Western Mining Co Ltd (601168) fair value: what the stock is really worth
We calculate from audited financials what Western Mining 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, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
A solid business, but trading 56% above our fair value of ¥25.99.
As of Aug 23, 2026, the fair value of Western Mining Co Ltd is ¥25.99 per share against a price of ¥40.47, so the fair value sits 36% below the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +16.5 %/yr)
!Thin margins · 8.6% net margin
✓Moderate debt · generates free cash flow
·0.25% dividend yield
✓Ranks above peers (9/15)
!Moderate moat 61/100
!Weak on dividend: 5 out of 100
Evidence: HighRange ¥19.49 to ¥32.48
Fair value as of: Aug 23, 2026
From 26 valuation models · updated 19 days ago
Share price +3.2% over the past month.
This is the short version. In the app for Western Mining Co Ltd:
Watch Western Mining 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 free
69 individual criteria per stock, every one traceable See the method →
What matters now
A high-quality business (quality 70/100), 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.
How to read this chart
60‑month range ¥8.18 – ¥43.07 · fair‑value band ¥19.49 – ¥32.48 · the ¥40.47 price screens above the ¥25.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 23, 2026.
Western Mining Co Ltd (601168) currently trades at ¥40.47, while our model-based Fair Value estimate is ¥25.99, implying the stock looks roughly 55.7% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ¥48.63 per share, and 12 of the 26 models we run sit above the ¥40.47 price. Bear case: the Asset-Based group reads lowest at ¥5.19, and 14 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Western Mining Co Ltd 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 Aug 23, 2026
Scenario range: ¥19.49 (bear) to ¥32.48 (bull), the price of ¥40.47 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 2% below its 52-week high and 167% 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 −36%, 601168 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥1.22 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio16.2
P/S ratio0.96P/E × margin
EPS (TTM)¥2.50price ÷ EPS = P/E 16.2
Dividend yield0.2%payout 4.0%
Net margin5.9%FY2025
Return on equity34.4%TTM
More key figures
Profitability
Return on assets (EBIT)11.2%avg 5y
Operating margin19.1%TTM
Growth
Revenue (TTM)69.5B CNYTTM
Revenue growth (YoY)+37.4%3y avg +15.2%
EPS growth (YoY)+145%
Balance sheet & cash flow
Free cash flow7.3B CNYFY2025
Net debt17.3B CNYFY2025 · ≈ 2.4 yrs of FCF
Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality70/100
Of which business quality 67
· Market factors (momentum, volatility) 71
Profitability53
Margins and returns on capital today
Quality Growth68
Are margins and returns improving?
Cashflow70
Earnings quality: real cash, not paper profit
Fin. Strength62
Balance sheet, leverage, solvency risk
Investment80
Disciplined investing over empire-building
Low Volatility26
Calm price path (market factor)
Momentum88
Price trend over the last 3–12 months (market factor)
52W Momentum95
Distance to the 52-week high (market factor)
Net Issuance82
Buybacks instead of dilution
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 Ltd reported revenue of 61.5B CNY in FY2025 versus 38.5B CNY in FY2021, a compound +12.4%/yr. Reported net income was 3.6B CNY in FY2025, compounding +5.6%/yr from FY2021.
Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
61.5B CNY
Latest YoY
+23.0%
Avg. revenue growth/yr (3Y) ⓘ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.
+15.2%
Avg. revenue growth/yr (5Y) ⓘ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.
+16.5%
Avg. revenue growth/yr (23Y) ⓘ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.
+21.4%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+29.5%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+29.3%
Dividend yield0.2%
Trend ⓘ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.5Y 29.3% vs 10Y 44.0%, flattening
Operating margin (EBIT) ⓘ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.6.0% (2020) → 14.3% (2025) · rising
Worst earnings drop530% (2018) (loss year, drop beyond 100%) · in CNY
Revenue+12.4%/yr
FY2138.5B CNY
FY2240.2B CNY
FY2342.7B CNY
FY2450.0B CNY
FY2561.5B CNY
Net income+5.6%/yr
FY212.9B CNY
FY223.4B CNY
FY232.8B CNY
FY242.9B CNY
FY253.6B CNY
Character of growth · EPS growth decomposed (2014-2025)+42.9 % p.a.
Revenue per share+9.0 %
of which total revenue +7.8 % · buybacks/dilution +1.2 %
EBIT margin+32.0 %
Tax rate+5.5 %
Residual (interest, one-offs)−5.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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). "Western Mining Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601168
Peer Group
Other Industrial Metals & Mining · 466 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
Quality Score70 · Top 25%
Fair Value upside−33% · Below median
Profitability
Return on equity (TTM)34% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)9% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth37% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.90× · Highest 25%
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
P/E (TTM)16.2× · Cheaper than median
P/B5.56× · Priciest 25%
P/S (TTM)1.48× · Cheaper than median
P/FCF2.1× · Cheapest 25%
EV/EBITDA7.8× · Cheaper than median
PEG1.32× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Western Mining Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+4.8 % per year
Achieved revenue growth, 5 years+16.5 % p.a.
