Huaxin Cement stock: fair value
600801.SSThe fair value of Huaxin Cement under our model is $5.30, the price is 28% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $3.79 and expensive above $8.83 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $3.37 (cash-flow model) and $7.23 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $5.07, at 7.8% it would be $5.61.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (27.6).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.3%. Discounted at 8.8% (government bond yield 2.3% plus beta 1.27 times a risk premium of 5.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $3.37 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.8%) |
|---|---|---|---|---|
| 2026 | $431.88M | extrapolated at 6.0% | 0.9190 | $396.9M |
| 2027 | $452.93M | extrapolated at 4.9% | 0.8446 | $382.54M |
| 2028 | $471.53M | extrapolated at 4.1% | 0.7762 | $365.99M |
| 2029 | $488.34M | extrapolated at 3.6% | 0.7133 | $348.34M |
| 2030 | $503.92M | extrapolated at 3.2% | 0.6555 | $330.34M |
| 2031 | $518.66M | extrapolated at 2.9% | 0.6025 | $312.47M |
| 2032 | $532.88M | extrapolated at 2.7% | 0.5537 | $295.03M |
| 2033 | $546.8M | extrapolated at 2.6% | 0.5088 | $278.22M |
| 2034 | $560.58M | extrapolated at 2.5% | 0.4676 | $262.13M |
| 2035 | $574.36M | extrapolated at 2.5% | 0.4297 | $246.83M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $3.22B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (8.8% − 2.3%) | $9.04B |
| Present value of terminal value (× 0.4297) | $3.88B |
| Equity value (sum plus present value of terminal value) | $7.1B |
| Shares (diluted) | 2.11B |
| Value per share (equity value divided by shares) | $3.37 |
| Earnings per share, last twelve months | $0.26 |
| × 27.6 (industry P/E) | $7.23 |
| Fair value (average of both parts) | $5.30 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 4 Jul 2025)
- Valuation signal Fairly valued since 11 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.