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Shanxi Guoxin Energy Corporation (600617) Fair Value & Analysis

Energy · CN · Market cap 6.6B CNY

SG Shanxi Guoxin Energy Corporation 600617 · SHG
Price¥3.41
Fair Value¥7.27
Upside+113.2%
Quality42/100
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Mixed Growth
Loss-making · -1.9% net margin
High debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 20/100
Evidence: Medium Range ¥1.53 – ¥7.27 Share as image

Fair value as of: Aug 8, 2026

From 11 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥9.22 to ¥7.27 (−21.1%) since Jul 11, 2026. Share price +25.4% over the past month.

Below-average quality, screening 113% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (¥1.53 to ¥7.27). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

¥5.06 ¥2.07 Fair Value ¥7.27 Mar 2021 Aug 2026

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 ¥2.07 – ¥5.06 · fair‑value band ¥1.53 – ¥7.27 · the ¥3.41 price screens below the ¥7.27 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Shanxi Guoxin Energy Corporation (600617) currently trades at ¥3.41, while our model-based Fair Value estimate is ¥7.27, implying the stock looks roughly 113.2% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Shanxi Guoxin Energy Corporation generated revenue of 14.7B CNY at a net margin of -1.9%. Revenue declined 12.6% year over year. It earns a return on equity of -1.9%. Net debt stands at 11.5B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥1.53 (bear case) to ¥7.27 (bull case); at ¥3.41, 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 29% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at 113%, 600617 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
Growth DCF ¥6.79 ¥18.03 ¥36.14 80
Rev-Margin DCF ¥1.60 ¥6.08 ¥15.53 74
EV/EBITDA ¥0.3000 ¥1.79 54
All 11 models by family
DCF Models
FCF DCF ¥7.59 ¥14.74 ¥37.04 38
Owner Earnings ¥1.41 ¥9.25 31
5Y Revenue Exit ¥0.9900 ¥4.58 ¥12.00 39
5Y EBITDA Exit ¥1.43 ¥5.47 ¥13.35 41
10Y Revenue Exit ¥2.92 ¥10.23 ¥13.97 36
10Y EBITDA Exit ¥3.39 ¥11.16 ¥23.64 37
Multiples
EV/EBITDA ¥0.3000 ¥1.79 54
EV/Revenue ¥1.05 43
Asset-Based
NCAV (Graham) ¥1.09 ¥1.46 ¥2.17 50
Growth DCF
Growth DCF ¥6.79 ¥18.03 ¥36.14 80
Rev-Margin DCF ¥1.60 ¥6.08 ¥15.53 74

Widest divergence: Growth DCF (¥6.08) versus Multiples (¥0.3000). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 14.7B CNY
Revenue growth (YoY) -12.6%
Net margin -1.9%
Return on equity -1.9%
Free cash flow 1.5B CNY FY2025
Operating margin 7.3%
More key figures
EPS (TTM) ¥-0.1500
EPS growth (YoY) +16.7%
Net debt 11.5B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 46

Profitability 14
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 62
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

Shanxi Guoxin Energy Corporation Limited engages natural gas development and utilization, and consulting services. It is also involved in the sale of pipeline transportation services of natural gas and ethanol; provision of gas storage facilities leasing services; development, construction, operation, management, and heating of central heating projects; …

Full company description

Shanxi Guoxin Energy Corporation Limited engages natural gas development and utilization, and consulting services. It is also involved in the sale of pipeline transportation services of natural gas and ethanol; provision of gas storage facilities leasing services; development, construction, operation, management, and heating of central heating projects; production, processing, and sales of natural gas stoves and instrumentation equipment; information technology development and consulting services; and import and export business, as well as operation, management, and related consultation activities of new energy enterprises. The company was formerly known as Shanghai Lianhua Synthetic Fiber Co., Ltd. and changed its name to Shanxi Guoxin Energy Corporation Limited in July 2014. The company was founded in 1992 and is based in Taiyuan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanxi Guoxin Energy Corporation reported revenue of ¥15.4B in FY2025 versus ¥12.6B in FY2021, a compound +5.1%/yr. Reported net income was −¥285M in FY2025.

Growth Quality 31/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
15.4B CNY
Latest YoY
−4.9%
Avg. growth/yr (3Y)
−0.5%
Avg. growth/yr (5Y)
+4.5%
Avg. growth/yr (33Y)
+17.8%
Revenue +5.1%/yr
FY21 ¥12.6B
FY22 ¥15.6B
FY23 ¥17.2B
FY24 ¥16.1B
FY25 ¥15.4B
Net income
FY21 ¥45.4M
FY22 ¥65.6M
FY23 ¥78.0M
FY24 −¥340M
FY25 −¥285M

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Cite: Fair Value Calculator (2026). "Shanxi Guoxin Energy Corporation Fair Value". https://www.fairvalue-calculator.com/stock/600617

Peer Group

Oil & Gas Midstream · 87 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 42 · Below median
Fair Value upside +113% · Top 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 7% · Bottom 25%
Revenue growth -13% · Bottom 25%
Debt / equity 3.03× · Higher than 75% of peers

Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper

P/B 0.25× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.7× · Cheaper than 75% of peers
EV/EBITDA 8.3× · Cheaper 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 100 · sector 0
FUTURE 0 · sector 41
PAST 0 · sector 41
HEALTH 0 · sector 54
DIVIDEND 0 · sector 99

Values & ESG

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

Oil & gas

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

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.46 $47.20 -16%
The Williams Companies, Inc WMB $73.38 $12.03 -84%
Enterprise Products Partners L.P. EPD $38.31 $24.74 -35%
TC Energy Corporation TRP C$97.79 C$42.00 -57%
Kinder Morgan, Inc KMI $32.54 $11.12 -66%
Energy Transfer LP, ET $19.91 $17.69 -11%
ONEOK, Inc OKE $93.52 $64.05 -32%
Targa Resources Corp TRGP $273.35 $79.61 -71%
MPLX LP owns and MPLX $57.17 $37.05 -35%
Cheniere Energy, Inc LNG $255.83 $211.18 -17%

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Frequently asked questions

Is Shanxi Guoxin Energy Corporation (600617) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥7.27 versus a price of ¥3.41, about +113% (undervalued).
What is the fair value of 600617?
Our model-based fair value for Shanxi Guoxin Energy Corporation is ¥7.27 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥3.41.
What is the quality score of 600617?
Shanxi Guoxin Energy Corporation has a Quality Score of 42/100. 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 Shanxi Guoxin Energy Corporation (600617)?
Shanxi Guoxin Energy Corporation reported trailing-twelve-month revenue of about 14.7B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600617?
The net profit margin of Shanxi Guoxin Energy Corporation is about -1.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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