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Data-driven stock valuation

Chengdu Xingrong Investment Co Ltd (000598) fair value: what the stock is really worth

We calculate from audited financials what Chengdu Xingrong Investment Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Utilities · CN · Market cap 21.0B CNY (≈ $3.1B) · ISIN CNE000000HN4

At a glance

CX Chengdu Xingrong Investment Co Ltd 000598 · SHE
Price¥7.17
Fair Value¥9.09
Upside+26.8%
Quality46/100

Below-average quality, trading 21% below our fair value of ¥9.09.

As of Sep 1, 2026, the fair value of Chengdu Xingrong Investment Co Ltd is ¥9.09 per share against a price of ¥7.17, so the fair value sits 27% above the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +11.0 %/yr)
Highly profitable · 22.2% net margin
Moderate debt · generates free cash flow
·3.28% dividend yield
Ranks above peers (13/15)
!Moderate moat 58/100
!Weak on future: 16 out of 100
Evidence: High Range ¥6.02 to ¥12.16

Fair value as of: Sep 1, 2026

From 26 valuation models · updated 8 days ago

Share price +0.7% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥6.02 to ¥12.16) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥8.20 ¥4.25 Fair Value ¥9.09 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range ¥4.25 – ¥8.20 · fair‑value band ¥6.02 – ¥12.16 · the ¥7.17 price screens below the ¥9.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Chengdu Xingrong Investment Co Ltd (000598) currently trades at ¥7.17, while our model-based Fair Value estimate is ¥9.09, implying the stock looks roughly 21.1% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of ¥15.36 per share, and 13 of the 25 models we run sit above the ¥7.17 price. Bear case: the Economic Profit group reads lowest at ¥4.24, and 12 of the 25 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Chengdu Xingrong Investment Co Ltd generated revenue of 9.1B CNY at a net margin of 22.2%. Revenue grew 3.2% year over year. It earns a return on equity of 9.9%. Net debt stands at 9.5B CNY. Fundamentals as of Sep 1, 2026

Scenario range: ¥6.02 (bear) to ¥12.16 (bull), the price of ¥7.17 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 6% below its 52-week high and 11% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −33% fair-value upside, at 27%, 000598 screens cheaper than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥0.3072 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model 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. Evidence
Highest evidence
FCF DCF n/a n/a ¥3.22 77
Residual Income ¥6.12 ¥6.74 ¥9.68 76
Growth DCF n/a ¥0.0900 ¥2.81 75
All 26 models by family
DCF Models
FCF DCF n/a n/a ¥3.22 77
Owner Earnings n/a ¥0.3900 ¥4.04 73
5Y Revenue Exit ¥1.14 ¥6.07 ¥13.37 65
5Y EBITDA Exit ¥4.34 ¥13.28 ¥25.53 70
5Y P/E Exit ¥3.41 ¥11.19 ¥20.94 66
10Y Revenue Exit ¥0.0900 ¥4.60 ¥12.47 57
10Y EBITDA Exit ¥2.49 ¥10.16 ¥23.86 61
10Y P/E Exit ¥1.85 ¥8.55 ¥19.66 57
Earnings-Based
Graham-Dodd ¥4.57 ¥27.86 ¥38.86 63
Lynch FV ¥7.97 ¥11.39 ¥14.81 61
PEG = 1.0 ¥7.97 ¥11.39 ¥14.81 57
EPV ¥3.18 ¥4.24 ¥5.17 74
Dividend Discount
Gordon GGM ¥3.31 ¥6.88 ¥10.91 66
DDM Multi-Stage ¥3.31 ¥5.80 ¥7.22 66
Multiples
P/E Multiple ¥9.07 ¥12.09 ¥15.11 63
P/S Multiple ¥5.70 ¥7.60 ¥9.50 58
P/B Multiple ¥8.56 ¥11.42 ¥14.27 55
EV/EBIT ¥6.02 ¥9.09 ¥12.16 65
EV/EBITDA ¥7.26 ¥10.74 ¥14.22 66
EV/Revenue ¥2.13 ¥4.41 ¥6.69 51
Asset-Based
NCAV (Graham) ¥3.50 ¥4.69 ¥7.01 54
Growth DCF
Growth DCF n/a ¥0.0900 ¥2.81 75
Rev-Margin DCF ¥1.14 ¥5.77 ¥12.35 65
Economic Profit
Residual Income ¥6.12 ¥6.74 ¥9.68 76
ROIC Compounder ¥3.18 ¥4.24 ¥5.17 72
Growth Earnings
Growth-Adj P/E ¥10.75 ¥15.36 ¥19.97 67

