Ningbo Boway Alloy Material Company (601137) Fair Value & Analysis
Basic Materials · CN · Market cap 16.5B CNY
Fair value as of: Aug 8, 2026
From 17 valuation models · updated 2 days ago
Share price −7.2% over the past month.
Below-average quality, screening 39% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (¥18.78). The market is more pessimistic than our downside scenario.
- A fairly wide model range (¥18.78 to ¥41.14) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥9.21 – ¥27.40 · fair‑value band ¥18.78 – ¥41.14 · the ¥18.00 price screens below the ¥25.04 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Ningbo Boway Alloy Material Company (601137) currently trades at ¥18.00, while our model-based Fair Value estimate is ¥25.04, implying the stock looks roughly 39.1% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Ningbo Boway Alloy Material Company generated revenue of 21.4B CNY at a net margin of -1.3%. Revenue grew 14.0% year over year. It earns a return on equity of -3.1%. Net debt stands at 1.8B CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥18.78 (bear case) to ¥41.14 (bull case); at ¥18.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at 39%, 601137 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 17 models by family
Widest divergence: Growth Earnings (¥39.34) versus DCF Models (¥6.03). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ningbo Boway Alloy Material Company Limited researches, develops, manufactures, and sells non-ferrous alloy materials in Asia, Europe, North America, and internationally.
Full company description
Ningbo Boway Alloy Material Company Limited researches, develops, manufactures, and sells non-ferrous alloy materials in Asia, Europe, North America, and internationally. It offers copper alloy bars, copper alloy wires, copper alloy strips, precision cutting wires, precision electronic wires, welding wires, and solar photovoltaic products; and precision alloy wires, including high-conductivity superconducting materials, copper alloy products, wear-resistant bronze alloys, high-plastic brass alloys, high-corrosion-resistance cupronickel alloys, and environment-friendly alloys. The company's products are used in aerospace, high-speed rail, electronics, telecommunication, automobile, ship, engineering machine, precision molding, lead frame, household appliance, and bathroom hardware industries. The company was formerly known as Ningbo Powerway Alloy Material Company Limited and changed its name to Ningbo Boway Alloy Material Company Limited in June 2013. Ningbo Boway Alloy Material Company Limited was founded in 1993 and is based in Ningbo, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Ningbo Boway Alloy Material Company reported revenue of ¥18.7B in FY2024 versus ¥7.6B in FY2020, a compound +25.2%/yr. Reported net income was ¥1.4B in FY2024, compounding +33.3%/yr from FY2020.
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Peer Group
Copper · 58 stocks
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.
Valuation Multiples vs Copper median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Copper stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Southern Copper Corporation SCCO | $175.66 | $86.74 | -51% |
| Freeport-McMoRan Inc FCX | $61.52 | $22.81 | -63% |
| Lundin Mining Corporation LUN | C$34.86 | C$18.67 | -46% |
| Jiangxi Copper Company 600362 | ¥39.03 | ¥35.19 | -10% |
| Tongling Nonferrous Metals Group 000630 | ¥5.79 | ¥3.06 | -47% |
| Hudbay Minerals Inc HBM | C$28.58 | C$21.79 | -24% |
| Zhejiang Hailiang Co 002203 | ¥16.66 | ¥7.00 | -58% |
| Capstone Copper Corp CSC | A$13.06 | A$7.28 | -44% |
| Yunnan Copper Co 000878 | ¥14.32 | ¥9.12 | -36% |
| China Nonferrous Mining Corporation 1258 | HK$14.75 | HK$1.76 | -88% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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