Changchun Gas Co (600333) Fair Value & Analysis
Utilities · CN · Market cap 3.7B CNY
Fair value as of: Aug 8, 2026
From 12 valuation models · updated 2 days ago
Fair value updated Aug 8, 2026, revised from ¥1.18 to ¥2.36 (+100.0%) since Jul 11, 2026. Share price +10.6% over the past month.
A solid business, but screening 61% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥4.42). The favourable scenario is already priced in.
- The model range is unusually wide (¥0.4720 to ¥4.42). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥3.39 – ¥8.00 · fair‑value band ¥0.4720 – ¥4.42 · the ¥6.04 price screens above the ¥2.36 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Changchun Gas Co (600333) currently trades at ¥6.04, while our model-based Fair Value estimate is ¥2.36, implying the stock looks roughly 60.9% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Utilities 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, Changchun Gas Co generated revenue of 2.5B CNY at a net margin of 0.5%. Revenue grew 3.2% year over year. It earns a return on equity of 1.2%. Net debt stands at 1.8B CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥0.4720 (bear case) to ¥4.42 (bull case); at ¥6.04, 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 27% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at -61%, 600333 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.
All 12 models by family
Widest divergence: DCF Models (¥2.76) versus Multiples (¥0.5700). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 53
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
Changchun Gas Co,.Ltd produces and sells of natural gas in China. The company offers coal, coke, coal tar, and natural gas products.
Full company description
Changchun Gas Co,.Ltd produces and sells of natural gas in China. The company offers coal, coke, coal tar, and natural gas products. It is also involved in the power project development, gas management, production and sales of fuel appliances, supply of liquefied gas, coal tar deep processing, gas engineering installation, and engineering material sale activities. In addition, the company produces and sells of crude benzene; sells gas direct-fired air conditioner; coal and its products; sand and gravel for boilers; and real estate leasing services. The company was founded in 1924 and is headquartered in Changchun, China. Changchun Gas Co,.Ltd operates as a subsidiary of Changchun Changgang Gas Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Changchun Gas Co reported revenue of ¥2.5B in FY2025 versus ¥1.8B in FY2021, a compound +8.2%/yr. Reported net income was −¥8.9M in FY2025.
600333 screens 61% overvalued. Compare with Naturgy Energy Group →
Peer Group
Utilities - Regulated Gas · 104 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 Utilities - Regulated Gas 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €28.84 | €35.80 | +24% |
| Atmos Energy Corporation ATO | $177.68 | $85.67 | -52% |
| NiSource Inc NI | $47.07 | $28.59 | -39% |
| Uniper SE UN0 | €42.80 | €49.13 | +15% |
| The Hong Kong and China Gas Company 0003 | HK$7.03 | HK$5.08 | -28% |
| Italgas S.p.A IG | €9.98 | €8.11 | -19% |
| GAIL (India) Limited GAIL | ₹171.71 | ₹147.74 | -14% |
| Adani Total Gas Limited ATGL | ₹723.90 | ₹101.36 | -86% |
| ENN Natural Gas Co 600803 | ¥17.30 | ¥25.71 | +49% |
| UGI Corporation UGI | $35.84 | $27.13 | -24% |
Compare Changchun Gas Co with another stock
Price, fair value, quality and upside side by side.
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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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