Widest divergence: Growth Earnings (¥15.36) versus Growth DCF (¥0.0900). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 10.5
P/S ratio 2.33 P/E × margin
EPS (TTM) ¥0.6800 price ÷ EPS = P/E 10.5
Dividend yield 3.3% payout 34.6%
Net margin 22.1% FY2025
Return on equity 9.9% TTM
More key figures
Profitability
Return on assets (EBIT) 5.0% avg 5y
Operating margin 33.8% TTM
Growth
Revenue (TTM) 9.1B CNY TTM
Revenue growth (YoY) +3.2% 3y avg +5.9%
EPS growth (YoY) +3.9%
Balance sheet & cash flow
Free cash flow 334M CNY FY2025
Net debt 9.5B CNY FY2025 · ≈ 28.4 yrs of FCF

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 59

Profitability 36
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Chengdu Xingrong Environment Co., Ltd. engages in the tap water business in China. It is involved in the water extraction from water sources, water purification, water pipe transportation, and tap water sales and after-sales services. The company also engages in the sewage treatment business, such as urban and rural domestic sewage and industrial wastewater.

Full company description

Chengdu Xingrong Environment Co., Ltd. engages in the tap water business in China. It is involved in the water extraction from water sources, water purification, water pipe transportation, and tap water sales and after-sales services. The company also engages in the sewage treatment business, such as urban and rural domestic sewage and industrial wastewater. In addition, it is involved in the environmental protection business, including waste incineration power generation, landfill leachate treatment, sludge and food waste disposal, and engineering businesses. The company was formerly known as Chengdu Xingrong Investment Co., Ltd. and changed its name to Chengdu Xingrong Environment Co., Ltd. in June 2015. Chengdu Xingrong Environment Co., Ltd. was founded in 1995 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chengdu Xingrong Investment Co Ltd reported revenue of 9.1B CNY in FY2025 versus 6.8B CNY in FY2021, a compound +7.7%/yr. Reported net income was 2.0B CNY in FY2025, compounding +7.6%/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)
9.1B CNY
Latest YoY
+0.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.0%
Avg. revenue growth/yr (32Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+12.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+9.0%
Dividend yield3.3%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 9.0% vs 10Y 9.1%, steady
Operating margin (EBIT) 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.29.1% (2020) → 26.9% (2025) · falling
Worst earnings drop112% (2008) (loss year, drop beyond 100%) · in CNY
Revenue +7.7%/yr
FY21 6.8B CNY
FY22 7.6B CNY
FY23 8.1B CNY
FY24 9.0B CNY
FY25 9.1B CNY
Net income +7.6%/yr
FY21 1.5B CNY
FY22 1.6B CNY
FY23 1.8B CNY
FY24 2.0B CNY
FY25 2.0B CNY
Character of growth · EPS growth decomposed (2014-2025) +10.1 % p.a.
Revenue per share +12.8 %

of which total revenue +12.8 % · buybacks/dilution +0.0 %

EBIT margin −0.7 %
Tax rate +0.0 %
Residual (interest, one-offs) −1.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Chengdu Xingrong Investment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000598

Peer Group

Utilities - Regulated Water · 65 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.

Valuation
Quality Score 46 · Above median
Fair Value upside +26% · Above median
Profitability
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 34% · Top 25%
Growth and dividend
Revenue growth 3% · Below median
Dividend yield (TTM) 3.3% · Above median
Balance sheet
Debt / equity 0.68× · Below median

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

P/E (TTM) 10.5× · Cheapest 25%
P/B 1.00× · Cheaper than median
P/S (TTM) 2.30× · Cheaper than median
P/FCF 9.4× · Priciest 25%
EV/EBITDA 6.7× · Cheapest 25%
PEG 0.35× · Cheapest 25%

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Chengdu Xingrong Investment Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+27.6 % per year
Achieved revenue growth, 5 years+11.0 % p.a.
Sector median revenue growth+0.7 %
FCF yield on price1.56 %
Discount rate (WACC) in the models9.1 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE69 · sector 0
FUTURE16 · sector 29
PAST40 · sector 30
HEALTH66 · sector 63
DIVIDEND66 · sector 51

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

Similar stocks

10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

Stock Price Fair Value vs Fair Value
American Water Works Company AWK $140.70 $65.80 −53%
SBS SBS $4.82 $8.13 +69%
Essential Utilities, Inc WTRG $41.70 $21.81 −48%
Guangdong Investment Limited 0270 HK$8.82 HK$12.82 +45%
Grandblue Environment Co 600323 ¥29.61 ¥33.29 +12%
American States Water Company AWR $88.53 $47.94 −46%
California Water Service Group CWT $50.03 $33.56 −33%
Chongqing Water Group 601158 ¥4.14 ¥2.77 −33%
Beijing Enterprises Water Group 0371 HK$1.74 HK$3.00 +73%
H2O America, through its subsidiaries, HTO $62.57 $25.29 −60%

