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Beijing-Shanghai High Speed Railway Co Ltd (601816) Fair Value & Analysis

Industrials · CN · Market cap 235B CNY (≈ $35.1B) · ISIN CNE100003RV9

What is Beijing-Shanghai High Speed Railway Co Ltd really worth?

BS Beijing-Shanghai High Speed Railway Co Ltd 601816 · SHG
Price¥4.90
Fair Value¥5.65
Upside+15.3%
Quality74/100

A solid business, trading 13% below our fair value of ¥5.65.

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Strengths

Healthy Growth (revenue 5y +11.3 %/yr)
Highly profitable · 30.8% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 66/100

Risks

!Evidence only low, so the estimate is less certain
!Weak on future: 17 out of 100
!Weak on past: 23 out of 100

For context

·2.73% dividend yield
Evidence: Low Range ¥3.98 – ¥7.07

Fair value as of: Aug 22, 2026

From 26 valuation models · updated 14 days ago

Share price −3.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

¥6.37 ¥4.33 Fair Value ¥5.65 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ¥4.33 – ¥6.37 · fair‑value band ¥3.98 – ¥7.07 · the ¥4.90 price screens below the ¥5.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Beijing-Shanghai High Speed Railway Co Ltd (601816) currently trades at ¥4.90, while our model-based Fair Value estimate is ¥5.65, implying the stock looks roughly 13.3% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥6.38 per share, and 11 of the 26 models we run sit above the ¥4.90 price. Bear case: the Earnings-Based group reads lowest at ¥2.27, and 15 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Beijing-Shanghai High Speed Railway Co Ltd generated revenue of 43.4B CNY at a net margin of 30.8%. Revenue grew 3.3% year over year. It earns a return on equity of 5.8%. Net debt stands at 32.2B CNY. Fundamentals as of Aug 22, 2026

Our scenario range runs from ¥3.98 (bear case) to ¥7.07 (bull case); at ¥4.90, 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 17% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −47% fair-value upside, at 15%, 601816 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 ¥0.0924 per share, which is 1.6 % 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 ¥4.58 ¥8.17 ¥14.18 78
Growth DCF ¥4.65 ¥8.21 ¥14.28 76
Residual Income ¥3.45 ¥3.63 ¥3.83 76
All 26 models by family
DCF Models
FCF DCF best evidence ¥4.58 ¥8.17 ¥14.18 78
Owner Earnings ¥3.97 ¥7.14 ¥12.45 74
5Y Revenue Exit ¥1.77 ¥2.69 ¥3.81 72
5Y EBITDA Exit ¥4.05 ¥7.12 ¥10.77 74
5Y P/E Exit ¥3.63 ¥6.30 ¥9.17 70
10Y Revenue Exit ¥2.64 ¥3.77 ¥5.20 67
10Y EBITDA Exit ¥4.19 ¥6.97 ¥10.82 67
10Y P/E Exit ¥3.91 ¥6.38 ¥9.53 63
Earnings-Based
Graham-Dodd ¥1.83 ¥6.69 ¥9.02 64
Lynch FV ¥1.59 ¥2.27 ¥2.96 61
PEG = 1.0 ¥1.59 ¥2.27 ¥2.96 57
EPV ¥2.34 ¥2.87 ¥3.34 74
Dividend Discount
Gordon GGM ¥1.82 ¥3.98 ¥6.69 65
DDM Multi-Stage ¥1.82 ¥3.26 ¥4.14 66
Multiples
P/E Multiple ¥4.24 ¥5.65 ¥7.07 63
P/S Multiple ¥1.32 ¥1.76 ¥2.20 58
P/B Multiple ¥3.43 ¥4.58 ¥5.72 55
EV/EBIT ¥4.32 ¥5.98 ¥7.64 66
EV/EBITDA ¥4.28 ¥5.92 ¥7.57 67
EV/Revenue ¥0.4500 ¥0.9300 ¥1.40 51
Asset-Based
NCAV (Graham) ¥2.12 ¥2.84 ¥4.23 54
Growth DCF
Growth DCF ¥4.65 ¥8.21 ¥14.28 76
Rev-Margin DCF ¥1.77 ¥2.75 ¥3.96 72
Economic Profit
Residual Income ¥3.45 ¥3.63 ¥3.83 76
ROIC Compounder ¥2.34 ¥2.87 ¥3.34 72
Growth Earnings
Growth-Adj P/E ¥3.00 ¥4.28 ¥5.57 67

