Ningxia Baofeng Energy Group Co Ltd (600989) fair value: what the stock is really worth
We calculate from audited financials what Ningxia Baofeng Energy Group Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch Ningxia Baofeng Energy Group Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ¥11.17 – ¥34.70 · fair‑value band ¥10.47 – ¥32.43 · the ¥23.70 price screens above the ¥20.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Ningxia Baofeng Energy Group Co., Ltd., together with its subsidiaries, produces and sells chemical products in China and internationally. It operates through Olefin Products, Coking Products, Fine Chemical Products, and Headquarters and Other Product segments.
Show more
Ningxia Baofeng Energy Group Co., Ltd., together with its subsidiaries, produces and sells chemical products in China and internationally. It operates through Olefin Products, Coking Products, Fine Chemical Products, and Headquarters and Other Product segments. The company offers polypropylene, coking benzene, methyl tert-butyl ether, polyethylene, refined methanol, industrial sulfur, fertilizer-grade ammonium sulfate, mixed naphthalene, and coal tar pitch. It is also involved in the production and operation of olefin products; coal mining, washing, and processing; coking production and other related processes; production and operation of crude benzene; deep processing of C4; and investment and financing activities. In addition, the company engages in the manufacture and sale of synthetic materials; business, conference, exhibition, and office services; modern logistics, parking, accommodation, and domestic trade and retail; production and sale of ready-mixed concrete and precast cement components; construction projects; and private equity funds, equity investment, investment and asset management, and venture capital activities. The company was formerly known as Ningxia Baofeng Energy Co., Ltd. and changed its name to Ningxia Baofeng Energy Group Co., Ltd. in January 2014. Ningxia Baofeng Energy Group Co., Ltd., was founded in 2005 and is headquartered in Yinchuan, China.
Stock analysis
Ningxia Baofeng Energy Group Co Ltd (600989) currently trades at ¥23.70, while our model-based Fair Value estimate is ¥20.11, implying the stock looks roughly 17.9% overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥45.22 per share, and 15 of the 26 models we run sit above the ¥23.70 price.
Bear case: the Asset-Based group reads lowest at ¥4.42, and 11 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥10.47 (bear) to ¥32.43 (bull), the price of ¥23.70 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 73/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ningxia Baofeng Energy Group Co Ltd reported revenue of 47.9B CNY in FY2025 versus 23.3B CNY in FY2021, a compound +19.7%/yr. Reported net income was 11.4B CNY in FY2025, compounding +12.6%/yr from FY2021.
Key figures
Market cap 172B CNY (≈ $25.8B) · P/E ratio 13.7 · P/S ratio 3.25 · EPS (TTM) ¥1.73 · Dividend yield 3.3% · Net margin 23.7% · Return on equity 25.8% · Return on assets (EBIT) 13.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −30% fair-value upside, at −15%, 600989 screens cheaper than that median.
Fair Value models
Bear ¥10.47Fair Value ¥20.11Bull ¥32.43
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.6955 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.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.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+45.1%
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.
+19.0%
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.
+24.6%
Revenue growth 18 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.
+43.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+15.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.2%
Dividend (yield on the price)3.3%
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.20% vs 21%, steady
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.35% → 30%
2025 sits 81% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.2%
Yearly sales growth analysts expect, extended to five years.
Compare Ningxia Baofeng Energy Group Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Chemicals · 349 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−17% · Above median
Profitability
Return on equity (TTM)26% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)25% · Top 25%
Operating margin (TTM)33% · Top 25%
Growth and dividend
Revenue growth23% · Top 25%
Dividend yield (TTM)3.3% · Top 25%
Balance sheet
Debt / equity0.40× · Highest 25%
Valuation Multiplesvs 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). "Ningxia Baofeng Energy Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600989
Frequently asked questions
Is Ningxia Baofeng Energy Group Co Ltd (600989) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ¥20.11 versus a price of ¥23.70, about −15% upside (overvalued).
What is the fair value of 600989?
Our model-based fair value for Ningxia Baofeng Energy Group Co Ltd is ¥20.11 (as of Sep 18, 2026), built from audited fundamentals. The current price: ¥23.70.
What is the quality score of 600989?
Ningxia Baofeng Energy Group Co Ltd has a Quality Score of 73/100. 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 Ningxia Baofeng Energy Group Co Ltd (600989)?
Our model-based price target is the fair value of ¥20.11 (as of Sep 18, 2026) from 26 valuation models. Cautious scenario ¥10.47, optimistic scenario ¥32.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningxia Baofeng Energy Group Co Ltd stock forecast for 2026?
Our models put fair value at ¥20.11, about −15% upside versus a price of ¥23.70 (overvalued). Cautious scenario ¥10.47, optimistic scenario ¥32.43. The calculation is refreshed regularly with new filings.
What is the revenue of Ningxia Baofeng Energy Group Co Ltd (600989)?
Ningxia Baofeng Energy Group Co Ltd reported trailing-twelve-month revenue of about 50.5B CNY (latest available figure, as of Sep 18, 2026).
Does Ningxia Baofeng Energy Group Co Ltd pay a dividend?
Ningxia Baofeng Energy Group Co Ltd currently shows a dividend yield of about 3.26% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Ningxia Baofeng Energy Group Co Ltd (600989)?
For today's price to be fair in a discounted-cash-flow model, Ningxia Baofeng Energy Group Co Ltd would have to grow free cash flow by +5.6 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.6 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 600989 use?
Our models discount Ningxia Baofeng Energy Group Co Ltd at 8.7 %: a base by market capitalisation (large), damped by beta 0.26, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ningxia Baofeng Energy Group Co Ltd that is +5.6 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Ningxia Baofeng Energy Group Co Ltd (600989) delivered so far?
