Shanxi Antai Group (600408) Fair Value & Analysis
Basic Materials · CN · Market cap 2.8B CNY
Fair value as of: Aug 8, 2026
From 10 valuation models · updated 3 days ago
Share price +13.7% over the past month.
Below-average quality, and screening another 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.00). The favourable scenario is already priced in.
- The model range is unusually wide (¥0.3300 to ¥1.00). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥1.45 – ¥6.89 · fair‑value band ¥0.3300 – ¥1.00 · the ¥2.83 price screens above the ¥0.6700 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Shanxi Antai Group (600408) currently trades at ¥2.83, while our model-based Fair Value estimate is ¥0.6700, implying the stock looks roughly 76.3% overvalued today. The Quality Score stands at 48/100 (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, Shanxi Antai Group generated revenue of 5.2B CNY at a net margin of -5.6%. Revenue grew 18.7% year over year. It earns a return on equity of -21.5%. Net debt stands at 673M CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥0.3300 (bear case) to ¥1.00 (bull case); at ¥2.83, 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 59% below its 52-week high and 43% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -56% fair-value upside, at -76%, 600408 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.
All 10 models by family
Widest divergence: Growth DCF (¥2.02) versus Asset-Based (¥0.8000). Highest evidence: Growth DCF (80).
Notify me when 600408 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 36
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
Shanxi Antai Group Co.,Ltd engages in the production and sale of coke and steel products in China. The company offers h-beams; coke products; and ferrous sulfate, sulfur paste, and other chemical products. It is also involved in the steel section business, as well as manufactures and sale coal washing, coke, pig iron, cement, and electrical products.
Full company description
Shanxi Antai Group Co.,Ltd engages in the production and sale of coke and steel products in China. The company offers h-beams; coke products; and ferrous sulfate, sulfur paste, and other chemical products. It is also involved in the steel section business, as well as manufactures and sale coal washing, coke, pig iron, cement, and electrical products. It also exports its products to the United States, Europe, Japan, and Korea, and internationally. Shanxi Antai Group Co.,Ltd was incorporated in 1993 and is based in Jiexiu, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanxi Antai Group reported revenue of ¥5.0B in FY2025 versus ¥13.0B in FY2021, a compound −21.3%/yr. Reported net income was −¥300M in FY2025.
600408 screens 76% overvalued. Compare with PT Alamtri Minerals Indonesia Tbk, →
Peer Group
Coking Coal · 28 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 Coking Coal 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Coking Coal stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Alamtri Minerals Indonesia Tbk, ADMR | 1,515 IDR | 1,267 IDR | -16% |
| Warrior Met Coal, Inc HCC | $78.91 | $18.35 | -77% |
| Shanxi Meijin Energy Co 000723 | ¥3.34 | ¥1.24 | -63% |
| Alpha Metallurgical Resources, Inc AMR | $143.80 | $45.29 | -69% |
| Shougang Fushan Resources Group 0639 | HK$2.39 | HK$2.34 | -2% |
| Shanxi Coking Co 600740 | ¥3.54 | ¥1.75 | -51% |
| Kailuan Energy Chemical Co 600997 | ¥5.41 | ¥1.72 | -68% |
| Baotailong New Materials Co 601011 | ¥2.63 | ¥1.91 | -27% |
| SunCoke Energy, Inc SXC | $8.37 | $3.67 | -56% |
| Ramaco Resources, Inc METC | $10.18 | $1.80 | -82% |
Compare Shanxi Antai Group with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Shanxi Antai Group (600408) overvalued or undervalued?
What is the fair value of 600408?
What is the quality score of 600408?
What is the revenue of Shanxi Antai Group (600408)?
What is the net profit margin of 600408?
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.
Track Shanxi Antai Group and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.