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Anyang Iron & Steel Inc (600569) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Anyang Iron & Steel Inc ¥4.49, price ¥1.77, upside +153.7%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Basic Materials · CN · ISIN CNE0000018Y4

AI Thin data Sep 24, 2026

Anyang Iron & Steel Inc

600569 · SHG

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

Fair value ¥4.49 · Strongly undervalued (+154%)
!Quality 40/100
!Weak Growth (revenue 5y −1.2 %/yr)
!Loss-making · -4.1% net margin (TTM)
!Moderate debt · negative free cash flow
!Trails peers (4/11)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥4.22 ¥1.30 Fair Value ¥4.49 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range ¥1.30 – ¥4.22 · fair‑value band ¥3.26 – ¥5.71 · the ¥1.77 price screens below the ¥4.49 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Anyang Iron and Steel Co.,Ltd. engages in the manufacture and sale of steel products by using processing technology in China and internationally.

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Anyang Iron and Steel Co.,Ltd. engages in the manufacture and sale of steel products by using processing technology in China and internationally. It offers medium and thick plates, ductile iron pipes, pig iron, sintered ore wait, cast pipes, new technology materials, and other products, steel billets, hot-rolled and cold-rolled coils, building materials, and profiles. The company also provides construction contracting, sells electrical steel strips, and metallurgical products. In addition, it offers equity investment, investment management, and assets management. The company was founded in 1993 and is based in Anyang, China. Anyang Iron and Steel Co.,Ltd. operates as a subsidiary of Anyang Iron & Steel Group Co., Ltd.

Stock analysis

Anyang Iron & Steel Inc (600569) currently trades at ¥1.77, while our model-based Fair Value estimate is ¥4.49, implying the stock looks roughly 60.6% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of ¥7.32 per share, and 2 of the 3 models we run sit above the ¥1.77 price.

Bear case: the Asset-Based group reads lowest at ¥0.5000, and 1 of the 3 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥3.26 (bear) to ¥5.71 (bull), the price of ¥1.77 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 40/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Anyang Iron & Steel Inc reported revenue of 30.0B CNY in FY2025 versus 52.6B CNY in FY2021, a compound −13.1%/yr. Reported net income was −497M CNY in FY2025.

Key figures

Market cap 5.1B CNY (≈ $759M) · P/S ratio 0.17 · EPS (TTM) ¥−0.4200 · Dividend yield 12.8% · Net margin −1.7% · Return on equity −46.0% · Return on assets (EBIT) −4.4% · Operating margin −8.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).

What moves the price

The share trades about 37% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 154%, 600569 screens cheaper than that median.

Fair Value models

Bear ¥3.26 Fair Value ¥4.49 Bull ¥5.71
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence Evidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Owner Earnings ¥5.78 ¥7.32 ¥9.32 78
EV/EBITDA ¥5.69 ¥6.91 ¥8.14 67
NCAV (Graham) ¥0.3700 ¥0.5000 ¥0.7400 54
All 3 models by family
DCF Models
Owner Earnings ¥5.78 ¥7.32 ¥9.32 78
Multiples
EV/EBITDA ¥5.69 ¥6.91 ¥8.14 67
Asset-Based
NCAV (Graham) ¥0.3700 ¥0.5000 ¥0.7400 54

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Quality Score breakdown

Overall quality 40/100

Of which business quality 37 · Market factors (momentum, volatility) 35

Profitability 15
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality Growth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 8/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+1.2%
Revenue growth 3 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.6%
Revenue growth 5 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.2%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 27 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Profit margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.9% (2020) → −1.1% (2025)
What shareholders gained per year We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupHow 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.Steel · 415 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +154% · Top 25%
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −4% · Bottom 25%
Operating margin (TTM) −9% · Bottom 25%
Growth and dividend
Revenue growth −5% · Below median
Dividend yield (TTM) 12.8% · Top 25%
Balance sheet
Debt / equity 0.56× · Highest 25%

Valuation Multiplesvs Steel median · lower = cheaper

P/B 0.36× · Cheapest 25%
P/S (TTM) 0.03× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 20
FUTURE (revenue growth)0 · sector 3
PAST (return on equity)0 · sector 16
HEALTH (low debt)72 · sector 95
DIVIDEND (yield)100 · sector 51

Context: sector, industry, market

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

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $245.66 $116.05 −53%
Steel Dynamics, Inc STLD $233.99 $127.14 −46%
JSW Steel Limited JSWSTEEL ₹1,298 ₹1,103 −15%
Tata Steel Limited TATASTEEL ₹190.82 ₹147.13 −23%
Reliance, Inc RS $386.95 $211.57 −45%
Baoshan Iron & Steel Co 600019 ¥5.73 ¥8.07 +41%
POSCO Holdings PKX $59.05 $68.58 +16%
Inner Mongolia Baotou Steel Union Co 600010 ¥2.12 ¥0.5500 −74%
Jindal Steel Limited JINDALSTEL ₹1,175 ₹516.27 −56%
Lloyds Metals and Energy Limited LLOYDSME ₹1,891 ₹771.10 −59%

