Huaibei Mining Holdings Co Ltd (600985) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Huaibei Mining Holdings Co Ltd stock ¥14.53, price ¥14.12, upside +2.9%, quality 41 out of 100. Rating: fairly valued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ¥9.35 – ¥20.39 · fair‑value band ¥8.69 – ¥17.92 · the ¥14.12 price screens below the ¥14.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Huaibei Mining Holdings Co.,Ltd. primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China. It operates through Coal Division, Coal Chemical Division, and Logistics Trade segments.
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The company offers coal products, including coking for smelting, coking, lean, fat, gas, poor, and thermal coals. It also provides methanol, ammonium sulfate, coal tar, refined benzene, carbonates, dimethyl carbonate, and ethylamine.
It is also involved in the explosives and detonators, non-coal mining, processing and sales, mining construction and installation engineering, electricity generation, and commodity trade business. The company was founded in 1999 and is based in Huaibei City, China.
Huaibei Mining Holdings Co.,Ltd. operates as a subsidiary of Huaibei Mining (Group) Co.,Ltd.
Stock analysis
Huaibei Mining Holdings Co Ltd (600985) currently trades at ¥14.12, while our model-based Fair Value estimate is ¥14.53, so the stock looks roughly fairly valued today (gap 2.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of ¥9.51 per share, and 1 of the 15 models we run sit above the ¥14.12 price.
Bear case: the Earnings-Based group reads lowest at ¥2.73, and 14 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥8.69 (bear) to ¥17.92 (bull), the price of ¥14.12 sits inside 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 41/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Huaibei Mining Holdings Co Ltd reported revenue of 41.1B CNY in FY2025 versus 65.4B CNY in FY2021, a compound −11.0%/yr. Reported net income was 1.5B CNY in FY2025, compounding −25.6%/yr from FY2021.
Key figures
Market cap 38.0B CNY (≈ $5.7B) Mid · P/E ratio 22.1 · P/S ratio 1.21 · EPS (TTM) ¥0.6400 · Dividend yield 1.8% · Net margin 4.1% · Return on equity 2.6% · Return on assets (EBIT) 7.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 3%, 600985 screens cheaper than that median.
Fair Value models
Bear¥8.69Fair Value ¥14.53Bull¥17.92
Price ¥14.12 · Upside +2.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.3334 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
Residual Income¥11.43¥11.39¥11.7376
EPV¥1.93¥2.46¥2.9273
ROIC Compounder¥1.93¥2.46¥2.9271
All 15 models by family
Earnings-Based
Graham-Dodd¥3.80¥9.98¥13.0365
PEG = 1.0¥1.91¥2.73¥3.5557
EPV¥1.93¥2.46¥2.9273
Dividend Discount
Gordon GGM¥5.13¥10.34¥16.5966
DDM Multi-Stage¥5.13¥7.89¥10.8166
Multiples
P/E Multiple¥7.13¥9.51¥11.8863
P/S Multiple¥7.13¥9.51¥11.8857
P/B Multiple¥13.20¥17.61¥22.0155
EV/EBIT¥1.72¥3.40¥5.0862
EV/EBITDA¥8.91¥12.99¥17.0866
EV/Revenue¥1.04¥2.92¥4.8049
Asset-Based
NCAV (Graham)¥4.10¥5.49¥8.2053
Economic Profit
Residual Income¥11.43¥11.39¥11.7376
ROIC Compounder¥1.93¥2.46¥2.9271
Growth Earnings
Growth-Adj P/E¥5.69¥8.12¥10.5667
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−37.5%
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.
−15.9%
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.
−4.7%
Start year 2020 (pandemic). Over 10 years: +0.3% a year
Revenue growth 24 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.
+29.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−17.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.7%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.7% vs −4.5%, slowing
Profit margin 2020 to 2025 ⓘ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.8% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 17.9%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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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.Specialty Chemicals · 727 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+2.9% · Above median
Profitability
Return on equity (12 months)2.6% · Below median
Return on assets2.2% · Below median
Net margin (12 months)5.4% · Below median
Operating margin (12 months)7.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.6% · Below median
Dividend yield (12 months)1.8% · Above median
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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). "Huaibei Mining Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600985
Frequently asked questions
Is Huaibei Mining Holdings Co Ltd (600985) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥14.53 versus a price of ¥14.12, about +3% upside (fairly valued).
What is the fair value of 600985?
Our model-based fair value for Huaibei Mining Holdings Co Ltd is ¥14.53 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥14.12.
What is the quality score of 600985?
Huaibei Mining Holdings Co Ltd has a Quality Score of 41/100. 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 Huaibei Mining Holdings Co Ltd (600985)?
Our model-based price target is the fair value of ¥14.53 (as of Nov 7, 2026) from 15 valuation models. Cautious scenario ¥8.69, optimistic scenario ¥17.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Huaibei Mining Holdings Co Ltd stock forecast for 2026?
Our models put fair value at ¥14.53, about +3% upside versus a price of ¥14.12 (fairly valued). Cautious scenario ¥8.69, optimistic scenario ¥17.92. The calculation is refreshed regularly with new filings.
What is the revenue of Huaibei Mining Holdings Co Ltd (600985)?
