China National Building Material Co Ltd (3323) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of China National Building Material Co Ltd HK$15.26, price HK$3.21, upside +376.1%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch China National Building Material Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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
60‑month range HK$1.90 – HK$9.31 · fair‑value band HK$5.34 – HK$29.44 · the HK$3.21 price screens below the HK$15.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates through five segments: Cement, Concrete, New materials, Engineering Technology Services, and Others.
Show more
China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates through five segments: Cement, Concrete, New materials, Engineering Technology Services, and Others. It produces and sells cement, concrete, aggregate, and fibreglass, as well as composite and light building materials. The company also provides wind power blades, lithium battery separator, hydrogen energy storage and transportation equipment, carbon fiber, graphite powder, spherical graphite, and graphite anode materials; and engineering technology services to glass and cement manufacturers and equipment procurement. In addition, it is involved in the merchandise trading and other businesses, as well as operates a chain of warehouse; and offers procurement supply chain services. The company operates in the People's Republic of China, Europe, the Middle East, Asia, Oceania, Africa, the Americas, and internationally. China National Building Material Company Limited was founded in 2005 and is based in Beijing, the People's Republic of China.
Stock analysis
China National Building Material Co Ltd (3323) currently trades at HK$3.21, while our model-based Fair Value estimate is HK$15.26, implying the stock looks roughly 79.0% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of HK$19.55 per share, and 9 of the 11 models we run sit above the HK$3.21 price.
Bear case: the Dividend Discount group reads lowest at HK$2.54, and 2 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$5.34 (bear) to HK$29.44 (bull), the price of HK$3.21 sits below 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 40/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
China National Building Material Co Ltd reported revenue of 178B CNY in FY2025 versus 274B CNY in FY2021, a compound −10.2%/yr. Reported net income was −3.3B CNY in FY2025.
Key figures
Market cap HK$37.4B (≈ $4.8B) · P/S ratio 0.21 · EPS (TTM) HK$0.3000 · Dividend yield 5.3% · Net margin −1.9% · Return on equity −0.5% · Return on assets (EBIT) 3.3% · Operating margin −5.0%.
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 54% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at 376%, 3323 screens cheaper than that median.
Fair Value models
Bear HK$5.34Fair Value HK$15.26Bull HK$29.44
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$0.0942 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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.9%
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.
−8.7%
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.
−6.9%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 23 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.
+22.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
15.3% (2020) → 2.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+15.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +13.2% a year for the price and +1.3% for the forecasts.
Compare China National Building Material Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Building Materials · 257 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−2% · Bottom 25%
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−6% · Below median
Dividend yield (TTM)5.3% · Top 25%
Balance sheet
Debt / equity0.93× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "China National Building Material Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3323.HK
Frequently asked questions
Is China National Building Material Co Ltd (3323) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$15.26 versus a price of HK$3.21, about +376% upside (undervalued).
What is the fair value of 3323?
Our model-based fair value for China National Building Material Co Ltd is HK$15.26 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$3.21.
What is the quality score of 3323?
China National Building Material Co Ltd has a Quality Score of 40/100. 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 China National Building Material Co Ltd (3323)?
Our model-based price target is the fair value of HK$15.26 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario HK$5.34, optimistic scenario HK$29.44. It is a calculation from audited fundamentals, not an analyst target.
What is the China National Building Material Co Ltd stock forecast for 2026?
Our models put fair value at HK$15.26, about +376% upside versus a price of HK$3.21 (undervalued). Cautious scenario HK$5.34, optimistic scenario HK$29.44. The calculation is refreshed regularly with new filings.
What is the revenue of China National Building Material Co Ltd (3323)?
China National Building Material Co Ltd reported trailing-twelve-month revenue of about HK$178B (latest available figure, as of Sep 24, 2026).
Does China National Building Material Co Ltd pay a dividend?
China National Building Material Co Ltd currently shows a dividend yield of about 5.34% relative to its recent price (as of Sep 24, 2026).
What growth is priced into China National Building Material Co Ltd (3323)?
For today's price to be fair in a discounted-cash-flow model, China National Building Material Co Ltd would have to grow free cash flow by +15.6 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3323 use?
Our models discount China National Building Material Co Ltd at 11.1 %: a base by market capitalisation (mid), damped by beta 1.33, 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 China National Building Material Co Ltd that is +15.6 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has China National Building Material Co Ltd (3323) delivered so far?
