China Graphite Group Limited (2237) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of China Graphite Group Limited stock HK$0.24, price HK$0.18, upside +35.6%, quality 54 out of 100. Rating: undervalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
52‑month range HK$0.1590 – HK$1.81 · fair‑value band HK$0.2000 – HK$0.3200 · the HK$0.1770 price screens below the HK$0.2400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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China Graphite Group Limited engages in the production and sale of flake graphite concentrate and spherical graphite in the People's Republic of China.
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The company operates through two segments; Sale of Flake Graphite Concentrate, and Sale of Spherical Graphite and Its By-Products, and Unprocessed Marble.
It holds rights in the Beishan Mine, a graphite mine located in the northwest of Luobei County in Heilongjiang Province; and purchases unprocessed graphite from third-party suppliers.
The company sells its products to anode material for lithium-ion batteries, industrial manufacturers, and retailers of heat-resistant materials. The company was founded in 2002 and is headquartered in Hegang, the People's Republic of China.
China Graphite Group Limited operates as a subsidiary of Sandy Mining Limited.
Stock analysis
China Graphite Group Limited (2237) currently trades at HK$0.1770, while our model-based Fair Value estimate is HK$0.2400, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of HK$0.1550 per share, and 5 of the 21 models we run sit above the HK$0.1770 price.
Bear case: the Asset-Based group reads lowest at HK$0.0500, and 16 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.2000 (bear) to HK$0.3200 (bull), the price of HK$0.1770 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 54/100 (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.
China Graphite Group Limited reported revenue of 153M CNY in FY2025 versus 198M CNY in FY2021, a compound −6.3%/yr. Reported net income was 4.9M CNY in FY2025, compounding −44.9%/yr from FY2021.
Key figures
Market cap HK$283M (≈ $36.1M) Micro · P/E ratio 17.9 · P/S ratio 0.57 · Net margin 3.2% · Return on equity 1.6% · Return on assets (EBIT) 8.0% (5-year average) · Operating margin −26.4% · Revenue (TTM) 146M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 55% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at 36%, 2237 screens cheaper than that median.
Fair Value models
BearHK$0.2000Fair Value HK$0.2400BullHK$0.3200
Price HK$0.1770 · Upside +35.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCFHK$0.1100HK$0.1400HK$0.190080
Growth DCFHK$0.1100HK$0.1400HK$0.190077
Residual IncomeHK$0.2000HK$0.2100HK$0.220076
All 21 models by family
DCF Models
FCF DCFHK$0.1100HK$0.1400HK$0.190080
5Y Revenue ExitHK$0.1000HK$0.1200HK$0.160071
5Y EBITDA ExitHK$0.1600HK$0.2400HK$0.330073
5Y P/E ExitHK$0.0900HK$0.1100HK$0.130069
10Y Revenue ExitHK$0.1000HK$0.1200HK$0.140066
10Y EBITDA ExitHK$0.1400HK$0.1900HK$0.250067
10Y P/E ExitHK$0.1000HK$0.1100HK$0.130063
Earnings-Based
Graham-DoddHK$0.0200HK$0.0300HK$0.040066
EPVHK$0.0900HK$0.1000HK$0.100070
Multiples
P/E MultipleHK$0.0500HK$0.0600HK$0.080063
P/S MultipleHK$0.0500HK$0.0600HK$0.080058
P/B MultipleHK$0.7000HK$0.9300HK$1.1655
EV/EBITHK$0.0300HK$0.0600HK$0.080061
EV/EBITDAHK$0.1500HK$0.2100HK$0.280064
EV/RevenueHK$0.0300HK$0.0500HK$0.080049
Asset-Based
NCAV (Graham)HK$0.0300HK$0.0500HK$0.060052
Growth DCF
Growth DCFHK$0.1100HK$0.1400HK$0.190077
Rev-Margin DCFHK$0.1000HK$0.1300HK$0.160071
Economic Profit
Residual IncomeHK$0.2000HK$0.2100HK$0.220076
ROIC CompounderHK$0.0900HK$0.1000HK$0.100070
Growth Earnings
Growth-Adj P/EHK$0.0300HK$0.0500HK$0.060067
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.4%
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.
−17.6%
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.
−2.0%
Start year 2020 (pandemic)
Revenue growth 6 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.
+3.6%
’19
’20
’21
’22
’23
’24
’25
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.
−33.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.2%
Dividend (yield on the price)0.0%
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.29% → 6%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +16.2% a year for the price.
Compare China Graphite Group Limited 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 · 372 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+41.2% · Top 25%
Profitability
Return on equity (12 months)1.6% · Above median
Return on assets0.8% · Above median
Net margin (12 months)4.7% · Below median
Operating margin (12 months)−26.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−17.4% · Bottom 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/E (12 months)17.9× · Pricier than median
P/B0.52× · Cheapest 25%
P/S (12 months)1.59× · Cheaper than median
Price / free cash flow (fiscal year)29.4× · Pricier than median
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). "China Graphite Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/2237
Frequently asked questions
Is China Graphite Group Limited (2237) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of HK$0.2400 versus a price of HK$0.1770, about +36% upside (undervalued).
What is the fair value of 2237?
