Sinosteel Luonai Materials Technology Co (688119) Fair Value & Analysis
Basic Materials · CN · Market cap 5.0B CNY
Fair value as of: Jul 12, 2026
From 15 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from ¥1.76 to ¥2.12 (+20.5%) since Jun 24, 2026. Share price −3.8% over the past month.
Below-average quality, and screening another 47% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥2.14). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (4 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
50‑month range ¥2.94 – ¥12.34 · fair‑value band ¥1.54 – ¥2.14 · the ¥4.02 price screens above the ¥2.12 fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Sinosteel Luonai Materials Technology Co (688119) currently trades at ¥4.02, while our model-based Fair Value estimate is ¥2.12, implying the stock looks roughly 47.3% overvalued today. The Quality Score stands at 47/100 (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: high).
Over the trailing twelve months, Sinosteel Luonai Materials Technology Co generated revenue of 1.9B CNY at a net margin of -8.7%. Revenue declined 14.2% year over year. It earns a return on equity of -5.4%. Net debt stands at 199M CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥1.54 (bear case) to ¥2.14 (bull case); at ¥4.02, 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 57% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -47%, 688119 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 15 models by family
Widest divergence: DCF Models (¥1.72) versus Dividend Discount (¥0.1400). Highest evidence: Growth DCF (80).
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 47 · Market factors (momentum, volatility) 30
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
Sinosteel Luonai Materials Technology Co., Ltd. engages in the research and development, manufacture, sale, and services of mid to high end refractory materials in China.
Full company description
Sinosteel Luonai Materials Technology Co., Ltd. engages in the research and development, manufacture, sale, and services of mid to high end refractory materials in China. Its refractory products include silicon series products, magnesium series products, high aluminum series products, composite series products, high-purity oxide products, functional material products, and amorphous and prefabricated products. The company's products are used in steel, non-ferrous metals, petroleum, coal chemicals, building materials, power, energy conservation and environmental protection, and national defense and military industries. It exports its products to approximately 40 countries and regions. The company was formerly known as Luoyang Refractory Factory of the Ministry of Metallurgical Industry. Sinosteel Luonai Materials Technology Co., Ltd. was founded in 1958 and is based in Luoyang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sinosteel Luonai Materials Technology Co reported revenue of ¥2.0B in FY2025 versus ¥2.7B in FY2021, a compound −6.9%/yr. Reported net income was −¥150M in FY2025.
688119 screens 47% overvalued. Compare with CRH plc →
Peer Group
Building Materials · 254 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 Building Materials 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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $102.92 | $70.57 | -31% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| China Jushi Co 600176 | ¥54.52 | ¥13.95 | -74% |
| Grasim Industries Limited GRASIM | ₹3,073 | ₹1,245 | -59% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 15.42 MXN | -29% |
| Anhui Conch Cement Company 600585 | ¥16.99 | ¥26.14 | +54% |
| Ambuja Cements Limited AMBUJACEM | ₹435.25 | ₹227.96 | -48% |
| Shree Cement Limited SHREECEM | ₹26,930 | ₹8,215 | -69% |
| TCC Group 1101B | 43.70 TWD | 10.48 TWD | -76% |
| Taiwan Glass Ind. Corp 1802 | 53.30 TWD | 13.98 TWD | -74% |
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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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