Angang Steel (0347) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Angang Steel HK$0.98, price HK$1.18, upside -16.6%, quality 43 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 27, 2026.
How to read this chart
60‑month range HK$1.01 – HK$6.30 · fair‑value band HK$0.6000 – HK$1.34 · the HK$1.18 price screens above the HK$0.9800 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People's Republic of China and internationally.
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Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People's Republic of China and internationally. Its principal products include hot rolled sheets, medium and high sheets, cold rolled sheets, galvanized steel sheets, color coating sheets, cold rolled silicon steel, heavy rails and profiles, seamless steel pipes, and wire rods. The company also engages in ferrous metal smelting and steel rolling processing activities. In addition, it sells metal materials and products, and building materials, etc.; and purchases and sells metal and other materials, as well as imports, exports, wholesales, and retails steel and goods. Further, the company engages in the production of metal wire ropes, coal chemical, coking and chemical products, and products and dissolved acetylene; and sale of compressed and liquefied gas. Additionally, it engages in e-commerce transactions of industrial products; provision of consulting and logistics distribution technology services; sales of equipment for gas and liquid separation and purification; supply chain financial services; processing and sale of steel and steel coils; and steel trade activities. Its products are used in various industries, such as machinery, metallurgy, petroleum, chemical, coal, electricity, railway, ship, automobile, construction, home appliances, and aviation industries. The company was formerly known as Angang New Steel Company Limited and changed its name to Angang Steel Company Limited in June 2006. Angang Steel Company Limited was founded in 1997 and is headquartered in Anshan, China. Angang Steel Company Limited is a subsidiary of Anshan Iron & Steel Co. Ltd.
Stock analysis
Angang Steel (0347) currently trades at HK$1.18, while our model-based Fair Value estimate is HK$0.9800, 16.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$3.67 per share, and 1 of the 4 models we run sit above the HK$1.18 price.
Bear case: the Multiples group reads lowest at HK$0.4100, and 3 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.6000 (bear) to HK$1.34 (bull), the price of HK$1.18 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 43/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Angang Steel reported revenue of 96.1B CNY in FY2025 versus 137B CNY in FY2021, a compound −8.4%/yr. Reported net income was −4.1B CNY in FY2025.
Key figures
Market cap HK$11.0B (≈ $1.4B) · P/S ratio 0.11 · EPS (TTM) HK$−0.4446 · Dividend yield 3.3% · Net margin −4.2% · Return on equity −10.6% · Return on assets (EBIT) −1.3% · Operating margin −5.5%.
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 51% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at −17%, 0347 screens cheaper than that median.
Fair Value models
Bear HK$0.6000Fair Value HK$0.9800Bull HK$1.34
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.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.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.2/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.6%
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.
−9.8%
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.
−1.0%
Start year 2020 (pandemic). Over 10 years: +6.2% a year
Revenue growth 31 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.
+10.5%
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Profit margin (trend) ⓘ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.
3.7% (2020) → −4.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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 · 404 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−16.6% · Below median
Profitability
Return on assets−3.2% · Bottom 25%
Net margin (TTM)−5.4% · Bottom 25%
Operating margin (TTM)−5.5% · Bottom 25%
Growth and dividend
Revenue growth−12.2% · Bottom 25%
Dividend yield (TTM)3.3% · Above median
Balance sheet
Debt / equity0.14× · 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). "Angang Steel Fair Value". https://www.fairvalue-calculator.com/stock/0347
Frequently asked questions
Is Angang Steel (0347) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.9800 versus a price of HK$1.18, about −17% upside (overvalued).
What is the fair value of 0347?
Our model-based fair value for Angang Steel is HK$0.9800 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$1.18.
What is the quality score of 0347?
Angang Steel has a Quality Score of 43/100. 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 Angang Steel (0347)?
Our model-based price target is the fair value of HK$0.9800 (as of Sep 27, 2026) from 4 valuation models. Cautious scenario HK$0.6000, optimistic scenario HK$1.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Angang Steel stock forecast for 2026?
Our models put fair value at HK$0.9800, about −17% upside versus a price of HK$1.18 (overvalued). Cautious scenario HK$0.6000, optimistic scenario HK$1.34. The calculation is refreshed regularly with new filings.
What is the revenue of Angang Steel (0347)?
Angang Steel reported trailing-twelve-month revenue of about 93.0B CNY (latest available figure, as of Sep 27, 2026).
Does Angang Steel pay a dividend?
Angang Steel currently shows a dividend yield of about 3.25% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Angang Steel (0347)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Angang Steel it is HK$0.9800 per share (as of Sep 27, 2026), against a price of HK$1.18. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Angang Steel stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 0347 trades above its calculated fair value: price HK$1.18, fair value HK$0.9800, a gap of about −17% (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 0347?
No. The price is what the market pays today (HK$1.18); the fair value is what the company's own numbers justify (HK$0.9800). For Angang Steel the two are HK$0.1950 per share apart. That gap is exactly why we show both numbers side by side.
How much is Angang Steel worth?
The market values Angang Steel at about HK$11.0B (market capitalisation, as of Sep 27, 2026). Per share that is HK$1.18; our models calculate a fair value of HK$0.9800 per share.
What do the bullish and bearish scenarios say about 0347?
Our models span a range for Angang Steel: cautious scenario HK$0.6000, base HK$0.9800, optimistic HK$1.34 per share (as of Sep 27, 2026, price HK$1.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 0347?
The PEG ratio of Angang Steel is 1.12 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Angang Steel (0347)?
Balance-sheet figures for Angang Steel (as of Sep 27, 2026): return on equity −10.6%, debt of 0.14 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 0347 from its 52-week high?
Angang Steel trades at HK$1.18, about 51% below its 52-week high of HK$2.39 and 9% above the low of HK$1.08 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.9800 is for.
Which stocks are comparable to Angang Steel?
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 Angang Steel stock attractive at the current price?
The data as of Sep 27, 2026: price HK$1.18, calculated fair value HK$0.9800 (−17%), Quality Score 43/100, from 4 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 0347 calculated?
We run Angang Steel through 4 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 HK$0.9800, 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 14.7 % above its aggregate fair value. Angang Steel 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 Angang Steel (0347)?
The closing price on Sep 30, 2026 was HK$1.18. Our model-based fair value is HK$0.9800, about −17% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Angang Steel right now?
Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (HK$0.6000 to HK$1.34) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Angang Steel
How large is the market capitalisation of Angang Steel (0347)?
The market capitalisation of Angang Steel is HK$11.0B (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Angang Steel (0347)?
The price-to-sales ratio of Angang Steel is 0.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Angang Steel (0347)?
Earnings per share at Angang Steel are HK$−0.4446. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Angang Steel (0347)?
The dividend yield of Angang Steel is 3.3%. 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 Angang Steel (0347)?
The net margin of Angang Steel is −4.2% (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 Angang Steel (0347)?
The return on equity (ROE) of Angang Steel is −10.6% (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 Angang Steel (0347)?
On an EBIT basis the return on assets of Angang Steel is −1.3% (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 Angang Steel (0347)?
The operating margin of Angang Steel is −5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Angang Steel (0347)?
Revenue at Angang Steel is growing −12.2% versus a year earlier (3y avg −9.8%). 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 Angang Steel (0347)?
Earnings per share at Angang Steel are growing −93.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Angang Steel (0347) generate?
The free cash flow of Angang Steel is −2.8B 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 Angang Steel (0347) carry?
The net debt of Angang Steel is 10.3B 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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