Shaanxi Coal Industry Company Limited

¥25.85As of Sun 8 Nov 2026, 12:00 UTC

SSE:601225Energy

Country China

PE (Fwd) •••

TSR 10Y CAGR 21.28%

Div yield 3.74%

ROE 22.69%

Thermal Coal

Beta (5Y) (0.06)

PE TTM 11.85

TSR TTM 17.61%

Mkt cap ¥250.6B

ROIC 23.88%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

¥31

21.07%

34.78%

Hold 10|1|1|11|5

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

27.43

Revenue¥B

31.16

33.17

36.39

39.14

42.71

47.04

51.60

54.96

59.98

65.09

30.38

8.79%

8.53%

24.42

Revenue growth%

15.47

16.63

17.07

15.47

18.27

20.40

23.00

22.13

19.82

17.21

6.65

20.40

17.74

19.74

Gross margin%

20.06

22.78

23.57

25.67

26.81

26.80

26.67

28.63

26.71

27.67

23.14

26.80

26.69

18.84

Operating margin%

29.54

30.94

32.62

32.13

34.50

33.97

31.72

34.27

31.92

31.02

10.54

31.92

32.02

21.21

Net margin%

28.10

30.58

27.95

29.31

31.97

29.16

27.25

25.06

26.24

27.10

29.26

27.10

28.03

6.166

P/E ratio (avg)x

14.11

16.18

17.70

17.63

20.61

22.21

24.16

25.55

25.04

29.16

15.61

25.04

21.41

16.19

EV/EBITx

27.42

27.22

28.79

33.77

32.10

37.25

41.27

45.48

44.66

52.24

7.101

44.66

35.51

12.63

FCF yield (avg)%

9.90

9.45

9.08

7.80

8.83

11.72

11.92

10.51

12.43

13.50

3.12

11.92

10.21

3.13

FCF margin%

12.23

14.95

13.69

16.11

17.90

15.27

15.88

18.02

20.51

17.70

14.30

17.70

15.99

1.089

FCF / Net incomex

0.400

0.415

0.462

0.461

0.452

0.464

0.454

0.474

0.445

0.418

0.557

0.454

0.453

25.88

ROIC%

1.35

2.48

2.19

4.84

4.92

2.76

2.67

1.06

1.46

1.60

24.62

1.60

2.34

12.77

Return on equity%

32.67

31.55

29.32

30.95

31.84

30.09

27.95

30.66

32.64

30.53

24.82

30.53

30.81

9.43

Return on assets%

17.37

18.56

20.99

21.82

20.65

22.87

22.91

21.29

21.26

18.46

21.19

21.29

21.13

1.35

EPS¥

2.45

2.68

2.87

2.99

3.35

3.07

3.06

3.51

3.66

1.44

1.77%

5.60%

—

2.62

EPS growth%

2.92

2.82

2.79

0.40

2.97

2.61

2.11

0.40

25.62

2.11

2.36

2.68

Bookvalue per sh¥

1.61

1.72

1.85

2.18

2.58

2.59

2.78

2.96

3.51

3.89

1.50

8.55%

10.04%

—

2.43

FCF per share¥

3.35

3.32

2.99

3.00

3.03

2.86

2.90

2.59

2.62

2.55

2.13

(3.42%)

(2.04%)

—

3.35

Dividend per sh¥

3.54

3.76

4.10

4.30

4.49

4.54

4.40

4.10

4.14

4.13

3.35

(1.62%)

1.94%

—

18.78

Div yield (avg)%

8.59

7.23

6.33

6.14

6.09

8.30

11.25

14.03

11.77

11.05

23.20

11.25

8.45

13.03

Payout ratio%

18.30

19.64

21.13

23.67

23.49

24.63

26.53

27.40

26.73

26.21

28.67

26.53

24.15

9.452

Shares (diluted)B

14.59

14.21

14.25

13.60

14.31

14.73

15.66

17.61

17.84

17.47

9.591

4.07%

3.19%

26.06

Buyback yield%

20.85

18.38

20.80

20.61

19.74

19.76

18.84

18.24

17.79

17.34

13.50

18.24

19.29

1.728

D/E ratiox

0.272

0.298

0.300

0.337

0.361

0.438

0.462

0.559

0.649

0.671

0.297

0.559

0.399

72.75

Enterprise value¥B

60.25

60.43

55.32

53.04

54.21

50.71

46.34

52.03

54.77

54.69

18.72

0.18%

(0.34%)

28.37

LT debt¥B

73.99

66.50

66.94

67.16

69.52

67.87

63.86

64.06

66.06

71.27

66.01

0.50%

(1.49%)

Peers (US$37.57B)

Cap (US$)

China Coal Energy…

22.78B

6.064x

Yankuang Energy Group…

20.53B

7.412x

Inner Mongolia Dian…

12.81B

8.048x

Adani Enterprises…

39.43B

67.05x

Capital

TTM

10Y

Leveragex

1.792

1.274

1.087

EBIT/Intx

1.759

0.106

0.097

Own earn%

(50.30)

(43.42)

(45.63)

Sh yield%

44.84

29.56

28.23

Owners

Insiders/Inst%

6.14

65.06

Short interest%

4.29

SBC / revenue%

1.20

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

30–35

$1 testx

—

Incr. ROIC%

Shaanxi Coal Industry Company Limited, together with its subsidiaries, engages in the production and sales of coal and electricity in China and internationally. The company’s coal properties are primarily located in Northern Shaanxi, Weibei, and Binhuang. Its coal products are mainly used in the power, chemical, and metallurgical industries. The company was founded in 2008 and is based in Xi'an, China.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥65.09B

8.53%

1.00×

Cost of revenue

¥45.56B

8.53%

1.00×

Operating expenses

¥12.34B

8.84%

1.03×