Hunan Valin Steel Co Ltd (000932) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hunan Valin Steel Co Ltd stock ¥6.02, price ¥3.40, upside +77.1%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ¥3.17 – ¥7.38 · fair‑value band ¥3.67 – ¥7.02 · the ¥3.40 price screens below the ¥6.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Hunan Valin Steel Co., Ltd., together with its subsidiaries, produces and sells steel products in China.
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The company offers steel billets, seamless steel pipes, wire rods, rebar, hot-rolled ultra-thin strip steel coils, cold-rolled steel coils, galvanized sheets, small and medium-sized sections, and hot-rolled medium plates.
It also provides logistics, trading, construction and installation, electricity and heat production and supply, waste resource utilization, and financial services.
The company was formerly known as Hunan Valin Steel Tube & Wire Co. Ltd. and changed its name to Hunan Valin Steel Co., Ltd. in September 2008. Hunan Valin Steel Co., Ltd. was incorporated in 1999 and is headquartered in Changsha, China.
Stock analysis
Hunan Valin Steel Co Ltd (000932) currently trades at ¥3.40, while our model-based Fair Value estimate is ¥6.02, implying the stock looks roughly 44% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥6.48 per share, and 18 of the 25 models we run sit above the ¥3.40 price.
Bear case: the Growth DCF group reads lowest at ¥1.53, and 7 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥3.67 (bear) to ¥7.02 (bull), the price of ¥3.40 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Hunan Valin Steel Co Ltd reported revenue of 122B CNY in FY2025 versus 172B CNY in FY2021, a compound −8.2%/yr. Reported net income was 2.6B CNY in FY2025, compounding −27.9%/yr from FY2021.
Key figures
Market cap 23.5B CNY (≈ $3.5B) Mid · P/E ratio 21.3 · P/S ratio 0.29 · EPS (TTM) ¥0.1600 · Dividend yield 4.7% · Net margin 0.9% · Return on equity 3.1% · Return on assets (EBIT) 6.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 48% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at 77%, 000932 screens cheaper than that median.
Fair Value models
Bear¥3.67Fair Value ¥6.02Bull¥7.02
Price ¥3.40 · Upside +77.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−13.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.3%
Dividend (yield on the price)4.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−18.3% vs 35.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +24.9% a year for the price.
Compare Hunan Valin Steel Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Steel · 410 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+77.1% · Top 25%
Profitability
Return on equity (12 months)3.1% · Below median
Return on assets2.6% · Above median
Net margin (12 months)1.4% · Below median
Operating margin (12 months)1.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.3% · Below median
Dividend yield (12 months)4.7% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hunan Valin Steel Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000932
Frequently asked questions
Is Hunan Valin Steel Co Ltd (000932) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥6.02 versus a price of ¥3.40, about +77% upside (undervalued).
What is the fair value of 000932?
Our model-based fair value for Hunan Valin Steel Co Ltd is ¥6.02 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥3.40.
What is the quality score of 000932?
Hunan Valin Steel Co Ltd has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hunan Valin Steel Co Ltd (000932)?
Our model-based price target is the fair value of ¥6.02 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario ¥3.67, optimistic scenario ¥7.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Hunan Valin Steel Co Ltd stock forecast for 2026?
Our models put fair value at ¥6.02, about +77% upside versus a price of ¥3.40 (undervalued). Cautious scenario ¥3.67, optimistic scenario ¥7.02. The calculation is refreshed regularly with new filings.
What is the revenue of Hunan Valin Steel Co Ltd (000932)?
Hunan Valin Steel Co Ltd reported trailing-twelve-month revenue of about 120B CNY (latest available figure, as of Nov 7, 2026).
Does Hunan Valin Steel Co Ltd pay a dividend?
Hunan Valin Steel Co Ltd currently shows a dividend yield of 4.71% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Hunan Valin Steel Co Ltd (000932) and when is the ex-dividend date?
Hunan Valin Steel Co Ltd pays a dividend of ¥0.16 per share a year, a dividend yield of 4.7%. The last ex-dividend date was Jun 26, 2026. A dividend has been paid every year since 2020. The payout ratio is 100% of earnings. Free cash flow covers the dividend 0.40 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Hunan Valin Steel Co Ltd (000932)?
For today's price to be fair in a discounted-cash-flow model, Hunan Valin Steel Co Ltd would have to grow free cash flow by +27.0 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 000932 use?
