Shanghai Huafon Aluminium Corp (601702) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shanghai Huafon Aluminium Corp stock ¥10.49, price ¥13.22, that is 20.7% below the price, quality 51 out of 100. Rating: overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
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 7, 2026.
How to read this chart
60‑month range ¥6.33 – ¥27.42 · fair‑value band ¥7.77 – ¥18.58 · the ¥13.22 price screens above the ¥10.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Shanghai Huafon Aluminium Corporation engages in the research and development, production, and sales of aluminum sheets, strips, and foils.
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The company's products include aluminum heat transfer materials comprising composite and non-composite materials for automobiles and engineering machinery; power plants and heat exchange systems for household and commercial air conditioners; battery materials, including rectangular/square battery casing materials, aluminum strips for strip batteries, battery foils, and aluminum foils for soft-pack batteries; and stamped parts.
It also provides radiator, air charge air cooler, water charge air cooler, oil cooler, parallel flow condenser, stacked evaporator, heater core, water condenser, parallel flow evaporator; battery cooling plate; and honey comb plate and fin.
The company was founded in 2008 and is based in Shanghai, China.
Stock analysis
Shanghai Huafon Aluminium Corp (601702) currently trades at ¥13.22, while our model-based Fair Value estimate is ¥10.49, 21% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥28.83 per share, and 11 of the 17 models we run sit above the ¥13.22 price.
Bear case: the Asset-Based group reads lowest at ¥3.72, and 6 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥7.77 (bear) to ¥18.58 (bull), the price of ¥13.22 sits inside 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 51/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shanghai Huafon Aluminium Corp reported revenue of 12.5B CNY in FY2025 versus 6.4B CNY in FY2021, a compound +17.9%/yr. Reported net income was 1.2B CNY in FY2025, compounding +24.5%/yr from FY2021.
Key figures
Market cap 13.2B CNY (≈ $2.0B) Small · P/E ratio 11.1 · P/S ratio 1.02 · EPS (TTM) ¥1.19 · Dividend yield 2.3% · Net margin 9.2% · Return on equity 19.0% · Return on assets (EBIT) 13.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 0% fair-value upside, at −21%, 601702 screens richer than that median.
Fair Value models
Bear¥7.77Fair Value ¥10.49Bull¥18.58
Price ¥13.22 · Downside -20.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.7608 per share) are deliberately not added.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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.7%
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.
+13.4%
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.
+25.1%
Start year 2020 (pandemic). Over 10 years: +21.5% a year
Revenue growth 10 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.
+21.5%
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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.
+37.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.8%
Dividend (yield on the price)2.3%
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.34.8% vs 18.8%, picking up
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.7% → 11%
Compare Shanghai Huafon Aluminium Corp with another stock
Price, fair value, quality and upside side by side.
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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.Aluminum · 83 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside−20.7% · Below median
Profitability
Return on equity (12 months)19.0% · Top 25%
Return on assets12.4% · Top 25%
Net margin (12 months)9.2% · Above median
Operating margin (12 months)10.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)12.5% · Below median
Dividend yield (12 months)2.3% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Aluminum median · lower = cheaper
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Is Shanghai Huafon Aluminium Corp (601702) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥10.49 versus a price of ¥13.22, about 21% lower (overvalued).
What is the fair value of 601702?
Our model-based fair value for Shanghai Huafon Aluminium Corp is ¥10.49 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥13.22.
What is the quality score of 601702?
Shanghai Huafon Aluminium Corp has a Quality Score of 51/100. 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 Shanghai Huafon Aluminium Corp (601702)?
Our model-based price target is the fair value of ¥10.49 (as of Nov 7, 2026) from 17 valuation models. Cautious scenario ¥7.77, optimistic scenario ¥18.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Huafon Aluminium Corp stock forecast for 2026?
Our models put fair value at ¥10.49, about 21% lower versus a price of ¥13.22 (overvalued). Cautious scenario ¥7.77, optimistic scenario ¥18.58. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Huafon Aluminium Corp (601702)?
Shanghai Huafon Aluminium Corp reported trailing-twelve-month revenue of about 12.9B CNY (latest available figure, as of Nov 7, 2026).
Does Shanghai Huafon Aluminium Corp pay a dividend?
Shanghai Huafon Aluminium Corp currently shows a dividend yield of 2.27% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Shanghai Huafon Aluminium Corp (601702) and when is the ex-dividend date?
