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JCHX Mining Management Co (603979) Fair Value & Analysis

Basic Materials · CN · Market cap 44.1B CNY

JM JCHX Mining Management Co 603979 · SHG
Price¥79.19
Fair Value¥63.74
Upside-19.5%
Quality73/100
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Healthy Growth
Solidly profitable · 17.4% net margin
Low debt · generates free cash flow
0.97% dividend yield
Ranks above peers (9/14)
Wide moat 75/100
Evidence: High Range ¥47.80 – ¥124.17 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price +22.2% over the past month.

A solid business, but screening 20% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (¥47.80 to ¥124.17) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥87.80 ¥11.88 Fair Value ¥63.74 Feb 2021 Aug 2026

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 ¥11.88 – ¥87.80 · fair‑value band ¥47.80 – ¥124.17 · the ¥79.19 price screens above the ¥63.74 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

JCHX Mining Management Co (603979) currently trades at ¥79.19, while our model-based Fair Value estimate is ¥63.74, implying the stock looks roughly 19.5% overvalued today. The Quality Score stands at 73/100 (solid 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: high).

Over the trailing twelve months, JCHX Mining Management Co generated revenue of 14.5B CNY at a net margin of 17.4%. Revenue grew 21.4% year over year. It earns a return on equity of 23.0%. The balance sheet holds a net cash position of 386M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥47.80 (bear case) to ¥124.17 (bull case); at ¥79.19, 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 12% below its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -20%, 603979 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥76.30 ¥144.15 ¥274.25 80
Residual Income ¥25.29 ¥34.58 ¥175.92 76
Rev-Margin DCF ¥43.66 ¥73.60 ¥118.17 74
All 26 models by family
DCF Models
FCF DCF ¥79.87 ¥130.15 ¥275.45 38
Owner Earnings ¥59.39 ¥128.83 ¥274.61 31
5Y Revenue Exit ¥43.66 ¥68.88 ¥116.95 39
5Y EBITDA Exit ¥67.09 ¥119.43 ¥215.02 41
5Y P/E Exit ¥59.76 ¥112.97 ¥180.70 38
10Y Revenue Exit ¥53.22 ¥89.86 ¥128.07 36
10Y EBITDA Exit ¥70.71 ¥134.53 ¥249.54 37
10Y P/E Exit ¥65.54 ¥120.56 ¥213.13 35
Earnings-Based
Graham-Dodd ¥25.49 ¥177.79 ¥249.51 54
Lynch FV ¥53.51 ¥76.45 ¥99.38 50
PEG = 1.0 ¥53.51 ¥76.45 ¥99.38 46
EPV ¥53.28 ¥61.33 ¥68.38 59
Dividend Discount
Gordon GGM ¥6.93 ¥14.41 ¥22.86 70
DDM Multi-Stage ¥6.93 ¥12.15 ¥15.12 61
Multiples
P/E Multiple ¥47.80 ¥63.74 ¥79.67 63
P/S Multiple ¥25.06 ¥33.41 ¥41.76 58
P/B Multiple ¥40.19 ¥53.58 ¥66.98 55
EV/EBIT ¥65.28 ¥85.39 ¥105.50 53
EV/EBITDA ¥63.11 ¥82.50 ¥101.88 54
EV/Revenue ¥28.34 ¥38.37 ¥48.39 43
Asset-Based
NCAV (Graham) ¥8.93 ¥11.97 ¥17.86 50
Growth DCF
Growth DCF ¥76.30 ¥144.15 ¥274.25 80
Rev-Margin DCF ¥43.66 ¥73.60 ¥118.17 74
Economic Profit
Residual Income ¥25.29 ¥34.58 ¥175.92 76
ROIC Compounder ¥62.92 ¥85.31 ¥114.96 72
Growth Earnings
Growth-Adj P/E ¥66.86 ¥95.52 ¥124.17 68

Widest divergence: DCF Models (¥119.43) versus Asset-Based (¥11.97). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 14.5B CNY
Revenue growth (YoY) +21.4%
Net margin 17.4%
Return on equity 23.0%
Free cash flow 2.9B CNY FY2025
P/E ratio 18.7
More key figures
Operating margin 27.3%
EPS (TTM) ¥3.79
Dividend yield 1.0%
EPS growth (YoY) +38.5%
Net cash 386M CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 73 · Market factors (momentum, volatility) 68

Profitability 59
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 18
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 91
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.

About the company

JCHX Mining Management Co.,Ltd. engages in mine engineering, development, and construction activities in the People's Republic of China and internationally. It is also involved in the contract mining business; and provision of research and development services for he non-ferrous, ferrous, and chemical industries.

Full company description

JCHX Mining Management Co.,Ltd. engages in mine engineering, development, and construction activities in the People's Republic of China and internationally. It is also involved in the contract mining business; and provision of research and development services for he non-ferrous, ferrous, and chemical industries. The company was incorporated in 1997 and is based in Beijing, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JCHX Mining Management Co reported revenue of ¥13.9B in FY2025 versus ¥4.5B in FY2021, a compound +32.5%/yr. Reported net income was ¥2.3B in FY2025, compounding +49.3%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
13.9B CNY
Latest YoY
+39.7%
Avg. growth/yr (3Y)
+37.4%
Avg. growth/yr (5Y)
+29.2%
Avg. growth/yr (14Y)
+17.0%
Revenue +32.5%/yr
FY21 ¥4.5B
FY22 ¥5.4B
FY23 ¥7.4B
FY24 ¥9.9B
FY25 ¥13.9B
Net income +49.3%/yr
FY21 ¥471M
FY22 ¥611M
FY23 ¥1.0B
FY24 ¥1.6B
FY25 ¥2.3B

603979 screens 20% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "JCHX Mining Management Co Fair Value". https://www.fairvalue-calculator.com/stock/603979

Peer Group

Other Industrial Metals & Mining · 476 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.

Quality Score 73 · Top 25%
Fair Value upside −20% · Above median
Return on equity (TTM) 23% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 21% · Above median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.33× · Higher than median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 18.7× · Pricier than median
P/B 3.96× · Pricier than 75% of peers
P/S (TTM) 3.05× · Cheaper than median
P/FCF 2.2× · Cheaper than median
EV/EBITDA 8.6× · Pricier than median

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 7 · sector 0
FUTURE 100 · sector 23
PAST 92 · sector 0
HEALTH 83 · sector 96
DIVIDEND 19 · sector 21

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

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 12, 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%

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Frequently asked questions

Is JCHX Mining Management Co (603979) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥63.74 versus a price of ¥79.19, about −20% (overvalued).
What is the fair value of 603979?
Our model-based fair value for JCHX Mining Management Co is ¥63.74 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥79.19.
What is the quality score of 603979?
JCHX Mining Management Co has a Quality Score of 73/100. 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 revenue of JCHX Mining Management Co (603979)?
JCHX Mining Management Co reported trailing-twelve-month revenue of about 14.5B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603979?
The net profit margin of JCHX Mining Management Co is about 17.4%, meaning it keeps roughly 17.4% of revenue as net income. Based on the latest reported figures.
Does JCHX Mining Management Co pay a dividend?
JCHX Mining Management Co currently shows a dividend yield of about 0.97% relative to its recent price (as of Jul 12, 2026).

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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