Lygend Resources & Tech Co (2245) Fair Value & Analysis

Basic Materials · HK · Market cap HK$22.5B (≈ $2.9B)

What is Lygend Resources & Tech Co really worth?

LR Lygend Resources & Tech Co 2245 · HK

PriceHK$18.00

Fair ValueHK$102.85

Upside+471.4%

Quality51/100

A solid business, trading 82% below our fair value of HK$102.85.

As of Sep 1, 2026, the fair value of Lygend Resources & Tech Co is HK$102.85 per share against a price of HK$18.00, so the fair value sits 471% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

✓Healthy Growth (revenue 5y +39.0 %/yr)

✓Moderate debt · generates free cash flow

✓Ranks above peers (11/13)

Risks

!Thin margins · 7.1% net margin

!Moderate moat 61/100

For context

·3.33% dividend yield

Evidence: High Range HK$73.34 – HK$171.11

Fair value as of: Sep 1, 2026

From 25 valuation models · updated 5 days ago

Fair value updated Sep 1, 2026, revised from HK$36.31 to HK$102.85 (+183.3%) since Aug 13, 2026. Share price +28.6% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

The price is below even our cautious bear case (HK$73.34). The market is more pessimistic than our downside scenario.
Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
A fairly wide model range (HK$73.34 to HK$171.11) leaves room in how you read the outcome.

Price vs Fair Value (4 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

45‑month range HK$4.07 – HK$28.16 · fair‑value band HK$73.34 – HK$171.11 · the HK$18.00 price screens below the HK$102.85 fair value. Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Lygend Resources & Tech Co (2245) currently trades at HK$18.00, while our model-based Fair Value estimate is HK$102.85, implying the stock looks roughly 82.5% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of HK$223.43 per share, and 24 of the 25 models we run sit above the HK$18.00 price. Bear case: the Asset-Based group reads lowest at HK$15.49, and 1 of the 25 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Lygend Resources & Tech Co generated revenue of HK$40.2B at a net margin of 7.1%. Revenue grew 20.4% year over year. It earns a return on equity of 24.6%. Net debt stands at HK$8.8B. Fundamentals as of Sep 1, 2026

Our scenario range runs from HK$73.34 (bear case) to HK$171.11 (bull case); at HK$18.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 91% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at 471%, 2245 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly HK$0.2183 per share. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

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. Evidence

Highest evidence

EPV HK$89.85 HK$104.87 HK$118.01 74

FCF DCF HK$50.99 HK$80.36 HK$173.91 73

Growth DCF HK$47.94 HK$95.39 HK$173.14 72

All 25 models by family

DCF Models

FCF DCF HK$50.99 HK$80.36 HK$173.91 73

5Y Revenue Exit HK$75.87 HK$141.83 HK$280.74 66

5Y EBITDA Exit HK$93.47 HK$177.42 HK$342.50 69

5Y P/E Exit HK$63.75 HK$147.34 HK$262.04 65

10Y Revenue Exit HK$66.62 HK$170.46 HK$243.99 63

10Y EBITDA Exit HK$82.95 HK$208.37 HK$434.52 61

10Y P/E Exit HK$61.26 HK$144.36 HK$282.81 58

Earnings-Based

Graham-Dodd HK$35.28 HK$246.06 HK$345.31 61

Lynch FV HK$127.12 HK$181.61 HK$236.09 59

PEG = 1.0 HK$127.12 HK$181.61 HK$236.09 55

EPV HK$89.85 HK$104.87 HK$118.01 74

Dividend Discount

Gordon GGM HK$23.36 HK$48.56 HK$77.04 64

DDM Multi-Stage HK$23.36 HK$40.95 HK$50.97 64

Multiples

P/E Multiple HK$66.16 HK$88.21 HK$110.26 63

P/S Multiple HK$66.16 HK$88.21 HK$110.26 58

P/B Multiple HK$52.03 HK$69.37 HK$86.72 55

EV/EBIT HK$120.05 HK$160.15 HK$200.24 66

EV/EBITDA HK$105.28 HK$140.45 HK$175.62 67

EV/Revenue HK$76.49 HK$109.37 HK$142.25 53

Asset-Based

NCAV (Graham) HK$11.56 HK$15.49 HK$23.12 54

Growth DCF

Growth DCF HK$47.94 HK$95.39 HK$173.14 72

Rev-Margin DCF HK$84.42 HK$162.08 HK$323.77 66

Economic Profit

Residual Income HK$33.94 HK$43.27 HK$174.02 61

ROIC Compounder HK$116.47 HK$177.54 HK$258.59 68

Growth Earnings

Growth-Adj P/E HK$156.40 HK$223.43 HK$290.46 65

Widest divergence: Growth Earnings (HK$223.43) versus Asset-Based (HK$15.49). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 6.8 as of Jul 2, 2026

P/S ratio 0.48 P/E × margin

EPS (TTM) HK$0.9200 price ÷ EPS = P/E 6.8

Dividend yield 3.3% payout 65.2%

Net margin 7.1% FY2025

Return on equity 24.6% TTM

More key figures

Profitability

Return on assets (EBIT) 11.3% avg 5y

Operating margin 14.7% TTM

Growth

Revenue (TTM) HK$40.2B TTM

Revenue growth (YoY) +20.4% 3y avg +30.1%

EPS growth (YoY) +20.6%

Balance sheet & cash flow

Free cash flow HK$1.7B FY2025

Net debt HK$8.8B FY2025 · ≈ 5.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 47

Profitability 50

Margins and returns on capital today

Quality Growth 75

Are margins and returns improving?

