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STOCK COMPARISON

Huaneng Power International vs Constellation Energy: Fair Value & Quality

Both stocks run through our valuation models. Here is how Huaneng Power International (600011) and Constellation Energy (CEG) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Huaneng Power International as the less overvalued of the two: Huaneng Power International trades at ¥7.01 versus a fair value of ¥5.75 (-18%), while Constellation Energy trades at $261 versus $89.08 (-66%).
Huaneng Power International
600011.SHG · CNY · Utilities
-18%
upside to fair value
overvalued
Price¥7.01
Fair Value¥5.75
Quality44/100
Constellation Energy
CEG · USD · Utilities
-66%
upside to fair value
overvalued
Price$261
Fair Value$89.08
Quality45/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Huaneng Power InternationalConstellation Energy
Valuation
9.4×P/E (TTM)22.4×
0.47×P/S (TTM)3.08×
1.63×P/B6.34×
5.2×EV/EBITDA12.0×
0.46×PEG3.74×
5.8%Dividend yield0.6%
¥0.40Dividend per share$1.59
Profitability
6%Net margin13%
15%Operating margin22%
9%Return on equity16%
3%Return on assets4%
Growth
-6%Revenue growth (YoY)64%
-2.5%Avg. growth/yr (3Y)1.5%
6.2%Avg. growth/yr (5Y)7.7%
Balance & size
3.19×Debt / equity0.50×
$16BMarket cap$92B
expensiveGrowth qualityhealthy

Constellation Energy leads: 6 to 8 metric wins.

Dash = 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.

Huaneng Power Internationalof which business quality 45 · market factors 45 Constellation Energyof which business quality 52 · market factors 24
ProfitabilityMargins and returns on capital today
35
46
Quality GrowthAre margins and returns improving?
50
43
CashflowEarnings quality: real cash, not paper profit
57
46
Fin. StrengthBalance sheet, leverage, solvency risk
7
43
InvestmentDisciplined investing over empire-building
55
55
Low VolatilityCalm price path (market factor)
72
41
MomentumPrice trend over the last 3–12 months (market factor)
39
20
52W MomentumDistance to the 52-week high (market factor)
24
13
Net IssuanceBuybacks instead of dilution
82
90

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Huaneng Power International

DCF Models¥9.34
Earnings-Based¥9.14
Dividend Discount¥4.75
Multiples¥16.98
Asset-Based¥2.77
Growth DCF¥6.89
Economic Profit¥8.32
Growth Earnings¥15.39

7 of 25 models see the stock below the current price.

Constellation Energy

DCF Models$86.41
Earnings-Based$49.28
Dividend Discount$20.92
Multiples$120
Asset-Based$27.24
Growth DCF$68.37
Economic Profit$54.87
Growth Earnings$107

25 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Huaneng Power International
Bear ¥3.53Fair Value ¥5.75Bull ¥10.73
¥7.01 = current price (white tick)
Constellation Energy
Bear $50.80Fair Value $89.08Bull $133
$261 = current price (white tick)

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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.

Huaneng Power International · Utilities

Quality score44 · below median
Fair value upside-18% · below median

Constellation Energy · Utilities

Quality score45 · below median
Fair value upside-66% · bottom 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Huaneng Power International as the less overvalued of the two: Huaneng Power International trades at ¥7.01 versus a fair value of ¥5.75 (-18%), while Constellation Energy trades at $261 versus $89.08 (-66%).

Constellation Energy has the higher quality score (45/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.