Jiangxi Copper Co Ltd Class A (600362) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Jiangxi Copper Co Ltd Class A stock ¥25.86, price ¥33.80, that is 23.5% below the price, quality 51 out of 100. Rating: overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ¥14.67 – ¥70.47 · fair‑value band ¥19.08 – ¥40.15 · the ¥33.80 price screens above the ¥25.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Jiangxi Copper Company Limited, together with its subsidiaries, engages in mining, beneficiation, smelting, and processing of copper and gold in Chinese Mainland, China, Hong Kong, and internationally. It operates through two segments, Copper-related Industries and Gold-related Industries.
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The company is involved in the businesses of copper, gold, lead and zinc, trade, finance, new materials, engineering construction, equipment manufacturing, information technology, energy conservation and environment protection.
It also engages in the extraction and processing of precious metals and scattered metals; smelting, rolling processing, and deep processing of non-ferrous metals and related by-products; research, development, production, and sales of copper materials; manufacture and sales of wires and cables, and trade of related products business.
The company was founded in 1979 and is headquartered in Guixi, China.
Stock analysis
Jiangxi Copper Co Ltd Class A (600362) currently trades at ¥33.80, while our model-based Fair Value estimate is ¥25.86, 23% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥43.20 per share, and 9 of the 17 models we run sit above the ¥33.80 price.
Bear case: the Dividend Discount group reads lowest at ¥14.35, and 8 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥19.08 (bear) to ¥40.15 (bull), the price of ¥33.80 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 51/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jiangxi Copper Co Ltd Class A reported revenue of 545B CNY in FY2025 versus 443B CNY in FY2021, a compound +5.3%/yr. Reported net income was 7.1B CNY in FY2025, compounding +6.1%/yr from FY2021.
Key figures
Market cap 116B CNY (≈ $17.5B) Large · P/E ratio 8.7 · P/S ratio 0.20 · EPS (TTM) ¥3.70 · Dividend yield 1.8% · Net margin 2.2% · Return on equity 14.4% · Return on assets (EBIT) 5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −23%, 600362 screens richer than that median.
Fair Value models
Bear¥19.08Fair Value ¥25.86Bull¥40.15
Price ¥33.80 · Downside -23.5%
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 (¥2.63 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.5%
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.
+4.3%
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.
+11.3%
Start year 2020 (pandemic). Over 10 years: +11.4% a year
Revenue growth 27 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.
+22.2%
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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.
+25.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.8%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.23.8% vs 24.6%, steady
Profit margin 2020 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.1% → 3%
News mood ⓘNews mood, the average tone of recent news (16 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: The renewed supply and services agreement with the controlling shareholder supports efficiency and stability through shared resources, yet volatile copper prices and refining charges still constrain margins and cash conversion.
Main risk: The company relies heavily on imported copper concentrate due to a domestic self-sufficiency rate below 30 percent, which could expose it to supply shortages from global mining constraints and squeeze smelting margins through unfavorable terms.
Bull case: By accelerating overseas mine acquisitions and boosting domestic output the company could raise its concentrate self-sufficiency and secure more stable raw-material terms.
Bear case: Persistent global concentrate shortages combined with tighter emission rules might constrain smelting volumes and inflate operating costs, eroding the viability of the core refining business.
Jiangxi Copper recently renewed its three-year supply and services agreement with controlling shareholder JCC Group. The arrangement covers copper products, metals and support services to boost efficiency and stability through shared resources. Yet the business still faces volatile copper prices and refining charges that can pressure margins despite volume growth. Will the predictability from these connected transactions outweigh swings in commodity markets?
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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.Copper · 58 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside−23.5% · Above median
Profitability
Return on equity (12 months)14.4% · Above median
Return on assets3.2% · Below median
Net margin (12 months)2.2% · Below median
Operating margin (12 months)4.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−2.7% · Bottom 25%
Dividend yield (12 months)1.8% · Above median
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Copper median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Jiangxi Copper Co Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/600362
Frequently asked questions
Is Jiangxi Copper Co Ltd Class A (600362) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥25.86 versus a price of ¥33.80, about 23% lower (overvalued).
What is the fair value of 600362?
Our model-based fair value for Jiangxi Copper Co Ltd Class A is ¥25.86 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥33.80.
What is the quality score of 600362?
Jiangxi Copper Co Ltd Class A has a Quality Score of 51/100. 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 Jiangxi Copper Co Ltd Class A (600362)?
Our model-based price target is the fair value of ¥25.86 (as of Nov 6, 2026) from 17 valuation models. Cautious scenario ¥19.08, optimistic scenario ¥40.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Jiangxi Copper Co Ltd Class A stock forecast for 2026?
Our models put fair value at ¥25.86, about 23% lower versus a price of ¥33.80 (overvalued). Cautious scenario ¥19.08, optimistic scenario ¥40.15. The calculation is refreshed regularly with new filings.
What is the revenue of Jiangxi Copper Co Ltd Class A (600362)?
Jiangxi Copper Co Ltd Class A reported trailing-twelve-month revenue of about 591B CNY (latest available figure, as of Nov 6, 2026).
