PetroChina Jinhong Energy Investment Co Ltd (000669) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PetroChina Jinhong Energy Investment Co Ltd ¥4.06, price ¥4.20, upside -3.3%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥1.28 – ¥5.48 · fair‑value band ¥2.84 – ¥11.16 · the ¥4.20 price screens above the ¥4.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Jinhong Holding Group Co., Ltd. constructs and manages long-distance natural gas pipeline networks. The company offers liquefied natural gas and petroleum gas.
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Jinhong Holding Group Co., Ltd. constructs and manages long-distance natural gas pipeline networks. The company offers liquefied natural gas and petroleum gas. It also engages in development and transportation of gas source; operation and sale of city gas; investment and operation of vehicle gas stations; supply and distribution of LNG point; and development and construction of energy projects, as well as construction and sale of equipment. In addition, it offers household pipeline engineering installation services. The company was formerly known as PetroChina Jinhong Energy Investment Co.,Ltd. and changed its name to Jinhong Holding Group Co., Ltd. in September 2017. Jinhong Holding Group Co., Ltd. was founded in 1992 and is based in Hengyang, China.
Stock analysis
PetroChina Jinhong Energy Investment Co Ltd (000669) currently trades at ¥4.20, while our model-based Fair Value estimate is ¥4.06, implying the stock looks roughly 3.4% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥3.53 per share, and 4 of the 24 models we run sit above the ¥4.20 price.
Bear case: the Multiples group reads lowest at ¥0.5300, and 20 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥2.84 (bear) to ¥11.16 (bull), the price of ¥4.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
PetroChina Jinhong Energy Investment Co Ltd reported revenue of 1.2B CNY in FY2025 versus 2.0B CNY in FY2021, a compound −10.8%/yr. Reported net income was 27.4M CNY in FY2025.
Key figures
Market cap 2.9B CNY (≈ $426M) · P/E ratio 70.0 · P/S ratio 1.53 · EPS (TTM) ¥0.0600 · Dividend yield 1.4% · Net margin 2.2% · Return on equity 31.5% · Return on assets (EBIT) −8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −3%, 000669 screens cheaper than that median.
Fair Value models
Bear ¥2.84Fair Value ¥4.06Bull ¥11.16
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0441 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−11.5%
Start year 2020 (pandemic). Over 10 years: −7.0% a year
Revenue growth 32 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+16.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.0%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘ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.15% vs −20%, picking up
Profit margin 2020 to 2025 ⓘ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.7% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 7.0%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +7.2% a year for the price.
Compare PetroChina Jinhong Energy Investment Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Communication Equipment · 316 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−3% · Above median
Profitability
Return on equity (TTM)32% · Top 25%
Return on assets1% · Below median
Net margin (TTM)3% · Above median
Operating margin (TTM)5% · Above median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)1.4% · Above median
Balance sheet
Debt / equity2.71× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (TTM)70.0× · Pricier than median
P/B47.68× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "PetroChina Jinhong Energy Investment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000669
Frequently asked questions
Is PetroChina Jinhong Energy Investment Co Ltd (000669) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥4.06 versus a price of ¥4.20, about −3% upside (fairly valued).
What is the fair value of 000669?
Our model-based fair value for PetroChina Jinhong Energy Investment Co Ltd is ¥4.06 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥4.20.
What is the quality score of 000669?
PetroChina Jinhong Energy Investment Co Ltd has a Quality Score of 55/100. 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 PetroChina Jinhong Energy Investment Co Ltd (000669)?
Our model-based price target is the fair value of ¥4.06 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ¥2.84, optimistic scenario ¥11.16. It is a calculation from audited fundamentals, not an analyst target.
What is the PetroChina Jinhong Energy Investment Co Ltd stock forecast for 2026?
Our models put fair value at ¥4.06, about −3% upside versus a price of ¥4.20 (fairly valued). Cautious scenario ¥2.84, optimistic scenario ¥11.16. The calculation is refreshed regularly with new filings.
What is the revenue of PetroChina Jinhong Energy Investment Co Ltd (000669)?
PetroChina Jinhong Energy Investment Co Ltd reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Sep 24, 2026).
Does PetroChina Jinhong Energy Investment Co Ltd pay a dividend?
PetroChina Jinhong Energy Investment Co Ltd currently shows a dividend yield of about 1.38% relative to its recent price (as of Sep 24, 2026).
What growth is priced into PetroChina Jinhong Energy Investment Co Ltd (000669)?
For today's price to be fair in a discounted-cash-flow model, PetroChina Jinhong Energy Investment Co Ltd would have to grow free cash flow by +9.0 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 000669 use?
