Xiamen Tungsten Co.,Ltd.

SHSE:600549 Stock Report

Market Cap: CN¥30.0b

Xiamen TungstenLtd Valuation

Is 600549 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 600549 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600549 (CN¥21.26) is trading below our estimate of fair value (CN¥297.05)

Significantly Below Fair Value: 600549 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600549?

Key metric: As 600549 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600549. This is calculated by dividing 600549's market cap by their current earnings.
What is 600549's PE Ratio?
PE Ratio16.4x
EarningsCN¥1.84b
Market CapCN¥29.96b

Price to Earnings Ratio vs Peers

How does 600549's PE Ratio compare to its peers?

The above table shows the PE ratio for 600549 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.9x
600497 Yunnan Chihong Zinc & Germanium
26.4x22.7%CN¥30.5b
000933 Henan Shenhuo Coal Industry and Electricity Power
7.2x10.0%CN¥37.9b
002738 Sinomine Resource Group
41.4x43.3%CN¥28.5b
601168 Western MiningLtd
12.5x18.0%CN¥41.6b
600549 Xiamen TungstenLtd
16.4x14.4%CN¥30.0b

Price-To-Earnings vs Peers: 600549 is good value based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

How does 600549'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
3.6xn/aUS$1.20b
No more companies available in this PE range
600549 16.4xIndustry Avg. 28.4xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600549 is good value based on its Price-To-Earnings Ratio (16.4x) compared to the CN Metals and Mining industry average (28.4x).

Price to Earnings Ratio vs Fair Ratio

What is 600549'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.

600549 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ratio20.2x

Price-To-Earnings vs Fair Ratio: 600549 is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).

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 600549 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥21.26
CN¥23.05
+8.4%
10.6%CN¥25.50CN¥20.60n/a2
Nov ’25CN¥21.19
CN¥23.05
+8.8%
10.6%CN¥25.50CN¥20.60n/a2
Oct ’25CN¥20.92
CN¥23.05
+10.2%
10.6%CN¥25.50CN¥20.60n/a2
Sep ’25CN¥17.00
CN¥23.05
+35.6%
10.6%CN¥25.50CN¥20.60n/a2
Aug ’25CN¥16.96
CN¥22.40
+32.1%
8.0%CN¥24.20CN¥20.60n/a2
Jul ’25CN¥17.54
CN¥22.40
+27.7%
8.0%CN¥24.20CN¥20.60n/a2
Jun ’25CN¥19.03
CN¥22.40
+17.7%
8.0%CN¥24.20CN¥20.60n/a2
May ’25CN¥19.17
CN¥22.40
+16.8%
8.0%CN¥24.20CN¥20.60n/a2
Apr ’25CN¥19.68
CN¥21.10
+7.2%
2.4%CN¥21.60CN¥20.60n/a2
Feb ’25CN¥15.18
CN¥24.28
+59.9%
13.2%CN¥28.40CN¥20.60n/a3
Jan ’25CN¥17.18
CN¥24.28
+41.3%
13.2%CN¥28.40CN¥20.60n/a3
Dec ’24CN¥17.12
CN¥24.28
+41.8%
13.2%CN¥28.40CN¥20.60n/a3
Nov ’24CN¥17.11
CN¥24.28
+41.9%
13.2%CN¥28.40CN¥20.60CN¥21.193
Oct ’24CN¥17.15
CN¥24.28
+41.6%
13.2%CN¥28.40CN¥20.60CN¥20.923
Sep ’24CN¥17.55
CN¥26.21
+49.3%
16.6%CN¥32.00CN¥20.60CN¥17.004
Aug ’24CN¥19.10
CN¥26.21
+37.2%
16.6%CN¥32.00CN¥20.60CN¥16.964
Jul ’24CN¥19.03
CN¥26.30
+38.2%
21.7%CN¥32.00CN¥20.60CN¥17.542
Jun ’24CN¥18.39
CN¥26.30
+43.0%
21.7%CN¥32.00CN¥20.60CN¥19.032
May ’24CN¥19.54
CN¥25.54
+30.7%
18.7%CN¥32.00CN¥20.60CN¥19.173
Apr ’24CN¥20.38
CN¥25.54
+25.3%
18.7%CN¥32.00CN¥20.60CN¥19.683
Mar ’24CN¥22.79
CN¥25.54
+12.1%
18.7%CN¥32.00CN¥20.60CN¥16.903
Feb ’24CN¥23.48
CN¥22.32
-5.0%
7.7%CN¥24.03CN¥20.60CN¥15.182
Jan ’24CN¥19.55
CN¥22.32
+14.1%
7.7%CN¥24.03CN¥20.60CN¥17.182
Dec ’23CN¥21.73
CN¥22.32
+2.7%
7.7%CN¥24.03CN¥20.60CN¥17.122
Nov ’23CN¥21.10
CN¥22.32
+5.8%
7.7%CN¥24.03CN¥20.60CN¥17.112

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

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