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Inner Mongolia Dazhong Mining Co Ltd (001203) Fair Value & Analysis

Basic Materials · CN · Market cap 42.5B CNY (≈ $6.3B) · ISIN CNE100004JY8

What is Inner Mongolia Dazhong Mining Co Ltd really worth?

IM Inner Mongolia Dazhong Mining Co Ltd 001203 · SHE
Price¥26.30
Fair Value¥6.60
Upside−74.9%
Quality45/100

Below-average quality, and trading another 298% above our fair value of ¥6.60.

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Strengths

Solidly profitable · 16.8% net margin

Risks

!Mixed Growth (revenue 5y +10.4 %/yr)
!Low debt · negative free cash flow
!Trails peers (4/13)
!Moderate moat 63/100
!Weak on dividend: 15 out of 100

For context

·0.76% dividend yield
Evidence: High Range ¥4.53 – ¥8.58

Fair value as of: Sep 3, 2026

From 16 valuation models · updated yesterday

Fair value updated Sep 3, 2026, revised from ¥7.24 to ¥6.60 (−8.8%) since Aug 13, 2026. Share price −4.4% 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 (¥8.58). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥4.53 to ¥8.58) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥52.95 ¥6.97 Fair Value ¥6.60 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range ¥6.97 – ¥52.95 · fair‑value band ¥4.53 – ¥8.58 · the ¥26.30 price screens above the ¥6.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

Inner Mongolia Dazhong Mining Co Ltd (001203) currently trades at ¥26.30, while our model-based Fair Value estimate is ¥6.60, implying the stock looks roughly 298.4% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of ¥8.16 per share, and 0 of the 16 models we run sit above the ¥26.30 price. Bear case: the Asset-Based group reads lowest at ¥3.20, and 16 of the 16 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Inner Mongolia Dazhong Mining Co Ltd generated revenue of 4.0B CNY at a net margin of 16.8%. Revenue declined 12.1% year over year. It earns a return on equity of 9.4%. Net debt stands at 5.5B CNY. Fundamentals as of Sep 3, 2026

Our scenario range runs from ¥4.53 (bear case) to ¥8.58 (bull case); at ¥26.30, 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 52% below its 52-week high and 189% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −75%, 001203 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 ¥0.1692 per share, which is 2.6 % 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 ¥4.23 ¥4.69 ¥6.87 76
EPV ¥4.34 ¥5.35 ¥6.24 74
ROIC Compounder ¥4.34 ¥5.82 ¥8.18 71
All 16 models by family
Earnings-Based
Graham-Dodd ¥3.26 ¥11.61 ¥15.64 64
Lynch FV ¥2.73 ¥3.90 ¥5.07 61
PEG = 1.0 ¥2.73 ¥3.90 ¥5.07 57
EPV ¥4.34 ¥5.35 ¥6.24 74
Dividend Discount
Gordon GGM ¥2.76 ¥5.75 ¥9.12 66
DDM Multi-Stage ¥2.76 ¥4.85 ¥6.03 66
Multiples
P/E Multiple ¥6.12 ¥8.16 ¥10.20 63
P/S Multiple ¥3.00 ¥4.00 ¥5.00 58
P/B Multiple ¥6.12 ¥8.16 ¥10.20 55
EV/EBIT ¥6.08 ¥8.68 ¥11.28 65
EV/EBITDA ¥6.41 ¥9.13 ¥11.84 67
EV/Revenue ¥1.08 ¥2.28 ¥3.48 51
Asset-Based
NCAV (Graham) ¥2.39 ¥3.20 ¥4.77 54
Economic Profit
Residual Income best evidence ¥4.23 ¥4.69 ¥6.87 76
ROIC Compounder ¥4.34 ¥5.82 ¥8.18 71
Growth Earnings
Growth-Adj P/E ¥4.62 ¥6.60 ¥8.58 67

Widest divergence: Multiples (¥8.16) versus Asset-Based (¥3.20). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 58.4
P/S ratio 10.5 P/E × margin
EPS (TTM) ¥0.4500 price ÷ EPS = P/E 58.4
Dividend yield 0.8% payout 44.4%
Net margin 18.0% FY2025
Return on equity 9.4% TTM
More key figures
Profitability
Return on assets (EBIT) 11.2% avg 5y
Operating margin 30.7% TTM
Growth
Revenue (TTM) 4.0B CNY TTM
Revenue growth (YoY) −12.1% 3y avg −0.5%
EPS growth (YoY) −33.3%
Balance sheet & cash flow
Free cash flow −786M CNY FY2025
Net debt 5.5B CNY FY2025

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 46

Profitability 37
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 60
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

Dazhong Mining Co., Ltd. engages in the mining and beneficiation of iron ore. It offers iron ore concentrate and pellets, as well as manufactured sand and gravel. The company was formerly known as Inner Mongolia Dazhong Mining Co., Ltd. and changed its name to Dazhong Mining Co., Ltd. in August 2024.

