EN DE

Shanghai Rural Commercial Bank Co Ltd (601825) Fair Value & Analysis

Financial Services · CN · Market cap 77.6B CNY (≈ $11.6B) · ISIN CNE100004QD7

What is Shanghai Rural Commercial Bank Co Ltd really worth?

SR Shanghai Rural Commercial Bank Co Ltd 601825 · SHG
Price¥9.01
Fair Value¥17.47
Upside+93.9%
Quality47/100

Below-average quality, trading 48% below our fair value of ¥17.47.

Watch Shanghai Rural Commercial Bank Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Highly profitable · 52.0% net margin

Risks

!Weak Growth (revenue 5y −9.3 %/yr)
!negative free cash flow
!Mixed vs. peers (6/11)
!Moderate moat 63/100
!Evidence only medium, so the estimate is less certain

For context

·4.83% dividend yield
Evidence: Medium Range ¥13.11 – ¥21.84

Fair value as of: Aug 26, 2026

From 6 valuation models · updated 10 days ago

Share price +7.6% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (¥13.11). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

¥9.65 ¥4.20 Fair Value ¥17.47 Aug 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range ¥4.20 – ¥9.65 · fair‑value band ¥13.11 – ¥21.84 · the ¥9.01 price screens below the ¥17.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shanghai Rural Commercial Bank Co Ltd (601825) currently trades at ¥9.01, while our model-based Fair Value estimate is ¥17.47, implying the stock looks roughly 48.4% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of ¥16.60 per share, and 4 of the 6 models we run sit above the ¥9.01 price. Bear case: the Dividend Discount group reads lowest at ¥8.67, and 2 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Shanghai Rural Commercial Bank Co Ltd generated revenue of 23.7B CNY at a net margin of 52.0%. Revenue declined 1.3% year over year. It earns a return on equity of 9.6%. Net debt stands at 21.0B CNY. Fundamentals as of Aug 26, 2026

Our scenario range runs from ¥13.11 (bear case) to ¥21.84 (bull case); at ¥9.01, the current price sits below 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 9% below its 52-week high and 12% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at 94%, 601825 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 ¥0.5741 per share, which is 3.3 % 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.

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
Residual Income best evidence ¥11.58 ¥12.78 ¥18.18 76
Gordon GGM ¥5.78 ¥10.48 ¥16.64 66
DDM Multi-Stage ¥5.78 ¥8.67 ¥11.83 66
All 6 models by family
Dividend Discount
Gordon GGM ¥5.78 ¥10.48 ¥16.64 66
DDM Multi-Stage ¥5.78 ¥8.67 ¥11.83 66
Multiples
P/E Multiple ¥12.45 ¥16.60 ¥20.75 63
P/B Multiple ¥13.93 ¥18.57 ¥23.21 55
Asset-Based
NCAV (Graham) ¥6.63 ¥8.89 ¥13.26 51
Economic Profit
Residual Income best evidence ¥11.58 ¥12.78 ¥18.18 76

Widest divergence: Multiples (¥16.60) versus Dividend Discount (¥8.67). Highest evidence: Residual Income (76).

Notify me when 601825 reaches fair value

Put 601825 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 7.0
P/S ratio 3.40 P/E × margin
EPS (TTM) ¥1.29 price ÷ EPS = P/E 7.0
Dividend yield 4.8% payout 33.7%
Net margin 48.7% FY2025
Return on equity 9.6% TTM
More key figures
Profitability
Return on assets (EBIT) 1.0% avg 5y
Operating margin 73.3% TTM
Growth
Revenue (TTM) 23.7B CNY TTM
Revenue growth (YoY) −1.3% 3y avg −19.4%
Balance sheet & cash flow
Free cash flow −12.5B CNY FY2025
Net debt 21.0B CNY FY2025

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 42 · Market factors (momentum, volatility) 65

Profitability 34
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 83
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

Shanghai Rural Commercial Bank Co., Ltd. engages in commercial banking business in China. The company accepts public deposits; acts as agent for the issuance, redemption, and underwriting of government bonds; buying and selling government bonds and financial bonds.

