Kunlun Energy Company Limited

SEHK:135 Stock Report

Market Cap: HK$66.2b

Kunlun Energy Valuation

Is 135 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: 135 (HK$7.65) is trading below our estimate of fair value (HK$15.25)

Significantly Below Fair Value: 135 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 135?

Key metric: As 135 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 135. This is calculated by dividing 135's market cap by their current earnings.
What is 135's PE Ratio?
PE Ratio10.7x
EarningsCN¥5.77b
Market CapCN¥61.59b

Price to Earnings Ratio vs Peers

How does 135's PE Ratio compare to its peers?

The above table shows the PE ratio for 135 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
1193 China Resources Gas Group
12.6x7.8%HK$65.7b
2688 ENN Energy Holdings
8.9x9.8%HK$58.3b
3 Hong Kong and China Gas
20.3x9.2%HK$111.2b
392 Beijing Enterprises Holdings
6.4x18.9%HK$31.0b
135 Kunlun Energy
10.7x9.6%HK$66.2b

Price-To-Earnings vs Peers: 135 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (12.1x).


Price to Earnings Ratio vs Industry

How does 135's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
135 10.7xIndustry Avg. 13.2xNo. of Companies11PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 135 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the Asian Gas Utilities industry average (13.2x).


Price to Earnings Ratio vs Fair Ratio

What is 135'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.

135 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.7x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: 135 is expensive based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).


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 135 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$7.65
HK$8.72
+14.0%
8.0%HK$10.55HK$7.80n/a14
Nov ’25HK$7.54
HK$8.69
+15.3%
8.2%HK$10.55HK$7.80n/a14
Oct ’25HK$8.02
HK$8.69
+8.4%
8.2%HK$10.55HK$7.80n/a14
Sep ’25HK$7.81
HK$8.72
+11.7%
8.3%HK$10.55HK$7.70n/a14
Aug ’25HK$7.63
HK$8.65
+13.4%
9.7%HK$10.71HK$7.50n/a14
Jul ’25HK$8.10
HK$8.43
+4.1%
7.2%HK$9.67HK$7.50n/a14
Jun ’25HK$8.12
HK$8.43
+3.8%
7.2%HK$9.67HK$7.50n/a14
May ’25HK$7.63
HK$8.34
+9.3%
8.1%HK$9.67HK$7.25n/a14
Apr ’25HK$6.53
HK$8.33
+27.6%
8.2%HK$9.67HK$7.25n/a14
Mar ’25HK$6.64
HK$8.38
+26.2%
7.7%HK$9.97HK$7.50n/a13
Feb ’25HK$7.02
HK$8.39
+19.5%
7.1%HK$9.97HK$7.70n/a14
Jan ’25HK$7.04
HK$8.23
+16.9%
9.6%HK$9.97HK$6.90n/a14
Dec ’24HK$7.22
HK$8.23
+14.1%
9.2%HK$9.60HK$6.90n/a14
Nov ’24HK$6.58
HK$8.08
+22.8%
10.6%HK$9.60HK$6.90HK$7.5414
Oct ’24HK$6.75
HK$7.98
+18.2%
12.0%HK$9.60HK$6.30HK$8.0214
Sep ’24HK$5.74
HK$7.96
+38.6%
12.5%HK$9.60HK$6.30HK$7.8115
Aug ’24HK$6.45
HK$8.23
+27.7%
13.7%HK$10.00HK$6.40HK$7.6315
Jul ’24HK$6.16
HK$8.34
+35.5%
13.3%HK$10.00HK$6.40HK$8.1014
Jun ’24HK$6.14
HK$8.34
+35.9%
13.3%HK$10.00HK$6.40HK$8.1214
May ’24HK$7.26
HK$8.40
+15.7%
14.1%HK$10.00HK$6.40HK$7.6313
Apr ’24HK$6.14
HK$8.55
+39.3%
12.3%HK$10.00HK$6.40HK$6.5314
Mar ’24HK$6.50
HK$8.61
+32.4%
12.0%HK$10.00HK$6.40HK$6.6414
Feb ’24HK$6.32
HK$8.29
+31.2%
11.9%HK$9.50HK$6.40HK$7.0214
Jan ’24HK$5.57
HK$8.48
+52.3%
10.8%HK$9.50HK$6.30HK$7.0413
Dec ’23HK$5.94
HK$8.67
+45.9%
12.8%HK$10.76HK$6.30HK$7.2213
Nov ’23HK$5.04
HK$8.67
+72.0%
12.8%HK$10.76HK$6.30HK$6.5813

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


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