Henan Yuguang Gold&Lead Co (600531) Fair Value & Analysis
Basic Materials · CN · Market cap 16.4B CNY
Fair value as of: Aug 8, 2026
From 23 valuation models · updated 2 days ago
Share price +5.3% over the past month.
Below-average quality, and screening another 11% overvalued on our models.
What matters now
- Our model range runs from ¥9.07 (bear) to ¥15.11 (bull), base ¥12.09. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
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 ¥4.29 – ¥24.79 · fair‑value band ¥9.07 – ¥15.11 · the ¥13.58 price screens above the ¥12.09 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Henan Yuguang Gold&Lead Co (600531) currently trades at ¥13.58, while our model-based Fair Value estimate is ¥12.09, implying the stock looks roughly 11.0% overvalued today. The Quality Score stands at 41/100 (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: high).
Over the trailing twelve months, Henan Yuguang Gold&Lead Co generated revenue of 55.5B CNY at a net margin of 1.6%. Revenue grew 57.3% year over year. It earns a return on equity of 14.1%. Net debt stands at 8.2B CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥9.07 (bear case) to ¥15.11 (bull case); at ¥13.58, the current price sits within 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 45% below its 52-week high and 86% 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 -11%, 600531 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.
All 23 models by family
Widest divergence: DCF Models (¥18.10) versus Growth DCF (¥1.29). Highest evidence: Growth DCF (80).
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 40 · Market factors (momentum, volatility) 40
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
Henan Yuguang Gold&Lead Co.,Ltd., together with its subsidiaries, engages in the smelting and sale of non-ferrous metals and precious metal products in China and internationally.
Full company description
Henan Yuguang Gold&Lead Co.,Ltd., together with its subsidiaries, engages in the smelting and sale of non-ferrous metals and precious metal products in China and internationally. The company offers electrolytic lead, lead and silver ingots, cathode copper, gold bar, fine bismuth and tellurium, sulfuric acid, lead alloy, modified plastic, target, active zinc oxide, copper sulfate pentahydrate, and liquid oxygen and argon. It is also involved in the recycling of waste materials; construction project and equipment repair; engineering construction; equipment maintenance; inspection of metal products and raw materials; research and development; commerce; and trade and investment businesses. The company exports its products. It serves lead, copper, , rare and precious metals, alloy development, new materials, equipment manufacture, trading logistics, chemicals, furnacing, technical consulting and service, and inspection and analysis industries. The company was founded in 2000 and is headquartered in Jiyuan, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Henan Yuguang Gold&Lead Co reported revenue of ¥49.6B in FY2025 versus ¥26.9B in FY2021, a compound +16.5%/yr. Reported net income was ¥860M in FY2025, compounding +21.1%/yr from FY2021.
600531 screens 11% overvalued. Compare with BHP Group →
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.
Valuation Multiples vs Other Industrial Metals & Mining 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.
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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 8, 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
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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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