Full company description

Dazhong Mining Co., Ltd. engages in the mining and beneficiation of iron ore. It offers iron ore concentrate and pellets, as well as manufactured sand and gravel. The company was formerly known as Inner Mongolia Dazhong Mining Co., Ltd. and changed its name to Dazhong Mining Co., Ltd. in August 2024. The company was founded in 1999 and is headquartered in Baotou City, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inner Mongolia Dazhong Mining Co Ltd reported revenue of 4.1B CNY in FY2025 versus 4.9B CNY in FY2021, a compound −4.4%/yr. Reported net income was 736M CNY in FY2025, compounding −18.0%/yr from FY2021.

Growth Quality 41/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.1B CNY
Latest YoY
+6.4%
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.
−0.5%
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.
+10.4%
Avg. revenue growth/yr (16Y) 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.
+12.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+1.7% (0.9 + 0.8)
Revenue −4.4%/yr
FY21 4.9B CNY
FY22 4.2B CNY
FY23 4.0B CNY
FY24 3.8B CNY
FY25 4.1B CNY
Net income −18.0%/yr
FY21 1.6B CNY
FY22 1.1B CNY
FY23 1.1B CNY
FY24 751M CNY
FY25 736M CNY

001203 screens 298% overvalued. Compare with Nucor Corporation →

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Cite: Fair Value Calculator (2026). "Inner Mongolia Dazhong Mining Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/001203

Peer Group

Steel · 398 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 45 · Below median
Fair Value upside −75% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth −12% · Bottom 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.43× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 58.4× · Pricier than 75% of peers
P/B 5.81× · Pricier than 75% of peers
P/S (TTM) 10.68× · Pricier than 75% of peers
EV/EBITDA 29.1× · Pricier than 75% of peers

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 12
FUTURE0 · sector 2
PAST38 · sector 16
HEALTH79 · sector 95
DIVIDEND15 · sector 49

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 Steel stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $250.50 $116.05 −54%
ArcelorMittal S.A MT €64.60 €46.04 −29%
JSW Steel Limited JSWSTEEL ₹1,296 ₹1,119 −14%
Steel Dynamics, Inc STLD $234.67 $127.14 −46%
500228 500228 ₹1,292 ₹1,079 −16%
Tata Steel Limited TATASTEEL ₹186.80 ₹145.39 −22%
Reliance, Inc RS $387.59 $217.81 −44%
Baoshan Iron & Steel Co 600019 ¥5.91 ¥8.07 +37%
POSCO Holdings PKX $63.13 $85.21 +35%
Jindal Steel & Power Limited JINDALSTEL ₹1,114 ₹429.44 −61%

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Frequently asked questions

Is Inner Mongolia Dazhong Mining Co Ltd (001203) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of ¥6.60 versus a price of ¥26.30, about −75% upside (overvalued).
What is the fair value of 001203?
Our model-based fair value for Inner Mongolia Dazhong Mining Co Ltd is ¥6.60 (as of Sep 3, 2026), built from audited fundamentals. The current price: ¥26.30.
What is the quality score of 001203?
Inner Mongolia Dazhong Mining Co Ltd has a Quality Score of 45/100. 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 Inner Mongolia Dazhong Mining Co Ltd (001203)?
Inner Mongolia Dazhong Mining Co Ltd reported trailing-twelve-month revenue of about 4.0B CNY (latest available figure, as of Sep 3, 2026).
What is the net profit margin of 001203?
The net profit margin of Inner Mongolia Dazhong Mining Co Ltd is about 16.8%, meaning it keeps roughly 16.8% of revenue as net income. Based on the latest reported figures.
Does Inner Mongolia Dazhong Mining Co Ltd pay a dividend?
Inner Mongolia Dazhong Mining Co Ltd currently shows a dividend yield of about 0.76% relative to its recent price (as of Sep 3, 2026).
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