Lingyuan Iron & Steel Co Ltd (600231) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Lingyuan Iron & Steel Co Ltd ¥1.16, price ¥1.76, upside -34.1%, quality 37 out of 100. 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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥1.23 – ¥3.87 · fair‑value band ¥0.6600 – ¥1.76 · the ¥1.76 price screens above the ¥1.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Lingyuan Iron & Steel Co., Ltd. engages in the production, operation, and development of metallurgical products; and mining, washing, and deep processing of ferrous metal ores in China. The company offers hot-rolled round steel, rebars, medium and wide bands, wire rods, welded steel pipes, ferrous metal ore mining, etc.
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Lingyuan Iron & Steel Co., Ltd. engages in the production, operation, and development of metallurgical products; and mining, washing, and deep processing of ferrous metal ores in China. The company offers hot-rolled round steel, rebars, medium and wide bands, wire rods, welded steel pipes, ferrous metal ore mining, etc. The company was founded in 1994 and is based in Lingyuan, China.
Stock analysis
Lingyuan Iron & Steel Co Ltd (600231) currently trades at ¥1.76, while our model-based Fair Value estimate is ¥1.16, implying the stock looks roughly 51.7% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥0.9400 per share, and 0 of the 3 models we run sit above the ¥1.76 price.
Bear case: the Dividend Discount group reads lowest at ¥0.4900, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥0.6600 (bear) to ¥1.76 (bull), the price of ¥1.76 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 37/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Lingyuan Iron & Steel Co Ltd reported revenue of 15.7B CNY in FY2025 versus 26.2B CNY in FY2021, a compound −12.0%/yr. Reported net income was −1.6B CNY in FY2025.
Key figures
Market cap 5.0B CNY (≈ $749M) · P/S ratio 0.35 · EPS (TTM) ¥−0.6400 · Dividend yield 2.2% · Net margin −9.9% · Return on equity −39.9% · Return on assets (EBIT) −5.1% · Operating margin −11.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −34%, 600231 screens cheaper than that median.
Fair Value models
Bear ¥0.6600Fair Value ¥1.16Bull ¥1.76
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.5%
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.
−10.1%
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.
−5.1%
Start year 2020 (pandemic). Over 10 years: +2.3% a year
Revenue growth 28 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.
+10.5%
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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.
4.0% (2020) → −9.1% (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 Lingyuan Iron & Steel Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Steel · 412 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−31% · Below median
Profitability
Return on assets−7% · Bottom 25%
Net margin (TTM)−12% · Bottom 25%
Operating margin (TTM)−12% · Bottom 25%
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)2.2% · Below median
Balance sheet
Debt / equity0.57× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.18× · Cheapest 25%
P/S (TTM)0.05× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 18
FUTURE (revenue growth)0· sector 2
PAST (return on equity)0· sector 15
HEALTH (low debt)72· sector 95
DIVIDEND (yield)45· sector 49
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). "Lingyuan Iron & Steel Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600231
Frequently asked questions
Is Lingyuan Iron & Steel Co Ltd (600231) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥1.16 versus a price of ¥1.76, about −34% upside (overvalued).
What is the fair value of 600231?
Our model-based fair value for Lingyuan Iron & Steel Co Ltd is ¥1.16 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥1.76.
What is the quality score of 600231?
Lingyuan Iron & Steel Co Ltd has a Quality Score of 37/100. 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 Lingyuan Iron & Steel Co Ltd (600231)?
Our model-based price target is the fair value of ¥1.16 (as of Sep 23, 2026) from 3 valuation models. Cautious scenario ¥0.6600, optimistic scenario ¥1.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Lingyuan Iron & Steel Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.16, about −34% upside versus a price of ¥1.76 (overvalued). Cautious scenario ¥0.6600, optimistic scenario ¥1.76. The calculation is refreshed regularly with new filings.
What is the revenue of Lingyuan Iron & Steel Co Ltd (600231)?
Lingyuan Iron & Steel Co Ltd reported trailing-twelve-month revenue of about 15.5B CNY (latest available figure, as of Sep 23, 2026).
Does Lingyuan Iron & Steel Co Ltd pay a dividend?
