Beijing Gas Blue Sky Holdings Limited (6828) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Beijing Gas Blue Sky Holdings Limited HK$0.03, price HK$0.03, upside -14.1%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.0250 – HK$0.1430 · fair‑value band HK$0.0229 – HK$0.0355 · the HK$0.0340 price screens above the HK$0.0292 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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Beijing Gas Blue Sky Holdings Limited, an investment holding company, sells and distributes natural gas and other related products to residential, industrial, and commercial consumers. It operates through City Gas Operation, Trading and Distribution of Natural Gas, and Integrated Clean Energy and New Energy segments.
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Beijing Gas Blue Sky Holdings Limited, an investment holding company, sells and distributes natural gas and other related products to residential, industrial, and commercial consumers. It operates through City Gas Operation, Trading and Distribution of Natural Gas, and Integrated Clean Energy and New Energy segments. The company operates compressed natural gas (CNG) and liquefied natural gas (LNG) refueling stations for vehicles; and distributes and trades in CNG, LNG fuel oil and other related oil by-products as a wholesaler to industrial and commercial users and direct LNG supply through direct supply facilities, as well as related value-added services, such as repair and maintenance services. It is also involved in the sale of gas-related equipment; and provision of pipeline construction services. The company was formerly known as Blue Sky Power Holdings Limited and changed its name to Beijing Gas Blue Sky Holdings Limited in January 2017. Beijing Gas Blue Sky Holdings Limited was founded in 2000 and is based in Admiralty, Hong Kong.
Stock analysis
Beijing Gas Blue Sky Holdings Limited (6828) currently trades at HK$0.0340, while our model-based Fair Value estimate is HK$0.0292, 14.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.2500 per share, and 10 of the 11 models we run sit above the HK$0.0340 price.
Bear case: the Asset-Based group reads lowest at HK$0.0500, and 1 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.0229 (bear) to HK$0.0355 (bull), the price of HK$0.0340 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Beijing Gas Blue Sky Holdings Limited reported revenue of 2.1B CNY in FY2025 versus 1.7B CNY in FY2021, a compound +5.4%/yr. Reported net income was 94.5M CNY in FY2025.
Key figures
Market cap HK$773M (≈ $98.5M) · P/S ratio 0.34 · Net margin 4.4% · Return on equity 5.5% · Return on assets (EBIT) −2.1% · Operating margin −3.0% · Revenue (TTM) 1.9B CNY · Revenue growth (YoY) +0.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at 2% fair-value upside, at −14%, 6828 screens richer than that median.
Fair Value models
Bear HK$0.0229Fair Value HK$0.0292Bull HK$0.0355
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Start year 2020 (pandemic). Over 10 years: +35.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−69% → −3%
Compare Beijing Gas Blue Sky Holdings Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Utilities - Regulated Gas · 103 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−14.1% · Below median
Profitability
Return on equity (TTM)5.5% · Below median
Return on assets−1.0% · Bottom 25%
Net margin (TTM)4.5% · Below median
Operating margin (TTM)−3.0% · Bottom 25%
Growth and dividend
Revenue growth0.3% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Utilities - Regulated Gas median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Beijing Gas Blue Sky Holdings Limited Fair Value". https://www.fairvalue-calculator.com/stock/6828
Frequently asked questions
Is Beijing Gas Blue Sky Holdings Limited (6828) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.0292 versus a price of HK$0.0340, about −14% upside (overvalued).
What is the fair value of 6828?
Our model-based fair value for Beijing Gas Blue Sky Holdings Limited is HK$0.0292 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.0340.
What is the quality score of 6828?
Beijing Gas Blue Sky Holdings Limited has a Quality Score of 37/100. 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 price target for Beijing Gas Blue Sky Holdings Limited (6828)?
Our model-based price target is the fair value of HK$0.0292 (as of Sep 27, 2026) from 11 valuation models. Cautious scenario HK$0.0229, optimistic scenario HK$0.0355. It is a calculation from audited fundamentals, not an analyst target.
What is the Beijing Gas Blue Sky Holdings Limited stock forecast for 2026?
