Nanjing Hanrui Cobalt Co (300618) Fair Value & Analysis
Basic Materials · CN · Market cap 12.0B CNY
Fair value as of: Jul 9, 2026
From 14 valuation models · updated 32 days ago
Share price +3.8% over the past month.
Below-average quality, and screening another 62% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥17.46). The favourable scenario is already priced in.
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.
How to read this chart
60‑month range ¥18.48 – ¥97.88 · fair‑value band ¥10.48 – ¥17.46 · the ¥36.79 price screens above the ¥13.97 fair value. Dashed = 300-day average. As of Jul 9, 2026.
Analysis
Nanjing Hanrui Cobalt Co (300618) currently trades at ¥36.79, while our model-based Fair Value estimate is ¥13.97, implying the stock looks roughly 62.0% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Basic Materials 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: medium).
Over the trailing twelve months, Nanjing Hanrui Cobalt Co generated revenue of 7.1B CNY at a net margin of 3.9%. Revenue grew 24.2% year over year. It earns a return on equity of 3.8%. Net debt stands at 1.4B CNY. Fundamentals as of Jul 9, 2026
Our scenario range runs from ¥10.48 (bear case) to ¥17.46 (bull case); at ¥36.79, 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 37% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -62%, 300618 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.
All 14 models by family
Widest divergence: Growth Earnings (¥22.01) versus Economic Profit (¥8.96). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 32
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
Nanjing Hanrui Cobalt Co.,Ltd. engages in the extraction of cobalt and copper ores. Its product portfolio includes cobalt hydroxide, electrolytic copper, and electrolytic cobalt; cobalt salts; and cobalt powders.
Full company description
Nanjing Hanrui Cobalt Co.,Ltd. engages in the extraction of cobalt and copper ores. Its product portfolio includes cobalt hydroxide, electrolytic copper, and electrolytic cobalt; cobalt salts; and cobalt powders. The company engages in ore purchase, mining and processing, equipment and auxiliary materials, transportation, salt production, sale battery, research and development, trading, equity investment, funding, investment consulting, industrial investment, asset management, cargo trade, new material technology, battery parts, and pieces production activities. It operates in Japan, South Korea, Switzerland, Israel, India, and the United States. The company was founded in 1997 and is headquartered in Nanjing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nanjing Hanrui Cobalt Co reported revenue of ¥6.7B in FY2025 versus ¥4.3B in FY2021, a compound +11.4%/yr. Reported net income was ¥255M in FY2025, compounding −21.3%/yr from FY2021.
300618 screens 62% overvalued. Compare with Southern Copper Corporation →
Peer Group
Copper · 58 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.
Valuation Multiples vs Copper median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Copper stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Southern Copper Corporation SCCO | $175.66 | $86.74 | -51% |
| Freeport-McMoRan Inc FCX | $61.52 | $22.81 | -63% |
| Lundin Mining Corporation LUN | C$34.86 | C$18.67 | -46% |
| Jiangxi Copper Company 600362 | ¥39.03 | ¥35.19 | -10% |
| Tongling Nonferrous Metals Group 000630 | ¥5.79 | ¥3.06 | -47% |
| Hudbay Minerals Inc HBM | C$28.58 | C$21.79 | -24% |
| Zhejiang Hailiang Co 002203 | ¥16.66 | ¥7.00 | -58% |
| Capstone Copper Corp CSC | A$13.06 | A$7.28 | -44% |
| Yunnan Copper Co 000878 | ¥14.32 | ¥9.12 | -36% |
| China Nonferrous Mining Corporation 1258 | HK$14.75 | HK$1.76 | -88% |
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Frequently asked questions
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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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