Beijing Jingneng Power Co (600578) Fair Value & Analysis
Utilities · CN · Market cap 40.0B CNY
Fair value as of: Aug 8, 2026
From 24 valuation models · updated 2 days ago
Share price +6.8% over the past month.
A solid business, screening 50% undervalued on our models.
What matters now
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥5.76 to ¥11.20) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥2.48 – ¥9.70 · fair‑value band ¥5.76 – ¥11.20 · the ¥5.98 price screens below the ¥8.96 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Beijing Jingneng Power Co (600578) currently trades at ¥5.98, while our model-based Fair Value estimate is ¥8.96, implying the stock looks roughly 49.8% undervalued today. The Quality Score stands at 57/100 (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, Beijing Jingneng Power Co generated revenue of 35.6B CNY at a net margin of 10.0%. Revenue grew 2.2% year over year. It earns a return on equity of 12.4%. Net debt stands at 32.8B CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥5.76 (bear case) to ¥11.20 (bull case); at ¥5.98, 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 40% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -59% fair-value upside, at 50%, 600578 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.
All 24 models by family
Widest divergence: DCF Models (¥13.28) versus Asset-Based (¥2.86). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 54
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
Beijing Jingneng Power Co., Ltd. produces and sells electric power and heat products in China. The company is involved in coal-fired power generation, heat supply, and new energy power generation businesses, such as wind power, photovoltaics, and energy storage. It also invests in power projects and coal mines.
Full company description
Beijing Jingneng Power Co., Ltd. produces and sells electric power and heat products in China. The company is involved in coal-fired power generation, heat supply, and new energy power generation businesses, such as wind power, photovoltaics, and energy storage. It also invests in power projects and coal mines. In addition, the company operates electric power equipment, testing, and repair of power generation equipment, as well as sells desulfurized gypsum related products. Beijing Jingneng Power Co., Ltd. was founded in 2000 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Beijing Jingneng Power Co reported revenue of ¥35.4B in FY2025 versus ¥22.2B in FY2021, a compound +12.3%/yr. Reported net income was ¥3.5B in FY2025.
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Peer Group
Utilities - Independent Power Producers · 78 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 - Independent Power Producers 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.
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 - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Constellation Energy Corporation CEG | $257.57 | $89.08 | -65% |
| Vistra Corp VST | $158.86 | $47.59 | -70% |
| Adani Power Limited ADANIPOWER | ₹218.45 | ₹75.57 | -65% |
| CGN Power Co 003816 | ¥3.88 | ¥3.13 | -19% |
| NRG Energy, Inc NRG | $137.90 | $56.02 | -59% |
| Gulf Development Public Company GULF | 67.50 THB | 40.44 THB | -40% |
| Adani Energy Solutions Limited ADANIENSOL | ₹1,730 | ₹342.02 | -80% |
| Talen Energy Corporation TLN | $372.37 | $44.67 | -88% |
| Datang International Power Generation Co 601991 | ¥5.80 | ¥4.95 | -15% |
| Power Assets Holdings 0006 | HK$58.45 | HK$31.90 | -45% |
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Frequently asked questions
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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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