Nanning Chemical Industry Co Ltd (600301) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Nanning Chemical Industry Co Ltd stock ¥49.50, price ¥45.69, upside +8.3%, quality 63 out of 100. Rating: fairly valued. 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 Nov 5, 2026.
How to read this chart
60‑month range ¥6.40 – ¥71.40 · fair‑value band ¥29.38 – ¥94.99 · the ¥45.69 price screens below the ¥49.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Guangxi Huaxi Nonferrous Metal Co.,Ltd engages in the exploration, mining, beneficiation, and engineering supervision of non-ferrous metals in China. It offers tin, zinc, lead, and antimony concentrates, as well as tin ingots, zinc ingots, and steel ingots.
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The company was formerly known as Nanning Chemical Industry Co., Ltd. Guangxi Huaxi Nonferrous Metal Co.,Ltd was founded in 1952 and is based in Nanning, China.
Stock analysis
Nanning Chemical Industry Co Ltd (600301) currently trades at ¥45.69, while our model-based Fair Value estimate is ¥49.50, so the stock looks roughly fairly valued today (gap 7.7%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥54.51 per share, and 2 of the 26 models we run sit above the ¥45.69 price.
Bear case: the Multiples group reads lowest at ¥17.68, and 24 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥29.38 (bear) to ¥94.99 (bull), the price of ¥45.69 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 63/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nanning Chemical Industry Co Ltd reported revenue of 5.8B CNY in FY2025 versus 394M CNY in FY2021, a compound +95.9%/yr. Reported net income was 801M CNY in FY2025, compounding +96.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 28.9B CNY (≈ $4.3B) Mid · P/E ratio 30.3 · P/S ratio 4.76 · EPS (TTM) ¥1.51 · Dividend yield 0.9% · Net margin 15.7% · Return on equity 26.1% · Return on assets (EBIT) 33.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 7% fair-value upside, at 8%, 600301 screens cheaper than that median.
Fair Value models
Bear¥29.38Fair Value ¥49.50Bull¥94.99
Price ¥45.69 · Upside +8.3%
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 (¥0.9543 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.
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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+25.3%
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.
+28.0%
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.
+45.1%
Start year 2020 (pandemic). Over 10 years: +57.0% a year
Revenue growth 30 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.
+9.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+72.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+71.6%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.55.8% vs 45.4%, picking up
Profit margin 2020 to 2025 ⓘ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% → 27%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +10.6% a year for the price.
Compare Nanning Chemical Industry 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.Other Industrial Metals & Mining · 370 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+8.3% · Top 25%
Profitability
Return on equity (12 months)26.1% · Top 25%
Return on assets14.2% · Top 25%
Net margin (12 months)25.4% · Top 25%
Operating margin (12 months)33.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)22.0% · Above median
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/E (12 months)30.3× · Priciest 25%
P/B6.02× · Priciest 25%
P/S (12 months)7.69× · Pricier than median
Price / free cash flow (fiscal year)35.8× · Pricier than median
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). "Nanning Chemical Industry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600301
Frequently asked questions
Is Nanning Chemical Industry Co Ltd (600301) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥49.50 versus a price of ¥45.69, about +8% upside (fairly valued).
What is the fair value of 600301?
Our model-based fair value for Nanning Chemical Industry Co Ltd is ¥49.50 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥45.69.
What is the quality score of 600301?
Nanning Chemical Industry Co Ltd has a Quality Score of 63/100. 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 Nanning Chemical Industry Co Ltd (600301)?
Our model-based price target is the fair value of ¥49.50 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario ¥29.38, optimistic scenario ¥94.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Nanning Chemical Industry Co Ltd stock forecast for 2026?
Our models put fair value at ¥49.50, about +8% upside versus a price of ¥45.69 (fairly valued). Cautious scenario ¥29.38, optimistic scenario ¥94.99. The calculation is refreshed regularly with new filings.
What is the revenue of Nanning Chemical Industry Co Ltd (600301)?
Nanning Chemical Industry Co Ltd reported trailing-twelve-month revenue of about 6.1B CNY (latest available figure, as of Nov 5, 2026).
Does Nanning Chemical Industry Co Ltd pay a dividend?
Nanning Chemical Industry Co Ltd currently shows a dividend yield of 0.85% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Nanning Chemical Industry Co Ltd (600301)?
For today's price to be fair in a discounted-cash-flow model, Nanning Chemical Industry Co Ltd would have to grow free cash flow by +12.4 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +45.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 600301 use?
Our models discount Nanning Chemical Industry Co Ltd at 10.0 %: a base by market capitalisation (mid), damped by beta 0.86, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nanning Chemical Industry Co Ltd that is +12.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Nanning Chemical Industry Co Ltd (600301) delivered so far?
