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STOCK COMPARISON

China Qinfa Group vs China Shenhua Energy: Fair Value & Quality

Both stocks run through our valuation models. Here is how China Qinfa Group (0866) and China Shenhua Energy (601088) compare, as of Sep 30, 2026.

As of Sep 30, 2026, Fair Value Calculator sees China Shenhua Energy as the less overvalued of the two: China Qinfa Group trades at HK$2.01 versus a fair value of HK$1.14 (−43.1%), while China Shenhua Energy trades at ¥47.80 versus ¥31.96 (−33.1%).
China Qinfa Group
0866.HK · HKD · Energy
−43.1%
upside to fair value
overvalued
PriceHK$2.01
Fair ValueHK$1.14
Quality38/100
China Shenhua Energy
601088.SHG · CNY · Energy
−33.1%
upside to fair value
overvalued
Price¥47.80
Fair Value¥31.96
Quality64/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

China Qinfa GroupChina Shenhua Energy
Valuation
48.3×P/E (TTM)17.8×
n/aP/E ex one-offs (FY2025)19.6×
n/aForward P/E (FY2027)16.7×
0.35×P/S (TTM)3.37×
0.34×P/B2.55×
1.1×EV/EBITDA9.8×
n/aPEG14.94×
−43.1%Fair value upside−33.1%
n/aDividend yield4.2%
n/aDividend per share¥2.01
Profitability
19.2%Operating margin24.8%
n/aEBIT margin trend (5Y)0.81×
4.0%Return on equity12.7%
2.4%Return on assets5.9%
Growth
-38.9%Revenue growth (YoY)12.4%
n/aAvg. growth/yr (3Y)-5.1%
n/aAvg. growth/yr (5Y)4.8%
n/aValue creation/yr+9.1%
Balance & size
2.3×Interest coverage (EBIT/interest)30.2×
0.69×Debt / equity0.07×
$648MMarket cap$156B
mixedGrowth qualityweak
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

China Shenhua Energy leads: 4 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

China Qinfa Groupof which business quality 37 · market factors 33 China Shenhua Energyof which business quality 62 · market factors 73
ProfitabilityMargins and returns on capital today
8
48
Quality GrowthAre margins and returns improving?
42
37
CashflowEarnings quality: real cash, not paper profit
32
49
Fin. StrengthBalance sheet, leverage, solvency risk
30
90
InvestmentDisciplined investing over empire-building
33
71
Low VolatilityCalm price path (market factor)
50
87
MomentumPrice trend over the last 3–12 months (market factor)
33
62
52W MomentumDistance to the 52-week high (market factor)
12
78
Net IssuanceShare count: buybacks or dilution?
96
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyChina Qinfa GroupPrice HK$2.01China Shenhua EnergyPrice ¥47.80
DCF Modelsn/a−36.0%below the price¥30.62
Earnings-Based−67.6%below the priceHK$0.65−22.3%below the price¥37.12
Dividend Discountn/a+21.7%above the price¥58.18
Multiples−55.6%below the priceHK$0.89−21.2%below the price¥37.66
Asset-Based−71.6%below the priceHK$0.57−68.7%below the price¥14.97
Growth DCFn/a−43.8%below the price¥26.86
Economic Profit−67.6%below the priceHK$0.65−31.0%below the price¥33.01
Growth Earningsn/a−26.8%below the price¥34.97
Minimum−71.6%below the priceHK$0.57−68.7%below the price¥14.97
Maximum−55.6%below the priceHK$0.89+21.7%above the price¥58.18
Median−67.6%below the priceHK$0.65−28.9%below the price¥33.99
Geometric mean−66.1%below the priceHK$0.68−32.6%below the price¥32.20

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

China Qinfa Group: 6 of 6 models see the stock below the current price.

China Shenhua Energy: 22 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

China Qinfa Group
Price HK$2.01
Fair Value HK$1.14
Bear HK$0.56Bull HK$1.58
China Shenhua Energy
Price ¥47.80
Fair Value ¥31.96
Bear ¥22.39Bull ¥44.00

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

China Qinfa Group · Energy

Quality score38 · bottom 25%
Fair value upside−43.1% · below median

China Shenhua Energy · Energy

Quality score64 · Top 25%
Fair value upside−33.1% · below median

Bottom line

As of Sep 30, 2026, Fair Value Calculator sees China Shenhua Energy as the less overvalued of the two: China Qinfa Group trades at HK$2.01 versus a fair value of HK$1.14 (−43.1%), while China Shenhua Energy trades at ¥47.80 versus ¥31.96 (−33.1%).

China Shenhua Energy has the higher quality score (64/100).

Open China Shenhua Energy live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.