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Feishang Non-metal Materials (8331) Fair Value & Analysis

Basic Materials · HK · Market cap HK$40.6M

FN Feishang Non-metal Materials 8331 · HK
PriceHK$0.2800
Fair ValueHK$0.3000
Upside+7.1%
Quality29/100
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Weak Growth
Loss-making · -17.3% net margin
negative free cash flow
Trails peers (3/9)
Narrow moat 0/100
Evidence: Low Range HK$0.2000 – HK$0.3800 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Share price +9.8% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$0.2000 to HK$0.3800) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

HK$1.35 HK$0.1070 Fair Value HK$0.3000 Jan 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.1070 – HK$1.35 · fair‑value band HK$0.2000 – HK$0.3800 · the HK$0.2800 price screens below the HK$0.3000 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Feishang Non-metal Materials (8331) currently trades at HK$0.2800, while our model-based Fair Value estimate is HK$0.3000, implying the stock looks roughly 7.1% fairly valued today. The Quality Score stands at 29/100 (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: low), always confirm before acting.

Over the trailing twelve months, Feishang Non-metal Materials generated revenue of HK$51.0M at a net margin of -17.3%. Revenue declined 6.6% year over year. It earns a return on equity of -7.9%. The balance sheet holds a net cash position of HK$6.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2000 (bear case) to HK$0.3800 (bull case); at HK$0.2800, 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 44% below its 52-week high and 114% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -42% fair-value upside, at 7%, 8331 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 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
Highest evidence
NCAV (Graham) HK$0.3500 HK$0.4700 HK$0.7000 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.3500 HK$0.4700 HK$0.7000 50

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Key figures & financial health

Revenue (TTM) HK$51.0M
Revenue growth (YoY) -6.6%
Net margin -17.3%
Return on equity -7.9%
Free cash flow −HK$22.1M FY2024
Operating margin -22.4%
More key figures
EPS (TTM) HK$-0.0300
EPS growth (YoY) -70.6%
Net cash HK$6.0M FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 32 · Market factors (momentum, volatility) 46

Profitability 9
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 40
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

P.B. Group Limited, an investment holding company, engages in the bentonite mining, and production and sale of drilling mud and pelletizing clay in the People's Republic of China. It operates through the Bentonite Mining Operation, Financial Service Business, and Property Investment Business segments.

Full company description

P.B. Group Limited, an investment holding company, engages in the bentonite mining, and production and sale of drilling mud and pelletizing clay in the People's Republic of China. It operates through the Bentonite Mining Operation, Financial Service Business, and Property Investment Business segments. The company holds a 100% interest in the Huanghu Bentonite mine, an open pit mine with a permitted mining area of 2.1311 square kilometers located in Anhui province. It is also involved in the financial service business, which provides wealth management, money lending, financial guarantee, and financial services; securities trading and property investment business; operation of a charitable institution; rental business; and wholesale of personal care products. In addition, the company offers insurance brokerage services, as well as personal and corporate loans. The company was formerly known as HangKan Group Limited and changed its name to P.B. Group Limited in February 2021. P.B. Group Limited was incorporated in 2015 and is headquartered in Wuhu, the People's Republic of China.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Feishang Non-metal Materials reported revenue of HK$52.9M in FY2024 versus HK$55.7M in FY2020, a compound −1.3%/yr. Reported net income was −HK$7.5M in FY2024.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
HK$52.9M
Latest YoY
−18.3%
Avg. growth/yr (3Y) 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.
−9.3%
Avg. growth/yr (5Y) 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.
−1.9%
Avg. growth/yr (11Y) 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.
+5.3%
Revenue −1.3%/yr
FY20 HK$55.7M
FY21 HK$70.9M
FY22 HK$92.3M
FY23 HK$64.7M
FY24 HK$52.9M
Net income
FY20 HK$7.2M
FY21 HK$9.1M
FY22 −HK$2.7M
FY23 −HK$7.1M
FY24 −HK$7.5M

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Cite: Fair Value Calculator (2026). "Feishang Non-metal Materials Fair Value". https://www.fairvalue-calculator.com/stock/8331

Peer Group

Other Industrial Metals & Mining · 480 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 32 · Below median
Fair Value upside +7% · Top 25%
Return on assets -4% · Below median
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) -22% · Bottom 25%
Revenue growth -7% · Below median

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

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers

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 43 · sector 0
FUTURE 0 · sector 24
PAST 0 · sector 0
HEALTH 0 · sector 96
DIVIDEND 0 · sector 38

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 745.46 MXN -48%
Rio Tinto Group RIO A$179.43 A$81.76 -54%
Grupo México, S.A. GMEXICOB 222.38 MXN 172.99 MXN -22%
Vale S.A VALEN 250.00 MXN 139.41 MXN -44%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥19.00 ¥19.80 +4%
China Tungsten And Hightech Materials Co 000657 ¥70.43 ¥9.55 -86%
Hindustan Zinc Limited HINDZINC ₹584.60 ₹501.98 -14%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 -74%
Boliden AB BOL kr 527.80 kr 461.48 -13%

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Frequently asked questions

Is Feishang Non-metal Materials (8331) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.3000 versus a price of HK$0.2800, about +7% (fairly valued).
What is the fair value of 8331?
Our model-based fair value for Feishang Non-metal Materials is HK$0.3000 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.2800.
What is the quality score of 8331?
Feishang Non-metal Materials has a Quality Score of 29/100. 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 Feishang Non-metal Materials (8331)?
Feishang Non-metal Materials reported trailing-twelve-month revenue of about HK$51.0M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8331?
The net profit margin of Feishang Non-metal Materials is about -17.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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