Does Jiangxi Copper Co Ltd Class A pay a dividend?
Jiangxi Copper Co Ltd Class A currently shows a dividend yield of 1.78% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Jiangxi Copper Co Ltd Class A (600362)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jiangxi Copper Co Ltd Class A it is ¥25.86 per share (as of Nov 6, 2026), against a price of ¥33.80. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Jiangxi Copper Co Ltd Class A stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 600362 trades above its calculated fair value: price ¥33.80, fair value ¥25.86, a gap of about −23% (overvalued). 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 600362?
No. The price is what the market pays today (¥33.80); the fair value is what the company's own numbers justify (¥25.86). For Jiangxi Copper Co Ltd Class A the two are ¥7.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jiangxi Copper Co Ltd Class A worth?
The market values Jiangxi Copper Co Ltd Class A at about 116B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥33.80; our models calculate a fair value of ¥25.86 per share.
What do the bullish and bearish scenarios say about 600362?
Our models span a range for Jiangxi Copper Co Ltd Class A: cautious scenario ¥19.08, base ¥25.86, optimistic ¥40.15 per share (as of Nov 6, 2026, price ¥33.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600362?
Jiangxi Copper Co Ltd Class A trades at a price-to-earnings ratio of 8.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥25.86 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 12.8 (reported for FY2025: 16.4). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 19.6. Other multiples: PEG 3.3, P/B 1.4, P/S 0.2, EV/EBITDA 3.2.
What is the PEG ratio of 600362?
The PEG ratio of Jiangxi Copper Co Ltd Class A is 3.25 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Jiangxi Copper Co Ltd Class A (600362)?
Balance-sheet figures for Jiangxi Copper Co Ltd Class A (as of Nov 6, 2026): return on equity 14.4%, debt of 0.12 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 600362 from its 52-week high?
Jiangxi Copper Co Ltd Class A trades at ¥33.80, about 52% below its 52-week high of ¥70.47 and 8% above the low of ¥31.35 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥25.86 is for.
Which stocks are comparable to Jiangxi Copper Co Ltd Class A?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, Lundin Mining Corporation, First Quantum Minerals Ltd, 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 Jiangxi Copper Co Ltd Class A stock attractive at the current price?
The data as of Nov 6, 2026: price ¥33.80, calculated fair value ¥25.86 (−23%), Quality Score 51/100, from 17 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 600362 calculated?
We run Jiangxi Copper Co Ltd Class A through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥25.86, 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 15.5% above its aggregate fair value. Jiangxi Copper Co Ltd Class A 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 Jiangxi Copper Co Ltd Class A (600362)?
The closing price on Nov 5, 2026 was ¥33.80. Our model-based fair value is ¥25.86, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jiangxi Copper Co Ltd Class A right now?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥19.08 to ¥40.15) leaves room in how you read the outcome.
Where does the earnings growth of Jiangxi Copper Co Ltd Class A (600362) come from?
Earnings per share at Jiangxi Copper Co Ltd Class A grew +19.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.8 %, EBIT margin +7.3 %, tax rate +2.5 %, residual (interest, one-offs) −3.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Jiangxi Copper Co Ltd Class A
How large is the market capitalisation of Jiangxi Copper Co Ltd Class A (600362)?
The market capitalisation of Jiangxi Copper Co Ltd Class A is 116B CNY (≈ $17.5B). 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 Jiangxi Copper Co Ltd Class A (600362)?
The price-to-sales ratio of Jiangxi Copper Co Ltd Class A is 0.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jiangxi Copper Co Ltd Class A (600362)?
Earnings per share at Jiangxi Copper Co Ltd Class A are ¥3.70 (price ÷ EPS = P/E 8.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jiangxi Copper Co Ltd Class A (600362)?
The dividend yield of Jiangxi Copper Co Ltd Class A is 1.8% (payout 12.6%, on adjusted earnings, reported 16.2%). 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 Jiangxi Copper Co Ltd Class A (600362)?
The net margin of Jiangxi Copper Co Ltd Class A is 2.2% (last twelve months). 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 Jiangxi Copper Co Ltd Class A (600362)?
The return on equity (ROE) of Jiangxi Copper Co Ltd Class A is 14.4% (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 Jiangxi Copper Co Ltd Class A (600362)?
On an EBIT basis the return on assets of Jiangxi Copper Co Ltd Class A is 5.3% (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 Jiangxi Copper Co Ltd Class A (600362)?
The operating margin of Jiangxi Copper Co Ltd Class A is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jiangxi Copper Co Ltd Class A (600362)?
Revenue at Jiangxi Copper Co Ltd Class A is growing −2.7% versus a year earlier (3y avg +4.3%). 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 Jiangxi Copper Co Ltd Class A (600362)?
Earnings per share at Jiangxi Copper Co Ltd Class A are growing +67.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jiangxi Copper Co Ltd Class A (600362) generate?
The free cash flow of Jiangxi Copper Co Ltd Class A is −11.1B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Jiangxi Copper Co Ltd Class A (600362) carry?
The net debt of Jiangxi Copper Co Ltd Class A is 45.3B CNY (fiscal year 2025). 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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Nov 6, 2026