21 16.8B CNY
FY22 19.3B CNY
FY23 18.2B CNY
FY24 18.9B CNY
FY25 18.8B CNY
Net income +7.3%/yr
FY21 4.0B CNY
FY22 4.5B CNY
FY23 4.9B CNY
FY24 5.2B CNY
FY25 5.3B CNY
Character of growth · EPS growth decomposed (2013-2024) +8.6 % p.a.
Revenue per share +7.6 %

of which total revenue +11.7 % · buybacks/dilution −3.7 %

EBIT margin +4.5 %
Tax rate −0.1 %
Residual (interest, one-offs) −3.4 %

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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Cite: Fair Value Calculator (2026). "Qingdao Port International Co Ltd 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 +43% · 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) 3.7% · Above median
Debt / equity 0.08× · Lower than median

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

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE90 · sector 29
FUTURE36 · sector 24
PAST45 · sector 27
HEALTH96 · sector 89
DIVIDEND75 · sector 53

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

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 16, 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%
Ningbo Zhoushan Port Company 601018 ¥3.39 ¥5.58 +65%
JSW Infrastructure Limited JSWINFRA ₹329.85 ₹122.71 −63%

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Frequently asked questions

Is Qingdao Port International Co Ltd (601298) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of ¥13.16 versus a price of ¥9.21, about +43% upside (undervalued).
What is the fair value of 601298?
Our model-based fair value for Qingdao Port International Co Ltd is ¥13.16 (as of Aug 16, 2026), built from audited fundamentals. The current price: ¥9.21.
What is the quality score of 601298?
Qingdao Port International Co Ltd 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 Ltd (601298)?
Qingdao Port International Co Ltd reported trailing-twelve-month revenue of about 19.2B CNY (latest available figure, as of Aug 16, 2026).
What is the net profit margin of 601298?
The net profit margin of Qingdao Port International Co Ltd 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 Ltd pay a dividend?
Qingdao Port International Co Ltd currently shows a dividend yield of about 3.75% relative to its recent price (as of Aug 16, 2026).
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