Shenyang Huitian Thermal Power Co Ltd (000692) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Shenyang Huitian Thermal Power Co Ltd ¥3.39, price ¥4.12, upside -17.7%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥1.98 – ¥5.58 · fair‑value band ¥1.57 – ¥5.22 · the ¥4.12 price screens above the ¥3.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Shenyang Huitian Thermal Power Co.,Ltd provides heating and steam supply, and engineering services for residents and non-residents in China. The company offers centralized heating services for various civil and commercial buildings through heating pipe networks, and other equipment and facilities.
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Shenyang Huitian Thermal Power Co.,Ltd provides heating and steam supply, and engineering services for residents and non-residents in China. The company offers centralized heating services for various civil and commercial buildings through heating pipe networks, and other equipment and facilities. It also provides thermal research and design; and thermal engineering installation; hotel; and coal trade services. The company was formerly known as Shenyang Thermal Power Co., Ltd. and changed its name to Shenyang Huitian Thermal Power Co.,Ltd in January 1997. Shenyang Huitian Thermal Power Co.,Ltd was founded in 1980 and is based in Shenyang, China.
Stock analysis
Shenyang Huitian Thermal Power Co Ltd (000692) currently trades at ¥4.12, while our model-based Fair Value estimate is ¥3.39, implying the stock looks roughly 21.5% overvalued today.
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Valuation
How firm this estimate is: it rests on 5 models at a data quality of 94/100, which puts the evidence level at low.
Scenario range: ¥1.57 (bear) to ¥5.22 (bull), the price of ¥4.12 sits inside 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 34/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shenyang Huitian Thermal Power Co Ltd reported revenue of 2.1B CNY in FY2025 versus 2.0B CNY in FY2021, a compound +1.4%/yr. Reported net income was −53.5M CNY in FY2025.
Key figures
Market cap 2.2B CNY (≈ $327M) · P/E ratio 68.7 · P/S ratio 1.12 · EPS (TTM) ¥0.0600 · Dividend yield 5.4% · Net margin −2.5% · Return on equity 6.1% · Return on assets (EBIT) −4.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −45% fair-value upside, at −18%, 000692 screens cheaper than that median.
Fair Value models
Bear ¥1.57Fair Value ¥3.39Bull ¥5.22
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0441 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.Evidence ⓘEvidence = 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.24/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.2%
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.
+1.8%
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.
+2.1%
Start year 2020 (pandemic). Over 10 years: +3.0% a year
Revenue growth 32 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.
+7.5%
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Profit margin (trend) ⓘ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.
−48.8% (2020) → 2.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Shenyang Huitian Thermal 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 - Diversified · 51 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−19% · Above median
Profitability
Return on equity (TTM)6% · Below median
Return on assets−1% · Bottom 25%
Net margin (TTM)2% · Bottom 25%
Operating margin (TTM)10% · Below median
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)5.4% · Top 25%
Balance sheet
Debt / equity15.13× · Highest 25%
Valuation Multiplesvs Utilities - Diversified median · lower = cheaper
P/E (TTM)68.7× · Priciest 25%
P/B16.95× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Shenyang Huitian Thermal Power Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000692
Frequently asked questions
Is Shenyang Huitian Thermal Power Co Ltd (000692) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥3.39 versus a price of ¥4.12, about −18% upside (overvalued).
What is the fair value of 000692?
Our model-based fair value for Shenyang Huitian Thermal Power Co Ltd is ¥3.39 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥4.12.
What is the quality score of 000692?
Shenyang Huitian Thermal Power Co Ltd has a Quality Score of 34/100. 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 Shenyang Huitian Thermal Power Co Ltd (000692)?
Our model-based price target is the fair value of ¥3.39 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario ¥1.57, optimistic scenario ¥5.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenyang Huitian Thermal Power Co Ltd stock forecast for 2026?
Our models put fair value at ¥3.39, about −18% upside versus a price of ¥4.12 (overvalued). Cautious scenario ¥1.57, optimistic scenario ¥5.22. The calculation is refreshed regularly with new filings.
What is the revenue of Shenyang Huitian Thermal Power Co Ltd (000692)?
Shenyang Huitian Thermal Power Co Ltd reported trailing-twelve-month revenue of about 2.1B CNY (latest available figure, as of Sep 24, 2026).
Does Shenyang Huitian Thermal Power Co Ltd pay a dividend?
