Perennial Energy Holdings Ltd (2798) Fair Value & Analysis
Basic Materials · HK · Market cap HK$1.2B
Fair value as of: Aug 13, 2026
From 8 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$0.6100 to HK$1.22 (+100.0%) since Aug 5, 2026. Share price +3.2% over the past month.
Below-average quality, screening 50% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (26/100). That raises the risk this is a value trap rather than a bargain.
- The model range is unusually wide (HK$0.6200 to HK$1.84). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$0.5637 – HK$13.96 · fair‑value band HK$0.6200 – HK$1.84 · the HK$0.8150 price screens below the HK$1.22 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Perennial Energy Holdings Ltd (2798) currently trades at HK$0.8150, while our model-based Fair Value estimate is HK$1.22, implying the stock looks roughly 49.7% undervalued today. The Quality Score stands at 26/100 (below-average quality), in the Basic Materials 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, Perennial Energy Holdings Ltd generated revenue of HK$1.2B at a net margin of -16.4%. Revenue declined 26.7% year over year. It earns a return on equity of -6.5%. Net debt stands at HK$967M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.6200 (bear case) to HK$1.84 (bull case); at HK$0.8150, 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 36% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at 50%, 2798 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.
All 8 models by family
Widest divergence: Asset-Based (HK$1.24) versus Dividend Discount (HK$0.0900). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 29 · Market factors (momentum, volatility) 33
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
Perennial Energy Holdings Limited, an investment holding company, engages in the exploration and mining of coking coal in the People's Republic of China. It offers clean, middling, and sludge, as well as coalbed methane gas. The company also operates a coal refinery.
Full company description
Perennial Energy Holdings Limited, an investment holding company, engages in the exploration and mining of coking coal in the People's Republic of China. It offers clean, middling, and sludge, as well as coalbed methane gas. The company also operates a coal refinery. In addition, it operates underground coal mines, comprising Hongguo Coal Mine, Baogushan Coal Mine, and Xiejiahegou Coal Mine located in Panzhou City, Guizhou Province. The company was incorporated in 2017 and is headquartered in Liupanshui, China. Perennial Energy Holdings Limited operates as a subsidiary of Spring Snow Management, LTD.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Perennial Energy Holdings Ltd reported revenue of HK$1.2B in FY2025 versus HK$1.5B in FY2021, a compound −5.9%/yr. Reported net income was −HK$198M in FY2025.
of which total revenue +18.8 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch 2798: get an alert when its fair value changes →
Peer Group
Coking Coal · 28 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 Multiples vs Coking Coal median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Coking Coal stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Alamtri Minerals Indonesia Tbk, ADMR | 1,615 IDR | 1,251 IDR | -23% |
| Warrior Met Coal, Inc HCC | $96.72 | $18.35 | -81% |
| Shanxi Meijin Energy Co 000723 | ¥3.62 | ¥1.24 | -66% |
| Alpha Metallurgical Resources, Inc AMR | $159.52 | $45.15 | -72% |
| Shougang Fushan Resources Group 0639 | HK$2.68 | HK$2.34 | -13% |
| Shanxi Coking Co 600740 | ¥3.59 | ¥1.75 | -51% |
| Kailuan Energy Chemical Co 600997 | ¥5.50 | ¥1.72 | -69% |
| Baotailong New Materials Co 601011 | ¥2.66 | ¥1.32 | -50% |
| SunCoke Energy, Inc SXC | $9.26 | $3.67 | -60% |
| Ramaco Resources, Inc METC | $10.91 | $1.80 | -84% |
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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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