Jinhui Mining Co Ltd (603132) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Jinhui Mining Co Ltd ¥7.88, price ¥18.78, upside -58.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
55‑month range ¥9.78 – ¥22.18 · fair‑value band ¥5.09 – ¥10.40 · the ¥18.78 price screens above the ¥7.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Jinhui Mining Incorporation Limited engages in the exploration, mining, processing, and sale of lead, zinc, silver, and other mineral resources in China. Jinhui Mining Incorporation Limited was incorporated in 2011 and is headquartered in Longnan, China.
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Jinhui Mining Incorporation Limited engages in the exploration, mining, processing, and sale of lead, zinc, silver, and other mineral resources in China. Jinhui Mining Incorporation Limited was incorporated in 2011 and is headquartered in Longnan, China. Jinhui Mining Incorporation Limited operates as a subsidiary of Gansu Yate Investment Group Company Limited.
Stock analysis
Jinhui Mining Co Ltd (603132) currently trades at ¥18.78, while our model-based Fair Value estimate is ¥7.88, implying the stock looks roughly 138.3% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥9.32 per share, and 0 of the 16 models we run sit above the ¥18.78 price.
Bear case: the Asset-Based group reads lowest at ¥2.20, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥5.09 (bear) to ¥10.40 (bull), the price of ¥18.78 sits above 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 53/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jinhui Mining Co Ltd reported revenue of 1.7B CNY in FY2025 versus 1.3B CNY in FY2021, a compound +8.3%/yr. Reported net income was 542M CNY in FY2025, compounding +4.0%/yr from FY2021.
Key figures
Market cap 18.4B CNY (≈ $2.7B) · P/E ratio 26.5 · P/S ratio 8.32 · EPS (TTM) ¥0.7100 · Dividend yield 2.3% · Net margin 31.5% · Return on equity 21.1% · Return on assets (EBIT) 10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −58%, 603132 screens richer than that median.
Fair Value models
Bear ¥5.09Fair Value ¥7.88Bull ¥10.40
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.2048 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.Evidence ⓘEvidence = 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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.0%
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.
+11.6%
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.
+9.0%
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.
+13.7%
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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.
+8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)2.3%
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.52% → 45%
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.Other Industrial Metals & Mining · 456 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Top 25%
Fair Value upside−58% · Below median
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)35% · Top 25%
Operating margin (TTM)51% · Top 25%
Growth and dividend
Revenue growth24% · Above median
Dividend yield (TTM)2.3% · Above median
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/E (TTM)26.5× · Pricier than median
P/B5.73× · Priciest 25%
P/S (TTM)9.11× · Pricier than median
EV/EBITDA16.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 36
PAST (return on equity)84· sector 0
HEALTH (low debt)68· sector 96
DIVIDEND (yield)46· sector 29
VALUE 0: the price sits above our fair-value range.
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). "Jinhui Mining Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603132
Frequently asked questions
Is Jinhui Mining Co Ltd (603132) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥7.88 versus a price of ¥18.78, about −58% upside (overvalued).
What is the fair value of 603132?
Our model-based fair value for Jinhui Mining Co Ltd is ¥7.88 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥18.78.
What is the quality score of 603132?
Jinhui Mining Co Ltd has a Quality Score of 53/100. 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 Jinhui Mining Co Ltd (603132)?
Our model-based price target is the fair value of ¥7.88 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario ¥5.09, optimistic scenario ¥10.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Jinhui Mining Co Ltd stock forecast for 2026?
Our models put fair value at ¥7.88, about −58% upside versus a price of ¥18.78 (overvalued). Cautious scenario ¥5.09, optimistic scenario ¥10.40. The calculation is refreshed regularly with new filings.
What is the revenue of Jinhui Mining Co Ltd (603132)?
Jinhui Mining Co Ltd reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Sep 24, 2026).
Does Jinhui Mining Co Ltd pay a dividend?