Our models discount Hunan Valin Steel Co Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.45, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hunan Valin Steel Co Ltd that is +27.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Hunan Valin Steel Co Ltd (000932) delivered so far?
Over the past 5 years revenue at Hunan Valin Steel Co Ltd grew +0.9 % a year. The price currently implies free-cash-flow growth of +27.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hunan Valin Steel Co Ltd (000932) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Hunan Valin Steel Co Ltd (+27.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hunan Valin Steel Co Ltd (000932)?
The free-cash-flow yield on the price is 1.86 %: that much free cash flow Hunan Valin Steel Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hunan Valin Steel Co Ltd (000932)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hunan Valin Steel Co Ltd it is ¥6.02 per share (as of Nov 7, 2026), against a price of ¥3.40. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hunan Valin Steel Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 000932 trades below its calculated fair value: price ¥3.40, fair value ¥6.02, a gap of about +77% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 000932?
No. The price is what the market pays today (¥3.40); the fair value is what the company's own numbers justify (¥6.02). For Hunan Valin Steel Co Ltd the two are ¥2.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hunan Valin Steel Co Ltd worth?
The market values Hunan Valin Steel Co Ltd at about 23.5B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥3.40; our models calculate a fair value of ¥6.02 per share.
What do the bullish and bearish scenarios say about 000932?
Our models span a range for Hunan Valin Steel Co Ltd: cautious scenario ¥3.67, base ¥6.02, optimistic ¥7.02 per share (as of Nov 7, 2026, price ¥3.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000932?
Hunan Valin Steel Co Ltd trades at a price-to-earnings ratio of 21.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥6.02 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 5.1. Other multiples: PEG 0.1, P/B 0.4, P/S 0.3, EV/EBITDA 4.4.
What is the PEG ratio of 000932?
The PEG ratio of Hunan Valin Steel Co Ltd is 0.11 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Hunan Valin Steel Co Ltd (000932)?
Balance-sheet figures for Hunan Valin Steel Co Ltd (as of Nov 7, 2026): return on equity 3.1%, debt of 0.12 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 000932 from its 52-week high?
Hunan Valin Steel Co Ltd trades at ¥3.40, about 48% below its 52-week high of ¥6.49 and 2% above the low of ¥3.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.02 is for.
Which stocks are comparable to Hunan Valin Steel Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hunan Valin Steel Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ¥3.40, calculated fair value ¥6.02 (+77%), Quality Score 49/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000932 calculated?
We run Hunan Valin Steel Co Ltd through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥6.02 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Hunan Valin Steel Co Ltd currently trades 44% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hunan Valin Steel Co Ltd (000932)?
The closing price on Nov 6, 2026 was ¥3.40. Our model-based fair value is ¥6.02, about +77% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hunan Valin Steel Co Ltd right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (¥3.67). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥3.67 to ¥7.02) leaves room in how you read the outcome.
Key figures of Hunan Valin Steel Co Ltd
How large is the market capitalisation of Hunan Valin Steel Co Ltd (000932)?
The market capitalisation of Hunan Valin Steel Co Ltd is 23.5B CNY (≈ $3.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hunan Valin Steel Co Ltd (000932)?
The price-to-sales ratio of Hunan Valin Steel Co Ltd is 0.29 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hunan Valin Steel Co Ltd (000932)?
Earnings per share at Hunan Valin Steel Co Ltd are ¥0.1600 (price ÷ EPS = P/E 21.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hunan Valin Steel Co Ltd (000932)?
The dividend yield of Hunan Valin Steel Co Ltd is 4.7% (payout 100%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hunan Valin Steel Co Ltd (000932)?
The net margin of Hunan Valin Steel Co Ltd is 0.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hunan Valin Steel Co Ltd (000932)?
The return on equity (ROE) of Hunan Valin Steel Co Ltd is 3.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hunan Valin Steel Co Ltd (000932)?
On an EBIT basis the return on assets of Hunan Valin Steel Co Ltd is 6.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hunan Valin Steel Co Ltd (000932)?
The operating margin of Hunan Valin Steel Co Ltd is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hunan Valin Steel Co Ltd (000932)?
Revenue at Hunan Valin Steel Co Ltd is growing −3.3% versus a year earlier (3y avg −10.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hunan Valin Steel Co Ltd (000932)?
Earnings per share at Hunan Valin Steel Co Ltd are growing −97.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hunan Valin Steel Co Ltd (000932) carry?
The net debt of Hunan Valin Steel Co Ltd is 3.8B CNY (fiscal year 2025, ≈ 8.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026