Jointo Energy Investment Co., Ltd. Hebei

XSEC:000600 Stock Report

Market Cap: CN¥9.2b

Jointo Energy Investment Hebei Valuation

Is 000600 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 000600 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000600 (CN¥5.11) is trading below our estimate of fair value (CN¥18.9)

Significantly Below Fair Value: 000600 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000600?

Key metric: As 000600 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000600. This is calculated by dividing 000600's market cap by their current earnings.
What is 000600's PE Ratio?
PE Ratio24.5x
EarningsCN¥376.68m
Market CapCN¥9.25b

Price to Earnings Ratio vs Peers

How does 000600's PE Ratio compare to its peers?

The above table shows the PE ratio for 000600 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
000690 Guangdong Baolihua New Energy Stock
11.8x24.4%CN¥9.9b
600780 Top Energy CompanyShanxi
13.2xn/aCN¥6.9b
000531 Guangzhou Hengyun Enterprises Holding
33.1x31.5%CN¥6.1b
000966 CHN Energy Changyuan Electric PowerLtd
21.9x32.1%CN¥13.5b
000600 Jointo Energy Investment Hebei
24.5x30.8%CN¥9.2b

Price-To-Earnings vs Peers: 000600 is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does 000600's PE Ratio compare vs other companies in the CN Renewable Energy Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
000600 24.5xIndustry Avg. 17.6xNo. of Companies8PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000600 is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the CN Renewable Energy industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is 000600'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.

000600 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.5x
Fair PE Ratio21.1x

Price-To-Earnings vs Fair Ratio: 000600 is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).

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 000600 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.11
CN¥6.21
+21.4%
3.3%CN¥6.41CN¥6.00n/a2
Nov ’25CN¥5.16
CN¥6.21
+20.3%
3.3%CN¥6.41CN¥6.00n/a2
Oct ’25CN¥5.45
CN¥5.92
+8.5%
7.0%CN¥6.33CN¥5.50n/a2
Sep ’25CN¥4.65
CN¥6.97
+49.8%
9.1%CN¥7.60CN¥6.33n/a2
Aug ’25CN¥5.11
CN¥7.56
+47.8%
0.6%CN¥7.60CN¥7.51n/a2
Jul ’25CN¥6.45
CN¥7.56
+17.1%
0.6%CN¥7.60CN¥7.51n/a2
Jun ’25CN¥6.43
CN¥7.56
+17.5%
0.6%CN¥7.60CN¥7.51n/a2
May ’25CN¥6.95
CN¥7.01
+0.9%
8.4%CN¥7.60CN¥6.42n/a2
Apr ’25CN¥6.73
CN¥6.31
-6.2%
1.7%CN¥6.42CN¥6.20n/a2
Mar ’25CN¥4.85
CN¥6.31
+30.1%
1.7%CN¥6.42CN¥6.20n/a2
Feb ’25CN¥4.62
CN¥6.31
+36.6%
1.7%CN¥6.42CN¥6.20n/a2
Jan ’25CN¥5.01
CN¥6.46
+28.9%
0.6%CN¥6.50CN¥6.42n/a2
Dec ’24CN¥5.28
CN¥6.33
+19.8%
2.8%CN¥6.50CN¥6.15n/a2
Nov ’24CN¥5.33
CN¥6.33
+18.7%
2.8%CN¥6.50CN¥6.15CN¥5.162
Oct ’24CN¥5.70
CN¥6.61
+15.9%
1.6%CN¥6.71CN¥6.50CN¥5.452
Sep ’24CN¥5.98
CN¥6.61
+10.5%
1.6%CN¥6.71CN¥6.50CN¥4.652
Aug ’24CN¥7.34
CN¥6.96
-5.2%
2.0%CN¥7.10CN¥6.82CN¥5.112
Jul ’24CN¥7.73
CN¥6.96
-10.0%
2.0%CN¥7.10CN¥6.82CN¥6.452
Jun ’24CN¥7.47
CN¥6.96
-6.8%
2.0%CN¥7.10CN¥6.82CN¥6.432

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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