EN DE

Shanxi Lu'an Environmental Energy Development Co (601699) Fair Value & Analysis

Energy · CN · Market cap 48.6B CNY

SL Shanxi Lu'an Environmental Energy Development Co 601699 · SHG
Price¥16.26
Fair Value¥12.26
Upside-24.6%
Quality58/100
Watch Shanxi Lu'an Environmental Energy Development Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
1.15% dividend yield
Mixed vs. peers (6/14)
Narrow moat 26/100
Evidence: High Range ¥8.09 – ¥14.89 Share as image

Fair value as of: Aug 10, 2026

From 25 valuation models · updated today

Fair value updated Aug 10, 2026, revised from ¥8.42 to ¥12.26 (+45.5%) since Jul 11, 2026. Share price +5.9% over the past month.

A solid business, but screening 25% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥14.89). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥8.09 to ¥14.89) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥28.19 ¥4.69 Fair Value ¥12.26 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

60‑month range ¥4.69 – ¥28.19 · fair‑value band ¥8.09 – ¥14.89 · the ¥16.26 price screens above the ¥12.26 fair value. Dashed = 300-day average. As of Aug 10, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shanxi Lu'an Environmental Energy Development Co (601699) currently trades at ¥16.26, while our model-based Fair Value estimate is ¥12.26, implying the stock looks roughly 24.6% overvalued today. The Quality Score stands at 58/100 (solid 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, Shanxi Lu'an Environmental Energy Development Co generated revenue of 28.1B CNY at a net margin of 4.2%. Revenue grew 4.2% year over year. It earns a return on equity of 1.5%. The balance sheet holds a net cash position of 11.2B CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥8.09 (bear case) to ¥14.89 (bull case); at ¥16.26, 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 18% below its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -2% fair-value upside, at -25%, 601699 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥23.81 ¥31.29 ¥41.63 80
Residual Income ¥10.90 ¥10.62 ¥8.78 76
Rev-Margin DCF ¥14.77 ¥17.68 ¥20.97 74
All 25 models by family
DCF Models
FCF DCF ¥23.35 ¥31.50 ¥43.31 38
Owner Earnings ¥19.29 ¥25.53 ¥34.58 31
5Y Revenue Exit ¥14.77 ¥17.38 ¥20.41 39
5Y EBITDA Exit ¥15.74 ¥19.14 ¥22.81 41
5Y P/E Exit ¥14.44 ¥16.79 ¥19.04 38
10Y Revenue Exit ¥17.68 ¥20.65 ¥24.08 36
10Y EBITDA Exit ¥18.41 ¥21.85 ¥25.85 37
10Y P/E Exit ¥17.59 ¥20.25 ¥23.07 35
Earnings-Based
Graham-Dodd ¥2.53 ¥6.40 ¥8.32 54
PEG = 1.0 ¥1.18 ¥1.69 ¥2.20 46
EPV ¥8.20 ¥8.56 ¥8.88 59
Dividend Discount
Gordon GGM ¥3.80 ¥7.25 ¥12.14 70
DDM Multi-Stage ¥3.80 ¥5.78 ¥7.91 61
Multiples
P/E Multiple ¥3.91 ¥5.22 ¥6.52 63
P/S Multiple ¥4.75 ¥6.34 ¥7.92 58
P/B Multiple ¥4.75 ¥6.34 ¥7.92 55
EV/EBIT ¥9.46 ¥10.61 ¥11.77 53
EV/EBITDA ¥12.23 ¥14.31 ¥16.39 54
EV/Revenue ¥10.20 ¥12.00 ¥13.80 43
Asset-Based
NCAV (Graham) ¥7.57 ¥10.15 ¥15.15 50
Growth DCF
Growth DCF ¥23.81 ¥31.29 ¥41.63 80
Rev-Margin DCF ¥14.77 ¥17.68 ¥20.97 74
Economic Profit
Residual Income ¥10.90 ¥10.62 ¥8.78 76
ROIC Compounder ¥8.20 ¥8.56 ¥8.88 72
Growth Earnings
Growth-Adj P/E ¥3.14 ¥4.49 ¥5.84 68

