China Tungsten And Hightech Materials Co (000657) Fair Value & Analysis
Basic Materials · CN · Market cap 170B CNY
Fair value as of: Aug 13, 2026
From 15 valuation models · updated yesterday
Share price −10.7% over the past month.
Below-average quality, and screening another 86% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥11.94). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
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 ¥5.52 – ¥108.07 · fair‑value band ¥7.17 – ¥11.94 · the ¥66.70 price screens above the ¥9.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
China Tungsten And Hightech Materials Co (000657) currently trades at ¥66.70, while our model-based Fair Value estimate is ¥9.55, implying the stock looks roughly 85.7% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, China Tungsten And Hightech Materials Co generated revenue of 21.3B CNY at a net margin of 9.2%. Revenue grew 106.5% year over year. It earns a return on equity of 19.3%. Net debt stands at 863M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥7.17 (bear case) to ¥11.94 (bull case); at ¥66.70, the current price sits above 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 11% below its 52-week high, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at -86%, 000657 screens richer 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.
All 15 models by family
Widest divergence: DCF Models (¥19.19) versus Asset-Based (¥2.86). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 63
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
China Tungsten And Hightech Materials Co.,Ltd researches, develops, produces, sells, and trades in nonferrous metals in China and internationally.
Full company description
China Tungsten And Hightech Materials Co.,Ltd researches, develops, produces, sells, and trades in nonferrous metals in China and internationally. The company's products include cutting tools and instruments, including solid cutting tools, CNC cutting tools, cutting CNC and traditional blades, and it tools; other cemented carbides, including bars, mining alloys, rolls, top hammers, special-shaped parts, precision parts, traditional alloys, drilling tools, and finished tools; refractory metals, such as tungsten-molybdenum products, tantalum-niobium products, hard facing materials, cast tungsten carbide, thermal spray products, and tungsten wire. It also offers concentrates and powder products, including tungsten, fluorite, molybdenum, and bismuth concentrate; tungsten carbide powder; blue and yellow tungsten; ammonium paratungstate; mixtures; and cobalt powder, as well as trade and equipment business. The company's products are used in traditional industrial fields, such as automobile manufacturing, rail transportation, shipbuilding, marine engineering equipment, military industry, mining, tunneling, mechanical processing, steel metallurgy, etc., and in high-end fields, such as aerospace, new energy, artificial intelligence, semiconductors, and electronic information. The company was formerly known as Hainan Jinhai Co., Ltd. and changed its name to China Tungsten And Hightech Materials Co.,Ltd in 2000. China Tungsten And Hightech Materials Co.,Ltd was founded in 1993 and is headquartered in Zhuzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Tungsten And Hightech Materials Co reported revenue of ¥17.6B in FY2025 versus ¥12.1B in FY2021, a compound +9.9%/yr. Reported net income was ¥1.3B in FY2025, compounding +24.8%/yr from FY2021.
000657 screens 86% overvalued. Compare with BHP Group →
Peer Group
Other Industrial Metals & Mining · 480 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.
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHPN | 1,425 MXN | 745.46 MXN | -48% |
| Rio Tinto Group RIO | A$179.43 | A$81.76 | -54% |
| Grupo México, S.A. GMEXICOB | 222.38 MXN | 172.99 MXN | -22% |
| Vale S.A VALE | $14.89 | $8.95 | -40% |
| Saudi Arabian Mining Company 1211 | 58.05 SAR | 33.87 SAR | -42% |
| CMOC Group 603993 | ¥19.00 | ¥19.80 | +4% |
| Hindustan Zinc Limited HINDZINC | ₹584.60 | ₹501.98 | -14% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥41.02 | ¥10.59 | -74% |
| Boliden AB BOL | kr 527.80 | kr 461.48 | -13% |
| Western Mining Co 601168 | ¥38.36 | ¥25.99 | -32% |
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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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