Our model-based fair value for China Graphite Group Limited is HK$0.2400 (as of Nov 3, 2026), built from audited fundamentals. The current price: HK$0.1770.
What is the quality score of 2237?
China Graphite Group Limited has a Quality Score of 54/100. 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 China Graphite Group Limited (2237)?
Our model-based price target is the fair value of HK$0.2400 (as of Nov 3, 2026) from 21 valuation models. Cautious scenario HK$0.2000, optimistic scenario HK$0.3200. It is a calculation from audited fundamentals, not an analyst target.
What is the China Graphite Group Limited stock forecast for 2026?
Our models put fair value at HK$0.2400, about +36% upside versus a price of HK$0.1770 (undervalued). Cautious scenario HK$0.2000, optimistic scenario HK$0.3200. The calculation is refreshed regularly with new filings.
What is the revenue of China Graphite Group Limited (2237)?
China Graphite Group Limited reported trailing-twelve-month revenue of about 146M CNY (latest available figure, as of Nov 3, 2026).
What growth is priced into China Graphite Group Limited (2237)?
For today's price to be fair in a discounted-cash-flow model, China Graphite Group Limited would have to grow free cash flow by +18.1 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.0 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 2237 use?
Our models discount China Graphite Group Limited at 9.0 %: a base by market capitalisation (nano), damped by beta 0.13, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For China Graphite Group Limited that is +18.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has China Graphite Group Limited (2237) delivered so far?
Over the past 5 years revenue at China Graphite Group Limited grew -2.0 % a year. The price currently implies free-cash-flow growth of +18.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of China Graphite Group Limited (2237) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into China Graphite Group Limited (+18.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of China Graphite Group Limited (2237)?
The free-cash-flow yield on the price is 3.27 %: that much free cash flow China Graphite Group Limited produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of China Graphite Group Limited (2237)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Graphite Group Limited it is HK$0.2400 per share (as of Nov 3, 2026), against a price of HK$0.1770. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is China Graphite Group Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 2237 trades below its calculated fair value: price HK$0.1770, fair value HK$0.2400, a gap of about +36% (undervalued). 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 2237?
No. The price is what the market pays today (HK$0.1770); the fair value is what the company's own numbers justify (HK$0.2400). For China Graphite Group Limited the two are HK$0.0630 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Graphite Group Limited worth?
The market values China Graphite Group Limited at about HK$283M (market capitalisation, as of Nov 3, 2026). Per share that is HK$0.1770; our models calculate a fair value of HK$0.2400 per share.
What do the bullish and bearish scenarios say about 2237?
Our models span a range for China Graphite Group Limited: cautious scenario HK$0.2000, base HK$0.2400, optimistic HK$0.3200 per share (as of Nov 3, 2026, price HK$0.1770). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2237?
China Graphite Group Limited trades at a price-to-earnings ratio of 17.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.2400 is built from several models across several years. Other multiples: P/B 0.5, P/S 1.6, EV/EBITDA 6.1.
How solid is the balance sheet of China Graphite Group Limited (2237)?
Balance-sheet figures for China Graphite Group Limited (as of Nov 3, 2026): return on equity 1.6%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 2237 from its 52-week high?
China Graphite Group Limited trades at HK$0.1770, about 55% below its 52-week high of HK$0.3900 and 11% above the low of HK$0.1590 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2400 is for.
Which stocks are comparable to China Graphite Group Limited?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc 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 China Graphite Group Limited stock attractive at the current price?
The data as of Nov 3, 2026: price HK$0.1770, calculated fair value HK$0.2400 (+36%), Quality Score 54/100, from 21 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 2237 calculated?
We run China Graphite Group Limited through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$0.2400 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. China Graphite Group Limited currently trades 26% below its own fair value, and the market average says nothing about that. 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 China Graphite Group Limited (2237)?
The closing price on Nov 9, 2026 was HK$0.1770. Our model-based fair value is HK$0.2400, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Graphite Group Limited right now?
The price is below even our cautious bear case (HK$0.2000). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of China Graphite Group Limited
How large is the market capitalisation of China Graphite Group Limited (2237)?
The market capitalisation of China Graphite Group Limited is HK$283M (≈ $36.1M). 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 China Graphite Group Limited (2237)?
The price-to-sales ratio of China Graphite Group Limited is 0.57 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of China Graphite Group Limited (2237)?
The net margin of China Graphite Group Limited is 3.2% (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 China Graphite Group Limited (2237)?
The return on equity (ROE) of China Graphite Group Limited is 1.6% (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 China Graphite Group Limited (2237)?
On an EBIT basis the return on assets of China Graphite Group Limited is 8.0% (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 China Graphite Group Limited (2237)?
The operating margin of China Graphite Group Limited is −26.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Graphite Group Limited (2237)?
Revenue at China Graphite Group Limited is growing −17.4% versus a year earlier (3y avg −17.6%). 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 China Graphite Group Limited (2237)?
Earnings per share at China Graphite Group Limited are growing +352% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does China Graphite Group Limited (2237) carry?
The net debt of China Graphite Group Limited is 44.6M CNY (fiscal year 2025, ≈ 5.7 yrs of FCF). 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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Thin data
Nov 3, 2026