Fushun Special Steel Co.,LTD.

SHSE:600399 Stock Report

Market Cap: CN¥13.1b

Fushun Special SteelLTD Valuation

Is 600399 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 600399 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600399 (CN¥6.68) is trading above our estimate of fair value (CN¥1.13)

Significantly Below Fair Value: 600399 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600399?

Key metric: As 600399 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600399. This is calculated by dividing 600399's market cap by their current earnings.
What is 600399's PE Ratio?
PE Ratio33.3x
EarningsCN¥395.75m
Market CapCN¥13.09b

Price to Earnings Ratio vs Peers

How does 600399's PE Ratio compare to its peers?

The above table shows the PE ratio for 600399 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
600456 Baoji Titanium Industry
29.2x18.8%CN¥14.5b
601969 Hainan Mining
20.3x15.1%CN¥13.6b
002541 Anhui Honglu Steel Construction(Group)
11.8x16.7%CN¥10.9b
001203 Dazhong Mining
15.2x16.1%CN¥13.5b
600399 Fushun Special SteelLTD
33.3x32.4%CN¥13.1b

Price-To-Earnings vs Peers: 600399 is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does 600399'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
600399 33.3xIndustry Avg. 28.0xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600399 is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the CN Metals and Mining industry average (28x).

Price to Earnings Ratio vs Fair Ratio

What is 600399'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.

600399 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.3x
Fair PE Ratio27.5x

Price-To-Earnings vs Fair Ratio: 600399 is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the estimated Fair Price-To-Earnings Ratio (27.5x).

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 600399 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥6.68
CN¥8.22
+23.1%
21.7%CN¥10.00CN¥6.44n/a2
Nov ’25CN¥6.89
CN¥8.22
+19.3%
21.7%CN¥10.00CN¥6.44n/a2
Oct ’25CN¥6.30
CN¥7.22
+14.6%
10.8%CN¥8.00CN¥6.44n/a2
Sep ’25CN¥5.20
CN¥8.22
+58.1%
21.7%CN¥10.00CN¥6.44n/a2
Aug ’25CN¥5.69
CN¥8.79
+54.4%
13.8%CN¥10.00CN¥7.57n/a2
Jul ’25CN¥5.53
CN¥8.79
+58.9%
13.8%CN¥10.00CN¥7.57n/a2
Jun ’25CN¥6.31
CN¥8.79
+39.2%
13.8%CN¥10.00CN¥7.57n/a2
Mar ’25CN¥6.32
CN¥11.37
+79.8%
3.2%CN¥11.73CN¥11.00n/a2
Feb ’25CN¥5.88
CN¥11.37
+93.3%
3.2%CN¥11.73CN¥11.00n/a2
Jan ’25CN¥9.72
CN¥11.37
+16.9%
3.2%CN¥11.73CN¥11.00n/a2
Dec ’24CN¥10.09
CN¥11.37
+12.6%
3.2%CN¥11.73CN¥11.00n/a2
Nov ’24CN¥9.36
CN¥11.37
+21.4%
3.2%CN¥11.73CN¥11.00CN¥6.892
Oct ’24CN¥9.37
CN¥11.37
+21.3%
3.2%CN¥11.73CN¥11.00CN¥6.302
Sep ’24CN¥9.36
CN¥11.37
+21.4%
3.2%CN¥11.73CN¥11.00CN¥5.202
Aug ’24CN¥10.39
CN¥14.09
+35.6%
2.9%CN¥14.50CN¥13.68CN¥5.692
Jul ’24CN¥10.20
CN¥14.09
+38.1%
2.9%CN¥14.50CN¥13.68CN¥5.532
Jun ’24CN¥9.22
CN¥14.09
+52.8%
2.9%CN¥14.50CN¥13.68CN¥6.312

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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