Feishang Anthracite Resources Limited (FSHRF) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Feishang Anthracite Resources Limited $0.07, price $0.03, upside +174.9%, quality 32 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 24, 2026.
How to read this chart
60‑month range $0.0020 – $0.3250 · fair‑value band $0.0637 – $0.0831 · the $0.0267 price screens below the $0.0734 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Feishang Anthracite Resources Limited, an investment holding company, engages in the extraction, sale, and trade of anthracite coal in the People's Republic of China. It engages in the acquisition, construction, development, and operation of anthracite coal mines. The company also owns and operates four coal mines in Guizhou province.
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Feishang Anthracite Resources Limited, an investment holding company, engages in the extraction, sale, and trade of anthracite coal in the People's Republic of China. It engages in the acquisition, construction, development, and operation of anthracite coal mines. The company also owns and operates four coal mines in Guizhou province. In addition, it involved in coal washing activities; and purchasing construction equipment services and consulting. The company was formerly known as Wealthy Year Limited. Feishang Anthracite Resources Limited was incorporated in 2010 and is based in Fo Tan, Hong Kong. Feishang Anthracite Resources Limited is a subsidiary of Feishang Industrial Group Co., Ltd.
Stock analysis
Feishang Anthracite Resources Limited (FSHRF) currently trades at $0.0267, while our model-based Fair Value estimate is $0.0734, implying the stock looks roughly 63.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $0.1000 per share, and 5 of the 6 models we run sit above the $0.0267 price.
Bear case: the Multiples group reads lowest at $0.0200, and 1 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.0637 (bear) to $0.0831 (bull), the price of $0.0267 sits below 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 32/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Feishang Anthracite Resources Limited reported revenue of 357M CNY in FY2025 versus 1.1B CNY in FY2021, a compound −24.9%/yr. Reported net income was −610M CNY in FY2025.
Key figures
Market cap $66.8M · P/S ratio 0.19 · EPS (TTM) $−0.0700 · Net margin −175% · Return on assets (EBIT) −0.5% · Operating margin −90.9% · Revenue (TTM) $357M · Revenue growth (YoY) +42.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and 663% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −33% fair-value upside, at 175%, FSHRF screens cheaper than that median.
Fair Value models
Bear $0.0637Fair Value $0.0734Bull $0.0831
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.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.18/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+15.7%
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.
−39.4%
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.
−18.8%
Start year 2020 (pandemic). Over 10 years: +4.0% a year
Revenue growth 14 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.
+9.1%
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Profit margin (trend) ⓘ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.
−22.2% (2020) → −57.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Feishang Anthracite Resources Limited 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.Thermal Coal · 88 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside+174.9% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−7.2% · Bottom 25%
Net margin (TTM)−175.5% · Bottom 25%
Operating margin (TTM)−90.9% · Bottom 25%
Growth and dividend
Revenue growth42.3% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)0.19× · Cheapest 25%
P/FCF3.6× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 17
FUTURE (revenue growth)100· sector 17
PAST (return on equity)0· sector 23
HEALTH (low debt)0· sector 92
DIVIDEND (yield)0· sector 52
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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Is Feishang Anthracite Resources Limited (FSHRF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0734 versus a price of $0.0267, about +175% upside (undervalued).
What is the fair value of FSHRF?
Our model-based fair value for Feishang Anthracite Resources Limited is $0.0734 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.0267.
What is the quality score of FSHRF?
Feishang Anthracite Resources Limited has a Quality Score of 32/100. 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 Feishang Anthracite Resources Limited (FSHRF)?
Our model-based price target is the fair value of $0.0734 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario $0.0637, optimistic scenario $0.0831. It is a calculation from audited fundamentals, not an analyst target.
What is the Feishang Anthracite Resources Limited stock forecast for 2026?
Our models put fair value at $0.0734, about +175% upside versus a price of $0.0267 (undervalued). Cautious scenario $0.0637, optimistic scenario $0.0831. The calculation is refreshed regularly with new filings.
