Henan Dayou Energy Co (600403) Fair Value & Analysis
Energy · CN · Market cap 15.4B CNY
Fair value as of: Aug 8, 2026
From 1 valuation models · updated 2 days ago
Share price +34.0% over the past month.
Below-average quality, and screening another 84% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.54). The favourable scenario is already priced in.
- Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
- 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 (¥0.7700 to ¥1.54) leaves room in how you read the outcome.
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 ¥2.31 – ¥11.15 · fair‑value band ¥0.7700 – ¥1.54 · the ¥6.46 price screens above the ¥1.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Henan Dayou Energy Co (600403) currently trades at ¥6.46, while our model-based Fair Value estimate is ¥1.03, implying the stock looks roughly 84.1% overvalued today. The Quality Score stands at 29/100 (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: low).
Over the trailing twelve months, Henan Dayou Energy Co generated revenue of 4.0B CNY at a net margin of -51.6%. Revenue declined 8.1% year over year. It earns a return on equity of -43.7%. Net debt stands at 1.9B CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥0.7700 (bear case) to ¥1.54 (bull case); at ¥6.46, 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 46% below its 52-week high and 79% 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 -84%, 600403 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 1 models by family
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 27 · Market factors (momentum, volatility) 51
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
Henan Dayou Energy Co., Ltd engages in raw coal mining activities in China. It is also involved in washing, processing, and wholesale of coal. The company offers long flame, coking, lean, washed, and gas coal for use in various industries, including chemical, power generation, industrial boilers, and power plants.
Full company description
Henan Dayou Energy Co., Ltd engages in raw coal mining activities in China. It is also involved in washing, processing, and wholesale of coal. The company offers long flame, coking, lean, washed, and gas coal for use in various industries, including chemical, power generation, industrial boilers, and power plants. It also provides coal transportation services; technical and consulting services; water intake, water supply, and heating services; and equipment and house leasing services, as well as engages in domestic and foreign trade activities. The company was formerly known as Nanjing Xinwang Telecom Tech Co.,Ltd and changed its name to Henan Dayou Energy Co., Ltd in 2010. Henan Dayou Energy Co., Ltd. was founded in 1998 and is based in Yima, China. Henan Dayou Energy Co., Ltd operates as a subsidiary of YiMa Coal Group Co.,Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Henan Dayou Energy Co reported revenue of ¥4.1B in FY2025 versus ¥7.9B in FY2021, a compound −15.1%/yr. Reported net income was −¥2.0B in FY2025.
600403 screens 84% overvalued. Compare with China Shenhua Energy Company →
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.
Valuation Multiples vs Thermal 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.
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 Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥42.65 | ¥34.97 | -18% |
| Adani Enterprises Limited ADANIENT | ₹3,157 | ₹901.17 | -71% |
| Shaanxi Coal Industry Company 601225 | ¥24.30 | ¥23.90 | -2% |
| Yankuang Energy Group 600188 | ¥20.23 | ¥13.24 | -35% |
| Coal India Limited COALINDIA | ₹427.65 | ₹464.01 | +9% |
| China Coal Energy Company 601898 | ¥12.54 | ¥13.97 | +11% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥25.13 | ¥21.99 | -12% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥16.26 | ¥7.20 | -56% |
| PT Alamtri Resources Indonesia Tbk, ADRO | 2,490 IDR | 3,220 IDR | +29% |
| PT Petrindo Jaya Kreasi Tbk, through its subsidiaries, CUAN | 630.00 IDR | 360.72 IDR | -43% |
Compare Henan Dayou Energy Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Energy stocks →
Frequently asked questions
Is Henan Dayou Energy Co (600403) overvalued or undervalued?
What is the fair value of 600403?
What is the quality score of 600403?
What is the revenue of Henan Dayou Energy Co (600403)?
What is the net profit margin of 600403?
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.
Track Henan Dayou Energy Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.