Xian LONGi Silicon Materials Corp (601012) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Xian LONGi Silicon Materials Corp stock ¥17.96, price ¥12.47, upside +44.0%, quality 43 out of 100. Rating: undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
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The stock costs 31% less than our calculation considers fair.
Fair value ¥17.96 · Undervalued (31%)
Low debt
Even on cautious assumptions the value is 11% above the price (¥13.86).
Quality 43/100
Mixed Growth(revenue 5y +5.2 %/yr in CNY)
Loss-making · -11.7% net margin (TTM)
Negative free cash flow
Trails peers(4/13)
Narrow moat10/100 · thin data
Thin data
⟳ Cyclical
Risks from the AI analysis
🚩Price drop: Revenue down sharply and ongoing losses from solar panel price pressure🚩Price competition from JinkoSolar and Trina Solar🚩US tariffs and restrictions on Chinese solar and storage equipment
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 3, 2026.
How to read this chart
60‑month range ¥10.77 – ¥70.30 · fair‑value band ¥13.86 – ¥22.06 · the ¥12.47 price screens below the ¥17.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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LONGi Green Energy Technology Co., Ltd. manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.
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The company offers monocrystalline silicon wafers, including tere, p-type, and n-type silicon wafers; high conversion rate components comprising Hi-MO X10, Hi-MO 9, Hi-MO 7, Hi-MO X6 Max, Hi-MO X6, Hi-MO 5m, and Hi-MO 5; green hydrogen production equipment that include ALK Hi1 and ALK G; and building photovoltaics, such as LONGi Hi ROOF S and E, as well as Longji Longding 6 and Longjin 3. It also provides solutions for distributed photovoltaic power stations, ground-mounted photovoltaic power stations, and building-integrated photovoltaics.
The company was formerly known as Xi'an LONGI Silicon Materials Corp. and changed its name to LONGi Green Energy Technology Co., Ltd. in January 2017. LONGi Green Energy Technology Co., Ltd. was founded in 2000 and is based in Xi'an, China.
Stock analysis
Xian LONGi Silicon Materials Corp (601012) currently trades at ¥12.47, while our model-based Fair Value estimate is ¥17.96, implying the stock looks roughly 31% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 94/100, which puts the data coverage at low.
Scenario range: ¥13.86 (bear) to ¥22.06 (bull), the price of ¥12.47 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 43/100 (below-average quality), in the Technology sector.
Mixed Growth: Spin-off in 2019: revenue and profit before it include the divested business. Growth is measured afresh from 2019.
Xian LONGi Silicon Materials Corp reported revenue of 70.3B CNY in FY2025 versus 80.6B CNY in FY2021, a compound −3.3%/yr. Reported net income was −6.4B CNY in FY2025.
Key figures
Market cap 94.5B CNY (≈ $14.2B) Large · P/S ratio 1.31 · EPS (TTM) ¥−1.00 · Dividend yield 0.6% · Net margin −11.7% · Return on equity −14.3% · Return on assets (EBIT) 4.2% · Operating margin −8.8%.
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 45% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −9% fair-value upside, at 44%, 601012 screens cheaper than that median.
Fair Value models
Bear¥13.86Fair Value ¥17.96Bull¥22.06
Price ¥12.47 · Upside +44.0%
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
EV/EBITDA¥6.93¥8.98¥11.0367
NCAV (Graham)¥3.51¥4.70¥7.0254
All 2 models by family
Multiples
EV/EBITDA¥6.93¥8.98¥11.0367
Asset-Based
NCAV (Graham)¥3.51¥4.70¥7.0254
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.55/100
Spin-off in 2019: revenue and profit before it include the divested business. Growth is measured afresh from 2019.
Revenue growth 1 year
−14.8%
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.
−18.3%
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.
+5.2%
Start year 2020 (pandemic)
Revenue growth 6 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.
+13.5%
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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.
18.3% (2020) → −6.5% (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
AI conclusion: The business shows emerging strength through energy storage expansion yet remains weakened by negative net income, negative free cash flow and solar margin pressure.
Main risk: Intense price competition from rivals such as JinkoSolar and Trina Solar amid persistent industry overcapacity could continue to squeeze LONGi's module and wafer margins and prolong losses.
Bull case: LONGi could leverage its tandem cell efficiency records and storage expansion to differentiate products and capture demand in less restricted markets or integrated solar-plus-storage solutions.
Bear case: If US restrictions tighten further and domestic price competition persists, LONGi might see its core solar business and new storage ventures confined to lower-margin Chinese and select export markets with ongoing losses.
LONGi is scaling up energy storage with a new Suzhou manufacturing base now operating and targeting 50 GWh annual capacity next year. First-half results meanwhile showed revenue down sharply and ongoing losses as solar panel prices remain under pressure from overcapacity. Our models see the shares as undervalued in this setting. Can the storage expansion offset solar margin weakness faster than expected or will the core business continue to weigh on results?
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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.Semiconductor Equipment & Materials · 233 stocks
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Is Xian LONGi Silicon Materials Corp (601012) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥17.96 versus a price of ¥12.47, about +44% upside (undervalued).
What is the fair value of 601012?
Our model-based fair value for Xian LONGi Silicon Materials Corp is ¥17.96 (as of Nov 3, 2026), built from audited fundamentals. The current price: ¥12.47.
What is the quality score of 601012?
Xian LONGi Silicon Materials Corp has a Quality Score of 43/100. 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 Xian LONGi Silicon Materials Corp (601012)?
