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China Southern Power Grid Energy Efficiency & Clean Energy Co (003035) Fair Value & Analysis

Utilities · CN · Market cap 24.3B CNY

CS China Southern Power Grid Energy Efficiency & Clean Energy Co 003035 · SHE
Price¥5.60
Fair Value¥1.33
Upside-76.3%
Quality40/100
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Expensive Growth
Thin margins · 9.0% net margin
Moderate debt · negative free cash flow
0.45% dividend yield
Trails peers (2/13)
Narrow moat 44/100
Evidence: Medium Range ¥0.9945 – ¥1.65 Share as image

Fair value as of: Jul 22, 2026

From 16 valuation models · updated 19 days ago

Share price +1.8% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.65). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥14.27 ¥3.91 Fair Value ¥1.33 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥3.91 – ¥14.27 · fair‑value band ¥0.9945 – ¥1.65 · the ¥5.60 price screens above the ¥1.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

China Southern Power Grid Energy Efficiency & Clean Energy Co (003035) currently trades at ¥5.60, while our model-based Fair Value estimate is ¥1.33, implying the stock looks roughly 76.3% overvalued today. The Quality Score stands at 40/100 (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, China Southern Power Grid Energy Efficiency & Clean Energy Co generated revenue of 3.8B CNY at a net margin of 9.0%. Revenue grew 13.0% year over year. It earns a return on equity of 5.3%. Net debt stands at 12.2B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.9945 (bear case) to ¥1.65 (bull case); at ¥5.60, 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 49% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -76%, 003035 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥1.40 ¥1.40 ¥1.33 76
ROIC Compounder ¥0.1600 ¥0.4100 72
Gordon GGM ¥0.0600 ¥0.1300 ¥0.2100 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥0.6200 ¥3.65 ¥5.08 54
Lynch FV ¥1.03 ¥1.48 ¥1.92 50
PEG = 1.0 ¥1.03 ¥1.48 ¥1.92 46
EPV ¥0.1600 ¥0.4100 59
Dividend Discount
Gordon GGM ¥0.0600 ¥0.1300 ¥0.2100 70
DDM Multi-Stage ¥0.0600 ¥0.1100 ¥0.1400 61
Multiples
P/E Multiple ¥1.23 ¥1.65 ¥2.06 63
P/S Multiple ¥1.17 ¥1.56 ¥1.94 58
P/B Multiple ¥1.17 ¥1.56 ¥1.94 55
EV/EBIT ¥0.4100 ¥1.16 ¥1.91 53
EV/EBITDA ¥1.51 ¥2.63 ¥3.75 54
EV/Revenue ¥0.5900 ¥1.31 43
Asset-Based
NCAV (Graham) ¥0.9200 ¥1.23 ¥1.83 50
Economic Profit
Residual Income ¥1.40 ¥1.40 ¥1.33 76
ROIC Compounder ¥0.1600 ¥0.4100 72
Growth Earnings
Growth-Adj P/E ¥1.42 ¥2.02 ¥2.63 68

Widest divergence: Growth Earnings (¥2.02) versus Dividend Discount (¥0.1100). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.8B CNY
Revenue growth (YoY) +13.0%
Net margin 9.0%
Return on equity 5.3%
Free cash flow −1.6B CNY FY2025
P/E ratio 71.2
More key figures
Operating margin 22.5%
EPS (TTM) ¥0.0900
Dividend yield 0.5%
EPS growth (YoY) -6.2%
Net debt 12.2B CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 39 · Market factors (momentum, volatility) 44

Profitability 23
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 42
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

China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd. engages in the provision of energy-saving services in China. The company offers energy-saving services, such as energy usage diagnosis, design, retrofitting, energy project investment, and operation and maintenance services.

Full company description

China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd. engages in the provision of energy-saving services in China. The company offers energy-saving services, such as energy usage diagnosis, design, retrofitting, energy project investment, and operation and maintenance services. It also provides energy-saving solutions and energy-efficient electricity, cooling, heating, and gas services, including industrial high-efficiency energy station energy-saving services and smart green electricity business China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd. was incorporated in 2010 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Southern Power Grid Energy Efficiency & Clean Energy Co reported revenue of ¥3.7B in FY2025 versus ¥2.6B in FY2021, a compound +8.9%/yr. Reported net income was ¥346M in FY2025, compounding −7.8%/yr from FY2021.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.7B CNY
Latest YoY
+16.5%
Avg. growth/yr (3Y)
+8.4%
Avg. growth/yr (5Y)
+12.9%
Avg. growth/yr (9Y)
+20.1%
Revenue +8.9%/yr
FY21 ¥2.6B
FY22 ¥2.9B
FY23 ¥3.0B
FY24 ¥3.2B
FY25 ¥3.7B
Net income −7.8%/yr
FY21 ¥479M
FY22 ¥554M
FY23 ¥311M
FY24 −¥58.1M
FY25 ¥346M

003035 screens 76% overvalued. Compare with NextEra Energy, Inc →

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Cite: Fair Value Calculator (2026). "China Southern Power Grid Energy Efficiency & Clean Energy Co Fair Value". https://www.fairvalue-calculator.com/stock/003035

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 40 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 5% · Bottom 25%
Return on assets 2% · Bottom 25%
Net margin (TTM) 9% · Below median
Operating margin (TTM) 22% · Above median
Revenue growth 13% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 1.14× · Higher than median

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

P/E (TTM) 71.2× · Pricier than 75% of peers
P/B 3.49× · Pricier than 75% of peers
P/S (TTM) 6.44× · Pricier than 75% of peers
EV/EBITDA 18.3× · Pricier 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 0 · sector 7
FUTURE 65 · sector 32
PAST 21 · sector 39
HEALTH 43 · sector 54
DIVIDEND 9 · sector 56

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.

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 22, 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 China Southern Power Grid Energy Efficiency & Clean Energy Co (003035) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥1.33 versus a price of ¥5.60, about −76% (overvalued).
What is the fair value of 003035?
Our model-based fair value for China Southern Power Grid Energy Efficiency & Clean Energy Co is ¥1.33 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥5.60.
What is the quality score of 003035?
China Southern Power Grid Energy Efficiency & Clean Energy Co has a Quality Score of 40/100. 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 China Southern Power Grid Energy Efficiency & Clean Energy Co (003035)?
China Southern Power Grid Energy Efficiency & Clean Energy Co reported trailing-twelve-month revenue of about 3.8B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 003035?
The net profit margin of China Southern Power Grid Energy Efficiency & Clean Energy Co is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.
Does China Southern Power Grid Energy Efficiency & Clean Energy Co pay a dividend?
China Southern Power Grid Energy Efficiency & Clean Energy Co currently shows a dividend yield of about 0.45% relative to its recent price (as of Jul 22, 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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