Aluminum Corporation of China Limited
Aluminum Corporation of China Limited, commonly known as Chalco, is a prominent state-owned enterprise operating in the metals and mining sector. Its primary focus is on the production and trading of aluminum products. As a leading producer of aluminum, Chalco engages in mining bauxite, refining alumina, producing primary aluminum, and developing aluminum fabrication products. Beyond basic production, the corporation is also invested in trading and securities, and provides technological development and engineering services. Chalco's operations significantly impact industries ranging from construction, where aluminum's lightweight and durable properties are pivotal, to automotive and aerospace, which utilize aluminum for its strength and energy efficiency. With its wide-reaching influence, Chalco plays a vital role in both domestic markets and international trade, reflecting China's strategic interests in securing essential commodities for industrial growth. The corporation’s activities are critical to understanding global supply and demand dynamics in the aluminum market, frequently impacting pricing and availability of the metal. Chalco's operations not only underscore its importance within China's economic framework but also highlight its role as a key player in the global metals industry.
$0.90
-$0.06 (-6.25%)
EOD Oct 21, 2026
12.81% operating margin is respectable but not wide. ROIC at 14.22%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.7%, essentially flat. This is a business that needs a catalyst.
Even for strong businesses, today's 8x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
8.1x earnings, 4.1x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (FY)
¥241.13B
▲ +1.7% YoY
Net Income (FY)
¥21.52B
▲ +11.1% YoY
Op. Margin
12.81%
▲ +1.7pp YoY
ROIC
14.22%
▲ +1.2pp YoY
Cash Flow & Balance Sheet
FCF (FY)
¥24.85B
▲ +10.7% YoY
Op. Cash Flow (FY)
¥34.09B
▲ +7.0% YoY
Net Debt
¥29.94B
Cash & Equiv.
¥33.65B
3Y CAGR: -6.1%
3Y CAGR: +2.5%
Continue Research
Is Aluminum Corporation of China (ALMMF) overvalued?
At a P/E of 8.1 and a price-to-free-cash-flow of 4.1, Aluminum Corporation of China (ALMMF) trades below a two-stage DCF intrinsic value of about CNY 23.34 per share, so at CNY 0.90 the stock looks undervalued (2,493.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Aluminum Corporation of China scores 68/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Aluminum Corporation of China's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 23.34 per share for ALMMF, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CNY 17.51. At today's CNY 0.90, that puts the stock about 2,493.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Aluminum Corporation of China a high-quality business?+
Aluminum Corporation of China scores 68 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 12.8% operating margin and a 14.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Aluminum Corporation of China a good stock to buy right now?+
That depends on valuation and quality together, not either alone. ALMMF currently trades below its estimated intrinsic value and scores 68/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Aluminum
Spot a number that looks wrong?
Download this analysis as a PDF (Pro)
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Keep analysing ALMMF
Create a free account and get 14 days of Premium: every stock and every tool.
- Unlimited stocks
- Stock screener
- Portfolio tracker
- Editable DCF
- Compare side by side
- Unlimited alerts
No card. Moves to Free after, unless you upgrade.
Already have an account?
Or come back tomorrow. Stocks on your watchlist are always free to view.