Inner Mongolia Yitai Coal Co Ltd (900948) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Inner Mongolia Yitai Coal Co Ltd stock $3.16, price $3.23, that is 2.3% below the price, quality 53 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $0.5520 – $3.85 · fair‑value band $1.89 – $4.66 · the $3.23 price screens above the $3.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Inner Mongolia Yitai Coal Co.,Ltd., together with its subsidiaries, engages in the production, transportation, and sale of coal in the People's Republic of China.
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It operates in four segments: Coal, Coal Chemical, Transportation, and Oil & Gas. The company is involved in the production and sale of coal, coal chemical, and oil and gas products. It also provides railway and road transportation services.
In addition, the company is involved in design, manufacture, and installation of special equipment; municipal public facilities management; engineering equipment maintenance; biochemical engineering; international trade; railway investment; new energy; coal and oil testing; fund investment and management; investment management; commercial factoring; energy management; research and development, production, and sale of chemical products; exploration, extraction, and sales of oil and gas; enterprise management; liquor business; production and sales of textile products; goods warehousing; warehousing and logistics; coal washing; power generation, transmission, and supply; and trading.
The company was incorporated in 1997 and is headquartered in Ordos, the People's Republic of China. Inner Mongolia Yitai Coal Co.,Ltd. is a subsidiary of Inner Mongolia Yitai Group Company Limited.
Stock analysis
Inner Mongolia Yitai Coal Co Ltd (900948) currently trades at $3.23, while our model-based Fair Value estimate is $3.16, so the stock looks roughly fairly valued today (gap 2.3%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $3.58 per share, and 8 of the 26 models we run sit above the $3.23 price.
Bear case: the Asset-Based group reads lowest at $1.51, and 18 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $1.89 (bear) to $4.66 (bull), the price of $3.23 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Inner Mongolia Yitai Coal Co Ltd reported revenue of 41.4B CNY in FY2025 versus 50.7B CNY in FY2021, a compound −4.9%/yr. Reported net income was 5.1B CNY in FY2025, compounding −12.4%/yr from FY2021.
Key figures
Market cap $9.5B Mid · P/E ratio 9.2 · P/S ratio 1.13 · EPS (TTM) $0.3500 · Dividend yield 14.8% · Net margin 12.3% · Return on equity 13.7% · Return on assets (EBIT) 13.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 86% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 9% fair-value upside, at −2%, 900948 screens richer than that median.
Fair Value models
Bear$1.89Fair Value $3.16Bull$4.66
Price $3.23 · Downside -2.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.2992 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−20.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Start year 2020 (pandemic). Over 10 years: +7.8% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.9%
Dividend (yield on the price)14.8%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 17%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +7.8% a year for the price.
AI conclusion: Decent cash conversion marks the main strength of this commoditized thermal coal business while low differentiation and external pressures form its central weakness alongside elevated leverage.
Main risk: China's decarbonisation policies and stricter environmental regulations could limit thermal coal extraction quotas or raise compliance costs and thereby squeeze production volumes and margins.
Bull case: The company could expand its coal-chemical and overseas oil-and-gas activities to offset any regulatory pressure on thermal coal sales.
Bear case: Stricter national phase-out signals and customer concentration could sharply reduce thermal coal demand and force lower utilisation of mining assets.
The controlling shareholder's Hong Kong affiliate has bought only about eleven million dollars of the planned forty to eighty million in B shares after half the twelve-month accumulation window. At the same time the company is lifting coal-chemical volumes while thermal-coal sales remain the core. Our models see the shares as overvalued. Does the cautious pace of insider buying point to doubts about sustained coal demand or simply to market-timing constraints?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Thermal Coal · 82 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−2.3% · Above median
Profitability
Return on equity (12 months)13.7% · Top 25%
Return on assets4.1% · Above median
Net margin (12 months)16.1% · Top 25%
Operating margin (12 months)21.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)24.2% · Above median
Dividend yield (12 months)14.8% · Top 25%
Balance sheet
Debt / equity0.56× · Above median
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/E (12 months)9.2× · Cheaper than median
P/B1.30× · Pricier than median
P/S (12 months)1.43× · Pricier than median
Price / free cash flow (fiscal year)18.8× · Pricier than median
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Cite: Fair Value Calculator (2026). "Inner Mongolia Yitai Coal Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/900948
Frequently asked questions
Is Inner Mongolia Yitai Coal Co Ltd (900948) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $3.16 versus a price of $3.23, about 2% lower (fairly valued).
What is the fair value of 900948?
Our model-based fair value for Inner Mongolia Yitai Coal Co Ltd is $3.16 (as of Nov 8, 2026), built from audited fundamentals. The current price: $3.23.
What is the quality score of 900948?
Inner Mongolia Yitai Coal Co Ltd has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Inner Mongolia Yitai Coal Co Ltd (900948)?
Our model-based price target is the fair value of $3.16 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario $1.89, optimistic scenario $4.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Inner Mongolia Yitai Coal Co Ltd stock forecast for 2026?
Our models put fair value at $3.16, about 2% lower versus a price of $3.23 (fairly valued). Cautious scenario $1.89, optimistic scenario $4.66. The calculation is refreshed regularly with new filings.
What is the revenue of Inner Mongolia Yitai Coal Co Ltd (900948)?
Inner Mongolia Yitai Coal Co Ltd reported trailing-twelve-month revenue of about 44.2B CNY (latest available figure, as of Nov 8, 2026).
Does Inner Mongolia Yitai Coal Co Ltd pay a dividend?
Inner Mongolia Yitai Coal Co Ltd currently shows a dividend yield of 14.81% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Inner Mongolia Yitai Coal Co Ltd (900948) and when is the ex-dividend date?
