Henan Yuneng Holdings Co Ltd (001896) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Henan Yuneng Holdings Co Ltd ¥12.70, price ¥12.14, upside +4.6%, quality 49 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 ¥3.01 – ¥22.70 · fair‑value band ¥6.66 – ¥16.52 · the ¥12.14 price screens below the ¥12.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 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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Henan Yuneng Holdings Co.,Ltd., through its subsidiaries, invests in, develops, generates, and sells electricity in China. It operates through Power, Coal, and Other segments.
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Henan Yuneng Holdings Co.,Ltd., through its subsidiaries, invests in, develops, generates, and sells electricity in China. It operates through Power, Coal, and Other segments. The company offers electricity and heat, including biomass thermal power, heating, wind power, photovoltaic power, and other power supply; and equipment maintenance, overhaul services, carbon asset trading, and other services to power generation companies, as well as sells power generation by-products. It also purchases and sells coal, selection, storage, transportation, and other services; and provides accounts receivable factoring financing services. In addition, the company is involved in provision of pumped storage, new energy, and comprehensive energy services; production and sale of power products; management of energy projects for electricity production; sale of power materials and fly ash; and power environmental protection and energy-saving technological upgrades. Henan Yuneng Holdings Co.,Ltd. was founded in 1997 and is based in Zhengzhou, China.
Stock analysis
Henan Yuneng Holdings Co Ltd (001896) currently trades at ¥12.14, while our model-based Fair Value estimate is ¥12.70, implying the stock looks roughly 4.4% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥13.52 per share, and 5 of the 21 models we run sit above the ¥12.14 price.
Bear case: the Asset-Based group reads lowest at ¥1.54, and 16 of the 21 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥6.66 (bear) to ¥16.52 (bull), the price of ¥12.14 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 49/100 (below-average quality), in the Utilities sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Henan Yuneng Holdings Co Ltd reported revenue of 11.2B CNY in FY2025 versus 11.9B CNY in FY2021, a compound −1.5%/yr. Reported net income was 390M CNY in FY2025.
Key figures
Market cap 20.9B CNY (≈ $3.1B) · P/E ratio 48.6 · P/S ratio 1.69 · EPS (TTM) ¥0.2500 · Dividend yield 3.0% · Net margin 3.5% · Return on equity 10.1% · Return on assets (EBIT) −3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and 137% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −36% fair-value upside, at 5%, 001896 screens cheaper than that median.
Fair Value models
Bear ¥6.66Fair Value ¥12.70Bull ¥16.52
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 (¥0.1829 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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−7.6%
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.
−5.0%
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.
+1.8%
Start year 2020 (pandemic). Over 10 years: +11.9% 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.
+12.1%
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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.
+3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)3.0%
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.0% vs −5%, 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.12% → 11%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +11.1% a year for the price.
Compare Henan Yuneng Holdings 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 · 158 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside+5% · Above median
Profitability
Return on equity (TTM)10% · Above median
Return on assets2% · Bottom 25%
Net margin (TTM)3% · Bottom 25%
Operating margin (TTM)6% · Bottom 25%
Growth and dividend
Revenue growth−15% · Bottom 25%
Dividend yield (TTM)3.0% · Below median
Balance sheet
Debt / equity4.82× · Highest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
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). "Henan Yuneng Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/001896
Frequently asked questions
Is Henan Yuneng Holdings Co Ltd (001896) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥12.70 versus a price of ¥12.14, about +5% upside (fairly valued).
What is the fair value of 001896?
Our model-based fair value for Henan Yuneng Holdings Co Ltd is ¥12.70 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥12.14.
What is the quality score of 001896?
Henan Yuneng Holdings Co Ltd has a Quality Score of 49/100. 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 Henan Yuneng Holdings Co Ltd (001896)?
Our model-based price target is the fair value of ¥12.70 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario ¥6.66, optimistic scenario ¥16.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Henan Yuneng Holdings Co Ltd stock forecast for 2026?
Our models put fair value at ¥12.70, about +5% upside versus a price of ¥12.14 (fairly valued). Cautious scenario ¥6.66, optimistic scenario ¥16.52. The calculation is refreshed regularly with new filings.
What is the revenue of Henan Yuneng Holdings Co Ltd (001896)?
Henan Yuneng Holdings Co Ltd reported trailing-twelve-month revenue of about 10.8B CNY (latest available figure, as of Sep 24, 2026).
Does Henan Yuneng Holdings Co Ltd pay a dividend?
Henan Yuneng Holdings Co Ltd currently shows a dividend yield of about 3.04% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Henan Yuneng Holdings Co Ltd (001896)?
For today's price to be fair in a discounted-cash-flow model, Henan Yuneng Holdings Co Ltd would have to grow free cash flow by +13.0 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 001896 use?
Our models discount Henan Yuneng Holdings Co Ltd at 9.8 %: a base by market capitalisation (mid), damped by beta 0.78, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Henan Yuneng Holdings Co Ltd that is +13.0 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Henan Yuneng Holdings Co Ltd (001896) delivered so far?
