Baoshan Iron & Steel Co., Ltd.

SHSE:600019 Stock Report

Market Cap: CN¥147.1b

Baoshan Iron & Steel Valuation

Is 600019 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600019 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600019 (CN¥6.8) is trading below our estimate of fair value (CN¥7.49)

Significantly Below Fair Value: 600019 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600019?

Key metric: As 600019 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600019. This is calculated by dividing 600019's market cap by their current earnings.
What is 600019's PE Ratio?
PE Ratio15.8x
EarningsCN¥9.33b
Market CapCN¥147.10b

Price to Earnings Ratio vs Peers

How does 600019's PE Ratio compare to its peers?

The above table shows the PE ratio for 600019 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.8x
000708 Citic Pacific Special Steel Group
11.9x13.8%CN¥61.8b
600985 Huaibei Mining HoldingsLtd
7.8x9.7%CN¥41.3b
000932 Hunan Valin Steel
11.6x19.3%CN¥31.8b
600282 Nanjing Iron & Steel
11.9x10.8%CN¥26.4b
600019 Baoshan Iron & Steel
15.8x18.1%CN¥147.1b

Price-To-Earnings vs Peers: 600019 is expensive based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (10.8x).

Price to Earnings Ratio vs Industry

How does 600019's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
600117 Xining Special Steel.Co.Ltd
3.5xn/aUS$1.20b
No more companies available in this PE range
600019 15.8xIndustry Avg. 27.4xNo. of Companies26PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600019 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the CN Metals and Mining industry average (27.4x).

Price to Earnings Ratio vs Fair Ratio

What is 600019's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600019 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: 600019 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 600019 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥6.80
CN¥7.63
+12.2%
9.8%CN¥9.05CN¥6.00n/a12
Nov ’25CN¥6.68
CN¥7.63
+14.2%
9.8%CN¥9.05CN¥6.00n/a12
Oct ’25CN¥6.94
CN¥7.59
+9.4%
10.0%CN¥9.05CN¥6.00n/a12
Sep ’25CN¥5.96
CN¥7.89
+32.3%
9.8%CN¥9.05CN¥6.00n/a11
Aug ’25CN¥6.82
CN¥8.24
+20.8%
5.2%CN¥9.05CN¥7.50n/a10
Jul ’25CN¥6.76
CN¥8.24
+21.9%
5.2%CN¥9.05CN¥7.50n/a10
Jun ’25CN¥6.90
CN¥7.98
+15.7%
10.0%CN¥9.05CN¥6.00n/a11
May ’25CN¥6.95
CN¥7.77
+11.9%
10.9%CN¥9.05CN¥6.00n/a11
Apr ’25CN¥6.63
CN¥7.43
+12.1%
9.0%CN¥8.41CN¥6.00n/a12
Mar ’25CN¥6.68
CN¥7.43
+11.3%
9.0%CN¥8.41CN¥6.00n/a12
Feb ’25CN¥6.12
CN¥7.34
+20.0%
8.5%CN¥8.41CN¥6.00n/a11
Jan ’25CN¥5.93
CN¥7.70
+29.9%
16.8%CN¥11.50CN¥6.00n/a12
Dec ’24CN¥6.25
CN¥7.69
+23.0%
16.6%CN¥11.50CN¥6.00n/a12
Nov ’24CN¥6.25
CN¥7.69
+23.0%
16.6%CN¥11.50CN¥6.00CN¥6.6812
Oct ’24CN¥6.09
CN¥7.81
+28.3%
15.7%CN¥11.50CN¥6.00CN¥6.9413
Sep ’24CN¥6.36
CN¥7.47
+17.5%
19.3%CN¥11.50CN¥5.15CN¥5.9614
Aug ’24CN¥6.47
CN¥7.47
+15.4%
20.0%CN¥11.50CN¥5.15CN¥6.8213
Jul ’24CN¥5.62
CN¥7.32
+30.2%
21.0%CN¥11.50CN¥5.15CN¥6.7613
Jun ’24CN¥5.85
CN¥7.38
+26.1%
20.1%CN¥11.50CN¥5.15CN¥6.9014
May ’24CN¥6.44
CN¥7.27
+12.9%
20.2%CN¥11.50CN¥5.15CN¥6.9514
Apr ’24CN¥6.24
CN¥7.05
+13.0%
22.9%CN¥11.50CN¥4.50CN¥6.6313
Mar ’24CN¥6.62
CN¥7.05
+6.5%
22.9%CN¥11.50CN¥4.50CN¥6.6813
Feb ’24CN¥6.30
CN¥7.04
+11.8%
25.2%CN¥11.50CN¥4.50CN¥6.1213
Jan ’24CN¥5.59
CN¥6.92
+23.7%
26.4%CN¥11.50CN¥4.50CN¥5.9313
Dec ’23CN¥5.61
CN¥6.88
+22.6%
26.5%CN¥11.50CN¥4.50CN¥6.2513
Nov ’23CN¥4.88
CN¥7.03
+44.0%
24.1%CN¥11.50CN¥5.20CN¥6.2513

Analyst Forecast: Target price is less than 20% higher than the current share price.

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