Tongguan Gold Group Ltd (0340) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tongguan Gold Group Ltd HK$2.97, price HK$2.60, upside +14.5%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Tongguan Gold Group Ltd
0340 · HKUndervaluedQuality growthThe stock appears undervalued with acceptable quality.
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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 HK$0.3079 – HK$3.84 · fair‑value band HK$1.81 – HK$6.70 · the HK$2.60 price screens below the HK$2.97 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Tongguan Gold Group Limited, an investment holding company, engages in gold mining operations in China. It is involved in sale of mine-produced gold, including gold concentrate, gold bullion, and related products; gold exploration, mining, processing, and smelting operations; gold recycling; and refining and sale of gold bullion.
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Tongguan Gold Group Limited, an investment holding company, engages in gold mining operations in China. It is involved in sale of mine-produced gold, including gold concentrate, gold bullion, and related products; gold exploration, mining, processing, and smelting operations; gold recycling; and refining and sale of gold bullion. The company was formerly known as China Mining Resources Group Limited and changed its name to Tongguan Gold Group Limited in April 2018. Tongguan Gold Group Limited is headquartered in Wan Chai, Hong Kong.
Stock analysis
Tongguan Gold Group Ltd (0340) currently trades at HK$2.60, while our model-based Fair Value estimate is HK$2.97, implying the stock looks roughly 12.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$6.74 per share, and 12 of the 26 models we run sit above the HK$2.60 price.
Bear case: the Asset-Based group reads lowest at HK$0.5000, and 14 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$1.81 (bear) to HK$6.70 (bull), the price of HK$2.60 sits inside 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 56/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tongguan Gold Group Ltd reported revenue of HK$2.4B in FY2025 versus HK$682M in FY2021, a compound +36.9%/yr. Reported net income was HK$830M in FY2025, compounding +56.4%/yr from FY2021.
Key figures
Market cap HK$11.5B (≈ $1.5B) · P/E ratio 9.6 · P/S ratio 3.34 · Dividend yield 1.2% · Net margin 34.7% · Return on equity 25.2% · Return on assets (EBIT) 6.7% · Operating margin 48.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 51% 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 14%, 0340 screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 54
Revenue & earnings trend
Growth Forecast
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Compare Tongguan Gold Group Ltd with another stock
Price, fair value, quality and upside side by side.
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.Gold · 238 stocks
Valuation Multiplesvs Gold median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEM | $121.30 | $133.43 | +10% |
| Zijin Mining Group 601899 | ¥30.01 | ¥44.45 | +48% |
| Agnico Eagle Mines Limited AEM | $194.48 | $219.71 | +13% |
| Barrick Mining Corporation B | $42.49 | $65.40 | +54% |
| Franco-Nevada Corporation FNV | $260.91 | $287.00 | +10% |
| Wheaton Precious Metals Corp WPM | $145.45 | $89.12 | −39% |
| AngloGold Ashanti plc AU | $104.60 | $88.63 | −15% |
| Zijin Gold International Company 2259 | HK$146.60 | HK$83.20 | −43% |
| Kinross Gold Corporation KGC | $27.62 | $51.30 | +86% |
| Royal Gold, Inc RGLD | $252.78 | $278.06 | +10% |
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Frequently asked questions
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Key figures of Tongguan Gold Group Ltd
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