Company Profile · Energy

China Merchants Energy Shipping Co Ltd

601872 · Shanghai
Industry
航运
Exchange
Shanghai
Country
China
IPO date
Dec 1, 2006
Employees
5,513
Website
www.cmenergyshipping.com
Price at Publication
¥22.36
Sep 20, 2026 close
Fair Buy
≤ ¥12
Margin-of-safety entry
Baillie Growth Score
37/100
Weak
Buffett Score
39/100
Weak
Intrinsic Value · Three-Tier Range Price at publication ¥22.36 · Between the fair and optimistic ranges

Composite valuation range · conservative ¥11–¥12 / fair ¥15.5–¥20.5 / optimistic ¥28.5–¥31. At the publication price of ¥22.36 (Sep 20, 2026), Between the fair and optimistic ranges.

Financial snapshot
Market capCN¥162.7B
Revenue (TTM)CN¥35.24B
EBITDACN¥14.58B
Profit margin30.78%
ROE24.62%
P/E (TTM)15.04
Forward P/E11.33
PEG0.42
EPSCN¥1.34
Dividend yield1.91%
52-week rangeCN¥7.94 – CN¥22.98

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

About the company

China Merchants Energy Shipping Co., Ltd. operates as a shipping company in China. It engages in the oil tanker, liquefied natural gas, dry bulk, RoRo, and container shipping. The company also offers digital transformation and tailored development services for the shipping and trade sector; and crew supply services for its fleets. In addition, it operates a maritime service platform, which provides ship agency, provisioning, spare parts supply, maintenance, inspection, and safety check services. The company was incorporated in 2004 and is headquartered in Shanghai, China. China Merchants Energy Shipping Co., Ltd. operates as a subsidiary of China Merchants Steam Navigation Company Limited.

Background

History

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Industry position

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Research on this stock
37/100 Watch China Merchants Energy Shipping: A CNY 6.19 Billion H1 Tanker Windfall Meets 151 VLCC Orders, and CNY 22.36 Already Prices a Prolonged Boom China Merchants Energy Shipping (CMES) is a state-controlled diversified ship-owner with 51 owned VLCCs, 34 VLOCs, regional container and ro-ro networks and a rapidly expanding contract-backed LNG fleet, so a spot-driven tanker and dry-bulk layer sits on top of contracted ore and LNG cash flows. H1 2026 revenue rose 56.15% to CNY 19.65 billion and attributable profit 227.57% to CNY 6.96 billion, with the tanker unit alone earning CNY 6.19 billion as TD3C reached USD 1.099 million per day on 15 September, yet roughly 151 VLCCs ordered by July 2026 set up a 2027–2030 supply response and the report's central value is only about CNY 18 per share. Rating Watch: contract-backed diversification is real, but CNY 22.36 already prices an extended tanker boom, so the preferred entry is CNY 11.0–12.0. China Merchants Energy Shipping Co., Ltd.601872 · Shanghai航运Sep 20, 2026