China Northern Rare Earth (Group) High-Tech Co.,Ltd

SHSE:600111 Stock Report

Market Cap: CN¥83.9b

China Northern Rare Earth (Group) High-TechLtd Valuation

Is 600111 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 600111 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600111 (CN¥23.21) is trading above our estimate of fair value (CN¥17.19)

Significantly Below Fair Value: 600111 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600111?

Key metric: As 600111 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600111. This is calculated by dividing 600111's market cap by their current earnings.
What is 600111's PE Ratio?
PE Ratio60.1x
EarningsCN¥1.40b
Market CapCN¥83.91b

Price to Earnings Ratio vs Peers

How does 600111's PE Ratio compare to its peers?

The above table shows the PE ratio for 600111 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.2x
000933 Henan Shenhuo Coal Industry and Electricity Power
7.1x10.0%CN¥37.9b
000975 Shanjin International Gold
22.8x23.1%CN¥46.3b
601168 Western MiningLtd
12.5x18.0%CN¥41.6b
600497 Yunnan Chihong Zinc & Germanium
26.4x22.7%CN¥30.5b
600111 China Northern Rare Earth (Group) High-TechLtd
60.1x44.6%CN¥83.9b

Price-To-Earnings vs Peers: 600111 is expensive based on its Price-To-Earnings Ratio (60.1x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does 600111'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
600111 60.1xIndustry Avg. 28.0xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600111 is expensive based on its Price-To-Earnings Ratio (60.1x) compared to the CN Metals and Mining industry average (28x).

Price to Earnings Ratio vs Fair Ratio

What is 600111'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.

600111 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio60.1x
Fair PE Ratio39.7x

Price-To-Earnings vs Fair Ratio: 600111 is expensive based on its Price-To-Earnings Ratio (60.1x) compared to the estimated Fair Price-To-Earnings Ratio (39.7x).

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 600111 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥23.21
CN¥26.90
+15.9%
15.7%CN¥34.00CN¥23.30n/a4
Nov ’25CN¥23.61
CN¥23.90
+1.2%
6.1%CN¥26.00CN¥22.00n/a4
Oct ’25CN¥20.63
CN¥22.26
+7.9%
13.4%CN¥26.00CN¥17.74n/a4
Sep ’25CN¥16.82
CN¥22.26
+32.3%
13.4%CN¥26.00CN¥17.74n/a4
Aug ’25CN¥17.43
CN¥22.67
+30.0%
10.5%CN¥26.00CN¥19.37n/a4
Jul ’25CN¥18.03
CN¥23.17
+28.5%
10.4%CN¥26.00CN¥19.37n/a4
Jun ’25CN¥18.90
CN¥23.17
+22.6%
10.4%CN¥26.00CN¥19.37n/a4
May ’25CN¥19.30
CN¥25.06
+29.8%
16.5%CN¥30.87CN¥19.37n/a4
Apr ’25CN¥19.93
CN¥25.94
+30.2%
14.6%CN¥30.87CN¥20.90n/a4
Mar ’25CN¥19.07
CN¥25.94
+36.0%
14.6%CN¥30.87CN¥20.90n/a4
Feb ’25CN¥16.80
CN¥27.62
+64.4%
10.2%CN¥30.87CN¥24.00n/a3
Jan ’25CN¥19.34
CN¥29.44
+52.2%
4.9%CN¥30.87CN¥28.00n/a2
Dec ’24CN¥19.88
CN¥29.44
+48.1%
4.9%CN¥30.87CN¥28.00n/a2
Nov ’24CN¥20.80
CN¥38.69
+86.0%
20.2%CN¥46.50CN¥30.87CN¥23.612
Oct ’24CN¥21.79
CN¥38.69
+77.5%
20.2%CN¥46.50CN¥30.87CN¥20.632
Sep ’24CN¥22.36
CN¥38.69
+73.0%
20.2%CN¥46.50CN¥30.87CN¥16.822
Aug ’24CN¥24.75
CN¥38.69
+56.3%
20.2%CN¥46.50CN¥30.87CN¥17.432
Jul ’24CN¥23.98
CN¥38.69
+61.3%
20.2%CN¥46.50CN¥30.87CN¥18.032
Jun ’24CN¥23.97
CN¥38.69
+61.4%
20.2%CN¥46.50CN¥30.87CN¥18.902
May ’24CN¥25.16
CN¥36.52
+45.2%
19.4%CN¥46.50CN¥30.87CN¥19.303
Apr ’24CN¥26.09
CN¥36.52
+40.0%
19.4%CN¥46.50CN¥30.87CN¥19.933
Mar ’24CN¥29.35
CN¥36.52
+24.4%
19.4%CN¥46.50CN¥30.87CN¥19.073
Feb ’24CN¥30.80
CN¥36.52
+18.6%
19.4%CN¥46.50CN¥30.87CN¥16.803
Jan ’24CN¥25.05
CN¥39.62
+58.2%
14.8%CN¥46.50CN¥32.20CN¥19.343
Dec ’23CN¥26.30
CN¥39.62
+50.7%
14.8%CN¥46.50CN¥32.20CN¥19.883
Nov ’23CN¥26.62
CN¥39.62
+48.8%
14.8%CN¥46.50CN¥32.20CN¥20.803

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

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