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Yunnan Copper Co Ltd (000878) Fair Value & Analysis

Basic Materials · CN · Market cap 43.8B CNY (≈ $6.5B) · ISIN CNE000000W13

What is Yunnan Copper Co Ltd really worth?

YC Yunnan Copper Co Ltd 000878 · SHE
Price¥17.35
Fair Value¥7.46
Upside−57.0%
Quality42/100

Below-average quality, and trading another 133% above our fair value of ¥7.46.

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Risks

!Expensive Growth (revenue 5y +15.3 %/yr)
!Thin margins · 0.7% net margin
!Moderate debt · negative free cash flow
!Trails peers (4/13)
!Narrow moat 26/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 27 out of 100

For context

·1.33% dividend yield
Evidence: Medium Range ¥6.84 – ¥10.00

Fair value as of: Aug 27, 2026

From 17 valuation models · updated 9 days ago

Share price +7.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥10.00). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

¥29.08 ¥8.92 Fair Value ¥7.46 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range ¥8.92 – ¥29.08 · fair‑value band ¥6.84 – ¥10.00 · the ¥17.35 price screens above the ¥7.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Yunnan Copper Co Ltd (000878) currently trades at ¥17.35, while our model-based Fair Value estimate is ¥7.46, implying the stock looks roughly 132.6% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ¥10.53 per share, and 1 of the 17 models we run sit above the ¥17.35 price. Bear case: the Dividend Discount group reads lowest at ¥3.19, and 16 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Yunnan Copper Co Ltd generated revenue of 197B CNY at a net margin of 0.7%. Revenue grew 49.6% year over year. It earns a return on equity of 9.0%. Net debt stands at 24.7B CNY. Fundamentals as of Aug 27, 2026

Our scenario range runs from ¥6.84 (bear case) to ¥10.00 (bull case); at ¥17.35, 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 40% below its 52-week high and 51% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −57%, 000878 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 ¥0.2436 per share, which is 3.3 % 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.

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
Residual Income best evidence ¥5.35 ¥5.79 ¥7.16 76
EPV ¥2.44 ¥3.71 ¥4.82 72
ROIC Compounder ¥2.44 ¥3.71 ¥4.82 71
All 17 models by family
DCF Models
Owner Earnings ¥0.2100 ¥5.44 ¥15.24 65
Earnings-Based
Graham-Dodd ¥3.65 ¥20.17 ¥27.99 63
Lynch FV ¥5.62 ¥8.03 ¥10.44 61
PEG = 1.0 ¥5.62 ¥8.03 ¥10.44 57
EPV ¥2.44 ¥3.71 ¥4.82 72
Dividend Discount
Gordon GGM ¥1.82 ¥3.79 ¥6.01 66
DDM Multi-Stage ¥1.82 ¥3.19 ¥3.97 66
Multiples
P/E Multiple ¥6.84 ¥9.12 ¥11.40 63
P/S Multiple ¥6.84 ¥9.12 ¥11.40 58
P/B Multiple ¥6.84 ¥9.12 ¥11.40 55
EV/EBIT ¥4.58 ¥7.83 ¥11.08 64
EV/EBITDA ¥6.95 ¥10.98 ¥15.02 66
EV/Revenue ¥3.28 ¥6.90 ¥10.52 51
Asset-Based
NCAV (Graham) ¥3.17 ¥4.24 ¥6.33 54
Economic Profit
Residual Income best evidence ¥5.35 ¥5.79 ¥7.16 76
ROIC Compounder ¥2.44 ¥3.71 ¥4.82 71
Growth Earnings
Growth-Adj P/E ¥7.37 ¥10.53 ¥13.68 67

Widest divergence: Growth Earnings (¥10.53) versus Dividend Discount (¥3.19). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 29.4
P/S ratio 0.21 P/E × margin
EPS (TTM) ¥0.5900 price ÷ EPS = P/E 29.4
Dividend yield 1.3% payout 39.0%
Net margin 0.7% FY2025
Return on equity 9.0% TTM
More key figures
Profitability
Return on assets (EBIT) 5.8% avg 5y
Operating margin 3.3% TTM
Growth
Revenue (TTM) 197B CNY TTM
Revenue growth (YoY) +49.6% 3y avg +10.0%
EPS growth (YoY) +3.8%
Balance sheet & cash flow
Free cash flow −5.7B CNY FY2025
Net debt 24.7B CNY FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 40

Profitability 40
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 82
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.

