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GEPIC Energy Development Co (000791) Fair Value & Analysis

Utilities · CN · Market cap 30.1B CNY

GE GEPIC Energy Development Co 000791 · SHE
Price¥7.82
Fair Value¥11.38
Upside+45.5%
Quality42/100
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Expensive Growth
Highly profitable · 22.3% net margin
Moderate debt · generates free cash flow
2.73% dividend yield
Ranks above peers (9/15)
Wide moat 71/100
Evidence: Medium Range ¥7.40 – ¥18.53 Share as image

Fair value as of: Jul 21, 2026

From 23 valuation models · updated 20 days ago

Share price +2.6% over the past month.

Below-average quality, screening 46% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (¥7.40 to ¥18.53) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥10.45 ¥3.19 Fair Value ¥11.38 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥3.19 – ¥10.45 · fair‑value band ¥7.40 – ¥18.53 · the ¥7.82 price screens below the ¥11.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

GEPIC Energy Development Co (000791) currently trades at ¥7.82, while our model-based Fair Value estimate is ¥11.38, implying the stock looks roughly 45.5% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, GEPIC Energy Development Co generated revenue of 9.2B CNY at a net margin of 22.3%. Revenue grew 6.9% year over year. It earns a return on equity of 16.6%. Net debt stands at 12.2B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥7.40 (bear case) to ¥18.53 (bull case); at ¥7.82, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 46%, 000791 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥3.06 ¥9.31 ¥21.20 80
Residual Income ¥4.48 ¥5.65 ¥14.12 76
Rev-Margin DCF ¥2.19 ¥7.52 ¥15.45 74
All 23 models by family
DCF Models
FCF DCF ¥3.37 ¥8.03 ¥21.31 38
5Y Revenue Exit ¥2.19 ¥6.94 ¥16.15 39
5Y EBITDA Exit ¥6.88 ¥17.12 ¥35.89 41
5Y P/E Exit ¥4.51 ¥13.32 ¥24.66 38
10Y Revenue Exit ¥2.32 ¥8.18 ¥15.21 36
10Y EBITDA Exit ¥5.83 ¥17.04 ¥37.86 37
10Y P/E Exit ¥4.16 ¥12.56 ¥27.03 35
Earnings-Based
Graham-Dodd ¥4.30 ¥29.99 ¥42.09 54
Lynch FV ¥8.86 ¥12.65 ¥16.45 50
PEG = 1.0 ¥8.86 ¥12.65 ¥16.45 46
EPV ¥6.25 ¥7.86 ¥9.27 59
Multiples
P/E Multiple ¥8.54 ¥11.38 ¥14.23 63
P/S Multiple ¥5.24 ¥6.99 ¥8.73 58
P/B Multiple ¥6.26 ¥8.35 ¥10.44 55
EV/EBIT ¥9.27 ¥13.50 ¥17.72 53
EV/EBITDA ¥8.50 ¥12.47 ¥16.44 54
EV/Revenue ¥1.48 ¥3.58 ¥5.67 43
Asset-Based
NCAV (Graham) ¥2.32 ¥3.11 ¥4.64 50
Growth DCF
Growth DCF ¥3.06 ¥9.31 ¥21.20 80
Rev-Margin DCF ¥2.19 ¥7.52 ¥15.45 74
Economic Profit
Residual Income ¥4.48 ¥5.65 ¥14.12 76
ROIC Compounder ¥7.59 ¥12.60 ¥16.68 72
Growth Earnings
Growth-Adj P/E ¥11.37 ¥16.25 ¥21.12 68

Widest divergence: Growth Earnings (¥16.25) versus Asset-Based (¥3.11). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.2B CNY
Revenue growth (YoY) +6.9%
Net margin 22.3%
Return on equity 16.6%
Free cash flow 1.4B CNY FY2025
P/E ratio 14.7
More key figures
Operating margin 42.1%
EPS (TTM) ¥0.6300
Dividend yield 2.7%
EPS growth (YoY) +1.6%
Net debt 12.2B CNY FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 57

Profitability 43
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 17
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

GEPIC Energy Development Co., Ltd. engages in thermal power, hydropower, wind power, and photovoltaic power generation business in China.

Full company description

GEPIC Energy Development Co., Ltd. engages in thermal power, hydropower, wind power, and photovoltaic power generation business in China. It is also involved in the construction and development of hydropower plants and wind turbines; development of energy-saving equipment and materials; technical consulting; investment, development, and production of power projects; water conservancy and power resource development; installation and maintenance services related to hydropower; training; and power station operation management services. In addition, the company sells spare parts and pumps; invests in the industrial and energy sectors; provides hydropower station automation technology consulting and technology transfer services, and electromechanical equipment; and wholesales and retails building materials and coal. Further, it engages in wind resource development; development and sale of new energy and renewable energy technologies and products; integration and operation of photovoltaic power stations; construction and operation of solar power stations; and provision of engineering consulting, engineering management services, power transmission, and technical services for solar energy utilization. The company was formerly known as Northwest Yongxin Chemical Industry Co., Ltd. and changed its name to GEPIC Energy Development Co., Ltd. in December 2012. GEPIC Energy Development Co., Ltd. was founded in 1997 and is headquartered in Lanzhou, China. GEPIC Energy Development Co., Ltd. is a subsidiary of Gansu Electric Power Investment Group Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GEPIC Energy Development Co reported revenue of ¥9.1B in FY2025 versus ¥2.0B in FY2021, a compound +45.7%/yr. Reported net income was ¥2.1B in FY2025, compounding +67.5%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.1B CNY
Latest YoY
+4.3%
Avg. growth/yr (3Y)
+64.2%
Avg. growth/yr (5Y)
+32.0%
Avg. growth/yr (31Y)
+14.0%
Revenue +45.7%/yr
FY21 ¥2.0B
FY22 ¥2.0B
FY23 ¥7.0B
FY24 ¥8.7B
FY25 ¥9.1B
Net income +67.5%/yr
FY21 ¥261M
FY22 ¥302M
FY23 ¥1.2B
FY24 ¥1.6B
FY25 ¥2.1B

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Cite: Fair Value Calculator (2026). "GEPIC Energy Development Co Fair Value". https://www.fairvalue-calculator.com/stock/000791

Peer Group

Utilities - Renewable · 220 stocks

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.

Quality Score 42 · Below median
Fair Value upside +46% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 42% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.95× · Higher than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 14.7× · Cheaper than median
P/B 2.00× · Pricier than median
P/S (TTM) 3.27× · Pricier than median
P/FCF 3.2× · Pricier than median
EV/EBITDA 7.8× · Cheaper than median
PEG 1.56× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 94 · sector 15
FUTURE 35 · sector 0
PAST 66 · sector 12
HEALTH 52 · sector 68
DIVIDEND 55 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is GEPIC Energy Development Co (000791) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥11.38 versus a price of ¥7.82, about +46% (undervalued).
What is the fair value of 000791?
Our model-based fair value for GEPIC Energy Development Co is ¥11.38 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥7.82.
What is the quality score of 000791?
GEPIC Energy Development Co has a Quality Score of 42/100. 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 revenue of GEPIC Energy Development Co (000791)?
GEPIC Energy Development Co reported trailing-twelve-month revenue of about 9.2B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000791?
The net profit margin of GEPIC Energy Development Co is about 22.3%, meaning it keeps roughly 22.3% of revenue as net income. Based on the latest reported figures.
Does GEPIC Energy Development Co pay a dividend?
GEPIC Energy Development Co currently shows a dividend yield of about 2.73% relative to its recent price (as of Jul 21, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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