Shenzhen Nanshan Power Co Ltd (000037) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shenzhen Nanshan Power Co Ltd stock ¥2.56, price ¥8.83, that is 71.0% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
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 5, 2026.
How to read this chart
60‑month range ¥5.14 – ¥14.22 · fair‑value band ¥2.35 – ¥2.88 · the ¥8.83 price screens above the ¥2.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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Shenzhen Nanshan Power Co., Ltd., together with its subsidiaries, engages in the power and heat generation business in China. It operates through three segments: Power Generation and Sales, Integrated Energy Services, and Other.
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The company is involved in technical consulting services for the construction of gas-steam combined-cycle power plants; and gas turbine power generation, waste heat power generation, and power and heat supply.
It also offers maintenance and overhaul of operating equipment for gas-steam combined cycle power plants; import and export of goods and technology; and leasing of terminals, oil depots, and power equipment facilities, as well as land use rights and leasing of nonresidential real estate properties.
Shenzhen Nanshan Power Co., Ltd. was incorporated in 1990 and is headquartered in Shenzhen, China.
Stock analysis
Shenzhen Nanshan Power Co Ltd (000037) currently trades at ¥8.83, while our model-based Fair Value estimate is ¥2.56, 71% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥3.66 per share, and 0 of the 11 models we run sit above the ¥8.83 price.
Bear case: the DCF Models group reads lowest at ¥0.8000, and 11 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥2.35 (bear) to ¥2.88 (bull), the price of ¥8.83 sits above 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 54/100 (solid quality), in the Utilities sector.
Mixed Growth: Spin-off in 2006: revenue and profit before it include the divested business. Growth is measured afresh from 2006.
Shenzhen Nanshan Power Co Ltd reported revenue of 402M CNY in FY2025 versus 757M CNY in FY2021, a compound −14.7%/yr. Reported net income was 161M CNY in FY2025.
Key figures
Market cap 5.3B CNY (≈ $799M) Small · P/E ratio 25.3 · P/S ratio 11.5 · EPS (TTM) ¥0.3300 · Dividend yield 3.6% · Net margin 46.4% · Return on equity 18.9% · Return on assets (EBIT) −4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (medium confidence).
What moves the price
The share trades about 32% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at −71%, 000037 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.0300 to ¥5.00). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥2.35Fair Value ¥2.56Bull¥2.88
Price ¥8.83 · Downside -71.0%
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 (¥0.0085 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.55/100
Spin-off in 2006: revenue and profit before it include the divested business. Growth is measured afresh from 2006.
Revenue growth 1 year
−9.3%
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.
−16.7%
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.
−16.4%
Start year 2020 (pandemic). Over 10 years: −11.4% a year
Revenue growth 19 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.
−11.2%
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What shareholders gained per year (last 5 years) ⓘ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.
≈ +33.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.4%
Dividend (yield on the price)3.6%
Per share before 2006divided by the spin-off factor 1.2347
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.29.4% vs −18.9%, 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.6% → −3%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 9.8%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Approximate: the rate leans on 2025, which sits 1,136% above its own trend.
Compare Shenzhen Nanshan Power Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 - Regulated Electric · 156 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Top 25%
Fair Value upside−71.0% · Bottom 25%
Profitability
Return on equity (12 months)18.9% · Top 25%
Return on assets11.0% · Top 25%
Net margin (12 months)73.5% · Top 25%
Operating margin (12 months)1.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.5% · Below median
Dividend yield (12 months)3.6% · Above median
Balance sheet
Debt / equity0.10× · Lowest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/E (12 months)25.3× · Priciest 25%
P/B3.17× · Priciest 25%
P/S (12 months)19.30× · Priciest 25%
PEG43.65× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 13
FUTURE (revenue growth)18· sector 24
PAST (return on equity)75· sector 39
HEALTH (low debt)95· sector 52
DIVIDEND (yield)72· sector 63
VALUE 0: the price sits above our fair-value range.
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). "Shenzhen Nanshan Power Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000037
Frequently asked questions
Is Shenzhen Nanshan Power Co Ltd (000037) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥2.56 versus a price of ¥8.83, about 71% lower (overvalued).
What is the fair value of 000037?
Our model-based fair value for Shenzhen Nanshan Power Co Ltd is ¥2.56 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥8.83.
What is the quality score of 000037?
Shenzhen Nanshan Power Co Ltd has a Quality Score of 54/100. 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 Shenzhen Nanshan Power Co Ltd (000037)?
Our model-based price target is the fair value of ¥2.56 (as of Nov 5, 2026) from 11 valuation models. Cautious scenario ¥2.35, optimistic scenario ¥2.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenzhen Nanshan Power Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.56, about 71% lower versus a price of ¥8.83 (overvalued). Cautious scenario ¥2.35, optimistic scenario ¥2.88. The calculation is refreshed regularly with new filings.
What is the revenue of Shenzhen Nanshan Power Co Ltd (000037)?
