Maanshan Iron & Steel Company Limited

DB:YM9A Stock Report

Market Cap: €2.9b

Maanshan Iron & Steel Valuation

Is YM9A 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 YM9A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€0.029
Fair Value
525.6% overvalued intrinsic discount
7
Number of Analysts

Below Fair Value: YM9A (€0.18) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: YM9A is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for YM9A?

Key metric: As YM9A is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for YM9A. This is calculated by dividing YM9A's market cap by their current revenue.
What is YM9A's PS Ratio?
PS Ratio0.1x
SalesCN¥86.53b
Market CapCN¥21.95b

Price to Sales Ratio vs Peers

How does YM9A's PS Ratio compare to its peers?

The above table shows the PS ratio for YM9A 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%€839.4m
NDA Aurubis
0.2x3.7%€3.1b
WCH Wacker Chemie
0.5x4.8%€3.2b
YM9A Maanshan Iron & Steel
0.1x-1.3%€23.3b

Price-To-Sales vs Peers: YM9A 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 YM9A's PS Ratio compare vs other companies in the European Metals and Mining Industry?

34 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.7x2.1%
YM9A Maanshan Iron & Steel
 0.1x-1.3%US$2.99b
YM9A 0.1xIndustry Avg. 0.7xNo. of Companies33PS00.81.62.43.24+
34 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.7x29.3%
YM9A Maanshan Iron & Steel
 0.1x109.5%US$2.99b
No more companies

Price-To-Sales vs Industry: YM9A 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 YM9A'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.

YM9A PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: YM9A is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 YM9A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.18
€0.16
-12.3%
17.4%€0.22€0.14n/a7
Jan ’26€0.17
€0.15
-12.4%
27.2%€0.22€0.073n/a7
Dec ’25€0.13
€0.15
+14.3%
28.9%€0.22€0.074n/a6
Nov ’25€0.13
€0.17
+26.7%
41.7%€0.29€0.071n/a6
Oct ’25€0.14
€0.17
+23.2%
40.6%€0.28€0.07n/a6
Sep ’25€0.11
€0.18
+66.9%
29.3%€0.29€0.13n/a7
Aug ’25€0.11
€0.19
+62.5%
28.4%€0.28€0.13n/a6
Jul ’25€0.12
€0.19
+49.7%
30.5%€0.31€0.13n/a7
Jun ’25€0.14
€0.19
+38.8%
27.9%€0.30€0.13n/a7
May ’25€0.13
€0.19
+47.6%
26.4%€0.31€0.13n/a8
Apr ’25€0.12
€0.18
+48.9%
25.1%€0.31€0.13n/a10
Mar ’25€0.13
€0.19
+40.8%
25.3%€0.31€0.13n/a10
Feb ’25€0.13
€0.19
+47.4%
25.7%€0.31€0.13n/a10
Jan ’25€0.13
€0.19
+45.4%
24.4%€0.31€0.13€0.1710
Dec ’24€0.14
€0.20
+45.4%
28.7%€0.35€0.13€0.1310
Nov ’24€0.15
€0.20
+33.7%
28.7%€0.35€0.13€0.1310
Oct ’24€0.15
€0.21
+37.1%
28.8%€0.35€0.13€0.149
Sep ’24€0.15
€0.21
+38.3%
26.9%€0.35€0.14€0.1110
Aug ’24€0.18
€0.23
+27.2%
22.7%€0.32€0.14€0.1110
Jul ’24€0.15
€0.23
+52.2%
21.4%€0.33€0.13€0.1211
Jun ’24€0.15
€0.25
+59.0%
20.9%€0.33€0.14€0.1412
May ’24€0.18
€0.25
+33.5%
20.9%€0.33€0.14€0.1312
Apr ’24€0.20
€0.25
+25.8%
20.6%€0.34€0.16€0.1212
Mar ’24€0.22
€0.27
+25.5%
21.8%€0.36€0.17€0.1312
Feb ’24€0.22
€0.28
+24.1%
23.7%€0.38€0.17€0.1312
Jan ’24€0.20
€0.26
+31.8%
27.1%€0.38€0.17€0.1312
Analyst Price Target
Consensus Narrative from 7 Analysts
€0.15
Fair Value
19.7% 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 Analysis2025/01/10 00:23
End of Day Share Price 2025/01/10 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

Maanshan Iron & Steel Company Limited is covered by 58 analysts. 7 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.