Kailuan Energy Chemical Co Ltd (600997) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kailuan Energy Chemical Co Ltd stock ¥6.12, price ¥5.38, upside +13.8%, quality 45 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ¥4.75 – ¥10.30 · fair‑value band ¥6.10 – ¥6.14 · the ¥5.38 price screens below the ¥6.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kailuan Energy Chemical Co.,Ltd. engages in coal, coal chemical, and other businesses in China and internationally. It is involved in coal mining, raw coal washing and processing; coking; and production and sales of coal chemical products, such as metallurgical coke; investment; and house leasing.
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The company offers chemical products, such as methanol, benzene, adipic acid, and polyoxymethylene; coal tar derivatives; technical services; and promotion services for new material technologies.
The company was formerly known as Kailuan Coal Co., Ltd. Kailuan Energy Chemical Co.,Ltd. was incorporated in 2001 and is based in Tangshan, China.
Stock analysis
Kailuan Energy Chemical Co Ltd (600997) currently trades at ¥5.38, while our model-based Fair Value estimate is ¥6.12, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥5.42 per share, and 2 of the 6 models we run sit above the ¥5.38 price.
Bear case: the Multiples group reads lowest at ¥1.72, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥6.10 (bear) to ¥6.14 (bull), the price of ¥5.38 sits below 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 45/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Kailuan Energy Chemical Co Ltd reported revenue of 17.4B CNY in FY2025 versus 23.2B CNY in FY2021, a compound −6.9%/yr. Reported net income was −32.4M CNY in FY2025.
Key figures
Market cap 8.5B CNY (≈ $1.3B) Small · P/S ratio 0.43 · EPS (TTM) ¥−0.3400 · Dividend yield 0.4% · Net margin −3.0% · Return on equity −3.9% · Return on assets (EBIT) 4.9% (5-year average) · Operating margin −0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −23% fair-value upside, at 14%, 600997 screens cheaper than that median.
Fair Value models
Bear¥6.10Fair Value ¥6.12Bull¥6.14
Price ¥5.38 · Upside +13.8%
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
EPV¥3.05¥3.06¥3.0774
ROIC Compounder¥3.05¥3.06¥3.0772
EV/EBITDA¥6.42¥8.06¥9.6967
All 6 models by family
Earnings-Based
EPV¥3.05¥3.06¥3.0774
Multiples
EV/EBIT¥1.67¥1.72¥1.7766
EV/EBITDA¥6.42¥8.06¥9.6967
EV/Revenue¥1.65¥1.71¥1.7654
Asset-Based
NCAV (Graham)¥4.05¥5.42¥8.0954
Economic Profit
ROIC Compounder¥3.05¥3.06¥3.0772
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.3/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.9%
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.
−12.5%
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.
−0.9%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
Revenue growth 24 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.
+13.6%
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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.
8.9% (2020) → 0.1% (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
Compare Kailuan Energy Chemical Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Coking Coal · 21 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Above median
Fair Value upside+13.8% · Top 25%
Profitability
Return on assets−0.1% · Above median
Net margin (12 months)−3.0% · Below median
Operating margin (12 months)−0.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.9% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Coking Coal median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kailuan Energy Chemical Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600997
Frequently asked questions
Is Kailuan Energy Chemical Co Ltd (600997) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥6.12 versus a price of ¥5.38, about +14% upside (undervalued).
What is the fair value of 600997?
Our model-based fair value for Kailuan Energy Chemical Co Ltd is ¥6.12 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥5.38.
What is the quality score of 600997?
Kailuan Energy Chemical Co Ltd has a Quality Score of 45/100. 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 Kailuan Energy Chemical Co Ltd (600997)?
Our model-based price target is the fair value of ¥6.12 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario ¥6.10, optimistic scenario ¥6.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Kailuan Energy Chemical Co Ltd stock forecast for 2026?
Our models put fair value at ¥6.12, about +14% upside versus a price of ¥5.38 (undervalued). Cautious scenario ¥6.10, optimistic scenario ¥6.14. The calculation is refreshed regularly with new filings.
What is the revenue of Kailuan Energy Chemical Co Ltd (600997)?
Kailuan Energy Chemical Co Ltd reported trailing-twelve-month revenue of about 18.0B CNY (latest available figure, as of Nov 6, 2026).
Does Kailuan Energy Chemical Co Ltd pay a dividend?
Kailuan Energy Chemical Co Ltd currently shows a dividend yield of 0.37% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Kailuan Energy Chemical Co Ltd (600997) and when is the ex-dividend date?
