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China National Uranium Co Ltd (001280) Fair Value & Analysis

Energy · CN · Market cap 117B CNY (≈ $17.5B)

What is China National Uranium Co Ltd really worth?

CN China National Uranium Co Ltd 001280 · SHE
Price¥65.91
Fair Value¥14.20
Upside−78.5%
Quality41/100

Below-average quality, and trading another 364% above our fair value of ¥14.20.

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Risks

!Expensive Growth (revenue 3y +23.6 %/yr)
!Thin margins · 8.4% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (7/12)
!Moderate moat 53/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 2 out of 100
Evidence: Medium Range ¥10.65 – ¥17.75

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 22 days ago

Share price +0.7% 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 (¥17.75). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (9 months)

¥100.25 ¥56.64 Fair Value ¥14.20 Dec 2025 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

9‑month range ¥56.64 – ¥100.25 · fair‑value band ¥10.65 – ¥17.75 · the ¥65.91 price screens above the ¥14.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

China National Uranium Co Ltd (001280) currently trades at ¥65.91, while our model-based Fair Value estimate is ¥14.20, implying the stock looks roughly 364.0% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of ¥21.36 per share, and 0 of the 17 models we run sit above the ¥65.91 price. Bear case: the Asset-Based group reads lowest at ¥5.47, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, China National Uranium Co Ltd generated revenue of 17.3B CNY at a net margin of 8.4%. It earns a return on equity of 15.5%. The balance sheet holds a net cash position of 1.3B CNY. The stock trades on a trailing P/E of 72.4. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥10.65 (bear case) to ¥17.75 (bull case); at ¥65.91, 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 37% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at −65% fair-value upside, at −78%, 001280 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 ¥0.6183 per share, which is 4.4 % 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥1.04 to ¥36.89). Read the values as a conservative anchor, not as a price target.
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
EPV best evidence ¥13.66 ¥15.57 ¥17.25 74
Owner Earnings ¥3.87 ¥5.99 ¥10.40 71
Residual Income ¥7.10 ¥7.88 ¥13.21 71
All 17 models by family
DCF Models
Owner Earnings ¥3.87 ¥5.99 ¥10.40 71
Earnings-Based
Graham-Dodd ¥5.41 ¥36.89 ¥51.72 60
Lynch FV ¥10.84 ¥15.48 ¥20.13 58
PEG = 1.0 ¥10.84 ¥15.48 ¥20.13 55
EPV best evidence ¥13.66 ¥15.57 ¥17.25 74
Dividend Discount
Gordon GGM ¥0.6000 ¥1.24 ¥1.96 63
DDM Multi-Stage ¥0.6000 ¥1.04 ¥1.30 64
Multiples
P/E Multiple ¥12.53 ¥16.71 ¥20.88 63
P/S Multiple ¥10.14 ¥13.53 ¥16.91 58
P/B Multiple ¥10.14 ¥13.53 ¥16.91 55
EV/EBIT ¥20.32 ¥26.37 ¥32.42 66
EV/EBITDA ¥18.44 ¥23.87 ¥29.30 67
EV/Revenue ¥14.28 ¥19.47 ¥24.66 54
Asset-Based
NCAV (Graham) ¥4.09 ¥5.47 ¥8.17 54
Economic Profit
Residual Income ¥7.10 ¥7.88 ¥13.21 71
ROIC Compounder ¥16.45 ¥23.20 ¥31.77 68
Growth Earnings
Growth-Adj P/E ¥14.95 ¥21.36 ¥27.77 65

Widest divergence: Growth Earnings (¥21.36) versus Dividend Discount (¥1.04). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 72.4
P/S ratio 5.99 P/E × margin
EPS (TTM) ¥0.9100 price ÷ EPS = P/E 72.4
Dividend yield 0.1% payout 6.7%
Net margin 8.3% FY2025
Return on equity 15.5% TTM
More key figures
Profitability
Return on assets (EBIT) 9.0% avg 5y
Operating margin 13.7% TTM
Growth
Revenue (TTM) 17.3B CNY TTM
Balance sheet & cash flow
Free cash flow −4.5B CNY FY2025
Net cash 1.3B CNY FY2024

