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Lingbao Gold Co Ltd (3330) Fair Value & Analysis

Basic Materials · HK · Market cap HK$18.7B

LG Lingbao Gold Co Ltd 3330 · HK
PriceHK$21.42
Fair ValueHK$24.32
Upside+13.5%
Quality50/100
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Expensive Growth
Solidly profitable · 11.7% net margin
Low debt · negative free cash flow
1.74% dividend yield
Ranks above peers (9/14)
Wide moat 69/100
Evidence: High Range HK$17.48 – HK$30.67 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$24.30 to HK$24.32 (+0.1%) since Aug 6, 2026. Share price +40.6% over the past month.

A solid business, screening 14% undervalued on our models.

What matters now

  • Our model range runs from HK$17.48 (bear) to HK$30.67 (bull), base HK$24.32. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$29.73 HK$0.7223 Fair Value HK$24.32 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.7223 – HK$29.73 · fair‑value band HK$17.48 – HK$30.67 · the HK$21.42 price screens below the HK$24.32 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Lingbao Gold Co Ltd (3330) currently trades at HK$21.42, while our model-based Fair Value estimate is HK$24.32, implying the stock looks roughly 13.5% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Lingbao Gold Co Ltd generated revenue of HK$13.1B at a net margin of 11.7%. Revenue declined 29.5% year over year. It earns a return on equity of 39.8%. Net debt stands at HK$1.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$17.48 (bear case) to HK$30.67 (bull case); at HK$21.42, 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 31% below its 52-week high and 136% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 1% fair-value upside, at 14%, 3330 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 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
Residual Income HK$9.53 HK$14.06 HK$137.79 76
ROIC Compounder HK$15.71 HK$19.77 HK$24.52 72
Gordon GGM HK$2.18 HK$4.54 HK$7.20 70
All 17 models by family
DCF Models
Owner Earnings HK$10.64 HK$18.28 HK$31.45 31
Earnings-Based
Graham-Dodd HK$8.77 HK$39.73 HK$54.49 54
Lynch FV HK$10.38 HK$14.83 HK$19.29 50
PEG = 1.0 HK$10.38 HK$14.83 HK$19.29 46
EPV HK$14.43 HK$16.67 HK$18.64 59
Dividend Discount
Gordon GGM HK$2.18 HK$4.54 HK$7.20 70
DDM Multi-Stage HK$2.18 HK$3.83 HK$4.77 61
Multiples
P/E Multiple HK$16.45 HK$21.93 HK$27.41 63
P/S Multiple HK$12.36 HK$16.48 HK$20.60 58
P/B Multiple HK$9.18 HK$12.24 HK$15.30 55
EV/EBIT HK$20.39 HK$26.87 HK$33.34 53
EV/EBITDA HK$17.35 HK$22.80 HK$28.26 54
EV/Revenue HK$12.51 HK$17.46 HK$22.40 43
Asset-Based
NCAV (Graham) HK$2.04 HK$2.73 HK$4.08 50
Economic Profit
Residual Income HK$9.53 HK$14.06 HK$137.79 76
ROIC Compounder HK$15.71 HK$19.77 HK$24.52 72
Growth Earnings
Growth-Adj P/E HK$15.03 HK$21.47 HK$27.91 68

Widest divergence: Growth Earnings (HK$21.47) versus Asset-Based (HK$2.73). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$13.1B
Revenue growth (YoY) -29.5%
Net margin 11.7%
Return on equity 39.8%
Free cash flow −HK$57.3M FY2025
P/E ratio 9.8 as of Jul 2, 2026
More key figures
Operating margin 24.1%
EPS (TTM) HK$0.5200
Dividend yield 1.7%
EPS growth (YoY) +55.7%
Net debt HK$1.3B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 54

Profitability 75
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 21
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

Lingbao Gold Group Company Ltd., together with its subsidiaries, primarily engages in mining, processing, smelting, refining, and sale of gold products in the People's Republic of China. Its products include gold bullion and concentrates, silver, copper products, sulphuric acid, and others.

Full company description

Lingbao Gold Group Company Ltd., together with its subsidiaries, primarily engages in mining, processing, smelting, refining, and sale of gold products in the People's Republic of China. Its products include gold bullion and concentrates, silver, copper products, sulphuric acid, and others. The company holds 34 mining and exploration rights with an area of 187.47 square kilometers. It is also involved in the sale of mineral products, jewelry, machinery, equipment, and components for gold processing; mine engineering construction; development of mining and exploration of mineral reserves technology; design of mineral engineering; and recycling and disposal of wastes from mining and smelting activities, as well as geological exploration of mineral reserves. In addition, it imports and exports gold products. The company was formerly known as Lingbao Gold Company Ltd. and changed its name to Lingbao Gold Group Company Ltd. in May 2017. Lingbao Gold Group Company Ltd. was incorporated in 2002 and is based in Lingbao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lingbao Gold Co Ltd reported revenue of HK$13.1B in FY2025 versus HK$5.3B in FY2021, a compound +25.3%/yr. Reported net income was HK$1.5B in FY2025, compounding +85.6%/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)
HK$13.1B
Latest YoY
+10.8%
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.
+9.1%
Avg. 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.
+18.6%
Avg. growth/yr (23Y) 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.
+13.7%
Revenue +25.3%/yr
FY21 HK$5.3B
FY22 HK$10.1B
FY23 HK$10.5B
FY24 HK$11.9B
FY25 HK$13.1B
Net income +85.6%/yr
FY21 HK$130M
FY22 HK$240M
FY23 HK$318M
FY24 HK$698M
FY25 HK$1.5B

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Cite: Fair Value Calculator (2026). "Lingbao Gold Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3330

Peer Group

Gold · 247 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 50 · Above median
Fair Value upside +14% · Top 25%
Return on equity (TTM) 40% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 24% · Below median
Revenue growth -30% · Bottom 25%
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.16× · Higher than 75% of peers

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than median
P/B 3.83× · Pricier than 75% of peers
P/S (TTM) 1.42× · Cheaper than 75% of peers
EV/EBITDA 6.7× · Pricier than median
PEG 0.60× · Cheaper 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 51 · sector 0
FUTURE 0 · sector 100
PAST 100 · sector 0
HEALTH 92 · sector 98
DIVIDEND 35 · sector 25

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 Gold stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $112.82 +1%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$257.82 C$154.33 -40%
Barrick Mining Corporation B $41.23 $50.66 +23%
Wheaton Precious Metals Corp WPM C$187.84 C$52.47 -72%
Franco-Nevada Corporation FNV C$334.84 C$97.76 -71%
AngloGold Ashanti plc AU $97.92 $88.63 -9%
Gold Fields Limited GFI $40.73 $59.06 +45%
Zijin Gold International Company 2259 HK$135.60 HK$96.81 -29%
Kinross Gold Corporation KGC $27.48 $34.62 +26%

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Frequently asked questions

Is Lingbao Gold Co Ltd (3330) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$24.32 versus a price of HK$21.42, about +14% (undervalued).
What is the fair value of 3330?
Our model-based fair value for Lingbao Gold Co Ltd is HK$24.32 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$21.42.
What is the quality score of 3330?
Lingbao Gold Co Ltd has a Quality Score of 50/100. 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 Lingbao Gold Co Ltd (3330)?
Lingbao Gold Co Ltd reported trailing-twelve-month revenue of about HK$13.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3330?
The net profit margin of Lingbao Gold Co Ltd is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.
Does Lingbao Gold Co Ltd pay a dividend?
Lingbao Gold Co Ltd currently shows a dividend yield of about 1.74% relative to its recent price (as of Aug 13, 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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