Western Mining Co (601168) Fair Value & Analysis
Basic Materials · CN · Market cap 73.2B CNY
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 17 days ago
Share price +43.0% over the past month.
What matters 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 price sits above even our optimistic bull case (¥32.48). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (12 months)
12‑month range ¥16.18 – ¥39.55 · fair‑value band ¥19.49 – ¥32.48 · the ¥37.72 price screens above the ¥25.99 fair value. As of Jul 11, 2026.
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Western Mining Co (601168) currently trades at ¥37.72, while our model-based Fair Value estimate is ¥25.99, implying the stock looks roughly 31.1% overvalued today. We read business quality at 73/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Western Mining Co generated revenue of 63.9B CNY at a net margin of 6.9%. Revenue grew 13.2% year over year. It earns a return on equity of 27.5%. Net debt stands at 17.3B CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥19.49 (bear case) to ¥32.48 (bull case); at ¥37.72, the current price sits above that range. The share trades about 9% below its 52-week high and 149% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -41% fair-value upside, at -31%, 601168 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
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
Western Mining Co.,Ltd., together with its subsidiaries, engages in the mining, beneficiation, smelting, and trading of metals in Mainland China and internationally. It operates through Nonferrous Metal Mining, Beneficiation and Smelting; Metal Trading; and Financial Service segments.
Full company description
Western Mining Co.,Ltd., together with its subsidiaries, engages in the mining, beneficiation, smelting, and trading of metals in Mainland China and internationally. It operates through Nonferrous Metal Mining, Beneficiation and Smelting; Metal Trading; and Financial Service segments. The company offers basic non-ferrous metals and ferrous metals, such as copper, lead, zinc, iron, nickel, vanadium, and molybdenum; rare and precious metals consisting of gold, silver, and sulfur concentrates; cathode copper; lead and zinc concentrates, copper concentrate, iron ore concentrate and pellets; and zinc ingots and powder, tailings and sulfur slag treatments, electrolytic lead and copper, and ammonium metavanadate. It also engages in trading and futures hedging of non-ferrous metals, including copper, lead, zinc, aluminum, and nickel. In addition, the company provides fund management; mining project investment; finance; and chemical production services. Western Mining Co.,Ltd. was founded in 2000 and is headquartered in Xining, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Western Mining Co reported revenue of ¥61.5B in FY2025 versus ¥38.5B in FY2021, a compound +12.4%/yr. Reported net income was ¥3.6B in FY2025, compounding +5.6%/yr from FY2021.
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Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHPLF | $44.00 | $23.74 | -46% |
| Rio Tinto Group RTNTF | $129.57 | $76.59 | -41% |
| Grupo México, S.A. GMBXF | $11.89 | $9.58 | -19% |
| CMOC Group CMCLY | $148.88 | $119.76 | -20% |
| Vale S.A VALE | $15.71 | $9.14 | -42% |
| Anglo American plc AAUKF | $51.51 | $20.30 | -61% |
| Fortescue Ltd FSUMF | $14.80 | $15.72 | +6% |
| China Tungsten And Hightech Materials Co 000657 | ¥108.33 | ¥10.89 | -90% |
| Hindustan Zinc Limited HINDZINC | ₹547.55 | ₹625.07 | +14% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥54.15 | ¥6.74 | -88% |
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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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.