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Yanchang Petroleum International Ltd (0346) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Yanchang Petroleum International Ltd stock HK$0.30, price HK$0.24, upside +23.0%, quality 34 out of 100. Rating: undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Energy HK · ISIN BMG9833W1064

YP Yanchang Petroleum International Ltd logo Thin data Nov 3, 2026

Yanchang Petroleum International Ltd

0346 · HK
Speculative

The stock costs 19% less than our calculation considers fair.

Fair value HK$0.3000 · Undervalued
Moderate debt
Revenue last quarter 30% below a year ago.
Quality 34/100
Weak Growth (revenue 5y −8.7 %/yr in HKD)
Loss-making · -5.4% net margin (TTM)
Negative free cash flow
Trails peers (3/10)
Narrow moat 16/100
Thin data
⟳ Cyclical
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$1.88 HK$0.2210 Fair Value HK$0.3000 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range HK$0.2210 – HK$1.88 · fair‑value band HK$0.2300 – HK$0.4500 · the HK$0.2440 price screens below the HK$0.3000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.

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Company profile

Yanchang Petroleum International Limited, an investment holding company, engages in the supply and procurement operation of oil related products in the People's Republic of China, Canada, Hong Kong, and internationally.

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The company operates through Exploration, Exploitation and Operation Business; and Supply and Procurement Business segments. It engages in the wholesale, retail, storage, and distribution of refined oil.

The company also acquires, explores for, exploits, develops, and produces crude oil and natural gas, as well as engages in the fuel oil and oil related product trading business. It owns interests in oilfield blocks located in Canada.

The company was formerly known as Sino Union Energy Investment Group Limited and changed its name to Yanchang Petroleum International Limited in May 2012. The company was incorporated in 2001 and is headquartered in Causeway Bay, Hong Kong.

Yanchang Petroleum International Limited is a subsidiary of Yanchang Petroleum Group (Hong Kong) Co., Limited.

Stock analysis

Yanchang Petroleum International Ltd (0346) currently trades at HK$0.2440, while our model-based Fair Value estimate is HK$0.3000, implying the stock looks roughly 19% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: HK$0.2300 (bear) to HK$0.4500 (bull), the price of HK$0.2440 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 34/100 (below-average quality), in the Energy sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Yanchang Petroleum International Ltd reported revenue of HK$17.3B in FY2025 versus HK$19.8B in FY2021, a compound −3.2%/yr. Reported net income was −HK$759M in FY2025.

Key figures

Market cap HK$268M (≈ $34.2M) Micro · Net margin −4.4% · Return on equity −84.3% · Return on assets (EBIT) −9.0% (5-year average) · Operating margin −0.2% · Revenue (TTM) HK$14.4B · Revenue growth (YoY) −29.7% · EPS growth (YoY) −59.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 61% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −15% fair-value upside, at 23%, 0346 screens cheaper than that median.

Fair Value models

Bear HK$0.2300 Fair Value HK$0.3000 Bull HK$0.4500
Price HK$0.2440 · Upside +23.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) HK$0.2300 HK$0.3000 HK$0.4500 54
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.2300 HK$0.3000 HK$0.4500 54

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Quality Score breakdown

Overall quality 34/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 22
How much profit the company makes from its sales and capital
Quality Growth 18
Are margins and returns getting better?
Cashflow 7
Do the profits arrive as real cash?
Financial strength 18
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 15
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 81
Buys back shares or issues new ones?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−40.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.7%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.8%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−0.1% (2020) → −4.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Integrated · 43 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside +23.0% · Top 25%
Profitability
Return on assets −27.5% · Bottom 25%
Net margin (12 months) −5.4% · Bottom 25%
Operating margin (12 months) −0.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −29.7% · Bottom 25%
Balance sheet
Debt / equity 0.80× · Highest 25%

Valuation Multiplesvs Oil & Gas Integrated median · lower = cheaper

P/B 0.48× · Cheapest 25%
P/S (12 months) 0.02× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)64 · sector 16
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 53
HEALTH (low debt)60 · sector 87
DIVIDEND (yield)0 · sector 73

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
PetroChina Company 601857 ¥12.70 ¥13.96 +10% vs 0346
China Petroleum & Chemical Corporation 600028 ¥5.80 ¥5.60 −4% vs 0346
TotalEnergies SE TTE €79.73 €74.49 −7% vs 0346
Equinor ASA EQNR kr 394.90 kr 342.31 −13% vs 0346
Petróleo Brasileiro S.A PBR $18.53 $15.70 −15% vs 0346
Suncor Energy Inc SU $68.74 $51.32 −25% vs 0346
Saudi Arabian Oil Company 2222 26.08 SAR 19.04 SAR −27% vs 0346
Imperial Oil Limited IMO $124.83 $68.70 −45% vs 0346
Exxon Mobil Corporation XOM $165.87 $90.40 −46% vs 0346
Chevron Corporation CVX $212.61 $92.05 −57% vs 0346

