Guangzhou Development Group Inc (600098) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Guangzhou Development Group Inc ¥6.11, price ¥6.18, upside -1.2%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Guangzhou Development Group Inc
600098 · SHGLow PriorityFair Value upside is limited and quality is weak.
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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 ¥4.91 – ¥9.05 · fair‑value band ¥4.58 – ¥7.64 · the ¥6.18 price screens above the ¥6.11 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 24, 2026.
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Company profile
Guangzhou Development Group Incorporated, together with its subsidiaries, engages in the integrated energy business in China and internationally. The company operates through six segments: Coal-Fired Power Generation and Heating; Natural Gas Power and Heat; New Energy and Energy Storage; Gas; Energy Logistics; and Others.
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Guangzhou Development Group Incorporated, together with its subsidiaries, engages in the integrated energy business in China and internationally. The company operates through six segments: Coal-Fired Power Generation and Heating; Natural Gas Power and Heat; New Energy and Energy Storage; Gas; Energy Logistics; and Others. It is involved in the development, investment, construction, and operation management of energy projects; new energy power generation, energy storage, and electricity sale and services; and upstream gas source investment and procurement, midstream transportation and receiving, and downstream distribution and sales, as well as urban gas pipeline construction. The company also engages in the investment and operation of coal, oil, ports, shipping, and hazardous chemical storage, as well as leasing oil tanks and supporting facilities; and provision of energy finance services. In addition, it is involved in asset management; aerated concrete; management services; photovoltaic and wind power electricity generation; sewage treatment; port loading and unloading; warehousing; gas meter production; sale of coal; agricultural product sale; coastal cargo transportation; and electricity, heat, gas, and water production and supply. The company was incorporated in 1997 and is based in Guangzhou, China. Guangzhou Development Group Incorporated operates as a subsidiary of Guangzhou Industrial Investment Holdings Group.
Stock analysis
Guangzhou Development Group Inc (600098) currently trades at ¥6.18, while our model-based Fair Value estimate is ¥6.11, implying the stock looks roughly 1.2% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥11.25 per share, and 11 of the 16 models we run sit above the ¥6.18 price.
Bear case: the Asset-Based group reads lowest at ¥5.20, and 5 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥4.58 (bear) to ¥7.64 (bull), the price of ¥6.18 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 43/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Guangzhou Development Group Inc reported revenue of 50.9B CNY in FY2025 versus 38.0B CNY in FY2021, a compound +7.6%/yr. Reported net income was 2.3B CNY in FY2025, compounding +91.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 21.7B CNY (≈ $3.2B) · P/E ratio 9.1 · P/S ratio 0.41 · EPS (TTM) ¥0.6800 · Dividend yield 5.7% · Net margin 4.6% · Return on equity 8.5% · Return on assets (EBIT) 2.2%.
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 26% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −1%, 600098 screens cheaper than that median.
Fair Value models
All 16 models by family
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Set up alert →Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 43
Revenue & earnings trend
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Compare Guangzhou Development Group Inc with another stock
Price, fair value, quality and upside side by side.
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.Thermal Coal · 100 stocks
Valuation Multiplesvs Thermal Coal median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Thermal Coal stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥47.21 | ¥31.96 | −32% |
| PT Bayan Resources Tbk., BYAN | 12,300 IDR | 4,674 IDR | −62% |
| Adani Enterprises Limited ADANIENT | ₹2,993 | ₹891.11 | −70% |
| Shaanxi Coal Industry Company 601225 | ¥25.68 | ¥28.25 | +10% |
| Yankuang Energy Group 600188 | ¥19.77 | ¥12.45 | −37% |
| Coal India Limited COALINDIA | ₹424.55 | ₹464.01 | +9% |
| China Coal Energy Company 601898 | ¥14.23 | ¥14.62 | +3% |
| PT Dian Swastatika Sentosa Tbk, DSSA | 1,070 IDR | 355.01 IDR | −67% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥28.24 | ¥20.48 | −27% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥15.38 | ¥9.97 | −35% |
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Key figures of Guangzhou Development Group Inc
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