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STOCK COMPARISON

Zhengzhou Coal Industry & Electric Power Co vs China Shenhua Energy: Fair Value & Quality

Both stocks run through our valuation models. Here is how Zhengzhou Coal Industry & Electric Power Co (600121) and China Shenhua Energy (601088) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees China Shenhua Energy as the less overvalued of the two: Zhengzhou Coal Industry & Electric Power Co trades at ¥4.81 versus a fair value of ¥1.49 (-69%), while China Shenhua Energy trades at ¥47.21 versus ¥31.96 (-32%).
Zhengzhou Coal Industry & Electric Power Co
600121.SHG · CNY · Energy
-69%
upside to fair value
overvalued
Price¥4.81
Fair Value¥1.49
Quality32/100
China Shenhua Energy
601088.SHG · CNY · Energy
-32%
upside to fair value
overvalued
Price¥47.21
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

Zhengzhou Coal Industry & Electric Power CoChina Shenhua Energy
Valuation
n/aP/E (TTM)16.2×
0.26×P/S (TTM)3.17×
0.93×P/B2.29×
n/aEV/EBITDA9.1×
n/aPEG14.94×
−69.0%Fair value upside−32.3%
3.6%Dividend yield4.3%
n/aDividend per share¥2.01
Profitability
-14%Operating margin25%
n/aEBIT margin trend (5Y)0.81×
-36%Return on equity12%
-1%Return on assets6%
Growth
-24%Revenue growth (YoY)1%
-7.0%Avg. growth/yr (3Y)-5.1%
4.9%Avg. growth/yr (5Y)4.8%
n/aValue creation/yr+9.2%
Balance & size
n/aInterest coverage (EBIT/interest)30.2×
0.07×Debt / equity0.07×
$875MMarket cap$140B
weakGrowth qualityweak

China Shenhua Energy leads: 3 to 5 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.

Zhengzhou Coal Industry & Electric Power Coof which business quality 30 · market factors 52 China Shenhua Energyof which business quality 62 · market factors 71
ProfitabilityMargins and returns on capital today
4
48
Quality GrowthAre margins and returns improving?
27
37
CashflowEarnings quality: real cash, not paper profit
9
49
Fin. StrengthBalance sheet, leverage, solvency risk
17
90
InvestmentDisciplined investing over empire-building
83
71
Low VolatilityCalm price path (market factor)
50
86
MomentumPrice trend over the last 3–12 months (market factor)
52
58
52W MomentumDistance to the 52-week high (market factor)
54
75
Net IssuanceShare count: buybacks or dilution?
82
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 familyZhengzhou Coal Industry & Electric Power CoPrice ¥4.81China Shenhua EnergyPrice ¥47.21
DCF Modelsn/a-35%below the price¥30.62
Earnings-Basedn/a-21%below the price¥37.12
Dividend Discount-70%below the price¥1.43+23%above the price¥58.18
Multiples-21%below the price¥3.79-20%below the price¥37.66
Asset-Based-89%below the price¥0.52-68%below the price¥14.97
Growth DCFn/a-43%below the price¥26.86
Economic Profitn/a-30%below the price¥33.01
Growth Earningsn/a-26%below the price¥34.97
Minimum-89%below the price¥0.52-68%below the price¥14.97
Maximum-21%below the price¥3.79+23%above the price¥58.18
Median-70%below the price¥1.43-28%below the price¥33.99
Geometric mean-71%below the price¥1.41-32%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%.

Zhengzhou Coal Industry & Electric Power Co: 4 of 4 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.

Zhengzhou Coal Industry & Electric Power Co
Price ¥4.81
Fair Value ¥1.49
Bear ¥1.07Bull ¥1.90
China Shenhua Energy
Price ¥47.21
Fair Value ¥31.96
Bear ¥22.39Bull ¥44.45

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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.

Zhengzhou Coal Industry & Electric Power Co · Energy

Quality score32 · bottom 25%
Fair value upside-69% · bottom 25%

China Shenhua Energy · Energy

Quality score64 · Top 25%
Fair value upside-32% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees China Shenhua Energy as the less overvalued of the two: Zhengzhou Coal Industry & Electric Power Co trades at ¥4.81 versus a fair value of ¥1.49 (-69%), while China Shenhua Energy trades at ¥47.21 versus ¥31.96 (-32%).

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

Open China Shenhua Energy live analysis →

More comparisons

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