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Data-driven stock valuation

Guizhou Wire Rope Co Ltd (600992) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Guizhou Wire Rope Co Ltd stock ¥2.08, price ¥8.88, that is 76.6% below the price, quality 38 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CN · ISIN CNE000001HM4

GW Guizhou Wire Rope Co Ltd logo Thin data Nov 5, 2026

Guizhou Wire Rope Co Ltd

600992 · SHG
Very expensive, weak quality

Our calculation puts a fair price 77% below what the stock costs today.

Loss over the last twelve months · -1.9% net margin (TTM) · fiscal year 2025 1.4%
Moderate debt
Revenue last quarter 14% below a year ago.
Fair value ¥2.08 · Strongly overvalued
Quality 38/100
Weak Growth (revenue 5y −0.4 %/yr in CNY)
Negative free cash flow
Trails peers (0/11)
Narrow moat 10/100 · thin data
Thin data
⟳ Cyclical
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What runs behind every stock

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

Price vs Fair Value

¥38.73 ¥6.38 Fair Value ¥2.08 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥6.38 – ¥38.73 · fair‑value band ¥1.56 – ¥2.60 · the ¥8.88 price screens above the ¥2.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Guizhou Wire Rope Incorporated Company researches, produces, processes, and sells steel wire ropes and strands, and related materials and equipment under the Julong brand in China and internationally.

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The company offers bridge cables; single, four-strand, multi-layer, special-shaped, compacted strand, point contact, parallel twisting, thick diameter, sealed, elevator, flat wire; with, and conveyor belt wire ropes, as well as wire ropes for balance, fishing, and control; commercial steel wires; and PC steel strands, including galvanized, prestressed concrete, and unbonded prestressed steel strands.

It also provides wire rope slings comprising braided cable buckles, jointless braided rigging, aluminum alloy pressed joints, limb rigging, limb rigging sets, and hot and cold castings.

The company serves the marine and military engineering, petroleum, ship, port and dock, bridge, large venue, manned ropeway, coal, metallurgy, chemical, electricity, elevator, and aerospace industries. It also exports its products to Europe, America, Asia, Africa, Oceania, and internationally.

Guizhou Wire Rope Incorporated Company was founded in 2000 and is headquartered in Zunyi, China.

Stock analysis

Guizhou Wire Rope Co Ltd (600992) currently trades at ¥8.88, while our model-based Fair Value estimate is ¥2.08, 77% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of ¥3.77 per share, and 1 of the 9 models we run sit above the ¥8.88 price.

Bear case: the Dividend Discount group reads lowest at ¥1.21, and 8 of the 9 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥1.56 (bear) to ¥2.60 (bull), the price of ¥8.88 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 38/100 (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.

Guizhou Wire Rope Co Ltd reported revenue of 2.1B CNY in FY2025 versus 2.5B CNY in FY2021, a compound −4.7%/yr. Reported net income was 29.9M CNY in FY2025, compounding −0.9%/yr from FY2021.

Key figures

Market cap 2.2B CNY (≈ $326M) Small · P/S ratio 1.13 · EPS (TTM) ¥−0.1500 · Dividend yield 1.4% · Net margin −1.9% · Return on equity −2.7% · Return on assets (EBIT) 0.0% (5-year average) · Operating margin −13.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 41% below its 52-week high and 3% 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 −77%, 600992 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥1.19 to ¥12.71). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥1.56 Fair Value ¥2.08 Bull ¥2.60
Price ¥8.88 · Downside -76.6%
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. 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 ¥3.66 ¥3.77 ¥3.99 76
Gordon GGM ¥0.9600 ¥1.19 ¥1.39 69
DDM Multi-Stage ¥0.9600 ¥1.23 ¥1.50 67
All 9 models by family
Earnings-Based
Graham-Dodd ¥0.8300 ¥1.48 ¥1.83 66
Dividend Discount
Gordon GGM ¥0.9600 ¥1.19 ¥1.39 69
DDM Multi-Stage ¥0.9600 ¥1.23 ¥1.50 67
Multiples
P/E Multiple ¥1.56 ¥2.08 ¥2.60 63
P/S Multiple ¥1.56 ¥2.08 ¥2.60 58
P/B Multiple ¥9.54 ¥12.71 ¥15.89 55
Asset-Based
NCAV (Graham) ¥2.65 ¥3.55 ¥5.29 54
Economic Profit
Residual Income ¥3.66 ¥3.77 ¥3.99 76
Growth Earnings
Growth-Adj P/E ¥1.11 ¥1.59 ¥2.06 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 19
How much profit the company makes from its sales and capital
Quality Growth 42
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 36
Debt, balance sheet and risk of trouble
Investment 74
Does it invest with discipline instead of growing at any price?
Low Volatility 52
How calm the share price moves, does not count
Price momentum 19
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