Our models discount PetroChina Jinhong Energy Investment Co Ltd at 10.6 %: a base by market capitalisation (small), damped by beta 0.55, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PetroChina Jinhong Energy Investment Co Ltd that is +9.0 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has PetroChina Jinhong Energy Investment Co Ltd (000669) delivered so far?
Over the past 5 years revenue at PetroChina Jinhong Energy Investment Co Ltd grew -11.5 % a year. The price currently implies +9.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PetroChina Jinhong Energy Investment Co Ltd (000669) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into PetroChina Jinhong Energy Investment Co Ltd (+9.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The free-cash-flow yield on the price is 6.99 %: that much free cash flow PetroChina Jinhong Energy Investment Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PetroChina Jinhong Energy Investment Co Ltd (000669)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PetroChina Jinhong Energy Investment Co Ltd it is ¥4.06 per share (as of Sep 24, 2026), against a price of ¥4.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is PetroChina Jinhong Energy Investment Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 000669 trades above its calculated fair value: price ¥4.20, fair value ¥4.06, a gap of about −3% (fairly valued). 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 000669?
No. The price is what the market pays today (¥4.20); the fair value is what the company's own numbers justify (¥4.06). For PetroChina Jinhong Energy Investment Co Ltd the two are ¥0.1400 per share apart. That gap is exactly why we show both numbers side by side.
How much is PetroChina Jinhong Energy Investment Co Ltd worth?
The market values PetroChina Jinhong Energy Investment Co Ltd at about 2.9B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥4.20; our models calculate a fair value of ¥4.06 per share.
What do the bullish and bearish scenarios say about 000669?
Our models span a range for PetroChina Jinhong Energy Investment Co Ltd: cautious scenario ¥2.84, base ¥4.06, optimistic ¥11.16 per share (as of Sep 24, 2026, price ¥4.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000669?
PetroChina Jinhong Energy Investment Co Ltd trades at a price-to-earnings ratio of 70.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥4.06 is built from several models across several years. Other multiples: P/B 47.7, P/S 2.3, EV/EBITDA 55.7.
How solid is the balance sheet of PetroChina Jinhong Energy Investment Co Ltd (000669)?
Balance-sheet figures for PetroChina Jinhong Energy Investment Co Ltd (as of Sep 24, 2026): return on equity 31.5%, debt of 2.71 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 000669 from its 52-week high?
PetroChina Jinhong Energy Investment Co Ltd trades at ¥4.20, about 23% below its 52-week high of ¥5.48 and 51% above the low of ¥2.78 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.06 is for.
Which stocks are comparable to PetroChina Jinhong Energy Investment Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, 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 PetroChina Jinhong Energy Investment Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥4.20, calculated fair value ¥4.06 (−3%), Quality Score 55/100, from 24 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 000669 calculated?
We run PetroChina Jinhong Energy Investment Co Ltd through 24 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 ¥4.06, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. PetroChina Jinhong Energy Investment Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The closing price on Sep 24, 2026 was ¥4.20. Our model-based fair value is ¥4.06, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PetroChina Jinhong Energy Investment Co Ltd right now?
The model range is unusually wide (¥2.84 to ¥11.16). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of PetroChina Jinhong Energy Investment Co Ltd
How large is the market capitalisation of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The market capitalisation of PetroChina Jinhong Energy Investment Co Ltd is 2.9B CNY (≈ $426M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The price-to-sales ratio of PetroChina Jinhong Energy Investment Co Ltd is 1.53 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PetroChina Jinhong Energy Investment Co Ltd (000669)?
Earnings per share at PetroChina Jinhong Energy Investment Co Ltd are ¥0.0600 (price ÷ EPS = P/E 70.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The dividend yield of PetroChina Jinhong Energy Investment Co Ltd is 1.4% (payout 96.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The net margin of PetroChina Jinhong Energy Investment Co Ltd is 2.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The return on equity (ROE) of PetroChina Jinhong Energy Investment Co Ltd is 31.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PetroChina Jinhong Energy Investment Co Ltd (000669)?
On an EBIT basis the return on assets of PetroChina Jinhong Energy Investment Co Ltd is −8.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PetroChina Jinhong Energy Investment Co Ltd (000669)?
The operating margin of PetroChina Jinhong Energy Investment Co Ltd is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PetroChina Jinhong Energy Investment Co Ltd (000669)?
Revenue at PetroChina Jinhong Energy Investment Co Ltd is growing +3.7% versus a year earlier (3y avg −0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does PetroChina Jinhong Energy Investment Co Ltd (000669) carry?
The net debt of PetroChina Jinhong Energy Investment Co Ltd is 613M CNY (fiscal year 2025, ≈ 3.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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