Shenyang Huitian Thermal Power Co Ltd currently shows a dividend yield of about 5.37% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Shenyang Huitian Thermal Power Co Ltd (000692)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenyang Huitian Thermal Power Co Ltd it is ¥3.39 per share (as of Sep 24, 2026), against a price of ¥4.12. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Shenyang Huitian Thermal Power Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 000692 trades above its calculated fair value: price ¥4.12, fair value ¥3.39, a gap of about −18% (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 000692?
No. The price is what the market pays today (¥4.12); the fair value is what the company's own numbers justify (¥3.39). For Shenyang Huitian Thermal Power Co Ltd the two are ¥0.7300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenyang Huitian Thermal Power Co Ltd worth?
The market values Shenyang Huitian Thermal Power Co Ltd at about 2.2B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥4.12; our models calculate a fair value of ¥3.39 per share.
What do the bullish and bearish scenarios say about 000692?
Our models span a range for Shenyang Huitian Thermal Power Co Ltd: cautious scenario ¥1.57, base ¥3.39, optimistic ¥5.22 per share (as of Sep 24, 2026, price ¥4.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000692?
Shenyang Huitian Thermal Power Co Ltd trades at a price-to-earnings ratio of 68.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥3.39 is built from several models across several years. Other multiples: P/B 17.0, P/S 1.1, EV/EBITDA 11.8.
How solid is the balance sheet of Shenyang Huitian Thermal Power Co Ltd (000692)?
Balance-sheet figures for Shenyang Huitian Thermal Power Co Ltd (as of Sep 24, 2026): return on equity 6.1%, debt of 15.13 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 000692 from its 52-week high?
Shenyang Huitian Thermal Power Co Ltd trades at ¥4.12, about 25% below its 52-week high of ¥5.48 and 20% above the low of ¥3.42 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.39 is for.
Which stocks are comparable to Shenyang Huitian Thermal Power Co Ltd?
From the same area (Utilities) we also value Iberdrola, S.A, Enel SpA, Engie SA, Sempra, 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 Shenyang Huitian Thermal Power Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥4.12, calculated fair value ¥3.39 (−18%), Quality Score 34/100, from 4 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 000692 calculated?
We run Shenyang Huitian Thermal Power Co Ltd through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥3.39, 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. Shenyang Huitian Thermal 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 Shenyang Huitian Thermal Power Co Ltd (000692)?
The closing price on Sep 24, 2026 was ¥4.12. Our model-based fair value is ¥3.39, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenyang Huitian Thermal Power Co Ltd right now?
Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥1.57 to ¥5.22). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Shenyang Huitian Thermal Power Co Ltd
How large is the market capitalisation of Shenyang Huitian Thermal Power Co Ltd (000692)?
The market capitalisation of Shenyang Huitian Thermal Power Co Ltd is 2.2B CNY (≈ $327M). 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 Shenyang Huitian Thermal Power Co Ltd (000692)?
The price-to-sales ratio of Shenyang Huitian Thermal Power Co Ltd is 1.12 (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 Shenyang Huitian Thermal Power Co Ltd (000692)?
Earnings per share at Shenyang Huitian Thermal Power Co Ltd are ¥0.0600 (price ÷ EPS = P/E 68.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenyang Huitian Thermal Power Co Ltd (000692)?
The dividend yield of Shenyang Huitian Thermal Power Co Ltd is 5.4%. 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 Shenyang Huitian Thermal Power Co Ltd (000692)?
The net margin of Shenyang Huitian Thermal Power Co Ltd is −2.5% (fiscal year 2025). 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 Shenyang Huitian Thermal Power Co Ltd (000692)?
The return on equity (ROE) of Shenyang Huitian Thermal Power Co Ltd is 6.1% (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 Shenyang Huitian Thermal Power Co Ltd (000692)?
On an EBIT basis the return on assets of Shenyang Huitian Thermal 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 Shenyang Huitian Thermal Power Co Ltd (000692)?
The operating margin of Shenyang Huitian Thermal Power Co Ltd is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenyang Huitian Thermal Power Co Ltd (000692)?
Revenue at Shenyang Huitian Thermal Power Co Ltd is growing +0.8% versus a year earlier (3y avg +1.8%). 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 Shenyang Huitian Thermal Power Co Ltd (000692)?
Earnings per share at Shenyang Huitian Thermal Power Co Ltd are growing −41.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shenyang Huitian Thermal Power Co Ltd (000692) generate?
The free cash flow of Shenyang Huitian Thermal Power Co Ltd is −33.9M 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 Shenyang Huitian Thermal Power Co Ltd (000692) carry?
The net debt of Shenyang Huitian Thermal Power Co Ltd is 2.1B 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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