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STOCK COMPARISON

Shandong Hongchuang Aluminum Industry Holding Co vs Norsk Hydro ASA: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shandong Hongchuang Aluminum Industry Holding Co (002379) and Norsk Hydro ASA (NHY) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Shandong Hongchuang Aluminum Industry Holding Co as the more attractively valued of the two: Shandong Hongchuang Aluminum Industry Holding Co trades at ¥18.94 versus a fair value of ¥23.44 (+24%), while Norsk Hydro ASA trades at NOK 93.92 versus NOK 58.10 (-38%).
Shandong Hongchuang Aluminum Industry Holding Co
002379.SHE · CNY · Materials
+24%
upside to fair value
undervalued
Price¥18.94
Fair Value¥23.44
Quality66/100
Norsk Hydro ASA
NHY.OL · NOK · Materials
-38%
upside to fair value
overvalued
PriceNOK 93.92
Fair ValueNOK 58.10
Quality67/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shandong Hongchuang Aluminum Industry Holding CoNorsk Hydro ASA
Valuation
12.6×P/E (TTM)27.2×
1.54×P/S (TTM)0.83×
5.34×P/B1.67×
7.3×EV/EBITDA3.8×
PEG0.56×
+23.8%Fair value upside−38.1%
1.3%Dividend yield3.2%
¥0.25Dividend per shareNOK 3.00
Profitability
22%Operating margin21%
EBIT margin trend (5Y)9.86×
75%Return on equity6%
32%Return on assets11%
Growth
3%Revenue growth (YoY)-12%
253.8%Avg. growth/yr (3Y)0.0%
131.2%Avg. growth/yr (5Y)8.5%
Value creation/yr+3.2%
Balance & size
16.4×Interest coverage (EBIT/interest)119.0×
0.32×Debt / equity0.29×
$36BMarket cap$18B
healthyGrowth qualityhealthy

Even match: 6 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shandong Hongchuang Aluminum Industry Holding Coof which business quality 67 · market factors 43 Norsk Hydro ASAof which business quality 63 · market factors 64
ProfitabilityMargins and returns on capital today
78
46
Quality GrowthAre margins and returns improving?
100
50
CashflowEarnings quality: real cash, not paper profit
61
52
Fin. StrengthBalance sheet, leverage, solvency risk
77
63
InvestmentDisciplined investing over empire-building
31
91
Low VolatilityCalm price path (market factor)
55
75
MomentumPrice trend over the last 3–12 months (market factor)
36
52
52W MomentumDistance to the 52-week high (market factor)
41
73
Net IssuanceBuybacks instead of dilution
44
97

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyShandong Hongchuang Aluminum Industry Holding CoPrice ¥18.94Norsk Hydro ASAPrice NOK 93.92
DCF Models+126%above the price¥42.85-4%close to the priceNOK 90.00
Earnings-Based+153%above the price¥47.98-62%below the priceNOK 35.64
Dividend Discount-87%below the price¥2.39-59%below the priceNOK 38.97
Multiples+10%close to the price¥20.80-22%below the priceNOK 73.54
Asset-Based-88%below the price¥2.34-64%below the priceNOK 34.04
Growth DCF+122%above the price¥41.99-2%close to the priceNOK 92.11
Economic Profit+41%above the price¥26.66-48%below the priceNOK 49.13
Growth Earnings+212%above the price¥59.03-47%below the priceNOK 50.22
Minimum-88%below the price¥2.34-64%below the priceNOK 34.04
Maximum+212%above the price¥59.03-2%close to the priceNOK 92.11
Median+81%above the price¥34.33-47%below the priceNOK 49.68
Geometric mean-1%close to the price¥18.82-43%below the priceNOK 53.89

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Shandong Hongchuang Aluminum Industry Holding Co: 6 of 26 models see the stock below the current price.

Norsk Hydro ASA: 22 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shandong Hongchuang Aluminum Industry Holding Co
Bear ¥17.24Fair Value ¥23.44Bull ¥76.74
¥18.94 = current price (white tick)
Norsk Hydro ASA
Bear NOK 43.58Fair Value NOK 58.10Bull NOK 72.63
NOK 93.92 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shandong Hongchuang Aluminum Industry Holding Co · Materials

Quality score66 · Top 25%
Fair value upside+24% · Top 25%

Norsk Hydro ASA · Materials

Quality score67 · Top 25%
Fair value upside-38% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Shandong Hongchuang Aluminum Industry Holding Co as the more attractively valued of the two: Shandong Hongchuang Aluminum Industry Holding Co trades at ¥18.94 versus a fair value of ¥23.44 (+24%), while Norsk Hydro ASA trades at NOK 93.92 versus NOK 58.10 (-38%).

Norsk Hydro ASA has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.