Cashflow 48

Earnings quality: real cash, not paper profit

Fin. Strength 48

Balance sheet, leverage, solvency risk

Investment 24

Disciplined investing over empire-building

Low Volatility 50

Calm price path (market factor)

Momentum 40

Price trend over the last 3–12 months (market factor)

52W Momentum 53

Distance to the 52-week high (market factor)

Net Issuance 55

Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 90/100

Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Latest Revenue (FY 2025)

HK$40.2B

Latest YoY

+37.7%

Avg. revenue growth/yr (3Y) ⓘ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.

+30.1%

Avg. revenue growth/yr (5Y) ⓘ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.

+39.0%

Avg. revenue growth/yr (6Y) ⓘ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.

+27.5%

Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.

≈ +41.5% (approximate, leans on 2025) · in HKD

Earnings growth per share plus dividend yield: the value created per share and year.

Earnings growth per share+38.2%

Dividend yield3.3%

Operating margin (EBIT) ⓘ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.9.3% (2020) → 15.7% (2025) · rising

Worst earnings drop36% (2023) · in HKD

⚠ Rate leans on 2025: that final year sits 61% above its own trend (e.g. a one-off disposal gain) and could not be adjusted

Revenue +34.1%/yr

FY21 12.4B CNY

FY22 18.3B CNY

FY23 21.1B CNY

FY24 29.2B CNY

FY25 40.2B CNY

Net income +27.0%/yr

FY21 1.1B CNY

FY22 1.7B CNY

FY23 1.1B CNY

FY24 1.8B CNY

FY25 2.9B CNY

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Lygend Resources & Tech Co · Fair Value
HK$102.85 +82%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/2245.HK" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Lygend Resources &amp; Tech Co · Fair Value</span><br><b style="font-size:20px">HK$102.85</b> <span style="color:#7BB290;font-weight:700;font-size:14px">+82%</span></span><span style="font-size:11px;color:#7BB290;font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Lygend Resources & Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/2245.HK

Peer Group

Other Industrial Metals & Mining · 469 stocks

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.

Quality Score 51 · Top 25%

Return on equity (TTM) 25% · Top 25%

Return on assets 9% · Top 25%

Net margin (TTM) 7% · Top 25%

Operating margin (TTM) 15% · Above median

Revenue growth 20% · Above median

Dividend yield (TTM) 3.3% · Above median

Debt / equity 0.78× · Higher than 75% of peers

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 6.8× · Cheaper than 75% of peers

P/B 1.77× · Pricier than median

P/S (TTM) 0.56× · Cheaper than 75% of peers

P/FCF 1.7× · Cheaper than 75% of peers

EV/EBITDA 3.0× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

This stock

Sector peers

VALUE0 · sector 0

FUTURE100 · sector 38

PAST98 · sector 0

HEALTH61 · sector 96

DIVIDEND67 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

Stock	Price	Fair Value	vs Fair Value
BHP Group BHP	A$66.84	A$42.16	−37%
Vale S.A VALE	$15.31	$8.95	−42%
Saudi Arabian Mining Company 1211	65.50 SAR	33.87 SAR	−48%
CMOC Group 603993	¥18.42	¥16.15	−12%
Teck Resources Limited TECK	$69.34	$32.02	−54%
Hindustan Zinc Limited HINDZINC	₹573.00	₹508.34	−11%
China Tungsten And Hightech Materials Co 000657	¥66.76	¥9.55	−86%
China Northern Rare Earth (Group) High-Tech Co 600111	¥41.02	¥10.59	−74%
Western Mining Co 601168	¥37.85	¥25.99	−31%
Boliden AB BOL	kr 527.80	kr 461.48	−13%

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Frequently asked questions

Is Lygend Resources & Tech Co (2245) overvalued or undervalued?

As of Sep 1, 2026, our model estimates a fair value of HK$102.85 versus a price of HK$18.00, about +471% upside (undervalued).

What is the fair value of 2245?

Our model-based fair value for Lygend Resources & Tech Co is HK$102.85 (as of Sep 1, 2026), built from audited fundamentals. The current price: HK$18.00.

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$102.85 (as of Sep 1, 2026) from 25 valuation models. Cautious scenario HK$73.34, optimistic scenario HK$171.11. 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$102.85, about +471% upside versus a price of HK$18.00 (undervalued). Cautious scenario HK$73.34, optimistic scenario HK$171.11. 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 HK$40.2B (latest available figure, as of Sep 1, 2026).

What is the net profit margin of 2245?

The net profit margin of Lygend Resources & Tech Co is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.

Does Lygend Resources & Tech Co pay a dividend?

Lygend Resources & Tech Co currently shows a dividend yield of about 3.33% relative to its recent price (as of Sep 1, 2026).

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