Shanxi Zhangze Electric Power Co Ltd (000767) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Shanxi Zhangze Electric Power Co Ltd ¥1.15, price ¥3.29, upside -65.1%, quality 41 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 ¥2.14 – ¥6.14 · fair‑value band ¥0.8600 – ¥1.35 · the ¥3.29 price screens above the ¥1.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Jinneng Holding Shanxi Electric Power Co.,LTD., together with its subsidiaries, engages in the production and sale of electricity and heat products in China. The company is involved in the development and sale of fuels, materials, high-tech electric power, and electric power supplies.
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Jinneng Holding Shanxi Electric Power Co.,LTD., together with its subsidiaries, engages in the production and sale of electricity and heat products in China. The company is involved in the development and sale of fuels, materials, high-tech electric power, and electric power supplies. It engages in production and sale of electric heating and electrolytic aluminum; electrical equipment overhaul and maintenance; sale of new energy electric power heat and coal; solar energy generation; supplying of electric heating services; and offers technology, financial leasing, and financial services. The company was formerly known as Shanxi Zhangze Electric Power Co., LTD. and changed its name to Jinneng Holding Shanxi Electric Power Co.,LTD. in December 21, 2020. Jinneng Holding Shanxi Electric Power Co.,LTD. was founded in 1976 and is based in Taiyuan, China.
Stock analysis
Shanxi Zhangze Electric Power Co Ltd (000767) currently trades at ¥3.29, while our model-based Fair Value estimate is ¥1.15, implying the stock looks roughly 186.1% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥2.40 per share, and 1 of the 11 models we run sit above the ¥3.29 price.
Bear case: the Earnings-Based group reads lowest at ¥0.5800, and 10 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥0.8600 (bear) to ¥1.35 (bull), the price of ¥3.29 sits above 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 41/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shanxi Zhangze Electric Power Co Ltd reported revenue of 15.5B CNY in FY2025 versus 15.3B CNY in FY2021, a compound +0.3%/yr. Reported net income was 196M CNY in FY2025, compounding +167.3%/yr from FY2021.
Key figures
Market cap 15.1B CNY (≈ $2.3B) · P/S ratio 0.98 · Dividend yield 11.2% · Net margin 1.3% · Return on equity 1.3% · Return on assets (EBIT) 0.0% · Operating margin 8.2% · Revenue (TTM) 15.4B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 46% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −34% fair-value upside, at −65%, 000767 screens richer than that median.
Fair Value models
Bear ¥0.8600Fair Value ¥1.15Bull ¥1.35
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.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.32/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−7.2%
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.
−8.6%
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.
+5.4%
Start year 2020 (pandemic). Over 10 years: +5.4% a year
Revenue growth 31 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.
+10.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+34.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.6%
Dividend (yield on the price)11.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.24% vs −10%, picking up
Profit margin 2020 to 2025 ⓘ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.4% → 9%
Compare Shanxi Zhangze Electric 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 - Regulated Electric · 159 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−65% · Bottom 25%
Profitability
Return on equity (TTM)1% · Bottom 25%
Return on assets1% · Bottom 25%
Net margin (TTM)1% · Bottom 25%
Operating margin (TTM)8% · Bottom 25%
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)11.2% · Top 25%
Balance sheet
Debt / equity2.11× · Highest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/B0.20× · Cheapest 25%
P/S (TTM)0.15× · Cheapest 25%
EV/EBITDA5.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)0· sector 32
PAST (return on equity)5· sector 39
HEALTH (low debt)0· sector 53
DIVIDEND (yield)100· sector 70
VALUE 0: the price sits above our fair-value range.
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). "Shanxi Zhangze Electric Power Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000767
Frequently asked questions
Is Shanxi Zhangze Electric Power Co Ltd (000767) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥1.15 versus a price of ¥3.29, about −65% upside (overvalued).
What is the fair value of 000767?
Our model-based fair value for Shanxi Zhangze Electric Power Co Ltd is ¥1.15 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥3.29.
What is the quality score of 000767?
Shanxi Zhangze Electric Power Co Ltd has a Quality Score of 41/100. 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 Shanxi Zhangze Electric Power Co Ltd (000767)?
Our model-based price target is the fair value of ¥1.15 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario ¥0.8600, optimistic scenario ¥1.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanxi Zhangze Electric Power Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.15, about −65% upside versus a price of ¥3.29 (overvalued). Cautious scenario ¥0.8600, optimistic scenario ¥1.35. The calculation is refreshed regularly with new filings.