Over the past 5 years revenue at China National Building Material Co Ltd grew -6.9 % a year. The price currently implies +15.6 % 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 China National Building Material Co Ltd (3323) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into China National Building Material Co Ltd (+15.6 % 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 China National Building Material Co Ltd (3323)?
The free-cash-flow yield on the price is 33.54 %: that much free cash flow China National Building Material Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of China National Building Material Co Ltd (3323)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China National Building Material Co Ltd it is HK$15.26 per share (as of Sep 24, 2026), against a price of HK$3.21. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is China National Building Material Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3323 trades below its calculated fair value: price HK$3.21, fair value HK$15.26, a gap of about +376% (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 3323?
No. The price is what the market pays today (HK$3.21); the fair value is what the company's own numbers justify (HK$15.26). For China National Building Material Co Ltd the two are HK$12.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is China National Building Material Co Ltd worth?
The market values China National Building Material Co Ltd at about HK$37.4B (market capitalisation, as of Sep 24, 2026). Per share that is HK$3.21; our models calculate a fair value of HK$15.26 per share.
What do the bullish and bearish scenarios say about 3323?
Our models span a range for China National Building Material Co Ltd: cautious scenario HK$5.34, base HK$15.26, optimistic HK$29.44 per share (as of Sep 24, 2026, price HK$3.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 3323?
The PEG ratio of China National Building Material Co Ltd is 0.48 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of China National Building Material Co Ltd (3323)?
Balance-sheet figures for China National Building Material Co Ltd (as of Sep 24, 2026): return on equity −0.5%, debt of 0.93 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 3323 from its 52-week high?
China National Building Material Co Ltd trades at HK$3.21, about 54% below its 52-week high of HK$7.01 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$15.26 is for.
Which stocks are comparable to China National Building Material Co Ltd?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 China National Building Material Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$3.21, calculated fair value HK$15.26 (+376%), Quality Score 40/100, from 11 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 3323 calculated?
We run China National Building Material Co Ltd through 11 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$15.26, 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 14.1 % above its aggregate fair value. China National Building Material Co Ltd currently trades 376 % 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 China National Building Material Co Ltd (3323)?
The closing price on Sep 22, 2026 was HK$3.21. Our model-based fair value is HK$15.26, about +376% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China National Building Material Co Ltd right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$5.34). The market is more pessimistic than our downside scenario. The model range is unusually wide (HK$5.34 to HK$29.44). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of China National Building Material Co Ltd (3323) come from?
Earnings per share at China National Building Material Co Ltd grew +13.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +18.6 %, EBIT margin −9.4 %, tax rate +0.3 %, residual (interest, one-offs) +5.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of China National Building Material Co Ltd
How large is the market capitalisation of China National Building Material Co Ltd (3323)?
The market capitalisation of China National Building Material Co Ltd is HK$37.4B (≈ $4.8B). 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 China National Building Material Co Ltd (3323)?
The price-to-sales ratio of China National Building Material Co Ltd is 0.21 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of China National Building Material Co Ltd (3323)?
Earnings per share at China National Building Material Co Ltd are HK$0.3000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of China National Building Material Co Ltd (3323)?
The dividend yield of China National Building Material Co Ltd is 5.3% (payout 57.1%). 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 China National Building Material Co Ltd (3323)?
The net margin of China National Building Material Co Ltd is −1.9% (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 China National Building Material Co Ltd (3323)?
The return on equity (ROE) of China National Building Material Co Ltd is −0.5% (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 China National Building Material Co Ltd (3323)?
On an EBIT basis the return on assets of China National Building Material Co Ltd is 3.3% (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 China National Building Material Co Ltd (3323)?
The operating margin of China National Building Material Co Ltd is −5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China National Building Material Co Ltd (3323)?
Revenue at China National Building Material Co Ltd is growing −5.7% versus a year earlier (3y avg −8.7%). 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 China National Building Material Co Ltd (3323)?
Earnings per share at China National Building Material Co Ltd are growing +33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does China National Building Material Co Ltd (3323) carry?
The net debt of China National Building Material Co Ltd is HK$172B (fiscal year 2025, ≈ 21.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch China National Building Material Co Ltd in the live analysis
One click puts China National Building Material Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
