Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Ningxia Xinri Hengli Steel Wire Rope Co Ltd stock ¥0.41, price ¥2.72, upside -85.0%, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
60‑month range ¥1.27 – ¥13.43 · fair‑value band ¥0.3060 – ¥0.6035 · the ¥2.72 price screens above the ¥0.4080 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Oct 30, 2026.
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Ningxia Zhongke Biotechnology Co., Ltd. produces and sells coal-based activated carbon and lauric acid products. The company was founded in 1958 and is based in Shizuishan, China.
Stock analysis
Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165) currently trades at ¥2.72, while our model-based Fair Value estimate is ¥0.4080, 85.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 87/100, which puts the data coverage at low.
Scenario range: ¥0.3060 (bear) to ¥0.6035 (bull), the price of ¥2.72 sits above 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 36/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2001: revenue and profit before it include the divested business. Growth is measured afresh from 2001.
Ningxia Xinri Hengli Steel Wire Rope Co Ltd reported revenue of 444M CNY in FY2025 versus 249M CNY in FY2021, a compound +15.6%/yr. Reported net income was −90.4M CNY in FY2025.
Key figures
Market cap 4.4B CNY (≈ $661M) Small · P/E ratio 24.7 · P/S ratio 8.80 · EPS (TTM) ¥0.1100 · Dividend yield 0.0% · Net margin −20.3% · Return on equity −16.9% · Return on assets (EBIT) −12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −36% fair-value upside, at −85%, 600165 screens richer than that median.
Fair Value models
Bear¥0.3060Fair Value ¥0.4080Bull¥0.6035
Price ¥2.72 · Upside -85.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0916 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham)¥0.3600¥0.4800¥0.710054
All 1 models by family
Asset-Based
NCAV (Graham)¥0.3600¥0.4800¥0.710054
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.55/100
Spin-off in 2001: revenue and profit before it include the divested business. Growth is measured afresh from 2001.
Revenue growth 1 year
+28.7%
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.
−13.3%
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.
+30.1%
Start year 2020 (pandemic). Over 10 years: −8.5% a year
Revenue growth 24 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.
+0.7%
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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.
2.2% (2020) → −45.4% (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
Compare Ningxia Xinri Hengli Steel Wire Rope Co Ltd with another stock
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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.Specialty Chemicals · 733 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−85.0% · Bottom 25%
Profitability
Return on assets−3.6% · Bottom 25%
Net margin (12 months)−10.3% · Bottom 25%
Operating margin (12 months)−70.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)28.7% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)24.7× · Pricier than median
P/B3.64× · Priciest 25%
P/S (12 months)8.73× · Priciest 25%
PEG0.46× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 67
PAST (return on equity)0· sector 26
HEALTH (low debt)91· sector 95
DIVIDEND (yield)1· sector 31
VALUE 0: the price sits above our fair-value range.
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). "Ningxia Xinri Hengli Steel Wire Rope Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600165
Frequently asked questions
Is Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of ¥0.4080 versus a price of ¥2.72, about −85% upside (overvalued).
What is the fair value of 600165?
Our model-based fair value for Ningxia Xinri Hengli Steel Wire Rope Co Ltd is ¥0.4080 (as of Oct 30, 2026), built from audited fundamentals. The current price: ¥2.72.
What is the quality score of 600165?
Ningxia Xinri Hengli Steel Wire Rope Co Ltd has a Quality Score of 36/100. 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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
Our model-based price target is the fair value of ¥0.4080 (as of Oct 30, 2026) from 1 valuation models. Cautious scenario ¥0.3060, optimistic scenario ¥0.6035. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningxia Xinri Hengli Steel Wire Rope Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.4080, about −85% upside versus a price of ¥2.72 (overvalued). Cautious scenario ¥0.3060, optimistic scenario ¥0.6035. The calculation is refreshed regularly with new filings.
What is the revenue of Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
Ningxia Xinri Hengli Steel Wire Rope Co Ltd reported trailing-twelve-month revenue of about 503M CNY (latest available figure, as of Oct 30, 2026).
Does Ningxia Xinri Hengli Steel Wire Rope Co Ltd pay a dividend?
