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STOCK COMPARISON

Chongqing Three Gorges Water Conservancy and Electric Power Co vs China Yangtze Power Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how Chongqing Three Gorges Water Conservancy and Electric Power Co (600116) and China Yangtze Power Co (600900) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: Chongqing Three Gorges Water Conservancy and Electric Power Co trades at ¥6.08 versus a fair value of ¥4.20 (-31%), while China Yangtze Power Co trades at ¥28.08 versus ¥30.89 (+10%).
Chongqing Three Gorges Water Conservancy and Electric Power Co
600116.SHG · CNY · Utilities
-31%
upside to fair value
overvalued
Price¥6.08
Fair Value¥4.20
Quality46/100
China Yangtze Power Co
600900.SHG · CNY · Utilities
+10%
upside to fair value
undervalued
Price¥28.08
Fair Value¥30.89
Quality57/100
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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

Chongqing Three Gorges Water Conservancy and Electric Power CoChina Yangtze Power Co
Valuation
24.3×P/E (TTM)19.1×
1.11×P/S (TTM)7.87×
1.03×P/B2.95×
9.6×EV/EBITDA13.2×
−30.9%Fair value upside+10.0%
2.1%Dividend yield3.6%
¥0.13Dividend per share¥1.00
Profitability
4%Operating margin49%
0.54×EBIT margin trend (5Y)0.82×
4%Return on equity16%
2%Return on assets5%
Growth
14%Revenue growth (YoY)6%
-2.8%Avg. growth/yr (3Y)8.4%
14.1%Avg. growth/yr (5Y)8.7%
−9.0%Value creation/yr+7.5%
Balance & size
3.1×Interest coverage (EBIT/interest)4.4×
0.47×Debt / equity0.87×
$2BMarket cap$103B
weakGrowth qualityexpensive

China Yangtze Power Co leads: 5 to 10 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.

Chongqing Three Gorges Water Conservancy and Electric Power Coof which business quality 46 · market factors 50 China Yangtze Power Coof which business quality 54 · market factors 65
ProfitabilityMargins and returns on capital today
22
44
Quality GrowthAre margins and returns improving?
48
28
CashflowEarnings quality: real cash, not paper profit
42
86
Fin. StrengthBalance sheet, leverage, solvency risk
35
36
InvestmentDisciplined investing over empire-building
67
65
Low VolatilityCalm price path (market factor)
91
100
MomentumPrice trend over the last 3–12 months (market factor)
36
48
52W MomentumDistance to the 52-week high (market factor)
26
54
Net IssuanceShare count: buybacks or dilution?
88
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 familyChongqing Three Gorges Water Conservancy and Electric Power CoPrice ¥6.08China Yangtze Power CoPrice ¥28.08
DCF Modelsn/a-2%close to the price¥27.65
Earnings-Based-36%below the price¥3.92-39%below the price¥17.18
Dividend Discount-49%below the price¥3.08-14%close to the price¥24.12
Multiples-34%below the price¥3.99-39%below the price¥17.26
Asset-Based-35%below the price¥3.96-77%below the price¥6.38
Growth DCFn/a-12%close to the price¥24.68
Economic Profit-53%below the price¥2.84-65%below the price¥9.82
Growth Earnings-13%close to the price¥5.26-11%close to the price¥24.89
Minimum-53%below the price¥2.84-77%below the price¥6.38
Maximum-13%close to the price¥5.26-2%close to the price¥27.65
Median-35%below the price¥3.94-26%below the price¥20.69
Geometric mean-38%below the price¥3.76-39%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%.

Chongqing Three Gorges Water Conservancy and Electric Power Co: 14 of 16 models see the stock below the current price.

China Yangtze Power Co: 20 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.

Chongqing Three Gorges Water Conservancy and Electric Power Co
Price ¥6.08
Fair Value ¥4.20
Bear ¥3.68Bull ¥4.84
China Yangtze Power Co
Price ¥28.08
Fair Value ¥30.89
Bear ¥21.42Bull ¥39.78

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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.

Chongqing Three Gorges Water Conservancy and Electric Power Co · Utilities

Quality score46 · above median
Fair value upside-31% · below median

China Yangtze Power Co · Utilities

Quality score57 · Top 25%
Fair value upside+10% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: Chongqing Three Gorges Water Conservancy and Electric Power Co trades at ¥6.08 versus a fair value of ¥4.20 (-31%), while China Yangtze Power Co trades at ¥28.08 versus ¥30.89 (+10%).

China Yangtze Power Co has the higher quality score (57/100).

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.