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Jiangxi Copper Company (600362) Fair Value & Analysis

Basic Materials · CN · Market cap 135B CNY

JC Jiangxi Copper Company 600362 · SHG
Price¥46.25
Fair Value¥35.19
Upside-23.9%
Quality49/100
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Expensive Growth
Thin margins · 1.4% net margin
Low debt · negative free cash flow
2.41% dividend yield
Ranks above peers (10/14)
Narrow moat 33/100
Evidence: Medium Range ¥22.26 – ¥43.99 Share as image

Fair value as of: Jul 17, 2026

From 17 valuation models · updated 21 days ago

Fair value updated Jul 17, 2026, revised from ¥34.15 to ¥35.19 (+3.0%) since Jul 5, 2026. Share price +13.5% over the past month.

Below-average quality, and screening another 24% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥43.99). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥22.26 to ¥43.99) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥70.47 ¥14.67 Fair Value ¥35.19 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range ¥14.67 – ¥70.47 · fair‑value band ¥22.26 – ¥43.99 · the ¥46.25 price screens above the ¥35.19 fair value. Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Jiangxi Copper Company (600362) currently trades at ¥46.25, while our model-based Fair Value estimate is ¥35.19, implying the stock looks roughly 23.9% overvalued today. We read business quality at 49/100 (below-average 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, Jiangxi Copper Company generated revenue of 573B CNY at a net margin of 1.4%. Revenue grew 25.4% year over year. It earns a return on equity of 9.2%. Net debt stands at 45.3B CNY. Fundamentals as of Jul 17, 2026

Our scenario range runs from ¥22.26 (bear case) to ¥43.99 (bull case); at ¥46.25, 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 35% below its 52-week high and 115% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -47% fair-value upside, at -24%, 600362 screens cheaper 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
Residual Income ¥20.16 ¥21.94 ¥28.07 76
ROIC Compounder ¥53.69 ¥71.96 ¥96.67 72
Gordon GGM ¥10.12 ¥21.05 ¥33.39 70
All 17 models by family
DCF Models
Owner Earnings ¥31.27 ¥55.25 ¥100.56 31
Earnings-Based
Graham-Dodd ¥14.08 ¥79.38 ¥110.29 54
Lynch FV ¥22.26 ¥31.80 ¥41.33 50
PEG = 1.0 ¥22.26 ¥31.80 ¥41.33 46
EPV ¥46.37 ¥52.90 ¥58.60 59
Dividend Discount
Gordon GGM ¥10.12 ¥21.05 ¥33.39 70
DDM Multi-Stage ¥10.12 ¥17.75 ¥22.09 61
Multiples
P/E Multiple ¥31.05 ¥41.40 ¥51.75 63
P/S Multiple ¥26.39 ¥35.19 ¥43.99 58
P/B Multiple ¥26.39 ¥35.19 ¥43.99 55
EV/EBIT ¥73.25 ¥95.25 ¥117.26 53
EV/EBITDA ¥64.42 ¥83.48 ¥102.55 54
EV/Revenue ¥51.73 ¥70.80 ¥89.87 43
Asset-Based
NCAV (Graham) ¥11.80 ¥15.81 ¥23.60 50
Economic Profit
Residual Income ¥20.16 ¥21.94 ¥28.07 76
ROIC Compounder ¥53.69 ¥71.96 ¥96.67 72
Growth Earnings
Growth-Adj P/E ¥32.51 ¥46.45 ¥60.38 68

Widest divergence: DCF Models (¥55.25) versus Asset-Based (¥15.81). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 573B CNY
Revenue growth (YoY) +25.4%
Net margin 1.4%
Return on equity 9.2%
Free cash flow −11.1B CNY FY2025
P/E ratio 19.1
More key figures
Operating margin 3.9%
EPS (TTM) ¥2.32
Dividend yield 2.2%
EPS growth (YoY) +43.9%
Net debt 45.3B CNY FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 48

Profitability 42
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 84
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

Jiangxi Copper Company Limited, together with its subsidiaries, engages in mining, beneficiation, smelting, and processing of copper and gold in Chinese Mainland, China, Hong Kong, and internationally. It operates through two segments, Copper-related Industries and Gold-related Industries.

