600121 (Zhengzhou Coal Industry & Electric Power Co Ltd) vs Shanghai Composite comparison

600121

Shanghai Composite

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600121

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600121

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Back to Zhengzhou Coal Industry & Electric Power Co Ltd Analysis

Zhengzhou Coal Industry & Electric Power Co Ltd
Glance View

Market Cap

4.8B CNY

Industry

Energy

Zhengzhou Coal Industry & Electric Power Co., Ltd. engages in the operation of coal, electric power, and logistics businesses. The company is headquartered in Zhengzhou, Henan and currently employs 13,099 full-time employees. The firm operates through three segments: Coal segment, Electric Power segment and Logistics segment. Coal segment mainly produces industrial power coals, such as lean coal, meager coal and anthracite coal. Electric Power segment provides the Company with electric power for production, as well as involves in the sale of electric power. Logistics segment provides supply of materials and material equipment for the Company and downstream companies; material equipment include coal mining machines, roadheaders, belt conveyors, scrapers, emulsion pumps, water pumps, motors and drills, while materials include steel, wood and accessories. The firm also involves in rail transportation business. The firm operates business in domestic market.

View Zhengzhou Coal Industry & Electric Power Co Ltd Analysis

Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

CN		China Shenhua Energy Co Ltd SSE:601088	Add
ID		Bayan Resources Tbk PT IDX:BYAN	Add
ZA	E	Exxaro Resources Ltd JSE:EXX	Add
CN		Shaanxi Coal Industry Co Ltd SSE:601225	Add
IN		Coal India Ltd NSE:COALINDIA	Add
CA	C	Cameco Corp NYSE:CCJ	Add
CN		China Coal Energy Co Ltd SSE:601898	Add
ZA	T	Thungela Resources Ltd JSE:TGA	Add
ID		Dian Swastatika Sentosa Tbk PT IDX:DSSA	Add
CN		Yankuang Energy Group Co Ltd SSE:600188	Add

CN		China Shenhua Energy Co Ltd SSE:601088	Select
ID		Bayan Resources Tbk PT IDX:BYAN	Select
ZA	E	Exxaro Resources Ltd JSE:EXX	Select
CN		Shaanxi Coal Industry Co Ltd SSE:601225	Select
IN		Coal India Ltd NSE:COALINDIA	Select
CA	C	Cameco Corp NYSE:CCJ	Select
CN		China Coal Energy Co Ltd SSE:601898	Select
ZA	T	Thungela Resources Ltd JSE:TGA	Select
ID		Dian Swastatika Sentosa Tbk PT IDX:DSSA	Select
CN		Yankuang Energy Group Co Ltd SSE:600188	Select

CN		China Shenhua Energy Co Ltd SSE:601088	Add
ID		Bayan Resources Tbk PT IDX:BYAN	Add
ZA	E	Exxaro Resources Ltd JSE:EXX	Add
CN		Shaanxi Coal Industry Co Ltd SSE:601225	Add
IN		Coal India Ltd NSE:COALINDIA	Add
CA	C	Cameco Corp NYSE:CCJ	Add
CN		China Coal Energy Co Ltd SSE:601898	Add
ZA	T	Thungela Resources Ltd JSE:TGA	Add
ID		Dian Swastatika Sentosa Tbk PT IDX:DSSA	Add
CN		Yankuang Energy Group Co Ltd SSE:600188	Add

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600121

vs

Shanghai Composite

Stocks Performance
600121 vs Shanghai Composite

Performance Gap
600121 vs Shanghai Composite

Performance By Year
600121 vs Shanghai Composite

Zhengzhou Coal Industry & Electric Power Co Ltd
Glance View

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600121 vs Shanghai Composite

Stocks Performance 600121 vs Shanghai Composite

Performance Gap 600121 vs Shanghai Composite

Performance By Year 600121 vs Shanghai Composite

Zhengzhou Coal Industry & Electric Power Co Ltd Glance View

Company

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600121

vs

Shanghai Composite

Stocks Performance
600121 vs Shanghai Composite

Performance Gap
600121 vs Shanghai Composite

Performance By Year
600121 vs Shanghai Composite

Zhengzhou Coal Industry & Electric Power Co Ltd
Glance View