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Inner Mongolia Yitai Coal Co Ltd (900948) Fair Value & Analysis

Energy · CN · Market cap $8.4B · ISIN CNE000000SK7

What is Inner Mongolia Yitai Coal Co Ltd really worth?

IM Inner Mongolia Yitai Coal Co Ltd 900948 · SHG
Price$3.39
Fair Value$3.30
Upside−2.5%
Quality52/100

A solid business, currently priced close to our fair value of $3.30.

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Strengths

Solidly profitable · 12.4% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/10)

Risks

!Weak Growth (revenue 5y +4.1 %/yr)
!Narrow moat 43/100
!Evidence only low, so the estimate is less certain
!Weak on future: 16 out of 100
Evidence: Low Range $2.20 – $3.65

Fair value as of: Aug 19, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Aug 19, 2026, revised from $3.29 to $3.30 (+0.3%) since Aug 13, 2026. Share price +19.2% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

$3.39 $0.4532 Fair Value $3.30 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range $0.4532 – $3.39 · fair‑value band $2.20 – $3.65 · the $3.39 price screens above the $3.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Inner Mongolia Yitai Coal Co Ltd (900948) currently trades at $3.39, while our model-based Fair Value estimate is $3.30, implying the stock looks roughly 2.6% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of $23.89 per share, and 26 of the 26 models we run sit above the $3.39 price. Bear case: the Economic Profit group reads lowest at $10.86, and 0 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Inner Mongolia Yitai Coal Co Ltd generated revenue of $41.7B at a net margin of 12.4%. Revenue grew 3.2% year over year. It earns a return on equity of 9.8%. Net debt stands at $10.6B. Fundamentals as of Aug 19, 2026

Our scenario range runs from $2.20 (bear case) to $3.65 (bull case); at $3.39, 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 near its 52-week high and 96% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −27% fair-value upside, at −3%, 900948 screens cheaper than that median.

Fair Value models

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.

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
FCF DCF $10.42 $19.35 $33.55 77
Growth DCF $10.41 $18.79 $31.77 76
Residual Income $14.60 $16.22 $23.10 76
All 26 models by family
DCF Models
FCF DCF $10.42 $19.35 $33.55 77
Owner Earnings $4.98 $10.28 $18.70 73
5Y Revenue Exit $9.22 $17.41 $28.22 70
5Y EBITDA Exit $10.56 $20.08 $31.64 73
5Y P/E Exit $12.49 $23.90 $36.55 69
10Y Revenue Exit $9.14 $16.82 $27.94 65
10Y EBITDA Exit $10.37 $18.70 $30.65 66
10Y P/E Exit $11.60 $21.38 $34.51 62
Earnings-Based
Graham-Dodd $11.80 $47.73 $64.93 64
Lynch FV $11.92 $17.03 $22.14 61
PEG = 1.0 $11.92 $17.03 $22.14 57
EPV $8.98 $10.86 $12.49 74
Dividend Discount
Gordon GGM $10.42 $20.76 $31.44 67
DDM Multi-Stage $10.42 $17.94 $21.92 67
Multiples
P/E Multiple $18.23 $24.30 $30.38 63
P/S Multiple $12.72 $16.96 $21.20 58
P/B Multiple $22.13 $29.51 $36.89 55
EV/EBIT $14.51 $20.32 $26.14 66
EV/EBITDA $12.04 $17.03 $22.03 67
EV/Revenue $8.92 $14.01 $19.10 53
Asset-Based
NCAV (Graham) $8.27 $11.09 $16.55 54
Growth DCF
Growth DCF $10.41 $18.79 $31.77 76
Rev-Margin DCF $9.22 $17.30 $27.31 71
Economic Profit
Residual Income $14.60 $16.22 $23.10 76
ROIC Compounder $8.98 $10.86 $12.49 72
Growth Earnings
Growth-Adj P/E $16.72 $23.89 $31.05 67

Widest divergence: Growth Earnings ($23.89) versus Economic Profit ($10.86). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 13.0
P/S ratio 1.60 P/E × margin
EPS (TTM) $0.2600 price ÷ EPS = P/E 13.0
Net margin 12.3% FY2025
Return on equity 9.8% TTM
Return on assets (EBIT) 13.8% avg 5y
More key figures
Profitability
Operating margin 18.8% TTM
Growth
Revenue (TTM) $41.7B TTM
Revenue growth (YoY) +3.2% 3y avg −11.9%
EPS growth (YoY) +4.5%
Balance sheet & cash flow
Free cash flow $3.4B FY2025
Net debt $10.6B FY2025 · ≈ 3.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 91

Profitability 35
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 90
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

Inner Mongolia Yitai Coal Co.,Ltd., together with its subsidiaries, engages in the production, transportation, and sale of coal in the People's Republic of China. It operates in four segments: Coal, Coal Chemical, Transportation, and Oil & Gas. The company is involved in the production and sale of coal, coal chemical, and oil and gas products.