Full company description

Jiangxi Copper Company Limited, together with its subsidiaries, engages in mining, beneficiation, smelting, and processing of copper and gold in Chinese Mainland, China, Hong Kong, and internationally. It operates through two segments, Copper-related Industries and Gold-related Industries. The company is involved in the businesses of copper, gold, lead and zinc, trade, finance, new materials, engineering construction, equipment manufacturing, information technology, energy conservation and environment protection. It also engages in the extraction and processing of precious metals and scattered metals; smelting, rolling processing, and deep processing of non-ferrous metals and related by-products; research, development, production, and sales of copper materials; manufacture and sales of wires and cables, and trade of related products business. The company was founded in 1979 and is headquartered in Guixi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangxi Copper Company reported revenue of ¥545B in FY2025 versus ¥443B in FY2021, a compound +5.3%/yr. Reported net income was ¥7.1B in FY2025, compounding +6.1%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
545B CNY
Latest YoY
+4.5%
Avg. growth/yr (3Y)
+4.3%
Avg. growth/yr (5Y)
+11.3%
Avg. growth/yr (27Y)
+22.2%
Revenue +5.3%/yr
FY21 ¥443B
FY22 ¥480B
FY23 ¥522B
FY24 ¥521B
FY25 ¥545B
Net income +6.1%/yr
FY21 ¥5.6B
FY22 ¥6.0B
FY23 ¥6.5B
FY24 ¥7.0B
FY25 ¥7.1B

600362 screens 24% overvalued. Compare with Southern Copper Corporation →

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Cite: Fair Value Calculator (2026). "Jiangxi Copper Company Fair Value". https://www.fairvalue-calculator.com/stock/600362

Peer Group

Copper · 58 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 49 · Above median
Fair Value upside −24% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 25% · Below median
Dividend yield (TTM) 2.4% · Top 25%
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Copper median · lower = cheaper

P/E (TTM) 16.8× · Cheaper than median
P/B 1.66× · Cheaper than median
P/S (TTM) 0.24× · Cheaper than 75% of peers
EV/EBITDA 5.0× · Cheaper than 75% of peers
PEG 3.25× · Pricier than 75% of peers

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 1 · sector 0
FUTURE 100 · sector 100
PAST 37 · sector 22
HEALTH 94 · sector 93
DIVIDEND 48 · sector 20

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 Copper stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Southern Copper Corporation SCCO $175.66 $86.74 -51%
Freeport-McMoRan Inc FCX $61.52 $22.81 -63%
Lundin Mining Corporation LUN C$34.86 C$18.67 -46%
Tongling Nonferrous Metals Group 000630 ¥5.79 ¥3.06 -47%
Hudbay Minerals Inc HBM C$28.58 C$21.79 -24%
Zhejiang Hailiang Co 002203 ¥16.66 ¥7.00 -58%
Capstone Copper Corp CSC A$13.06 A$7.28 -44%
Yunnan Copper Co 000878 ¥14.32 ¥9.12 -36%
China Nonferrous Mining Corporation 1258 HK$14.75 HK$1.76 -88%
Hindustan Copper Limited HINDCOPPER ₹486.15 ₹158.42 -67%

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Frequently asked questions

Is Jiangxi Copper Company (600362) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of ¥35.19 versus a price of ¥46.25, about −24% (overvalued).
What is the fair value of 600362?
Our model-based fair value for Jiangxi Copper Company is ¥35.19 (as of Jul 17, 2026), built from audited fundamentals. The current price is ¥46.25.
What is the quality score of 600362?
Jiangxi Copper Company has a Quality Score of 49/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Jiangxi Copper Company (600362)?
Jiangxi Copper Company reported trailing-twelve-month revenue of about 573B CNY (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 600362?
The net profit margin of Jiangxi Copper Company is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Jiangxi Copper Company pay a dividend?
Jiangxi Copper Company currently shows a dividend yield of about 2.17% relative to its recent price (as of Jul 17, 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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