ENN Natural GasLtd (SHSE:600803) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 600803 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600803 (CN¥19.31) is trading below our estimate of [[fair value]] (CN¥94.28)

Share Price vs Fair Value

What is the Fair Price of 600803 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600803 (CN¥19.31) is trading below our estimate of fair value (CN¥94.28)

Significantly Below Fair Value: 600803 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600803?

Key metric: As 600803 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600803. This is calculated by dividing 600803's market cap by their current earnings.
What is 600803's PE Ratio?
PE Ratio	7.9x
Earnings	CN¥7.48b
Market Cap	CN¥59.33b

600803 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.8x
Enterprise Value/EBITDA	7x
PEG Ratio	2.6x

Price to Earnings Ratio vs Peers

How does 600803's PE Ratio compare to its peers?

The above table shows the PE ratio for 600803 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	41.5x
601139 Shenzhen Gas	15.3x	19.2%	CN¥21.3b
603393 Xinjiang Xintai Natural Gas	11.5x	17.6%	CN¥14.4b
600635 Shanghai Dazhong Public Utilities(Group)Ltd	115.7x	n/a	CN¥11.4b
600917 Chongqing Gas Group	23.5x	n/a	CN¥10.1b
600803 ENN Natural GasLtd	7.9x	3.0%	CN¥59.3b

Price-To-Earnings vs Peers: 600803 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (41.5x).

Price to Earnings Ratio vs Industry

How does 600803's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600803 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Asian Gas Utilities industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 600803'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.

600803 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.9x
Fair PE Ratio	14.6x

Price-To-Earnings vs Fair Ratio: 600803 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).

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 600803 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥19.31	CN¥22.95 +18.8%	13.2%	CN¥25.87	CN¥17.50	n/a	8
Nov ’25	CN¥18.63	CN¥22.95 +23.2%	13.2%	CN¥25.87	CN¥17.50	n/a	8
Oct ’25	CN¥20.58	CN¥22.82 +10.9%	12.8%	CN¥25.92	CN¥18.50	n/a	7
Sep ’25	CN¥17.67	CN¥23.03 +30.3%	11.5%	CN¥25.92	CN¥20.00	n/a	7
Aug ’25	CN¥18.33	CN¥23.22 +26.7%	12.1%	CN¥27.97	CN¥20.00	n/a	8
Jul ’25	CN¥21.21	CN¥23.49 +10.7%	11.7%	CN¥27.97	CN¥20.00	n/a	9
Jun ’25	CN¥18.19	CN¥23.49 +29.1%	11.7%	CN¥27.97	CN¥20.00	n/a	9
May ’25	CN¥18.06	CN¥23.32 +29.1%	12.8%	CN¥27.97	CN¥18.50	n/a	9
Apr ’25	CN¥18.82	CN¥23.32 +23.9%	12.8%	CN¥27.97	CN¥18.50	n/a	9
Mar ’25	CN¥18.32	CN¥22.82 +24.6%	11.7%	CN¥26.30	CN¥18.50	n/a	9
Feb ’25	CN¥17.30	CN¥22.82 +31.9%	11.7%	CN¥26.30	CN¥18.50	n/a	9
Jan ’25	CN¥16.82	CN¥22.82 +35.7%	11.7%	CN¥26.30	CN¥18.50	n/a	9
Dec ’24	CN¥15.65	CN¥22.77 +45.5%	12.2%	CN¥26.30	CN¥18.00	n/a	9
Nov ’24	CN¥17.23	CN¥23.14 +34.3%	12.1%	CN¥26.30	CN¥18.00	CN¥18.63	8
Oct ’24	CN¥17.42	CN¥23.88 +37.1%	12.2%	CN¥28.20	CN¥18.50	CN¥20.58	9
Sep ’24	CN¥17.33	CN¥23.88 +37.8%	12.2%	CN¥28.20	CN¥18.50	CN¥17.67	9
Aug ’24	CN¥18.82	CN¥25.27 +34.3%	11.5%	CN¥28.20	CN¥18.50	CN¥18.33	8
Jul ’24	CN¥18.98	CN¥25.45 +34.1%	9.8%	CN¥28.20	CN¥20.50	CN¥21.21	7
Jun ’24	CN¥18.98	CN¥24.83 +30.8%	11.5%	CN¥28.20	CN¥20.49	CN¥18.19	8
May ’24	CN¥20.30	CN¥24.83 +22.3%	11.5%	CN¥28.20	CN¥20.49	CN¥18.06	8
Apr ’24	CN¥20.85	CN¥24.99 +19.9%	11.2%	CN¥28.20	CN¥20.49	CN¥18.82	7
Mar ’24	CN¥20.06	CN¥23.86 +18.9%	9.4%	CN¥27.00	CN¥20.49	CN¥18.32	8
Feb ’24	CN¥18.06	CN¥23.86 +32.1%	9.4%	CN¥27.00	CN¥20.49	CN¥17.30	8
Jan ’24	CN¥16.10	CN¥23.49 +45.9%	10.9%	CN¥27.00	CN¥20.49	CN¥16.82	8
Dec ’23	CN¥18.16	CN¥23.49 +29.3%	10.9%	CN¥27.00	CN¥20.49	CN¥15.65	8
Nov ’23	CN¥15.79	CN¥23.91 +51.5%	10.2%	CN¥27.00	CN¥20.50	CN¥17.23	7

Analyst Forecast: Target price is less than 20% higher than the current share price.

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