Widest divergence: DCF Models (¥20.25) versus Growth Earnings (¥4.49). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 28.1B CNY
Revenue growth (YoY) +4.2%
Net margin 4.2%
Return on equity 1.5%
Free cash flow 4.8B CNY FY2025
P/E ratio 45.1
More key figures
Operating margin 11.9%
EPS (TTM) ¥0.3900
Dividend yield 1.0%
EPS growth (YoY) +9.1%
Net cash 11.2B CNY FY2024

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 59 · Market factors (momentum, volatility) 54

Profitability 23
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 81
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 Lu'an Environmental Energy Development Co., Ltd. engages in the production and sales of coal and coke products in China. The company focuses on raw coal mining, coal washing and beneficiation, and coal and coke smelting. It also develops and utilizes clean coal technology; develops coalbed methane; and manufactures coal liver stone brick.

Full company description

Shanxi Lu'an Environmental Energy Development Co., Ltd. engages in the production and sales of coal and coke products in China. The company focuses on raw coal mining, coal washing and beneficiation, and coal and coke smelting. It also develops and utilizes clean coal technology; develops coalbed methane; and manufactures coal liver stone brick. The company owns production mines in Wangzhuang Coal Mine, Zhangcun Coal Mine, Changcun Coal Mine, and Wuyang Coal Mine. It also engages in gas and mineral exploration; geological drilling; accommodation, catering, conference, and travel services; sales and leasing of machinery and equipment; and road transportation of cargo. The company was founded in 2001 and is based in Changzhi, China. Shanxi Lu'an Environmental Energy Development Co., Ltd. operates as a subsidiary of Shanxi Lu'an Mining Industry Group Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanxi Lu'an Environmental Energy Development Co reported revenue of ¥27.8B in FY2025 versus ¥45.3B in FY2021, a compound −11.5%/yr. Reported net income was ¥1.1B in FY2025, compounding −36.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
27.8B CNY
Latest YoY
−22.4%
Avg. growth/yr (3Y)
−20.0%
Avg. growth/yr (5Y)
+1.3%
Avg. growth/yr (22Y)
+11.3%
Revenue −11.5%/yr
FY21 ¥45.3B
FY22 ¥54.3B
FY23 ¥43.1B
FY24 ¥35.9B
FY25 ¥27.8B
Net income −36.2%/yr
FY21 ¥6.7B
FY22 ¥14.2B
FY23 ¥7.9B
FY24 ¥2.4B
FY25 ¥1.1B

601699 screens 25% overvalued. Compare with China Shenhua Energy Company →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Shanxi Lu'an Environmental Energy Development Co Fair Value". https://www.fairvalue-calculator.com/stock/601699

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 58 · Above median
Fair Value upside −25% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 41.7× · Pricier than 75% of peers
P/B 1.07× · Cheaper than median
P/S (TTM) 1.73× · Pricier than 75% of peers
P/FCF 1.5× · Cheaper than median
EV/EBITDA 8.8× · 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 1 · sector 27
FUTURE 21 · sector 0
PAST 6 · sector 21
HEALTH 100 · sector 92
DIVIDEND 23 · 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 10, 2026).

Compare Shanxi Lu'an Environmental Energy Development Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Energy stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Shanxi Lu'an Environmental Energy Development Co (601699) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥12.26 versus a price of ¥16.26, about −25% (overvalued).
What is the fair value of 601699?
Our model-based fair value for Shanxi Lu'an Environmental Energy Development Co is ¥12.26 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥16.26.
What is the quality score of 601699?
Shanxi Lu'an Environmental Energy Development Co has a Quality Score of 58/100. 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 Lu'an Environmental Energy Development Co (601699)?
Shanxi Lu'an Environmental Energy Development Co reported trailing-twelve-month revenue of about 28.1B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 601699?
The net profit margin of Shanxi Lu'an Environmental Energy Development Co is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does Shanxi Lu'an Environmental Energy Development Co pay a dividend?
Shanxi Lu'an Environmental Energy Development Co currently shows a dividend yield of about 1.04% relative to its recent price (as of Aug 10, 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.

14 days Pro free · no card

Track Shanxi Lu'an Environmental Energy Development 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.