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Baotailong New Materials Co (601011) Fair Value & Analysis

Basic Materials · CN · Market cap 5.0B CNY

BN Baotailong New Materials Co 601011 · SHG
Price¥2.66
Fair Value¥2.64
Upside-0.8%
Quality41/100
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Weak Growth
Loss-making · -43.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 10/100
Evidence: Low Range ¥1.98 – ¥3.94 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ¥1.91 to ¥2.64 (+38.2%) since Aug 8, 2026. Share price +2.3% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥1.98 to ¥3.94) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

¥6.46 ¥1.45 Fair Value ¥2.64 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥1.45 – ¥6.46 · fair‑value band ¥1.98 – ¥3.94 · the ¥2.66 price screens above the ¥2.64 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Baotailong New Materials Co (601011) currently trades at ¥2.66, while our model-based Fair Value estimate is ¥2.64, implying the stock looks roughly 0.8% fairly valued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Baotailong New Materials Co generated revenue of 718M CNY at a net margin of -43.1%. Revenue grew 26.1% year over year. It earns a return on equity of -7.1%. Net debt stands at 1.6B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥1.98 (bear case) to ¥3.94 (bull case); at ¥2.66, 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 45% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -1%, 601011 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
EV/EBITDA ¥0.1200 ¥0.1800 ¥0.2300 54
NCAV (Graham) ¥1.43 ¥1.91 ¥2.85 50
All 2 models by family
Multiples
EV/EBITDA ¥0.1200 ¥0.1800 ¥0.2300 54
Asset-Based
NCAV (Graham) ¥1.43 ¥1.91 ¥2.85 50

Widest divergence: Asset-Based (¥1.91) versus Multiples (¥0.1800). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 718M CNY
Revenue growth (YoY) +26.1%
Net margin -43.1%
Return on equity -7.1%
Free cash flow −228M CNY FY2025
Operating margin -30.0%
More key figures
EPS (TTM) ¥-0.1600
EPS growth (YoY) -58.8%
Net debt 1.6B CNY FY2025

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) 32

Profitability 2
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 85
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.

About the company

Baotailong New Materials Co., Ltd., together with its subsidiaries, provides new materials, advanced carbon materials, coal chemical products, hydrogen fuel, and urban public services in China.

Full company description

Baotailong New Materials Co., Ltd., together with its subsidiaries, provides new materials, advanced carbon materials, coal chemical products, hydrogen fuel, and urban public services in China. It offers reduced graphene oxide powder, graphene powder as a coating additive, graphene oxide powder and slurry, conductive additive type graphene powder and slurry, graphene slurry additive for coatings, graphene heating film, graphene silicon crystal far-infrared electric heater, graphene intelligent heating and uterine protection, graphene far-infrared electric heating mural, and graphene smart heated vest, as well as graphene smart heating knee pad, neck protector, waist support, and scroll painting. The company also provides pre-calcined needle-shaped char, calcinated needle-shaped coke, and graphite paper; coke, ammonium sulfate, and washing foam; refined wash oil; and power generation and heating services. In addition, it is involved in clean energy and coal-based petrochemical production; graphite deep processing; graphene and its applications; needle coke and lithium battery raw material development; and graphite and coal mining and washing. The company was formerly known as Qitaihe Baotailong Coal & Coal Chemicals Public Co., Ltd. and changed its name to Baotailong New Materials Co., Ltd. in June 2016. Baotailong New Materials Co., Ltd. was founded in 2003 and is headquartered in Qitaihe, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Baotailong New Materials Co reported revenue of ¥685M in FY2025 versus ¥3.6B in FY2021, a compound −33.8%/yr. Reported net income was −¥321M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
685M CNY
Latest YoY
−46.9%
Avg. 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.
−43.4%
Avg. 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.
−23.8%
Avg. growth/yr (18Y) 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.
+0.1%
Revenue −33.8%/yr
FY21 ¥3.6B
FY22 ¥3.8B
FY23 ¥3.7B
FY24 ¥1.3B
FY25 ¥685M
Net income
FY21 ¥151M
FY22 ¥152M
FY23 −¥1.5B
FY24 −¥464M
FY25 −¥321M

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Cite: Fair Value Calculator (2026). "Baotailong New Materials Co Fair Value". https://www.fairvalue-calculator.com/stock/601011

Peer Group

Coking Coal · 28 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 −1% · Above median
Return on assets -1% · Above median
Net margin (TTM) -43% · Bottom 25%
Operating margin (TTM) -30% · Bottom 25%
Revenue growth 26% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Coking Coal median · lower = cheaper

P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 1.04× · Pricier than median
EV/EBITDA 20.1× · Pricier than 75% of peers

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 32 · sector 0
FUTURE 100 · sector 5
PAST 0 · sector 0
HEALTH 98 · sector 97
DIVIDEND 0 · sector 11

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Coal

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

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

Stock Price Fair Value vs Fair Value
PT Alamtri Minerals Indonesia Tbk, ADMR 1,615 IDR 1,251 IDR -23%
Warrior Met Coal, Inc HCC $96.72 $18.35 -81%
Shanxi Meijin Energy Co 000723 ¥3.62 ¥1.24 -66%
Alpha Metallurgical Resources, Inc AMR $159.52 $45.15 -72%
Shougang Fushan Resources Group 0639 HK$2.68 HK$2.34 -13%
Shanxi Coking Co 600740 ¥3.54 ¥1.75 -51%
Kailuan Energy Chemical Co 600997 ¥5.50 ¥1.72 -69%
SunCoke Energy, Inc SXC $9.26 $3.67 -60%
Ramaco Resources, Inc METC $10.91 $1.80 -84%
Shandong Jinling Mining Co 000655 ¥6.89 ¥6.29 -9%

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Frequently asked questions

Is Baotailong New Materials Co (601011) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥2.64 versus a price of ¥2.66, about −1% (fairly valued).
What is the fair value of 601011?
Our model-based fair value for Baotailong New Materials Co is ¥2.64 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥2.66.
What is the quality score of 601011?
Baotailong New Materials Co 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 Baotailong New Materials Co (601011)?
Baotailong New Materials Co reported trailing-twelve-month revenue of about 718M CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 601011?
The net profit margin of Baotailong New Materials Co is about -43.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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