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China Power International Development Ltd (2380) Fair Value & Analysis

Utilities · HK · Market cap HK$33.5B (≈ $4.3B) · ISIN HK2380027329

What is China Power International Development Ltd really worth?

CP China Power International Development Ltd 2380 · HK
PriceHK$2.79
Fair ValueHK$4.92
Upside+76.3%
Quality29/100

Below-average quality, trading 43% below our fair value of HK$4.92.

As of Aug 13, 2026, the fair value of China Power International Development Ltd is HK$4.92 per share against a price of HK$2.79, so the fair value sits 76% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +10.8 %/yr)
!Thin margins · 6.5% net margin
!High debt · negative free cash flow
!Mixed vs. peers (7/14)
!Narrow moat 37/100
!Evidence only low, so the estimate is less certain
!Weak on past: 21 out of 100

For context

·6.85% dividend yield
Evidence: Low Range HK$3.97 – HK$6.40

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 23 days ago

Fair value updated Aug 13, 2026, revised from HK$4.91 to HK$4.92 (+0.2%) since Aug 6, 2026. Share price −0.4% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$3.97). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

HK$4.47 HK$1.29 Fair Value HK$4.92 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$1.29 – HK$4.47 · fair‑value band HK$3.97 – HK$6.40 · the HK$2.79 price screens below the HK$4.92 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

China Power International Development Ltd (2380) currently trades at HK$2.79, while our model-based Fair Value estimate is HK$4.92, implying the stock looks roughly 43.3% undervalued today. The Quality Score stands at 29/100 (below-average quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of HK$4.56 per share, and 9 of the 12 models we run sit above the HK$2.79 price. Bear case: the Dividend Discount group reads lowest at HK$2.54, and 3 of the 12 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, China Power International Development Ltd generated revenue of HK$52.4B at a net margin of 6.5%. Revenue declined 4.6% year over year. It earns a return on equity of 5.3%. Net debt stands at HK$204B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$3.97 (bear case) to HK$6.40 (bull case); at HK$2.79, the current price sits below 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 23% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −37% fair-value upside, at 76%, 2380 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly HK$0.0129 per share, which is 0.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model 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
Highest evidence
Residual Income best evidence HK$3.73 HK$3.84 HK$3.84 76
Growth-Adj P/E HK$2.96 HK$4.23 HK$5.50 67
Gordon GGM HK$1.45 HK$3.01 HK$4.78 66
All 12 models by family
Earnings-Based
Graham-Dodd HK$1.82 HK$7.43 HK$10.12 64
Lynch FV HK$1.86 HK$2.66 HK$3.46 61
PEG = 1.0 HK$1.86 HK$2.66 HK$3.46 57
Dividend Discount
Gordon GGM HK$1.45 HK$3.01 HK$4.78 66
DDM Multi-Stage HK$1.45 HK$2.54 HK$3.16 66
Multiples
P/E Multiple HK$3.62 HK$4.83 HK$6.03 63
P/S Multiple HK$3.42 HK$4.56 HK$5.70 58
P/B Multiple HK$3.42 HK$4.56 HK$5.70 55
EV/EBITDA HK$1.65 HK$5.98 HK$10.31 61
Asset-Based
NCAV (Graham) HK$2.37 HK$3.18 HK$4.74 54
Economic Profit
Residual Income best evidence HK$3.73 HK$3.84 HK$3.84 76
Growth Earnings
Growth-Adj P/E HK$2.96 HK$4.23 HK$5.50 67

Widest divergence: Multiples (HK$4.56) versus Dividend Discount (HK$2.54). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 9.7 as of Jul 2, 2026
P/S ratio 0.67 P/E × margin
EPS (TTM) HK$0.2100 price ÷ EPS = P/E 9.7
Dividend yield 6.8% payout 91.0%
Net margin 6.9% FY2025
Return on equity 5.3% TTM
More key figures
Profitability
Return on assets (EBIT) 2.9% avg 5y
Operating margin 14.7% TTM
Growth
Revenue (TTM) HK$52.4B TTM
Revenue growth (YoY) −4.6% 3y avg +2.5%
EPS growth (YoY) −56.4%
Balance sheet & cash flow
Free cash flow −HK$1.4B FY2025
Net debt HK$204B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 30 · Market factors (momentum, volatility) 43

Profitability 19
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 5
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 63
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

China Power International Development Limited, an investment holding company, develops, constructs, owns, operates, and manages power plants in the People's Republic of China and internationally. It operates through Thermal Power Electricity, Hydropower Electricity, Wind Power Electricity, Photovoltaic Power Electricity, and Energy Storage segments.

