Datang International Power Generation Co Ltd Class A (601991) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Datang International Power Generation Co Ltd Class A stock ¥3.65, price ¥4.77, that is 23.5% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range ¥2.14 – ¥9.18 · fair‑value band ¥2.40 – ¥6.93 · the ¥4.77 price screens above the ¥3.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.
Follow Datang International Power Generation Co Ltd Class A in your weekly email
Every Wednesday you see whether Datang International Power Generation Co Ltd Class A is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Datang International Power Generation Co., Ltd., together with its subsidiaries, engages in power generation business in the People's Republic of China. It operates in Power and Heat Generation, and Other segments.
Show moreShow less
The company generates electricity through various sources, such as coal-fired, thermal, hydro, wind, nuclear, and solar.
It also engages in the supply of heat; trading and cargo shipping businesses; production and sale of alumina; sale of coal ash and integrated application of solid wastes; wholesale and trading of coal; and power and heat trading activities.
The company was formerly known as Beijing Datang Power Generation Co., Ltd and changed its name to Datang International Power Generation Co., Ltd. in April 2004. Datang International Power Generation Co., Ltd. was incorporated in 1994 and is based in Beijing, the People's Republic of China.
Stock analysis
Datang International Power Generation Co Ltd Class A (601991) currently trades at ¥4.77, while our model-based Fair Value estimate is ¥3.65, 23% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥6.45 per share, and 11 of the 25 models we run sit above the ¥4.77 price.
Bear case: the Asset-Based group reads lowest at ¥0.9900, and 14 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥2.40 (bear) to ¥6.93 (bull), the price of ¥4.77 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 50/100 (solid quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Datang International Power Generation Co Ltd Class A reported revenue of 121B CNY in FY2025 versus 104B CNY in FY2021, a compound +3.9%/yr. Reported net income was 7.4B CNY in FY2025.
Key figures
Market cap 95.7B CNY (≈ $14.4B) Large · P/E ratio 13.6 · P/S ratio 1.06 · EPS (TTM) ¥0.3800 · Dividend yield 3.4% · Net margin 6.8% · Return on equity 10.4% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −48% fair-value upside, at −23%, 601991 screens cheaper than that median.
Fair Value models
Bear¥2.40Fair Value ¥3.65Bull¥6.93
Price ¥4.77 · Downside -23.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.1860 per share) are deliberately not added.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.Coverage ⓘCoverage = 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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.2%
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.
+1.1%
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.
+4.8%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 23 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.
+1.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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 5 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+43.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+39.9%
Dividend (yield on the price)3.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.29.2% vs 8.7%, picking up
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.7% → 14%
2025 sits 152% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +6.6% a year for the price and +0.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (6 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
AI conclusion: Limited durable moat leaves the business exposed in a regulated sector while its expanding clean capacity offers the main path to lower fuel-price sensitivity.
Main risk: Electricity market reforms and rising renewable capacity could intensify competition and push down realized electricity prices, squeezing margins for the company's generation assets.
Bull case: By accelerating renewable expansion and refining market trading the company could secure stable revenues from higher-value green power despite sector shifts.
Bear case: If competition from renewables intensifies and thermal utilization drops sharply the company could face sustained pressure on output and margins in its core generation business.
Datang International lifted nine-month on-grid generation as gas-fired and renewable output offset weaker coal performance. Third-quarter attributable profit however fell nearly 59 percent year on year, driven mainly by higher fuel costs in its still coal-heavy fleet. Our models see the shares as overvalued. Will the rising share of clean capacity finally ease fuel-price sensitivity, or will cost volatility continue to weigh on results?
Compare Datang International Power Generation Co Ltd Class A with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 - Independent Power Producers · 77 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Above median
Fair Value upside−23.5% · Below median
Profitability
Return on equity (12 months)10.4% · Above median
Return on assets3.0% · Above median
Net margin (12 months)9.2% · Below median
Operating margin (12 months)15.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.3% · Above median
Dividend yield (12 months)3.4% · Above median
Balance sheet
Debt / equity3.55× · Highest 25%
Valuation Multiplesvs Utilities - Independent Power Producers median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Datang International Power Generation Co Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/601991
Frequently asked questions
Is Datang International Power Generation Co Ltd Class A (601991) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥3.65 versus a price of ¥4.77, about 23% lower (overvalued).
What is the fair value of 601991?
Our model-based fair value for Datang International Power Generation Co Ltd Class A is ¥3.65 (as of Nov 3, 2026), built from audited fundamentals. The current price: ¥4.77.
What is the quality score of 601991?
Datang International Power Generation Co Ltd Class A has a Quality Score of 50/100. 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 Datang International Power Generation Co Ltd Class A (601991)?
Our model-based price target is the fair value of ¥3.65 (as of Nov 3, 2026) from 26 valuation models. Cautious scenario ¥2.40, optimistic scenario ¥6.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Datang International Power Generation Co Ltd Class A stock forecast for 2026?
Our models put fair value at ¥3.65, about 23% lower versus a price of ¥4.77 (overvalued). Cautious scenario ¥2.40, optimistic scenario ¥6.93. The calculation is refreshed regularly with new filings.
What is the revenue of Datang International Power Generation Co Ltd Class A (601991)?
Datang International Power Generation Co Ltd Class A reported trailing-twelve-month revenue of about 122B CNY (latest available figure, as of Nov 3, 2026).
Does Datang International Power Generation Co Ltd Class A pay a dividend?
Datang International Power Generation Co Ltd Class A currently shows a dividend yield of 3.38% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Datang International Power Generation Co Ltd Class A (601991)?