What is the revenue of Feishang Anthracite Resources Limited (FSHRF)?
Feishang Anthracite Resources Limited reported trailing-twelve-month revenue of about $357M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Feishang Anthracite Resources Limited (FSHRF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Feishang Anthracite Resources Limited it is $0.0734 per share (as of Sep 24, 2026), against a price of $0.0267. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Feishang Anthracite Resources Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FSHRF trades below its calculated fair value: price $0.0267, fair value $0.0734, a gap of about +175% (undervalued). 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 FSHRF?
No. The price is what the market pays today ($0.0267); the fair value is what the company's own numbers justify ($0.0734). For Feishang Anthracite Resources Limited the two are $0.0467 per share apart. That gap is exactly why we show both numbers side by side.
How much is Feishang Anthracite Resources Limited worth?
The market values Feishang Anthracite Resources Limited at about $66.8M (market capitalisation, as of Sep 24, 2026). Per share that is $0.0267; our models calculate a fair value of $0.0734 per share.
What do the bullish and bearish scenarios say about FSHRF?
Our models span a range for Feishang Anthracite Resources Limited: cautious scenario $0.0637, base $0.0734, optimistic $0.0831 per share (as of Sep 24, 2026, price $0.0267). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Feishang Anthracite Resources Limited (FSHRF)?
Balance-sheet figures for Feishang Anthracite Resources Limited (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is FSHRF from its 52-week high?
Feishang Anthracite Resources Limited trades at $0.0267, about 45% below its 52-week high of $0.0484 and 663% above the low of $0.0035 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0734 is for.
Which stocks are comparable to Feishang Anthracite Resources Limited?
From the same area (Energy) we also value China Shenhua Energy Company, Adani Enterprises Limited, Shaanxi Coal Industry Company, Yankuang Energy Group, 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 Feishang Anthracite Resources Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $0.0267, calculated fair value $0.0734 (+175%), Quality Score 32/100, from 6 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 FSHRF calculated?
We run Feishang Anthracite Resources Limited through 6 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 $0.0734, 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 14.9 % above its aggregate fair value. Feishang Anthracite Resources Limited currently trades 64 % below its own fair value, and the market average says nothing about that. 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 Feishang Anthracite Resources Limited (FSHRF)?
The closing price on Sep 28, 2026 was $0.0267. Our model-based fair value is $0.0734, about +175% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Feishang Anthracite Resources Limited right now?
The large discount to fair value meets weak quality (32/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($0.0637). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Feishang Anthracite Resources Limited
How large is the market capitalisation of Feishang Anthracite Resources Limited (FSHRF)?
The market capitalisation of Feishang Anthracite Resources Limited is $66.8M. 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 Feishang Anthracite Resources Limited (FSHRF)?
The price-to-sales ratio of Feishang Anthracite Resources Limited is 0.19 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Feishang Anthracite Resources Limited (FSHRF)?
Earnings per share at Feishang Anthracite Resources Limited are $−0.0700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Feishang Anthracite Resources Limited (FSHRF)?
The net margin of Feishang Anthracite Resources Limited is −175% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Feishang Anthracite Resources Limited (FSHRF)?
On an EBIT basis the return on assets of Feishang Anthracite Resources Limited is −0.5% (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 Feishang Anthracite Resources Limited (FSHRF)?
The operating margin of Feishang Anthracite Resources Limited is −90.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Feishang Anthracite Resources Limited (FSHRF)?
Revenue at Feishang Anthracite Resources Limited is growing +42.3% versus a year earlier (3y avg −39.4%). 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 Feishang Anthracite Resources Limited (FSHRF)?
Earnings per share at Feishang Anthracite Resources Limited are growing −82.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Feishang Anthracite Resources Limited (FSHRF) generate?
The free cash flow of Feishang Anthracite Resources Limited is $18.6M (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 Feishang Anthracite Resources Limited (FSHRF) carry?
The net debt of Feishang Anthracite Resources Limited is $1.7B (fiscal year 2025, ≈ 91.9 yrs of FCF). 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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Thin data
Sep 24, 2026