Lygend Resources & Tech Co (2245) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lygend Resources & Tech Co HK$22.84, price HK$19.57, upside +16.7%, quality 51 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 24, 2026.
How to read this chart
46‑month range HK$4.07 – HK$28.16 · fair‑value band HK$15.42 – HK$38.99 · the HK$19.57 price screens below the HK$22.84 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Lygend Resources & Technology Co., Ltd., together with its subsidiaries, engages in the production, smelting, and trading of nickel products in Mainland China and internationally. It provides nickel ores, ferronickel, mixed hydroxide precipitates, cobalt sulfates, and electrodeposited cobalts.
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Lygend Resources & Technology Co., Ltd., together with its subsidiaries, engages in the production, smelting, and trading of nickel products in Mainland China and internationally. It provides nickel ores, ferronickel, mixed hydroxide precipitates, cobalt sulfates, and electrodeposited cobalts. The company also manufactures, exports, and sells machinery and equipment for core smelting, including ferronickel furnaces, submerged arc furnaces, and electric arc furnaces, etc.; provides technical support; and trades in laterite nickel ore, send, and ferronickel. In addition, it offers new energy technological development; logistics and shipping services; project management; industrial real estate business services; and business management services. The company was incorporated in 2009 and is headquartered in Ningbo, China.
Stock analysis
Lygend Resources & Tech Co (2245) currently trades at HK$19.57, while our model-based Fair Value estimate is HK$22.84, implying the stock looks roughly 14.3% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$79.08 per share, and 21 of the 25 models we run sit above the HK$19.57 price.
Bear case: the Asset-Based group reads lowest at HK$5.48, and 4 of the 25 models stay below the price. Evidence for this calculation is medium.
Scenario range: HK$15.42 (bear) to HK$38.99 (bull), the price of HK$19.57 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 51/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lygend Resources & Tech Co reported revenue of 40.2B CNY in FY2025 versus 12.4B CNY in FY2021, a compound +34.1%/yr. Reported net income was 2.9B CNY in FY2025, compounding +27.0%/yr from FY2021.
Key figures
Market cap HK$30.4B (≈ $3.9B) · P/E ratio 9.1 · P/S ratio 0.65 · EPS (TTM) HK$2.15 · Dividend yield 3.1% · Net margin 7.1% · Return on equity 24.6% · Return on assets (EBIT) 11.3%.
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 31% below its 52-week high and 90% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 17%, 2245 screens cheaper than that median.
Fair Value models
Bear HK$15.42Fair Value HK$22.84Bull HK$38.99
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.2350 per share) are deliberately not added.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.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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+37.7%
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.
+30.1%
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.
+39.0%
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.
+27.5%
’19
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+38.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.8%
Dividend (yield on the price)3.1%
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.9% → 16%
2025 sits 61% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less 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).
+11.7%
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 +9.8% a year for the price.
Compare Lygend Resources & Tech Co 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 · 457 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Top 25%
Fair Value upside+17% · Top 25%
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)15% · Above median
Growth and dividend
Revenue growth20% · Above median
Dividend yield (TTM)3.1% · Above median
Balance sheet
Debt / equity0.78× · Highest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Lygend Resources & Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/2245
Frequently asked questions
Is Lygend Resources & Tech Co (2245) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$22.84 versus a price of HK$19.57, about +17% upside (undervalued).
What is the fair value of 2245?
Our model-based fair value for Lygend Resources & Tech Co is HK$22.84 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$19.57.
What is the quality score of 2245?
Lygend Resources & Tech Co has a Quality Score of 51/100. 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 Lygend Resources & Tech Co (2245)?
Our model-based price target is the fair value of HK$22.84 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario HK$15.42, optimistic scenario HK$38.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Lygend Resources & Tech Co stock forecast for 2026?
Our models put fair value at HK$22.84, about +17% upside versus a price of HK$19.57 (undervalued). Cautious scenario HK$15.42, optimistic scenario HK$38.99. The calculation is refreshed regularly with new filings.
What is the revenue of Lygend Resources & Tech Co (2245)?
Lygend Resources & Tech Co reported trailing-twelve-month revenue of about 40.2B CNY (latest available figure, as of Sep 24, 2026).
Does Lygend Resources & Tech Co pay a dividend?
Lygend Resources & Tech Co currently shows a dividend yield of about 3.07% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Lygend Resources & Tech Co (2245)?
For today's price to be fair in a discounted-cash-flow model, Lygend Resources & Tech Co would have to grow free cash flow by +11.7 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +39.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2245 use?
