Zangge Mining Company (000408) Fair Value & Analysis
Basic Materials · CN · Market cap 109B CNY
Fair value as of: Jul 11, 2026
From 25 valuation models · updated 27 days ago
Fair value updated Jul 11, 2026, revised from ¥22.85 to ¥22.76 (−0.4%) since Jun 25, 2026. Share price +18.8% over the past month.
A strong business, but screening 74% overvalued on our models.
What matters now
- A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The model range is unusually wide (¥17.45 to ¥88.26). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range ¥6.86 – ¥93.25 · fair‑value band ¥17.45 – ¥88.26 · the ¥86.79 price screens above the ¥22.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Zangge Mining Company (000408) currently trades at ¥86.79, while our model-based Fair Value estimate is ¥22.76, implying the stock looks roughly 73.8% overvalued today. We read business quality at 75/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Trailing-twelve-month revenue stands at 3.7B CNY. Revenue grew 29.6% year over year. It earns a return on equity of 29.1%. The balance sheet holds a net cash position of 1.7B CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥17.45 (bear case) to ¥88.26 (bull case); at ¥86.79, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 144% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -74%, 000408 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Growth Earnings (¥110.74) versus Asset-Based (¥6.94). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 77 · Market factors (momentum, volatility) 68
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Zangge Mining Company Limited, together with its subsidiaries, researches, develops, manufactures, and sells potassium chloride and lithium carbonate in China and internationally.
Full company description
Zangge Mining Company Limited, together with its subsidiaries, researches, develops, manufactures, and sells potassium chloride and lithium carbonate in China and internationally. The company is also involved in mineral product development; investment activities; trade business; research and development of lithium extraction technology; and import and export of goods activities. In addition, it engages in the mining of copper, silver, and molybdenum deposits. The company was formerly known as Zangge Holding Company Limited and changed its name to Zangge Mining Company Limited in December 2021. Zangge Mining Company Limited was founded in 1996 and is headquartered in Golmud, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zangge Mining Company reported revenue of ¥3.6B in FY2025 versus ¥3.6B in FY2021, a compound −0.5%/yr. Reported net income was ¥3.9B in FY2025, compounding +28.2%/yr from FY2021.
000408 screens 74% overvalued. Compare with BASF SE →
Peer Group
Chemicals · 334 stocks
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.
Valuation Multiples vs Chemicals median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 532.13 MXN | -49% |
| Ningxia Baofeng Energy Group 600989 | ¥20.32 | ¥20.17 | -1% |
| Zhejiang Juhua Co 600160 | ¥42.85 | ¥23.35 | -46% |
| PT Barito Pacific Tbk, BRPT | 1,690 IDR | 1,628 IDR | -4% |
| LG Chem, Ltd 051910 | 260,500 KRW | 587,755 KRW | +126% |
| Formosa Chemicals & Fibre Corporation 1326 | 66.10 TWD | 6.79 TWD | -90% |
| PTT Global Chemical Public Company PTTGC | 35.50 THB | 18.21 THB | -49% |
| 542812 542812 | ₹4,369 | ₹791.05 | -82% |
| Indorama Ventures Public Company IVL | 24.50 THB | 17.95 THB | -27% |
| Navin Fluorine International Limited NAVINFLUOR | ₹7,647 | ₹2,200 | -71% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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