Our models put fair value at HK$0.0292, about −14% upside versus a price of HK$0.0340 (overvalued). Cautious scenario HK$0.0229, optimistic scenario HK$0.0355. The calculation is refreshed regularly with new filings.
What is the revenue of Beijing Gas Blue Sky Holdings Limited (6828)?
Beijing Gas Blue Sky Holdings Limited reported trailing-twelve-month revenue of about 1.9B CNY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Beijing Gas Blue Sky Holdings Limited (6828)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Beijing Gas Blue Sky Holdings Limited it is HK$0.0292 per share (as of Sep 27, 2026), against a price of HK$0.0340. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Beijing Gas Blue Sky Holdings Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 6828 trades above its calculated fair value: price HK$0.0340, fair value HK$0.0292, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6828?
No. The price is what the market pays today (HK$0.0340); the fair value is what the company's own numbers justify (HK$0.0292). For Beijing Gas Blue Sky Holdings Limited the two are HK$0.0048 per share apart. That gap is exactly why we show both numbers side by side.
How much is Beijing Gas Blue Sky Holdings Limited worth?
The market values Beijing Gas Blue Sky Holdings Limited at about HK$773M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.0340; our models calculate a fair value of HK$0.0292 per share.
What do the bullish and bearish scenarios say about 6828?
Our models span a range for Beijing Gas Blue Sky Holdings Limited: cautious scenario HK$0.0229, base HK$0.0292, optimistic HK$0.0355 per share (as of Sep 27, 2026, price HK$0.0340). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Beijing Gas Blue Sky Holdings Limited (6828)?
Balance-sheet figures for Beijing Gas Blue Sky Holdings Limited (as of Sep 27, 2026): return on equity 5.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 6828 from its 52-week high?
Beijing Gas Blue Sky Holdings Limited trades at HK$0.0340, about 37% below its 52-week high of HK$0.0540 and 21% above the low of HK$0.0280 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0292 is for.
Which stocks are comparable to Beijing Gas Blue Sky Holdings Limited?
From the same area (Utilities) we also value Naturgy Energy Group, Atmos Energy Corporation, Uniper SE, NiSource Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Beijing Gas Blue Sky Holdings Limited stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.0340, calculated fair value HK$0.0292 (−14%), Quality Score 37/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6828 calculated?
We run Beijing Gas Blue Sky Holdings Limited through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.0292, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Beijing Gas Blue Sky Holdings Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Beijing Gas Blue Sky Holdings Limited (6828)?
The closing price on Sep 30, 2026 was HK$0.0340. Our model-based fair value is HK$0.0292, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Beijing Gas Blue Sky Holdings Limited right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Beijing Gas Blue Sky Holdings Limited
How large is the market capitalisation of Beijing Gas Blue Sky Holdings Limited (6828)?
The market capitalisation of Beijing Gas Blue Sky Holdings Limited is HK$773M (≈ $98.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Beijing Gas Blue Sky Holdings Limited (6828)?
The price-to-sales ratio of Beijing Gas Blue Sky Holdings Limited is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Beijing Gas Blue Sky Holdings Limited (6828)?
The net margin of Beijing Gas Blue Sky Holdings Limited is 4.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Beijing Gas Blue Sky Holdings Limited (6828)?
The return on equity (ROE) of Beijing Gas Blue Sky Holdings Limited is 5.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Beijing Gas Blue Sky Holdings Limited (6828)?
On an EBIT basis the return on assets of Beijing Gas Blue Sky Holdings Limited is −2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Beijing Gas Blue Sky Holdings Limited (6828)?
The operating margin of Beijing Gas Blue Sky Holdings Limited is −3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Beijing Gas Blue Sky Holdings Limited (6828)?
Revenue at Beijing Gas Blue Sky Holdings Limited is growing +0.3% versus a year earlier (3y avg +10.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Beijing Gas Blue Sky Holdings Limited (6828)?
Earnings per share at Beijing Gas Blue Sky Holdings Limited are growing +0.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Beijing Gas Blue Sky Holdings Limited (6828) generate?
The free cash flow of Beijing Gas Blue Sky Holdings Limited is −201M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Beijing Gas Blue Sky Holdings Limited (6828) carry?
The net debt of Beijing Gas Blue Sky Holdings Limited is 2.2B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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