Kailuan Energy Chemical Co Ltd pays a dividend of ¥0.02 per share a year, a dividend yield of 0.4%. The last ex-dividend date was May 21, 2026. Our assessment: Token dividend. At a yield of 0.4% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.4% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Kailuan Energy Chemical Co Ltd (600997)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kailuan Energy Chemical Co Ltd it is ¥6.12 per share (as of Nov 6, 2026), against a price of ¥5.38. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Kailuan Energy Chemical Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 600997 trades below its calculated fair value: price ¥5.38, fair value ¥6.12, a gap of about +14% (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 600997?
No. The price is what the market pays today (¥5.38); the fair value is what the company's own numbers justify (¥6.12). For Kailuan Energy Chemical Co Ltd the two are ¥0.7400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kailuan Energy Chemical Co Ltd worth?
The market values Kailuan Energy Chemical Co Ltd at about 8.5B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥5.38; our models calculate a fair value of ¥6.12 per share.
What do the bullish and bearish scenarios say about 600997?
Our models span a range for Kailuan Energy Chemical Co Ltd: cautious scenario ¥6.10, base ¥6.12, optimistic ¥6.14 per share (as of Nov 6, 2026, price ¥5.38). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kailuan Energy Chemical Co Ltd (600997)?
Balance-sheet figures for Kailuan Energy Chemical Co Ltd (as of Nov 6, 2026): return on equity −3.9%, debt of 0.05 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 600997 from its 52-week high?
Kailuan Energy Chemical Co Ltd trades at ¥5.38, about 22% below its 52-week high of ¥6.87 and 13% above the low of ¥4.75 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.12 is for.
Which stocks are comparable to Kailuan Energy Chemical Co Ltd?
From the same area (Basic Materials) we also value Warrior Met Coal, Inc, PT Alamtri Minerals Indonesia Tbk,, Shanxi Meijin Energy Co, Coronado Global Resources Inc, 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 Kailuan Energy Chemical Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥5.38, calculated fair value ¥6.12 (+14%), Quality Score 45/100, from 6 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 600997 calculated?
We run Kailuan Energy Chemical Co Ltd through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥6.12 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 13.0% above its aggregate fair value. Kailuan Energy Chemical Co Ltd currently trades 12% 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 Kailuan Energy Chemical Co Ltd (600997)?
The closing price on Nov 6, 2026 was ¥5.38. Our model-based fair value is ¥6.12, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kailuan Energy Chemical Co Ltd right now?
The price is below even our cautious bear case (¥6.10). The market is more pessimistic than our downside scenario. The models converge in a tight band (¥6.10 to ¥6.14), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Kailuan Energy Chemical Co Ltd (600997) come from?
Earnings per share at Kailuan Energy Chemical Co Ltd grew +19.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.6 %, EBIT margin +12.4 %, tax rate +0.4 %, residual (interest, one-offs) +4.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kailuan Energy Chemical Co Ltd
How large is the market capitalisation of Kailuan Energy Chemical Co Ltd (600997)?
The market capitalisation of Kailuan Energy Chemical Co Ltd is 8.5B CNY (≈ $1.3B). 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 P/S ratio of Kailuan Energy Chemical Co Ltd (600997)?
The price-to-sales ratio of Kailuan Energy Chemical Co Ltd is 0.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kailuan Energy Chemical Co Ltd (600997)?
Earnings per share at Kailuan Energy Chemical Co Ltd are ¥−0.3400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kailuan Energy Chemical Co Ltd (600997)?
The dividend yield of Kailuan Energy Chemical Co Ltd is 0.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kailuan Energy Chemical Co Ltd (600997)?
The net margin of Kailuan Energy Chemical Co Ltd is −3.0% (last twelve months). 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 Kailuan Energy Chemical Co Ltd (600997)?
The return on equity (ROE) of Kailuan Energy Chemical Co Ltd is −3.9% (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 Kailuan Energy Chemical Co Ltd (600997)?
On an EBIT basis the return on assets of Kailuan Energy Chemical Co Ltd is 4.9% (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 Kailuan Energy Chemical Co Ltd (600997)?
The operating margin of Kailuan Energy Chemical Co Ltd is −0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kailuan Energy Chemical Co Ltd (600997)?
Revenue at Kailuan Energy Chemical Co Ltd is growing +16.9% versus a year earlier (3y avg −12.5%). 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 Kailuan Energy Chemical Co Ltd (600997)?
Earnings per share at Kailuan Energy Chemical Co Ltd are growing +18.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kailuan Energy Chemical Co Ltd (600997) generate?
The free cash flow of Kailuan Energy Chemical Co Ltd is −1.5B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Kailuan Energy Chemical Co Ltd (600997) hold?
Kailuan Energy Chemical Co Ltd holds more cash than debt, 2.4B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026