Sichuan Anning Iron and Titanium Co (002978) Fair Value & Analysis
Basic Materials · CN · Market cap 13.0B CNY
Fair value as of: Jul 22, 2026
From 16 valuation models · updated 19 days ago
Share price +3.7% over the past month.
Below-average quality, and screening another 28% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥25.02). 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.
- A fairly wide model range (¥13.47 to ¥25.02) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range ¥22.96 – ¥55.97 · fair‑value band ¥13.47 – ¥25.02 · the ¥26.86 price screens above the ¥19.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Sichuan Anning Iron and Titanium Co (002978) currently trades at ¥26.86, while our model-based Fair Value estimate is ¥19.24, implying the stock looks roughly 28.4% overvalued today. The Quality Score stands at 33/100 (below-average 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).
Over the trailing twelve months, Sichuan Anning Iron and Titanium Co generated revenue of 2.0B CNY at a net margin of 32.8%. Revenue declined 8.8% year over year. It earns a return on equity of 7.4%. Net debt stands at 2.1B CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥13.47 (bear case) to ¥25.02 (bull case); at ¥26.86, the current price sits above 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 38% below its 52-week high and 6% 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 -28%, 002978 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 16 models by family
Widest divergence: Growth Earnings (¥22.64) versus Earnings-Based (¥8.34). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 31
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sichuan Anning Iron and Titanium Co reported revenue of ¥2.0B in FY2025 versus ¥2.3B in FY2021, a compound −3.4%/yr. Reported net income was ¥720M in FY2025, compounding −15.8%/yr from FY2021.
002978 screens 28% overvalued. Compare with BHP Group →
Peer Group
Other Industrial Metals & Mining · 476 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 Other Industrial Metals & Mining 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.
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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHPN | 1,425 MXN | 942.42 MXN | -34% |
| Rio Tinto Group RIO | A$164.89 | A$81.76 | -50% |
| Grupo México, S.A. GMEXICOB | 199.23 MXN | 187.72 MXN | -6% |
| Vale S.A VALE | $14.19 | $9.14 | -36% |
| Saudi Arabian Mining Company 1211 | 58.05 SAR | 33.87 SAR | -42% |
| CMOC Group 603993 | ¥18.20 | ¥16.15 | -11% |
| Fortescue Ltd FMG | A$18.47 | A$18.62 | +1% |
| China Tungsten And Hightech Materials Co 000657 | ¥74.71 | ¥9.55 | -87% |
| Hindustan Zinc Limited HINDZINC | ₹521.95 | ₹576.80 | +11% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥39.56 | ¥10.59 | -73% |
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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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