ENN Energy Holdings Limited

SZSC:2688 Stock Report

Market Cap: HK$63.8b

ENN Energy Holdings Valuation

Is 2688 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 2688 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2688 (HK$56.95) is trading below our estimate of fair value (HK$146.26)

Significantly Below Fair Value: 2688 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2688?

Key metric: As 2688 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2688. This is calculated by dividing 2688's market cap by their current earnings.
What is 2688's PE Ratio?
PE Ratio9.9x
EarningsCN¥6.06b
Market CapCN¥59.97b

Price to Earnings Ratio vs Peers

How does 2688's PE Ratio compare to its peers?

The above table shows the PE ratio for 2688 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.2x
1193 China Resources Gas Group
13.4x7.7%HK$68.3b
135 Kunlun Energy
11.7x9.7%HK$71.7b
392 Beijing Enterprises Holdings
6.9x18.9%HK$33.3b
3 Hong Kong and China Gas
21x8.6%HK$114.6b
2688 ENN Energy Holdings
9.9x9.6%HK$63.8b

Price-To-Earnings vs Peers: 2688 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (13.2x).

Price to Earnings Ratio vs Industry

How does 2688's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2688 9.9xIndustry Avg. 14.2xNo. of Companies10PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2688 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the Asian Gas Utilities industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is 2688'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.

2688 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: 2688 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).

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 2688 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$56.95
HK$67.58
+18.7%
10.5%HK$83.00HK$55.67n/a18
Dec ’25HK$52.25
HK$68.40
+30.9%
9.0%HK$83.71HK$57.07n/a19
Nov ’25HK$53.40
HK$69.47
+30.1%
9.0%HK$85.03HK$57.97n/a19
Oct ’25HK$60.05
HK$68.27
+13.7%
7.1%HK$74.00HK$58.03n/a19
Sep ’25HK$50.90
HK$68.55
+34.7%
8.3%HK$79.37HK$58.27n/a19
Aug ’25HK$53.50
HK$73.69
+37.7%
9.9%HK$88.13HK$58.48n/a20
Jul ’25HK$64.35
HK$74.02
+15.0%
11.8%HK$95.38HK$54.28n/a21
Jun ’25HK$71.70
HK$74.57
+4.0%
12.0%HK$95.90HK$54.58n/a21
May ’25HK$67.65
HK$72.58
+7.3%
13.4%HK$95.90HK$54.58n/a20
Apr ’25HK$60.30
HK$73.20
+21.4%
15.1%HK$96.07HK$54.67n/a20
Mar ’25HK$64.00
HK$76.69
+19.8%
20.3%HK$101.71HK$52.98n/a20
Feb ’25HK$59.20
HK$77.27
+30.5%
20.8%HK$102.32HK$53.30n/a19
Jan ’25HK$57.50
HK$77.86
+35.4%
20.6%HK$102.30HK$50.16n/a19
Dec ’24HK$52.60
HK$85.28
+62.1%
24.5%HK$130.21HK$50.18HK$52.2518
Nov ’24HK$60.25
HK$86.88
+44.2%
23.2%HK$127.22HK$49.03HK$53.4018
Oct ’24HK$65.00
HK$94.31
+45.1%
17.0%HK$127.31HK$64.89HK$60.0518
Sep ’24HK$61.50
HK$97.74
+58.9%
16.5%HK$128.56HK$65.29HK$50.9018
Aug ’24HK$91.75
HK$121.36
+32.3%
12.1%HK$142.62HK$87.95HK$53.5018
Jul ’24HK$97.60
HK$123.88
+26.9%
11.8%HK$144.08HK$87.66HK$64.3519
Jun ’24HK$95.50
HK$124.35
+30.2%
13.1%HK$144.49HK$78.15HK$71.7019
May ’24HK$107.00
HK$126.23
+18.0%
13.3%HK$148.75HK$79.72HK$67.6519
Apr ’24HK$107.60
HK$126.18
+17.3%
14.1%HK$149.71HK$80.09HK$60.3019
Mar ’24HK$113.70
HK$127.62
+12.2%
15.0%HK$155.84HK$76.15HK$64.0018
Feb ’24HK$120.90
HK$127.59
+5.5%
15.3%HK$150.24HK$77.30HK$59.2018
Jan ’24HK$109.60
HK$120.29
+9.8%
17.1%HK$150.30HK$74.63HK$57.5018
Dec ’23HK$105.50
HK$119.93
+13.7%
18.2%HK$156.84HK$72.66HK$52.6018

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 13:46
End of Day Share Price 2024/12/24 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ENN Energy Holdings Limited is covered by 50 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ying LouBarclays
Cho Ming LauBOCI Research Ltd.
Fei WuBOCOM International Securities Limited