Over the past 5 years revenue at Henan Yuneng Holdings Co Ltd grew +1.8 % a year. The price currently implies +13.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Henan Yuneng Holdings Co Ltd (001896) growing?
The median revenue growth in the sector is +0.7 % a year. That is the yardstick for the growth priced into Henan Yuneng Holdings Co Ltd (+13.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Henan Yuneng Holdings Co Ltd (001896)?
The free-cash-flow yield on the price is 8.48 %: that much free cash flow Henan Yuneng Holdings Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Henan Yuneng Holdings Co Ltd (001896)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Henan Yuneng Holdings Co Ltd it is ¥12.70 per share (as of Sep 24, 2026), against a price of ¥12.14. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Henan Yuneng Holdings Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 001896 trades below its calculated fair value: price ¥12.14, fair value ¥12.70, a gap of about +5% (fairly valued). 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 001896?
No. The price is what the market pays today (¥12.14); the fair value is what the company's own numbers justify (¥12.70). For Henan Yuneng Holdings Co Ltd the two are ¥0.5600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Henan Yuneng Holdings Co Ltd worth?
The market values Henan Yuneng Holdings Co Ltd at about 20.9B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥12.14; our models calculate a fair value of ¥12.70 per share.
What do the bullish and bearish scenarios say about 001896?
Our models span a range for Henan Yuneng Holdings Co Ltd: cautious scenario ¥6.66, base ¥12.70, optimistic ¥16.52 per share (as of Sep 24, 2026, price ¥12.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 001896?
Henan Yuneng Holdings Co Ltd trades at a price-to-earnings ratio of 48.6 (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 ¥12.70 is built from several models across several years. Other multiples: PEG 0.0, P/B 6.0, P/S 1.9, EV/EBITDA 14.4.
What is the PEG ratio of 001896?
The PEG ratio of Henan Yuneng Holdings Co Ltd is 0.03 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Henan Yuneng Holdings Co Ltd (001896)?
Balance-sheet figures for Henan Yuneng Holdings Co Ltd (as of Sep 24, 2026): return on equity 10.1%, debt of 4.82 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 001896 from its 52-week high?
Henan Yuneng Holdings Co Ltd trades at ¥12.14, about 47% below its 52-week high of ¥22.70 and 137% above the low of ¥5.13 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥12.70 is for.
Which stocks are comparable to Henan Yuneng Holdings 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 Henan Yuneng Holdings Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥12.14, calculated fair value ¥12.70 (+5%), Quality Score 49/100, from 21 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 001896 calculated?
We run Henan Yuneng Holdings Co Ltd through 21 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 ¥12.70, 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 14.1 % above its aggregate fair value. Henan Yuneng Holdings Co Ltd currently trades 5 % below its own fair value, and the market average says nothing about that. 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 Henan Yuneng Holdings Co Ltd (001896)?
The closing price on Sep 22, 2026 was ¥12.14. Our model-based fair value is ¥12.70, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Henan Yuneng Holdings Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (¥6.66 to ¥16.52) leaves room in how you read the outcome.
Key figures of Henan Yuneng Holdings Co Ltd
How large is the market capitalisation of Henan Yuneng Holdings Co Ltd (001896)?
The market capitalisation of Henan Yuneng Holdings Co Ltd is 20.9B CNY (≈ $3.1B). 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 Henan Yuneng Holdings Co Ltd (001896)?
The price-to-sales ratio of Henan Yuneng Holdings Co Ltd is 1.69 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Henan Yuneng Holdings Co Ltd (001896)?
Earnings per share at Henan Yuneng Holdings Co Ltd are ¥0.2500 (price ÷ EPS = P/E 48.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Henan Yuneng Holdings Co Ltd (001896)?
The dividend yield of Henan Yuneng Holdings Co Ltd is 3.0% (payout 147%). 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 Henan Yuneng Holdings Co Ltd (001896)?
The net margin of Henan Yuneng Holdings Co Ltd is 3.5% (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 Henan Yuneng Holdings Co Ltd (001896)?
The return on equity (ROE) of Henan Yuneng Holdings Co Ltd is 10.1% (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 Henan Yuneng Holdings Co Ltd (001896)?
On an EBIT basis the return on assets of Henan Yuneng Holdings Co Ltd is −3.2% (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 Henan Yuneng Holdings Co Ltd (001896)?
The operating margin of Henan Yuneng Holdings Co Ltd is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Henan Yuneng Holdings Co Ltd (001896)?
Revenue at Henan Yuneng Holdings Co Ltd is growing −15.0% versus a year earlier (3y avg −5.0%). 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 Henan Yuneng Holdings Co Ltd (001896)?
Earnings per share at Henan Yuneng Holdings Co Ltd are growing −33.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Henan Yuneng Holdings Co Ltd (001896) carry?
The net debt of Henan Yuneng Holdings Co Ltd is 18.3B CNY (fiscal year 2025, ≈ 11.7 yrs of FCF). 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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