Widest divergence: DCF Models (¥6.38) versus Earnings-Based (¥2.27). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 18.1
P/S ratio 5.55 P/E × margin
EPS (TTM) ¥0.2700 price ÷ EPS = P/E 18.1
Dividend yield 2.7% payout 49.6%
Net margin 30.6% FY2025
Return on equity 5.8% TTM
More key figures
Profitability
Return on assets (EBIT) 3.9% avg 5y
Operating margin 43.4% TTM
Growth
Revenue (TTM) 43.4B CNY TTM
Revenue growth (YoY) +3.3% 3y avg +30.6%
EPS growth (YoY) +6.3%
Balance sheet & cash flow
Free cash flow 20.4B CNY FY2025
Net debt 32.2B CNY FY2025 · ≈ 1.6 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 70 · Market factors (momentum, volatility) 54

Profitability 37
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 85
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

Beijing-Shanghai High-Speed Railway Co., Ltd. engages in the construction and operation of high-speed trains for passengers. The company provides high-speed rail transportation services to passengers on the operated trains and collecting ticket prices, as well as overhead line use and other services to passengers.

Full company description

Beijing-Shanghai High-Speed Railway Co., Ltd. engages in the construction and operation of high-speed trains for passengers. The company provides high-speed rail transportation services to passengers on the operated trains and collecting ticket prices, as well as overhead line use and other services to passengers. It also offers passenger transportation, consulting, property management, logistics, warehousing, and parking services. The company was founded in 2008 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing-Shanghai High Speed Railway Co Ltd reported revenue of 43.1B CNY in FY2025 versus 29.3B CNY in FY2021, a compound +10.1%/yr. Reported net income was 13.2B CNY in FY2025, compounding +28.6%/yr from FY2021.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
43.1B CNY
Latest YoY
+2.1%
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.
+30.6%
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.
+11.3%
Avg. revenue growth/yr (9Y) 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.
+5.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+25.1% (22.4 + 2.7)
Revenue +10.1%/yr
FY21 29.3B CNY
FY22 19.3B CNY
FY23 40.7B CNY
FY24 42.2B CNY
FY25 43.1B CNY
Net income +28.6%/yr
FY21 4.8B CNY
FY22 −576M CNY
FY23 11.5B CNY
FY24 12.8B CNY
FY25 13.2B CNY

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Cite: Fair Value Calculator (2026). "Beijing-Shanghai High Speed Railway Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601816

Peer Group

Railroads · 111 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 74 · Top 25%
Fair Value upside +15% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 4% · Above median
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 43% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 18.1× · Cheaper than median
P/B 1.14× · Cheaper than median
P/S (TTM) 5.42× · Pricier than 75% of peers
P/FCF 1.7× · Cheaper than median
EV/EBITDA 10.7× · 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
VALUE54 · sector 20
FUTURE17 · sector 20
PAST23 · sector 29
HEALTH88 · sector 91
DIVIDEND55 · 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

Similar stocks

10 more Railroads stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $307.41 $141.29 −54%
CSX Corporation CSX $48.99 $12.62 −74%
Canadian Pacific Kansas City Limited CP $94.12 $34.33 −64%
Canadian National Railway Company CNR C$175.06 C$92.68 −47%
Norfolk Southern Corporation NSC $332.96 $114.36 −66%
Westinghouse Air Brake Technologies Corporation WAB $297.57 $144.80 −51%
MTR Corporation 0066 HK$32.04 HK$17.85 −44%
CRRC Corporation 601766 ¥5.98 ¥9.53 +59%
Daqin Railway Co 601006 ¥4.72 ¥6.22 +32%
Hyundai Rotem Company 064350 146,900 KRW 125,182 KRW −15%

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Frequently asked questions

Is Beijing-Shanghai High Speed Railway Co Ltd (601816) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ¥5.65 versus a price of ¥4.90, about +15% upside (undervalued).
What is the fair value of 601816?
Our model-based fair value for Beijing-Shanghai High Speed Railway Co Ltd is ¥5.65 (as of Aug 22, 2026), built from audited fundamentals. The current price: ¥4.90.
What is the quality score of 601816?
Beijing-Shanghai High Speed Railway Co Ltd has a Quality Score of 74/100. 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 Beijing-Shanghai High Speed Railway Co Ltd (601816)?
Beijing-Shanghai High Speed Railway Co Ltd reported trailing-twelve-month revenue of about 43.4B CNY (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 601816?
The net profit margin of Beijing-Shanghai High Speed Railway Co Ltd is about 30.8%, meaning it keeps roughly 30.8% of revenue as net income. Based on the latest reported figures.
Does Beijing-Shanghai High Speed Railway Co Ltd pay a dividend?
Beijing-Shanghai High Speed Railway Co Ltd currently shows a dividend yield of about 2.73% relative to its recent price (as of Aug 22, 2026).
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