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Shanxi Meijin Energy Co Ltd (000723) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Shanxi Meijin Energy Co Ltd stock ¥2.48, price ¥3.29, that is 24.6% below the price, quality 38 out of 100. Rating: overvalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CN · ISIN CNE0000005J2

SM Shanxi Meijin Energy Co Ltd logo Thin data Nov 7, 2026

Shanxi Meijin Energy Co Ltd

000723 · SHE
Expensive, weak quality

Our calculation puts a fair price 25% below what the stock costs today.

Low debt
Mixed Growth (revenue 5y +6.9 %/yr in CNY)
Fair value ¥2.48 · Overvalued
Quality 38/100
Loss-making · -5.7% net margin (TTM)
Negative free cash flow
Trails peers (2/12)
Narrow moat 7/100 · thin data
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

¥19.05 ¥3.12 Fair Value ¥2.48 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range ¥3.12 – ¥19.05 · fair‑value band ¥1.36 – ¥3.60 · the ¥3.29 price screens above the ¥2.48 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. As of Nov 7, 2026.

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Company profile

Shanxi Meijin Energy Co.,Ltd. produces and sells coking coal and coking by-products in China.

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The company is involved in the production and sales of coal, coking, natural gas, chemical products, new energy vehicles, including hydrogen fuel cell vehicles; ethylene glycol, and carbon black; chemical products; pig iron, coke, coke powder, dedusting ash, coke oven gas, coal tar, crude benzene/light benzene, ammonium sulfate, sulfur, provides power media, including compressed air, steam, nitrogen, electricity, and desalted; urea and LNG products; metal materials and steel products.

It also provides energy-saving control products, mechanical and electrical products, and electrical products. The company was founded in 1981 and is based in Taiyuan, China.

Stock analysis

Shanxi Meijin Energy Co Ltd (000723) currently trades at ¥3.29, while our model-based Fair Value estimate is ¥2.48, 25% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 89/100, which puts the data coverage at low.

Scenario range: ¥1.36 (bear) to ¥3.60 (bull), the price of ¥3.29 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 38/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Spin-off in 2007: revenue and profit before it include the divested business. Growth is measured afresh from 2007.

Shanxi Meijin Energy Co Ltd reported revenue of 18.0B CNY in FY2025 versus 21.4B CNY in FY2021, a compound −4.2%/yr. Reported net income was −1.1B CNY in FY2025.

Key figures

Market cap 14.5B CNY (≈ $2.2B) Mid · P/S ratio 0.80 · EPS (TTM) ¥−0.2400 · Dividend yield 2.6% · Net margin −5.7% · Return on equity −6.6% · Return on assets (EBIT) 3.6% (5-year average) · Operating margin −8.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 7 out of 100 (low confidence).

What moves the price

The share trades about 44% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −25%, 000723 screens richer than that median.

Fair Value models

Bear ¥1.36 Fair Value ¥2.48 Bull ¥3.60
Price ¥3.29 · Downside -24.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
EV/EBITDA ¥0.6800 ¥1.24 ¥1.80 65
NCAV (Graham) ¥1.15 ¥1.53 ¥2.29 54
All 2 models by family
Multiples
EV/EBITDA ¥0.6800 ¥1.24 ¥1.80 65
Asset-Based
NCAV (Graham) ¥1.15 ¥1.53 ¥2.29 54

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 8
How much profit the company makes from its sales and capital
Quality Growth 44
Are margins and returns getting better?
Cashflow 16
Do the profits arrive as real cash?
Financial strength 34
Debt, balance sheet and risk of trouble
Investment 75
Does it invest with discipline instead of growing at any price?
Low Volatility 61
How calm the share price moves, does not count
Price momentum 16
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 89
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 55/100
Spin-off in 2007: revenue and profit before it include the divested business. Growth is measured afresh from 2007.
Revenue growth 1 year
−5.6%
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.
−9.9%
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.
+6.9%
Start year 2020 (pandemic). Over 10 years: +12.2% a year
Revenue growth 18 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.
+18.8%
Profit margin (trend) ⓘ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.
9.1% (2020) → −3.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

