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STOCK COMPARISON

Norsk Hydro ASA vs Shandong Hongchuang Aluminum Industry Holding Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how Norsk Hydro ASA (NHY) and Shandong Hongchuang Aluminum Industry Holding Co (002379) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Shandong Hongchuang Aluminum Industry Holding Co as the more attractively valued of the two: Norsk Hydro ASA trades at NOK 89.64 versus a fair value of NOK 58.10 (-35%), while Shandong Hongchuang Aluminum Industry Holding Co trades at ¥18.86 versus ¥26.70 (+42%).
Norsk Hydro ASA
NHY.OL · NOK · Materials
-35%
upside to fair value
overvalued
PriceNOK 89.64
Fair ValueNOK 58.10
Quality67/100
Shandong Hongchuang Aluminum Industry Holding Co
002379.SHE · CNY · Materials
+42%
upside to fair value
undervalued
Price¥18.86
Fair Value¥26.70
Quality58/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Norsk Hydro ASAShandong Hongchuang Aluminum Industry Holding Co
Valuation
27.2×P/E (TTM)12.4×
0.83×P/S (TTM)1.54×
1.67×P/B5.34×
3.8×EV/EBITDA7.3×
0.56×PEG
3.5%Dividend yield1.4%
NOK 3.00Dividend per share¥0.25
Profitability
3%Net margin12%
21%Operating margin22%
6%Return on equity75%
11%Return on assets32%
Growth
-12%Revenue growth (YoY)3%
0.0%Avg. growth/yr (3Y)253.8%
8.5%Avg. growth/yr (5Y)131.2%
Balance & size
0.29×Debt / equity0.32×
$18BMarket cap$36B
healthyGrowth qualityhealthy

Shandong Hongchuang Aluminum Industry Holding Co leads: 5 to 8 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.

Norsk Hydro ASAof which business quality 63 · market factors 64 Shandong Hongchuang Aluminum Industry Holding Coof which business quality 67 · market factors 38
ProfitabilityMargins and returns on capital today
46
78
Quality GrowthAre margins and returns improving?
50
100
CashflowEarnings quality: real cash, not paper profit
52
61
Fin. StrengthBalance sheet, leverage, solvency risk
63
77
InvestmentDisciplined investing over empire-building
91
31
Low VolatilityCalm price path (market factor)
75
57
MomentumPrice trend over the last 3–12 months (market factor)
55
20
52W MomentumDistance to the 52-week high (market factor)
69
48
Net IssuanceBuybacks instead of dilution
97
44

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.

Norsk Hydro ASA

DCF ModelsNOK 90.00
Earnings-BasedNOK 35.64
Dividend DiscountNOK 38.97
MultiplesNOK 78.67
Asset-BasedNOK 34.04
Growth DCFNOK 92.11
Economic ProfitNOK 49.13
Growth EarningsNOK 58.14

18 of 26 models see the stock below the current price.

Shandong Hongchuang Aluminum Industry Holding Co

DCF Models¥50.43
Earnings-Based¥47.98
Dividend Discount¥2.39
Multiples¥27.24
Asset-Based¥2.34
Growth DCF¥47.86
Economic Profit¥26.66
Growth Earnings¥61.82

4 of 26 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.

Norsk Hydro ASA
Bear NOK 43.58Fair Value NOK 58.10Bull NOK 72.63
NOK 89.64 = current price (white tick)
Shandong Hongchuang Aluminum Industry Holding Co
Bear ¥17.24Fair Value ¥26.70Bull ¥76.74
¥18.86 = 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.

Norsk Hydro ASA · Materials

Quality score67 · Top 25%
Fair value upside-35% · below median

Shandong Hongchuang Aluminum Industry Holding Co · Materials

Quality score58 · Top 25%
Fair value upside+42% · Top 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Shandong Hongchuang Aluminum Industry Holding Co as the more attractively valued of the two: Norsk Hydro ASA trades at NOK 89.64 versus a fair value of NOK 58.10 (-35%), while Shandong Hongchuang Aluminum Industry Holding Co trades at ¥18.86 versus ¥26.70 (+42%).

Norsk Hydro ASA has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.