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. 18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.7%
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.
−4.4%
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.
−0.4%
Start year 2020 (pandemic). Over 10 years: +3.4% 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.
+6.5%
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.
+1.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.2%
Dividend (yield on the price)1.4%
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.−0.2% vs 4.0%, 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.2% → −4%
Pace: the 5-year rate starts in 2020 (pandemic)

600992 screens overvalued: fair value 77% below the price. Compare with Nucor Corporation →

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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.Steel · 410 stocks

Beats the industry median on 0/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −76.6% · Bottom 25%
Profitability
Return on assets 0.7% · Below median
Net margin (12 months) −1.9% · Bottom 25%
Operating margin (12 months) −13.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −14.1% · Bottom 25%
Dividend yield (12 months) 1.4% · Below median
Balance sheet
Debt / equity 0.52× · Highest 25%

Valuation Multiplesvs Steel median · lower = cheaper

P/B 1.47× · Pricier than median
P/S (12 months) 1.09× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 22
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 19
HEALTH (low debt)74 · sector 95
DIVIDEND (yield)28 · sector 52

VALUE 0: the price sits above our fair-value range.

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 Compare
Baoshan Iron & Steel Co 600019 ¥6.11 ¥8.07 +32% vs 600992
POSCO Holdings 005490 265,000 KRW 240,001 KRW −9% vs 600992
Tata Steel Limited TATASTEEL ₹186.30 ₹148.06 −21% vs 600992
JSW Steel Limited JSWSTEEL ₹1,357 ₹1,029 −24% vs 600992
ArcelorMittal S.A MT €54.82 €36.18 −34% vs 600992
Reliance, Inc RS $417.00 $211.54 −49% vs 600992
Nucor Corporation NUE $244.97 $116.49 −52% vs 600992
Jindal Steel Limited JINDALSTEL ₹1,165 ₹516.03 −56% vs 600992
Steel Dynamics, Inc STLD $222.90 $89.54 −60% vs 600992
Inner Mongolia Baotou Steel Union Co 600010 ¥1.99 ¥0.5400 −73% vs 600992

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Guizhou Wire Rope Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Guizhou Wire Rope Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600992