000723 screens overvalued: fair value 25% below the price. Compare with Warrior Met Coal, Inc →

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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.Coking Coal · 20 stocks

Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Below median
Fair Value upside −24.6% · Below median
Profitability
Return on assets −2.7% · Below median
Net margin (12 months) −5.7% · Below median
Operating margin (12 months) −8.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 5.4% · Below median
Dividend yield (12 months) 2.6% · Top 25%
Balance sheet
Debt / equity 0.49× · Highest 25%

Valuation Multiplesvs Coking Coal median · lower = cheaper

P/B 1.11× · Pricier than median
P/S (12 months) 0.79× · Cheaper than median
EV/EBITDA 12.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)1 · sector 7
FUTURE (revenue growth)27 · sector 62
PAST (return on equity)0 · sector 0
HEALTH (low debt)76 · sector 89
DIVIDEND (yield)52 · sector 25

Context: sector, industry, market

Values & ESG

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

Coal

Similar stocks

10 more Coking Coal stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Shougang Fushan Resources Group 0639 HK$2.88 HK$3.68 +28% vs 000723
Kailuan Energy Chemical Co 600997 ¥5.57 ¥6.12 +10% vs 000723
Baotailong New Materials Co 601011 ¥2.60 ¥2.64 +2% vs 000723
PT Alamtri Minerals Indonesia Tbk, ADMR 1,320 IDR 1,238 IDR −6% vs 000723
Mongolian Mining Corporation 0975 HK$7.13 HK$5.60 −21% vs 000723
Shanxi Coking Co 600740 ¥3.58 ¥2.38 −34% vs 000723
Alpha Metallurgical Resources, Inc AMR $147.93 $92.08 −38% vs 000723
SunCoke Energy, Inc SXC $9.80 $5.64 −42% vs 000723
Coronado Global Resources Inc CODQL $0.1050 $0.0400 −62% vs 000723
Warrior Met Coal, Inc HCC $84.15 $28.76 −66% vs 000723

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Shanxi Meijin Energy Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shanxi Meijin Energy Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000723

