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Sinotrans Limited (601598) Fair Value & Analysis

Industrials · CN · Market cap 46.4B CNY

SL Sinotrans Limited 601598 · SHG
Price¥6.46
Fair Value¥7.38
Upside+14.2%
Quality57/100
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Mixed Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
4.64% dividend yield
Mixed vs. peers (7/14)
Narrow moat 30/100
Evidence: Medium Range ¥4.93 – ¥10.63 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Share price +18.5% over the past month.

A solid business, screening 14% undervalued on our models.

What matters now

  • A fairly wide model range (¥4.93 to ¥10.63) leaves room in how you read the outcome.
  • Our model range runs from ¥4.93 (bear) to ¥10.63 (bull), base ¥7.38. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥7.80 ¥3.19 Fair Value ¥7.38 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥3.19 – ¥7.80 · fair‑value band ¥4.93 – ¥10.63 · the ¥6.46 price screens below the ¥7.38 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sinotrans Limited (601598) currently trades at ¥6.46, while our model-based Fair Value estimate is ¥7.38, implying the stock looks roughly 14.2% undervalued today. The Quality Score stands at 57/100 (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, Sinotrans Limited generated revenue of 94.6B CNY at a net margin of 4.3%. Revenue declined 9.3% year over year. It earns a return on equity of 9.9%. The balance sheet holds a net cash position of 1.7B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥4.93 (bear case) to ¥10.63 (bull case); at ¥6.46, 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 19% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 21% fair-value upside, at 14%, 601598 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 ¥3.74 ¥4.79 ¥6.29 80
Residual Income ¥5.04 ¥5.58 ¥8.00 76
Rev-Margin DCF ¥4.30 ¥6.12 ¥8.17 74
All 26 models by family
DCF Models
FCF DCF ¥3.69 ¥4.87 ¥6.64 38
Owner Earnings ¥9.01 ¥13.00 ¥18.99 31
5Y Revenue Exit ¥4.30 ¥6.13 ¥8.47 39
5Y EBITDA Exit ¥6.23 ¥9.70 ¥13.74 41
5Y P/E Exit ¥7.32 ¥11.71 ¥16.29 38
10Y Revenue Exit ¥3.96 ¥5.57 ¥7.72 36
10Y EBITDA Exit ¥5.28 ¥8.03 ¥11.70 37
10Y P/E Exit ¥5.97 ¥9.42 ¥13.63 35
Earnings-Based
Graham-Dodd ¥3.81 ¥11.15 ¥14.73 54
Lynch FV ¥2.32 ¥3.32 ¥4.31 50
PEG = 1.0 ¥2.32 ¥3.32 ¥4.31 46
EPV ¥3.84 ¥4.24 ¥4.59 59
Dividend Discount
Gordon GGM ¥2.66 ¥5.52 ¥8.76 70
DDM Multi-Stage ¥2.66 ¥4.28 ¥5.80 61
Multiples
P/E Multiple ¥8.83 ¥11.77 ¥14.72 63
P/S Multiple ¥7.15 ¥9.53 ¥11.91 58
P/B Multiple ¥7.15 ¥9.53 ¥11.91 55
EV/EBIT ¥6.14 ¥7.70 ¥9.26 53
EV/EBITDA ¥8.40 ¥10.72 ¥13.03 54
EV/Revenue ¥4.80 ¥6.23 ¥7.67 43
Asset-Based
NCAV (Graham) ¥2.88 ¥3.86 ¥5.76 50
Growth DCF
Growth DCF ¥3.74 ¥4.79 ¥6.29 80
Rev-Margin DCF ¥4.30 ¥6.12 ¥8.17 74
Economic Profit
Residual Income ¥5.04 ¥5.58 ¥8.00 76
ROIC Compounder ¥3.84 ¥4.24 ¥4.59 72
Growth Earnings
Growth-Adj P/E ¥7.15 ¥10.21 ¥13.28 68

Widest divergence: Growth Earnings (¥10.21) versus Earnings-Based (¥3.32). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 94.6B CNY
Revenue growth (YoY) -9.3%
Net margin 4.3%
Return on equity 9.9%
Free cash flow 1.4B CNY FY2025
P/E ratio 10.3 as of Jun 15, 2026
More key figures
Operating margin 3.3%
EPS (TTM) ¥0.5600
Dividend yield 5.2%
EPS growth (YoY) +6.7%
Net cash 1.7B CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 52

Profitability 42
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 93
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

Sinotrans Limited provides integrated logistics services primarily in the People's Republic of China. It operates through three segments: Agency and Related Business, Professional Logistics, and E-commerce.

