Sichuan Anning Iron and Titanium Co (002978) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Sichuan Anning Iron and Titanium Co ¥14.06, price ¥25.20, upside -44.2%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥22.96 – ¥55.97 · fair‑value band ¥13.04 – ¥16.67 · the ¥25.20 price screens above the ¥14.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Sichuan Anning Iron and Titanium Co.,Ltd. engages in the mining, washing, and sale of mechanical titanium magnetite in China. The company offers titanium concentrate and its utilization products used for aviation, energy, biomedicine, petrochemical, shipbuilding, consumer goods, marine engineering, construction and outdoor sports product applications.
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Sichuan Anning Iron and Titanium Co.,Ltd. engages in the mining, washing, and sale of mechanical titanium magnetite in China. The company offers titanium concentrate and its utilization products used for aviation, energy, biomedicine, petrochemical, shipbuilding, consumer goods, marine engineering, construction and outdoor sports product applications. It also provides vanadium-titanium iron concentrate used in the steel industry and energy storage applications. The company was founded in 1994 and is headquartered in Panzhihua, China.
Stock analysis
Sichuan Anning Iron and Titanium Co (002978) currently trades at ¥25.20, while our model-based Fair Value estimate is ¥14.06, implying the stock looks roughly 79.2% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥22.64 per share, and 3 of the 16 models we run sit above the ¥25.20 price.
Bear case: the Earnings-Based group reads lowest at ¥8.34, and 13 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: ¥13.04 (bear) to ¥16.67 (bull), the price of ¥25.20 sits above 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 33/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sichuan Anning Iron and Titanium Co reported revenue of 2.0B CNY in FY2025 versus 2.3B CNY in FY2021, a compound −3.4%/yr. Reported net income was 720M CNY in FY2025, compounding −15.8%/yr from FY2021.
Key figures
Market cap 13.0B CNY (≈ $1.9B) · P/E ratio 18.5 · P/S ratio 6.64 · EPS (TTM) ¥1.36 · Dividend yield 2.2% · Net margin 35.8% · Return on equity 7.4% · Return on assets (EBIT) 16.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 41% 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 10% fair-value upside, at −44%, 002978 screens richer than that median.
Fair Value models
Bear ¥13.04Fair Value ¥14.06Bull ¥16.67
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.9948 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.2%
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.
+0.2%
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.
+4.2%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 11 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.
+8.3%
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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.
−0.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.7%
Dividend (yield on the price)2.2%
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.−3% vs 14%, 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.50% → 46%
Compare Sichuan Anning Iron and Titanium Co 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.Other Industrial Metals & Mining · 458 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score33 · Below median
Fair Value upside−44% · Below median
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Top 25%
Net margin (TTM)33% · Top 25%
Operating margin (TTM)43% · Top 25%
Growth and dividend
Revenue growth−9% · Below median
Dividend yield (TTM)2.2% · Above median
Balance sheet
Debt / equity0.43× · Highest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/E (TTM)18.5× · Pricier than median
P/B1.51× · Cheaper than median
P/S (TTM)6.63× · Pricier than median
EV/EBITDA13.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 38
PAST (return on equity)30· sector 0
HEALTH (low debt)79· sector 95
DIVIDEND (yield)44· sector 29
VALUE 0: the price sits above our fair-value range.
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). "Sichuan Anning Iron and Titanium Co Fair Value". https://www.fairvalue-calculator.com/stock/002978
Frequently asked questions
Is Sichuan Anning Iron and Titanium Co (002978) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥14.06 versus a price of ¥25.20, about −44% upside (overvalued).
What is the fair value of 002978?
Our model-based fair value for Sichuan Anning Iron and Titanium Co is ¥14.06 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥25.20.
What is the quality score of 002978?
Sichuan Anning Iron and Titanium Co has a Quality Score of 33/100. 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 Sichuan Anning Iron and Titanium Co (002978)?
Our model-based price target is the fair value of ¥14.06 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario ¥13.04, optimistic scenario ¥16.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Sichuan Anning Iron and Titanium Co stock forecast for 2026?
Our models put fair value at ¥14.06, about −44% upside versus a price of ¥25.20 (overvalued). Cautious scenario ¥13.04, optimistic scenario ¥16.67. The calculation is refreshed regularly with new filings.
What is the revenue of Sichuan Anning Iron and Titanium Co (002978)?
Sichuan Anning Iron and Titanium Co reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Sep 24, 2026).
Does Sichuan Anning Iron and Titanium Co pay a dividend?
Sichuan Anning Iron and Titanium Co currently shows a dividend yield of about 2.19% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Sichuan Anning Iron and Titanium Co (002978)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sichuan Anning Iron and Titanium Co it is ¥14.06 per share (as of Sep 24, 2026), against a price of ¥25.20. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Sichuan Anning Iron and Titanium Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 002978 trades above its calculated fair value: price ¥25.20, fair value ¥14.06, a gap of about −44% (overvalued). 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 002978?
