Guangdong Meiyanjixiang Hydropower Co (600868) Fair Value & Analysis

Utilities · CN · Market cap 5.2B CNY

A solid business, but screening 78% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥0.7200). The favourable scenario is already priced in.
• Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.

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 ¥1.59 – ¥5.18 · fair‑value band ¥0.5300 – ¥0.7200 · the ¥2.81 price screens above the ¥0.6300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Guangdong Meiyanjixiang Hydropower Co (600868) currently trades at ¥2.81, while our model-based Fair Value estimate is ¥0.6300, implying the stock looks roughly 77.6% overvalued today. The Quality Score stands at 55/100 (solid 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, Guangdong Meiyanjixiang Hydropower Co generated revenue of 369M CNY at a net margin of -26.3%. Revenue grew 57.9% year over year. It earns a return on equity of -9.6%. The balance sheet holds a net cash position of 445M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥0.5300 (bear case) to ¥0.7200 (bull case); at ¥2.81, 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 48% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at -78%, 600868 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.

Widest divergence: Asset-Based (¥0.6600) versus DCF Models (¥0.4500). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Guangdong Meiyanjixiang Hydropower Co.,Ltd. generates hydroelectric power in China. The company is involved in real estate development and operation; manufacturing; and other related businesses; investment activities using own funds; wholesale and retail of commercial materials; energy performance contracting; and construction engineering.

Full company description

Guangdong Meiyanjixiang Hydropower Co.,Ltd. generates hydroelectric power in China. The company is involved in real estate development and operation; manufacturing; and other related businesses; investment activities using own funds; wholesale and retail of commercial materials; energy performance contracting; and construction engineering. It also provides surveying and mapping services; geographic remote sensing information services; land consolidation services; information system integration services; planning and design management; land and space planning; data processing and storage support services; technology development, consulting, exchange, transfer, and promotion; power supply; and power generation, transmission, and distribution services. Guangdong Meiyanjixiang Hydropower Co.,Ltd. was founded in 1990 and is based in Meizhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangdong Meiyanjixiang Hydropower Co reported revenue of ¥369M in FY2025 versus ¥348M in FY2021, a compound +1.5%/yr. Reported net income was −¥97.1M in FY2025.

600868 screens 78% overvalued. Compare with China Yangtze Power Co →

Peer Group

Utilities - Renewable · 220 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 - Renewable 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.

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.

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 - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Explore undervalued stocks

More undervalued Utilities stocks →

Frequently asked questions

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.