Shandong Nanshan AluminiumLtd (SHSE:600219) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 600219 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600219 (CN¥3.91) is trading below our estimate of [[fair value]] (CN¥9.37)

Share Price vs Fair Value

What is the Fair Price of 600219 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600219 (CN¥3.91) is trading below our estimate of fair value (CN¥9.37)

Significantly Below Fair Value: 600219 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600219?

Key metric: As 600219 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600219. This is calculated by dividing 600219's market cap by their current earnings.
What is 600219's PE Ratio?
PE Ratio	9.5x
Earnings	CN¥4.82b
Market Cap	CN¥45.85b

600219 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	4.5x
PEG Ratio	4x

Price to Earnings Ratio vs Peers

How does 600219's PE Ratio compare to its peers?

The above table shows the PE ratio for 600219 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.1x
000807 Yunnan Aluminium	8.8x	8.5%	CN¥46.5b
002532 Tianshan Aluminum GroupLtd	10.2x	13.0%	CN¥37.2b
600673 Guangdong HEC Technology Holding	99.1x	54.5%	CN¥24.3b
601677 Henan Mingtai Al.IndustrialLtd	10.4x	12.7%	CN¥15.1b
600219 Shandong Nanshan AluminiumLtd	9.5x	2.4%	CN¥45.9b

Price-To-Earnings vs Peers: 600219 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (32.1x).

Price to Earnings Ratio vs Industry

How does 600219's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
600117 Xining Special Steel.Co.Ltd	3.4x	n/a	US$1.16b

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600219 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the CN Metals and Mining industry average (27.4x).

Price to Earnings Ratio vs Fair Ratio

What is 600219'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.

600219 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.5x
Fair PE Ratio	16.3x

Price-To-Earnings vs Fair Ratio: 600219 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).

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 600219 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥3.91	CN¥4.60 +17.7%	3.0%	CN¥4.80	CN¥4.50	n/a	3
Nov ’25	CN¥4.16	CN¥4.60 +10.7%	3.0%	CN¥4.80	CN¥4.50	n/a	3
Oct ’25	CN¥4.38	CN¥4.60 +5.1%	3.0%	CN¥4.80	CN¥4.50	n/a	3
Sep ’25	CN¥3.67	CN¥4.60 +25.4%	3.0%	CN¥4.80	CN¥4.50	n/a	3
Aug ’25	CN¥3.63	CN¥4.40 +21.2%	3.4%	CN¥4.51	CN¥4.19	n/a	3
Jul ’25	CN¥3.88	CN¥4.40 +13.4%	3.4%	CN¥4.51	CN¥4.19	n/a	3
Jun ’25	CN¥3.85	CN¥4.35 +12.9%	3.6%	CN¥4.50	CN¥4.19	n/a	2
May ’25	CN¥3.58	CN¥4.20 +17.2%	0.1%	CN¥4.20	CN¥4.19	n/a	2
Apr ’25	CN¥3.45	CN¥4.15 +20.1%	1.1%	CN¥4.19	CN¥4.10	n/a	2
Mar ’25	CN¥3.12	CN¥4.15 +32.9%	1.1%	CN¥4.19	CN¥4.10	n/a	2
Feb ’25	CN¥2.90	CN¥4.15 +42.9%	1.1%	CN¥4.19	CN¥4.10	n/a	2
Jan ’25	CN¥2.94	CN¥4.15 +41.0%	1.1%	CN¥4.19	CN¥4.10	n/a	2
Dec ’24	CN¥2.89	CN¥3.97 +37.5%	6.2%	CN¥4.19	CN¥3.63	n/a	3
Nov ’24	CN¥3.12	CN¥3.97 +27.4%	6.2%	CN¥4.19	CN¥3.63	CN¥4.16	3
Oct ’24	CN¥3.14	CN¥3.97 +26.5%	6.2%	CN¥4.19	CN¥3.63	CN¥4.38	3
Sep ’24	CN¥3.19	CN¥4.53 +42.1%	15.3%	CN¥5.55	CN¥3.63	CN¥3.67	5
Aug ’24	CN¥3.27	CN¥4.53 +38.7%	15.3%	CN¥5.55	CN¥3.63	CN¥3.63	5
Jul ’24	CN¥3.02	CN¥4.53 +50.1%	15.3%	CN¥5.55	CN¥3.63	CN¥3.88	5
Jun ’24	CN¥3.03	CN¥4.59 +51.6%	14.7%	CN¥5.55	CN¥3.63	CN¥3.85	5
May ’24	CN¥3.39	CN¥4.75 +40.2%	15.7%	CN¥5.55	CN¥3.63	CN¥3.58	5
Apr ’24	CN¥3.39	CN¥4.71 +38.9%	17.3%	CN¥5.55	CN¥3.41	CN¥3.45	5
Mar ’24	CN¥3.68	CN¥4.71 +28.0%	17.3%	CN¥5.55	CN¥3.41	CN¥3.12	5
Feb ’24	CN¥3.70	CN¥4.50 +21.6%	17.4%	CN¥5.50	CN¥3.41	CN¥2.90	4
Jan ’24	CN¥3.27	CN¥4.50 +37.6%	17.4%	CN¥5.50	CN¥3.41	CN¥2.94	4
Dec ’23	CN¥3.59	CN¥4.50 +25.3%	17.4%	CN¥5.50	CN¥3.41	CN¥2.89	4
Nov ’23	CN¥3.16	CN¥4.97 +57.2%	23.5%	CN¥6.84	CN¥3.41	CN¥3.12	5

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

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Shandong Nanshan AluminiumLtd Valuation