Full company description

China Power International Development Limited, an investment holding company, develops, constructs, owns, operates, and manages power plants in the People's Republic of China and internationally. It operates through Thermal Power Electricity, Hydropower Electricity, Wind Power Electricity, Photovoltaic Power Electricity, and Energy Storage segments. The company generates, distributes, and sells electricity through coal-fired, hydro, wind, photovoltaic, natural gas, and environmental power plants. It also offers energy storage, green power transportation, and energy solution services; logistics services; technical services in relation to generation of electricity; and invest on new energy power resources. China Power International Development Limited was incorporated in 2004 and is based in Wan Chai, Hong Kong. China Power International Development Limited operates as a subsidiary of China Power International Holding Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Power International Development Ltd reported revenue of 47.8B CNY in FY2025 versus 35.9B CNY in FY2021, a compound +7.4%/yr. Reported net income was 3.3B CNY in FY2025.

Growth Quality 39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$47.8B
Latest YoY
−15.1%
Avg. revenue growth/yr (3Y) ⓘ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.
+2.5%
Avg. revenue growth/yr (5Y) ⓘ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.
+10.8%
Avg. revenue growth/yr (21Y) ⓘ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.
+13.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+18.7% · in HKD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+11.9%
Dividend yield6.8%
Trend ⓘ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.5Y 11.9% vs 10Y −3.4%, picking up
Operating margin (EBIT) ⓘ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.22.2% (2020) → 13.0% (2025) · falling
Worst earnings drop186% (2008) (loss year, drop beyond 100%) · in HKD
Revenue +7.4%/yr
FY21 35.9B CNY
FY22 44.4B CNY
FY23 46.1B CNY
FY24 56.2B CNY
FY25 47.8B CNY
Net income
FY21 −256M CNY
FY22 2.6B CNY
FY23 3.1B CNY
FY24 3.9B CNY
FY25 3.3B CNY
Character of growth · EPS growth decomposed (2014-2025) −4.6 % p.a.
Revenue per share +4.5 %

of which total revenue +10.7 % · buybacks/dilution −5.6 %

EBIT margin −5.9 %
Tax rate −1.1 %
Residual (interest, one-offs) −1.9 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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China Power International Development Ltd · Fair Value
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Cite: Fair Value Calculator (2026). "China Power International Development Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2380.HK

Peer Group

Utilities - Regulated Electric · 153 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 29 · Bottom 25%
Fair Value upside +76% · Top 25%
Return on equity (TTM) 5% · Bottom 25%
Return on assets 2% · Bottom 25%
Net margin (TTM) 7% · Below median
Operating margin (TTM) 15% · Below median
Revenue growth −5% · Bottom 25%
Dividend yield (TTM) 6.8% · Top 25%
Debt / equity 2.50× · Higher than 75% of peers

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

P/E (TTM) 9.7× · Cheaper than 75% of peers
P/B 0.57× · Cheaper than 75% of peers
P/S (TTM) 0.64× · Cheaper than 75% of peers
EV/EBITDA 6.7× · Cheaper than median
PEG 1.38× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 32
PAST21 · sector 39
HEALTH0 · sector 52
DIVIDEND100 · sector 66

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

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $83.47 $32.94 −61%
The Southern Company SO $88.25 $58.81 −33%
Duke Energy Corporation DUK $120.25 $74.89 −38%
National Grid plc NGG $80.68 $63.94 −21%
American Electric Power Company AEP $122.96 $77.23 −37%
Dominion Energy, Inc D $66.01 $46.34 −30%
Entergy Corporation ETR $105.75 $52.92 −50%
Xcel Energy Inc XEL $76.34 $44.61 −42%
Exelon Corporation EXC $43.64 $37.60 −14%
Endesa, S.A ELE €42.30 €25.72 −39%

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Frequently asked questions

Is China Power International Development Ltd (2380) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$4.92 versus a price of HK$2.79, about +76% upside (undervalued).
What is the fair value of 2380?
Our model-based fair value for China Power International Development Ltd is HK$4.92 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$2.79.
What is the quality score of 2380?
China Power International Development Ltd has a Quality Score of 29/100. 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 China Power International Development Ltd (2380)?
Our model-based price target is the fair value of HK$4.92 (as of Aug 13, 2026) from 12 valuation models. Cautious scenario HK$3.97, optimistic scenario HK$6.40. It is a calculation from audited fundamentals, not an analyst target.
What is the China Power International Development Ltd stock forecast for 2026?
Our models put fair value at HK$4.92, about +76% upside versus a price of HK$2.79 (undervalued). Cautious scenario HK$3.97, optimistic scenario HK$6.40. The calculation is refreshed regularly with new filings.
What is the revenue of China Power International Development Ltd (2380)?
China Power International Development Ltd reported trailing-twelve-month revenue of about HK$52.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2380?
The net profit margin of China Power International Development Ltd is about 6.5%, meaning it keeps roughly 6.5% of revenue as net income. Based on the latest reported figures.
Does China Power International Development Ltd pay a dividend?
China Power International Development Ltd currently shows a dividend yield of about 6.85% relative to its recent price (as of Aug 13, 2026).
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