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COSCO SHIPPING Holdings Co Ltd (601919) Fair Value & Analysis

Industrials · CN · Market cap 213B CNY (≈ $31.9B) · ISIN CNE100000601

What is COSCO SHIPPING Holdings Co Ltd really worth?

CS COSCO SHIPPING Holdings Co Ltd 601919 · SHG
Price¥16.06
Fair Value¥49.90
Upside+210.7%
Quality58/100

A solid business, trading 68% below our fair value of ¥49.90.

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Strengths

Solidly profitable · 11.7% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)

Risks

!Weak Growth (revenue 5y +5.0 %/yr)
!Moderate moat 47/100

For context

·6.23% dividend yield
Evidence: High Range ¥38.74 – ¥60.92

Fair value as of: Sep 5, 2026

From 26 valuation models · updated today

Share price +4.3% 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 (¥38.74). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

¥17.42 ¥5.85 Fair Value ¥49.90 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range ¥5.85 – ¥17.42 · fair‑value band ¥38.74 – ¥60.92 · the ¥16.06 price screens below the ¥49.90 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 Sep 5, 2026.

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Analysis

COSCO SHIPPING Holdings Co Ltd (601919) currently trades at ¥16.06, while our model-based Fair Value estimate is ¥49.90, implying the stock looks roughly 67.8% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥64.47 per share, and 25 of the 26 models we run sit above the ¥16.06 price. Bear case: the Asset-Based group reads lowest at ¥12.40, and 1 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, COSCO SHIPPING Holdings Co Ltd generated revenue of 213B CNY at a net margin of 11.7%. Revenue declined 10.6% year over year. It earns a return on equity of 9.9%. The balance sheet holds a net cash position of 73.2B CNY. Fundamentals as of Sep 5, 2026

Our scenario range runs from ¥38.74 (bear case) to ¥60.92 (bull case); at ¥16.06, 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 5% below its 52-week high and 15% 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 211%, 601919 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 ¥0.6659 per share, which is 1.4 % 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 ¥35.83 ¥58.16 ¥98.94 76
EPV ¥30.55 ¥34.17 ¥37.39 74
Growth DCF ¥35.71 ¥56.53 ¥94.17 74
All 26 models by family
DCF Models
FCF DCF best evidence ¥35.83 ¥58.16 ¥98.94 76
Owner Earnings ¥39.22 ¥64.47 ¥110.60 72
5Y Revenue Exit ¥33.03 ¥50.62 ¥74.55 70
5Y EBITDA Exit ¥44.63 ¥74.58 ¥112.51 72
5Y P/E Exit ¥42.82 ¥70.84 ¥103.12 68
10Y Revenue Exit ¥32.98 ¥50.30 ¥76.94 64
10Y EBITDA Exit ¥41.64 ¥68.28 ¥109.52 65
10Y P/E Exit ¥40.41 ¥65.47 ¥101.46 61
Earnings-Based
Graham-Dodd ¥16.73 ¥78.12 ¥107.35 62
Lynch FV ¥20.65 ¥29.49 ¥38.34 59
PEG = 1.0 ¥20.65 ¥29.49 ¥38.34 55
EPV ¥30.55 ¥34.17 ¥37.39 74
Dividend Discount
Gordon GGM ¥18.88 ¥41.22 ¥69.35 63
DDM Multi-Stage ¥18.88 ¥33.76 ¥42.95 64
Multiples
P/E Multiple ¥38.74 ¥51.66 ¥64.57 63
P/S Multiple ¥26.12 ¥34.82 ¥43.53 58
P/B Multiple ¥31.36 ¥41.82 ¥52.27 55
EV/EBIT ¥43.08 ¥54.10 ¥65.11 66
EV/EBITDA ¥51.58 ¥65.44 ¥79.29 67
EV/Revenue ¥31.96 ¥41.36 ¥50.76 54
Asset-Based
NCAV (Graham) ¥9.25 ¥12.40 ¥18.51 54
Growth DCF
Growth DCF ¥35.71 ¥56.53 ¥94.17 74
Rev-Margin DCF ¥33.03 ¥50.17 ¥72.36 70
Economic Profit
Residual Income ¥18.04 ¥21.75 ¥40.29 70
ROIC Compounder ¥33.54 ¥41.97 ¥52.99 70
Growth Earnings
Growth-Adj P/E ¥32.80 ¥46.85 ¥60.91 65

