Shenzhen SunXing Light Alloys Materials Co (603978) Fair Value & Analysis
Basic Materials · CN · Market cap 5.6B CNY
Fair value as of: Jul 12, 2026
From 9 valuation models · updated 29 days ago
Share price −18.3% over the past month.
Below-average quality, screening 23% undervalued on our models.
What matters now
- The model range is unusually wide (¥4.84 to ¥46.14). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Our model range runs from ¥4.84 (bear) to ¥46.14 (bull), base ¥24.22. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 35/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range ¥8.12 – ¥38.61 · fair‑value band ¥4.84 – ¥46.14 · the ¥19.64 price screens below the ¥24.22 fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Shenzhen SunXing Light Alloys Materials Co (603978) currently trades at ¥19.64, while our model-based Fair Value estimate is ¥24.22, implying the stock looks roughly 23.3% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Shenzhen SunXing Light Alloys Materials Co generated revenue of 3.4B CNY at a net margin of -1.9%. Revenue grew 21.6% year over year. It earns a return on equity of -3.8%. Net debt stands at 987M CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥4.84 (bear case) to ¥46.14 (bull case); at ¥19.64, the current price sits within 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 51% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 19% fair-value upside, at 23%, 603978 screens cheaper 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 9 models by family
Widest divergence: Asset-Based (¥84.93) versus Earnings-Based (¥7.53). Highest evidence: ROIC Compounder (72).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 38
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
Shenzhen SunXing Light Alloys Materials Co.,Ltd. develops, produces, and sells light alloy materials in China. The company offers aluminum and magnesium alloy materials for use in various fields, such as military, aerospace, navigation, rail transit. Shenzhen SunXing Light Alloys Materials Co.,Ltd. was founded in 1992 and is based in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shenzhen SunXing Light Alloys Materials Co reported revenue of ¥3.3B in FY2025 versus ¥1.4B in FY2021, a compound +24.1%/yr. Reported net income was −¥79.3M in FY2025.
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Peer Group
Aluminum · 83 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 Aluminum 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.
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 Aluminum stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shandong Hongqiao Aluminum Industry Holding 002379 | ¥18.54 | ¥26.70 | +44% |
| China Hongqiao Group 1378 | HK$24.54 | HK$45.53 | +86% |
| Hindalco Industries Limited HINDALCO | ₹955.80 | ₹1,026 | +7% |
| Aluminum Corporation 601600 | ¥8.11 | ¥12.58 | +55% |
| Norsk Hydro ASA NHY | kr 84.96 | kr 58.10 | -32% |
| Press Metal Aluminium Holdings 8869 | 8.02 MYR | 3.88 MYR | -52% |
| Alcoa Corporation AAI | A$70.60 | A$49.53 | -30% |
| Yunnan Aluminium Co 000807 | ¥25.12 | ¥29.68 | +18% |
| Henan Shenhuo Coal Industry and Electricity Power Co 000933 | ¥25.51 | ¥30.28 | +19% |
| Tianshan Aluminum Group 002532 | ¥11.99 | ¥21.86 | +82% |
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Frequently asked questions
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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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