Chinese logistics/development company; specific current business not confidently known.
Chinese logistics/development company; specific current business not confidently known.
Moat: none
Headquarters: China · Employees: 5,141
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥78.1B | CN¥67.3B | CN¥63.6B | CN¥67.0B | CN¥76.5B |
| Revenue growth | — | +6% | -5% | -12% | — |
| Gross profit | CN¥2.58B | CN¥1.61B | CN¥1.67B | CN¥1.71B | CN¥1.45B |
| EBITDA | n/a | CN¥589M | CN¥710M | CN¥925M | CN¥713M |
| Net income | CN¥338M | CN¥546M | CN¥466M | CN¥787M | CN¥640M |
| Free cash flow | -CN¥274M | CN¥1.04B | CN¥670M | CN¥732M | CN¥1.21B |
| Capital expenditure | CN¥300M | CN¥181M | CN¥215M | CN¥449M | CN¥507M |
| Total debt | CN¥2.46B | CN¥2.46B | CN¥2.89B | CN¥4.05B | CN¥5.50B |
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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.
| Measure | 600787.SS | Peer median | Rank 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 margin | 0.4% | 4.8% | 3rd lowest of 20 |
| EV / Sales | 0.1× | 1.2× | cheapest of 20 |
| ROIC minus cost of capital | -2.5 pp | -1.1 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CMST Development 600787.SS | China | $1.49B | -12% | +23% | 0% | 0.1× | n/a | n/a |
| Hub HUBG | United States | $1.48B | -44% | n/a | n/a | n/a | n/a | n/a |
| Eternal Asia Supply Chain Management 002183.SZ | China | $1.48B | -32% | -25% | 0% | 0.6× | 29.9% | 0.0% |
| Fukuyama Transporting 9075.T | Japan | $1.51B | +18% | +6% | 4% | 1.0× | 12.0% | +2.2% |
| COSCO SHIPPING International (Hong Kong) 0517.HK | Hong Kong | $1.32B | +8% | +1% | 5% | 1.2× | 2.3% | +1.5% |
| KLN Logistics 0636.HK | Hong Kong | $1.30B | -15% | -2% | 4% | 0.3× | -10.4% | +2.6% |
| Shipping Corporation of India SCI.NS | India | $1.29B | -18% | +17% | 24% | 1.9× | n/a | n/a |
| Xiamen International Trade 600755.SS | China | $1.77B | -10% | +28% | 0% | 0.2× | n/a | n/a |
| Bonheur BONHR.OL | Norway | $1.20B | +1% | +4% | 7% | 1.4× | 3.1% | +20.6% |
| Blue Dart Express BLUEDART.NS | India | $1.14B | -20% | +9% | 7% | 1.7× | 22.4% | +13.3% |
| Cargojet CJT.TO | Canada | $1.00B | +15% | +1% | 10% | 2.2× | 12.4% | +8.2% |
| Liaoning Cheng Da 600739.SS | China | $2.29B | -16% | -27% | -17% | 3.1× | 4.4% | -10.1% |
| Konoike Transport 9025.T | Japan | $973M | +2% | +1% | 6% | 0.4× | -12.5% | +4.0% |
| China Railway Special Cargo Logistics 001213.SZ | China | $2.35B | -11% | -3% | 3% | 1.2× | 2.1% | +7.2% |
| Hangzhou SF Intra-city Industrial 9699.HK | Hong Kong | $941M | -24% | +32% | 1% | 0.2× | 5.9% | +35.5% |
| Jiayou International Logistics 603871.SS | China | $2.41B | -8% | -10% | 19% | 1.8× | -7.9% | +20.7% |
| Orient International Enterprise 600278.SS | China | $919M | +1% | -12% | 1% | 0.1× | n/a | n/a |
| SENKO 9069.T | Japan | $2.45B | +23% | +7% | 4% | 0.8× | 4.4% | +9.5% |
| Swedish Logistic Property SLP-B.ST | Sweden | $876M | -9% | +27% | 86% | 15.9× | 11.6% | +60.3% |
| Hengtong Logistic 603223.SS | China | $870M | -9% | +2% | 30% | 3.9× | -9.5% | -24.6% |
| Shenzhen Easttop Supply Chain Management 002889.SZ | China | $845M | +14% | -35% | 6% | 2.4× | 12.0% | +6.7% |