CITIC Pacific Special Steel Group (000708) Fair Value & Analysis

Basic Materials · CN · Market cap 64.6B CNY

A solid business, screening 42% undervalued on our models.

What matters now

• The price is below even our cautious bear case (¥14.98). The market is more pessimistic than our downside scenario.
• Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥9.46 – ¥27.19 · fair‑value band ¥14.98 – ¥26.31 · the ¥14.10 price screens below the ¥19.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

CITIC Pacific Special Steel Group (000708) currently trades at ¥14.10, while our model-based Fair Value estimate is ¥19.97, implying the stock looks roughly 41.6% undervalued today. We read business quality at 55/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, CITIC Pacific Special Steel Group generated revenue of 107B CNY at a net margin of 5.7%. Revenue declined 1.3% year over year. It earns a return on equity of 13.3%. Net debt stands at 16.4B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥14.98 (bear case) to ¥26.31 (bull case); at ¥14.10, the current price sits below 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 21% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 42%, 000708 screens cheaper 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.

Widest divergence: DCF Models (¥41.19) versus Asset-Based (¥5.79). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

CITIC Pacific Special Steel Group Co., Ltd engages in the manufacture and sale of steel materials in China. It offers bearing, gear, non-quenched and tempered free cutting, spring, mooring chain, and energy steel, as well as continuous casting round billet; pipeline steel, ship and ocean engineering steel, rack steel, container steel, boiler steel, nickel …

Full company description

CITIC Pacific Special Steel Group Co., Ltd engages in the manufacture and sale of steel materials in China. It offers bearing, gear, non-quenched and tempered free cutting, spring, mooring chain, and energy steel, as well as continuous casting round billet; pipeline steel, ship and ocean engineering steel, rack steel, container steel, boiler steel, nickel series ultra-low temperature steel, high-strength steel, wear-resistant steel, steel for wind power, die steel, bridge steel, and steel for high buildings; and special steel wire, including fastener, spring, cord, wire-rope, and carbon structural steel, as well as special steel wire for welding electrode. The company also provides oil casing, oil tubing, line pipe, ocean engineering structural pipe, ocean bracing pipe, structural alloy pipe, boiler tube, nuclear power pipe, fertilizer pipe, mechanical tube, cracking tube, fluid transmission pipeline, cylinder tube, and cylinder line; tool and die steel, ultra-high strength steel, high temperature alloy, corrosion resistant alloy, and stainless steel; and leaf spring, and guide arm. Its products are used for automobile manufacturing, rail transit, engineering machinery, electrical energy, petrochemical engineering, machine, shipbuilding, bridge construction, nuclear power, petroleum, gas, marine engineering, chemical engineering, railway transportation, wind power, water power, die, high buildings, ship and ocean engineering, and turbine applications. The company was formerly known as Daye Special Steel Co., Ltd. and changed its name to CITIC Pacific Special Steel Group Co., Ltd. in September 2019. The company was founded in 1993 and is based in Jiangyin, China. Citic Pacific Special Steel Group Co., Ltd is a subsidiary of CITIC Pacific Special Steel Investment Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CITIC Pacific Special Steel Group reported revenue of ¥107B in FY2025 versus ¥98.6B in FY2021, a compound +2.1%/yr. Reported net income was ¥5.9B in FY2025, compounding −6.6%/yr from FY2021.

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Peer Group

Steel · 381 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 Steel 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.

Insider activity: 30/100

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.

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Frequently asked questions

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.