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Anhui Hengyuan Coal Industry and Electricity Power Co (600971) Fair Value & Analysis

Energy · CN · Market cap 9.8B CNY

AH Anhui Hengyuan Coal Industry and Electricity Power Co 600971 · SHG
Price¥8.16
Fair Value¥8.62
Upside+5.6%
Quality35/100
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Weak Growth
Loss-making · -3.2% net margin
Low debt · generates free cash flow
3.03% dividend yield
Mixed vs. peers (6/13)
Narrow moat 18/100
Evidence: Medium Range ¥7.16 – ¥10.06 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 ¥4.31 to ¥8.62 (+100.0%) since Jul 11, 2026. Share price +13.8% 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 ¥7.16 (bear) to ¥10.06 (bull), base ¥8.62. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 35/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥14.28 ¥4.15 Fair Value ¥8.62 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 ¥4.15 – ¥14.28 · fair‑value band ¥7.16 – ¥10.06 · the ¥8.16 price screens below the ¥8.62 fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

Anhui Hengyuan Coal Industry and Electricity Power Co (600971) currently trades at ¥8.16, while our model-based Fair Value estimate is ¥8.62, implying the stock looks roughly 5.6% fairly valued today. The Quality Score stands at 35/100 (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, Anhui Hengyuan Coal Industry and Electricity Power Co generated revenue of 6.0B CNY at a net margin of -3.2%. Revenue grew 38.3% year over year. It earns a return on equity of -1.5%. The balance sheet holds a net cash position of 1.7B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥7.16 (bear case) to ¥10.06 (bull case); at ¥8.16, 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 5% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 6%, 600971 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 ¥0.4900 ¥0.5500 ¥0.6400 80
Gordon GGM ¥2.37 ¥4.72 ¥7.15 70
DDM Multi-Stage ¥2.37 ¥3.63 ¥4.92 61
All 11 models by family
DCF Models
FCF DCF ¥0.4800 ¥0.5600 ¥0.6600 38
5Y Revenue Exit ¥0.4700 ¥0.5400 ¥0.6300 39
5Y EBITDA Exit ¥1.59 ¥2.58 ¥3.72 41
10Y Revenue Exit ¥0.4700 ¥0.5300 ¥0.6200 36
10Y EBITDA Exit ¥1.16 ¥1.90 ¥2.87 37
Dividend Discount
Gordon GGM ¥2.37 ¥4.72 ¥7.15 70
DDM Multi-Stage ¥2.37 ¥3.63 ¥4.92 61
Multiples
EV/EBITDA ¥2.49 ¥3.21 ¥3.94 54
EV/Revenue ¥0.4600 ¥0.5200 ¥0.5800 43
Asset-Based
NCAV (Graham) ¥4.90 ¥6.57 ¥9.80 50
Growth DCF
Growth DCF ¥0.4900 ¥0.5500 ¥0.6400 80

Widest divergence: Asset-Based (¥6.57) versus Multiples (¥0.5200). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.0B CNY
Revenue growth (YoY) +38.3%
Net margin -3.2%
Return on equity -1.5%
Free cash flow 18.3M CNY FY2025
Operating margin 7.6%
More key figures
EPS (TTM) ¥-0.1600
Dividend yield 3.2%
EPS growth (YoY) +11.9%
Net cash 1.7B CNY FY2025

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

Quality Score breakdown

Overall quality 35/100

Of which business quality 35 · Market factors (momentum, volatility) 62

Profitability 8
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 84
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

Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd engages in the mining, washing, processing, and sale of coal in China. The company offers lean and coking coal, gas-rich coal, anthracite, blended coal, washed fine coal, and metallurgical coking coal.

Full company description

Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd engages in the mining, washing, processing, and sale of coal in China. The company offers lean and coking coal, gas-rich coal, anthracite, blended coal, washed fine coal, and metallurgical coking coal. Its products are used in the power, metallurgy, petrochemical, building materials, coking, blast furnace injection, and civil applications. The company was founded in 2000 and is based in Suzhou, China. Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd operates as a subsidiary of Wanbei Coal-Electricity Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anhui Hengyuan Coal Industry and Electricity Power Co reported revenue of ¥5.5B in FY2025 versus ¥6.7B in FY2021, a compound −5.0%/yr. Reported net income was −¥192M in FY2025.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.5B CNY
Latest YoY
−21.3%
Avg. growth/yr (3Y)
−13.2%
Avg. growth/yr (5Y)
+1.0%
Avg. growth/yr (24Y)
+13.2%
Revenue −5.0%/yr
FY21 ¥6.7B
FY22 ¥8.4B
FY23 ¥7.8B
FY24 ¥7.0B
FY25 ¥5.5B
Net income
FY21 ¥1.4B
FY22 ¥2.5B
FY23 ¥2.0B
FY24 ¥1.1B
FY25 −¥192M

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Cite: Fair Value Calculator (2026). "Anhui Hengyuan Coal Industry and Electricity Power Co Fair Value". https://www.fairvalue-calculator.com/stock/600971

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 35 · Bottom 25%
Fair Value upside +6% · Above median
Return on assets -0% · Below median
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 8% · Below median
Revenue growth 38% · Top 25%
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.29× · Higher than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/B 0.12× · Cheaper than 75% of peers
P/S (TTM) 0.24× · Cheaper than 75% of peers
P/FCF 79.4× · Pricier than 75% of peers
EV/EBITDA 1.5× · Cheaper than 75% of peers

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 41 · sector 27
FUTURE 100 · sector 0
PAST 0 · sector 21
HEALTH 86 · sector 92
DIVIDEND 61 · 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.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

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Frequently asked questions

Is Anhui Hengyuan Coal Industry and Electricity Power Co (600971) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥8.62 versus a price of ¥8.16, about +6% (fairly valued).
What is the fair value of 600971?
Our model-based fair value for Anhui Hengyuan Coal Industry and Electricity Power Co is ¥8.62 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥8.16.
What is the quality score of 600971?
Anhui Hengyuan Coal Industry and Electricity Power Co has a Quality Score of 35/100. 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 Anhui Hengyuan Coal Industry and Electricity Power Co (600971)?
Anhui Hengyuan Coal Industry and Electricity Power Co reported trailing-twelve-month revenue of about 6.0B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600971?
The net profit margin of Anhui Hengyuan Coal Industry and Electricity Power Co is about -3.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Anhui Hengyuan Coal Industry and Electricity Power Co pay a dividend?
Anhui Hengyuan Coal Industry and Electricity Power Co currently shows a dividend yield of about 3.22% relative to its recent price (as of Aug 8, 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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