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STOCK COMPARISON

China Yangtze Power Co vs Meridian Energy: Fair Value & Quality

Both stocks run through our valuation models. Here is how China Yangtze Power Co (600900) and Meridian Energy (MEZ) compare, as of Sep 22, 2026.

As of Sep 22, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: China Yangtze Power Co trades at ¥28.27 versus a fair value of ¥31.31 (+11%), while Meridian Energy trades at A$4.30 versus A$2.14 (-50%).
China Yangtze Power Co
600900.SHG · CNY · Utilities
+11%
upside to fair value
undervalued
Price¥28.27
Fair Value¥31.31
Quality57/100
Meridian Energy
MEZ.AU · AUD · Utilities
-50%
upside to fair value
overvalued
PriceA$4.30
Fair ValueA$2.14
Quality38/100
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Head-to-head numbers

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

China Yangtze Power CoMeridian Energy
Valuation
19.6×P/E (TTM)
7.84×P/S (TTM)2.00×
2.94×P/B1.03×
13.1×EV/EBITDA22.9×
PEG0.77×
+10.7%Fair value upside−50.2%
3.5%Dividend yield4.9%
¥1.00Dividend per shareA$0.21
Profitability
49%Operating margin18%
0.82×EBIT margin trend (5Y)0.97×
16%Return on equity-1%
5%Return on assets-0%
Growth
6%Revenue growth (YoY)-11%
8.4%Avg. growth/yr (3Y)8.3%
8.7%Avg. growth/yr (5Y)7.2%
+7.4%Value creation/yr
Balance & size
4.4×Interest coverage (EBIT/interest)8.5×
0.87×Debt / equity0.14×
$102BMarket cap$9B
expensiveGrowth qualitymixed

Meridian Energy leads: 6 to 7 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.

China Yangtze Power Coof which business quality 54 · market factors 67 Meridian Energyof which business quality 38 · market factors 40
ProfitabilityMargins and returns on capital today
44
16
Quality GrowthAre margins and returns improving?
28
29
CashflowEarnings quality: real cash, not paper profit
86
24
Fin. StrengthBalance sheet, leverage, solvency risk
36
55
InvestmentDisciplined investing over empire-building
65
40
Low VolatilityCalm price path (market factor)
100
81
MomentumPrice trend over the last 3–12 months (market factor)
48
32
52W MomentumDistance to the 52-week high (market factor)
63
9
Net IssuanceShare count: buybacks or dilution?
69
76

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 familyChina Yangtze Power CoPrice ¥28.27Meridian EnergyPrice A$4.30
DCF Models-7%close to the price¥26.40-50%below the priceA$2.15
Earnings-Based-39%below the price¥17.18-47%below the priceA$2.28
Dividend Discount-7%close to the price¥26.19n/a
Multiples-39%below the price¥17.26-16%below the priceA$3.63
Asset-Based-77%below the price¥6.38-47%below the priceA$2.26
Growth DCF-21%below the price¥22.39-67%below the priceA$1.42
Economic Profit-63%below the price¥10.45-47%below the priceA$2.28
Growth Earnings-12%close to the price¥24.89n/a
Minimum-77%below the price¥6.38-67%below the priceA$1.42
Maximum-7%close to the price¥26.40-16%below the priceA$3.63
Median-30%below the price¥19.82-47%below the priceA$2.27
Geometric mean-39%below the price¥17.19-48%below the priceA$2.25

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%.

China Yangtze Power Co: 21 of 26 models see the stock below the current price.

Meridian Energy: 13 of 13 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.

China Yangtze Power Co
Price ¥28.27
Fair Value ¥31.31
Bear ¥20.52Bull ¥40.31
Meridian Energy
Price A$4.30
Fair Value A$2.14
Bear A$1.75Bull A$3.22

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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.

China Yangtze Power Co · Utilities

Quality score57 · Top 25%
Fair value upside+11% · above median

Meridian Energy · Utilities

Quality score38 · bottom 25%
Fair value upside-50% · bottom 25%

Bottom line

As of Sep 22, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: China Yangtze Power Co trades at ¥28.27 versus a fair value of ¥31.31 (+11%), while Meridian Energy trades at A$4.30 versus A$2.14 (-50%).

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

See the full analysis →

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