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Ganzhou Tengyuan Cobalt New Material Co (301219) Fair Value & Analysis

Basic Materials · CN · Market cap 22.7B CNY

GT Ganzhou Tengyuan Cobalt New Material Co 301219 · SHE
Price¥50.06
Fair Value¥41.93
Upside-16.2%
Quality59/100
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Expensive Growth
Solidly profitable · 16.1% net margin
Low debt · generates free cash flow
2.59% dividend yield
Ranks above peers (11/14)
Wide moat 68/100
Evidence: High Range ¥31.36 – ¥52.41 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price −4.4% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥31.36 (bear) to ¥52.41 (bull), base ¥41.93. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

¥89.49 ¥26.83 Fair Value ¥41.93 Mar 2022 Aug 2026

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

53‑month range ¥26.83 – ¥89.49 · fair‑value band ¥31.36 – ¥52.41 · the ¥50.06 price screens above the ¥41.93 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Ganzhou Tengyuan Cobalt New Material Co (301219) currently trades at ¥50.06, while our model-based Fair Value estimate is ¥41.93, implying the stock looks roughly 16.2% overvalued today. The Quality Score stands at 59/100 (solid 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: high).

Over the trailing twelve months, Ganzhou Tengyuan Cobalt New Material Co generated revenue of 9.4B CNY at a net margin of 16.1%. Revenue grew 75.1% year over year. It earns a return on equity of 16.0%. Net debt stands at 36.6M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥31.36 (bear case) to ¥52.41 (bull case); at ¥50.06, the current price sits within 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 46% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -16%, 301219 screens cheaper 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥14.93 ¥19.70 ¥29.36 80
Residual Income ¥22.60 ¥26.71 ¥55.29 76
Rev-Margin DCF ¥29.50 ¥54.28 ¥100.84 74
All 24 models by family
DCF Models
FCF DCF ¥15.28 ¥18.66 ¥29.45 38
Owner Earnings ¥36.39 ¥70.86 ¥143.21 31
5Y Revenue Exit ¥29.50 ¥48.70 ¥89.28 39
5Y EBITDA Exit ¥37.94 ¥65.77 ¥120.58 41
5Y P/E Exit ¥38.93 ¥83.38 ¥145.33 38
10Y Revenue Exit ¥24.73 ¥53.50 ¥75.05 36
10Y EBITDA Exit ¥31.92 ¥71.67 ¥144.84 37
10Y P/E Exit ¥32.65 ¥73.80 ¥144.63 35
Earnings-Based
Graham-Dodd ¥19.73 ¥137.60 ¥193.10 54
Lynch FV ¥50.78 ¥72.54 ¥94.30 50
PEG = 1.0 ¥50.78 ¥72.54 ¥94.30 46
EPV ¥38.35 ¥43.18 ¥47.41 59
Multiples
P/E Multiple ¥36.99 ¥49.33 ¥61.66 63
P/S Multiple ¥24.51 ¥32.68 ¥40.85 58
P/B Multiple ¥36.99 ¥49.33 ¥61.66 55
EV/EBIT ¥49.82 ¥63.30 ¥76.78 53
EV/EBITDA ¥45.05 ¥56.95 ¥68.84 54
EV/Revenue ¥32.25 ¥42.05 ¥51.85 43
Asset-Based
NCAV (Graham) ¥12.25 ¥16.41 ¥24.50 50
Growth DCF
Growth DCF ¥14.93 ¥19.70 ¥29.36 80
Rev-Margin DCF ¥29.50 ¥54.28 ¥100.84 74
Economic Profit
Residual Income ¥22.60 ¥26.71 ¥55.29 76
ROIC Compounder ¥47.39 ¥67.88 ¥84.07 72
Growth Earnings
Growth-Adj P/E ¥60.32 ¥86.18 ¥112.03 68

Widest divergence: Growth Earnings (¥86.18) versus Asset-Based (¥16.41). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.4B CNY
Revenue growth (YoY) +75.1%
Net margin 16.1%
Return on equity 16.0%
Free cash flow 134M CNY FY2025
P/E ratio 14.9
More key figures
Operating margin 26.3%
EPS (TTM) ¥3.96
Dividend yield 2.6%
EPS growth (YoY) +329%
Net debt 36.6M CNY FY2019

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 20

Profitability 48
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 42
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

Ganzhou Tengyuan Cobalt New Material Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of cobalt and copper products in China and internationally.

Full company description

Ganzhou Tengyuan Cobalt New Material Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of cobalt and copper products in China and internationally. The company offers cobalt sulfate, cobalt chloride, and electrodeposited cobalt; electrodeposited copper products; nickel; lithium; and battery material precursors. It is also involved in general trade; and engineering construction. The company's products are used in cathode materials of lithium-ion batteries, electroplating, alkaline batteries, pigments, catalysts, analytical reagents, additives, and adhesives, as well as electrical, light, machinery, construction, national defense, and other industries. It exports its products. The company was founded in 2004 and is headquartered in Ganzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ganzhou Tengyuan Cobalt New Material Co reported revenue of ¥8.3B in FY2025 versus ¥4.2B in FY2021, a compound +19.0%/yr. Reported net income was ¥1.1B in FY2025, compounding −0.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
8.3B CNY
Latest YoY
+27.5%
Avg. growth/yr (3Y)
+20.2%
Avg. growth/yr (5Y)
+36.1%
Avg. growth/yr (6Y)
+29.9%
Revenue +19.0%/yr
FY21 ¥4.2B
FY22 ¥4.8B
FY23 ¥5.5B
FY24 ¥6.5B
FY25 ¥8.3B
Net income −0.9%/yr
FY21 ¥1.2B
FY22 ¥274M
FY23 ¥378M
FY24 ¥685M
FY25 ¥1.1B

301219 screens 16% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Ganzhou Tengyuan Cobalt New Material Co Fair Value". https://www.fairvalue-calculator.com/stock/301219

Peer Group

Other Industrial Metals & Mining · 476 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 59 · Top 25%
Fair Value upside −16% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 75% · Top 25%
Dividend yield (TTM) 2.6% · Top 25%
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 14.9× · Cheaper than median
P/B 2.42× · Pricier than median
P/S (TTM) 2.40× · Cheaper than median
P/FCF 25.0× · Pricier than 75% of peers
EV/EBITDA 8.2× · 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 12 · sector 0
FUTURE 100 · sector 23
PAST 64 · sector 0
HEALTH 100 · sector 96
DIVIDEND 52 · sector 21

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Ganzhou Tengyuan Cobalt New Material Co (301219) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥41.93 versus a price of ¥50.06, about −16% (overvalued).
What is the fair value of 301219?
Our model-based fair value for Ganzhou Tengyuan Cobalt New Material Co is ¥41.93 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥50.06.
What is the quality score of 301219?
Ganzhou Tengyuan Cobalt New Material Co has a Quality Score of 59/100. 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 Ganzhou Tengyuan Cobalt New Material Co (301219)?
Ganzhou Tengyuan Cobalt New Material Co reported trailing-twelve-month revenue of about 9.4B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301219?
The net profit margin of Ganzhou Tengyuan Cobalt New Material Co is about 16.1%, meaning it keeps roughly 16.1% of revenue as net income. Based on the latest reported figures.
Does Ganzhou Tengyuan Cobalt New Material Co pay a dividend?
Ganzhou Tengyuan Cobalt New Material Co currently shows a dividend yield of about 2.59% relative to its recent price (as of Jul 9, 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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