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JiaoZuo WanFang Aluminum Manufacturing Co (000612) Fair Value & Analysis

Basic Materials · CN · Market cap 13.8B CNY

JW JiaoZuo WanFang Aluminum Manufacturing Co 000612 · SHE
Price¥11.13
Fair Value¥14.09
Upside+26.6%
Quality76/100
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Healthy Growth
Highly profitable · 21.0% net margin
Low debt · generates free cash flow
2.84% dividend yield
Ranks above peers (11/15)
Wide moat 71/100
Evidence: High Range ¥10.09 – ¥18.72 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ¥15.27 to ¥14.09 (−7.7%) since Jul 21, 2026. Share price +11.2% over the past month.

A strong business, screening 27% undervalued on our models.

What matters now

  • The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (¥10.09 to ¥18.72) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥14.74 ¥3.85 Fair Value ¥14.09 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥3.85 – ¥14.74 · fair‑value band ¥10.09 – ¥18.72 · the ¥11.13 price screens below the ¥14.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

JiaoZuo WanFang Aluminum Manufacturing Co (000612) currently trades at ¥11.13, while our model-based Fair Value estimate is ¥14.09, implying the stock looks roughly 26.6% undervalued today. The Quality Score stands at 76/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, JiaoZuo WanFang Aluminum Manufacturing Co generated revenue of 6.8B CNY at a net margin of 21.0%. Revenue grew 18.5% year over year. It earns a return on equity of 20.1%. The balance sheet holds a net cash position of 1.7B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥10.09 (bear case) to ¥18.72 (bull case); at ¥11.13, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 57% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 27%, 000612 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ¥10.47 ¥14.24 ¥19.47 80
Residual Income ¥6.02 ¥8.03 ¥23.66 76
Rev-Margin DCF ¥8.19 ¥11.38 ¥14.91 74
All 25 models by family
DCF Models
FCF DCF ¥10.25 ¥14.37 ¥20.38 38
Owner Earnings ¥12.57 ¥17.80 ¥25.43 31
5Y Revenue Exit ¥8.19 ¥11.28 ¥15.08 39
5Y EBITDA Exit ¥10.41 ¥15.31 ¥20.82 41
5Y P/E Exit ¥11.19 ¥16.71 ¥22.30 38
10Y Revenue Exit ¥8.71 ¥11.64 ¥15.29 36
10Y EBITDA Exit ¥10.27 ¥14.39 ¥19.54 37
10Y P/E Exit ¥10.76 ¥15.35 ¥20.63 35
Earnings-Based
Graham-Dodd ¥6.11 ¥15.81 ¥20.61 54
PEG = 1.0 ¥2.99 ¥4.27 ¥5.55 46
EPV ¥10.39 ¥11.85 ¥13.13 59
Dividend Discount
Gordon GGM ¥1.31 ¥2.60 ¥4.33 70
DDM Multi-Stage ¥1.31 ¥2.01 ¥2.76 61
Multiples
P/E Multiple ¥11.46 ¥15.27 ¥19.09 63
P/S Multiple ¥6.13 ¥8.17 ¥10.21 58
P/B Multiple ¥11.46 ¥15.27 ¥19.09 55
EV/EBIT ¥14.08 ¥18.23 ¥22.37 53
EV/EBITDA ¥11.72 ¥15.07 ¥18.43 54
EV/Revenue ¥7.36 ¥9.81 ¥12.26 43
Asset-Based
NCAV (Graham) ¥3.02 ¥4.04 ¥6.03 50
Growth DCF
Growth DCF ¥10.47 ¥14.24 ¥19.47 80
Rev-Margin DCF ¥8.19 ¥11.38 ¥14.91 74
Economic Profit
Residual Income ¥6.02 ¥8.03 ¥23.66 76
ROIC Compounder ¥10.85 ¥13.04 ¥15.47 72
Growth Earnings
Growth-Adj P/E ¥9.09 ¥12.99 ¥16.88 68

Widest divergence: Multiples (¥15.07) versus Dividend Discount (¥2.01). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.8B CNY
Revenue growth (YoY) +18.5%
Net margin 21.0%
Return on equity 20.1%
Free cash flow 944M CNY FY2025
P/E ratio 9.4
More key figures
Operating margin 33.0%
EPS (TTM) ¥1.19
Dividend yield 2.8%
EPS growth (YoY) +217%
Net cash 1.7B CNY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 76/100

Of which business quality 73 · Market factors (momentum, volatility) 48

Profitability 57
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

JiaoZuo WanFang Aluminum Manufacturing Co., Ltd engages in the smelting and processing of aluminum products in China. The company offers electrolytic aluminum liquid, aluminum ingots, molten aluminum, aluminum alloy products, and electricity.

