Bestsun Energy Co (600681) Fair Value & Analysis
Utilities · CN · Market cap 4.6B CNY
Fair value as of: Aug 9, 2026
From 26 valuation models · updated yesterday
Fair value updated Aug 9, 2026, revised from ¥3.18 to ¥4.42 (+38.9%) since Jul 11, 2026. Share price +3.3% over the past month.
A solid business, screening 29% undervalued on our models.
What matters now
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from ¥3.32 (bear) to ¥5.53 (bull), base ¥4.42. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 ¥3.15 – ¥5.73 · fair‑value band ¥3.32 – ¥5.53 · the ¥3.42 price screens below the ¥4.42 fair value. Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Bestsun Energy Co (600681) currently trades at ¥3.42, while our model-based Fair Value estimate is ¥4.42, implying the stock looks roughly 29.2% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Utilities 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: high), always confirm before acting.
Over the trailing twelve months, Bestsun Energy Co generated revenue of 5.0B CNY at a net margin of 4.9%. Revenue declined 7.9% year over year. It earns a return on equity of 6.5%. Net debt stands at 1.2B CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥3.32 (bear case) to ¥5.53 (bull case); at ¥3.42, 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at 29%, 600681 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.
All 26 models by family
Widest divergence: Growth Earnings (¥7.74) versus Asset-Based (¥1.78). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 35
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
Bestsun Energy Co., Ltd. engages in the city gas business in China. The company involved in sale of city pipeline gas and gas appliances; and provides gas engineering installation services.
Full company description
Bestsun Energy Co., Ltd. engages in the city gas business in China. The company involved in sale of city pipeline gas and gas appliances; and provides gas engineering installation services. It also engages in business management, project investment, instrumentation, material trade, dangerous goods transportation, building installation, and energy distribution activities. In addition, the company involved in the LNG production and sales, refined oil sales, and production and supply of electricity, heat, and water; as well as in the scientific research and technical service industry. The company was formerly known as Wuhan Winowner Group Co., Ltd. and changed its name to Bestsun Energy Co., Ltd. in August 2004. Bestsun Energy Co., Ltd. was founded in 1992 and is based in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bestsun Energy Co reported revenue of ¥5.2B in FY2025 versus ¥4.6B in FY2021, a compound +3.0%/yr. Reported net income was ¥237M in FY2025, compounding −18.5%/yr from FY2021.
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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.
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 9, 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% |
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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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