Jinhui Mining Co Ltd currently shows a dividend yield of about 2.29% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Jinhui Mining Co Ltd (603132)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jinhui Mining Co Ltd it is ¥7.88 per share (as of Sep 24, 2026), against a price of ¥18.78. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Jinhui Mining Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 603132 trades above its calculated fair value: price ¥18.78, fair value ¥7.88, a gap of about −58% (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 603132?
No. The price is what the market pays today (¥18.78); the fair value is what the company's own numbers justify (¥7.88). For Jinhui Mining Co Ltd the two are ¥10.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jinhui Mining Co Ltd worth?
The market values Jinhui Mining Co Ltd at about 18.4B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥18.78; our models calculate a fair value of ¥7.88 per share.
What do the bullish and bearish scenarios say about 603132?
Our models span a range for Jinhui Mining Co Ltd: cautious scenario ¥5.09, base ¥7.88, optimistic ¥10.40 per share (as of Sep 24, 2026, price ¥18.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603132?
Jinhui Mining Co Ltd trades at a price-to-earnings ratio of 26.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥7.88 is built from several models across several years. Other multiples: P/B 5.7, P/S 9.1, EV/EBITDA 16.5.
How solid is the balance sheet of Jinhui Mining Co Ltd (603132)?
Balance-sheet figures for Jinhui Mining Co Ltd (as of Sep 24, 2026): return on equity 21.1%, debt of 0.64 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 603132 from its 52-week high?
Jinhui Mining Co Ltd trades at ¥18.78, about 15% below its 52-week high of ¥22.18 and 46% above the low of ¥12.85 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥7.88 is for.
Which stocks are comparable to Jinhui Mining Co Ltd?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, China Tungsten And Hightech Materials Co, Hindustan Zinc 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 Jinhui Mining Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥18.78, calculated fair value ¥7.88 (−58%), Quality Score 53/100, from 16 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 603132 calculated?
We run Jinhui Mining Co Ltd through 16 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 ¥7.88, 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 14.1 % above its aggregate fair value. Jinhui 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 is it worth investing now.
What is the share price of Jinhui Mining Co Ltd (603132)?
The closing price on Sep 23, 2026 was ¥18.78. Our model-based fair value is ¥7.88, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jinhui Mining Co Ltd right now?
The price sits above even our optimistic bull case (¥10.40). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥5.09 to ¥10.40) leaves room in how you read the outcome.
Key figures of Jinhui Mining Co Ltd
How large is the market capitalisation of Jinhui Mining Co Ltd (603132)?
The market capitalisation of Jinhui Mining Co Ltd is 18.4B CNY (≈ $2.7B). 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 Jinhui Mining Co Ltd (603132)?
The price-to-sales ratio of Jinhui Mining Co Ltd is 8.32 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jinhui Mining Co Ltd (603132)?
Earnings per share at Jinhui Mining Co Ltd are ¥0.7100 (price ÷ EPS = P/E 26.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jinhui Mining Co Ltd (603132)?
The dividend yield of Jinhui Mining Co Ltd is 2.3% (payout 60.6%). 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 Jinhui Mining Co Ltd (603132)?
The net margin of Jinhui Mining Co Ltd is 31.5% (fiscal year 2025). 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 Jinhui Mining Co Ltd (603132)?
The return on equity (ROE) of Jinhui Mining Co Ltd is 21.1% (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 Jinhui Mining Co Ltd (603132)?
On an EBIT basis the return on assets of Jinhui Mining Co Ltd is 10.8% (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 Jinhui Mining Co Ltd (603132)?
The operating margin of Jinhui Mining Co Ltd is 51.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jinhui Mining Co Ltd (603132)?
Revenue at Jinhui Mining Co Ltd is growing +24.0% versus a year earlier (3y avg +11.6%). 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 Jinhui Mining Co Ltd (603132)?
Earnings per share at Jinhui Mining Co Ltd are growing +33.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jinhui Mining Co Ltd (603132) generate?
The free cash flow of Jinhui Mining Co Ltd is −434M 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 Jinhui Mining Co Ltd (603132) carry?
The net debt of Jinhui Mining Co Ltd is 3.2B 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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