Kunlun Energy Company (0135) Fair Value & Analysis
Energy · HK · Market cap HK$55.5B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated today
Fair value updated Aug 13, 2026, revised from HK$11.91 to HK$11.93 (+0.2%) since Aug 2, 2026. Share price +2.4% over the past month.
A solid business, screening 72% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$8.95). The market is more pessimistic than our downside scenario.
- Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
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 HK$3.92 – HK$8.47 · fair‑value band HK$8.95 – HK$14.91 · the HK$6.93 price screens below the HK$11.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Kunlun Energy Company (0135) currently trades at HK$6.93, while our model-based Fair Value estimate is HK$11.93, implying the stock looks roughly 72.3% undervalued today. The Quality Score stands at 60/100 (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, Kunlun Energy Company generated revenue of HK$194B at a net margin of 2.8%. Revenue grew 2.5% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of HK$9.9B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$8.95 (bear case) to HK$14.91 (bull case); at HK$6.93, 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 20% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -56% fair-value upside, at 72%, 0135 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.
All 26 models by family
Widest divergence: Growth DCF (HK$26.33) versus Dividend Discount (HK$5.00). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 48
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
Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the Republic of Kazakhstan, the Sultanate of Oman, and the Kingdom of Thailand.
Full company description
Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the Republic of Kazakhstan, the Sultanate of Oman, and the Kingdom of Thailand. The company operates through Natural Gas Sales; Sales of Liquefied Petroleum Gas (LPG); Liquefied Natural Gas (LNG) Processing and Terminal; and Exploration and Production segments. It is also involved in the processing, unloading, storing, gasification, and entrucking of LNG; trading, distribution, and retail sale of various natural gas products; and wholesale and retail of various LPG products. The company was formerly known as CNPC (Hong Kong) Limited and changed its name to Kunlun Energy Company Limited in March 2010. Kunlun Energy Company Limited was incorporated in 1991 and is based in Hong Kong, Hong Kong. Kunlun Energy Company Limited operates as a subsidiary of PetroChina Hong Kong Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kunlun Energy Company reported revenue of HK$189B in FY2025 versus HK$139B in FY2021, a compound +8.1%/yr. Reported net income was HK$5.2B in FY2025, compounding −31.0%/yr from FY2021.
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Peer Group
Oil & Gas Refining & Marketing · 115 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 Refining & Marketing 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.
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 Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Reliance Industries Limited RELIANCE | ₹1,329 | ₹751.26 | -43% |
| Valero Energy Corporation VLO | $330.21 | $127.32 | -61% |
| Marathon Petroleum Corporation MPC | $348.25 | $133.18 | -62% |
| Phillips 66 PSX | $225.58 | $99.41 | -56% |
| Neste Oyj NESTE | €29.61 | €3.83 | -87% |
| Formosa Petrochemical Corporation 6505 | 70.20 TWD | 15.32 TWD | -78% |
| HF Sinclair Corporation DINO | $87.93 | $44.96 | -49% |
| Bharat Petroleum Corporation BPCL | ₹317.00 | ₹846.81 | +167% |
| SK Innovation Co 096770 | 122,400 KRW | 53,541 KRW | -56% |
| S-Oil Corporation 010950 | 140,900 KRW | 19,441 KRW | -86% |
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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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