JX Advanced Metals Corporation (JXAMY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of JX Advanced Metals Corporation stock $12.70, price $37.30, upside -66.0%, quality 69 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
JX Advanced Metals Corporation develops, manufactures, and sells materials made from copper and rare metals in Japan. The company operates through Semiconductor Materials, ICT Materials, and Metals & Recycling segments.
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It offers copper alloys/foil, sputtering targets, compound semiconductors and crystal materials, metal and compound powders, special ceramic powders, high-purity metals, surface treatment agents, upinorg (high-purity copper sulfate), electroless UBM plating service, heater, shielding materials, stainless steel, and nonferrous metals and chemical products.
The company also provides titanium sponge, THC catalysts, electrolytic copper, cast copper, precious metals, sulfuric acid, and EMI shielding films. The company was formerly known as JX Metals Corporation and changed its name to JX Advanced Metals Corporation in May 2024.
JX Advanced Metals Corporation was founded in 1905 and is headquartered in Minato, Japan.
Stock analysis
JX Advanced Metals Corporation (JXAMY) currently trades at $37.30, while our model-based Fair Value estimate is $12.70, 66.0% 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 $15.67 per share, and 0 of the 23 models we run sit above the $37.30 price.
Bear case: the Earnings-Based group reads lowest at $2.89, and 23 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.09 (bear) to $15.87 (bull), the price of $37.30 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 69/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
JX Advanced Metals Corporation reported revenue of ¥885B in FY2026 versus ¥1.6T in FY2023, a compound −18.6%/yr. Reported net income was ¥105B in FY2026, compounding +41.5%/yr from FY2023.
Key figures
Market cap $34.5B Large · P/E ratio 38.9 · P/S ratio 4.60 · EPS (TTM) $0.9600 · Dividend yield 0.8% · Net margin 11.8% · Return on equity 23.2% · Return on assets (EBIT) 3.0%.
What moves the price
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −66%, JXAMY screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($2.89 to $29.71). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$9.09Fair Value $12.70Bull$15.87
Price $37.30 · Upside -66.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.5444 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.Coverage ⓘCoverage = 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year (last 3 years), in JPY (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+39.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.8%
Dividend (yield on the price)0.8%
Profit margin 2023 to 2026 ⓘ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.2% → 7%
2026 sits 54% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +17.4% a year for the price and +5.4% for the forecasts.
AI conclusion: The integrated supply chain from resources to advanced materials supports capacity growth for AI demand, yet sizable investments create execution and return risks with the stock viewed as overvalued.
Main risk: Sizable investments to expand titanium copper production introduce execution risks that could impair returns on the new capacity.
JX Advanced Metals is expanding titanium copper production capacity by 50 percent through 2029 to meet rising demand for durable connectors in AI servers. Its integrated supply chain from resources to advanced materials supports this move, yet the sizable investments introduce execution and return risks amid our models viewing the stock as overvalued. Will volume gains from AI data centers outweigh the costs of scaling these specialty alloys?
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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.Semiconductor Equipment & Materials · 226 stocks
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Is JX Advanced Metals Corporation (JXAMY) overvalued or undervalued?
As of Oct 24, 2026, our model estimates a fair value of $12.70 versus a price of $37.30, about −66% upside (overvalued).
What is the fair value of JXAMY?
Our model-based fair value for JX Advanced Metals Corporation is $12.70 (as of Oct 24, 2026), built from audited fundamentals. The current price: $37.30.
What is the quality score of JXAMY?
JX Advanced Metals Corporation has a Quality Score of 69/100. 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 JX Advanced Metals Corporation (JXAMY)?
Our model-based price target is the fair value of $12.70 (as of Oct 24, 2026) from 23 valuation models. Cautious scenario $9.09, optimistic scenario $15.87. It is a calculation from audited fundamentals, not an analyst target.
What is the JX Advanced Metals Corporation stock forecast for 2026?
Our models put fair value at $12.70, about −66% upside versus a price of $37.30 (overvalued). Cautious scenario $9.09, optimistic scenario $15.87. The calculation is refreshed regularly with new filings.
What is the revenue of JX Advanced Metals Corporation (JXAMY)?
JX Advanced Metals Corporation reported trailing-twelve-month revenue of about ¥954B (latest available figure, as of Oct 24, 2026).
Does JX Advanced Metals Corporation pay a dividend?
JX Advanced Metals Corporation currently shows a dividend yield of 0.83% relative to its recent price (as of Oct 24, 2026).
What growth is priced into JX Advanced Metals Corporation (JXAMY)?
For today's price to be fair in a discounted-cash-flow model, JX Advanced Metals Corporation would have to grow free cash flow by +19.8 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -18.6 % per year. As of Oct 24, 2026.