For today's price to be fair in a discounted-cash-flow model, Datang International Power Generation Co Ltd Class A would have to grow free cash flow by +8.4 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 601991 use?
Our models discount Datang International Power Generation Co Ltd Class A at 9.2 %: a base by market capitalisation (large), damped by beta 0.71, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Datang International Power Generation Co Ltd Class A that is +8.4 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Datang International Power Generation Co Ltd Class A (601991) delivered so far?
Over the past 5 years revenue at Datang International Power Generation Co Ltd Class A grew +4.8 % a year. The price currently implies +8.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Datang International Power Generation Co Ltd Class A (601991) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Datang International Power Generation Co Ltd Class A (+8.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Datang International Power Generation Co Ltd Class A (601991)?
The free-cash-flow yield on the price is 13.46 %: that much free cash flow Datang International Power Generation Co Ltd Class A produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Datang International Power Generation Co Ltd Class A (601991)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Datang International Power Generation Co Ltd Class A it is ¥3.65 per share (as of Nov 3, 2026), against a price of ¥4.77. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Datang International Power Generation Co Ltd Class A stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 601991 trades above its calculated fair value: price ¥4.77, fair value ¥3.65, a gap of about −23% (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 601991?
No. The price is what the market pays today (¥4.77); the fair value is what the company's own numbers justify (¥3.65). For Datang International Power Generation Co Ltd Class A the two are ¥1.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Datang International Power Generation Co Ltd Class A worth?
The market values Datang International Power Generation Co Ltd Class A at about 95.7B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥4.77; our models calculate a fair value of ¥3.65 per share.
What do the bullish and bearish scenarios say about 601991?
Our models span a range for Datang International Power Generation Co Ltd Class A: cautious scenario ¥2.40, base ¥3.65, optimistic ¥6.93 per share (as of Nov 3, 2026, price ¥4.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601991?
Datang International Power Generation Co Ltd Class A trades at a price-to-earnings ratio of 13.6 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥3.65 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), reported earnings: 32.8. Other multiples: PEG 3.1, P/B 2.8, P/S 1.1, EV/EBITDA 8.4.
What is the PEG ratio of 601991?
The PEG ratio of Datang International Power Generation Co Ltd Class A is 3.12 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Datang International Power Generation Co Ltd Class A (601991)?
Balance-sheet figures for Datang International Power Generation Co Ltd Class A (as of Nov 3, 2026): return on equity 10.4%, debt of 3.55 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 601991 from its 52-week high?
Datang International Power Generation Co Ltd Class A trades at ¥4.77, about 48% below its 52-week high of ¥9.18 and 39% above the low of ¥3.43 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.65 is for.
Which stocks are comparable to Datang International Power Generation Co Ltd Class A?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, 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 Datang International Power Generation Co Ltd Class A stock attractive at the current price?
The data as of Nov 3, 2026: price ¥4.77, calculated fair value ¥3.65 (−23%), Quality Score 50/100, from 26 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 601991 calculated?
We run Datang International Power Generation Co Ltd Class A through 26 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 ¥3.65, 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 15.5% above its aggregate fair value. Datang International Power Generation Co Ltd Class A 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 Datang International Power Generation Co Ltd Class A (601991)?
The closing price on Nov 5, 2026 was ¥4.77. Our model-based fair value is ¥3.65, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Datang International Power Generation Co Ltd Class A right now?
The model range is unusually wide (¥2.40 to ¥6.93). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Datang International Power Generation Co Ltd Class A (601991) come from?
Earnings per share at Datang International Power Generation Co Ltd Class A grew +3.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.1 %, EBIT margin +1.7 %, tax rate +4.9 %, residual (interest, one-offs) −5.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Datang International Power Generation Co Ltd Class A
How large is the market capitalisation of Datang International Power Generation Co Ltd Class A (601991)?
The market capitalisation of Datang International Power Generation Co Ltd Class A is 95.7B CNY (≈ $14.4B). 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 Datang International Power Generation Co Ltd Class A (601991)?
The price-to-sales ratio of Datang International Power Generation Co Ltd Class A is 1.06 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Datang International Power Generation Co Ltd Class A (601991)?
Earnings per share at Datang International Power Generation Co Ltd Class A are ¥0.3800 (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Datang International Power Generation Co Ltd Class A (601991)?
The dividend yield of Datang International Power Generation Co Ltd Class A is 3.4% (payout 42.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Datang International Power Generation Co Ltd Class A (601991)?
The net margin of Datang International Power Generation Co Ltd Class A is 6.8% (last twelve months). 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 Datang International Power Generation Co Ltd Class A (601991)?
The return on equity (ROE) of Datang International Power Generation Co Ltd Class A is 10.4% (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 Datang International Power Generation Co Ltd Class A (601991)?
On an EBIT basis the return on assets of Datang International Power Generation Co Ltd Class A is 1.2% (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 Datang International Power Generation Co Ltd Class A (601991)?
The operating margin of Datang International Power Generation Co Ltd Class A is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Datang International Power Generation Co Ltd Class A (601991)?
Revenue at Datang International Power Generation Co Ltd Class A is growing +4.3% versus a year earlier (3y avg +1.1%). 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 Datang International Power Generation Co Ltd Class A (601991)?
Earnings per share at Datang International Power Generation Co Ltd Class A are growing +20.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Datang International Power Generation Co Ltd Class A (601991) carry?
The net debt of Datang International Power Generation Co Ltd Class A is 238B CNY (fiscal year 2025, ≈ 20.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Datang International Power Generation Co Ltd Class A in the live analysis
One click puts Datang International Power Generation Co Ltd Class A on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 3, 2026