Zhongman Petroleum and Natural Gas Group (603619) Fair Value & Analysis
Energy · CN · Market cap 10.9B CNY
Fair value as of: Jul 11, 2026
From 16 valuation models · updated 30 days ago
Share price +19.2% over the past month.
Below-average quality, and screening another 42% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥16.40). The favourable scenario is already priced in.
- Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range ¥8.10 – ¥47.05 · fair‑value band ¥9.83 – ¥16.40 · the ¥22.50 price screens above the ¥13.12 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Zhongman Petroleum and Natural Gas Group (603619) currently trades at ¥22.50, while our model-based Fair Value estimate is ¥13.12, implying the stock looks roughly 41.7% overvalued today. The Quality Score stands at 31/100 (below-average 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, Zhongman Petroleum and Natural Gas Group generated revenue of 3.8B CNY at a net margin of 8.3%. Revenue declined 18.2% year over year. It earns a return on equity of 7.1%. Net debt stands at 1.1B CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥9.83 (bear case) to ¥16.40 (bull case); at ¥22.50, 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 53% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -11% fair-value upside, at -42%, 603619 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.
All 16 models by family
Widest divergence: Growth Earnings (¥18.60) versus Asset-Based (¥6.26). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 34 · Market factors (momentum, volatility) 32
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
Zhongman Petroleum and Natural Gas Group Corp.,Ltd., an oil and gas company, provides integrated oil and gas development services in China and internationally. It engages in exploration and development, drilling and completion engineering, and equipment manufacturing business. The company explores for, develops, and produces oil and gas deposits.
Full company description
Zhongman Petroleum and Natural Gas Group Corp.,Ltd., an oil and gas company, provides integrated oil and gas development services in China and internationally. It engages in exploration and development, drilling and completion engineering, and equipment manufacturing business. The company explores for, develops, and produces oil and gas deposits. It also offers drilling and completion services, including integrated drilling engineering, equipment management, production management, and project management services, as well as cover drilling, well workover, logging, well logging, cementing, completion, drilling fluid, directional drilling, and integrated wellbore technical services; and drilling technical services. In addition, the company designs, manufactures, sells, and leases technical services petroleum drilling equipment; and researches, develops, manufactures, and sells land drilling rigs, components, electrical control systems, and intelligent products. Further, it offers pre-sale and in sale services, such as assembling tests, technical directing, customer training to operation support, maintenance with full-weather service, etc.; maintenance services; technical consultation, spare parts supply, and operational support services; and product customization services. Zhongman Petroleum and Natural Gas Group Corp.,Ltd. was founded in 2003 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhongman Petroleum and Natural Gas Group reported revenue of ¥3.9B in FY2025 versus ¥1.8B in FY2021, a compound +22.2%/yr. Reported net income was ¥510M in FY2025, compounding +62.0%/yr from FY2021.
603619 screens 42% overvalued. Compare with Saudi Arabian Oil Company →
Peer Group
Oil & Gas Integrated · 54 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 Oil & Gas Integrated 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.
VALUE 0: the price sits above our fair-value range.
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 Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Arabian Oil Company 2222 | 26.72 SAR | 20.14 SAR | -25% |
| Exxon Mobil Corporation XOM | $144.51 | $90.37 | -37% |
| Chevron Corporation CHEV | C$22.88 | C$7.97 | -65% |
| PetroChina Company 601857 | ¥10.29 | ¥16.51 | +60% |
| Shell plc SHELL | €38.04 | €46.09 | +21% |
| TotalEnergies SE TTE | C$13.80 | C$7.92 | -43% |
| Petróleo Brasileiro S.A PETR3 | 12,540 ARS | 30,914 ARS | +147% |
| BP p.l.c., an integrated energy company, BP | $40.83 | $12.71 | -69% |
| China Petroleum & Chemical Corporation 600028 | ¥5.03 | ¥4.46 | -11% |
| Equinor ASA EQNR | $36.19 | $34.53 | -5% |
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Frequently asked questions
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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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