Our model-based price target is the fair value of ¥17.96 (as of Nov 3, 2026) from 2 valuation models. Cautious scenario ¥13.86, optimistic scenario ¥22.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Xian LONGi Silicon Materials Corp stock forecast for 2026?
Our models put fair value at ¥17.96, about +44% upside versus a price of ¥12.47 (undervalued). Cautious scenario ¥13.86, optimistic scenario ¥22.06. The calculation is refreshed regularly with new filings.
What is the revenue of Xian LONGi Silicon Materials Corp (601012)?
Xian LONGi Silicon Materials Corp reported trailing-twelve-month revenue of about 64.6B CNY (latest available figure, as of Nov 3, 2026).
Does Xian LONGi Silicon Materials Corp pay a dividend?
Xian LONGi Silicon Materials Corp currently shows a dividend yield of 0.56% relative to its recent price (as of Nov 3, 2026).
What is the intrinsic value of Xian LONGi Silicon Materials Corp (601012)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Xian LONGi Silicon Materials Corp it is ¥17.96 per share (as of Nov 3, 2026), against a price of ¥12.47. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Xian LONGi Silicon Materials Corp stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 601012 trades below its calculated fair value: price ¥12.47, fair value ¥17.96, a gap of about +44% (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 601012?
No. The price is what the market pays today (¥12.47); the fair value is what the company's own numbers justify (¥17.96). For Xian LONGi Silicon Materials Corp the two are ¥5.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is Xian LONGi Silicon Materials Corp worth?
The market values Xian LONGi Silicon Materials Corp at about 94.5B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥12.47; our models calculate a fair value of ¥17.96 per share.
What do the bullish and bearish scenarios say about 601012?
Our models span a range for Xian LONGi Silicon Materials Corp: cautious scenario ¥13.86, base ¥17.96, optimistic ¥22.06 per share (as of Nov 3, 2026, price ¥12.47). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 601012?
The PEG ratio of Xian LONGi Silicon Materials Corp is 0.74 (P/E divided by earnings growth, as of Nov 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Xian LONGi Silicon Materials Corp (601012)?
Balance-sheet figures for Xian LONGi Silicon Materials Corp (as of Nov 3, 2026): return on equity −14.3%, debt of 0.30 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 601012 from its 52-week high?
Xian LONGi Silicon Materials Corp trades at ¥12.47, about 45% below its 52-week high of ¥22.80 and 16% above the low of ¥10.77 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥17.96 is for.
Which stocks are comparable to Xian LONGi Silicon Materials Corp?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA 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 Xian LONGi Silicon Materials Corp stock attractive at the current price?
The data as of Nov 3, 2026: price ¥12.47, calculated fair value ¥17.96 (+44%), Quality Score 43/100, from 2 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 601012 calculated?
We run Xian LONGi Silicon Materials Corp through 2 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 ¥17.96, 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 15.6% above its aggregate fair value. Xian LONGi Silicon Materials Corp currently trades 31% 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 Xian LONGi Silicon Materials Corp (601012)?
The closing price on Nov 5, 2026 was ¥12.47. Our model-based fair value is ¥17.96, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Xian LONGi Silicon Materials Corp right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (¥13.86). 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.
Where does the earnings growth of Xian LONGi Silicon Materials Corp (601012) come from?
Earnings per share at Xian LONGi Silicon Materials Corp grew +50.3 % a year from 2013 to 2024. Broken into its drivers: revenue per share +45.3 %, EBIT margin +4.2 %, tax rate +0.1 %, residual (interest, one-offs) −0.9 %. 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 Xian LONGi Silicon Materials Corp
How large is the market capitalisation of Xian LONGi Silicon Materials Corp (601012)?
The market capitalisation of Xian LONGi Silicon Materials Corp is 94.5B CNY (≈ $14.2B). 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 Xian LONGi Silicon Materials Corp (601012)?
The price-to-sales ratio of Xian LONGi Silicon Materials Corp is 1.31 (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 Xian LONGi Silicon Materials Corp (601012)?
Earnings per share at Xian LONGi Silicon Materials Corp are ¥−1.00. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Xian LONGi Silicon Materials Corp (601012)?
The dividend yield of Xian LONGi Silicon Materials Corp is 0.6%. 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 Xian LONGi Silicon Materials Corp (601012)?
The net margin of Xian LONGi Silicon Materials Corp is −11.7% (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 Xian LONGi Silicon Materials Corp (601012)?
The return on equity (ROE) of Xian LONGi Silicon Materials Corp is −14.3% (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 Xian LONGi Silicon Materials Corp (601012)?
On an EBIT basis the return on assets of Xian LONGi Silicon Materials Corp is 4.2% (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 Xian LONGi Silicon Materials Corp (601012)?
The operating margin of Xian LONGi Silicon Materials Corp is −8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Xian LONGi Silicon Materials Corp (601012)?
Revenue at Xian LONGi Silicon Materials Corp is growing −17.3% versus a year earlier (3y avg −18.3%). 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 Xian LONGi Silicon Materials Corp (601012)?
Earnings per share at Xian LONGi Silicon Materials Corp are growing +43.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Xian LONGi Silicon Materials Corp (601012) generate?
The free cash flow of Xian LONGi Silicon Materials Corp is −1.5B 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 cash does Xian LONGi Silicon Materials Corp (601012) hold?
Xian LONGi Silicon Materials Corp holds more cash than debt, 6.0B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026