Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Shanxi Lanhua Sci-Tech Venture Co Ltd ¥11.18, price ¥6.99, upside +60.0%, quality 28 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ¥3.67 – ¥12.61 · fair‑value band ¥6.00 – ¥11.18 · the ¥6.99 price screens below the ¥11.18 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Shanxi Lanhua Sci-Tech Venture Co.,Ltd produces and sells coal. It also offers coal chemicals, urea, dimethyl ether, ammonium sulfate, and caprolactam. The company was founded in 1998 and is headquartered in Jincheng, China.
Stock analysis
Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) currently trades at ¥6.99, while our model-based Fair Value estimate is ¥11.18, implying the stock looks roughly 37.5% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥6.88 per share, and 0 of the 4 models we run sit above the ¥6.99 price.
Bear case: the Dividend Discount group reads lowest at ¥4.49, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥6.00 (bear) to ¥11.18 (bull), the price of ¥6.99 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 28/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shanxi Lanhua Sci-Tech Venture Co Ltd reported revenue of 8.1B CNY in FY2025 versus 12.9B CNY in FY2021, a compound −10.9%/yr. Reported net income was −540M CNY in FY2025.
Key figures
Market cap 10.3B CNY (≈ $1.5B) · P/S ratio 1.14 · EPS (TTM) ¥−0.3500 · Dividend yield 5.5% · Net margin −6.6% · Return on equity −5.1% · Return on assets (EBIT) 7.9% · Operating margin 11.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −33% fair-value upside, at 60%, 600123 screens cheaper than that median.
Fair Value models
Bear ¥6.00Fair Value ¥11.18Bull ¥11.18
Price ¥6.99 · Upside +60.0%
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.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.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.9/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−30.4%
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.
−16.8%
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.
+4.2%
Start year 2020 (pandemic). Over 10 years: +6.0% a year
Revenue growth 30 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.
+11.0%
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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.
8.1% (2020) → −6.5% (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
Compare Shanxi Lanhua Sci-Tech Venture 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.Thermal Coal · 84 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets−0.3% · Bottom 25%
Net margin (TTM)−5.8% · Bottom 25%
Operating margin (TTM)11.0% · Below median
Growth and dividend
Revenue growth28.2% · Top 25%
Dividend yield (TTM)5.5% · Top 25%
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Thermal Coal median · lower = cheaper
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). "Shanxi Lanhua Sci-Tech Venture Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600123
Frequently asked questions
Is Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ¥11.18 versus a price of ¥6.99, about +60% upside (undervalued).
What is the fair value of 600123?
Our model-based fair value for Shanxi Lanhua Sci-Tech Venture Co Ltd is ¥11.18 (as of Oct 2, 2026), built from audited fundamentals. The current price: ¥6.99.
What is the quality score of 600123?
Shanxi Lanhua Sci-Tech Venture Co Ltd has a Quality Score of 28/100. 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 Lanhua Sci-Tech Venture Co Ltd (600123)?
Our model-based price target is the fair value of ¥11.18 (as of Oct 2, 2026) from 4 valuation models. Cautious scenario ¥6.00, optimistic scenario ¥11.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanxi Lanhua Sci-Tech Venture Co Ltd stock forecast for 2026?
Our models put fair value at ¥11.18, about +60% upside versus a price of ¥6.99 (undervalued). Cautious scenario ¥6.00, optimistic scenario ¥11.18. The calculation is refreshed regularly with new filings.
What is the revenue of Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)?
Shanxi Lanhua Sci-Tech Venture Co Ltd reported trailing-twelve-month revenue of about 8.9B CNY (latest available figure, as of Oct 2, 2026).
Does Shanxi Lanhua Sci-Tech Venture Co Ltd pay a dividend?
Shanxi Lanhua Sci-Tech Venture Co Ltd currently shows a dividend yield of about 5.45% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanxi Lanhua Sci-Tech Venture Co Ltd it is ¥11.18 per share (as of Oct 2, 2026), against a price of ¥6.99. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Shanxi Lanhua Sci-Tech Venture Co Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 600123 trades below its calculated fair value: price ¥6.99, fair value ¥11.18, a gap of about +60% (undervalued). 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 600123?
No. The price is what the market pays today (¥6.99); the fair value is what the company's own numbers justify (¥11.18). For Shanxi Lanhua Sci-Tech Venture Co Ltd the two are ¥4.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanxi Lanhua Sci-Tech Venture Co Ltd worth?
