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Xizang Zhufeng Resources Co (600338) Fair Value & Analysis

Basic Materials · CN · Market cap 12.7B CNY

XZ Xizang Zhufeng Resources Co 600338 · SHG
Price¥13.92
Fair Value¥8.12
Upside-41.7%
Quality63/100
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Mixed Growth
Highly profitable · 20.9% net margin
Low debt · generates free cash flow
0.15% dividend yield
Mixed vs. peers (7/14)
Wide moat 70/100
Evidence: High Range ¥4.26 – ¥11.49 Share as image

Fair value as of: Aug 9, 2026

From 24 valuation models · updated yesterday

Share price +3.1% over the past month.

A solid business, but screening 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.49). The favourable scenario is already priced in.
  • The model range is unusually wide (¥4.26 to ¥11.49). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥49.89 ¥7.74 Fair Value ¥8.12 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥7.74 – ¥49.89 · fair‑value band ¥4.26 – ¥11.49 · the ¥13.92 price screens above the ¥8.12 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Xizang Zhufeng Resources Co (600338) currently trades at ¥13.92, while our model-based Fair Value estimate is ¥8.12, implying the stock looks roughly 41.7% overvalued today. The Quality Score stands at 63/100 (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: high).

Over the trailing twelve months, Xizang Zhufeng Resources Co generated revenue of 2.7B CNY at a net margin of 20.9%. Revenue grew 47.9% year over year. It earns a return on equity of 12.9%. Net debt stands at 6.2M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥4.26 (bear case) to ¥11.49 (bull case); at ¥13.92, 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 51% below its 52-week high and 39% 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 -42%, 600338 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥0.7700 ¥1.51 ¥2.83 80
Residual Income ¥4.47 ¥5.20 ¥10.01 76
Rev-Margin DCF ¥2.12 ¥4.31 ¥7.29 74
All 24 models by family
DCF Models
FCF DCF ¥0.7900 ¥1.61 ¥3.19 38
Owner Earnings ¥4.21 ¥8.30 ¥15.88 31
5Y Revenue Exit ¥2.12 ¥4.44 ¥7.76 39
5Y EBITDA Exit ¥4.66 ¥9.93 ¥16.92 41
5Y P/E Exit ¥4.82 ¥10.27 ¥16.87 38
10Y Revenue Exit ¥1.58 ¥3.66 ¥7.21 36
10Y EBITDA Exit ¥3.40 ¥7.80 ¥15.23 37
10Y P/E Exit ¥3.51 ¥8.05 ¥15.18 35
Earnings-Based
Graham-Dodd ¥3.81 ¥20.54 ¥28.46 54
Lynch FV ¥5.68 ¥8.12 ¥10.56 50
PEG = 1.0 ¥5.68 ¥8.12 ¥10.56 46
EPV ¥4.17 ¥4.88 ¥5.50 59
Multiples
P/E Multiple ¥7.14 ¥9.52 ¥11.90 63
P/S Multiple ¥2.99 ¥3.99 ¥4.98 58
P/B Multiple ¥7.14 ¥9.52 ¥11.90 55
EV/EBIT ¥5.92 ¥7.93 ¥9.93 53
EV/EBITDA ¥6.80 ¥9.10 ¥11.40 54
EV/Revenue ¥2.69 ¥3.89 ¥5.08 43
Asset-Based
NCAV (Graham) ¥2.45 ¥3.28 ¥4.90 50
Growth DCF
Growth DCF ¥0.7700 ¥1.51 ¥2.83 80
Rev-Margin DCF ¥2.12 ¥4.31 ¥7.29 74
Economic Profit
Residual Income ¥4.47 ¥5.20 ¥10.01 76
ROIC Compounder ¥4.17 ¥4.88 ¥6.38 72
Growth Earnings
Growth-Adj P/E ¥7.53 ¥10.76 ¥13.99 68

Widest divergence: Growth Earnings (¥10.76) versus Growth DCF (¥1.51). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.7B CNY
Revenue growth (YoY) +47.9%
Net margin 20.9%
Return on equity 12.9%
Free cash flow 59.0M CNY FY2025
P/E ratio 28.8
More key figures
Operating margin 35.7%
EPS (TTM) ¥0.6200
Dividend yield 0.1%
EPS growth (YoY) +42.7%
Net debt 6.2M CNY FY2025

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 60 · Market factors (momentum, volatility) 21

Profitability 48
Margins and returns on capital today
Quality Growth 89
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Xizang Zhufeng Resources Co., Ltd., together with its subsidiaries, engages in the exploration, mining, beneficiation, smelting, and sale of mineral resource products in China, Tajikistan, and Argentina. The company mines for lead, zinc, brine lithium, gold, silver, and copper concentrates deposits.

Full company description

Xizang Zhufeng Resources Co., Ltd., together with its subsidiaries, engages in the exploration, mining, beneficiation, smelting, and sale of mineral resource products in China, Tajikistan, and Argentina. The company mines for lead, zinc, brine lithium, gold, silver, and copper concentrates deposits. It also engages in the trade, import, and export; research, development, service, and trasnfer of mineral resource technology and information; and investment in and management of mineral resource projects. Xizang Zhufeng Resources Co., Ltd. was founded in 1998 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xizang Zhufeng Resources Co reported revenue of ¥2.4B in FY2025 versus ¥2.0B in FY2021, a compound +4.4%/yr. Reported net income was ¥512M in FY2025, compounding −8.2%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.4B CNY
Latest YoY
+48.2%
Avg. growth/yr (3Y)
+7.2%
Avg. growth/yr (5Y)
+16.5%
Avg. growth/yr (28Y)
+2.7%
Revenue +4.4%/yr
FY21 ¥2.0B
FY22 ¥2.0B
FY23 ¥1.5B
FY24 ¥1.6B
FY25 ¥2.4B
Net income −8.2%/yr
FY21 ¥720M
FY22 ¥412M
FY23 −¥215M
FY24 ¥230M
FY25 ¥512M

600338 screens 42% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Xizang Zhufeng Resources Co Fair Value". https://www.fairvalue-calculator.com/stock/600338

Peer Group

Other Industrial Metals & Mining · 476 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.

Quality Score 63 · Top 25%
Fair Value upside −42% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 36% · Top 25%
Revenue growth 48% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 22.5× · Pricier than median
P/B 2.84× · Pricier than median
P/S (TTM) 4.71× · Pricier than median
P/FCF 32.0× · Pricier than 75% of peers
EV/EBITDA 13.6× · Pricier than median

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 · sector 0
FUTURE 100 · sector 23
PAST 52 · sector 0
HEALTH 99 · sector 96
DIVIDEND 3 · sector 21

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.

None of the checked exposures detected

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 Aug 9, 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%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Xizang Zhufeng Resources Co (600338) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥8.12 versus a price of ¥13.92, about −42% (overvalued).
What is the fair value of 600338?
Our model-based fair value for Xizang Zhufeng Resources Co is ¥8.12 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥13.92.
What is the quality score of 600338?
Xizang Zhufeng Resources Co 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 revenue of Xizang Zhufeng Resources Co (600338)?
Xizang Zhufeng Resources Co reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600338?
The net profit margin of Xizang Zhufeng Resources Co is about 20.9%, meaning it keeps roughly 20.9% of revenue as net income. Based on the latest reported figures.
Does Xizang Zhufeng Resources Co pay a dividend?
Xizang Zhufeng Resources Co currently shows a dividend yield of about 0.12% relative to its recent price (as of Aug 9, 2026).

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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