China Northern Rare Earth (Group) High-Tech Co (600111) Fair Value & Analysis
Basic Materials · CN · Market cap 143B CNY
Fair value as of: Jul 16, 2026
From 17 valuation models · updated 22 days ago
Share price −11.7% over the past month.
A solid business, but screening 75% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥13.23). The favourable scenario is already priced in.
- Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range ¥15.81 – ¥62.40 · fair‑value band ¥7.94 – ¥13.23 · the ¥41.91 price screens above the ¥10.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
China Northern Rare Earth (Group) High-Tech Co (600111) currently trades at ¥41.91, while our model-based Fair Value estimate is ¥10.59, implying the stock looks roughly 74.7% overvalued today. We read business quality at 56/100 (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: medium).
Over the trailing twelve months, China Northern Rare Earth (Group) High-Tech Co generated revenue of 45.1B CNY at a net margin of 6.1%. Revenue grew 27.7% year over year. It earns a return on equity of 11.0%. Net debt stands at 1.3B CNY. Fundamentals as of Jul 16, 2026
Our scenario range runs from ¥7.94 (bear case) to ¥13.23 (bull case); at ¥41.91, 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 34% below its 52-week high and 76% 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 -75%, 600111 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 17 models by family
Widest divergence: DCF Models (¥19.08) versus Dividend Discount (¥1.56). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 51
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
China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth metals in China and internationally. The company offers rare earth salts, rare earth oxides, and rare earth golds.
Full company description
China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth metals in China and internationally. The company offers rare earth salts, rare earth oxides, and rare earth golds. It also provides rare earth new material products, such as rare earth magnetic, polishing, hydrogen storage, and catalytic materials; rare earth composites; rare earth alloys; and rare earth end-use products comprising earth permanent magnet high-efficiency energy-saving motors, solid-state hydrogen-powered two-wheeled vehicles, etc. The company was formerly known as Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co., Ltd. and changed its name to China Northern Rare Earth (Group) High-Tech Co.,Ltd in January 2015. China Northern Rare Earth (Group) High-Tech Co.,Ltd was founded in 1961 and is headquartered in Baotou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Northern Rare Earth (Group) High-Tech Co reported revenue of ¥42.6B in FY2025 versus ¥30.4B in FY2021, a compound +8.8%/yr. Reported net income was ¥2.3B in FY2025, compounding −18.6%/yr from FY2021.
600111 screens 75% overvalued. Compare with BHP Group →
Peer Group
Other Industrial Metals & Mining · 477 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 Other Industrial Metals & Mining 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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 16, 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% |
| Korea Zinc Company 010130 | 1,043,000 KRW | 646,063 KRW | -38% |
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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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