SPIC Industry-Finance Holdings (000958) Fair Value & Analysis
Utilities · CN · Market cap 98.7B CNY
Fair value as of: Jul 16, 2026
From 13 valuation models · updated 22 days ago
Fair value updated Jul 16, 2026, revised from ¥3.41 to ¥3.06 (−10.3%) since Jun 25, 2026. Share price −1.4% over the past month.
Below-average quality, and screening another 45% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥3.06). The favourable scenario is already priced in.
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range ¥3.15 – ¥10.36 · fair‑value band ¥2.29 – ¥3.06 · the ¥5.53 price screens above the ¥3.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
SPIC Industry-Finance Holdings (000958) currently trades at ¥5.53, while our model-based Fair Value estimate is ¥3.06, implying the stock looks roughly 44.7% overvalued today. We read business quality at 39/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, SPIC Industry-Finance Holdings generated revenue of 11.9B CNY at a net margin of 27.7%. Revenue declined 17.3% year over year. It earns a return on equity of 10.0%. Net debt stands at 62.6B CNY. Fundamentals as of Jul 16, 2026
Our scenario range runs from ¥2.29 (bear case) to ¥3.06 (bull case); at ¥5.53, the current price sits above 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 26% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -45%, 000958 screens richer 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.
All 13 models by family
Widest divergence: Growth Earnings (¥4.27) versus Asset-Based (¥1.62). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 39
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
SPIC Industry-Finance Holdings Co., Ltd. engages in the energy and financial businesses in China. The company operates through Nuclear Power, Non-Nuclear Energy, and Financial segments. Its Nuclear Power segment engages in nuclear power business, nuclear power technical services, and other related activities.
Full company description
SPIC Industry-Finance Holdings Co., Ltd. engages in the energy and financial businesses in China. The company operates through Nuclear Power, Non-Nuclear Energy, and Financial segments. Its Nuclear Power segment engages in nuclear power business, nuclear power technical services, and other related activities. The Non-Nuclear Energy segment engages in power generation, heating, and electricity services. Its Financial segment engages in financial businesses such as trust, insurance brokerage, futures brokerage, and asset management. The company was formerly known as SPIC Dongfang Energy Corporation and changed its name to SPIC Industry-Finance Holdings Co., Ltd. in May 2022. The company was founded in 1998 and is based in Yantai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SPIC Industry-Finance Holdings reported revenue of ¥12.5B in FY2025 versus ¥8.9B in FY2021, a compound +8.9%/yr. Reported net income was ¥3.3B in FY2025, compounding +26.0%/yr from FY2021.
000958 screens 45% overvalued. Compare with NextEra Energy, Inc →
Peer Group
Utilities - Regulated Electric · 155 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.
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $88.80 | $32.94 | -63% |
| The Southern Company SO | $95.61 | $61.06 | -36% |
| Duke Energy Corporation DUK | $126.11 | $97.11 | -23% |
| National Grid plc NGG | 61,175 ARS | 44,377 ARS | -27% |
| American Electric Power Company AEP | $132.50 | $79.33 | -40% |
| Dominion Energy, Inc D | $70.08 | $46.92 | -33% |
| NTPC Limited NTPC | ₹341.85 | ₹377.16 | +10% |
| CEZ, a. s. CEZ | 232.40 PLN | 159.33 PLN | -31% |
| Power Grid Corporation POWERGRID | ₹283.55 | ₹252.77 | -11% |
| China National Nuclear Power Co 601985 | ¥8.91 | ¥7.69 | -14% |
Compare SPIC Industry-Finance Holdings with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Frequently asked questions
Is SPIC Industry-Finance Holdings (000958) overvalued or undervalued?
What is the fair value of 000958?
What is the quality score of 000958?
What is the revenue of SPIC Industry-Finance Holdings (000958)?
What is the net profit margin of 000958?
Does SPIC Industry-Finance Holdings pay a dividend?
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.
Track SPIC Industry-Finance Holdings and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.