Wanguo International Mining Group Ltd (3939) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Wanguo International Mining Group Ltd HK$11.52, price HK$13.54, upside -14.9%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Wanguo International Mining Group Ltd
3939 · HKOvervalued / MonitorQuality growthQuality is not strong enough to offset the price risk.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.3511 – HK$18.17 · fair‑value band HK$6.28 – HK$15.22 · the HK$13.54 price screens above the HK$11.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
Wanguo Gold Group Limited, an investment holding company, engages in mining, ore processing, and sale of concentrate products in the People's Republic of China and Solomon Islands. The company offers copper concentrates, zinc concentrates, iron concentrates, sulfur concentrates, and lead concentrates, and gold and silver by-products.
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Wanguo Gold Group Limited, an investment holding company, engages in mining, ore processing, and sale of concentrate products in the People's Republic of China and Solomon Islands. The company offers copper concentrates, zinc concentrates, iron concentrates, sulfur concentrates, and lead concentrates, and gold and silver by-products. The company was formerly known as Wanguo International Mining Group Limited and changed its name to Wanguo Gold Group Limited in September 2024. Wanguo Gold Group Limited was incorporated in 2011 and is headquartered in Yichun, the People's Republic of China.
Stock analysis
Wanguo International Mining Group Ltd (3939) currently trades at HK$13.54, while our model-based Fair Value estimate is HK$11.52, 14.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$15.48 per share, and 2 of the 26 models we run sit above the HK$13.54 price.
Bear case: the Dividend Discount group reads lowest at HK$1.69, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$6.28 (bear) to HK$15.22 (bull), the price of HK$13.54 sits inside 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 67/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wanguo International Mining Group Ltd reported revenue of 3.2B CNY in FY2025 versus 2.0B CNY in FY2021, a compound +11.9%/yr. Reported net income was 1.4B CNY in FY2025, compounding +62.7%/yr from FY2021.
Key figures
Market cap HK$60.3B (≈ $7.7B) · P/E ratio 31.0 · P/S ratio 13.3 · Dividend yield 0.1% · Net margin 42.9% · Return on equity 39.2% · Return on assets (EBIT) 18.6% · Operating margin 66.5%.
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 25% below its 52-week high and 90% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −15%, 3939 screens richer than that median.
Fair Value models
All 26 models by family
Notify me when 3939 reaches fair value
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Set up alert →Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 62
Revenue & earnings trend
Growth Forecast
3939 screens overvalued: fair value 15% below the price. Compare with Newmont Corporation →
Compare Wanguo International Mining Group Ltd with another stock
Price, fair value, quality and upside side by side.
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.Gold · 233 stocks
Valuation Multiplesvs Gold median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEM | $121.43 | $133.57 | +10% |
| Zijin Mining Group 601899 | ¥30.01 | ¥44.45 | +48% |
| Agnico Eagle Mines Limited AEM | $185.83 | $219.71 | +18% |
| Wheaton Precious Metals Corp WPM | $135.39 | $87.78 | −35% |
| Franco-Nevada Corporation FNV | $245.81 | $270.39 | +10% |
| AngloGold Ashanti plc AU | $99.03 | $88.60 | −11% |
| Kinross Gold Corporation KGC | $25.05 | $51.30 | +105% |
| Royal Gold, Inc RGLD | $238.93 | $262.82 | +10% |
| Shandong Gold Mining Co 600547 | ¥29.07 | ¥23.61 | −19% |
| Pan American Silver Corp PAAS | $46.14 | $59.13 | +28% |
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Key figures of Wanguo International Mining Group Ltd
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