Full company description

Shanghai Rural Commercial Bank Co., Ltd. engages in commercial banking business in China. The company accepts public deposits; acts as agent for the issuance, redemption, and underwriting of government bonds; buying and selling government bonds and financial bonds. It also provides short-term, medium-term, and long-term loans; handling domestic and foreign settlements; handling bill acceptance and discounting; interbank lending; bank card services; and foreign exchange deposits, foreign exchange loans, foreign exchange remittances, international settlements, interbank foreign exchange lending, credit investigation, consulting, and witnessing services. In addition, the company acts as agent for receiving and paying funds and insurance business; provides safe deposit box and financial leasing services; and engages in foreign exchange settlement and sales business, other businesses. The company was formerly known as Shanghai Rural Credit Co-operatives Union and changed its name to Shanghai Rural Commercial Bank Co., Ltd. in August 2005. Shanghai Rural Commercial Bank Co., Ltd. was incorporated in 2005 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Rural Commercial Bank Co Ltd reported revenue of 25.3B CNY in FY2025 versus 45.7B CNY in FY2021, a compound −13.7%/yr. Reported net income was 12.3B CNY in FY2025, compounding +6.2%/yr from FY2021.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
25.3B CNY
Latest YoY
−50.1%
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.
−19.4%
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.
−9.3%
Avg. revenue growth/yr (19Y) 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.
+9.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+11.6% (6.8 + 4.8)
Revenue −13.7%/yr
FY21 45.7B CNY
FY22 48.3B CNY
FY23 51.0B CNY
FY24 50.7B CNY
FY25 25.3B CNY
Net income +6.2%/yr
FY21 9.7B CNY
FY22 11.0B CNY
FY23 12.1B CNY
FY24 12.3B CNY
FY25 12.3B CNY
Character of growth · EPS growth decomposed (2013-2024) +8.0 % p.a.
Revenue per share +6.2 %

of which total revenue +8.4 % · buybacks/dilution −2.1 %

EBIT margin +1.3 %
Tax rate +0.4 %
Residual (interest, one-offs) +0.0 %

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).

Watch 601825: get an alert when its fair value changes →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Shanghai Rural Commercial Bank Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601825

Peer Group

Banks - Regional · 1071 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 49 · Below median
Fair Value upside +94% · Top 25%
Return on equity (TTM) 10% · Below median
Return on assets 1% · Below median
Net margin (TTM) 52% · Top 25%
Operating margin (TTM) 73% · Top 25%
Revenue growth −1% · Bottom 25%
Dividend yield (TTM) 4.8% · Top 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 7.0× · Cheaper than 75% of peers
P/B 0.61× · Cheaper than 75% of peers
P/S (TTM) 3.27× · 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
VALUE100 · sector 33
FUTURE0 · sector 45
PAST38 · sector 41
HEALTH0 · sector 85
DIVIDEND97 · sector 51

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD −46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
Intesa Sanpaolo S.p.A ISP €6.78 €5.66 −17%
HDFC Bank Limited HDB $23.17 $24.12 +4%
BNP Paribas SA BNP €102.56 €144.64 +41%
UniCredit S.p.A UCG €84.71 €77.62 −8%
Mizuho Financial Group MFG $10.74 $9.69 −10%
ICICI Bank Limited ICICIBANK ₹1,443 ₹835.21 −42%
Oversea-Chinese Banking Corporation O39 31.07 SGD 19.80 SGD −36%
CaixaBank, S.A CABK €13.52 €8.85 −35%

Compare Shanghai Rural Commercial Bank Co Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Shanghai Rural Commercial Bank Co Ltd (601825) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of ¥17.47 versus a price of ¥9.01, about +94% upside (undervalued).
What is the fair value of 601825?
Our model-based fair value for Shanghai Rural Commercial Bank Co Ltd is ¥17.47 (as of Aug 26, 2026), built from audited fundamentals. The current price: ¥9.01.
What is the quality score of 601825?
Shanghai Rural Commercial Bank Co Ltd has a Quality Score of 47/100. 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 Shanghai Rural Commercial Bank Co Ltd (601825)?
Shanghai Rural Commercial Bank Co Ltd reported trailing-twelve-month revenue of about 23.7B CNY (latest available figure, as of Aug 26, 2026).
What is the net profit margin of 601825?
The net profit margin of Shanghai Rural Commercial Bank Co Ltd is about 52.0%, meaning it keeps roughly 52.0% of revenue as net income. Based on the latest reported figures.
Does Shanghai Rural Commercial Bank Co Ltd pay a dividend?
Shanghai Rural Commercial Bank Co Ltd currently shows a dividend yield of about 4.83% relative to its recent price (as of Aug 26, 2026).
Free · no account needed

Watch Shanghai Rural Commercial Bank Co Ltd in the live analysis

One click puts Shanghai Rural Commercial Bank Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.