Full company description

JiaoZuo WanFang Aluminum Manufacturing Co., Ltd engages in the smelting and processing of aluminum products in China. The company offers electrolytic aluminum liquid, aluminum ingots, molten aluminum, aluminum alloy products, and electricity. It is also involved in the sale of aluminum products and metal materials; hedging business; thermal power generation; commodity trading; waste disposal; heating; and water and gas supply activities. The company's products are used in the housing construction, transportation, packaging, power electronics, new energy vehicles, photovoltaic power generation, and consumer electronic industries. JiaoZuo WanFang Aluminum Manufacturing Co., Ltd was founded in 1966 and is headquartered in Jiaozuo, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JiaoZuo WanFang Aluminum Manufacturing Co reported revenue of ¥6.5B in FY2025 versus ¥4.9B in FY2021, a compound +7.2%/yr. Reported net income was ¥1.1B in FY2025, compounding +28.2%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.5B CNY
Latest YoY
+0.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.5%
Avg. growth/yr (32Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.6%
Revenue +7.2%/yr
FY21 ¥4.9B
FY22 ¥6.7B
FY23 ¥6.2B
FY24 ¥6.5B
FY25 ¥6.5B
Net income +28.2%/yr
FY21 ¥397M
FY22 ¥303M
FY23 ¥593M
FY24 ¥589M
FY25 ¥1.1B
Character of growth · EPS growth decomposed (2014-2025) +14.0 % p.a.
Revenue per share +3.6 pp

of which total revenue +3.7 pp · buybacks/dilution −0.2 pp

EBIT margin +8.9 pp
Tax rate −0.5 pp
Residual (interest, one-offs) +2.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "JiaoZuo WanFang Aluminum Manufacturing Co Fair Value". https://www.fairvalue-calculator.com/stock/000612

Peer Group

Aluminum · 82 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 76 · Top 25%
Fair Value upside +27% · Top 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth 19% · Top 25%
Dividend yield (TTM) 2.8% · Above median
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Aluminum median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 1.92× · Pricier than median
P/S (TTM) 2.04× · Pricier than 75% of peers
P/FCF 2.2× · Cheaper than median
EV/EBITDA 6.3× · Pricier than median
PEG 3.59× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 69 · sector 17
FUTURE 93 · sector 25
PAST 81 · sector 32
HEALTH 99 · sector 92
DIVIDEND 57 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aluminum stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shandong Hongqiao Aluminum Industry Holding 002379 ¥21.34 ¥23.44 +10%
China Hongqiao Group 1378 HK$24.44 HK$45.58 +86%
Hindalco Industries Limited HINDALCO ₹1,046 ₹1,026 -2%
Aluminum Corporation 601600 ¥9.94 ¥16.30 +64%
Norsk Hydro ASA NHY kr 90.02 kr 58.10 -35%
Press Metal Aluminium Holdings 8869 7.99 MYR 3.88 MYR -51%
Alcoa Corporation AAI A$73.19 A$49.53 -32%
Yunnan Aluminium Co 000807 ¥27.44 ¥29.68 +8%
Henan Shenhuo Coal Industry and Electricity Power Co 000933 ¥27.24 ¥30.28 +11%
Tianshan Aluminum Group 002532 ¥14.27 ¥21.86 +53%

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Frequently asked questions

Is JiaoZuo WanFang Aluminum Manufacturing Co (000612) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥14.09 versus a price of ¥11.13, about +27% (undervalued).
What is the fair value of 000612?
Our model-based fair value for JiaoZuo WanFang Aluminum Manufacturing Co is ¥14.09 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥11.13.
What is the quality score of 000612?
JiaoZuo WanFang Aluminum Manufacturing Co has a Quality Score of 76/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of JiaoZuo WanFang Aluminum Manufacturing Co (000612)?
JiaoZuo WanFang Aluminum Manufacturing Co reported trailing-twelve-month revenue of about 6.8B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 000612?
The net profit margin of JiaoZuo WanFang Aluminum Manufacturing Co is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.
Does JiaoZuo WanFang Aluminum Manufacturing Co pay a dividend?
JiaoZuo WanFang Aluminum Manufacturing Co currently shows a dividend yield of about 2.84% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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