Ningbo Fubang (600768) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ningbo Fubang stock ¥3.25, price ¥11.80, that is 72.5% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
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Ningbo Fubang
600768 · SHGOur calculation puts a fair price 72% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥6.22 – ¥19.32 · fair‑value band ¥2.56 – ¥4.08 · the ¥11.80 price screens above the ¥3.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Company profile
Ningbo Fubang Jingye Group Co.,Ltd engages in the production, processing, and sale of industrial aluminum plates, strips, and aluminum profiles in China and internationally. It also trades in aluminum casting rods, as well as offers warehousing services.
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The company also engages in automobile repair, wholesale of coal, manufacturing and processing of non-ferrous metal composite materials, new alloy materials, manufacturing and processing of aluminum and aluminum alloy sheets, strips, foils, and aluminum profile products; processing of plastic products and auto parts; wholesale and retail of electromechanical equipment, loading and unloading machinery.
In addition, it offers vehicle accessories, textile raw materials, hardware and electrical appliances, building materials, metal materials, chemical raw materials, rubber products, wood, daily necessities, and textile products; lifting and installation; loading and unloading; warehousing; cargo yard leasing; parking lot; and real estate development.
The company was formerly known as Ningbo Huatong Transportation Co., Ltd. Ningbo Fubang Jingye Group Co.,Ltd was founded in 2002 and is headquartered in Ningbo, China.
Stock analysis
Ningbo Fubang (600768) currently trades at ¥11.80, while our model-based Fair Value estimate is ¥3.25, 72% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥6.41 per share, and 0 of the 17 models we run sit above the ¥11.80 price.
Bear case: the Dividend Discount group reads lowest at ¥1.55, and 17 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥2.56 (bear) to ¥4.08 (bull), the price of ¥11.80 sits above 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 56/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ningbo Fubang reported revenue of 1.2B CNY in FY2025 versus 417M CNY in FY2021, a compound +29.1%/yr. Reported net income was 58.6M CNY in FY2025, compounding +101.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.6B CNY (≈ $236M) Micro · P/E ratio 17.1 · P/S ratio 1.23 · EPS (TTM) ¥0.6900 · Dividend yield 0.4% · Net margin 5.1% · Return on equity 25.8% · Return on assets (EBIT) 11.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 0% fair-value upside, at −72%, 600768 screens richer than that median.
Fair Value models
All 17 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Compare Ningbo Fubang with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Aluminum · 83 stocks
Valuation Multiplesvs Aluminum median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Aluminum stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| China Hongqiao Group 1378 | HK$20.40 | HK$30.16 | +48% | vs 600768 |
| Henan Shenhuo Coal Industry and Electricity Power Co 000933 | ¥25.26 | ¥32.01 | +27% | vs 600768 |
| Press Metal Aluminium Holdings 8869 | 6.85 MYR | 7.54 MYR | +10% | vs 600768 |
| Hindalco Industries Limited HINDALCO | ₹958.40 | ₹1,026 | +7% | vs 600768 |
| Alcoa Corporation AA | $39.54 | $39.73 | +0% | vs 600768 |
| Norsk Hydro ASA NHY | kr 68.38 | kr 66.35 | −3% | vs 600768 |
| Tianshan Aluminum Group 002532 | ¥12.04 | ¥11.42 | −5% | vs 600768 |
| Shandong Hongqiao Aluminum Industry Holding 002379 | ¥14.72 | ¥8.12 | −45% | vs 600768 |
| Yunnan Aluminium Co 000807 | ¥24.52 | ¥13.49 | −45% | vs 600768 |
| Aluminum Corporation 601600 | ¥8.59 | ¥4.16 | −52% | vs 600768 |
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Key figures of Ningbo Fubang
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