Shenzhen Gas Corporation Ltd.

XSSC:601139 Stock Report

Market Cap: CN¥20.5b

Shenzhen Gas Valuation

Is 601139 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 601139 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601139 (CN¥7.11) is trading below our estimate of fair value (CN¥10.61)

Significantly Below Fair Value: 601139 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601139?

Key metric: As 601139 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601139. This is calculated by dividing 601139's market cap by their current earnings.
What is 601139's PE Ratio?
PE Ratio14.7x
EarningsCN¥1.39b
Market CapCN¥20.45b

Price to Earnings Ratio vs Peers

How does 601139's PE Ratio compare to its peers?

The above table shows the PE ratio for 601139 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.8x
603393 Xinjiang Xintai Natural Gas
10.9x17.6%CN¥13.7b
600635 Shanghai Dazhong Public Utilities(Group)Ltd
111.4xn/aCN¥10.8b
600917 Chongqing Gas Group
23.3xn/aCN¥9.9b
002911 Foran Energy Group
17.6x13.3%CN¥15.3b
601139 Shenzhen Gas
14.7x19.2%CN¥20.5b

Price-To-Earnings vs Peers: 601139 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (40.3x).

Price to Earnings Ratio vs Industry

How does 601139's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
601139 14.7xIndustry Avg. 13.2xNo. of Companies11PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601139 is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the Asian Gas Utilities industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 601139'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.

601139 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ratio17.3x

Price-To-Earnings vs Fair Ratio: 601139 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).

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 601139 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥7.26
CN¥8.96
+23.3%
9.1%CN¥10.60CN¥8.15n/a6
Nov ’25CN¥7.23
CN¥8.96
+23.9%
9.1%CN¥10.60CN¥8.15n/a6
Oct ’25CN¥7.55
CN¥9.02
+19.5%
8.5%CN¥10.60CN¥8.40n/a6
Sep ’25CN¥6.52
CN¥9.35
+43.5%
7.8%CN¥10.60CN¥8.50n/a6
Aug ’25CN¥6.87
CN¥9.37
+36.3%
7.7%CN¥10.60CN¥8.50n/a6
Jul ’25CN¥6.84
CN¥9.37
+36.9%
7.7%CN¥10.60CN¥8.50n/a6
Jun ’25CN¥7.29
CN¥9.37
+28.5%
7.7%CN¥10.60CN¥8.50n/a6
May ’25CN¥7.50
CN¥8.83
+17.8%
16.1%CN¥10.60CN¥6.10n/a6
Apr ’25CN¥7.40
CN¥8.47
+14.4%
16.0%CN¥10.60CN¥6.10n/a6
Mar ’25CN¥6.71
CN¥8.12
+21.1%
18.0%CN¥10.60CN¥6.10n/a5
Feb ’25CN¥6.27
CN¥8.12
+29.6%
18.0%CN¥10.60CN¥6.10n/a5
Jan ’25CN¥6.89
CN¥8.23
+19.4%
17.5%CN¥10.60CN¥6.10n/a5
Dec ’24CN¥6.76
CN¥8.26
+22.1%
16.1%CN¥10.60CN¥6.10n/a6
Nov ’24CN¥6.79
CN¥8.26
+21.6%
16.1%CN¥10.60CN¥6.10CN¥7.236
Oct ’24CN¥6.86
CN¥8.29
+20.8%
15.4%CN¥10.60CN¥6.30CN¥7.556
Sep ’24CN¥6.98
CN¥8.17
+17.1%
16.6%CN¥10.60CN¥6.30CN¥6.526
Aug ’24CN¥7.42
CN¥8.04
+8.4%
16.9%CN¥10.60CN¥6.30CN¥6.877
Jul ’24CN¥7.29
CN¥8.04
+10.3%
16.9%CN¥10.60CN¥6.30CN¥6.847
Jun ’24CN¥7.30
CN¥7.94
+8.8%
16.9%CN¥10.60CN¥6.30CN¥7.297
May ’24CN¥6.91
CN¥7.72
+11.7%
20.6%CN¥10.60CN¥5.50CN¥7.506
Apr ’24CN¥6.86
CN¥7.77
+13.2%
20.6%CN¥10.60CN¥5.50CN¥7.406
Mar ’24CN¥7.16
CN¥7.77
+8.5%
20.6%CN¥10.60CN¥5.50CN¥6.716
Feb ’24CN¥7.19
CN¥7.77
+8.0%
20.6%CN¥10.60CN¥5.50CN¥6.276
Jan ’24CN¥6.54
CN¥7.77
+18.8%
20.6%CN¥10.60CN¥5.50CN¥6.896
Dec ’23CN¥7.03
CN¥7.77
+10.5%
20.6%CN¥10.60CN¥5.50CN¥6.766
Nov ’23CN¥6.61
CN¥7.73
+17.0%
20.8%CN¥10.60CN¥5.50CN¥6.796

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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