Shanghai Huafon Aluminium Corp pays a dividend of ¥0.3 per share a year, a dividend yield of 2.3%. The last ex-dividend date was Jun 8, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 25.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Shanghai Huafon Aluminium Corp (601702)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Huafon Aluminium Corp it is ¥10.49 per share (as of Nov 7, 2026), against a price of ¥13.22. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Shanghai Huafon Aluminium Corp stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 601702 trades above its calculated fair value: price ¥13.22, fair value ¥10.49, a gap of about −21% (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 601702?
No. The price is what the market pays today (¥13.22); the fair value is what the company's own numbers justify (¥10.49). For Shanghai Huafon Aluminium Corp the two are ¥2.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Huafon Aluminium Corp worth?
The market values Shanghai Huafon Aluminium Corp at about 13.2B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥13.22; our models calculate a fair value of ¥10.49 per share.
What do the bullish and bearish scenarios say about 601702?
Our models span a range for Shanghai Huafon Aluminium Corp: cautious scenario ¥7.77, base ¥10.49, optimistic ¥18.58 per share (as of Nov 7, 2026, price ¥13.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601702?
Shanghai Huafon Aluminium Corp trades at a price-to-earnings ratio of 11.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥10.49 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings, FY2025 ex one-offs: 21.2. Other multiples: P/B 2.1, P/S 1.0, EV/EBITDA 8.1.
How solid is the balance sheet of Shanghai Huafon Aluminium Corp (601702)?
Balance-sheet figures for Shanghai Huafon Aluminium Corp (as of Nov 7, 2026): return on equity 19.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 601702 from its 52-week high?
Shanghai Huafon Aluminium Corp trades at ¥13.22, about 52% below its 52-week high of ¥27.42 and 5% above the low of ¥12.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥10.49 is for.
Which stocks are comparable to Shanghai Huafon Aluminium Corp?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, Aluminum Corporation, China Hongqiao Group, Hindalco Industries 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 Shanghai Huafon Aluminium Corp stock attractive at the current price?
The data as of Nov 7, 2026: price ¥13.22, calculated fair value ¥10.49 (−21%), Quality Score 51/100, from 17 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 601702 calculated?
We run Shanghai Huafon Aluminium Corp through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥10.49 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 13.0% above its aggregate fair value. Shanghai Huafon Aluminium Corp 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 Shanghai Huafon Aluminium Corp (601702)?
The closing price on Nov 6, 2026 was ¥13.22. Our model-based fair value is ¥10.49, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Huafon Aluminium Corp right now?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥7.77 to ¥18.58) leaves room in how you read the outcome.
Where does the earnings growth of Shanghai Huafon Aluminium Corp (601702) come from?
Earnings per share at Shanghai Huafon Aluminium Corp grew +21.3 % a year from 2015 to 2025. Broken into its drivers: revenue per share +14.8 %, EBIT margin +5.7 %, tax rate +0.1 %, residual (interest, one-offs) −0.2 %. 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 Shanghai Huafon Aluminium Corp
How large is the market capitalisation of Shanghai Huafon Aluminium Corp (601702)?
The market capitalisation of Shanghai Huafon Aluminium Corp is 13.2B CNY (≈ $2.0B). 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 Shanghai Huafon Aluminium Corp (601702)?
The price-to-sales ratio of Shanghai Huafon Aluminium Corp is 1.02 (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 Shanghai Huafon Aluminium Corp (601702)?
Earnings per share at Shanghai Huafon Aluminium Corp are ¥1.19 (price ÷ EPS = P/E 11.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanghai Huafon Aluminium Corp (601702)?
The dividend yield of Shanghai Huafon Aluminium Corp is 2.3% (payout 25.2%). 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 Shanghai Huafon Aluminium Corp (601702)?
The net margin of Shanghai Huafon Aluminium Corp is 9.2% (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 Shanghai Huafon Aluminium Corp (601702)?
The return on equity (ROE) of Shanghai Huafon Aluminium Corp is 19.0% (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 Shanghai Huafon Aluminium Corp (601702)?
On an EBIT basis the return on assets of Shanghai Huafon Aluminium Corp is 13.1% (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 Shanghai Huafon Aluminium Corp (601702)?
The operating margin of Shanghai Huafon Aluminium Corp is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Huafon Aluminium Corp (601702)?
Revenue at Shanghai Huafon Aluminium Corp is growing +12.5% versus a year earlier (3y avg +13.4%). 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 Shanghai Huafon Aluminium Corp (601702)?
Earnings per share at Shanghai Huafon Aluminium Corp are growing +7.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanghai Huafon Aluminium Corp (601702) generate?
The free cash flow of Shanghai Huafon Aluminium Corp is −332M 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 Shanghai Huafon Aluminium Corp (601702) carry?
The net debt of Shanghai Huafon Aluminium Corp is 2.1B 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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Some data
Nov 7, 2026