Our models discount Lygend Resources & Tech Co at 10.3 %: a base by market capitalisation (mid), 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 Lygend Resources & Tech Co that is +11.7 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Lygend Resources & Tech Co (2245) delivered so far?
Over the past 5 years revenue at Lygend Resources & Tech Co grew +39.0 % a year. The price currently implies +11.7 % per year free-cash-flow growth a 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 Lygend Resources & Tech Co (2245) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Lygend Resources & Tech Co (+11.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lygend Resources & Tech Co (2245)?
The free-cash-flow yield on the price is 6.43 %: that much free cash flow Lygend Resources & Tech Co produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lygend Resources & Tech Co (2245)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lygend Resources & Tech Co it is HK$22.84 per share (as of Sep 24, 2026), against a price of HK$19.57. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Lygend Resources & Tech Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2245 trades below its calculated fair value: price HK$19.57, fair value HK$22.84, a gap of about +17% (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 2245?
No. The price is what the market pays today (HK$19.57); the fair value is what the company's own numbers justify (HK$22.84). For Lygend Resources & Tech Co the two are HK$3.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lygend Resources & Tech Co worth?
The market values Lygend Resources & Tech Co at about HK$30.4B (market capitalisation, as of Sep 24, 2026). Per share that is HK$19.57; our models calculate a fair value of HK$22.84 per share.
What do the bullish and bearish scenarios say about 2245?
Our models span a range for Lygend Resources & Tech Co: cautious scenario HK$15.42, base HK$22.84, optimistic HK$38.99 per share (as of Sep 24, 2026, price HK$19.57). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2245?
Lygend Resources & Tech Co trades at a price-to-earnings ratio of 9.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$22.84 is built from several models across several years. Other multiples: P/B 2.0, P/S 0.6, EV/EBITDA 3.5.
How solid is the balance sheet of Lygend Resources & Tech Co (2245)?
Balance-sheet figures for Lygend Resources & Tech Co (as of Sep 24, 2026): return on equity 24.6%, debt of 0.78 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 2245 from its 52-week high?
Lygend Resources & Tech Co trades at HK$19.57, about 31% below its 52-week high of HK$28.16 and 90% above the low of HK$10.28 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$22.84 is for.
Which stocks are comparable to Lygend Resources & Tech Co?
From the same area (Basic Materials) we also value Vale S.A, Saudi Arabian Mining Company, CMOC Group, China Tungsten And Hightech Materials Co, 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 Lygend Resources & Tech Co stock attractive at the current price?
The data as of Sep 24, 2026: price HK$19.57, calculated fair value HK$22.84 (+17%), Quality Score 51/100, from 25 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 2245 calculated?
We run Lygend Resources & Tech Co through 25 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$22.84, 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 13.0 % above its aggregate fair value. Lygend Resources & Tech Co currently trades 17 % 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 Lygend Resources & Tech Co (2245)?
The closing price on Sep 24, 2026 was HK$19.57. Our model-based fair value is HK$22.84, about +17% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lygend Resources & Tech Co right now?
A fairly wide model range (HK$15.42 to HK$38.99) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Lygend Resources & Tech Co
How large is the market capitalisation of Lygend Resources & Tech Co (2245)?
The market capitalisation of Lygend Resources & Tech Co is HK$30.4B (≈ $3.9B). 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 Lygend Resources & Tech Co (2245)?
The price-to-sales ratio of Lygend Resources & Tech Co is 0.65 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lygend Resources & Tech Co (2245)?
Earnings per share at Lygend Resources & Tech Co are HK$2.15 (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lygend Resources & Tech Co (2245)?
The dividend yield of Lygend Resources & Tech Co is 3.1% (payout 28.0%). 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 Lygend Resources & Tech Co (2245)?
The net margin of Lygend Resources & Tech Co is 7.1% (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 Lygend Resources & Tech Co (2245)?
The return on equity (ROE) of Lygend Resources & Tech Co is 24.6% (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 Lygend Resources & Tech Co (2245)?
On an EBIT basis the return on assets of Lygend Resources & Tech Co is 11.3% (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 Lygend Resources & Tech Co (2245)?
The operating margin of Lygend Resources & Tech Co is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lygend Resources & Tech Co (2245)?
Revenue at Lygend Resources & Tech Co is growing +20.4% versus a year earlier (3y avg +30.1%). 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 Lygend Resources & Tech Co (2245)?
Earnings per share at Lygend Resources & Tech Co are growing +20.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lygend Resources & Tech Co (2245) carry?
The net debt of Lygend Resources & Tech Co is 8.8B CNY (fiscal year 2025, ≈ 5.2 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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