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← CockpitCompetitor Analysis › 600787.SS CMST Development Co., Ltd. Class AOpen in the cockpit ↗

CMST Development Co., Ltd. Class A600787.SSCompetitor analysis, valuation and peers

China · CNY·Industrials›Air Freight/Couriers

Chinese logistics/development company; specific current business not confidently known.

Momentum strong 73
Mkt cap
$1.49B
US dollars, full cap
Free float
44%
of shares outstanding
$/day
$12.7M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-2.5 pp
WACC 5.5%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥4.65
1D-0.2%
1W+3.1%
1M+0.7%
3M-3.1%
6M-11.8%
YTD-17.3%
1Y-23.0%
ATR %2.0%
52w lowhigh24.4% off high

What CMST Development does

Chinese logistics/development company; specific current business not confidently known.

Where it sits in the supply chain

  • Logistics

Moat: none

Headquarters: China · Employees: 5,141

CMST Development at a glance

Size CMST Development (600787.SS) is a China Industrials company (Air Freight/Couriers) with a market value of $1.49B, the 1641st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.65 on 6 Nov 2026.

Performance Over six months the shares fell 11.8%, against -8.8% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 22.7% over the last twelve months (peer median +1.5%); the operating margin is 0.4% (peer median 4.8%).

Valuation It trades at 0.1× enterprise value to sales against a peer median of 1.2× (cheapest of 20).

Capital Return on invested capital runs 2.5 points below its cost of capital (5.5% WACC).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 90600787.SS 88
Six months, rebased to 100: CMST Development against the median of its 20 peers (local-currency closes).

CMST Development financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥78.1BCN¥67.3BCN¥63.6BCN¥67.0BCN¥76.5B
Revenue growth—+6%-5%-12%—
Gross profitCN¥2.58BCN¥1.61BCN¥1.67BCN¥1.71BCN¥1.45B
EBITDAn/aCN¥589MCN¥710MCN¥925MCN¥713M
Net incomeCN¥338MCN¥546MCN¥466MCN¥787MCN¥640M
Free cash flow-CN¥274MCN¥1.04BCN¥670MCN¥732MCN¥1.21B
Capital expenditureCN¥300MCN¥181MCN¥215MCN¥449MCN¥507M
Total debtCN¥2.46BCN¥2.46BCN¥2.89BCN¥4.05BCN¥5.50B

Quarterly statements and history in the cockpit →

CMST Development competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%HUBG002183907505170636SCI600755BONHRBLUEDARTCJT902500121396996038716002789069SLP-B603223002889600787.SS6-month return →1-month return →
Up and to the right = strong over both horizons. CMST Development is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×5×10×15×002183907505170636SCI600755BLUEDARTCJT6007390012139699603871600278SLP-B603223002889600787.SSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. CMST Development is the large dot.

CMST Development competitors and peer comparison

How CMST Development compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

CMST Development against its 20 peers (data as of 6 Nov 2026)
Measure600787.SSPeer medianRank in peer set
1-month return+0.7%-1.0%7th highest of 21
6-month return-11.8%-8.8%8th lowest of 21
Distance from 52-week high-24.4%-23.1%10th lowest of 21
Revenue growth (TTM)+22.7%+1.5%4th highest of 20
Operating margin0.4%4.8%3rd lowest of 20
EV / Sales0.1×1.2×cheapest of 20
ROIC minus cost of capital-2.5 pp-1.1 pp7th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
CMST Development 600787.SSChina$1.49B-12%+23%0%0.1×n/an/a
Hub HUBGUnited States$1.48B-44%n/an/an/an/an/a
Eternal Asia Supply Chain Management 002183.SZChina$1.48B-32%-25%0%0.6×29.9%0.0%
Fukuyama Transporting 9075.TJapan$1.51B+18%+6%4%1.0×12.0%+2.2%
COSCO SHIPPING International (Hong Kong) 0517.HKHong Kong$1.32B+8%+1%5%1.2×2.3%+1.5%
KLN Logistics 0636.HKHong Kong$1.30B-15%-2%4%0.3×-10.4%+2.6%
Shipping Corporation of India SCI.NSIndia$1.29B-18%+17%24%1.9×n/an/a
Xiamen International Trade 600755.SSChina$1.77B-10%+28%0%0.2×n/an/a
Bonheur BONHR.OLNorway$1.20B+1%+4%7%1.4×3.1%+20.6%
Blue Dart Express BLUEDART.NSIndia$1.14B-20%+9%7%1.7×22.4%+13.3%
Cargojet CJT.TOCanada$1.00B+15%+1%10%2.2×12.4%+8.2%
Liaoning Cheng Da 600739.SSChina$2.29B-16%-27%-17%3.1×4.4%-10.1%
Konoike Transport 9025.TJapan$973M+2%+1%6%0.4×-12.5%+4.0%
China Railway Special Cargo Logistics 001213.SZChina$2.35B-11%-3%3%1.2×2.1%+7.2%
Hangzhou SF Intra-city Industrial 9699.HKHong Kong$941M-24%+32%1%0.2×5.9%+35.5%
Jiayou International Logistics 603871.SSChina$2.41B-8%-10%19%1.8×-7.9%+20.7%
Orient International Enterprise 600278.SSChina$919M+1%-12%1%0.1×n/an/a
SENKO 9069.TJapan$2.45B+23%+7%4%0.8×4.4%+9.5%
Swedish Logistic Property SLP-B.STSweden$876M-9%+27%86%15.9×11.6%+60.3%
Hengtong Logistic 603223.SSChina$870M-9%+2%30%3.9×-9.5%-24.6%
Shenzhen Easttop Supply Chain Management 002889.SZChina$845M+14%-35%6%2.4×12.0%+6.7%

Questions

Which companies are CMST Development's closest peers?
The cockpit's peer set: Hub (HUBG), Eternal Asia Supply Chain Management (002183.SZ), Fukuyama Transporting (9075.T), COSCO SHIPPING International (Hong Kong) (0517.HK), KLN Logistics (0636.HK), Shipping Corporation of India (SCI.NS), Xiamen International Trade (600755.SS), Bonheur (BONHR.OL).
Is CMST Development expensive compared with its peers?
On ev / sales it trades at 0.1× against a peer median of 1.2×, cheapest of 20 in its peer set.
How has CMST Development stock performed?
Over six months to 6 Nov 2026 the shares returned -11.8% against -8.8% for the median peer; over one year -23.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.