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Yanchang Petroleum International Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Yanchang Petroleum International Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0346

Frequently asked questions

Is Yanchang Petroleum International Ltd (0346) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of HK$0.3000 versus a price of HK$0.2440, about +23% upside (undervalued).
What is the fair value of 0346?
Our model-based fair value for Yanchang Petroleum International Ltd is HK$0.3000 (as of Nov 3, 2026), built from audited fundamentals. The current price: HK$0.2440.
What is the quality score of 0346?
Yanchang Petroleum International Ltd has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Yanchang Petroleum International Ltd (0346)?
Our model-based price target is the fair value of HK$0.3000 (as of Nov 3, 2026) from 1 valuation models. Cautious scenario HK$0.2300, optimistic scenario HK$0.4500. It is a calculation from audited fundamentals, not an analyst target.
What is the Yanchang Petroleum International Ltd stock forecast for 2026?
Our models put fair value at HK$0.3000, about +23% upside versus a price of HK$0.2440 (undervalued). Cautious scenario HK$0.2300, optimistic scenario HK$0.4500. The calculation is refreshed regularly with new filings.
What is the revenue of Yanchang Petroleum International Ltd (0346)?
Yanchang Petroleum International Ltd reported trailing-twelve-month revenue of about HK$14.4B (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Yanchang Petroleum International Ltd (0346)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yanchang Petroleum International Ltd it is HK$0.3000 per share (as of Nov 3, 2026), against a price of HK$0.2440. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Yanchang Petroleum International Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 0346 trades below its calculated fair value: price HK$0.2440, fair value HK$0.3000, a gap of about +23% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0346?
No. The price is what the market pays today (HK$0.2440); the fair value is what the company's own numbers justify (HK$0.3000). For Yanchang Petroleum International Ltd the two are HK$0.0560 per share apart. That gap is exactly why we show both numbers side by side.
How much is Yanchang Petroleum International Ltd worth?
The market values Yanchang Petroleum International Ltd at about HK$268M (market capitalisation, as of Nov 3, 2026). Per share that is HK$0.2440; our models calculate a fair value of HK$0.3000 per share.
What do the bullish and bearish scenarios say about 0346?
Our models span a range for Yanchang Petroleum International Ltd: cautious scenario HK$0.2300, base HK$0.3000, optimistic HK$0.4500 per share (as of Nov 3, 2026, price HK$0.2440). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Yanchang Petroleum International Ltd (0346)?
Balance-sheet figures for Yanchang Petroleum International Ltd (as of Nov 3, 2026): return on equity −84.3%, debt of 0.80 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 0346 from its 52-week high?
Yanchang Petroleum International Ltd trades at HK$0.2440, about 61% below its 52-week high of HK$0.6200 and 10% above the low of HK$0.2210 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.3000 is for.
Which stocks are comparable to Yanchang Petroleum International Ltd?
From the same area (Energy) we also value Saudi Arabian Oil Company, Exxon Mobil Corporation, Chevron Corporation, PetroChina Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Yanchang Petroleum International Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price HK$0.2440, calculated fair value HK$0.3000 (+23%), Quality Score 34/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0346 calculated?
We run Yanchang Petroleum International Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of HK$0.3000 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Yanchang Petroleum International Ltd currently trades 19% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Yanchang Petroleum International Ltd (0346)?
The closing price on Nov 6, 2026 was HK$0.2440. Our model-based fair value is HK$0.3000, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yanchang Petroleum International Ltd right now?
A fairly wide model range (HK$0.2300 to HK$0.4500) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Yanchang Petroleum International Ltd

How large is the market capitalisation of Yanchang Petroleum International Ltd (0346)?
The market capitalisation of Yanchang Petroleum International Ltd is HK$268M (≈ $34.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the net margin of Yanchang Petroleum International Ltd (0346)?
The net margin of Yanchang Petroleum International Ltd is −4.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Yanchang Petroleum International Ltd (0346)?
The return on equity (ROE) of Yanchang Petroleum International Ltd is −84.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Yanchang Petroleum International Ltd (0346)?
On an EBIT basis the return on assets of Yanchang Petroleum International Ltd is −9.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Yanchang Petroleum International Ltd (0346)?
The operating margin of Yanchang Petroleum International Ltd is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yanchang Petroleum International Ltd (0346)?
Revenue at Yanchang Petroleum International Ltd is growing −29.7% versus a year earlier (3y avg −16.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Yanchang Petroleum International Ltd (0346)?
Earnings per share at Yanchang Petroleum International Ltd are growing −59.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Yanchang Petroleum International Ltd (0346) generate?
The free cash flow of Yanchang Petroleum International Ltd is −HK$270M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Yanchang Petroleum International Ltd (0346) carry?
The net debt of Yanchang Petroleum International Ltd is HK$684M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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