Shandong Nanshan Aluminium Co Ltd (600219) Fair Value & Analysis
Basic Materials · CN · Market cap 54.2B CNY (≈ $8.1B) · ISIN CNE000001139
What is Shandong Nanshan Aluminium Co Ltd really worth?
A solid business, but trading 24% above our fair value of ¥3.97.
Strengths
Risks
For context
Fair value as of: Aug 15, 2026
From 26 valuation models · updated 21 days ago
Fair value updated Aug 15, 2026, revised from ¥7.01 to ¥3.97 (−43.4%) since Aug 7, 2026. Share price +2.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.
How to read this chart
60‑month range ¥2.75 – ¥8.16 · fair‑value band ¥2.98 – ¥4.96 · the ¥4.92 price screens above the ¥3.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 15, 2026.
Analysis
Shandong Nanshan Aluminium Co Ltd (600219) currently trades at ¥4.92, while our model-based Fair Value estimate is ¥3.97, implying the stock looks roughly 23.9% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ¥10.20 per share, and 23 of the 26 models we run sit above the ¥4.92 price. Bear case: the Asset-Based group reads lowest at ¥2.89, and 3 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Shandong Nanshan Aluminium Co Ltd generated revenue of 34.7B CNY at a net margin of 11.9%. Revenue grew 1.0% year over year. It earns a return on equity of 8.0%. The balance sheet holds a net cash position of 18.6B CNY. Fundamentals as of Aug 15, 2026
Our scenario range runs from ¥2.98 (bear case) to ¥4.96 (bull case); at ¥4.92, the current price sits within 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 42% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 15% fair-value upside, at −19%, 600219 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 ¥0.1245 per share, which is 3.1 % 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 26 models by family
Widest divergence: DCF Models (¥10.20) versus Asset-Based (¥2.89). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 40
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
Shandong Nanshan Aluminium Co.,Ltd. engages in the aluminum processing business worldwide. The company offers upstream products, such as power generation, alumina, aluminum alloy ingots, and aluminum foil, as well as downstream products, including aluminum sheets and strips, which consist of automotive sheets, aviation sheets, and can materials; and …
Full company description
Shandong Nanshan Aluminium Co.,Ltd. engages in the aluminum processing business worldwide. The company offers upstream products, such as power generation, alumina, aluminum alloy ingots, and aluminum foil, as well as downstream products, including aluminum sheets and strips, which consist of automotive sheets, aviation sheets, and can materials; and industrial and building aluminum profiles. It also engages in the production of various aluminum alloy hot-rolled coils and new alloy products; research and development of high-tech projects and technology transfer; sale of building materials; laboratory testing of materials and its products; processing and refining bauxite; medical business; research, development, production, and sale of aviation and aerospace components; and metal scrap and shavings processing. In addition, the company is involved in the recycling of industrial waste metals; sale of non-ferrous metal alloys; health consultation services, engineering management services, and human resource management services; non-ferrous metal milling; research, development, production, and sale of chlor-alkali chemical products; trade of chemical products; sale of photovoltaic power generation; and sale of metal materials and ores. Its products are used in aviation, automotive, rail transportation, shipbuilding, energy, petrochemical, container, industrial profiles, high-quality civil profiles, high-end system doors and windows, containers, food packaging, battery foil, and deep aluminum processing fields. The company was formerly known as Shandong Nanshan Industrial Co., Ltd. and changed its name to Shandong Nanshan Aluminium Co.,Ltd. in March 2006. Shandong Nanshan Aluminium Co.,Ltd. was incorporated in 1993 and is headquartered in Longkou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shandong Nanshan Aluminium Co Ltd reported revenue of 34.6B CNY in FY2025 versus 28.7B CNY in FY2021, a compound +4.7%/yr. Reported net income was 4.7B CNY in FY2025, compounding +8.5%/yr from FY2021.
of which total revenue +10.0 % · buybacks/dilution −2.4 %
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).
600219 screens 24% overvalued. Compare with China Hongqiao Group →
Peer Group
Aluminum · 83 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 Aluminum 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 Aluminum stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shandong Hongqiao Aluminum Industry Holding 002379 | ¥18.28 | ¥23.44 | +28% |
| China Hongqiao Group 1378 | HK$22.64 | HK$45.69 | +102% |
| Hindalco Industries Limited HINDALCO | ₹1,028 | ₹997.35 | −3% |
| Aluminum Corporation 601600 | ¥9.45 | ¥16.30 | +72% |
| Norsk Hydro ASA NHY | kr 92.30 | kr 58.10 | −37% |
| Press Metal Aluminium Holdings 8869 | 7.90 MYR | 3.88 MYR | −51% |
| Alcoa Corporation AAI | A$73.19 | A$49.53 | −32% |
| Yunnan Aluminium Co 000807 | ¥25.88 | ¥29.68 | +15% |
| Henan Shenhuo Coal Industry and Electricity Power Co 000933 | ¥27.36 | ¥30.28 | +11% |
| Tianshan Aluminum Group 002532 | ¥12.67 | ¥21.86 | +73% |
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