Ningxia Xinri Hengli Steel Wire Rope Co Ltd currently shows a dividend yield of 0.04% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningxia Xinri Hengli Steel Wire Rope Co Ltd it is ¥0.4080 per share (as of Oct 30, 2026), against a price of ¥2.72. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Ningxia Xinri Hengli Steel Wire Rope Co Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, 600165 trades above its calculated fair value: price ¥2.72, fair value ¥0.4080, a gap of about −85% (overvalued). 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 600165?
No. The price is what the market pays today (¥2.72); the fair value is what the company's own numbers justify (¥0.4080). For Ningxia Xinri Hengli Steel Wire Rope Co Ltd the two are ¥2.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningxia Xinri Hengli Steel Wire Rope Co Ltd worth?
The market values Ningxia Xinri Hengli Steel Wire Rope Co Ltd at about 4.4B CNY (market capitalisation, as of Oct 30, 2026). Per share that is ¥2.72; our models calculate a fair value of ¥0.4080 per share.
What do the bullish and bearish scenarios say about 600165?
Our models span a range for Ningxia Xinri Hengli Steel Wire Rope Co Ltd: cautious scenario ¥0.3060, base ¥0.4080, optimistic ¥0.6035 per share (as of Oct 30, 2026, price ¥2.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600165?
Ningxia Xinri Hengli Steel Wire Rope Co Ltd trades at a price-to-earnings ratio of 24.7 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥0.4080 is built from several models across several years. Other multiples: PEG 0.5, P/B 3.6, P/S 8.7.
What is the PEG ratio of 600165?
The PEG ratio of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is 0.46 (P/E divided by earnings growth, as of Oct 30, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
Balance-sheet figures for Ningxia Xinri Hengli Steel Wire Rope Co Ltd (as of Oct 30, 2026): return on equity −16.9%, debt of 0.18 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 600165 from its 52-week high?
Ningxia Xinri Hengli Steel Wire Rope Co Ltd trades at ¥2.72, about 37% below its 52-week high of ¥4.29 and 24% above the low of ¥2.19 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.4080 is for.
Which stocks are comparable to Ningxia Xinri Hengli Steel Wire Rope Co Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price ¥2.72, calculated fair value ¥0.4080 (−85%), Quality Score 36/100, from 1 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 600165 calculated?
We run Ningxia Xinri Hengli Steel Wire Rope Co Ltd through 1 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 ¥0.4080, 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 13.4 % above its aggregate fair value. Ningxia Xinri Hengli Steel Wire Rope Co Ltd itself currently trades above fair value. 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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
The closing price on Oct 30, 2026 was ¥2.72. Our model-based fair value is ¥0.4080, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningxia Xinri Hengli Steel Wire Rope Co Ltd right now?
The price sits above even our optimistic bull case (¥0.6035). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥0.3060 to ¥0.6035) leaves room in how you read the outcome.
Key figures of Ningxia Xinri Hengli Steel Wire Rope Co Ltd
How large is the market capitalisation of Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
The market capitalisation of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is 4.4B CNY (≈ $661M). 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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
The price-to-sales ratio of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is 8.80 (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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
Earnings per share at Ningxia Xinri Hengli Steel Wire Rope Co Ltd are ¥0.1100 (price ÷ EPS = P/E 24.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
The dividend yield of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is 0.0% (payout 0.9%). 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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
The net margin of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is −20.3% (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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
The return on equity (ROE) of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is −16.9% (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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
On an EBIT basis the return on assets of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is −12.2% (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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
The operating margin of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is −70.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
Revenue at Ningxia Xinri Hengli Steel Wire Rope Co Ltd is growing +28.7% versus a year earlier (3y avg −13.3%). 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 Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165)?
Earnings per share at Ningxia Xinri Hengli Steel Wire Rope Co Ltd are growing +81.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165) generate?
The free cash flow of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is −645M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ningxia Xinri Hengli Steel Wire Rope Co Ltd (600165) carry?
The net debt of Ningxia Xinri Hengli Steel Wire Rope Co Ltd is 219M CNY (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 30, 2026