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Shanghai Datun Energy Resources Co (600508) Fair Value & Analysis

Energy · CN · Market cap 8.7B CNY

SD Shanghai Datun Energy Resources Co 600508 · SHG
Price¥8.56
Fair Value¥8.17
Upside-4.5%
Quality45/100
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Weak Growth
Thin margins · 2.4% net margin
Low debt · negative free cash flow
2.45% dividend yield
Trails peers (5/13)
Narrow moat 27/100
Evidence: High Range ¥6.14 – ¥10.23 Share as image

Fair value as of: Aug 9, 2026

From 16 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥5.19 to ¥8.17 (+57.5%) since Jul 11, 2026. Share price +5.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥6.14 (bear) to ¥10.23 (bull), base ¥8.17. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥21.08 ¥7.37 Fair Value ¥8.17 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥7.37 – ¥21.08 · fair‑value band ¥6.14 – ¥10.23 · the ¥8.56 price screens above the ¥8.17 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Shanghai Datun Energy Resources Co (600508) currently trades at ¥8.56, while our model-based Fair Value estimate is ¥8.17, implying the stock looks roughly 4.5% fairly valued today. The Quality Score stands at 45/100 (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: high).

Over the trailing twelve months, Shanghai Datun Energy Resources Co generated revenue of 7.9B CNY at a net margin of 2.4%. Revenue grew 12.3% year over year. It earns a return on equity of 1.0%. The balance sheet holds a net cash position of 733M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥6.14 (bear case) to ¥10.23 (bull case); at ¥8.56, 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at -5%, 600508 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥8.66 ¥8.27 ¥6.32 76
ROIC Compounder ¥1.36 ¥1.50 ¥1.63 72
Gordon GGM ¥2.26 ¥4.04 ¥6.26 70
All 16 models by family
DCF Models
Owner Earnings ¥2.54 ¥3.46 ¥4.72 31
Earnings-Based
Graham-Dodd ¥1.48 ¥3.67 ¥4.75 54
PEG = 1.0 ¥0.6600 ¥0.9500 ¥1.23 46
EPV ¥1.36 ¥1.50 ¥1.63 59
Dividend Discount
Gordon GGM ¥2.26 ¥4.04 ¥6.26 70
DDM Multi-Stage ¥2.26 ¥3.35 ¥4.49 61
Multiples
P/E Multiple ¥2.29 ¥3.05 ¥3.81 63
P/S Multiple ¥2.78 ¥3.70 ¥4.63 58
P/B Multiple ¥2.78 ¥3.70 ¥4.63 55
EV/EBIT ¥1.96 ¥2.47 ¥2.98 53
EV/EBITDA ¥5.96 ¥7.81 ¥9.65 54
EV/Revenue ¥2.28 ¥3.08 ¥3.87 43
Asset-Based
NCAV (Graham) ¥6.24 ¥8.37 ¥12.49 50
Economic Profit
Residual Income ¥8.66 ¥8.27 ¥6.32 76
ROIC Compounder ¥1.36 ¥1.50 ¥1.63 72
Growth Earnings
Growth-Adj P/E ¥1.82 ¥2.61 ¥3.39 68

Widest divergence: Asset-Based (¥8.37) versus Earnings-Based (¥1.50). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 7.9B CNY
Revenue growth (YoY) +12.3%
Net margin 2.4%
Return on equity 1.0%
Free cash flow −549M CNY FY2025
P/E ratio 48.7
More key figures
Operating margin 6.8%
EPS (TTM) ¥0.2700
Dividend yield 2.5%
EPS growth (YoY) -28.6%
Net cash 733M CNY FY2024

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 21

Profitability 20
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Shanghai Datun Energy Resources Co., Ltd. engages in the production and sale of coal, power generation, and aluminum casting and processing business in China and internationally. It operates through three segments: Coal, Electricity, and Aluminum Products.

Full company description

Shanghai Datun Energy Resources Co., Ltd. engages in the production and sale of coal, power generation, and aluminum casting and processing business in China and internationally. It operates through three segments: Coal, Electricity, and Aluminum Products. The company offers coking coal, gas coal, gas fertilizer coal, clean coal, washing and mixing middle block, mixed coal, power coal, thermal coal, and other products. It produces electricity; and operates railway line for coal transportation. In addition, the company provides electrolytic aluminum products, such as aluminum ingots, aluminum rods, aluminum plates, aluminum profiles, and anode carbon. The company was founded in 1999 and is based in Shanghai, China. Shanghai Datun Energy Resources Co., Ltd. operates as a subsidiary of China Coal Energy Company Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Datun Energy Resources Co reported revenue of ¥7.7B in FY2025 versus ¥10.2B in FY2021, a compound −6.8%/yr. Reported net income was ¥220M in FY2025, compounding −12.4%/yr from FY2021.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
7.7B CNY
Latest YoY
−19.1%
Avg. growth/yr (3Y)
−15.3%
Avg. growth/yr (5Y)
+0.1%
Avg. growth/yr (27Y)
+7.7%
Revenue −6.8%/yr
FY21 ¥10.2B
FY22 ¥12.6B
FY23 ¥11.0B
FY24 ¥9.5B
FY25 ¥7.7B
Net income −12.4%/yr
FY21 ¥374M
FY22 ¥1.7B
FY23 ¥969M
FY24 ¥716M
FY25 ¥220M

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Cite: Fair Value Calculator (2026). "Shanghai Datun Energy Resources Co Fair Value". https://www.fairvalue-calculator.com/stock/600508

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.

Quality Score 45 · Below median
Fair Value upside −5% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 12% · Top 25%
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 45.1× · Pricier than 75% of peers
P/B 0.69× · Cheaper than 75% of peers
P/S (TTM) 1.10× · Pricier than median
EV/EBITDA 7.3× · Pricier than median

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 27 · sector 27
FUTURE 62 · sector 0
PAST 4 · sector 21
HEALTH 94 · sector 92
DIVIDEND 49 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Coal Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

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Frequently asked questions

Is Shanghai Datun Energy Resources Co (600508) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥8.17 versus a price of ¥8.56, about −5% (fairly valued).
What is the fair value of 600508?
Our model-based fair value for Shanghai Datun Energy Resources Co is ¥8.17 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥8.56.
What is the quality score of 600508?
Shanghai Datun Energy Resources Co has a Quality Score of 45/100. 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 revenue of Shanghai Datun Energy Resources Co (600508)?
Shanghai Datun Energy Resources Co reported trailing-twelve-month revenue of about 7.9B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600508?
The net profit margin of Shanghai Datun Energy Resources Co is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Shanghai Datun Energy Resources Co pay a dividend?
Shanghai Datun Energy Resources Co currently shows a dividend yield of about 2.45% relative to its recent price (as of Aug 9, 2026).

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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