Frequently asked questions

Is Guizhou Wire Rope Co Ltd (600992) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥2.08 versus a price of ¥8.88, about 77% lower (overvalued).
What is the fair value of 600992?
Our model-based fair value for Guizhou Wire Rope Co Ltd is ¥2.08 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥8.88.
What is the quality score of 600992?
Guizhou Wire Rope Co Ltd has a Quality Score of 38/100. 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 Guizhou Wire Rope Co Ltd (600992)?
Our model-based price target is the fair value of ¥2.08 (as of Nov 5, 2026) from 9 valuation models. Cautious scenario ¥1.56, optimistic scenario ¥2.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Guizhou Wire Rope Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.08, about 77% lower versus a price of ¥8.88 (overvalued). Cautious scenario ¥1.56, optimistic scenario ¥2.60. The calculation is refreshed regularly with new filings.
What is the revenue of Guizhou Wire Rope Co Ltd (600992)?
Guizhou Wire Rope Co Ltd reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Nov 5, 2026).
Does Guizhou Wire Rope Co Ltd pay a dividend?
Guizhou Wire Rope Co Ltd currently shows a dividend yield of 1.39% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Guizhou Wire Rope Co Ltd (600992)?
Guizhou Wire Rope Co Ltd has a dividend yield of 1.4%.
What is the intrinsic value of Guizhou Wire Rope Co Ltd (600992)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guizhou Wire Rope Co Ltd it is ¥2.08 per share (as of Nov 5, 2026), against a price of ¥8.88. It is the blended result of 9 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Guizhou Wire Rope Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 600992 trades above its calculated fair value: price ¥8.88, fair value ¥2.08, a gap of about −77% (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 600992?
No. The price is what the market pays today (¥8.88); the fair value is what the company's own numbers justify (¥2.08). For Guizhou Wire Rope Co Ltd the two are ¥6.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Guizhou Wire Rope Co Ltd worth?
The market values Guizhou Wire Rope Co Ltd at about 2.2B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥8.88; our models calculate a fair value of ¥2.08 per share.
What do the bullish and bearish scenarios say about 600992?
Our models span a range for Guizhou Wire Rope Co Ltd: cautious scenario ¥1.56, base ¥2.08, optimistic ¥2.60 per share (as of Nov 5, 2026, price ¥8.88). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Guizhou Wire Rope Co Ltd (600992)?
Balance-sheet figures for Guizhou Wire Rope Co Ltd (as of Nov 5, 2026): return on equity −2.7%, debt of 0.52 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 600992 from its 52-week high?
Guizhou Wire Rope Co Ltd trades at ¥8.88, about 41% below its 52-week high of ¥15.01 and 3% above the low of ¥8.62 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.08 is for.
Which stocks are comparable to Guizhou Wire Rope Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW 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 Guizhou Wire Rope Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥8.88, calculated fair value ¥2.08 (−77%), Quality Score 38/100, from 9 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 600992 calculated?
We run Guizhou Wire Rope Co Ltd through 9 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 ¥2.08 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 13.3% above its aggregate fair value. Guizhou Wire Rope 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 Guizhou Wire Rope Co Ltd (600992)?
The closing price on Nov 6, 2026 was ¥8.88. Our model-based fair value is ¥2.08, about 77% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guizhou Wire Rope Co Ltd right now?
The price sits above even our optimistic bull case (¥2.60). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 Guizhou Wire Rope Co Ltd

How large is the market capitalisation of Guizhou Wire Rope Co Ltd (600992)?
The market capitalisation of Guizhou Wire Rope Co Ltd is 2.2B CNY (≈ $326M). 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 Guizhou Wire Rope Co Ltd (600992)?
The price-to-sales ratio of Guizhou Wire Rope Co Ltd is 1.13 (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 Guizhou Wire Rope Co Ltd (600992)?
Earnings per share at Guizhou Wire Rope Co Ltd are ¥−0.1500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Guizhou Wire Rope Co Ltd (600992)?
The dividend yield of Guizhou Wire Rope Co Ltd is 1.4%. 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 Guizhou Wire Rope Co Ltd (600992)?
The net margin of Guizhou Wire Rope Co Ltd is −1.9% (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 Guizhou Wire Rope Co Ltd (600992)?
The return on equity (ROE) of Guizhou Wire Rope Co Ltd is −2.7% (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 Guizhou Wire Rope Co Ltd (600992)?
On an EBIT basis the return on assets of Guizhou Wire Rope Co Ltd is 0.0% (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 Guizhou Wire Rope Co Ltd (600992)?
The operating margin of Guizhou Wire Rope Co Ltd is −13.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guizhou Wire Rope Co Ltd (600992)?
Revenue at Guizhou Wire Rope Co Ltd is growing −14.1% versus a year earlier (3y avg −4.4%). 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 Guizhou Wire Rope Co Ltd (600992)?
Earnings per share at Guizhou Wire Rope Co Ltd are growing −51.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Guizhou Wire Rope Co Ltd (600992) generate?
The free cash flow of Guizhou Wire Rope Co Ltd is −164M 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 Guizhou Wire Rope Co Ltd (600992) carry?
The net debt of Guizhou Wire Rope Co Ltd is 543M 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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