Shuifa Energas Gas Co Ltd (603318) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shuifa Energas Gas Co Ltd stock ¥5.84, price ¥7.89, that is 26.0% below the price, quality 35 out of 100. Rating: overvalued. Calculated from audited financials with 12 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 ¥5.46 – ¥14.55 · fair‑value band ¥3.72 – ¥9.86 · the ¥7.89 price screens above the ¥5.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Shuifa Energas Gas Co in your weekly email
Every Wednesday you see whether Shuifa Energas Gas Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Shuifa Energas Gas Co., Ltd. engages in the liquified natural gas (LNG) business in China and internationally.
Show moreShow less
The company engages in the production and sale of liquified natural gas, CNG, and heavy hydrocarbons; trading of LNG; operation of gas supply lines; sale and installation of pipeline gas; and the production and installation of gas and gas system engineering equipment products.
It also invests, develops, designs, installs, commissions, operates, and maintains distributed energy. Shuifa Energas Gas Co., Ltd. was formerly known as Dalian Energas Gas-System Co., Ltd. Shuifa Energas Gas Co., Ltd. was founded in 2002 and is based in Jinan, China.
Stock analysis
Shuifa Energas Gas Co Ltd (603318) currently trades at ¥7.89, while our model-based Fair Value estimate is ¥5.84, 26% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ¥4.58 per share, and 0 of the 12 models we run sit above the ¥7.89 price.
Bear case: the Earnings-Based group reads lowest at ¥2.78, and 12 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥3.72 (bear) to ¥9.86 (bull), the price of ¥7.89 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 35/100 (below-average quality), in the Energy sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Shuifa Energas Gas Co Ltd reported revenue of 2.6B CNY in FY2025 versus 2.6B CNY in FY2021, a compound −0.6%/yr. Reported net income was −78.8M CNY in FY2025.
Key figures
Market cap 4.4B CNY (≈ $665M) Small · P/E ratio 197.3 · P/S ratio 1.79 · EPS (TTM) ¥0.0400 · Dividend yield 1.9% · Net margin 0.9% · Return on equity 3.4% · Return on assets (EBIT) 5.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −26%, 603318 screens cheaper than that median.
Fair Value models
Bear¥3.72Fair Value ¥5.84Bull¥9.86
Price ¥7.89 · Downside -26.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0342 per share) are deliberately not added.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¥2.43¥2.78¥3.0774
FCF DCF¥1.59¥2.73¥5.4473
Growth DCF¥1.52¥2.92¥4.9373
All 12 models by family
DCF Models
FCF DCF¥1.59¥2.73¥5.4473
5Y Revenue Exit¥3.03¥6.40¥11.3767
5Y EBITDA Exit¥2.23¥4.58¥7.7770
10Y Revenue Exit¥2.36¥5.29¥10.2261
10Y EBITDA Exit¥1.97¥3.99¥7.4763
Earnings-Based
EPV¥2.43¥2.78¥3.0774
Multiples
EV/EBIT¥1.86¥2.92¥3.9864
EV/EBITDA¥1.52¥2.46¥3.4066
EV/Revenue¥2.54¥4.19¥5.8452
Asset-Based
NCAV (Graham)¥0.2100¥0.2800¥0.420054
Growth DCF
Growth DCF¥1.52¥2.92¥4.9373
Economic Profit
ROIC Compounder¥2.43¥3.16¥3.8970
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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
4.0% (2020) → 9.2% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+67.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +64.9% a year for the price.
Compare Shuifa Energas Gas Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 Equipment & Services · 166 stocks
Beats the industry median on 1/14 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−26.0% · Below median
Profitability
Return on equity (12 months)3.4% · Below median
Return on assets−1.8% · Bottom 25%
Net margin (12 months)0.9% · Below median
Operating margin (12 months)14.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.8% · Below median
Dividend yield (12 months)1.9% · Below median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Oil & Gas Equipment & Services 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). "Shuifa Energas Gas Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603318
Frequently asked questions
Is Shuifa Energas Gas Co Ltd (603318) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥5.84 versus a price of ¥7.89, about 26% lower (overvalued).
What is the fair value of 603318?
Our model-based fair value for Shuifa Energas Gas Co Ltd is ¥5.84 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥7.89.
What is the quality score of 603318?
Shuifa Energas Gas Co Ltd has a Quality Score of 35/100. 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 Shuifa Energas Gas Co Ltd (603318)?
Our model-based price target is the fair value of ¥5.84 (as of Nov 6, 2026) from 12 valuation models. Cautious scenario ¥3.72, optimistic scenario ¥9.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Shuifa Energas Gas Co Ltd stock forecast for 2026?
Our models put fair value at ¥5.84, about 26% lower versus a price of ¥7.89 (overvalued). Cautious scenario ¥3.72, optimistic scenario ¥9.86. The calculation is refreshed regularly with new filings.
What is the revenue of Shuifa Energas Gas Co Ltd (603318)?
Shuifa Energas Gas Co Ltd reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Nov 6, 2026).
Does Shuifa Energas Gas Co Ltd pay a dividend?
Shuifa Energas Gas Co Ltd currently shows a dividend yield of 1.93% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Shuifa Energas Gas Co Ltd (603318)?
Shuifa Energas Gas Co Ltd has a dividend yield of 1.9%.
What growth is priced into Shuifa Energas Gas Co Ltd (603318)?
