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Employees: 1,423
Size China Master Logistics (603967.SS) is a China Industrials company (Air Freight/Couriers) with a market value of $644M, the 3254th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.39 on 6 Nov 2026.
Performance Over six months the shares fell 11.1%, against -8.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +9.6%); the operating margin is 4.3% (peer median 6.8%).
Valuation It trades at 13.9× forward earnings against a peer median of 14.9× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.4 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.3B | CN¥8.85B | CN¥11.8B | CN¥7.40B | CN¥11.9B |
| Revenue growth | — | -25% | +60% | -38% | — |
| Gross profit | CN¥783M | CN¥618M | CN¥593M | CN¥536M | CN¥503M |
| EBITDA | n/a | CN¥572M | CN¥556M | CN¥484M | CN¥463M |
| Net income | CN¥315M | CN¥261M | CN¥253M | CN¥240M | CN¥244M |
| Free cash flow | CN¥311M | CN¥610M | CN¥310M | CN¥15.4M | CN¥225M |
| Capital expenditure | CN¥89.2M | CN¥75.2M | CN¥183M | CN¥118M | CN¥179M |
| Total debt | CN¥114M | CN¥319M | CN¥555M | CN¥437M | CN¥495M |
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.
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 | 603967.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | -4.5% | 8th highest of 21 |
| 6-month return | -11.1% | -8.7% | 9th lowest of 20 |
| Distance from 52-week high | -16.3% | -28.1% | 5th highest of 21 |
| Revenue growth (TTM) | +11.2% | +9.6% | 10th highest of 21 |
| Operating margin | 4.3% | 6.8% | 9th lowest of 20 |
| Forward P/E | 13.9× | 14.9× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -12.1% | 3.2% | least demanding of 14 |
| Growth delivered (Del g) | +11.4% | +6.7% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -23.5 pp | -3.1 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | +13.4 pp | -0.8 pp | 2nd highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Master Logistics 603967.SS | China | $644M | -11% | +11% | 4% | 13.9× | -12.1% | +11.4% |
| Friend 605050.SS | China | $709M | -24% | +4% | 4% | 10.1× | n/a | n/a |
| LEAP India LEAPIND.NS | India | $569M | n/a | +56% | 27% | n/a | n/a | n/a |
| Xiamen Xinde 000701.SZ | China | $568M | -3% | -22% | n/a | n/a | n/a | n/a |
| Hichain Logistics 300873.SZ | China | $560M | -22% | +15% | 14% | 20.8× | 3.2% | +12.1% |
| TVS Supply Chain Solutions TVSSCS.NS | India | $547M | -4% | +17% | 2% | 31.6× | 14.4% | +9.7% |
| Singapore Post S08.SI | Singapore | $546M | -17% | -73% | 3% | 77.5× | n/a | n/a |
| Shenzhen Feima International Supply Chain 002210.SZ | China | $768M | -36% | +116% | 11% | n/a | 34.5% | +1.5% |
| Japan Transcity 9310.T | Japan | $538M | +15% | +1% | 7% | n/a | 1.3% | +4.4% |
| Farglory Free Trade Zone Investment 5607.TW | Taiwan | $534M | 0% | +30% | 42% | 8.3× | -2.7% | +16.8% |
| Ferrari FERGR.AS | Netherlands | $780M | -4% | +3% | 17% | 12.8× | -2.7% | +5.0% |
| Hamakyorex 9037.T | Japan | $808M | -2% | +9% | 10% | 11.4× | -9.0% | +5.5% |
| Shenzhen Easttop Supply Chain Management 002889.SZ | China | $845M | +14% | -35% | 6% | n/a | 12.0% | +6.7% |
| Hengtong Logistic 603223.SS | China | $870M | -9% | +2% | 30% | 15.5× | -9.5% | -24.6% |
| Swedish Logistic Property SLP-B.ST | Sweden | $876M | -9% | +27% | 86% | 14.2× | 11.6% | +60.3% |
| PostNL PNL.AS | Netherlands | $473M | -16% | +2% | 1% | 30.5× | n/a | n/a |
| Shanghai Shine-Link International Logistics 603648.SS | China | $467M | -15% | +10% | 11% | n/a | -0.7% | +0.3% |
| HPF 300350.SZ | China | $465M | -13% | +73% | -5% | n/a | n/a | n/a |
| Orient International Enterprise 600278.SS | China | $919M | +1% | -12% | 1% | n/a | n/a | n/a |
| Mahindra Logistics MAHLOG.NS | India | $443M | +5% | +20% | 2% | 34.9× | 33.7% | +16.5% |
| Hangzhou SF Intra-city Industrial 9699.HK | Hong Kong | $941M | -24% | +32% | 1% | 13.3× | 5.9% | +35.5% |