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GuiZhou QianYuan Power Co (002039) Fair Value & Analysis

Utilities · CN · Market cap 9.0B CNY

GQ GuiZhou QianYuan Power Co 002039 · SHE
Price¥19.76
Fair Value¥25.27
Upside+27.9%
Quality66/100
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Healthy Growth
Solidly profitable · 19.0% net margin
Moderate debt · generates free cash flow
2.32% dividend yield
Ranks above peers (11/14)
Wide moat 69/100
Evidence: Medium Range ¥18.95 – ¥34.91 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price +1.0% over the past month.

A solid business, screening 28% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥18.95 to ¥34.91) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥23.18 ¥8.68 Fair Value ¥25.27 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 ¥8.68 – ¥23.18 · fair‑value band ¥18.95 – ¥34.91 · the ¥19.76 price screens below the ¥25.27 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

GuiZhou QianYuan Power Co (002039) currently trades at ¥19.76, while our model-based Fair Value estimate is ¥25.27, implying the stock looks roughly 27.9% undervalued today. The Quality Score stands at 66/100 (solid 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, GuiZhou QianYuan Power Co generated revenue of 3.4B CNY at a net margin of 19.0%. Revenue grew 16.7% year over year. It earns a return on equity of 15.9%. Net debt stands at 4.8B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥18.95 (bear case) to ¥34.91 (bull case); at ¥19.76, 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 15% 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 -27% fair-value upside, at 28%, 002039 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 ¥48.01 ¥82.81 ¥136.48 80
Residual Income ¥9.85 ¥12.09 ¥27.01 76
Rev-Margin DCF ¥19.39 ¥30.04 ¥42.54 74
All 24 models by family
DCF Models
FCF DCF ¥48.00 ¥84.95 ¥143.42 38
Owner Earnings ¥21.19 ¥40.44 ¥70.91 31
5Y Revenue Exit ¥19.89 ¥31.29 ¥45.24 39
5Y EBITDA Exit ¥36.63 ¥64.43 ¥97.74 41
5Y P/E Exit ¥22.58 ¥36.62 ¥51.50 38
10Y Revenue Exit ¥29.09 ¥42.54 ¥60.21 36
10Y EBITDA Exit ¥40.18 ¥65.74 ¥101.51 37
10Y P/E Exit ¥31.22 ¥46.27 ¥65.14 35
Earnings-Based
Graham-Dodd ¥9.54 ¥38.10 ¥51.78 54
Lynch FV ¥9.46 ¥13.52 ¥17.57 50
PEG = 1.0 ¥9.46 ¥13.52 ¥17.57 46
EPV ¥22.34 ¥27.13 ¥31.26 59
Multiples
P/E Multiple ¥18.95 ¥25.27 ¥31.58 63
P/S Multiple ¥14.41 ¥19.21 ¥24.01 58
P/B Multiple ¥14.02 ¥18.70 ¥23.37 55
EV/EBIT ¥33.71 ¥47.61 ¥61.51 53
EV/EBITDA ¥34.65 ¥48.86 ¥63.07 54
EV/Revenue ¥5.46 ¥11.22 ¥16.98 43
Asset-Based
NCAV (Graham) ¥5.19 ¥6.96 ¥10.39 50
Growth DCF
Growth DCF ¥48.01 ¥82.81 ¥136.48 80
Rev-Margin DCF ¥19.39 ¥30.04 ¥42.54 74
Economic Profit
Residual Income ¥9.85 ¥12.09 ¥27.01 76
ROIC Compounder ¥25.39 ¥35.56 ¥48.37 72
Growth Earnings
Growth-Adj P/E ¥15.25 ¥21.78 ¥28.32 68

Widest divergence: DCF Models (¥42.54) versus Asset-Based (¥6.96). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.4B CNY
Revenue growth (YoY) +16.7%
Net margin 19.0%
Return on equity 15.9%
Free cash flow 2.1B CNY FY2025
P/E ratio 14.1
More key figures
Operating margin 48.9%
EPS (TTM) ¥1.49
Dividend yield 2.3%
EPS growth (YoY) +72.1%
Net debt 4.8B CNY FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 62

Profitability 39
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 96
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 82
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

GuiZhou QianYuan Power Co., Ltd. develops, operates, and manages of hydropower and photovoltaic power stations in China. It is also involved in wind and nuclear power generation. The company was incorporated in 1993 and is based in Guiyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GuiZhou QianYuan Power Co reported revenue of ¥3.3B in FY2025 versus ¥2.1B in FY2021, a compound +12.2%/yr. Reported net income was ¥600M in FY2025, compounding +24.3%/yr from FY2021.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.3B CNY
Latest YoY
+70.0%
Avg. growth/yr (3Y)
+7.9%
Avg. growth/yr (5Y)
+4.4%
Avg. growth/yr (24Y)
+12.8%
Revenue +12.2%/yr
FY21 ¥2.1B
FY22 ¥2.6B
FY23 ¥2.0B
FY24 ¥1.9B
FY25 ¥3.3B
Net income +24.3%/yr
FY21 ¥251M
FY22 ¥414M
FY23 ¥265M
FY24 ¥218M
FY25 ¥600M

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Cite: Fair Value Calculator (2026). "GuiZhou QianYuan Power Co Fair Value". https://www.fairvalue-calculator.com/stock/002039

Peer Group

Utilities - Regulated Electric · 154 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 66 · Top 25%
Fair Value upside +28% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 49% · Top 25%
Revenue growth 17% · Top 25%
Dividend yield (TTM) 2.3% · Below median
Debt / equity 0.84× · Lower than median

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 14.1× · Cheaper than median
P/B 2.02× · Pricier than median
P/S (TTM) 2.67× · Pricier than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 4.9× · Cheaper than 75% of peers

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 71 · sector 7
FUTURE 84 · sector 32
PAST 63 · sector 39
HEALTH 58 · sector 54
DIVIDEND 46 · sector 56

Insider activity: 40/100

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 - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 21, 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%

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Frequently asked questions

Is GuiZhou QianYuan Power Co (002039) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥25.27 versus a price of ¥19.76, about +28% (undervalued).
What is the fair value of 002039?
Our model-based fair value for GuiZhou QianYuan Power Co is ¥25.27 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥19.76.
What is the quality score of 002039?
GuiZhou QianYuan Power Co has a Quality Score of 66/100. 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 GuiZhou QianYuan Power Co (002039)?
GuiZhou QianYuan Power Co reported trailing-twelve-month revenue of about 3.4B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 002039?
The net profit margin of GuiZhou QianYuan Power Co is about 19.0%, meaning it keeps roughly 19.0% of revenue as net income. Based on the latest reported figures.
Does GuiZhou QianYuan Power Co pay a dividend?
GuiZhou QianYuan Power Co currently shows a dividend yield of about 2.32% 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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