Frequently asked questions

Is Shanxi Meijin Energy Co Ltd (000723) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥2.48 versus a price of ¥3.29, about 25% lower (overvalued).
What is the fair value of 000723?
Our model-based fair value for Shanxi Meijin Energy Co Ltd is ¥2.48 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥3.29.
What is the quality score of 000723?
Shanxi Meijin Energy Co Ltd has a Quality Score of 38/100. 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 Shanxi Meijin Energy Co Ltd (000723)?
Our model-based price target is the fair value of ¥2.48 (as of Nov 7, 2026) from 2 valuation models. Cautious scenario ¥1.36, optimistic scenario ¥3.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanxi Meijin Energy Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.48, about 25% lower versus a price of ¥3.29 (overvalued). Cautious scenario ¥1.36, optimistic scenario ¥3.60. The calculation is refreshed regularly with new filings.
What is the revenue of Shanxi Meijin Energy Co Ltd (000723)?
Shanxi Meijin Energy Co Ltd reported trailing-twelve-month revenue of about 18.3B CNY (latest available figure, as of Nov 7, 2026).
Does Shanxi Meijin Energy Co Ltd pay a dividend?
Shanxi Meijin Energy Co Ltd currently shows a dividend yield of 2.60% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Shanxi Meijin Energy Co Ltd (000723)?
Shanxi Meijin Energy Co Ltd has a dividend yield of 2.6%.
What is the intrinsic value of Shanxi Meijin Energy Co Ltd (000723)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanxi Meijin Energy Co Ltd it is ¥2.48 per share (as of Nov 7, 2026), against a price of ¥3.29. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Shanxi Meijin Energy Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 000723 trades above its calculated fair value: price ¥3.29, fair value ¥2.48, a gap of about −25% (overvalued). 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 000723?
No. The price is what the market pays today (¥3.29); the fair value is what the company's own numbers justify (¥2.48). For Shanxi Meijin Energy Co Ltd the two are ¥0.8100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanxi Meijin Energy Co Ltd worth?
The market values Shanxi Meijin Energy Co Ltd at about 14.5B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥3.29; our models calculate a fair value of ¥2.48 per share.
What do the bullish and bearish scenarios say about 000723?
Our models span a range for Shanxi Meijin Energy Co Ltd: cautious scenario ¥1.36, base ¥2.48, optimistic ¥3.60 per share (as of Nov 7, 2026, price ¥3.29). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 000723?
The PEG ratio of Shanxi Meijin Energy Co Ltd is 2.73 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Shanxi Meijin Energy Co Ltd (000723)?
Balance-sheet figures for Shanxi Meijin Energy Co Ltd (as of Nov 7, 2026): return on equity −6.6%, debt of 0.49 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 000723 from its 52-week high?
Shanxi Meijin Energy Co Ltd trades at ¥3.29, about 44% below its 52-week high of ¥5.85 and 5% above the low of ¥3.12 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.48 is for.
Which stocks are comparable to Shanxi Meijin Energy Co Ltd?
From the same area (Basic Materials) we also value Warrior Met Coal, Inc, PT Alamtri Minerals Indonesia Tbk,, Coronado Global Resources Inc, Alpha Metallurgical Resources, 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 Shanxi Meijin Energy Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ¥3.29, calculated fair value ¥2.48 (−25%), Quality Score 38/100, from 2 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 000723 calculated?
We run Shanxi Meijin Energy Co Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥2.48 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Shanxi Meijin Energy 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 Shanxi Meijin Energy Co Ltd (000723)?
The closing price on Nov 9, 2026 was ¥3.29. Our model-based fair value is ¥2.48, about 25% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanxi Meijin Energy Co Ltd right now?
Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥1.36 to ¥3.60). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Shanxi Meijin Energy Co Ltd

How large is the market capitalisation of Shanxi Meijin Energy Co Ltd (000723)?
The market capitalisation of Shanxi Meijin Energy Co Ltd is 14.5B CNY (≈ $2.2B). 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 Shanxi Meijin Energy Co Ltd (000723)?
The price-to-sales ratio of Shanxi Meijin Energy Co Ltd is 0.80 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shanxi Meijin Energy Co Ltd (000723)?
Earnings per share at Shanxi Meijin Energy Co Ltd are ¥−0.2400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanxi Meijin Energy Co Ltd (000723)?
The dividend yield of Shanxi Meijin Energy Co Ltd is 2.6%. 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 Shanxi Meijin Energy Co Ltd (000723)?
The net margin of Shanxi Meijin Energy Co Ltd is −5.7% (last twelve months). 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 Shanxi Meijin Energy Co Ltd (000723)?
The return on equity (ROE) of Shanxi Meijin Energy Co Ltd is −6.6% (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 Shanxi Meijin Energy Co Ltd (000723)?
On an EBIT basis the return on assets of Shanxi Meijin Energy Co Ltd is 3.6% (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 Shanxi Meijin Energy Co Ltd (000723)?
The operating margin of Shanxi Meijin Energy Co Ltd is −8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanxi Meijin Energy Co Ltd (000723)?
Revenue at Shanxi Meijin Energy Co Ltd is growing +5.4% versus a year earlier (3y avg −9.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shanxi Meijin Energy Co Ltd (000723)?
Earnings per share at Shanxi Meijin Energy Co Ltd are growing −2.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanxi Meijin Energy Co Ltd (000723) generate?
The free cash flow of Shanxi Meijin Energy Co Ltd is −461M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shanxi Meijin Energy Co Ltd (000723) carry?
The net debt of Shanxi Meijin Energy Co Ltd is 4.4B CNY (fiscal year 2025). 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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