Full company description

Inner Mongolia Yitai Coal Co.,Ltd., together with its subsidiaries, engages in the production, transportation, and sale of coal in the People's Republic of China. It operates in four segments: Coal, Coal Chemical, Transportation, and Oil & Gas. The company is involved in the production and sale of coal, coal chemical, and oil and gas products. It also provides railway and road transportation services. In addition, the company is involved in design, manufacture, and installation of special equipment; municipal public facilities management; engineering equipment maintenance; biochemical engineering; international trade; railway investment; new energy; coal and oil testing; fund investment and management; investment management; commercial factoring; energy management; research and development, production, and sale of chemical products; exploration, extraction, and sales of oil and gas; enterprise management; liquor business; production and sales of textile products; goods warehousing; warehousing and logistics; coal washing; power generation, transmission, and supply; and trading. The company was incorporated in 1997 and is headquartered in Ordos, the People's Republic of China. Inner Mongolia Yitai Coal Co.,Ltd. is a subsidiary of Inner Mongolia Yitai Group Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inner Mongolia Yitai Coal Co Ltd reported revenue of 41.4B CNY in FY2025 versus 50.7B CNY in FY2021, a compound −4.9%/yr. Reported net income was 5.1B CNY in FY2025, compounding −12.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$41.4B
Latest YoY
−20.3%
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.
−11.9%
Avg. revenue 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.
+4.1%
Avg. revenue growth/yr (25Y) 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.
+16.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−1.9% (−1.9 + 0.0)
Revenue −4.9%/yr
FY21 50.7B CNY
FY22 60.6B CNY
FY23 53.0B CNY
FY24 52.0B CNY
FY25 41.4B CNY
Net income −12.4%/yr
FY21 8.6B CNY
FY22 11.0B CNY
FY23 7.7B CNY
FY24 5.2B CNY
FY25 5.1B CNY

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Cite: Fair Value Calculator (2026). "Inner Mongolia Yitai Coal Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/900948

Peer Group

Thermal Coal · 99 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 52 · Above median
Fair Value upside −3% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 80.1% · Top 25%
Debt / equity 0.56× · Higher than 75% of peers

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 13.0× · Cheaper than median
P/FCF 2.5× · 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
VALUE30 · sector 8
FUTURE16 · sector 0
PAST39 · sector 21
HEALTH72 · sector 93
DIVIDEND0 · sector 54

Values & ESG

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

Coal Oil & gas

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
China Shenhua Energy Company 601088 ¥48.05 ¥34.97 −27%
PT Bayan Resources Tbk., BYAN 15,325 IDR 3,542 IDR −77%
Adani Enterprises Limited ADANIENT ₹2,965 ₹891.11 −70%
Shaanxi Coal Industry Company 601225 ¥25.08 ¥23.90 −5%
Yankuang Energy Group 600188 ¥21.60 ¥13.24 −39%
Coal India Limited COALINDIA ₹417.85 ₹464.01 +11%
533278 533278 ₹406.50 ₹660.78 +63%
China Coal Energy Company 601898 ¥13.93 ¥13.91 +0%
PT Dian Swastatika Sentosa Tbk, DSSA 1,145 IDR 352.75 IDR −69%
Shanxi Lu'an Environmental Energy Development Co 601699 ¥16.27 ¥7.20 −56%

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Frequently asked questions

Is Inner Mongolia Yitai Coal Co Ltd (900948) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of $3.30 versus a price of $3.39, about −3% upside (fairly valued).
What is the fair value of 900948?
Our model-based fair value for Inner Mongolia Yitai Coal Co Ltd is $3.30 (as of Aug 19, 2026), built from audited fundamentals. The current price: $3.39.
What is the quality score of 900948?
Inner Mongolia Yitai Coal Co Ltd has a Quality Score of 52/100. 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 Inner Mongolia Yitai Coal Co Ltd (900948)?
Inner Mongolia Yitai Coal Co Ltd reported trailing-twelve-month revenue of about $41.7B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 900948?
The net profit margin of Inner Mongolia Yitai Coal Co Ltd is about 12.4%, meaning it keeps roughly 12.4% of revenue as net income. Based on the latest reported figures.
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