No. The price is what the market pays today (¥25.20); the fair value is what the company's own numbers justify (¥14.06). For Sichuan Anning Iron and Titanium Co the two are ¥11.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sichuan Anning Iron and Titanium Co worth?
The market values Sichuan Anning Iron and Titanium Co at about 13.0B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥25.20; our models calculate a fair value of ¥14.06 per share.
What do the bullish and bearish scenarios say about 002978?
Our models span a range for Sichuan Anning Iron and Titanium Co: cautious scenario ¥13.04, base ¥14.06, optimistic ¥16.67 per share (as of Sep 24, 2026, price ¥25.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002978?
Sichuan Anning Iron and Titanium Co trades at a price-to-earnings ratio of 18.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥14.06 is built from several models across several years. Other multiples: P/B 1.5, P/S 6.6, EV/EBITDA 13.3.
How solid is the balance sheet of Sichuan Anning Iron and Titanium Co (002978)?
Balance-sheet figures for Sichuan Anning Iron and Titanium Co (as of Sep 24, 2026): return on equity 7.4%, debt of 0.43 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 002978 from its 52-week high?
Sichuan Anning Iron and Titanium Co trades at ¥25.20, about 41% below its 52-week high of ¥42.67 and 2% above the low of ¥24.71 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥14.06 is for.
Which stocks are comparable to Sichuan Anning Iron and Titanium Co?
From the same area (Basic Materials) we also value Vale S.A, Saudi Arabian Mining Company, CMOC Group, Fortescue Ltd, 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 Sichuan Anning Iron and Titanium Co stock attractive at the current price?
The data as of Sep 24, 2026: price ¥25.20, calculated fair value ¥14.06 (−44%), Quality Score 33/100, from 16 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 002978 calculated?
We run Sichuan Anning Iron and Titanium Co through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥14.06, 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 14.1 % above its aggregate fair value. Sichuan Anning Iron and Titanium Co itself currently trades above fair value. 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 Sichuan Anning Iron and Titanium Co (002978)?
The closing price on Sep 22, 2026 was ¥25.20. Our model-based fair value is ¥14.06, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sichuan Anning Iron and Titanium Co right now?
The price sits above even our optimistic bull case (¥16.67). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Sichuan Anning Iron and Titanium Co (002978) come from?
Earnings per share at Sichuan Anning Iron and Titanium Co grew +24.2 % a year from 2014 to 2024. Broken into its drivers: revenue per share +6.8 %, EBIT margin +16.4 %, tax rate +0.3 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sichuan Anning Iron and Titanium Co
How large is the market capitalisation of Sichuan Anning Iron and Titanium Co (002978)?
The market capitalisation of Sichuan Anning Iron and Titanium Co is 13.0B CNY (≈ $1.9B). 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 Sichuan Anning Iron and Titanium Co (002978)?
The price-to-sales ratio of Sichuan Anning Iron and Titanium Co is 6.64 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sichuan Anning Iron and Titanium Co (002978)?
Earnings per share at Sichuan Anning Iron and Titanium Co are ¥1.36 (price ÷ EPS = P/E 18.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sichuan Anning Iron and Titanium Co (002978)?
The dividend yield of Sichuan Anning Iron and Titanium Co is 2.2% (payout 40.7%). 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 Sichuan Anning Iron and Titanium Co (002978)?
The net margin of Sichuan Anning Iron and Titanium Co is 35.8% (fiscal year 2025). 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 Sichuan Anning Iron and Titanium Co (002978)?
The return on equity (ROE) of Sichuan Anning Iron and Titanium Co is 7.4% (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 Sichuan Anning Iron and Titanium Co (002978)?
On an EBIT basis the return on assets of Sichuan Anning Iron and Titanium Co is 16.2% (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 Sichuan Anning Iron and Titanium Co (002978)?
The operating margin of Sichuan Anning Iron and Titanium Co is 43.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sichuan Anning Iron and Titanium Co (002978)?
Revenue at Sichuan Anning Iron and Titanium Co is growing −8.8% versus a year earlier (3y avg +0.2%). 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 Sichuan Anning Iron and Titanium Co (002978)?
Earnings per share at Sichuan Anning Iron and Titanium Co are growing −33.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sichuan Anning Iron and Titanium Co (002978) generate?
The free cash flow of Sichuan Anning Iron and Titanium Co is −580M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sichuan Anning Iron and Titanium Co (002978) carry?
The net debt of Sichuan Anning Iron and Titanium Co is 2.1B CNY (fiscal year 2025). 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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