Over the past 5 years revenue at Ningxia Baofeng Energy Group Co Ltd grew +24.6 % a year. The price currently implies +5.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ningxia Baofeng Energy Group Co Ltd (600989) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Ningxia Baofeng Energy Group Co Ltd (+5.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ningxia Baofeng Energy Group Co Ltd (600989)?
The free-cash-flow yield on the price is 5.92 %: that much free cash flow Ningxia Baofeng Energy Group Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ningxia Baofeng Energy Group Co Ltd (600989)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningxia Baofeng Energy Group Co Ltd it is ¥20.11 per share (as of Sep 18, 2026), against a price of ¥23.70. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Ningxia Baofeng Energy Group Co Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 600989 trades above its calculated fair value: price ¥23.70, fair value ¥20.11, a gap of about −15% (overvalued). 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 600989?
No. The price is what the market pays today (¥23.70); the fair value is what the company's own numbers justify (¥20.11). For Ningxia Baofeng Energy Group Co Ltd the two are ¥3.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningxia Baofeng Energy Group Co Ltd worth?
The market values Ningxia Baofeng Energy Group Co Ltd at about 172B CNY (market capitalisation, as of Sep 18, 2026). Per share that is ¥23.70; our models calculate a fair value of ¥20.11 per share.
What do the bullish and bearish scenarios say about 600989?
Our models span a range for Ningxia Baofeng Energy Group Co Ltd: cautious scenario ¥10.47, base ¥20.11, optimistic ¥32.43 per share (as of Sep 18, 2026, price ¥23.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600989?
Ningxia Baofeng Energy Group Co Ltd trades at a price-to-earnings ratio of 13.7 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥20.11 is built from several models across several years. Other multiples: P/B 3.1, P/S 3.0, EV/EBITDA 8.9.
How solid is the balance sheet of Ningxia Baofeng Energy Group Co Ltd (600989)?
Balance-sheet figures for Ningxia Baofeng Energy Group Co Ltd (as of Sep 18, 2026): return on equity 25.8%, debt of 0.40 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 600989 from its 52-week high?
Ningxia Baofeng Energy Group Co Ltd trades at ¥23.70, about 35% below its 52-week high of ¥36.49 and 55% above the low of ¥15.33 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ¥20.11 is for.
Which stocks are comparable to Ningxia Baofeng Energy Group Co Ltd?
From the same area (Basic Materials) we also value BASF SE, A. Schulman, Inc, Dow Inc, Zhejiang Juhua Co, 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 Ningxia Baofeng Energy Group Co Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price ¥23.70, calculated fair value ¥20.11 (−15%), Quality Score 73/100, from 26 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 600989 calculated?
We run Ningxia Baofeng Energy Group Co Ltd through 26 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 ¥20.11, 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 16.1 % above its aggregate fair value. Ningxia Baofeng Energy Group Co Ltd itself currently trades above fair value. 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 Ningxia Baofeng Energy Group Co Ltd (600989)?
The closing price on Sep 21, 2026 was ¥23.70. Our model-based fair value is ¥20.11, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningxia Baofeng Energy Group Co Ltd right now?
A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The model range is unusually wide (¥10.47 to ¥32.43). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Ningxia Baofeng Energy Group Co Ltd (600989) come from?
Earnings per share at Ningxia Baofeng Energy Group Co Ltd grew +22.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +20.5 %, EBIT margin +2.0 %, tax rate −0.3 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ningxia Baofeng Energy Group Co Ltd
How large is the market capitalisation of Ningxia Baofeng Energy Group Co Ltd (600989)?
The market capitalisation of Ningxia Baofeng Energy Group Co Ltd is 172B CNY (≈ $25.8B). 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 Ningxia Baofeng Energy Group Co Ltd (600989)?
The price-to-sales ratio of Ningxia Baofeng Energy Group Co Ltd is 3.25 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ningxia Baofeng Energy Group Co Ltd (600989)?
Earnings per share at Ningxia Baofeng Energy Group Co Ltd are ¥1.73 (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ningxia Baofeng Energy Group Co Ltd (600989)?
The dividend yield of Ningxia Baofeng Energy Group Co Ltd is 3.3% (payout 44.6%). 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 Ningxia Baofeng Energy Group Co Ltd (600989)?
The net margin of Ningxia Baofeng Energy Group Co Ltd is 23.7% (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 Ningxia Baofeng Energy Group Co Ltd (600989)?
The return on equity (ROE) of Ningxia Baofeng Energy Group Co Ltd is 25.8% (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 Ningxia Baofeng Energy Group Co Ltd (600989)?
On an EBIT basis the return on assets of Ningxia Baofeng Energy Group Co Ltd is 13.3% (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 Ningxia Baofeng Energy Group Co Ltd (600989)?
The operating margin of Ningxia Baofeng Energy Group Co Ltd is 32.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningxia Baofeng Energy Group Co Ltd (600989)?
Revenue at Ningxia Baofeng Energy Group Co Ltd is growing +22.9% versus a year earlier (3y avg +19.0%). 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 Ningxia Baofeng Energy Group Co Ltd (600989)?
Earnings per share at Ningxia Baofeng Energy Group Co Ltd are growing +51.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ningxia Baofeng Energy Group Co Ltd (600989) carry?
The net debt of Ningxia Baofeng Energy Group Co Ltd is 29.6B CNY (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Ningxia Baofeng Energy Group Co Ltd in the live analysis
One click puts Ningxia Baofeng Energy Group Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