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Cite: Fair Value Calculator (2026). "Anyang Iron & Steel Inc Fair Value". https://www.fairvalue-calculator.com/stock/600569

Frequently asked questions

Is Anyang Iron & Steel Inc (600569) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥4.49 versus a price of ¥1.77, about +154% upside (undervalued).
What is the fair value of 600569?
Our model-based fair value for Anyang Iron & Steel Inc is ¥4.49 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥1.77.
What is the quality score of 600569?
Anyang Iron & Steel Inc has a Quality Score of 40/100. 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 price target for Anyang Iron & Steel Inc (600569)?
Our model-based price target is the fair value of ¥4.49 (as of Sep 24, 2026) from 3 valuation models. Cautious scenario ¥3.26, optimistic scenario ¥5.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Anyang Iron & Steel Inc stock forecast for 2026?
Our models put fair value at ¥4.49, about +154% upside versus a price of ¥1.77 (undervalued). Cautious scenario ¥3.26, optimistic scenario ¥5.71. The calculation is refreshed regularly with new filings.
What is the revenue of Anyang Iron & Steel Inc (600569)?
Anyang Iron & Steel Inc reported trailing-twelve-month revenue of about 29.6B CNY (latest available figure, as of Sep 24, 2026).
Does Anyang Iron & Steel Inc pay a dividend?
Anyang Iron & Steel Inc currently shows a dividend yield of about 12.81% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Anyang Iron & Steel Inc (600569)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anyang Iron & Steel Inc it is ¥4.49 per share (as of Sep 24, 2026), against a price of ¥1.77. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Anyang Iron & Steel Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600569 trades below its calculated fair value: price ¥1.77, fair value ¥4.49, a gap of about +154% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600569?
No. The price is what the market pays today (¥1.77); the fair value is what the company's own numbers justify (¥4.49). For Anyang Iron & Steel Inc the two are ¥2.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Anyang Iron & Steel Inc worth?
The market values Anyang Iron & Steel Inc at about 5.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥1.77; our models calculate a fair value of ¥4.49 per share.
What do the bullish and bearish scenarios say about 600569?
Our models span a range for Anyang Iron & Steel Inc: cautious scenario ¥3.26, base ¥4.49, optimistic ¥5.71 per share (as of Sep 24, 2026, price ¥1.77). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Anyang Iron & Steel Inc (600569)?
Balance-sheet figures for Anyang Iron & Steel Inc (as of Sep 24, 2026): return on equity −46.0%, debt of 0.56 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 600569 from its 52-week high?
Anyang Iron & Steel Inc trades at ¥1.77, about 37% below its 52-week high of ¥2.82 and 8% above the low of ¥1.64 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.49 is for.
Which stocks are comparable to Anyang Iron & Steel Inc?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Anyang Iron & Steel Inc stock attractive at the current price?
The data as of Sep 24, 2026: price ¥1.77, calculated fair value ¥4.49 (+154%), Quality Score 40/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600569 calculated?
We run Anyang Iron & Steel Inc through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥4.49, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Anyang Iron & Steel Inc currently trades 154 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Anyang Iron & Steel Inc (600569)?
The closing price on Sep 23, 2026 was ¥1.77. Our model-based fair value is ¥4.49, about +154% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Anyang Iron & Steel Inc right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (¥3.26). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Anyang Iron & Steel Inc

How large is the market capitalisation of Anyang Iron & Steel Inc (600569)?
The market capitalisation of Anyang Iron & Steel Inc is 5.1B CNY (≈ $759M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Anyang Iron & Steel Inc (600569)?
The price-to-sales ratio of Anyang Iron & Steel Inc is 0.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Anyang Iron & Steel Inc (600569)?
Earnings per share at Anyang Iron & Steel Inc are ¥−0.4200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Anyang Iron & Steel Inc (600569)?
The dividend yield of Anyang Iron & Steel Inc is 12.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Anyang Iron & Steel Inc (600569)?
The net margin of Anyang Iron & Steel Inc is −1.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Anyang Iron & Steel Inc (600569)?
The return on equity (ROE) of Anyang Iron & Steel Inc is −46.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Anyang Iron & Steel Inc (600569)?
On an EBIT basis the return on assets of Anyang Iron & Steel Inc is −4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Anyang Iron & Steel Inc (600569)?
The operating margin of Anyang Iron & Steel Inc is −8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Anyang Iron & Steel Inc (600569)?
Revenue at Anyang Iron & Steel Inc is growing −5.1% versus a year earlier (3y avg −8.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Anyang Iron & Steel Inc (600569)?
Earnings per share at Anyang Iron & Steel Inc are growing −14.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Anyang Iron & Steel Inc (600569) generate?
The free cash flow of Anyang Iron & Steel Inc is −176M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Anyang Iron & Steel Inc (600569) carry?
The net debt of Anyang Iron & Steel Inc is 1.1B CNY (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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