Sinomine Resource Exploration Co Ltd (002738) Fair Value & Analysis
Basic Materials · CN · Market cap 45.7B CNY (≈ $6.8B) · ISIN CNE100001WV3
What is Sinomine Resource Exploration Co Ltd really worth?
Below-average quality, and trading another 278% above our fair value of ¥12.79.
Strengths
Risks
For context
Fair value as of: Aug 30, 2026
From 25 valuation models · updated 6 days ago
Share price −1.7% 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 (¥13.48). The favourable scenario is already priced in.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
- The models converge in a tight band (¥12.75 to ¥13.48), unusually little disagreement for a valuation.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range ¥10.23 – ¥95.77 · fair‑value band ¥12.75 – ¥13.48 · the ¥48.39 price screens above the ¥12.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
Sinomine Resource Exploration Co Ltd (002738) currently trades at ¥48.39, while our model-based Fair Value estimate is ¥12.79, implying the stock looks roughly 278.4% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ¥24.62 per share, and 0 of the 25 models we run sit above the ¥48.39 price. Bear case: the Dividend Discount group reads lowest at ¥10.13, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Sinomine Resource Exploration Co Ltd generated revenue of 6.4B CNY at a net margin of 13.0%. Revenue declined 10.4% year over year. It earns a return on equity of 6.8%. The balance sheet holds a net cash position of 2.2B CNY. Fundamentals as of Aug 30, 2026
Our scenario range runs from ¥12.75 (bear case) to ¥13.48 (bull case); at ¥48.39, 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 69% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at −74%, 002738 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 ¥0.4399 per share, which is 3.4 % 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.
All 25 models by family
Widest divergence: DCF Models (¥24.62) versus Dividend Discount (¥10.13). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 39
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
Sinomine Resource Group Co., Ltd. engages in the development and utilization of lithium-ion battery raw materials in China and internationally. The company offers cesium and rubidium chemicals; technical services for Pollucite; battery-grade lithium hydroxide, battery-grade lithium carbonate, and battery-grade lithium fluoride; and geo-technical services.
Full company description
Sinomine Resource Group Co., Ltd. engages in the development and utilization of lithium-ion battery raw materials in China and internationally. The company offers cesium and rubidium chemicals; technical services for Pollucite; battery-grade lithium hydroxide, battery-grade lithium carbonate, and battery-grade lithium fluoride; and geo-technical services. It is also involved in hard rock lithium ore development; lithium concentrates processing; production and sale of lithium compounds; mining property development; and trade of lithium, cesium, chromium, beryllium, tantalum, and other mineral products. The company was formerly known as Sinomine Resource Exploration Co., Ltd. and changed its name to Sinomine Resource Group Co., Ltd. in August 2018. Sinomine Resource Group Co., Ltd. was founded in 1999 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sinomine Resource Exploration Co Ltd reported revenue of 6.5B CNY in FY2025 versus 2.4B CNY in FY2021, a compound +28.3%/yr. Reported net income was 458M CNY in FY2025, compounding −5.0%/yr from FY2021.
of which total revenue +39.3 % · buybacks/dilution −7.3 %
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).
002738 screens 278% overvalued. Compare with BHP Group →
Peer Group
Other Industrial Metals & Mining · 469 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
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.
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.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHP | A$66.84 | A$42.16 | −37% |
| Vale S.A VALE | $15.31 | $8.95 | −42% |
| Saudi Arabian Mining Company 1211 | 65.50 SAR | 33.87 SAR | −48% |
| CMOC Group 603993 | ¥18.42 | ¥16.15 | −12% |
| Teck Resources Limited TECK | $69.34 | $32.02 | −54% |
| Hindustan Zinc Limited HINDZINC | ₹573.00 | ₹508.34 | −11% |
| China Tungsten And Hightech Materials Co 000657 | ¥66.76 | ¥9.55 | −86% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥41.02 | ¥10.59 | −74% |
| Western Mining Co 601168 | ¥37.85 | ¥25.99 | −31% |
| Boliden AB BOL | kr 527.80 | kr 461.48 | −13% |
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