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OUHUA ENERGY HOLDINGS LIMITED (AJ2) Fair Value & Analysis

Utilities · SG · Market cap 20.9M SGD

OE OUHUA ENERGY HOLDINGS LIMITED AJ2 · SG
Price0.0460 SGD
Fair Value0.0736 SGD
Upside+60.0%
Quality45/100
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Weak Growth
Loss-making · -2.8% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 12/100
Evidence: Low Range 0.0664 SGD – 0.0863 SGD Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0424 SGD to 0.0736 SGD (+73.7%) since Aug 9, 2026. Share price −17.9% over the past month.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0664 SGD). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.0980 SGD 0.0220 SGD Fair Value 0.0736 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0220 SGD – 0.0980 SGD · fair‑value band 0.0664 SGD – 0.0863 SGD · the 0.0460 SGD price screens below the 0.0736 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

OUHUA ENERGY HOLDINGS LIMITED (AJ2) currently trades at 0.0460 SGD, while our model-based Fair Value estimate is 0.0736 SGD, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Utilities 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: low), always confirm before acting.

Over the trailing twelve months, OUHUA ENERGY HOLDINGS LIMITED generated revenue of 2.2B SGD at a net margin of -2.8%. Revenue declined 27.7% year over year. It earns a return on equity of -28.7%. Net debt stands at 363M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0664 SGD (bear case) to 0.0863 SGD (bull case); at 0.0460 SGD, 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 33% below its 52-week high and 119% 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 60%, AJ2 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 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. Evidence
Highest evidence
NCAV (Graham) 0.2300 SGD 0.3100 SGD 0.4600 SGD 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.2300 SGD 0.3100 SGD 0.4600 SGD 50

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Key figures & financial health

Revenue (TTM) 2.2B SGD
Revenue growth (YoY) -27.7%
Net margin -2.8%
Return on equity -28.7%
Free cash flow −24.7M SGD FY2025
Operating margin -1.1%
More key figures
EPS (TTM) -0.0300 SGD
EPS growth (YoY) +14.2%
Net debt 363M SGD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 52

Profitability 22
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 86
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

Ouhua Energy Holdings Limited operates as an importer of liquefied petroleum gas (LPG) in the People's Republic of China. It imports and processes butane and propane products into LPG; and purchases and sells LPG. The company also exports its products to Vietnam, the Philippines, Thailand, and internationally.

Full company description

Ouhua Energy Holdings Limited operates as an importer of liquefied petroleum gas (LPG) in the People's Republic of China. It imports and processes butane and propane products into LPG; and purchases and sells LPG. The company also exports its products to Vietnam, the Philippines, Thailand, and internationally. It also engages in the solar power generation business. The company was founded in 2000 and is based in Chaozhou, the People's Republic of China. Ouhua Energy Holdings Limited operates as a subsidiary of High Tree Worldwide Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OUHUA ENERGY HOLDINGS LIMITED reported revenue of 2.2B SGD in FY2025 versus 3.6B SGD in FY2021, a compound −11.7%/yr. Reported net income was −59.7M SGD in FY2025.

Growth Quality 2/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.2B SGD
Latest YoY
−18.5%
Avg. growth/yr (3Y) 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.
−22.4%
Avg. growth/yr (5Y) 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.
−1.3%
Avg. growth/yr (12Y) 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.
+3.9%
Revenue −11.7%/yr
FY21 3.6B SGD
FY22 4.6B SGD
FY23 3.4B SGD
FY24 2.7B SGD
FY25 2.2B SGD
Net income
FY21 33.0M SGD
FY22 48.5M SGD
FY23 18.8M SGD
FY24 −69.5M SGD
FY25 −59.7M SGD

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Cite: Fair Value Calculator (2026). "OUHUA ENERGY HOLDINGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/AJ2

Peer Group

Utilities - Regulated Gas · 104 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 42 · Bottom 25%
Fair Value upside +60% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -28% · Bottom 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Utilities - Regulated Gas median · lower = cheaper

P/B 0.09× · 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 23
FUTURE 0 · sector 0
PAST 0 · sector 34
HEALTH 94 · sector 87
DIVIDEND 0 · sector 74

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Naturgy Energy Group NTGY €28.94 €31.58 +9%
Atmos Energy Corporation ATO $169.59 $85.67 -49%
NiSource Inc NI $42.50 $28.59 -33%
Uniper SE UN0 €47.45 €48.32 +2%
The Hong Kong and China Gas Company 0003 HK$6.76 HK$4.79 -29%
GAIL (India) Limited GAIL ₹177.95 ₹130.21 -27%
Adani Total Gas Limited ATGL ₹654.05 ₹101.36 -85%
ENN Natural Gas Co 600803 ¥17.32 ¥25.71 +48%
ENN Energy Holdings 2688 HK$47.16 HK$107.98 +129%
China Suntien Green Energy Corporation 600956 ¥7.26 ¥7.37 +2%

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Frequently asked questions

Is OUHUA ENERGY HOLDINGS LIMITED (AJ2) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0736 SGD versus a price of 0.0460 SGD, about +60% (undervalued).
What is the fair value of AJ2?
Our model-based fair value for OUHUA ENERGY HOLDINGS LIMITED is 0.0736 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0460 SGD.
What is the quality score of AJ2?
OUHUA ENERGY HOLDINGS LIMITED has a Quality Score of 45/100. 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 OUHUA ENERGY HOLDINGS LIMITED (AJ2)?
OUHUA ENERGY HOLDINGS LIMITED reported trailing-twelve-month revenue of about 2.2B SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of AJ2?
The net profit margin of OUHUA ENERGY HOLDINGS LIMITED is about -2.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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