Lingbao Gold Group Company Ltd.

LI9.F · Basic Materials · Gold · Valued as of 2026-11-05 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

1.93B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

4.61B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

667.76M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

2.40B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

2.80B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.86×

the ratio the screener ranks by

Margin of Safety

-16.6%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 1.93B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.21B USD
−②Net Debt Today459.71M USD
+③Growth Value1.18B USD
=Value1.93B USD

EPV of the Operations (NOPAT over WACC)

1.21B USD

Net debt today

-459.71M USD

Growth Value

+1.18B USD

Value

1.93B USD

①EPV (Earnings Power Value)

1.21B USD

②Net Debt Today

459.71M USD

③Growth Value

1.18B USD

Market value

Market Cap2.80B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-45.3%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 4.61B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE3.41B USD
+②Equity at Year 15, Today1.21B USD
=Value4.61B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

3.41B USD

②Equity at Year 15, Today

1.21B USD

Market value

Market Cap2.80B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+39.2%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 667.76M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (an FCFF at or below zero in the latest three years), so the value is the book value today, 667.76M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap2.80B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-319.9%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 10.75%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.34×Market Risk Premium 6.00%= 12.55%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 74.73M USDPretax Income 297.23M USD= 25.14%

The tax the interest saves.

Interest Expense =EBIT 316.51M USD−Pretax Income 297.23M USD= 19.28M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 19.28M USDTotal Debt 603.19M USD×(1 − Tax Rate for WACC 25.14%)= 2.39%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 603.19M USDMarket Cap + Total Debt 2.80B USD + 603.19M USD= 17.70%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 82.30%×Cost of Equity 12.55%+Debt Weight 17.70%×Cost of Debt 2.39%= 10.75%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2025-12-31.

Total Assets 1.55B USD − Total Liabilities 882.38M USD = Book Value Today 667.76M USD

Total Debt 603.19M USD − Cash and Short-Term Investments 143.48M USD = Net Debt Today 459.71M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 18.7%at most 5%does not pass1,286,976,055 / 1,184,021,255
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets-7.5%at least -10.0%passes(103.84M USD − 220.79M USD) ÷ 1.55B USD
Price to bookMarket Cap ÷ Book Value Today4.20×at most 3×does not pass2.80B USD ÷ 667.76M USD
Operating marginOperating Income ÷ Revenue17.9%above 10.0%passes336.74M USD ÷ 1.88B USD
Revenue growthRevenue ÷ Revenue a Year Before − 115.5%above 10.0%passes1.88B USD / 1.63B USD
Net cash(Cash − Total Debt) ÷ Market Cap-17.3%above -30%passes(117.23M USD − 603.19M USD) ÷ 2.80B USD
Operating efficiencyOperating Income ÷ Gross Profit83.4%above 25.0%passes336.74M USD ÷ 403.63M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

1.81 EUR

Enterprise value

6.74B EUR

the provider's own figure

EV / EBITDA

2.12×

Price / book

2.39×

the provider's book

Price / earnings

10.65×

Return on equity

28.1%

the provider's figure, not this page's

Profit margin

13.9%

Revenue growth

2.5%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

1.46B1.48B1.63B1.88B

Gross profit

112.86M136.61M200.52M403.63M

Operating income

66.22M86.95M145.25M336.74M

EBITDA

operating income before depreciation and amortisation

92.90M120.42M192.13M373.54M

Pretax income

44.06M58.91M125.07M297.23M

Net income

34.53M44.80M95.74M220.79M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

45.81M50.70M97.38M227.69M

R&D

————
Balance sheet, year end (USD)2022202320242025

Total assets

992.49M962.85M989.62M1.55B

Total liabilities

719.55M619.67M556.45M882.38M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

302.52M374.96M464.39M698.03M

Total debt

532.08M404.69M365.83M603.19M

Cash and equivalents

24.87M36.16M38.40M117.23M

Net PP&E

fixed assets after depreciation

462.10M481.24M506.58M656.86M

Working capital

current assets less current liabilities

-178.08M-104.48M-2.27M112.28M
Cash flow (USD)2022202320242025

Operating cash flow

79.68M70.56M116.76M103.84M

Capital expenditure

paid out, so below zero

-66.39M-62.67M-84.45M-159.05M

Depreciation and amortisation

43.03M38.86M48.48M57.02M

Free cash flow

operating cash flow plus capital expenditure

13.29M7.90M32.31M-55.21M