Full company description

Sinotrans Limited provides integrated logistics services primarily in the People's Republic of China. It operates through three segments: Agency and Related Business, Professional Logistics, and E-commerce. The company offers sea freight, air freight, rail freight, shipping agency, terminals and containers, yards, feeder/barges, logistics information systems, and supply chain security. It also engages in the e-commerce business consisting of cross-border e-commerce logistics, logistics e-commerce platform, and logistics equipment sharing platform, as well as agency and related businesses that includes services, such as ocean freight, air freight, railway, and shipping agency; and depot station services. In addition, the company provides integrated logistics solutions, including contract, project, chemical, cold chain, and other logistics services. Further, it offers freight forwarding, logistics and storage, courier, transportation, lifting, container leasing, storage, storage yards, container loading and unloading stations, and terminal services, as well as tracking and monitoring services for logistics equipment. The company offers its services online. Sinotrans Limited was incorporated in 2002 and is based in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sinotrans Limited reported revenue of ¥96.8B in FY2025 versus ¥124B in FY2021, a compound −6.1%/yr. Reported net income was ¥4.0B in FY2025, compounding +2.0%/yr from FY2021.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
96.8B CNY
Latest YoY
−8.3%
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.
−4.0%
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.
+2.7%
Avg. growth/yr (24Y) 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.
+9.5%
Revenue −6.1%/yr
FY21 ¥124B
FY22 ¥109B
FY23 ¥102B
FY24 ¥106B
FY25 ¥96.8B
Net income +2.0%/yr
FY21 ¥3.7B
FY22 ¥4.1B
FY23 ¥4.2B
FY24 ¥3.9B
FY25 ¥4.0B
Character of growth · EPS growth decomposed (2013-2024) +8.2 % p.a.
Revenue per share +3.8 pp

of which total revenue +9.7 pp · buybacks/dilution −5.9 pp

EBIT margin +6.0 pp
Tax rate +1.2 pp
Residual (interest, one-offs) −2.7 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). "Sinotrans Limited Fair Value". https://www.fairvalue-calculator.com/stock/601598

Peer Group

Integrated Freight & Logistics · 218 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 57 · Above median
Fair Value upside +14% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 2% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 10.3× · Cheaper than median
P/B 1.12× · Cheaper than median
P/S (TTM) 0.49× · Pricier than median
P/FCF 4.8× · Pricier than median
EV/EBITDA 9.9× · 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 52 · sector 44
FUTURE 0 · sector 8
PAST 39 · sector 27
HEALTH 92 · sector 94
DIVIDEND 93 · sector 55

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $103.91 $103.34 -1%
FedEx Corporation FDX $326.77 $347.68 +6%
Deutsche Post AG DHL €55.32 €53.18 -4%
DSV A/S DSV kr 1,380 kr 712.57 -48%
J.B. Hunt Transport Services, Inc JBHT $275.96 $133.80 -52%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
ZTO Express (Cayman) Inc 2057 HK$185.20 HK$224.26 +21%
Hyundai Glovis Co 086280 199,700 KRW 468,982 KRW +135%
YTO Express Group 600233 ¥18.48 ¥26.51 +43%
JD Logistics, Inc 2618 HK$14.17 HK$21.45 +51%

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Frequently asked questions

Is Sinotrans Limited (601598) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥7.38 versus a price of ¥6.46, about +14% (undervalued).
What is the fair value of 601598?
Our model-based fair value for Sinotrans Limited is ¥7.38 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥6.46.
What is the quality score of 601598?
Sinotrans Limited has a Quality Score of 57/100. 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 Sinotrans Limited (601598)?
Sinotrans Limited reported trailing-twelve-month revenue of about 94.6B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 601598?
The net profit margin of Sinotrans Limited is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Sinotrans Limited pay a dividend?
Sinotrans Limited currently shows a dividend yield of about 5.23% relative to its recent price (as of Aug 13, 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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