Tianshan Material Co (000877) Fair Value & Analysis
Basic Materials · CN · Market cap 28.8B CNY
Fair value as of: Jul 21, 2026
From 9 valuation models · updated 20 days ago
Fair value updated Jul 21, 2026, revised from ¥2.86 to ¥7.54 (+164.1%) since Jun 25, 2026. Share price +4.4% over the past month.
Below-average quality, screening 99% undervalued on our models.
What matters now
- The model range is unusually wide (¥2.94 to ¥12.14). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (46/100) 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 21, 2026.
How to read this chart
60‑month range ¥3.56 – ¥17.04 · fair‑value band ¥2.94 – ¥12.14 · the ¥3.79 price screens below the ¥7.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Tianshan Material Co (000877) currently trades at ¥3.79, while our model-based Fair Value estimate is ¥7.54, implying the stock looks roughly 98.9% undervalued today. The Quality Score stands at 46/100 (below-average 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: medium), always confirm before acting.
Over the trailing twelve months, Tianshan Material Co generated revenue of 71.9B CNY at a net margin of -10.1%. Revenue declined 17.5% year over year. It earns a return on equity of -8.0%. Net debt stands at 77.3B CNY. Fundamentals as of Jul 21, 2026
Our scenario range runs from ¥2.94 (bear case) to ¥12.14 (bull case); at ¥3.79, 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 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 99%, 000877 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.
All 9 models by family
Widest divergence: DCF Models (¥18.42) versus Growth DCF (¥4.96). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 29
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
Tianshan Material Co., Ltd. engages in the production and sale of cement, clinker, ready-mixed concrete, and aggregates in China and internationally.
Full company description
Tianshan Material Co., Ltd. engages in the production and sale of cement, clinker, ready-mixed concrete, and aggregates in China and internationally. It offers ordinary cement, including silicate cement and common silicate cement; and special cements, such as sulfoaluminate cement, oil well cement, hydraulic cement, high-temperature heavy oil cement, sulfate-resistant silicate cement, ultrafine silicate cement, road silicate cement, silicate cement for nuclear power engineering, marine cement, fast-setting and fast-hardening sulfoaluminate cement, and medium-heat and low-heat silicate cement. The company also provides ordinary mortars consisting of leveling and plastering mortars, as well as tile adhesive specialty mortars; conventional commercial concrete and high-strength concrete; air entrained concrete, radiation proof concrete, permeable concrete, plain concrete, lightweight aggregate concrete, ultra-high strength and high-performance concrete, soil and low heat concrete, self-compacting concrete, marine concrete, colored concrete, cement concrete products; and wet-mix mortar, mirror-finish concrete, and underwater non-dispersible concrete. Its products are used in agriculture, water conservancy, transportation, and other fields. The company was incorporated in 1998 and is based in Shanghai, China. The company was formerly known as Xinjiangtianshan Cement Co.,Ltd and changed its name to Tianshan Material Co., Ltd. in April 2024. Tianshan Material Co., Ltd. operates as a subsidiary of China National Building Material Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tianshan Material Co reported revenue of ¥74.5B in FY2025 versus ¥170B in FY2021, a compound −18.6%/yr. Reported net income was −¥7.3B in FY2025.
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Peer Group
Building Materials · 254 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 Building Materials 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.
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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $102.92 | $70.57 | -31% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| China Jushi Co 600176 | ¥54.52 | ¥13.95 | -74% |
| Grasim Industries Limited GRASIM | ₹3,073 | ₹1,245 | -59% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 15.42 MXN | -29% |
| Anhui Conch Cement Company 600585 | ¥16.99 | ¥26.14 | +54% |
| Ambuja Cements Limited AMBUJACEM | ₹435.25 | ₹227.96 | -48% |
| Shree Cement Limited SHREECEM | ₹26,930 | ₹8,215 | -69% |
| TCC Group 1101B | 43.70 TWD | 10.48 TWD | -76% |
| Taiwan Glass Ind. Corp 1802 | 53.30 TWD | 13.98 TWD | -74% |
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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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