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 41 · Market factors (momentum, volatility) 23

Profitability 38
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 47
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

China National Uranium Co., Ltd. engages in the mining, smelting, sale, and trading of natural uranium resources in China and internationally. The company offers monazite, uranium-molybdenum, and tantalum-niobium products; and natural uranium, rare earth chloride, ammonium tetramolybdate, tantalum pentoxide, niobium pentoxide, and other related products.

Full company description

China National Uranium Co., Ltd. engages in the mining, smelting, sale, and trading of natural uranium resources in China and internationally. The company offers monazite, uranium-molybdenum, and tantalum-niobium products; and natural uranium, rare earth chloride, ammonium tetramolybdate, tantalum pentoxide, niobium pentoxide, and other related products. China National Uranium Co., Ltd. was founded in 1989 and is based in Beijing, China. China National Uranium Co., Ltd. operates as a subsidiary of China National Nuclear Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China National Uranium Co Ltd reported revenue of 19.9B CNY in FY2025 versus 8.9B CNY in FY2021, a compound +22.3%/yr. Reported net income was 1.6B CNY in FY2025, compounding +18.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
19.9B CNY
Latest YoY
+15.1%
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.
+23.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+15.8% (15.7 + 0.1)
Revenue +22.3%/yr
FY21 8.9B CNY
FY22 10.5B CNY
FY23 14.8B CNY
FY24 17.3B CNY
FY25 19.9B CNY
Net income +18.9%/yr
FY21 823M CNY
FY22 1.3B CNY
FY23 1.3B CNY
FY24 1.5B CNY
FY25 1.6B CNY

001280 screens 364% overvalued. Compare with NexGen Energy Ltd →

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Cite: Fair Value Calculator (2026). "China National Uranium Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/001280

Peer Group

Uranium · 26 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 41 · Above median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 0% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Uranium median · lower = cheaper

P/E (TTM) 72.4× · Pricier than 75% of peers
P/B 6.93× · Pricier than 75% of peers
P/S (TTM) 6.78× · Cheaper 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
FUTURE0 · sector 0
PAST62 · sector 0
HEALTH89 · sector 97
DIVIDEND2 · sector 11

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.

Oil & gas

Similar stocks

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

Stock Price Fair Value vs Fair Value
NexGen Energy Ltd NXE $9.93 $1.03 −90%
Sprott Physical Uranium Trust Fund UU $18.61 $29.76 +60%
Centrus Energy Corp LEU $170.46 $58.25 −66%
CGN Mining Company 1164 HK$2.87 HK$1.01 −65%
Deep Yellow Limited DYL A$1.75 A$0.3000 −83%
IsoEnergy Ltd ISO C$15.59 C$1.59 −90%
Bannerman Energy Ltd BMN A$3.63 A$3.63 +0%
Uranium Royalty Corp UROY $4.44 $1.62 −64%
Boss Energy Limited BOE A$1.53 A$0.3600 −76%
enCore Energy Corp EU C$1.93 C$0.7900 −59%

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Frequently asked questions

Is China National Uranium Co Ltd (001280) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥14.20 versus a price of ¥65.91, about −78% upside (overvalued).
What is the fair value of 001280?
Our model-based fair value for China National Uranium Co Ltd is ¥14.20 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥65.91.
What is the quality score of 001280?
China National Uranium Co Ltd has a Quality Score of 41/100. 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 China National Uranium Co Ltd (001280)?
China National Uranium Co Ltd reported trailing-twelve-month revenue of about 17.3B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 001280?
The net profit margin of China National Uranium Co Ltd is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.
Does China National Uranium Co Ltd pay a dividend?
China National Uranium Co Ltd currently shows a dividend yield of about 0.09% relative to its recent price (as of Aug 13, 2026).
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