What is the revenue of Shanxi Zhangze Electric Power Co Ltd (000767)?
Shanxi Zhangze Electric Power Co Ltd reported trailing-twelve-month revenue of about 15.4B CNY (latest available figure, as of Sep 24, 2026).
Does Shanxi Zhangze Electric Power Co Ltd pay a dividend?
Shanxi Zhangze Electric Power Co Ltd currently shows a dividend yield of about 11.21% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Shanxi Zhangze Electric Power Co Ltd (000767)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanxi Zhangze Electric Power Co Ltd it is ¥1.15 per share (as of Sep 24, 2026), against a price of ¥3.29. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Shanxi Zhangze Electric Power Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 000767 trades above its calculated fair value: price ¥3.29, fair value ¥1.15, a gap of about −65% (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 000767?
No. The price is what the market pays today (¥3.29); the fair value is what the company's own numbers justify (¥1.15). For Shanxi Zhangze Electric Power Co Ltd the two are ¥2.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanxi Zhangze Electric Power Co Ltd worth?
The market values Shanxi Zhangze Electric Power Co Ltd at about 15.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥3.29; our models calculate a fair value of ¥1.15 per share.
What do the bullish and bearish scenarios say about 000767?
Our models span a range for Shanxi Zhangze Electric Power Co Ltd: cautious scenario ¥0.8600, base ¥1.15, optimistic ¥1.35 per share (as of Sep 24, 2026, price ¥3.29). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shanxi Zhangze Electric Power Co Ltd (000767)?
Balance-sheet figures for Shanxi Zhangze Electric Power Co Ltd (as of Sep 24, 2026): return on equity 1.3%, debt of 2.11 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 000767 from its 52-week high?
Shanxi Zhangze Electric Power Co Ltd trades at ¥3.29, about 46% below its 52-week high of ¥6.14 and 18% above the low of ¥2.79 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.15 is for.
Which stocks are comparable to Shanxi Zhangze Electric Power Co Ltd?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, 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 Shanxi Zhangze Electric Power Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥3.29, calculated fair value ¥1.15 (−65%), Quality Score 41/100, from 12 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 000767 calculated?
We run Shanxi Zhangze Electric Power Co Ltd through 12 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 ¥1.15, 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. Shanxi Zhangze Electric 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 Shanxi Zhangze Electric Power Co Ltd (000767)?
The closing price on Sep 24, 2026 was ¥3.29. Our model-based fair value is ¥1.15, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanxi Zhangze Electric Power Co Ltd right now?
The price sits above even our optimistic bull case (¥1.35). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Shanxi Zhangze Electric Power Co Ltd
How large is the market capitalisation of Shanxi Zhangze Electric Power Co Ltd (000767)?
The market capitalisation of Shanxi Zhangze Electric Power Co Ltd is 15.1B CNY (≈ $2.3B). 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 Shanxi Zhangze Electric Power Co Ltd (000767)?
The price-to-sales ratio of Shanxi Zhangze Electric Power Co Ltd is 0.98 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Shanxi Zhangze Electric Power Co Ltd (000767)?
The dividend yield of Shanxi Zhangze Electric Power Co Ltd is 11.2%. 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 Shanxi Zhangze Electric Power Co Ltd (000767)?
The net margin of Shanxi Zhangze Electric Power Co Ltd is 1.3% (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 Shanxi Zhangze Electric Power Co Ltd (000767)?
The return on equity (ROE) of Shanxi Zhangze Electric Power Co Ltd is 1.3% (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 Shanxi Zhangze Electric Power Co Ltd (000767)?
On an EBIT basis the return on assets of Shanxi Zhangze Electric Power Co Ltd is 0.0% (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 Shanxi Zhangze Electric Power Co Ltd (000767)?
The operating margin of Shanxi Zhangze Electric Power Co Ltd is 8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanxi Zhangze Electric Power Co Ltd (000767)?
Revenue at Shanxi Zhangze Electric Power Co Ltd is growing −0.5% versus a year earlier (3y avg −8.6%). 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 Shanxi Zhangze Electric Power Co Ltd (000767)?
Earnings per share at Shanxi Zhangze Electric Power Co Ltd are growing −64.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanxi Zhangze Electric Power Co Ltd (000767) generate?
The free cash flow of Shanxi Zhangze Electric Power Co Ltd is −675M 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 Shanxi Zhangze Electric Power Co Ltd (000767) carry?
The net debt of Shanxi Zhangze Electric Power Co Ltd is 22.5B 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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