The market values Shanxi Lanhua Sci-Tech Venture Co Ltd at about 10.3B CNY (market capitalisation, as of Oct 2, 2026). Per share that is ¥6.99; our models calculate a fair value of ¥11.18 per share.
What do the bullish and bearish scenarios say about 600123?
Our models span a range for Shanxi Lanhua Sci-Tech Venture Co Ltd: cautious scenario ¥6.00, base ¥11.18, optimistic ¥11.18 per share (as of Oct 2, 2026, price ¥6.99). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)?
Balance-sheet figures for Shanxi Lanhua Sci-Tech Venture Co Ltd (as of Oct 2, 2026): return on equity −5.1%, debt of 0.64 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 600123 from its 52-week high?
Shanxi Lanhua Sci-Tech Venture Co Ltd trades at ¥6.99, about 5% below its 52-week high of ¥7.39 and 31% above the low of ¥5.34 (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of ¥11.18 is for.
Which stocks are comparable to Shanxi Lanhua Sci-Tech Venture Co Ltd?
From the same area (Energy) we also value China Shenhua Energy Company, Adani Enterprises Limited, Shaanxi Coal Industry Company, Yankuang Energy Group, 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 Lanhua Sci-Tech Venture Co Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price ¥6.99, calculated fair value ¥11.18 (+60%), Quality Score 28/100, from 4 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 600123 calculated?
We run Shanxi Lanhua Sci-Tech Venture Co Ltd through 4 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 ¥11.18, 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 14.5 % above its aggregate fair value. Shanxi Lanhua Sci-Tech Venture Co Ltd currently trades 38 % below its own fair value, and the market average says nothing about that. 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 Lanhua Sci-Tech Venture Co Ltd (600123)?
The closing price on Oct 8, 2026 was ¥6.99. Our model-based fair value is ¥11.18, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanxi Lanhua Sci-Tech Venture Co Ltd right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥6.00 to ¥11.18) leaves room in how you read the outcome.
Where does the earnings growth of Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) come from?
Earnings per share at Shanxi Lanhua Sci-Tech Venture Co Ltd grew +21.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +10.2 %, EBIT margin +14.5 %, tax rate +0.8 %, residual (interest, one-offs) −4.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shanxi Lanhua Sci-Tech Venture Co Ltd
How large is the market capitalisation of Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)?
The market capitalisation of Shanxi Lanhua Sci-Tech Venture Co Ltd is 10.3B CNY (≈ $1.5B). 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 Lanhua Sci-Tech Venture Co Ltd (600123)?
The price-to-sales ratio of Shanxi Lanhua Sci-Tech Venture Co Ltd is 1.14 (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 Lanhua Sci-Tech Venture Co Ltd (600123)?
Earnings per share at Shanxi Lanhua Sci-Tech Venture Co Ltd are ¥−0.3500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)?
The dividend yield of Shanxi Lanhua Sci-Tech Venture Co Ltd is 5.5%. 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 Lanhua Sci-Tech Venture Co Ltd (600123)?
The net margin of Shanxi Lanhua Sci-Tech Venture Co Ltd is −6.6% (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 Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)?
The return on equity (ROE) of Shanxi Lanhua Sci-Tech Venture Co Ltd is −5.1% (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 Lanhua Sci-Tech Venture Co Ltd (600123)?
On an EBIT basis the return on assets of Shanxi Lanhua Sci-Tech Venture Co Ltd is 7.9% (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 Lanhua Sci-Tech Venture Co Ltd (600123)?
The operating margin of Shanxi Lanhua Sci-Tech Venture Co Ltd is 11.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)?
Revenue at Shanxi Lanhua Sci-Tech Venture Co Ltd is growing +28.2% versus a year earlier (3y avg −16.8%). 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 Lanhua Sci-Tech Venture Co Ltd (600123)?
Earnings per share at Shanxi Lanhua Sci-Tech Venture Co Ltd are growing +361% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) generate?
The free cash flow of Shanxi Lanhua Sci-Tech Venture Co Ltd is −8.5B 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 Lanhua Sci-Tech Venture Co Ltd (600123) carry?
The net debt of Shanxi Lanhua Sci-Tech Venture Co Ltd is 7.7B 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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