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Frequently asked questions

Is Chengdu Xingrong Investment Co Ltd (000598) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of ¥9.09 versus a price of ¥7.17, about +27% upside (undervalued).
What is the fair value of 000598?
Our model-based fair value for Chengdu Xingrong Investment Co Ltd is ¥9.09 (as of Sep 1, 2026), built from audited fundamentals. The current price: ¥7.17.
What is the quality score of 000598?
Chengdu Xingrong Investment Co Ltd has a Quality Score of 46/100. 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 Chengdu Xingrong Investment Co Ltd (000598)?
Our model-based price target is the fair value of ¥9.09 (as of Sep 1, 2026) from 26 valuation models. Cautious scenario ¥6.02, optimistic scenario ¥12.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Chengdu Xingrong Investment Co Ltd stock forecast for 2026?
Our models put fair value at ¥9.09, about +27% upside versus a price of ¥7.17 (undervalued). Cautious scenario ¥6.02, optimistic scenario ¥12.16. The calculation is refreshed regularly with new filings.
What is the revenue of Chengdu Xingrong Investment Co Ltd (000598)?
Chengdu Xingrong Investment Co Ltd reported trailing-twelve-month revenue of about 9.1B CNY (latest available figure, as of Sep 1, 2026).
What is the net profit margin of 000598?
The net profit margin of Chengdu Xingrong Investment Co Ltd is about 22.2%, meaning it keeps roughly 22.2% of revenue as net income. Based on the latest reported figures.
Does Chengdu Xingrong Investment Co Ltd pay a dividend?
Chengdu Xingrong Investment Co Ltd currently shows a dividend yield of about 3.28% relative to its recent price (as of Sep 1, 2026).
What growth is priced into Chengdu Xingrong Investment Co Ltd (000598)?
For today's price to be fair in a discounted-cash-flow model, Chengdu Xingrong Investment Co Ltd would have to grow free cash flow by +27.6 % per year for ten years (discount rate 9.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +11.0 % per year. As of Sep 1, 2026.
What discount rate (WACC) does the fair value of 000598 use?
Our models discount Chengdu Xingrong Investment Co Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.27, country premium for China. The same rate applies in all 26 models.
What is the intrinsic value of Chengdu Xingrong Investment Co Ltd (000598)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chengdu Xingrong Investment Co Ltd it is ¥9.09 per share (as of Sep 1, 2026), against a price of ¥7.17. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chengdu Xingrong Investment Co Ltd stock overvalued or undervalued in 2026?
As of Sep 1, 2026, 000598 trades below its calculated fair value: price ¥7.17, fair value ¥9.09, a gap of about +27% (undervalued). 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 000598?
No. The price is what the market pays today (¥7.17); the fair value is what the company's own numbers justify (¥9.09). For Chengdu Xingrong Investment Co Ltd the two are ¥1.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chengdu Xingrong Investment Co Ltd worth?
The market values Chengdu Xingrong Investment Co Ltd at about 21.0B CNY (market capitalisation, as of Sep 1, 2026). Per share that is ¥7.17; our models calculate a fair value of ¥9.09 per share.
What do the bullish and bearish scenarios say about 000598?
Our models span a range for Chengdu Xingrong Investment Co Ltd: cautious scenario ¥6.02, base ¥9.09, optimistic ¥12.16 per share (as of Sep 1, 2026, price ¥7.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000598?
Chengdu Xingrong Investment Co Ltd trades at a price-to-earnings ratio of 10.5 (as of Sep 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥9.09 is built from several models across several years. Other multiples: PEG 0.4, P/B 1.0, P/S 2.3, EV/EBITDA 6.7.
What is the PEG ratio of 000598?
The PEG ratio of Chengdu Xingrong Investment Co Ltd is 0.35 (P/E divided by earnings growth, as of Sep 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Chengdu Xingrong Investment Co Ltd (000598)?
Balance-sheet figures for Chengdu Xingrong Investment Co Ltd (as of Sep 1, 2026): return on equity 9.9%, debt of 0.68 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 000598 from its 52-week high?
Chengdu Xingrong Investment Co Ltd trades at ¥7.17, about 6% below its 52-week high of ¥7.64 and 11% above the low of ¥6.47 (as of Sep 1, 2026). Distance from the high says nothing about value: that is what the fair value of ¥9.09 is for.
Which stocks are comparable to Chengdu Xingrong Investment Co Ltd?
From the same area (Utilities) we also value American Water Works Company, SBS, Essential Utilities, Inc, Guangdong Investment Limited, 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 Chengdu Xingrong Investment Co Ltd stock attractive at the current price?
The data as of Sep 1, 2026: price ¥7.17, calculated fair value ¥9.09 (+27%), Quality Score 46/100, from 26 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 000598 calculated?
We run Chengdu Xingrong Investment Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥9.09, with the spread shown as a cautious and an optimistic scenario.
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