Inner Mongolia Yitai Coal Co Ltd has a dividend yield of 14.8%. The last ex-dividend date was Oct 19, 2026. The payout ratio is 68.4% of earnings. Free cash flow covers the dividend 0.97 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Inner Mongolia Yitai Coal Co Ltd (900948)?
For today's price to be fair in a discounted-cash-flow model, Inner Mongolia Yitai Coal Co Ltd would have to grow free cash flow by +9.7 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 900948 use?
Our models discount Inner Mongolia Yitai Coal Co Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.44, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Inner Mongolia Yitai Coal Co Ltd that is +9.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Inner Mongolia Yitai Coal Co Ltd (900948) delivered so far?
Over the past 5 years revenue at Inner Mongolia Yitai Coal Co Ltd grew +4.2 % a year. The price currently implies free-cash-flow growth of +9.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Inner Mongolia Yitai Coal Co Ltd (900948) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Inner Mongolia Yitai Coal Co Ltd (+9.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Inner Mongolia Yitai Coal Co Ltd (900948)?
The free-cash-flow yield on the price is 5.32 %: that much free cash flow Inner Mongolia Yitai Coal Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Inner Mongolia Yitai Coal Co Ltd (900948)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Inner Mongolia Yitai Coal Co Ltd it is $3.16 per share (as of Nov 8, 2026), against a price of $3.23. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Inner Mongolia Yitai Coal Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 900948 trades above its calculated fair value: price $3.23, fair value $3.16, a gap of about −2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 900948?
No. The price is what the market pays today ($3.23); the fair value is what the company's own numbers justify ($3.16). For Inner Mongolia Yitai Coal Co Ltd the two are $0.0730 per share apart. That gap is exactly why we show both numbers side by side.
How much is Inner Mongolia Yitai Coal Co Ltd worth?
The market values Inner Mongolia Yitai Coal Co Ltd at about $9.5B (market capitalisation, as of Nov 8, 2026). Per share that is $3.23; our models calculate a fair value of $3.16 per share.
What do the bullish and bearish scenarios say about 900948?
Our models span a range for Inner Mongolia Yitai Coal Co Ltd: cautious scenario $1.89, base $3.16, optimistic $4.66 per share (as of Nov 8, 2026, price $3.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 900948?
Inner Mongolia Yitai Coal Co Ltd trades at a price-to-earnings ratio of 9.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $3.16 is built from several models across several years. Other multiples: P/B 1.3, P/S 1.4, EV/EBITDA 5.7.
How solid is the balance sheet of Inner Mongolia Yitai Coal Co Ltd (900948)?
Balance-sheet figures for Inner Mongolia Yitai Coal Co Ltd (as of Nov 8, 2026): return on equity 13.7%, debt of 0.56 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 900948 from its 52-week high?
Inner Mongolia Yitai Coal Co Ltd trades at $3.23, about 16% below its 52-week high of $3.85 and 86% above the low of $1.74 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $3.16 is for.
Which stocks are comparable to Inner Mongolia Yitai Coal Co Ltd?
From the same area (Energy) we also value China Shenhua Energy Company, Shaanxi Coal Industry Company, Adani Enterprises Limited, China Coal Energy Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Inner Mongolia Yitai Coal Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price $3.23, calculated fair value $3.16 (−2%), Quality Score 53/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 900948 calculated?
We run Inner Mongolia Yitai Coal Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $3.16 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Inner Mongolia Yitai Coal Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Inner Mongolia Yitai Coal Co Ltd (900948)?
The closing price on Nov 6, 2026 was $3.23. Our model-based fair value is $3.16, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Inner Mongolia Yitai Coal Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($1.89 to $4.66) leaves room in how you read the outcome.
Key figures of Inner Mongolia Yitai Coal Co Ltd
How large is the market capitalisation of Inner Mongolia Yitai Coal Co Ltd (900948)?
The market capitalisation of Inner Mongolia Yitai Coal Co Ltd is $9.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Inner Mongolia Yitai Coal Co Ltd (900948)?
The price-to-sales ratio of Inner Mongolia Yitai Coal Co Ltd is 1.13 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Inner Mongolia Yitai Coal Co Ltd (900948)?
Earnings per share at Inner Mongolia Yitai Coal Co Ltd are $0.3500 (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Inner Mongolia Yitai Coal Co Ltd (900948)?
The dividend yield of Inner Mongolia Yitai Coal Co Ltd is 14.8% (payout 137%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Inner Mongolia Yitai Coal Co Ltd (900948)?
The net margin of Inner Mongolia Yitai Coal Co Ltd is 12.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Inner Mongolia Yitai Coal Co Ltd (900948)?
The return on equity (ROE) of Inner Mongolia Yitai Coal Co Ltd is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Inner Mongolia Yitai Coal Co Ltd (900948)?
On an EBIT basis the return on assets of Inner Mongolia Yitai Coal Co Ltd is 13.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Inner Mongolia Yitai Coal Co Ltd (900948)?
The operating margin of Inner Mongolia Yitai Coal Co Ltd is 21.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Inner Mongolia Yitai Coal Co Ltd (900948)?
Revenue at Inner Mongolia Yitai Coal Co Ltd is growing +24.2% versus a year earlier (3y avg −11.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Inner Mongolia Yitai Coal Co Ltd (900948)?
Earnings per share at Inner Mongolia Yitai Coal Co Ltd are growing +166% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Inner Mongolia Yitai Coal Co Ltd (900948) carry?
The net debt of Inner Mongolia Yitai Coal Co Ltd is 10.6B CNY (fiscal year 2025, ≈ 3.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026