EN DE

ZJMI Environmental Energy Co (603071) Fair Value & Analysis

Energy · CN · Market cap 6.6B CNY

ZE ZJMI Environmental Energy Co 603071 · SHG
Price¥11.90
Fair Value¥18.79
Upside+57.9%
Quality63/100
Watch ZJMI Environmental Energy Co for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 1.9% net margin
Low debt · generates free cash flow
3.84% dividend yield
Ranks above peers (11/14)
Narrow moat 34/100
Evidence: Medium Range ¥14.09 – ¥23.49 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price +2.3% over the past month.

A solid business, screening 58% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥14.09). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥27.15 ¥9.65 Fair Value ¥18.79 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

56‑month range ¥9.65 – ¥27.15 · fair‑value band ¥14.09 – ¥23.49 · the ¥11.90 price screens below the ¥18.79 fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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

Analysis

ZJMI Environmental Energy Co (603071) currently trades at ¥11.90, while our model-based Fair Value estimate is ¥18.79, implying the stock looks roughly 57.9% undervalued today. The Quality Score stands at 63/100 (solid 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, ZJMI Environmental Energy Co generated revenue of 35.1B CNY at a net margin of 1.9%. Revenue declined 21.7% year over year. It earns a return on equity of 12.0%. Net debt stands at 1.0B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥14.09 (bear case) to ¥23.49 (bull case); at ¥11.90, the current price sits below 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 21% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 58%, 603071 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 ¥38.43 ¥50.63 ¥70.85 80
Residual Income ¥9.31 ¥10.42 ¥15.84 76
Rev-Margin DCF ¥28.69 ¥39.63 ¥53.25 74
All 24 models by family
DCF Models
FCF DCF ¥36.97 ¥49.63 ¥72.36 38
Owner Earnings ¥18.66 ¥24.63 ¥35.35 31
5Y Revenue Exit ¥28.69 ¥38.79 ¥53.44 39
5Y EBITDA Exit ¥23.74 ¥30.23 ¥38.84 41
5Y P/E Exit ¥22.34 ¥27.80 ¥34.43 38
10Y Revenue Exit ¥31.22 ¥38.92 ¥46.99 36
10Y EBITDA Exit ¥28.86 ¥33.75 ¥38.61 37
10Y P/E Exit ¥28.03 ¥32.28 ¥36.08 35
Earnings-Based
Graham-Dodd ¥7.78 ¥9.51 ¥10.70 54
EPV ¥20.28 ¥23.12 ¥25.56 59
Dividend Discount
Gordon GGM ¥5.82 ¥6.34 ¥7.13 70
DDM Multi-Stage ¥5.82 ¥7.19 ¥9.06 61
Multiples
P/E Multiple ¥12.01 ¥16.02 ¥20.02 63
P/S Multiple ¥14.59 ¥19.45 ¥24.31 58
P/B Multiple ¥14.09 ¥18.79 ¥23.49 55
EV/EBIT ¥21.08 ¥27.33 ¥33.57 53
EV/EBITDA ¥17.08 ¥22.00 ¥26.91 54
EV/Revenue ¥25.08 ¥34.82 ¥44.56 43
Asset-Based
NCAV (Graham) ¥5.22 ¥7.00 ¥10.44 50
Growth DCF
Growth DCF ¥38.43 ¥50.63 ¥70.85 80
Rev-Margin DCF ¥28.69 ¥39.63 ¥53.25 74
Economic Profit
Residual Income ¥9.31 ¥10.42 ¥15.84 76
ROIC Compounder ¥20.28 ¥23.82 ¥27.32 72
Growth Earnings
Growth-Adj P/E ¥8.64 ¥12.35 ¥16.05 68

Widest divergence: Growth DCF (¥39.63) versus Dividend Discount (¥6.34). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 35.1B CNY
Revenue growth (YoY) -21.7%
Net margin 1.9%
Return on equity 12.0%
Free cash flow 2.1B CNY FY2025
P/E ratio 10.1
More key figures
Operating margin 7.3%
EPS (TTM) ¥1.17
Dividend yield 3.8%
EPS growth (YoY) +10.7%
Net debt 1.0B CNY FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 44

Profitability 47
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

ZJMI Environmental Energy Co., Ltd., together with its subsidiaries, sells coal products in China and internationally. It operates through three segments: Coal Distribution, Combined Heat and Power, and New Energy.

Full company description

ZJMI Environmental Energy Co., Ltd., together with its subsidiaries, sells coal products in China and internationally. It operates through three segments: Coal Distribution, Combined Heat and Power, and New Energy. The company engages in coal mining, circulation, and consumption, as well as offers thermal and coking coals; and generation of steam and compressed air through burning coal, biomass, and sludge, as well as provides general solid waste disposal services. It is also involved in the investment, construction, operation, management, and EPC general contracting services for wind, solar, and energy storage charging stations; research, development, production, and sale of energy storage equipment; and molten salt energy storage, electrochemical energy storage, and resource recycling, including tire pyrolysis, sludge co-firing, and biomass incineration power generation. The company was formerly known as Zhejiang Materials Fuel Group Co., Ltd. and changed its name to ZJMI Environmental Energy Co., Ltd. in January 2012. ZJMI Environmental Energy Co., Ltd. was founded in 1950 and is based in Hangzhou, China. The company operates as a subsidiary of Wuchan Zhongda Group Co.,Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ZJMI Environmental Energy Co reported revenue of ¥37.3B in FY2025 versus ¥59.9B in FY2021, a compound −11.2%/yr. Reported net income was ¥638M in FY2025, compounding −10.8%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
37.3B CNY
Avg. growth/yr (3Y)
−9.3%
Avg. growth/yr (5Y)
+6.7%
Revenue −11.2%/yr
FY21 ¥59.9B
FY22 ¥55.2B
FY23 ¥44.3B
FY24 ¥44.7B
FY25 ¥37.3B
Net income −10.8%/yr
FY21 ¥1.0B
FY22 ¥1.1B
FY23 ¥1.1B
FY24 ¥739M
FY25 ¥638M

Watch 603071: get an alert when its fair value changes →

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). "ZJMI Environmental Energy Co Fair Value". https://www.fairvalue-calculator.com/stock/603071

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 63 · Top 25%
Fair Value upside +58% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.13× · Lower than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than median
P/B 1.13× · Cheaper than median
P/S (TTM) 0.19× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 3.8× · 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 100 · sector 27
FUTURE 0 · sector 0
PAST 48 · sector 21
HEALTH 93 · sector 92
DIVIDEND 77 · 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 Jul 21, 2026).

Compare ZJMI Environmental Energy 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 ZJMI Environmental Energy Co (603071) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥18.79 versus a price of ¥11.90, about +58% (undervalued).
What is the fair value of 603071?
Our model-based fair value for ZJMI Environmental Energy Co is ¥18.79 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥11.90.
What is the quality score of 603071?
ZJMI Environmental Energy Co has a Quality Score of 63/100. 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 ZJMI Environmental Energy Co (603071)?
ZJMI Environmental Energy Co reported trailing-twelve-month revenue of about 35.1B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 603071?
The net profit margin of ZJMI Environmental Energy Co is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.
Does ZJMI Environmental Energy Co pay a dividend?
ZJMI Environmental Energy Co currently shows a dividend yield of about 3.84% relative to its recent price (as of Jul 21, 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 ZJMI Environmental Energy 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.