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

Yunnan Copper Co.,Ltd engages in the copper exploration, mining, and smelting activities in China. It is also involved in extraction and processing of sulfur chemical, rare and precious metals. The company explores for gold, silver, lead, zinc, and other related mineral resources.

Full company description

Yunnan Copper Co.,Ltd engages in the copper exploration, mining, and smelting activities in China. It is also involved in extraction and processing of sulfur chemical, rare and precious metals. The company explores for gold, silver, lead, zinc, and other related mineral resources. It offers cathode copper, gold, silver, industrial sulfuric acid, and rare and dispersed metals such as molybdenum, platinum, palladium, selenium, and tellurium under the Tiefeng brand. In addition, it engages mining copper and other associated and related precious metal; import and export of goods and technologies, mineral products, and metal products. Further, the company is involved in selling of coal, coke, rubber products, chemical raw materials and products, plastic products and fuel oil; house rental, machinery, and equipment rental. Yunnan Copper Co.,Ltd was founded in 1958 and is headquartered in Kunming, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yunnan Copper Co Ltd reported revenue of 180B CNY in FY2025 versus 127B CNY in FY2021, a compound +9.0%/yr. Reported net income was 1.3B CNY in FY2025, compounding +19.0%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
180B CNY
Latest YoY
+0.9%
Avg. revenue 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.
+10.0%
Avg. revenue 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.
+15.3%
Avg. revenue growth/yr (30Y) 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.
+16.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+12.5% (11.2 + 1.3)
Revenue +9.0%/yr
FY21 127B CNY
FY22 135B CNY
FY23 147B CNY
FY24 178B CNY
FY25 180B CNY
Net income +19.0%/yr
FY21 649M CNY
FY22 1.8B CNY
FY23 1.6B CNY
FY24 1.3B CNY
FY25 1.3B CNY
Character of growth · EPS growth decomposed (2014-2025) +24.2 % p.a.
Revenue per share +7.7 %

of which total revenue +12.0 % · buybacks/dilution −3.8 %

EBIT margin +23.2 %
Tax rate +1.5 %
Residual (interest, one-offs) −7.7 %

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).

000878 screens 133% overvalued. Compare with Southern Copper Corporation →

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Cite: Fair Value Calculator (2026). "Yunnan Copper Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000878

Peer Group

Copper · 59 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 42 · Below median
Fair Value upside −57% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 3% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 50% · Above median
Dividend yield (TTM) 1.3% · Above median
Debt / equity 1.09× · Higher than 75% of peers

Valuation Multiples vs Copper median · lower = cheaper

P/E (TTM) 29.4× · Pricier than median
P/B 2.85× · Pricier than median
P/S (TTM) 0.22× · Cheaper than 75% of peers
EV/EBITDA 12.1× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 100
PAST36 · sector 34
HEALTH46 · sector 92
DIVIDEND27 · sector 21

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.

None of the checked exposures detected

Similar stocks

10 more Copper stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Southern Copper Corporation SCCO $216.28 $85.17 −61%
Freeport-McMoRan Inc FCX $75.74 $22.81 −70%
First Quantum Minerals Ltd FM C$43.46 C$16.35 −62%
Lundin Mining Corporation LUN C$35.76 C$22.65 −37%
Jiangxi Copper Company 600362 ¥45.86 ¥35.19 −23%
Tongling Nonferrous Metals Group 000630 ¥6.37 ¥3.06 −52%
MMG Limited 1208 HK$9.08 HK$5.29 −42%
Hudbay Minerals Inc HBM C$38.79 C$21.25 −45%
Zhejiang Hailiang Co 002203 ¥19.78 ¥6.39 −68%
Capstone Copper Corp CS C$14.82 C$9.91 −33%

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Frequently asked questions

Is Yunnan Copper Co Ltd (000878) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of ¥7.46 versus a price of ¥17.35, about −57% upside (overvalued).
What is the fair value of 000878?
Our model-based fair value for Yunnan Copper Co Ltd is ¥7.46 (as of Aug 27, 2026), built from audited fundamentals. The current price: ¥17.35.
What is the quality score of 000878?
Yunnan Copper Co Ltd has a Quality Score of 42/100. 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 Yunnan Copper Co Ltd (000878)?
Yunnan Copper Co Ltd reported trailing-twelve-month revenue of about 197B CNY (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 000878?
The net profit margin of Yunnan Copper Co Ltd is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.
Does Yunnan Copper Co Ltd pay a dividend?
Yunnan Copper Co Ltd currently shows a dividend yield of about 1.33% relative to its recent price (as of Aug 27, 2026).
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