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Xizang Zhihui Mining Co (2546) Fair Value & Analysis

Industrials · HK · Market cap HK$7.4B

XZ Xizang Zhihui Mining Co 2546 · HK
PriceHK$18.10
Fair ValueHK$7.50
Upside-58.6%
Quality60/100
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Expensive Growth
Highly profitable · 24.4% net margin
Low debt · generates free cash flow
0.66% dividend yield
Mixed vs. peers (7/14)
Wide moat 70/100
Evidence: High Range HK$4.29 – HK$9.38 Share as image

Fair value as of: Aug 5, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Aug 5, 2026, revised from HK$7.46 to HK$7.50 (+0.5%) since Jul 2, 2026. Share price +15.3% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$9.38). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$4.29 to HK$9.38) leaves room in how you read the outcome.
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Price vs Fair Value (8 months)

HK$19.94 HK$7.95 Fair Value HK$7.50 Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 5, 2026.

How to read this chart

8‑month range HK$7.95 – HK$19.94 · fair‑value band HK$4.29 – HK$9.38 · the HK$18.10 price screens above the HK$7.50 fair value. As of Aug 5, 2026.

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Analysis

Xizang Zhihui Mining Co (2546) currently trades at HK$18.10, while our model-based Fair Value estimate is HK$7.50, implying the stock looks roughly 58.6% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Xizang Zhihui Mining Co generated revenue of HK$616M at a net margin of 24.4%. It earns a return on equity of 11.3%. The stock trades on a trailing P/E of 32.4. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$4.29 (bear case) to HK$9.38 (bull case); at HK$18.10, the current price sits above 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 17% below its 52-week high and 137% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -59%, 2546 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF HK$1.60 HK$2.00 HK$2.78 80
Residual Income HK$2.84 HK$3.09 HK$4.04 76
Rev-Margin DCF HK$2.50 HK$4.21 HK$7.19 74
All 26 models by family
DCF Models
FCF DCF HK$1.63 HK$1.92 HK$2.82 38
Owner Earnings HK$3.77 HK$7.01 HK$13.56 31
5Y Revenue Exit HK$2.50 HK$3.83 HK$6.60 39
5Y EBITDA Exit HK$4.79 HK$8.52 HK$15.77 41
5Y P/E Exit HK$4.79 HK$10.26 HK$17.81 38
10Y Revenue Exit HK$2.18 HK$4.05 HK$5.58 36
10Y EBITDA Exit HK$3.88 HK$8.76 HK$18.26 37
10Y P/E Exit HK$3.87 HK$8.76 HK$17.63 35
Earnings-Based
Graham-Dodd HK$2.09 HK$14.59 HK$20.47 54
Lynch FV HK$5.20 HK$7.42 HK$9.65 50
PEG = 1.0 HK$5.20 HK$7.42 HK$9.65 46
EPV HK$3.68 HK$4.09 HK$4.44 59
Dividend Discount
Gordon GGM HK$0.9000 HK$1.79 HK$2.72 70
DDM Multi-Stage HK$0.9000 HK$1.55 HK$1.89 61
Multiples
P/E Multiple HK$4.84 HK$6.46 HK$8.07 63
P/S Multiple HK$1.89 HK$2.53 HK$3.16 58
P/B Multiple HK$3.92 HK$5.23 HK$6.54 55
EV/EBIT HK$5.68 HK$7.21 HK$8.74 53
EV/EBITDA HK$5.95 HK$7.57 HK$9.18 54
EV/Revenue HK$2.69 HK$3.38 HK$4.06 43
Asset-Based
NCAV (Graham) HK$1.67 HK$2.24 HK$3.35 50
Growth DCF
Growth DCF HK$1.60 HK$2.00 HK$2.78 80
Rev-Margin DCF HK$2.50 HK$4.21 HK$7.19 74
Economic Profit
Residual Income HK$2.84 HK$3.09 HK$4.04 76
ROIC Compounder HK$4.01 HK$5.15 HK$6.12 72
Growth Earnings
Growth-Adj P/E HK$6.73 HK$9.62 HK$12.51 68

Widest divergence: Growth Earnings (HK$9.62) versus Dividend Discount (HK$1.55). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$616M
Net margin 24.4%
Return on equity 11.3%
Free cash flow HK$16.3M FY2025
P/E ratio 32.4
Operating margin 28.0%
More key figures
Dividend yield 0.7%

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 51

Profitability 45
Margins and returns on capital today
Quality Growth 87
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Xizang Zhihui Mining Co., Ltd. engages in the exploration, mining, production, and sale of non-ferrous metal concentrates in the People's Republic of China. It primarily explores lead, zinc, silver, and copper concentrates. Xizang Zhihui Mining Co., Ltd. was founded in 2013 and is headquartered in Nagqu, China.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Xizang Zhihui Mining Co reported revenue of HK$616M in FY2025 versus HK$482M in FY2022, a compound +8.5%/yr. Reported net income was HK$150M in FY2025, compounding +8.4%/yr from FY2022.

Growth Quality 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$616M
Latest YoY
+104.4%
Avg. 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.
+8.5%
Revenue +8.5%/yr
FY22 HK$482M
FY23 HK$546M
FY24 HK$301M
FY25 HK$616M
Net income +8.4%/yr
FY22 HK$118M
FY23 HK$155M
FY24 HK$55.9M
FY25 HK$150M

2546 screens 59% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Xizang Zhihui Mining Co Fair Value". https://www.fairvalue-calculator.com/stock/2546

Peer Group

Electrical Equipment & Parts · 526 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 60 · Above median
Fair Value upside −59% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 32.4× · Cheaper than median
P/B 4.55× · Pricier than 75% of peers
P/S (TTM) 12.06× · Pricier than 75% of peers
P/FCF 58.0× · Pricier than 75% of peers
EV/EBITDA 28.8× · Pricier than median

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.

VALUE 0 · sector 0
FUTURE 0 · sector 57
PAST 45 · sector 26
HEALTH 98 · sector 97
DIVIDEND 13 · sector 18

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Xizang Zhihui Mining Co (2546) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$7.50 versus a price of HK$18.10, about −59% (overvalued).
What is the fair value of 2546?
Our model-based fair value for Xizang Zhihui Mining Co is HK$7.50 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$18.10.
What is the quality score of 2546?
Xizang Zhihui Mining Co has a Quality Score of 60/100. 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 revenue of Xizang Zhihui Mining Co (2546)?
Xizang Zhihui Mining Co reported trailing-twelve-month revenue of about HK$616M (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 2546?
The net profit margin of Xizang Zhihui Mining Co is about 24.4%, meaning it keeps roughly 24.4% of revenue as net income. Based on the latest reported figures.
Does Xizang Zhihui Mining Co pay a dividend?
Xizang Zhihui Mining Co currently shows a dividend yield of about 0.66% relative to its recent price (as of Aug 5, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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