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Shenzhen Energy Group (000027) Fair Value & Analysis

Utilities · CN · Market cap 34.7B CNY

SE Shenzhen Energy Group 000027 · SHE
Price¥6.35
Fair Value¥7.96
Upside+25.4%
Quality45/100
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Expensive Growth
Thin margins · 4.6% net margin
Moderate debt · generates free cash flow
Trails peers (5/13)
Narrow moat 37/100
Evidence: Medium Range ¥5.97 – ¥9.95 Share as image

Fair value as of: Jul 21, 2026

From 21 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from ¥9.42 to ¥7.96 (−15.5%) since Jun 25, 2026. Share price +5.3% over the past month.

Below-average quality, screening 25% undervalued on our models.

What matters now

  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from ¥5.97 (bear) to ¥9.95 (bull), base ¥7.96. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥10.77 ¥4.95 Fair Value ¥7.96 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥4.95 – ¥10.77 · fair‑value band ¥5.97 – ¥9.95 · the ¥6.35 price screens below the ¥7.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Shenzhen Energy Group (000027) currently trades at ¥6.35, while our model-based Fair Value estimate is ¥7.96, implying the stock looks roughly 25.4% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Shenzhen Energy Group generated revenue of 43.6B CNY at a net margin of 4.6%. Revenue grew 1.7% year over year. It earns a return on equity of 4.7%. Net debt stands at 39.9B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥5.97 (bear case) to ¥9.95 (bull case); at ¥6.35, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 25%, 000027 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥7.92 ¥7.88 ¥7.17 76
Rev-Margin DCF ¥1.02 ¥9.24 ¥19.63 74
ROIC Compounder ¥3.24 ¥5.06 ¥6.65 72
All 21 models by family
DCF Models
5Y Revenue Exit ¥1.02 ¥9.64 ¥21.60 39
5Y EBITDA Exit ¥4.48 ¥16.68 ¥32.16 41
5Y P/E Exit ¥0.3300 ¥4.79 38
10Y Revenue Exit ¥5.42 ¥17.09 36
10Y EBITDA Exit ¥0.7600 ¥10.53 ¥25.81 37
10Y P/E Exit ¥3.20 35
Earnings-Based
Graham-Dodd ¥3.01 ¥13.27 ¥18.17 54
Lynch FV ¥3.44 ¥4.91 ¥6.38 50
PEG = 1.0 ¥3.44 ¥4.91 ¥6.38 46
EPV ¥3.24 ¥5.06 ¥6.65 59
Multiples
P/E Multiple ¥5.97 ¥7.96 ¥9.95 63
P/S Multiple ¥5.64 ¥7.52 ¥9.40 58
P/B Multiple ¥5.64 ¥7.52 ¥9.40 55
EV/EBIT ¥7.75 ¥12.88 ¥18.02 53
EV/EBITDA ¥11.28 ¥17.59 ¥23.91 54
EV/Revenue ¥4.80 ¥10.14 ¥15.49 43
Asset-Based
NCAV (Graham) ¥5.29 ¥7.09 ¥10.58 50
Growth DCF
Rev-Margin DCF ¥1.02 ¥9.24 ¥19.63 74
Economic Profit
Residual Income ¥7.92 ¥7.88 ¥7.17 76
ROIC Compounder ¥3.24 ¥5.06 ¥6.65 72
Growth Earnings
Growth-Adj P/E ¥5.20 ¥7.42 ¥9.65 68

Widest divergence: DCF Models (¥9.64) versus Earnings-Based (¥4.91). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 43.6B CNY
Revenue growth (YoY) +1.7%
Net margin 4.6%
Return on equity 4.7%
Free cash flow 475M CNY FY2025
P/E ratio 25.1
More key figures
Operating margin 23.2%
EPS (TTM) ¥0.2900
EPS growth (YoY) -7.4%
Net debt 39.9B CNY FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 46

Profitability 20
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Shenzhen Energy Group Co., Ltd. develops, produces, purchases, and sells various conventional and new energy sources in China. The company operates through Electricity Sales, Transportation, and Other segments. It provides electricity and transportation services.

Full company description

Shenzhen Energy Group Co., Ltd. develops, produces, purchases, and sells various conventional and new energy sources in China. The company operates through Electricity Sales, Transportation, and Other segments. It provides electricity and transportation services. The company is also involved in electricity and heat production and supply, ecological protection and environmental governance, energy project development, and construction and investment; and provision of gas, garbage disposal, and leasing services. In addition, it engages in the supply of urban gas, urban solid waste, and wastewater treatment businesses. Further, the company owns an installed capacity of 25.31 million kilowatts, including 6.02 million kilowatts of coal-fired power, 10.22 million kilowatts of gas-fired power, and 9.08 million kilowatts of renewable energy. The company was formerly known as Shenzhen Energy Investment Co., Ltd. and changed its name to Shenzhen Energy Group Co., Ltd. in April 2008. Shenzhen Energy Group Co., Ltd. was founded in 1991 and is headquartered in Shenzhen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Energy Group reported revenue of ¥43.4B in FY2025 versus ¥32.3B in FY2021, a compound +7.7%/yr. Reported net income was ¥2.1B in FY2025, compounding −3.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
43.4B CNY
Latest YoY
+5.4%
Avg. growth/yr (3Y)
+5.0%
Avg. growth/yr (5Y)
+16.3%
Avg. growth/yr (34Y)
+16.4%
Revenue +7.7%/yr
FY21 ¥32.3B
FY22 ¥37.5B
FY23 ¥40.5B
FY24 ¥41.2B
FY25 ¥43.4B
Net income −3.1%/yr
FY21 ¥2.4B
FY22 ¥2.2B
FY23 ¥2.0B
FY24 ¥2.0B
FY25 ¥2.1B

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Cite: Fair Value Calculator (2026). "Shenzhen Energy Group Fair Value". https://www.fairvalue-calculator.com/stock/000027

Peer Group

Utilities - Regulated Electric · 154 stocks

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.

Quality Score 45 · Below median
Fair Value upside +25% · Above median
Return on equity (TTM) 5% · Bottom 25%
Return on assets 2% · Bottom 25%
Net margin (TTM) 5% · Bottom 25%
Operating margin (TTM) 23% · Above median
Revenue growth 2% · Below median
Debt / equity 1.12× · Higher than median

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 25.1× · Pricier than 75% of peers
P/B 0.69× · Cheaper than 75% of peers
P/S (TTM) 0.80× · Cheaper than median
P/FCF 10.8× · Pricier than 75% of peers
EV/EBITDA 6.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 67 · sector 7
FUTURE 9 · sector 32
PAST 19 · sector 39
HEALTH 44 · sector 54
DIVIDEND 0 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

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Frequently asked questions

Is Shenzhen Energy Group (000027) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥7.96 versus a price of ¥6.35, about +25% (undervalued).
What is the fair value of 000027?
Our model-based fair value for Shenzhen Energy Group is ¥7.96 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥6.35.
What is the quality score of 000027?
Shenzhen Energy Group 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 revenue of Shenzhen Energy Group (000027)?
Shenzhen Energy Group reported trailing-twelve-month revenue of about 43.6B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000027?
The net profit margin of Shenzhen Energy Group is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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