Ximei Resources Holding Ltd (9936) Fair Value & Analysis
Basic Materials · HK · Market cap HK$8.7B
Fair value as of: Aug 13, 2026
From 17 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$8.19 to HK$6.64 (−18.9%) since Aug 6, 2026. Share price −16.4% over the past month.
Below-average quality, and screening another 52% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$9.30). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (HK$4.98 to HK$9.30) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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$1.03 – HK$22.35 · fair‑value band HK$4.98 – HK$9.30 · the HK$13.72 price screens above the HK$6.64 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ximei Resources Holding Ltd (9936) currently trades at HK$13.72, while our model-based Fair Value estimate is HK$6.64, implying the stock looks roughly 51.6% overvalued today. The Quality Score stands at 41/100 (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, Ximei Resources Holding Ltd generated revenue of HK$2.2B at a net margin of 7.7%. Revenue grew 40.0% year over year. It earns a return on equity of 12.9%. Net debt stands at HK$837M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$4.98 (bear case) to HK$9.30 (bull case); at HK$13.72, 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 43% below its 52-week high and 263% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at -52%, 9936 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 17 models by family
Widest divergence: Growth Earnings (HK$13.66) versus Dividend Discount (HK$0.1200). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 68
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
Ximei Resources Holding Limited produces and sells tantalum and niobium based metallurgical products in Mainland China, North America, South America, Asia, Europe, and Oceania.
Full company description
Ximei Resources Holding Limited produces and sells tantalum and niobium based metallurgical products in Mainland China, North America, South America, Asia, Europe, and Oceania. It offers hydrometallurgical products, including tantalum pentoxide, niobium pentoxide, potassium heptafluorotantalate, and tantalum/niobium alkoxide; pyrometallurgical products, such as tantalum/niobium powder, melted tantalum/niobium, ferroniobium and niobium-nickel binary alloys, and various high-purity tantalum/niobium ingots; and tantalum- and niobium-based deep-processed products comprising tantalum/niobium strips, tubes, rods and wires, and various contract-processed products. The company's products are used in high-temperature alloys, semiconductors, high-end electronics, aerospace, defense and military, optical, and medical fields. It also engages in the provision of processing services to customers; manufacture, sale, and trade of non-ferrous metal products. The company was founded in 2006 and is headquartered in Guangzhou, China. Ximei Resources Holding Limited operates as a subsidiary of Jiawei Resources Holding Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ximei Resources Holding Ltd reported revenue of HK$2.2B in FY2025 versus HK$764M in FY2021, a compound +30.9%/yr. Reported net income was HK$172M in FY2025, compounding +13.9%/yr from FY2021.
9936 screens 52% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 670 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 Specialty Chemicals 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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $479.43 | $222.03 | -54% |
| Wanhua Chemical Group 600309 | ¥75.06 | ¥68.03 | -9% |
| Novozymes A/S NSISB | kr 416.10 | kr 170.02 | -59% |
| Asian Paints Limited ASIANPAINT | ₹2,756 | ₹664.51 | -76% |
| Solar Industries India Limited SOLARINDS | ₹18,730 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,702 | ₹351.84 | -79% |
| PT Chandra Asri Pacific Tbk TPIA | 2,160 IDR | 2,322 IDR | +8% |
| Berger Paints India Limited BERGEPAINT | ₹559.80 | ₹154.46 | -72% |
| Gujarat Fluorochemicals Limited FLUOROCHEM | ₹4,566 | ₹836.47 | -82% |
| Himadri Speciality Chemical Limited HSCL | ₹778.15 | ₹248.63 | -68% |
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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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