CMST Development Co (SHSE:600787) Tax Rate %: 23.62% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600787 CMST Development Co Ltd SHSE:600787
65 GF Score
Price ¥4.51
GF Value ¥5.12
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is CMST Development Co Tax Rate %?

CMST Development Co SHSE:600787 65 Tax Rate % is 23.62% as of Mar. 2026. GuruFocus rates SHSE:600787 with a GF Score™ of 65/100 and a GF Value™ of ¥5.12 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CMST Development Co's Tax Expense for the three months ended in Mar. 2026 was ¥33 Mil. CMST Development Co's Pre-Tax Income for the three months ended in Mar. 2026 was ¥139 Mil. Therefore, CMST Development Co's Tax Rate % for the quarter that ended in Mar. 2026 was 23.62%.

CMST Development Co Tax Rate % Related Terms

CMST Development Co Tax Rate % Historical Data

* Premium members only.

The historical data trend for CMST Development Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CMST Development Co Tax Rate % Chart

CMST Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.28 19.49 23.13 36.22 47.50

CMST Development Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.89 30.45 30.15 78.37 23.62
SHSE:600787
65GF Score
CMST Development Co Ltd SHSE:600787
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CMST Development Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CMST Development Co's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=517.997/1090.588
=47.50 %

CMST Development Co's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=32.858/139.128
=23.62 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 23.62% mean?
CMST Development Co (SHSE:600787) has a Tax Rate % of 23.62% as of Mar. 2026.
Is CMST Development Co's Tax Rate % too high?
CMST Development Co's current Tax Rate % is 23.62%. Overall, CMST Development Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CMST Development Co's Tax Rate % compare to UPS and FDX?
CMST Development Co's Tax Rate % of 23.62% can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Transportation company?
A good Tax Rate % depends on the Transportation industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. CMST Development Co's current Tax Rate % is 23.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMST Development Co stock overvalued right now?
Based on GuruFocus' analysis, CMST Development Co (SHSE:600787) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.12, compared to a current price of ¥4.51 — trading 11.9% below its estimated fair value. The current Tax Rate % is 23.62%. CMST Development Co's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For CMST Development Co (SHSE:600787), the current Tax Rate % is 23.62% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CMST Development Co (SHSE:600787) Overvalued in 2026?

Based on GuruFocus' analysis, CMST Development Co stock appears to be undervalued. The current stock price of ¥4.51 is trading 11.9% below its estimated GF Value™ of ¥5.12. GuruFocus considers CMST Development Co to be Modestly Undervalued.

Key valuation signals for SHSE:600787:

  • Tax Rate %: 23.62%
  • GF Value™: ¥5.12 vs. price of ¥4.51 (11.9% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600787 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CMST Development Co Business Description

Address Fenghuangzui Street, 27th-28th Floors, Block A, Dingxing Building, No. 5 Courtyard, Fengtai District, Beijing, CHN, 100073
CMST Development Co Ltd is engaged in Modern integrated logistics encompassing futures and spot delivery logistics, bulk commodity supply chains, Internet+ logistics, engineering logistics, consumer goods logistics, and financial logistics.
65GF Score

Get the complete analysis for SHSE:600787

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥4.51
Price
¥5.12
GF Value