For today's price to be fair in a discounted-cash-flow model, Shuifa Energas Gas Co Ltd would have to grow free cash flow by +67.7 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.6 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 603318 use?
Our models discount Shuifa Energas Gas Co Ltd at 10.8 %: a base by market capitalisation (small), damped by beta 0.64, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Shuifa Energas Gas Co Ltd that is +67.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Shuifa Energas Gas Co Ltd (603318) delivered so far?
Over the past 5 years revenue at Shuifa Energas Gas Co Ltd grew +17.6 % a year. The price currently implies free-cash-flow growth of +67.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shuifa Energas Gas Co Ltd (603318) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Shuifa Energas Gas Co Ltd (+67.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shuifa Energas Gas Co Ltd (603318)?
The free-cash-flow yield on the price is 0.46 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Shuifa Energas Gas Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shuifa Energas Gas Co Ltd (603318)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shuifa Energas Gas Co Ltd it is ¥5.84 per share (as of Nov 6, 2026), against a price of ¥7.89. It is the blended result of 12 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Shuifa Energas Gas Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 603318 trades above its calculated fair value: price ¥7.89, fair value ¥5.84, a gap of about −26% (overvalued). 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 603318?
No. The price is what the market pays today (¥7.89); the fair value is what the company's own numbers justify (¥5.84). For Shuifa Energas Gas Co Ltd the two are ¥2.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shuifa Energas Gas Co Ltd worth?
The market values Shuifa Energas Gas Co Ltd at about 4.4B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥7.89; our models calculate a fair value of ¥5.84 per share.
What do the bullish and bearish scenarios say about 603318?
Our models span a range for Shuifa Energas Gas Co Ltd: cautious scenario ¥3.72, base ¥5.84, optimistic ¥9.86 per share (as of Nov 6, 2026, price ¥7.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603318?
Shuifa Energas Gas Co Ltd trades at a price-to-earnings ratio of 197.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥5.84 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2024), reported earnings: 88.7. Other multiples: P/B 3.2, P/S 1.8, EV/EBITDA 12.3.
How solid is the balance sheet of Shuifa Energas Gas Co Ltd (603318)?
Balance-sheet figures for Shuifa Energas Gas Co Ltd (as of Nov 6, 2026): return on equity 3.4%, debt of 0.45 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 603318 from its 52-week high?
Shuifa Energas Gas Co Ltd trades at ¥7.89, about 46% below its 52-week high of ¥14.55 and 23% above the low of ¥6.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.84 is for.
Which stocks are comparable to Shuifa Energas Gas Co Ltd?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Halliburton Company, Tenaris S.A, 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 Shuifa Energas Gas Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥7.89, calculated fair value ¥5.84 (−26%), Quality Score 35/100, from 12 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 603318 calculated?
We run Shuifa Energas Gas Co Ltd through 12 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥5.84 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. Shuifa Energas Gas Co Ltd itself currently trades above fair value. 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 Shuifa Energas Gas Co Ltd (603318)?
The closing price on Nov 6, 2026 was ¥7.89. Our model-based fair value is ¥5.84, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shuifa Energas Gas Co Ltd right now?
Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥3.72 to ¥9.86). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Shuifa Energas Gas Co Ltd (603318) come from?
Earnings per share at Shuifa Energas Gas Co Ltd grew +4.3 % a year from 2013 to 2024. Broken into its drivers: revenue per share +21.0 %, EBIT margin −4.0 %, tax rate −4.8 %, residual (interest, one-offs) −5.6 %. 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 Shuifa Energas Gas Co Ltd
How large is the market capitalisation of Shuifa Energas Gas Co Ltd (603318)?
The market capitalisation of Shuifa Energas Gas Co Ltd is 4.4B CNY (≈ $665M). 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 Shuifa Energas Gas Co Ltd (603318)?
The price-to-sales ratio of Shuifa Energas Gas Co Ltd is 1.79 (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 Shuifa Energas Gas Co Ltd (603318)?
Earnings per share at Shuifa Energas Gas Co Ltd are ¥0.0400 (price ÷ EPS = P/E 197.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shuifa Energas Gas Co Ltd (603318)?
The dividend yield of Shuifa Energas Gas Co Ltd is 1.9%. 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 Shuifa Energas Gas Co Ltd (603318)?
The net margin of Shuifa Energas Gas Co Ltd is 0.9% (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 Shuifa Energas Gas Co Ltd (603318)?
The return on equity (ROE) of Shuifa Energas Gas Co Ltd is 3.4% (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 Shuifa Energas Gas Co Ltd (603318)?
On an EBIT basis the return on assets of Shuifa Energas Gas Co Ltd is 5.0% (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 Shuifa Energas Gas Co Ltd (603318)?
The operating margin of Shuifa Energas Gas Co Ltd is 14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shuifa Energas Gas Co Ltd (603318)?
Revenue at Shuifa Energas Gas Co Ltd is growing +6.8% versus a year earlier (3y avg −9.7%). 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 Shuifa Energas Gas Co Ltd (603318)?
Earnings per share at Shuifa Energas Gas Co Ltd are growing −75.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shuifa Energas Gas Co Ltd (603318) carry?
The net debt of Shuifa Energas Gas Co Ltd is 725M CNY (fiscal year 2025, ≈ 43.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Shuifa Energas Gas Co Ltd in the live analysis
One click puts Shuifa Energas Gas Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 6, 2026