Shougang Fushan Resources Group Ltd (0639) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Shougang Fushan Resources Group Ltd HK$4.36, price HK$2.73, upside +60.0%, quality 58 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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Shougang Fushan Resources Group Ltd
0639 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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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$1.12 – HK$3.45 · fair‑value band HK$3.09 – HK$6.36 · the HK$2.73 price screens below the HK$4.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
Shougang Fushan Resources Group Limited, an investment holding company, engages in coking coal mining and the production and sale of coking coal products in the People's Republic of China.
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Shougang Fushan Resources Group Limited, an investment holding company, engages in coking coal mining and the production and sale of coking coal products in the People's Republic of China. The company owns and operates the Xingwu coal mine covering an area of approximately 11.6 square kilometers, the Jinjiazhuang coal mine covering an area of approximately 6.08 square kilometers, and the Zhaiyadi coal mine covering an area of approximately 13.9 square kilometers located in the Liulin County, Shanxi Province. It primarily serves steel manufacturers. The company was formerly known as Fushan International Energy Group Limited and changed its name to Shougang Fushan Resources Group Limited in May 2011. Shougang Fushan Resources Group Limited was incorporated in 1985 and is based in Wan Chai, Hong Kong.
Stock analysis
Shougang Fushan Resources Group Ltd (0639) currently trades at HK$2.73, while our model-based Fair Value estimate is HK$4.36, implying the stock looks roughly 37.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$5.35 per share, and 16 of the 24 models we run sit above the HK$2.73 price.
Bear case: the Economic Profit group reads lowest at HK$1.97, and 8 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$3.09 (bear) to HK$6.36 (bull), the price of HK$2.73 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 58/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shougang Fushan Resources Group Ltd reported revenue of HK$5.1B in FY2025 versus HK$7.1B in FY2021, a compound −8.1%/yr. Reported net income was HK$632M in FY2025, compounding −29.3%/yr from FY2021.
Key figures
Market cap HK$13.9B (≈ $1.8B) · P/E ratio 21.9 · P/S ratio 2.74 · EPS (TTM) HK$0.1242 · Dividend yield 5.9% · Net margin 12.5% · Return on equity 4.0% · Return on assets (EBIT) 12.5%.
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 21% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −55% fair-value upside, at 60%, 0639 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 51
Revenue & earnings trend
Growth Forecast
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Compare Shougang Fushan Resources 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.Coking Coal · 27 stocks
Valuation Multiplesvs Coking Coal 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 Coking Coal stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Warrior Met Coal, Inc HCC | $89.51 | $14.38 | −84% |
| PT Alamtri Minerals Indonesia Tbk, ADMR | 1,525 IDR | 1,224 IDR | −20% |
| Shanxi Meijin Energy Co 000723 | ¥3.52 | ¥1.24 | −65% |
| Alpha Metallurgical Resources, Inc AMR | $174.43 | $46.26 | −73% |
| Shanxi Coking Co 600740 | ¥3.77 | ¥1.83 | −51% |
| Kailuan Energy Chemical Co 600997 | ¥5.14 | ¥3.06 | −40% |
| Ramaco Resources, Inc METC | $9.02 | $1.80 | −80% |
| Baotailong New Materials Co 601011 | ¥2.91 | ¥1.32 | −55% |
| SunCoke Energy, Inc SXC | $9.57 | $2.86 | −70% |
| Shandong Jinling Mining Co 000655 | ¥7.10 | ¥7.81 | +10% |
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Key figures of Shougang Fushan Resources Group Ltd
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