Shenzhen Nanshan Power Co Ltd reported trailing-twelve-month revenue of about 437M CNY (latest available figure, as of Nov 5, 2026).
Does Shenzhen Nanshan Power Co Ltd pay a dividend?
Shenzhen Nanshan Power Co Ltd currently shows a dividend yield of 3.62% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Shenzhen Nanshan Power Co Ltd (000037) and when is the ex-dividend date?
Shenzhen Nanshan Power Co Ltd pays a dividend of ¥0.32 per share a year, a dividend yield of 3.6%. The last ex-dividend date was Jun 22, 2026. The payout ratio is 97.0% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Shenzhen Nanshan Power Co Ltd (000037)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenzhen Nanshan Power Co Ltd it is ¥2.56 per share (as of Nov 5, 2026), against a price of ¥8.83. It is the blended result of 11 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Shenzhen Nanshan Power Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 000037 trades above its calculated fair value: price ¥8.83, fair value ¥2.56, a gap of about −71% (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 000037?
No. The price is what the market pays today (¥8.83); the fair value is what the company's own numbers justify (¥2.56). For Shenzhen Nanshan Power Co Ltd the two are ¥6.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenzhen Nanshan Power Co Ltd worth?
The market values Shenzhen Nanshan Power Co Ltd at about 5.3B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥8.83; our models calculate a fair value of ¥2.56 per share.
What do the bullish and bearish scenarios say about 000037?
Our models span a range for Shenzhen Nanshan Power Co Ltd: cautious scenario ¥2.35, base ¥2.56, optimistic ¥2.88 per share (as of Nov 5, 2026, price ¥8.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000037?
Shenzhen Nanshan Power Co Ltd trades at a price-to-earnings ratio of 25.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥2.56 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 183.9. Other multiples: PEG 43.7, P/B 3.2, P/S 19.3.
What is the PEG ratio of 000037?
The PEG ratio of Shenzhen Nanshan Power Co Ltd is 43.65 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Shenzhen Nanshan Power Co Ltd (000037)?
Balance-sheet figures for Shenzhen Nanshan Power Co Ltd (as of Nov 5, 2026): return on equity 18.9%, debt of 0.10 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 000037 from its 52-week high?
Shenzhen Nanshan Power Co Ltd trades at ¥8.83, about 32% below its 52-week high of ¥12.98 and 11% above the low of ¥7.98 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.56 is for.
Which stocks are comparable to Shenzhen Nanshan Power Co Ltd?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, 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 Shenzhen Nanshan Power Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥8.83, calculated fair value ¥2.56 (−71%), Quality Score 54/100, from 11 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 000037 calculated?
We run Shenzhen Nanshan Power Co Ltd through 11 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥2.56 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Shenzhen Nanshan Power Co Ltd 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 Shenzhen Nanshan Power Co Ltd (000037)?
The closing price on Nov 6, 2026 was ¥8.83. Our model-based fair value is ¥2.56, about 71% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenzhen Nanshan Power Co Ltd right now?
The price sits above even our optimistic bull case (¥2.88). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Shenzhen Nanshan Power Co Ltd
How large is the market capitalisation of Shenzhen Nanshan Power Co Ltd (000037)?
The market capitalisation of Shenzhen Nanshan Power Co Ltd is 5.3B CNY (≈ $799M). 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 Shenzhen Nanshan Power Co Ltd (000037)?
The price-to-sales ratio of Shenzhen Nanshan Power Co Ltd is 11.5 (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 Shenzhen Nanshan Power Co Ltd (000037)?
Earnings per share at Shenzhen Nanshan Power Co Ltd are ¥0.3300 (price ÷ EPS = P/E 25.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenzhen Nanshan Power Co Ltd (000037)?
The dividend yield of Shenzhen Nanshan Power Co Ltd is 3.6% (payout 97.0%). 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 Shenzhen Nanshan Power Co Ltd (000037)?
The net margin of Shenzhen Nanshan Power Co Ltd is 46.4% (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 Shenzhen Nanshan Power Co Ltd (000037)?
The return on equity (ROE) of Shenzhen Nanshan Power Co Ltd is 18.9% (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 Shenzhen Nanshan Power Co Ltd (000037)?
On an EBIT basis the return on assets of Shenzhen Nanshan Power Co Ltd is −4.6% (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 Shenzhen Nanshan Power Co Ltd (000037)?
The operating margin of Shenzhen Nanshan Power Co Ltd is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenzhen Nanshan Power Co Ltd (000037)?
Revenue at Shenzhen Nanshan Power Co Ltd is growing +3.5% versus a year earlier (3y avg −16.7%). 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 Shenzhen Nanshan Power Co Ltd (000037)?
Earnings per share at Shenzhen Nanshan Power Co Ltd are growing +169% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shenzhen Nanshan Power Co Ltd (000037) generate?
The free cash flow of Shenzhen Nanshan Power Co Ltd is −216M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shenzhen Nanshan Power Co Ltd (000037) carry?
The net debt of Shenzhen Nanshan Power Co Ltd is 199M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026