EN DE

Yunnan Chihong Zinc & Germanium Co (600497) Fair Value & Analysis

Basic Materials · CN · Market cap 48.4B CNY

YC Yunnan Chihong Zinc & Germanium Co 600497 · SHG
Price¥10.45
Fair Value¥3.49
Upside-66.6%
Quality69/100
Watch Yunnan Chihong Zinc & Germanium Co for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 4.8% net margin
Low debt · generates free cash flow
0.97% dividend yield
Mixed vs. peers (8/14)
Narrow moat 38/100
Evidence: Medium Range ¥2.62 – ¥4.36 Share as image

Fair value as of: Aug 9, 2026

From 26 valuation models · updated yesterday

Share price +8.9% over the past month.

A solid business, but screening 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥4.36). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥12.80 ¥3.79 Fair Value ¥3.49 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 ¥3.79 – ¥12.80 · fair‑value band ¥2.62 – ¥4.36 · the ¥10.45 price screens above the ¥3.49 fair value. Dashed = 300-day average. As of Aug 9, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Yunnan Chihong Zinc & Germanium Co (600497) currently trades at ¥10.45, while our model-based Fair Value estimate is ¥3.49, implying the stock looks roughly 66.6% overvalued today. The Quality Score stands at 69/100 (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: medium).

Over the trailing twelve months, Yunnan Chihong Zinc & Germanium Co generated revenue of 25.3B CNY at a net margin of 4.8%. Revenue grew 23.7% year over year. It earns a return on equity of 6.1%. Net debt stands at 2.7B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥2.62 (bear case) to ¥4.36 (bull case); at ¥10.45, 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 12% below its 52-week high and 109% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -67%, 600497 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 ¥6.13 ¥10.44 ¥17.53 80
Residual Income ¥2.60 ¥2.72 ¥2.82 76
Rev-Margin DCF ¥3.86 ¥6.12 ¥8.98 74
All 26 models by family
DCF Models
FCF DCF ¥6.13 ¥10.70 ¥18.34 38
Owner Earnings ¥3.74 ¥6.55 ¥11.25 31
5Y Revenue Exit ¥3.86 ¥6.11 ¥9.03 39
5Y EBITDA Exit ¥5.02 ¥8.44 ¥12.60 41
5Y P/E Exit ¥3.56 ¥5.51 ¥7.63 38
10Y Revenue Exit ¥4.49 ¥6.85 ¥10.19 36
10Y EBITDA Exit ¥5.35 ¥8.53 ¥13.09 37
10Y P/E Exit ¥4.39 ¥6.42 ¥9.05 35
Earnings-Based
Graham-Dodd ¥1.40 ¥5.86 ¥7.99 54
Lynch FV ¥1.49 ¥2.12 ¥2.76 50
PEG = 1.0 ¥1.49 ¥2.12 ¥2.76 46
EPV ¥2.22 ¥2.60 ¥2.94 59
Dividend Discount
Gordon GGM ¥1.47 ¥3.06 ¥4.86 70
DDM Multi-Stage ¥1.47 ¥2.58 ¥3.21 61
Multiples
P/E Multiple ¥2.62 ¥3.49 ¥4.36 63
P/S Multiple ¥2.62 ¥3.49 ¥4.36 58
P/B Multiple ¥2.62 ¥3.49 ¥4.36 55
EV/EBIT ¥3.25 ¥4.37 ¥5.48 53
EV/EBITDA ¥4.91 ¥6.58 ¥8.24 54
EV/Revenue ¥2.81 ¥4.05 ¥5.29 43
Asset-Based
NCAV (Graham) ¥1.61 ¥2.16 ¥3.23 50
Growth DCF
Growth DCF ¥6.13 ¥10.44 ¥17.53 80
Rev-Margin DCF ¥3.86 ¥6.12 ¥8.98 74
Economic Profit
Residual Income ¥2.60 ¥2.72 ¥2.82 76
ROIC Compounder ¥2.22 ¥2.60 ¥2.94 72
Growth Earnings
Growth-Adj P/E ¥2.25 ¥3.21 ¥4.18 68