Sector median revenue growth+3.3 %
FCF yield on price7.62 %
Discount rate (WACC) in the models10.6 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 38
PAST100· sector 0
HEALTH55· sector 96
DIVIDEND5· sector 37
VALUE 0: the price sits above our fair-value range.
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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).
Is Western Mining Co Ltd (601168) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ¥25.99 versus a price of ¥40.47, about −36% upside (overvalued).
What is the fair value of 601168?
Our model-based fair value for Western Mining Co Ltd is ¥25.99 (as of Aug 23, 2026), built from audited fundamentals. The current price: ¥40.47.
What is the quality score of 601168?
Western Mining Co Ltd has a Quality Score of 70/100. 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 Western Mining Co Ltd (601168)?
Our model-based price target is the fair value of ¥25.99 (as of Aug 23, 2026) from 26 valuation models. Cautious scenario ¥19.49, optimistic scenario ¥32.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Western Mining Co Ltd stock forecast for 2026?
Our models put fair value at ¥25.99, about −36% upside versus a price of ¥40.47 (overvalued). Cautious scenario ¥19.49, optimistic scenario ¥32.48. The calculation is refreshed regularly with new filings.
What is the revenue of Western Mining Co Ltd (601168)?
Western Mining Co Ltd reported trailing-twelve-month revenue of about 63.9B CNY (latest available figure, as of Aug 23, 2026).
What is the net profit margin of 601168?
The net profit margin of Western Mining Co Ltd is about 6.9%, meaning it keeps roughly 6.9% of revenue as net income. Based on the latest reported figures.
Does Western Mining Co Ltd pay a dividend?
Western Mining Co Ltd currently shows a dividend yield of about 0.25% relative to its recent price (as of Aug 23, 2026).
What growth is priced into Western Mining Co Ltd (601168)?
For today's price to be fair in a discounted-cash-flow model, Western Mining Co Ltd would have to grow free cash flow by +4.8 % per year for ten years (discount rate 10.6 %, then 2 % perpetual growth). Over the last 5 years revenue grew +16.5 % per year. As of Aug 23, 2026.
What discount rate (WACC) does the fair value of 601168 use?
Our models discount Western Mining Co Ltd at 10.6 %: a base by market capitalisation (large), damped by beta 1.28, country premium for China. The same rate applies in all 26 models.
What is the intrinsic value of Western Mining Co Ltd (601168)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Western Mining Co Ltd it is ¥25.99 per share (as of Aug 23, 2026), against a price of ¥40.47. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Western Mining Co Ltd stock overvalued or undervalued in 2026?
As of Aug 23, 2026, 601168 trades above its calculated fair value: price ¥40.47, fair value ¥25.99, a gap of about −36% (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 601168?
No. The price is what the market pays today (¥40.47); the fair value is what the company's own numbers justify (¥25.99). For Western Mining Co Ltd the two are ¥14.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Western Mining Co Ltd worth?
The market values Western Mining Co Ltd at about 96.4B CNY (market capitalisation, as of Aug 23, 2026). Per share that is ¥40.47; our models calculate a fair value of ¥25.99 per share.
What do the bullish and bearish scenarios say about 601168?
Our models span a range for Western Mining Co Ltd: cautious scenario ¥19.49, base ¥25.99, optimistic ¥32.48 per share (as of Aug 23, 2026, price ¥40.47). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601168?
Western Mining Co Ltd trades at a price-to-earnings ratio of 16.2 (as of Aug 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥25.99 is built from several models across several years. Other multiples: PEG 1.3, P/B 5.6, P/S 1.5, EV/EBITDA 7.8.
What is the PEG ratio of 601168?
The PEG ratio of Western Mining Co Ltd is 1.32 (P/E divided by earnings growth, as of Aug 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Western Mining Co Ltd (601168)?
Balance-sheet figures for Western Mining Co Ltd (as of Aug 23, 2026): return on equity 34.4%, debt of 0.90 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 601168 from its 52-week high?
Western Mining Co Ltd trades at ¥40.47, about 2% below its 52-week high of ¥41.28 and 167% above the low of ¥15.15 (as of Aug 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥25.99 is for.
Which stocks are comparable to Western Mining Co Ltd?
From the same area (Basic Materials) we also value BHP Group, Vale S.A, Saudi Arabian Mining Company, CMOC Group, 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 Western Mining Co Ltd stock attractive at the current price?
The data as of Aug 23, 2026: price ¥40.47, calculated fair value ¥25.99 (−36%), Quality Score 70/100, 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 601168 calculated?
We run Western Mining 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 ¥25.99, 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 32.6 % above its aggregate fair value. Western Mining 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
Free · no account needed
Watch Western Mining Co Ltd in the live analysis
One click puts Western Mining 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.