Lingyuan Iron & Steel Co Ltd currently shows a dividend yield of about 2.23% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Lingyuan Iron & Steel Co Ltd (600231)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lingyuan Iron & Steel Co Ltd it is ¥1.16 per share (as of Sep 23, 2026), against a price of ¥1.76. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Lingyuan Iron & Steel Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 600231 trades above its calculated fair value: price ¥1.76, fair value ¥1.16, a gap of about −34% (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 600231?
No. The price is what the market pays today (¥1.76); the fair value is what the company's own numbers justify (¥1.16). For Lingyuan Iron & Steel Co Ltd the two are ¥0.6000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lingyuan Iron & Steel Co Ltd worth?
The market values Lingyuan Iron & Steel Co Ltd at about 5.0B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥1.76; our models calculate a fair value of ¥1.16 per share.
What do the bullish and bearish scenarios say about 600231?
Our models span a range for Lingyuan Iron & Steel Co Ltd: cautious scenario ¥0.6600, base ¥1.16, optimistic ¥1.76 per share (as of Sep 23, 2026, price ¥1.76). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lingyuan Iron & Steel Co Ltd (600231)?
Balance-sheet figures for Lingyuan Iron & Steel Co Ltd (as of Sep 23, 2026): return on equity −39.9%, debt of 0.57 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 600231 from its 52-week high?
Lingyuan Iron & Steel Co Ltd trades at ¥1.76, about 34% below its 52-week high of ¥2.65 and 14% above the low of ¥1.54 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.16 is for.
Which stocks are comparable to Lingyuan Iron & Steel Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, 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 Lingyuan Iron & Steel Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price ¥1.76, calculated fair value ¥1.16 (−34%), Quality Score 37/100, from 3 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 600231 calculated?
We run Lingyuan Iron & Steel Co Ltd through 3 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 ¥1.16, 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 14.1 % above its aggregate fair value. Lingyuan Iron & Steel 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 Lingyuan Iron & Steel Co Ltd (600231)?
The closing price on Sep 23, 2026 was ¥1.76. Our model-based fair value is ¥1.16, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lingyuan Iron & Steel Co Ltd right now?
Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥0.6600 to ¥1.76). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Lingyuan Iron & Steel Co Ltd
How large is the market capitalisation of Lingyuan Iron & Steel Co Ltd (600231)?
The market capitalisation of Lingyuan Iron & Steel Co Ltd is 5.0B CNY (≈ $749M). 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 Lingyuan Iron & Steel Co Ltd (600231)?
The price-to-sales ratio of Lingyuan Iron & Steel Co Ltd is 0.35 (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 Lingyuan Iron & Steel Co Ltd (600231)?
Earnings per share at Lingyuan Iron & Steel Co Ltd are ¥−0.6400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lingyuan Iron & Steel Co Ltd (600231)?
The dividend yield of Lingyuan Iron & Steel Co Ltd is 2.2%. 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 Lingyuan Iron & Steel Co Ltd (600231)?
The net margin of Lingyuan Iron & Steel Co Ltd is −9.9% (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 Lingyuan Iron & Steel Co Ltd (600231)?
The return on equity (ROE) of Lingyuan Iron & Steel Co Ltd is −39.9% (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 Lingyuan Iron & Steel Co Ltd (600231)?
On an EBIT basis the return on assets of Lingyuan Iron & Steel Co Ltd is −5.1% (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 Lingyuan Iron & Steel Co Ltd (600231)?
The operating margin of Lingyuan Iron & Steel Co Ltd is −11.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lingyuan Iron & Steel Co Ltd (600231)?
Revenue at Lingyuan Iron & Steel Co Ltd is growing −3.5% versus a year earlier (3y avg −10.1%). 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 Lingyuan Iron & Steel Co Ltd (600231)?
Earnings per share at Lingyuan Iron & Steel Co Ltd are growing −50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lingyuan Iron & Steel Co Ltd (600231) generate?
The free cash flow of Lingyuan Iron & Steel Co Ltd is −635M 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 Lingyuan Iron & Steel Co Ltd (600231) carry?
The net debt of Lingyuan Iron & Steel Co Ltd is 1.6B CNY (fiscal year 2025). 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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