Angang Steel Company Limited

DB:GNV Stock Report

Market Cap: €2.7b

Angang Steel Valuation

Is GNV 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
€0.0015
Fair Value
11.6k% overvalued intrinsic discount
7
Number of Analysts

Below Fair Value: GNV (€0.17) is trading above our estimate of fair value (€0)

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

Key Valuation Metric

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

Key metric: As GNV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GNV. This is calculated by dividing GNV's market cap by their current revenue.
What is GNV's PS Ratio?
PS Ratio0.1x
SalesCN¥106.82b
Market CapCN¥20.12b

Price to Sales Ratio vs Peers

How does GNV's PS Ratio compare to its peers?

The above table shows the PS ratio for GNV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
TKA thyssenkrupp
0.07x1.1%€2.4b
SZG Salzgitter
0.08x1.3%€851.9m
NDA Aurubis
0.2x3.7%€3.2b
WCH Wacker Chemie
0.6x4.7%€3.5b
GNV Angang Steel
0.1x-1.4%€21.3b

Price-To-Sales vs Peers: GNV is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does GNV's PS Ratio compare vs other companies in the European Metals and Mining Industry?

33 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.7x2.1%
GNV Angang Steel
 0.1x-1.4%US$2.74b
GNV 0.1xIndustry Avg. 0.7xNo. of Companies32PS00.81.62.43.24+
33 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.7x29.2%
GNV Angang Steel
 0.1x104.3%US$2.74b
No more companies

Price-To-Sales vs Industry: GNV is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

GNV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: GNV is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 GNV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.17
€0.16
-5.2%
20.9%€0.22€0.12n/a7
Jan ’26€0.18
€0.16
-8.9%
21.0%€0.22€0.12n/a7
Dec ’25€0.17
€0.16
-1.7%
21.0%€0.22€0.12n/a7
Nov ’25€0.17
€0.20
+13.7%
42.6%€0.36€0.12n/a8
Oct ’25€0.17
€0.19
+11.7%
42.9%€0.36€0.12n/a8
Sep ’25€0.12
€0.20
+59.9%
37.9%€0.36€0.12n/a9
Aug ’25€0.13
€0.20
+49.9%
35.7%€0.36€0.12n/a9
Jul ’25€0.14
€0.21
+50.7%
38.8%€0.39€0.12n/a9
Jun ’25€0.16
€0.22
+37.4%
31.0%€0.39€0.18n/a9
May ’25€0.15
€0.23
+50.3%
29.3%€0.39€0.18n/a10
Apr ’25€0.15
€0.24
+61.8%
26.6%€0.39€0.18n/a11
Mar ’25€0.16
€0.26
+63.8%
24.1%€0.39€0.18n/a11
Feb ’25€0.14
€0.28
+93.9%
23.6%€0.39€0.18n/a11
Jan ’25€0.17
€0.29
+70.2%
19.4%€0.39€0.23€0.1811
Dec ’24€0.18
€0.31
+70.6%
24.8%€0.51€0.23€0.1711
Nov ’24€0.20
€0.31
+52.8%
24.8%€0.51€0.23€0.1711
Oct ’24€0.22
€0.32
+45.0%
21.3%€0.50€0.25€0.1711
Sep ’24€0.22
€0.32
+43.1%
21.8%€0.50€0.23€0.1212
Aug ’24€0.26
€0.32
+23.5%
18.8%€0.46€0.23€0.1312
Jul ’24€0.23
€0.32
+38.6%
19.3%€0.46€0.22€0.1412
Jun ’24€0.23
€0.36
+54.8%
28.4%€0.63€0.23€0.1613
May ’24€0.29
€0.35
+23.4%
28.3%€0.63€0.23€0.1513
Apr ’24€0.28
€0.34
+20.6%
31.9%€0.64€0.23€0.1513
Mar ’24€0.30
€0.36
+20.5%
34.0%€0.65€0.24€0.1613
Feb ’24€0.28
€0.37
+32.6%
39.6%€0.77€0.24€0.1413
Jan ’24€0.24
€0.37
+54.9%
40.9%€0.76€0.19€0.1713
Analyst Price Target
Consensus Narrative from 7 Analysts
€0.16
Fair Value
7.7% overvalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 12:46
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Angang Steel Company Limited is covered by 58 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ephrem RaviBarclays
James ClarkeBNP Paribas Securities (Asia)
Michelle W.C. LeungBOCI Research Ltd.