Shandong Nanshan Aluminium Co (600219) Fair Value & Analysis

Basic Materials · CN · Market cap 54.2B CNY

A solid business, but screening 18% overvalued on our models.

What matters now

• Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from ¥2.98 (bear) to ¥4.96 (bull), base ¥3.97. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 64/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range ¥2.75 – ¥8.16 · fair‑value band ¥2.98 – ¥4.96 · the ¥4.84 price screens above the ¥3.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Shandong Nanshan Aluminium Co (600219) currently trades at ¥4.84, while our model-based Fair Value estimate is ¥3.97, implying the stock looks roughly 18.0% overvalued today. The Quality Score stands at 64/100 (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, Shandong Nanshan Aluminium Co generated revenue of 34.7B CNY at a net margin of 11.9%. Revenue grew 1.0% year over year. It earns a return on equity of 8.0%. The balance sheet holds a net cash position of 18.6B CNY. Fundamentals as of Aug 7, 2026

Our scenario range runs from ¥2.98 (bear case) to ¥4.96 (bull case); at ¥4.84, 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 43% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 19% fair-value upside, at -18%, 600219 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.

Widest divergence: DCF Models (¥10.20) versus Asset-Based (¥2.89). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Shandong Nanshan Aluminium Co.,Ltd. engages in the aluminum processing business worldwide. The company offers upstream products, such as power generation, alumina, aluminum alloy ingots, and aluminum foil, as well as downstream products, including aluminum sheets and strips, which consist of automotive sheets, aviation sheets, and can materials; and …

Full company description

Shandong Nanshan Aluminium Co.,Ltd. engages in the aluminum processing business worldwide. The company offers upstream products, such as power generation, alumina, aluminum alloy ingots, and aluminum foil, as well as downstream products, including aluminum sheets and strips, which consist of automotive sheets, aviation sheets, and can materials; and industrial and building aluminum profiles. It also engages in the production of various aluminum alloy hot-rolled coils and new alloy products; research and development of high-tech projects and technology transfer; sale of building materials; laboratory testing of materials and its products; processing and refining bauxite; medical business; research, development, production, and sale of aviation and aerospace components; and metal scrap and shavings processing. In addition, the company is involved in the recycling of industrial waste metals; sale of non-ferrous metal alloys; health consultation services, engineering management services, and human resource management services; non-ferrous metal milling; research, development, production, and sale of chlor-alkali chemical products; trade of chemical products; sale of photovoltaic power generation; and sale of metal materials and ores. Its products are used in aviation, automotive, rail transportation, shipbuilding, energy, petrochemical, container, industrial profiles, high-quality civil profiles, high-end system doors and windows, containers, food packaging, battery foil, and deep aluminum processing fields. The company was formerly known as Shandong Nanshan Industrial Co., Ltd. and changed its name to Shandong Nanshan Aluminium Co.,Ltd. in March 2006. Shandong Nanshan Aluminium Co.,Ltd. was incorporated in 1993 and is headquartered in Longkou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong Nanshan Aluminium Co reported revenue of ¥34.6B in FY2025 versus ¥28.7B in FY2021, a compound +4.7%/yr. Reported net income was ¥4.7B in FY2025, compounding +8.5%/yr from FY2021.

600219 screens 18% overvalued. Compare with China Hongqiao Group →

Peer Group

Aluminum · 83 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 Aluminum 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.

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.

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Frequently asked questions

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.