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STOCK COMPARISON

GCL New Energy Holdings vs China Yangtze Power Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how GCL New Energy Holdings (0451) and China Yangtze Power Co (600900) compare, as of Sep 30, 2026.

As of Sep 30, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: GCL New Energy Holdings trades at HK$0.49 versus a fair value of HK$0.26 (−45.7%), while China Yangtze Power Co trades at ¥28.54 versus ¥31.20 (+9.3%).
GCL New Energy Holdings
0451.HK · HKD · Utilities
−45.7%
upside to fair value
overvalued
PriceHK$0.49
Fair ValueHK$0.26
Quality25/100
China Yangtze Power Co
600900.SHG · CNY · Utilities
+9.3%
upside to fair value
fairly valued
Price¥28.54
Fair Value¥31.20
Quality58/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

GCL New Energy HoldingsChina Yangtze Power Co
Valuation
n/aP/E (TTM)19.3×
n/aForward P/E (FY2027)18.9×
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)19.2×
0.18×P/S (TTM)7.98×
0.43×P/B3.00×
n/aEV/EBITDA13.3×
−45.7%Fair value upside+9.3%
n/aDividend yield2.8%
n/aDividend per share¥0.79
Profitability
-18.1%Operating margin53.1%
n/aEBIT margin trend (5Y)0.82×
-25.6%Return on equity16.4%
-1.1%Return on assets5.3%
Growth
-33.2%Revenue growth (YoY)0.7%
3.7%Avg. growth/yr (3Y)8.4%
-27.1%Avg. growth/yr (5Y)8.7%
n/aValue creation/yr+6.7%
Balance & size
n/aInterest coverage (EBIT/interest)4.4×
1.76×Debt / equity0.87×
$194MMarket cap$104B
weakGrowth qualityexpensive
China Yangtze Power Co, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 19.2.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

China Yangtze Power Co leads: 2 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

GCL New Energy Holdingsof which business quality 27 · market factors 7 China Yangtze Power Coof which business quality 54 · market factors 67
ProfitabilityMargins and returns on capital today
1
44
Quality GrowthAre margins and returns improving?
22
28
CashflowEarnings quality: real cash, not paper profit
56
86
Fin. StrengthBalance sheet, leverage, solvency risk
6
36
InvestmentDisciplined investing over empire-building
100
65
Low VolatilityCalm price path (market factor)
22
100
MomentumPrice trend over the last 3–12 months (market factor)
0
49
52W MomentumDistance to the 52-week high (market factor)
0
60
Net IssuanceShare count: buybacks or dilution?
0
69

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyGCL New Energy HoldingsPrice HK$0.49China Yangtze Power CoPrice ¥28.54
DCF Models−25.8%below the priceHK$0.36−3.1%close to the price¥27.65
Earnings-Basedn/a−39.8%below the price¥17.18
Dividend Discountn/a−15.5%below the price¥24.12
Multiples−27.8%below the priceHK$0.35−39.5%below the price¥17.26
Asset-Based−58.8%below the priceHK$0.20−77.6%below the price¥6.38
Growth DCF−21.6%below the priceHK$0.38−13.5%close to the price¥24.68
Economic Profitn/a−65.6%below the price¥9.82
Growth Earningsn/a−12.8%close to the price¥24.89
Minimum−58.8%below the priceHK$0.20−77.6%below the price¥6.38
Maximum−21.6%below the priceHK$0.38−3.1%close to the price¥27.65
Median−26.8%below the priceHK$0.36−27.5%below the price¥20.69
Geometric mean−35.5%below the priceHK$0.31−39.8%below the price¥17.19

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

GCL New Energy Holdings: 7 of 7 models see the stock below the current price.

China Yangtze Power Co: 22 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

GCL New Energy Holdings
Price HK$0.49
Fair Value HK$0.26
Bear HK$0.15Bull HK$0.37
China Yangtze Power Co
Price ¥28.54
Fair Value ¥31.20
Bear ¥21.64Bull ¥40.17

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

GCL New Energy Holdings · Utilities

Quality score25 · bottom 25%
Fair value upside−45.7% · below median

China Yangtze Power Co · Utilities

Quality score58 · Top 25%
Fair value upside+9.3% · above median

Bottom line

As of Sep 30, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: GCL New Energy Holdings trades at HK$0.49 versus a fair value of HK$0.26 (−45.7%), while China Yangtze Power Co trades at ¥28.54 versus ¥31.20 (+9.3%).

China Yangtze Power Co has the higher quality score (58/100).

Open China Yangtze Power Co live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.