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Shanxi Coking Coal Energy Group (000983) Fair Value & Analysis

Energy · CN · Market cap 40.0B CNY

SC Shanxi Coking Coal Energy Group 000983 · SHE
Price¥6.61
Fair Value¥4.50
Upside-31.9%
Quality42/100
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Weak Growth
Thin margins · 3.6% net margin
Moderate debt · generates free cash flow
1.69% dividend yield
Trails peers (5/15)
Narrow moat 31/100
Evidence: Medium Range ¥3.38 – ¥5.62 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from ¥4.27 to ¥4.50 (+5.5%) since Jun 25, 2026. Share price +7.3% over the past month.

Below-average quality, and screening another 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.62). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥11.97 ¥3.30 Fair Value ¥4.50 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 ¥3.30 – ¥11.97 · fair‑value band ¥3.38 – ¥5.62 · the ¥6.61 price screens above the ¥4.50 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

Shanxi Coking Coal Energy Group (000983) currently trades at ¥6.61, while our model-based Fair Value estimate is ¥4.50, implying the stock looks roughly 31.9% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Shanxi Coking Coal Energy Group generated revenue of 37.0B CNY at a net margin of 3.6%. Revenue declined 1.8% year over year. It earns a return on equity of 4.0%. Net debt stands at 14.8B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥3.38 (bear case) to ¥5.62 (bull case); at ¥6.61, the current price sits above 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 19% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at -32%, 000983 screens richer 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
Growth DCF ¥4.80 ¥9.27 ¥16.43 80
Residual Income ¥4.63 ¥4.52 ¥3.90 76
Rev-Margin DCF ¥3.61 ¥7.27 ¥11.71 74
All 24 models by family
DCF Models
FCF DCF ¥4.75 ¥9.34 ¥16.74 38
Owner Earnings ¥3.52 ¥7.32 ¥13.42 31
5Y Revenue Exit ¥3.61 ¥7.29 ¥12.07 39
5Y EBITDA Exit ¥3.89 ¥7.83 ¥12.53 41
5Y P/E Exit ¥1.41 ¥3.02 ¥4.69 38
10Y Revenue Exit ¥3.77 ¥7.30 ¥12.24 36
10Y EBITDA Exit ¥4.13 ¥7.68 ¥12.61 37
10Y P/E Exit ¥2.52 ¥4.27 ¥6.40 35
Earnings-Based
Graham-Dodd ¥1.44 ¥5.35 ¥7.23 54
Lynch FV ¥1.29 ¥1.84 ¥2.39 50
PEG = 1.0 ¥1.29 ¥1.84 ¥2.39 46
EPV ¥1.63 ¥2.28 ¥2.86 59
Multiples
P/E Multiple ¥2.22 ¥2.96 ¥3.70 63
P/S Multiple ¥2.70 ¥3.60 ¥4.49 58
P/B Multiple ¥2.70 ¥3.60 ¥4.49 55
EV/EBIT ¥2.88 ¥4.60 ¥6.32 53
EV/EBITDA ¥4.07 ¥6.19 ¥8.31 54
EV/Revenue ¥3.21 ¥5.57 ¥7.92 43
Asset-Based
NCAV (Graham) ¥3.16 ¥4.24 ¥6.32 50
Growth DCF
Growth DCF ¥4.80 ¥9.27 ¥16.43 80
Rev-Margin DCF ¥3.61 ¥7.27 ¥11.71 74
Economic Profit
Residual Income ¥4.63 ¥4.52 ¥3.90 76
ROIC Compounder ¥1.63 ¥2.28 ¥2.86 72
Growth Earnings
Growth-Adj P/E ¥1.90 ¥2.71 ¥3.53 68

Widest divergence: DCF Models (¥7.30) versus Earnings-Based (¥1.84). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 37.0B CNY
Revenue growth (YoY) -1.8%
Net margin 3.6%
Return on equity 4.0%
Free cash flow 3.3B CNY FY2025
P/E ratio 30.7
More key figures
Operating margin 12.3%
EPS (TTM) ¥0.2300
Dividend yield 1.7%
EPS growth (YoY) +18.6%
Net debt 14.8B CNY FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 42 · Market factors (momentum, volatility) 49

Profitability 22
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 49
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

Shanxi Coking Coal Energy Group Co., Ltd. produces and cells coal products in China. The company offers coking coal, fat coal, gas coal, lean coal, and meager lean coal; and fined coal for metallurgy industry, powdered coal injection, steam coal, screen mixed coal, and coke. It also operates coal fueled-power plants.

Full company description

Shanxi Coking Coal Energy Group Co., Ltd. produces and cells coal products in China. The company offers coking coal, fat coal, gas coal, lean coal, and meager lean coal; and fined coal for metallurgy industry, powdered coal injection, steam coal, screen mixed coal, and coke. It also operates coal fueled-power plants. The company was formerly known as Shanxi Xishan Coal and Electricity Power Co.,Ltd. and changed its name to Shanxi Coking Coal Energy Group Co.,Ltd. in December 2020. The company was founded in 1956 and is headquartered in Taiyuan, Shanxi. Shanxi Coking Coal Energy Group Co., Ltd. operates as a subsidiary of Shanxi Coal Group Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanxi Coking Coal Energy Group reported revenue of ¥37.2B in FY2025 versus ¥54.2B in FY2021, a compound −9.0%/yr. Reported net income was ¥1.2B in FY2025, compounding −30.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
37.2B CNY
Latest YoY
−18.0%
Avg. growth/yr (3Y)
−17.1%
Avg. growth/yr (5Y)
+1.9%
Avg. growth/yr (28Y)
+13.0%
Revenue −9.0%/yr
FY21 ¥54.2B
FY22 ¥65.2B
FY23 ¥55.5B
FY24 ¥45.3B
FY25 ¥37.2B
Net income −30.3%/yr
FY21 ¥5.1B
FY22 ¥10.8B
FY23 ¥6.8B
FY24 ¥3.1B
FY25 ¥1.2B

000983 screens 32% overvalued. Compare with China Shenhua Energy Company →

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Cite: Fair Value Calculator (2026). "Shanxi Coking Coal Energy Group Fair Value". https://www.fairvalue-calculator.com/stock/000983

Peer Group

Thermal Coal · 101 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 42 · Below median
Fair Value upside −32% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth -2% · Below median
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.69× · Higher than 75% of peers

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 30.7× · Pricier than 75% of peers
P/B 1.11× · Cheaper than median
P/S (TTM) 1.08× · Pricier than median
P/FCF 1.8× · Cheaper than median
EV/EBITDA 7.0× · Pricier than median
PEG 0.54× · 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 0 · sector 27
FUTURE 0 · sector 0
PAST 16 · sector 21
HEALTH 66 · sector 92
DIVIDEND 34 · sector 31

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

Coal Oil & gas

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

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

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Frequently asked questions

Is Shanxi Coking Coal Energy Group (000983) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥4.50 versus a price of ¥6.61, about −32% (overvalued).
What is the fair value of 000983?
Our model-based fair value for Shanxi Coking Coal Energy Group is ¥4.50 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥6.61.
What is the quality score of 000983?
Shanxi Coking Coal Energy Group has a Quality Score of 42/100. 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 Shanxi Coking Coal Energy Group (000983)?
Shanxi Coking Coal Energy Group reported trailing-twelve-month revenue of about 37.0B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000983?
The net profit margin of Shanxi Coking Coal Energy Group is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does Shanxi Coking Coal Energy Group pay a dividend?
Shanxi Coking Coal Energy Group currently shows a dividend yield of about 1.69% relative to its recent price (as of Jul 21, 2026).

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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