What discount rate (WACC) does the fair value of JXAMY use?
Our models discount JX Advanced Metals Corporation at 9.2 %: a base by market capitalisation (large), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For JX Advanced Metals Corporation that is +19.8 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has JX Advanced Metals Corporation (JXAMY) delivered so far?
Over the past 3 years revenue at JX Advanced Metals Corporation grew -18.6 % a year. The price currently implies +19.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of JX Advanced Metals Corporation (JXAMY) growing?
The median revenue growth in the sector is +16.4 % a year. That is the yardstick for the growth priced into JX Advanced Metals Corporation (+19.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of JX Advanced Metals Corporation (JXAMY)?
The free-cash-flow yield on the price is 2.81 %: that much free cash flow JX Advanced Metals Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JX Advanced Metals Corporation (JXAMY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JX Advanced Metals Corporation it is $12.70 per share (as of Oct 24, 2026), against a price of $37.30. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is JX Advanced Metals Corporation stock overvalued or undervalued in 2026?
As of Oct 24, 2026, JXAMY trades above its calculated fair value: price $37.30, fair value $12.70, a gap of about −66% (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 JXAMY?
No. The price is what the market pays today ($37.30); the fair value is what the company's own numbers justify ($12.70). For JX Advanced Metals Corporation the two are $24.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is JX Advanced Metals Corporation worth?
The market values JX Advanced Metals Corporation at about $34.5B (market capitalisation, as of Oct 24, 2026). Per share that is $37.30; our models calculate a fair value of $12.70 per share.
What do the bullish and bearish scenarios say about JXAMY?
Our models span a range for JX Advanced Metals Corporation: cautious scenario $9.09, base $12.70, optimistic $15.87 per share (as of Oct 24, 2026, price $37.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JXAMY?
JX Advanced Metals Corporation trades at a price-to-earnings ratio of 38.9 (as of Oct 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.70 is built from several models across several years. Other multiples: P/B 7.5, P/S 5.7, EV/EBITDA 38.8.
How solid is the balance sheet of JX Advanced Metals Corporation (JXAMY)?
Balance-sheet figures for JX Advanced Metals Corporation (as of Oct 24, 2026): return on equity 23.2%, debt of 0.25 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
Which stocks are comparable to JX Advanced Metals Corporation?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 JX Advanced Metals Corporation stock attractive at the current price?
The data as of Oct 24, 2026: price $37.30, calculated fair value $12.70 (−66%), Quality Score 69/100, from 23 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 JXAMY calculated?
We run JX Advanced Metals Corporation through 23 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 $12.70, 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 12.3 % above its aggregate fair value. JX Advanced Metals Corporation 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 JX Advanced Metals Corporation (JXAMY)?
The closing price on Oct 22, 2026 was $37.30. Our model-based fair value is $12.70, about −66% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JX Advanced Metals Corporation right now?
The price sits above even our optimistic bull case ($15.87). The favourable scenario is already priced in. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of JX Advanced Metals Corporation
How large is the market capitalisation of JX Advanced Metals Corporation (JXAMY)?
The market capitalisation of JX Advanced Metals Corporation is $34.5B. 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 JX Advanced Metals Corporation (JXAMY)?
The price-to-sales ratio of JX Advanced Metals Corporation is 4.60 (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 JX Advanced Metals Corporation (JXAMY)?
Earnings per share at JX Advanced Metals Corporation are $0.9600 (price ÷ EPS = P/E 38.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JX Advanced Metals Corporation (JXAMY)?
The dividend yield of JX Advanced Metals Corporation is 0.8% (payout 32.2%). 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 JX Advanced Metals Corporation (JXAMY)?
The net margin of JX Advanced Metals Corporation is 11.8% (fiscal year 2026). 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 JX Advanced Metals Corporation (JXAMY)?
The return on equity (ROE) of JX Advanced Metals Corporation is 23.2% (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 JX Advanced Metals Corporation (JXAMY)?
On an EBIT basis the return on assets of JX Advanced Metals Corporation is 3.0% (avg 4y). 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 JX Advanced Metals Corporation (JXAMY)?
The operating margin of JX Advanced Metals Corporation is 18.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JX Advanced Metals Corporation (JXAMY)?
Revenue at JX Advanced Metals Corporation is growing +36.2% versus a year earlier (3y avg −18.6%). 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 JX Advanced Metals Corporation (JXAMY)?
Earnings per share at JX Advanced Metals Corporation are growing +176% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does JX Advanced Metals Corporation (JXAMY) carry?
The net debt of JX Advanced Metals Corporation is ¥258B (fiscal year 2026, ≈ 1.7 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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Oct 24, 2026