Ximei Resources Holding Ltd (9936) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Ximei Resources Holding Ltd HK$7.76, price HK$13.00, upside -40.3%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$1.03 – HK$22.35 · fair‑value band HK$5.82 – HK$9.70 · the HK$13.00 price screens above the HK$7.76 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Ximei Resources Holding Limited produces and sells tantalum and niobium based metallurgical products in Mainland China, North America, South America, Asia, Europe, and Oceania.
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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.
Stock analysis
Ximei Resources Holding Ltd (9936) currently trades at HK$13.00, while our model-based Fair Value estimate is HK$7.76, 40.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$15.96 per share, and 4 of the 17 models we run sit above the HK$13.00 price.
Bear case: the Asset-Based group reads lowest at HK$2.67, and 13 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: HK$5.82 (bear) to HK$9.70 (bull), the price of HK$13.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ximei Resources Holding Ltd reported revenue of 2.2B CNY in FY2025 versus 764M CNY in FY2021, a compound +30.9%/yr. Reported net income was 172M CNY in FY2025, compounding +13.9%/yr from FY2021.
Key figures
Market cap HK$8.7B (≈ $1.1B) · P/E ratio 23.3 · P/S ratio 1.79 · EPS (TTM) HK$0.5572 · Dividend yield 0.5% · Net margin 7.7% · Return on equity 12.9% · Return on assets (EBIT) 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 124% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −40%, 9936 screens richer than that median.
Fair Value models
Bear HK$5.82Fair Value HK$7.76Bull HK$9.70
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.1509 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+30.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+30.1%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+29.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.4%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.0% vs 19.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 7%
Compare Ximei Resources Holding Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Chemicals · 708 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−40.3% · Below median
Profitability
Return on equity (TTM)12.9% · Top 25%
Return on assets5.4% · Above median
Net margin (TTM)7.7% · Above median
Operating margin (TTM)7.0% · Below median
Growth and dividend
Revenue growth40.0% · Top 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)23.3× · Cheaper than median
P/B5.24× · Priciest 25%
P/S (TTM)3.30× · Priciest 25%
EV/EBITDA27.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 41
PAST (return on equity)52· sector 25
HEALTH (low debt)93· sector 95
DIVIDEND (yield)9· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Ximei Resources Holding Ltd (9936) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$7.76 versus a price of HK$13.00, about −40% upside (overvalued).
What is the fair value of 9936?
Our model-based fair value for Ximei Resources Holding Ltd is HK$7.76 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$13.00.
What is the quality score of 9936?
Ximei Resources Holding Ltd has a Quality Score of 41/100. 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 price target for Ximei Resources Holding Ltd (9936)?
Our model-based price target is the fair value of HK$7.76 (as of Sep 27, 2026) from 17 valuation models. Cautious scenario HK$5.82, optimistic scenario HK$9.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Ximei Resources Holding Ltd stock forecast for 2026?
Our models put fair value at HK$7.76, about −40% upside versus a price of HK$13.00 (overvalued). Cautious scenario HK$5.82, optimistic scenario HK$9.70. The calculation is refreshed regularly with new filings.
What is the revenue of Ximei Resources Holding Ltd (9936)?
Ximei Resources Holding Ltd reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Sep 27, 2026).
Does Ximei Resources Holding Ltd pay a dividend?
Ximei Resources Holding Ltd currently shows a dividend yield of about 0.45% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Ximei Resources Holding Ltd (9936)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ximei Resources Holding Ltd it is HK$7.76 per share (as of Sep 27, 2026), against a price of HK$13.00. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Ximei Resources Holding Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 9936 trades above its calculated fair value: price HK$13.00, fair value HK$7.76, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 9936?
No. The price is what the market pays today (HK$13.00); the fair value is what the company's own numbers justify (HK$7.76). For Ximei Resources Holding Ltd the two are HK$5.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ximei Resources Holding Ltd worth?
The market values Ximei Resources Holding Ltd at about HK$8.7B (market capitalisation, as of Sep 27, 2026). Per share that is HK$13.00; our models calculate a fair value of HK$7.76 per share.
What do the bullish and bearish scenarios say about 9936?
Our models span a range for Ximei Resources Holding Ltd: cautious scenario HK$5.82, base HK$7.76, optimistic HK$9.70 per share (as of Sep 27, 2026, price HK$13.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9936?
Ximei Resources Holding Ltd trades at a price-to-earnings ratio of 23.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$7.76 is built from several models across several years. Other multiples: P/B 5.2, P/S 3.3, EV/EBITDA 27.7.
How solid is the balance sheet of Ximei Resources Holding Ltd (9936)?
Balance-sheet figures for Ximei Resources Holding Ltd (as of Sep 27, 2026): return on equity 12.9%, debt of 0.14 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 9936 from its 52-week high?
Ximei Resources Holding Ltd trades at HK$13.00, about 42% below its 52-week high of HK$22.35 and 124% above the low of HK$5.81 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$7.76 is for.
Which stocks are comparable to Ximei Resources Holding Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ximei Resources Holding Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$13.00, calculated fair value HK$7.76 (−40%), Quality Score 41/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 9936 calculated?
We run Ximei Resources Holding Ltd through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$7.76, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Ximei Resources Holding Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ximei Resources Holding Ltd (9936)?
The closing price on Sep 30, 2026 was HK$13.00. Our model-based fair value is HK$7.76, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ximei Resources Holding Ltd right now?
The price sits above even our optimistic bull case (HK$9.70). 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.
Key figures of Ximei Resources Holding Ltd
How large is the market capitalisation of Ximei Resources Holding Ltd (9936)?
The market capitalisation of Ximei Resources Holding Ltd is HK$8.7B (≈ $1.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ximei Resources Holding Ltd (9936)?
The price-to-sales ratio of Ximei Resources Holding Ltd is 1.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ximei Resources Holding Ltd (9936)?
Earnings per share at Ximei Resources Holding Ltd are HK$0.5572 (price ÷ EPS = P/E 23.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ximei Resources Holding Ltd (9936)?
The dividend yield of Ximei Resources Holding Ltd is 0.5% (payout 10.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ximei Resources Holding Ltd (9936)?
The net margin of Ximei Resources Holding Ltd is 7.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ximei Resources Holding Ltd (9936)?
The return on equity (ROE) of Ximei Resources Holding Ltd is 12.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ximei Resources Holding Ltd (9936)?
On an EBIT basis the return on assets of Ximei Resources Holding Ltd is 6.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ximei Resources Holding Ltd (9936)?
The operating margin of Ximei Resources Holding Ltd is 7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ximei Resources Holding Ltd (9936)?
Revenue at Ximei Resources Holding Ltd is growing +40.0% versus a year earlier (3y avg +30.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ximei Resources Holding Ltd (9936)?
Earnings per share at Ximei Resources Holding Ltd are growing +27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ximei Resources Holding Ltd (9936) generate?
The free cash flow of Ximei Resources Holding Ltd is −197M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ximei Resources Holding Ltd (9936) carry?
The net debt of Ximei Resources Holding Ltd is 837M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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