Zhejiang Huayou Cobalt Co (603799) Fair Value & Analysis
Basic Materials · CN · Market cap 74.7B CNY
Fair value as of: Jul 16, 2026
From 17 valuation models · updated 22 days ago
Fair value updated Jul 16, 2026, revised from ¥54.77 to ¥25.57 (−53.3%) since Jul 12, 2026. Share price −7.8% over the past month.
Below-average quality, and screening another 38% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥31.96). The favourable scenario is already priced in.
- Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range ¥21.13 – ¥114.15 · fair‑value band ¥19.17 – ¥31.96 · the ¥41.40 price screens above the ¥25.57 fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Zhejiang Huayou Cobalt Co (603799) currently trades at ¥41.40, while our model-based Fair Value estimate is ¥25.57, implying the stock looks roughly 38.2% overvalued today. We read business quality at 30/100 (below-average 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: medium).
Over the trailing twelve months, Zhejiang Huayou Cobalt Co generated revenue of 89.0B CNY at a net margin of 8.3%. Revenue grew 44.6% year over year. It earns a return on equity of 15.6%. Net debt stands at 26.0B CNY. Fundamentals as of Jul 16, 2026
Our scenario range runs from ¥19.17 (bear case) to ¥31.96 (bull case); at ¥41.40, the current price sits above 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 50% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -38%, 603799 screens richer 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 (¥128.54) versus DCF Models (¥6.19). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 30 · Market factors (momentum, volatility) 27
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
Zhejiang Huayou Cobalt Co., Ltd engages in the research, development, manufacture, and sale of lithium battery materials and diamond material products in China and internationally.
Full company description
Zhejiang Huayou Cobalt Co., Ltd engages in the research, development, manufacture, and sale of lithium battery materials and diamond material products in China and internationally. The company offers lithium battery positive electrode materials, ternary precursors, silver-diamond-lithium materials, and copper products, as well as cobalt, cathode, and bare metals. Its products are used in new energy vehicle power batteries, positive electrode materials for consumer electronics, and alloy materials. The company was founded in 2002 and is headquartered in Tongxiang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhejiang Huayou Cobalt Co reported revenue of ¥81.0B in FY2025 versus ¥35.3B in FY2021, a compound +23.1%/yr. Reported net income was ¥6.1B in FY2025, compounding +11.9%/yr from FY2021.
603799 screens 38% overvalued. Compare with BHP Group →
Peer Group
Other Industrial Metals & Mining · 477 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 Other Industrial Metals & Mining 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHPN | 1,425 MXN | 942.42 MXN | -34% |
| Rio Tinto Group RIO | A$164.89 | A$81.76 | -50% |
| Grupo México, S.A. GMEXICOB | 199.23 MXN | 187.72 MXN | -6% |
| Vale S.A VALE | $14.19 | $9.14 | -36% |
| Saudi Arabian Mining Company 1211 | 58.05 SAR | 33.87 SAR | -42% |
| CMOC Group 603993 | ¥18.20 | ¥16.15 | -11% |
| Fortescue Ltd FMG | A$18.47 | A$18.62 | +1% |
| China Tungsten And Hightech Materials Co 000657 | ¥74.71 | ¥9.55 | -87% |
| Hindustan Zinc Limited HINDZINC | ₹521.95 | ₹576.80 | +11% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥39.56 | ¥10.59 | -73% |
Compare Zhejiang Huayou Cobalt Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Zhejiang Huayou Cobalt Co (603799) overvalued or undervalued?
What is the fair value of 603799?
What is the quality score of 603799?
What is the revenue of Zhejiang Huayou Cobalt Co (603799)?
What is the net profit margin of 603799?
Does Zhejiang Huayou Cobalt Co pay a dividend?
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.
Track Zhejiang Huayou Cobalt Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.