Widest divergence: DCF Models (¥64.47) versus Asset-Based (¥12.40). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 7.1 as of Jul 12, 2026
P/S ratio 1.00 P/E × margin
EPS (TTM) ¥1.98 price ÷ EPS = P/E 7.1
Dividend yield 6.2% payout 50.5%
Net margin 14.1% FY2025
Return on equity 9.9% TTM
More key figures
Profitability
Return on assets (EBIT) 18.2% avg 5y
Operating margin 12.9% TTM
Growth
Revenue (TTM) 213B CNY TTM
Revenue growth (YoY) −10.6% 3y avg −17.6%
EPS growth (YoY) −48.6%
Balance sheet & cash flow
Free cash flow 23.7B CNY FY2025
Net cash 73.2B CNY FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 59 · Market factors (momentum, volatility) 60

Profitability 41
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 98
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

COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping business in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business, Terminal Business, and Other Businesses segments.

Full company description

COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping business in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business, Terminal Business, and Other Businesses segments. The company offers routes and maritime container transportation services, logistics and port service, and digital supply chain service for enterprises in cross-border e-commerce, home appliances, photovoltaic, automobile, and other industries. It also provides management and financing services; freight forwarding and transportation; property lease; shipping agency; vessel chartering; marine; document services; vessel management and manning; cargo and liner agency; asset management; technical services, container maintenance, container yard warehousing services; multimodal transport; terminal operations; and supply chain management services. In addition, the company engages in the operation of rail terminals. As of December 31, 2025, it operated container fleet of 590 ships with a total capacity of approximately 3.60 million TEUs. The company was formerly known as China COSCO Holdings Company Limited and changed its name to COSCO SHIPPING Holdings Co., Ltd. in November 2016. COSCO SHIPPING Holdings Co., Ltd. was incorporated in 2005 and is based in Tianjin, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

COSCO SHIPPING Holdings Co Ltd reported revenue of 218B CNY in FY2025 versus 334B CNY in FY2021, a compound −10.0%/yr. Reported net income was 30.9B CNY in FY2025, compounding −23.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
218B CNY
Latest YoY
−6.6%
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.
−17.6%
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.
+5.0%
Avg. revenue growth/yr (23Y) 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.
+11.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+32.4% (26.2 + 6.2)
Revenue −10.0%/yr
FY21 334B CNY
FY22 391B CNY
FY23 175B CNY
FY24 234B CNY
FY25 218B CNY
Net income −23.3%/yr
FY21 89.3B CNY
FY22 110B CNY
FY23 23.9B CNY
FY24 49.1B CNY
FY25 30.9B CNY

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Cite: Fair Value Calculator (2026). "COSCO SHIPPING Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601919

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 58 · Above median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 13% · Below median
Revenue growth −11% · Bottom 25%
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 0.92× · Cheaper than median
P/S (TTM) 1.00× · Cheaper than median
P/FCF 1.3× · Cheaper than median
EV/EBITDA 2.4× · Cheaper than 75% of peers
PEG 0.26× · Cheaper than 75% of peers

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
VALUE0 · sector 29
FUTURE0 · sector 24
PAST40 · sector 27
HEALTH94 · sector 89
DIVIDEND100 · sector 53

Insider activity: 35/100

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 Sep 5, 2026).

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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%
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%
Qingdao Port International Co 601298 ¥8.69 ¥15.97 +84%
JSW Infrastructure Limited JSWINFRA ₹329.85 ₹122.71 −63%

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Frequently asked questions

Is COSCO SHIPPING Holdings Co Ltd (601919) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of ¥49.90 versus a price of ¥16.06, about +211% upside (undervalued).
What is the fair value of 601919?
Our model-based fair value for COSCO SHIPPING Holdings Co Ltd is ¥49.90 (as of Sep 5, 2026), built from audited fundamentals. The current price: ¥16.06.
What is the quality score of 601919?
COSCO SHIPPING Holdings Co Ltd has a Quality Score of 58/100. 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 COSCO SHIPPING Holdings Co Ltd (601919)?
COSCO SHIPPING Holdings Co Ltd reported trailing-twelve-month revenue of about 213B CNY (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 601919?
The net profit margin of COSCO SHIPPING Holdings Co Ltd is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.
Does COSCO SHIPPING Holdings Co Ltd pay a dividend?
COSCO SHIPPING Holdings Co Ltd currently shows a dividend yield of about 6.23% relative to its recent price (as of Sep 5, 2026).
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