Widest divergence: DCF Models (¥6.55) versus Earnings-Based (¥2.12). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 25.3B CNY
Revenue growth (YoY) +23.7%
Net margin 4.8%
Return on equity 6.1%
Free cash flow 2.5B CNY FY2025
P/E ratio 38.7
More key figures
Operating margin 13.0%
EPS (TTM) ¥0.2400
Dividend yield 1.2%
EPS growth (YoY) +35.2%
Net debt 2.7B CNY FY2025

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 58

Profitability 38
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 81
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

Yunnan Chihong Zinc & Germanium Co., Ltd. operates as a mining company, engages in mining, smelting, deep processing, sales, and trading of zinc, lead, and germanium products in China. It offers high-purity germanium tetrachloride, zone-melted germanium ingots, silver ingots, gold flakes, hot-dip galvanized alloy ingots, and zinc and lead ingots.

Full company description

Yunnan Chihong Zinc & Germanium Co., Ltd. operates as a mining company, engages in mining, smelting, deep processing, sales, and trading of zinc, lead, and germanium products in China. It offers high-purity germanium tetrachloride, zone-melted germanium ingots, silver ingots, gold flakes, hot-dip galvanized alloy ingots, and zinc and lead ingots. The company was founded in 1951 and is based in Qujing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yunnan Chihong Zinc & Germanium Co reported revenue of ¥24.1B in FY2025 versus ¥21.7B in FY2021, a compound +2.6%/yr. Reported net income was ¥1.0B in FY2025, compounding +15.4%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
24.1B CNY
Latest YoY
+28.0%
Avg. growth/yr (3Y)
+3.2%
Avg. growth/yr (5Y)
+4.7%
Avg. growth/yr (24Y)
+16.6%
Revenue +2.6%/yr
FY21 ¥21.7B
FY22 ¥21.9B
FY23 ¥22.1B
FY24 ¥18.8B
FY25 ¥24.1B
Net income +15.4%/yr
FY21 ¥584M
FY22 ¥671M
FY23 ¥1.5B
FY24 ¥1.3B
FY25 ¥1.0B

600497 screens 67% overvalued. Compare with BHP Group →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Yunnan Chihong Zinc & Germanium Co Fair Value". https://www.fairvalue-calculator.com/stock/600497

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 69 · Top 25%
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 5% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth 24% · Above median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.10× · Higher than median

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

P/E (TTM) 43.5× · Pricier than 75% of peers
P/B 2.98× · Pricier than median
P/S (TTM) 1.91× · Cheaper than median
P/FCF 2.8× · Cheaper than median
EV/EBITDA 14.3× · 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 0 · sector 0
FUTURE 100 · sector 23
PAST 24 · sector 0
HEALTH 95 · sector 96
DIVIDEND 19 · 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%

Compare Yunnan Chihong Zinc & Germanium Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Yunnan Chihong Zinc & Germanium Co (600497) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥3.49 versus a price of ¥10.45, about −67% (overvalued).
What is the fair value of 600497?
Our model-based fair value for Yunnan Chihong Zinc & Germanium Co is ¥3.49 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥10.45.
What is the quality score of 600497?
Yunnan Chihong Zinc & Germanium Co has a Quality Score of 69/100. 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 Yunnan Chihong Zinc & Germanium Co (600497)?
Yunnan Chihong Zinc & Germanium Co reported trailing-twelve-month revenue of about 25.3B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600497?
The net profit margin of Yunnan Chihong Zinc & Germanium Co is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Yunnan Chihong Zinc & Germanium Co pay a dividend?
Yunnan Chihong Zinc & Germanium Co currently shows a dividend yield of about 1.18% 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.

14 days Pro free · no card

Track Yunnan Chihong Zinc & Germanium Co 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.