Tongguan Gold Group vs Newmont: Fair Value & Quality
Both stocks run through our valuation models. Here is how Tongguan Gold Group (0340) and Newmont (NEM) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees Tongguan Gold Group as the less overvalued of the two: Tongguan Gold Group trades at HK$2.92 versus a fair value of HK$2.35 (-20%), while Newmont trades at A$159 versus A$117 (-27%).
Tongguan Gold Group
0340.HK · HKD · Materials
-20%
upside to fair value
overvalued
PriceHK$2.92
Fair ValueHK$2.35
Quality56/100
Newmont
NEM.AU · AUD · Materials
-27%
upside to fair value
overvalued
PriceA$159
Fair ValueA$117
Quality71/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Tongguan Gold GroupNewmont
Valuation
9.6×P/E (TTM)11.6×
4.06×P/S (TTM)3.92×
2.44×P/B2.89×
7.3×EV/EBITDA5.8×
1.22×PEG2.63×
1.8%Dividend yield0.8%
HK$0.03Dividend per shareA$1.02
Profitability
35%Net margin34%
48%Operating margin61%
25%Return on equity26%
12%Return on assets15%
Growth
81%Revenue growth (YoY)46%
24.4%Avg. growth/yr (3Y)25.3%
48.9%Avg. growth/yr (5Y)15.3%
Balance & size
0.01×Debt / equity0.15×
$1BMarket cap$98B
mixedGrowth qualityhealthy
Tongguan Gold Group leads: 8 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Tongguan Gold Groupof which business quality 56 · market factors 40Newmontof which business quality 70 · market factors 62
ProfitabilityMargins and returns on capital today
61
63
Quality GrowthAre margins and returns improving?
92
98
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
1
22
Low VolatilityCalm price path (market factor)
34
64
MomentumPrice trend over the last 3–12 months (market factor)
29
50
52W MomentumDistance to the 52-week high (market factor)
66
80
Net IssuanceBuybacks instead of dilution
0
50
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Tongguan Gold Group
DCF ModelsHK$3.22
Earnings-BasedHK$5.47
Dividend DiscountHK$0.16
MultiplesHK$2.34
Asset-BasedHK$0.50
Growth DCFHK$2.24
Economic ProfitHK$2.43
Growth EarningsHK$6.74
15 of 26 models see the stock below the current price.
Newmont
DCF ModelsA$197
Earnings-BasedA$155
MultiplesA$106
Asset-BasedA$21.27
Growth DCFA$150
Economic ProfitA$86.58
Growth EarningsA$189
15 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Tongguan Gold Group
Bear HK$1.75Fair Value HK$2.35Bull HK$5.79
HK$2.92 = current price (white tick)
Newmont
Bear A$87.57Fair Value A$117Bull A$245
A$159 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Tongguan Gold Group · Materials
Quality score56 · above median
Fair value upside-20% · above median
Newmont · Materials
Quality score71 · Top 25%
Fair value upside-27% · below median
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees Tongguan Gold Group as the less overvalued of the two: Tongguan Gold Group trades at HK$2.92 versus a fair value of HK$2.35 (-20%), while Newmont trades at A$159 versus A$117 (-27%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