Over the past 5 years revenue at Nanning Chemical Industry Co Ltd grew +45.1 % a year. The price currently implies free-cash-flow growth of +12.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nanning Chemical Industry Co Ltd (600301) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Nanning Chemical Industry Co Ltd (+12.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nanning Chemical Industry Co Ltd (600301)?
The free-cash-flow yield on the price is 4.51 %: that much free cash flow Nanning Chemical Industry Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nanning Chemical Industry Co Ltd (600301)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nanning Chemical Industry Co Ltd it is ¥49.50 per share (as of Nov 5, 2026), against a price of ¥45.69. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Nanning Chemical Industry Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 600301 trades below its calculated fair value: price ¥45.69, fair value ¥49.50, a gap of about +8% (fairly valued). 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 600301?
No. The price is what the market pays today (¥45.69); the fair value is what the company's own numbers justify (¥49.50). For Nanning Chemical Industry Co Ltd the two are ¥3.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nanning Chemical Industry Co Ltd worth?
The market values Nanning Chemical Industry Co Ltd at about 28.9B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥45.69; our models calculate a fair value of ¥49.50 per share.
What do the bullish and bearish scenarios say about 600301?
Our models span a range for Nanning Chemical Industry Co Ltd: cautious scenario ¥29.38, base ¥49.50, optimistic ¥94.99 per share (as of Nov 5, 2026, price ¥45.69). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600301?
Nanning Chemical Industry Co Ltd trades at a price-to-earnings ratio of 30.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥49.50 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 30.3. Other multiples: P/B 6.0, P/S 7.7, EV/EBITDA 22.2.
How solid is the balance sheet of Nanning Chemical Industry Co Ltd (600301)?
Balance-sheet figures for Nanning Chemical Industry Co Ltd (as of Nov 5, 2026): return on equity 26.1%, debt of 0.17 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 600301 from its 52-week high?
Nanning Chemical Industry Co Ltd trades at ¥45.69, about 36% below its 52-week high of ¥71.40 and 58% above the low of ¥29.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥49.50 is for.
Which stocks are comparable to Nanning Chemical Industry Co Ltd?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Fortescue Ltd, 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 Nanning Chemical Industry Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥45.69, calculated fair value ¥49.50 (+8%), Quality Score 63/100, from 26 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 600301 calculated?
We run Nanning Chemical Industry Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥49.50 builds on their evidence-weighted average, 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 12.7% above its aggregate fair value. Nanning Chemical Industry Co Ltd currently trades 8% below its own fair value, and the market average says nothing about that. 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 Nanning Chemical Industry Co Ltd (600301)?
The closing price on Nov 6, 2026 was ¥45.69. Our model-based fair value is ¥49.50, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nanning Chemical Industry Co Ltd right now?
The model range is unusually wide (¥29.38 to ¥94.99). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Nanning Chemical Industry Co Ltd
How large is the market capitalisation of Nanning Chemical Industry Co Ltd (600301)?
The market capitalisation of Nanning Chemical Industry Co Ltd is 28.9B CNY (≈ $4.3B). 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 Nanning Chemical Industry Co Ltd (600301)?
The price-to-sales ratio of Nanning Chemical Industry Co Ltd is 4.76 (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 Nanning Chemical Industry Co Ltd (600301)?
Earnings per share at Nanning Chemical Industry Co Ltd are ¥1.51 (price ÷ EPS = P/E 30.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nanning Chemical Industry Co Ltd (600301)?
The dividend yield of Nanning Chemical Industry Co Ltd is 0.9% (payout 25.8%). 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 Nanning Chemical Industry Co Ltd (600301)?
The net margin of Nanning Chemical Industry Co Ltd is 15.7% (last twelve months). 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 Nanning Chemical Industry Co Ltd (600301)?
The return on equity (ROE) of Nanning Chemical Industry Co Ltd is 26.1% (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 Nanning Chemical Industry Co Ltd (600301)?
On an EBIT basis the return on assets of Nanning Chemical Industry Co Ltd is 33.1% (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 Nanning Chemical Industry Co Ltd (600301)?
The operating margin of Nanning Chemical Industry Co Ltd is 33.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nanning Chemical Industry Co Ltd (600301)?
Revenue at Nanning Chemical Industry Co Ltd is growing +22.0% versus a year earlier (3y avg +28.0%). 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 Nanning Chemical Industry Co Ltd (600301)?
Earnings per share at Nanning Chemical Industry Co Ltd are growing +54.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nanning Chemical Industry Co Ltd (600301) carry?
The net debt of Nanning Chemical Industry Co Ltd is 49.3M CNY (fiscal year 2024, ≈ 0.0 yrs of FCF). 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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Broad data
Nov 5, 2026