Qinghai Salt Lake Industry Co.Ltd (000792) Fair Value & Analysis
Basic Materials · CN · Market cap 132B CNY (≈ $19.7B) · ISIN CNE000000SW2
What is Qinghai Salt Lake Industry Co.Ltd really worth?
A solid business, but trading 25% above our fair value of ¥21.26.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 22 days ago
Share price −3.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- A fairly wide model range (¥16.67 to ¥34.85) leaves room in how you read the outcome.
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 ¥8.86 – ¥43.76 · fair‑value band ¥16.67 – ¥34.85 · the ¥26.65 price screens above the ¥21.26 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
Qinghai Salt Lake Industry Co.Ltd (000792) currently trades at ¥26.65, while our model-based Fair Value estimate is ¥21.26, implying the stock looks roughly 25.4% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ¥28.75 per share, and 9 of the 24 models we run sit above the ¥26.65 price. Bear case: the Asset-Based group reads lowest at ¥5.69, and 15 of the 24 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Qinghai Salt Lake Industry Co.Ltd generated revenue of 18.6B CNY at a net margin of 55.4%. Revenue grew 94.9% year over year. It earns a return on equity of 24.7%. The balance sheet holds a net cash position of 15.3B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥16.67 (bear case) to ¥34.85 (bull case); at ¥26.65, 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 36% below its 52-week high and 65% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 9% fair-value upside, at −20%, 000792 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥1.32 per share, which is 6.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (¥28.75) versus Asset-Based (¥5.69). Highest evidence: FCF DCF (78).
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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 71 · Market factors (momentum, volatility) 44
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Qinghai Salt Lake Industry Co.,Ltd, together with its subsidiaries, manufactures and sells potash fertilizers in China and internationally. It operates through four segments: Potassium Products, Lithium Products, Trading, and Other.
Full company description
Qinghai Salt Lake Industry Co.,Ltd, together with its subsidiaries, manufactures and sells potash fertilizers in China and internationally. It operates through four segments: Potassium Products, Lithium Products, Trading, and Other. The company offers chemical raw materials and chemical products; potassium chloride and other potassium products; lithium carbonate; and fertilizers. It also operates hotels and department stores; and provides labor services. Qinghai Salt Lake Industry Co.,Ltd was founded in 1958 and is based in Golmud, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Qinghai Salt Lake Industry Co.Ltd reported revenue of 15.5B CNY in FY2025 versus 14.7B CNY in FY2021, a compound +1.3%/yr. Reported net income was 8.5B CNY in FY2025, compounding +17.3%/yr from FY2021.
of which total revenue +9.6 % · buybacks/dilution −1.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
000792 screens 25% overvalued. Compare with Corteva, Inc →
Peer Group
Agricultural Inputs · 175 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 Agricultural Inputs median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Corteva, Inc CTVA | $78.57 | $27.81 | −65% |
| Nutrien Ltd NTR | C$103.71 | C$113.16 | +9% |
| CF Industries Holdings CF | $125.79 | $161.00 | +28% |
| SABIC Agri-Nutrients Company 2020 | 122.90 SAR | 127.31 SAR | +4% |
| Yara International ASA YAR | kr 437.20 | kr 630.39 | +44% |
| Yunnan Yuntianhua Co 600096 | ¥31.58 | ¥42.12 | +33% |
| The Mosaic Company MOS | $23.60 | $28.68 | +22% |
| Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 | ¥45.86 | ¥38.01 | −17% |
| ICL Group ICL | $5.47 | $2.98 | −46% |
| Coromandel International Limited COROMANDEL | ₹2,039 | ₹817.06 | −60% |
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