Baoshan Iron & Steel Co Ltd (600019) Fair Value & Analysis
Basic Materials · CN · Market cap 125B CNY (≈ $18.7B) · ISIN CNE0000015R4
What is Baoshan Iron & Steel Co Ltd really worth?
A solid business, trading 27% below our fair value of ¥8.07.
Strengths
Risks
For context
Fair value as of: Aug 20, 2026
From 25 valuation models · updated 16 days ago
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (¥6.06). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.
How to read this chart
60‑month range ¥4.73 – ¥10.32 · fair‑value band ¥6.06 – ¥10.09 · the ¥5.86 price screens below the ¥8.07 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 20, 2026.
Analysis
Baoshan Iron & Steel Co Ltd (600019) currently trades at ¥5.86, while our model-based Fair Value estimate is ¥8.07, implying the stock looks roughly 27.4% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector. Bull case: the Growth DCF group reads highest at a median of ¥9.62 per share, and 22 of the 25 models we run sit above the ¥5.86 price. Bear case: the Dividend Discount group reads lowest at ¥3.36, and 3 of the 25 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Baoshan Iron & Steel Co Ltd generated revenue of 322B CNY at a net margin of 3.2%. Revenue grew 5.7% year over year. It earns a return on equity of 5.0%. Net debt stands at 33.4B CNY. Fundamentals as of Aug 20, 2026
Our scenario range runs from ¥6.06 (bear case) to ¥10.09 (bull case); at ¥5.86, the current price sits below 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 25% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −29% fair-value upside, at 38%, 600019 screens cheaper 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 ¥0.1155 per share, which is 1.4 % 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: Growth DCF (¥9.62) versus Dividend Discount (¥3.36). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · 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
Baoshan Iron & Steel Co., Ltd., together with its subsidiaries, manufactures and sells steel products in China and internationally. It operates through three segments: Steel Manufacturing, Processing and Distribution, and Others.
Full company description
Baoshan Iron & Steel Co., Ltd., together with its subsidiaries, manufactures and sells steel products in China and internationally. It operates through three segments: Steel Manufacturing, Processing and Distribution, and Others. The company offers hot rolled steel; Al-Zn coated and BaoAM; tin plate and TFS; heavy plate; pipe and tube; and bar and wire rod, as well as picked, cold rolled, galvanized, pre-painted, electrical, and rail steel sheets. It is also involved in asset management; technology services; steel trading; and manufacturing of laser-welded panels. The company's products are used in energy vehicles, construction, transportation, power transmission and distribution, and energy efficiency improvement, as well as water, nuclear, wind, and solar energy industries. It exports its products. The company was incorporated in 2000 and is based in Shanghai, China. Baoshan Iron & Steel Co., Ltd. operates as a subsidiary of China Baowu Steel Group Co.,Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Baoshan Iron & Steel Co Ltd reported revenue of 318B CNY in FY2025 versus 365B CNY in FY2021, a compound −3.4%/yr. Reported net income was 10.3B CNY in FY2025, compounding −18.7%/yr from FY2021.
of which total revenue +7.5 % · buybacks/dilution −3.1 %
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).
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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.
Valuation Multiples vs Steel 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 Steel stocks, each showing price versus our Fair Value estimate (as of Aug 20, 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% |
| POSCO Holdings PKX | $63.13 | $85.21 | +35% |
| Jindal Steel & Power Limited JINDALSTEL | ₹1,114 | ₹429.44 | −61% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,891 | ₹793.69 | −58% |
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