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STOCK COMPARISON

Xintai Ntrl Gas vs Naturgy Energy Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Xintai Ntrl Gas (603393) and Naturgy Energy Group (NTGY) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Naturgy Energy Group as the more attractively valued of the two: Xintai Ntrl Gas trades at ¥25.50 versus a fair value of ¥21.87 (-14%), while Naturgy Energy Group trades at €28.72 versus €35.80 (+25%).
Xintai Ntrl Gas
603393.SHG · CNY · Utilities
-14%
upside to fair value
overvalued
Price¥25.50
Fair Value¥21.87
Quality39/100
Naturgy Energy Group
NTGY.MC · EUR · Utilities
+25%
upside to fair value
undervalued
Price€28.72
Fair Value€35.80
Quality55/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Xintai Ntrl GasNaturgy Energy Group
Valuation
20.6×P/E (TTM)13.0×
3.00×P/S (TTM)1.62×
1.28×P/B3.31×
5.0×EV/EBITDA7.9×
PEG6.40×
Profitability
21%Net margin11%
34%Operating margin18%
5%Return on equity22%
5%Return on assets6%
Growth
17%Revenue growth (YoY)-7%
4.7%Avg. growth/yr (3Y)-17.0%
13.2%Avg. growth/yr (5Y)4.9%
Balance & size
0.63×Debt / equity1.38×
$2BMarket cap$31B
expensiveGrowth qualityhealthy

Xintai Ntrl Gas leads: 8 to 4 metric wins.

Dash = 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.

Xintai Ntrl Gasof which business quality 41 · market factors 35 Naturgy Energy Groupof which business quality 52 · market factors 67
ProfitabilityMargins and returns on capital today
35
45
Quality GrowthAre margins and returns improving?
18
37
CashflowEarnings quality: real cash, not paper profit
50
67
Fin. StrengthBalance sheet, leverage, solvency risk
48
30
InvestmentDisciplined investing over empire-building
0
71
Low VolatilityCalm price path (market factor)
73
94
MomentumPrice trend over the last 3–12 months (market factor)
22
51
52W MomentumDistance to the 52-week high (market factor)
12
64
Net IssuanceBuybacks instead of dilution
81
76

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Xintai Ntrl Gas

Earnings-Based¥23.26
Dividend Discount¥10.39
Multiples¥33.31
Asset-Based¥14.49
Economic Profit¥16.45
Growth Earnings¥33.80

10 of 16 models see the stock below the current price.

Naturgy Energy Group

DCF Models€30.77
Earnings-Based€26.55
Dividend Discount€23.41
Multiples€40.20
Asset-Based€6.76
Growth DCF€32.80
Economic Profit€20.95
Growth Earnings€30.66

11 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Xintai Ntrl Gas
Bear ¥15.31Fair Value ¥21.87Bull ¥27.72
¥25.50 = current price (white tick)
Naturgy Energy Group
Bear €21.46Fair Value €35.80Bull €49.13
€28.72 = current price (white tick)

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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.

Xintai Ntrl Gas · Utilities

Quality score39 · below median
Fair value upside-14% · below median

Naturgy Energy Group · Utilities

Quality score55 · Top 25%
Fair value upside+25% · above median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Naturgy Energy Group as the more attractively valued of the two: Xintai Ntrl Gas trades at ¥25.50 versus a fair value of ¥21.87 (-14%), while Naturgy Energy Group trades at €28.72 versus €35.80 (+25%).

Naturgy Energy Group has the higher quality score (55/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.