Henan Shenhuo Coal Industry and Electricity Power Co. Ltd

XSEC:000933 Stock Report

Market Cap: CN¥40.7b

Henan Shenhuo Coal Industry and Electricity Power Valuation

Is 000933 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 000933 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000933 (CN¥18.1) is trading below our estimate of fair value (CN¥48.6)

Significantly Below Fair Value: 000933 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000933?

Key metric: As 000933 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000933. This is calculated by dividing 000933's market cap by their current earnings.
What is 000933's PE Ratio?
PE Ratio7.6x
EarningsCN¥5.34b
Market CapCN¥40.71b

Price to Earnings Ratio vs Peers

How does 000933's PE Ratio compare to its peers?

The above table shows the PE ratio for 000933 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.3x
601168 Western MiningLtd
12.4x18.0%CN¥41.3b
000975 Shanjin International Gold
22.5x23.1%CN¥45.7b
600497 Yunnan Chihong Zinc & Germanium
26.2x22.7%CN¥30.3b
600549 Xiamen TungstenLtd
16x14.4%CN¥29.5b
000933 Henan Shenhuo Coal Industry and Electricity Power
7.6x10.0%CN¥40.7b

Price-To-Earnings vs Peers: 000933 is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (19.3x).

Price to Earnings Ratio vs Industry

How does 000933's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
600117 Xining Special Steel.Co.Ltd
3.5xn/aUS$1.18b
No more companies available in this PE range
000933 7.6xIndustry Avg. 27.4xNo. of Companies26PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000933 is good value based on its Price-To-Earnings Ratio (7.6x) compared to the CN Metals and Mining industry average (27.4x).

Price to Earnings Ratio vs Fair Ratio

What is 000933's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

000933 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: 000933 is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 000933 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.10
CN¥23.38
+29.2%
7.5%CN¥25.15CN¥21.00n/a3
Sep ’25CN¥15.05
CN¥21.60
+43.5%
7.4%CN¥23.20CN¥20.00n/a2
Aug ’25CN¥16.39
CN¥23.60
+44.0%
1.7%CN¥24.00CN¥23.20n/a2
Jul ’25CN¥20.99
CN¥23.60
+12.4%
1.7%CN¥24.00CN¥23.20n/a2
Jun ’25CN¥23.13
CN¥23.60
+2.0%
1.7%CN¥24.00CN¥23.20n/a2
May ’25CN¥21.71
CN¥23.60
+8.7%
1.7%CN¥24.00CN¥23.20n/a2
Apr ’25CN¥20.27
CN¥23.60
+16.4%
1.7%CN¥24.00CN¥23.20n/a2
Mar ’25CN¥18.72
CN¥20.10
+7.4%
15.4%CN¥23.20CN¥17.00n/a2
Oct ’24CN¥17.08
CN¥22.94
+34.3%
25.9%CN¥28.88CN¥17.00CN¥20.082
Sep ’24CN¥17.08
CN¥22.94
+34.3%
25.9%CN¥28.88CN¥17.00CN¥15.052
Aug ’24CN¥15.75
CN¥24.44
+55.2%
18.2%CN¥28.88CN¥20.00CN¥16.392
Jul ’24CN¥13.00
CN¥24.44
+88.0%
18.2%CN¥28.88CN¥20.00CN¥20.992
Jun ’24CN¥12.84
CN¥24.44
+90.3%
18.2%CN¥28.88CN¥20.00CN¥23.132
May ’24CN¥16.30
CN¥24.44
+49.9%
18.2%CN¥28.88CN¥20.00CN¥21.712
Apr ’24CN¥17.72
CN¥24.44
+37.9%
18.2%CN¥28.88CN¥20.00CN¥20.272

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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