Huaibei Mining Holdings Co Ltd reported trailing-twelve-month revenue of about 41.9B CNY (latest available figure, as of Nov 7, 2026).
Does Huaibei Mining Holdings Co Ltd pay a dividend?
Huaibei Mining Holdings Co Ltd currently shows a dividend yield of 1.77% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Huaibei Mining Holdings Co Ltd (600985) and when is the ex-dividend date?
Huaibei Mining Holdings Co Ltd pays a dividend of ¥0.25 per share a year, a dividend yield of 1.8%. The last ex-dividend date was Jun 10, 2026. The payout ratio is 43.4% of earnings (on adjusted earnings, reported 39.1%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Huaibei Mining Holdings Co Ltd (600985)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Huaibei Mining Holdings Co Ltd it is ¥14.53 per share (as of Nov 7, 2026), against a price of ¥14.12. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Huaibei Mining Holdings Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 600985 trades below its calculated fair value: price ¥14.12, fair value ¥14.53, a gap of about +3% (fairly valued). 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 600985?
No. The price is what the market pays today (¥14.12); the fair value is what the company's own numbers justify (¥14.53). For Huaibei Mining Holdings Co Ltd the two are ¥0.4087 per share apart. That gap is exactly why we show both numbers side by side.
How much is Huaibei Mining Holdings Co Ltd worth?
The market values Huaibei Mining Holdings Co Ltd at about 38.0B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥14.12; our models calculate a fair value of ¥14.53 per share.
What do the bullish and bearish scenarios say about 600985?
Our models span a range for Huaibei Mining Holdings Co Ltd: cautious scenario ¥8.69, base ¥14.53, optimistic ¥17.92 per share (as of Nov 7, 2026, price ¥14.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600985?
Huaibei Mining Holdings Co Ltd trades at a price-to-earnings ratio of 22.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥14.53 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 28.1 (reported for FY2025: 25.3). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 6.5. Other multiples: P/B 0.9, P/S 1.2, EV/EBITDA 9.2.
How solid is the balance sheet of Huaibei Mining Holdings Co Ltd (600985)?
Balance-sheet figures for Huaibei Mining Holdings Co Ltd (as of Nov 7, 2026): return on equity 2.6%, debt of 0.18 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 600985 from its 52-week high?
Huaibei Mining Holdings Co Ltd trades at ¥14.12, about 25% below its 52-week high of ¥18.74 and 28% above the low of ¥11.07 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥14.53 is for.
Which stocks are comparable to Huaibei Mining Holdings Co Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Huaibei Mining Holdings Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ¥14.12, calculated fair value ¥14.53 (+3%), Quality Score 41/100, from 15 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 600985 calculated?
We run Huaibei Mining Holdings Co Ltd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥14.53 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Huaibei Mining Holdings Co Ltd currently trades 3% 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 Huaibei Mining Holdings Co Ltd (600985)?
The closing price on Nov 6, 2026 was ¥14.12. Our model-based fair value is ¥14.53, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Huaibei Mining Holdings Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (¥8.69 to ¥17.92) leaves room in how you read the outcome.
Key figures of Huaibei Mining Holdings Co Ltd
How large is the market capitalisation of Huaibei Mining Holdings Co Ltd (600985)?
The market capitalisation of Huaibei Mining Holdings Co Ltd is 38.0B CNY (≈ $5.7B). 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 Huaibei Mining Holdings Co Ltd (600985)?
The price-to-sales ratio of Huaibei Mining Holdings Co Ltd is 1.21 (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 Huaibei Mining Holdings Co Ltd (600985)?
Earnings per share at Huaibei Mining Holdings Co Ltd are ¥0.6400 (price ÷ EPS = P/E 22.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Huaibei Mining Holdings Co Ltd (600985)?
The dividend yield of Huaibei Mining Holdings Co Ltd is 1.8% (payout 43.4%, on adjusted earnings, reported 39.1%). 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 Huaibei Mining Holdings Co Ltd (600985)?
The net margin of Huaibei Mining Holdings Co Ltd is 4.1% (last twelve months). 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 Huaibei Mining Holdings Co Ltd (600985)?
The return on equity (ROE) of Huaibei Mining Holdings Co Ltd is 2.6% (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 Huaibei Mining Holdings Co Ltd (600985)?
On an EBIT basis the return on assets of Huaibei Mining Holdings Co Ltd is 7.1% (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 Huaibei Mining Holdings Co Ltd (600985)?
The operating margin of Huaibei Mining Holdings Co Ltd is 7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Huaibei Mining Holdings Co Ltd (600985)?
Revenue at Huaibei Mining Holdings Co Ltd is growing +11.6% versus a year earlier (3y avg −15.9%). 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 Huaibei Mining Holdings Co Ltd (600985)?
Earnings per share at Huaibei Mining Holdings Co Ltd are growing +129% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Huaibei Mining Holdings Co Ltd (600985) generate?
The free cash flow of Huaibei Mining Holdings Co Ltd is −1.7B 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 Huaibei Mining Holdings Co Ltd (600985) carry?
The net debt of Huaibei Mining Holdings Co Ltd is 11.9B CNY (fiscal year 2025). 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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Nov 7, 2026