China Yangtze Power Co Ltd (600900) Fair Value & Analysis
Utilities · CN · Market cap 685B CNY (≈ $102B) · ISIN CNE000001G87
What is China Yangtze Power Co Ltd really worth?
A solid business, but trading 13% above our fair value of ¥25.13.
As of Aug 22, 2026, the fair value of China Yangtze Power Co Ltd is ¥25.13 per share against a price of ¥28.42, so the fair value sits 12% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Aug 22, 2026
From 26 valuation models · updated 15 days ago
Share price +2.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A fairly wide model range (¥16.47 to ¥31.42) leaves room in how you read the outcome.
- The price sits in the upper half of our model range, so the margin of safety is thin.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range ¥15.51 – ¥29.49 · fair‑value band ¥16.47 – ¥31.42 · the ¥28.42 price screens above the ¥25.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.
Analysis
China Yangtze Power Co Ltd (600900) currently trades at ¥28.42, while our model-based Fair Value estimate is ¥25.13, implying the stock looks roughly 13.1% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Utilities sector. Bull case: the DCF Models group reads highest at a median of ¥26.13 per share, and 5 of the 26 models we run sit above the ¥28.42 price. Bear case: the Asset-Based group reads lowest at ¥6.38, and 21 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, China Yangtze Power Co Ltd generated revenue of 87.3B CNY at a net margin of 41.3%. Revenue grew 6.4% year over year. It earns a return on equity of 15.6%. The balance sheet holds a net cash position of 10.3B CNY. Fundamentals as of Aug 22, 2026
Our scenario range runs from ¥16.47 (bear case) to ¥31.42 (bull case); at ¥28.42, 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 6% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at −12%, 600900 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 ¥0.3206 per share, which is 1.3 % 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.
All 26 models by family
Widest divergence: DCF Models (¥26.13) versus Asset-Based (¥6.38). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 68
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 Yangtze Power Co., Ltd., together with its subsidiaries, engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan. The company operates the Three Gorges, Gezhouba, Xiluodu, Xiangjiaba, Wudongde, and Baihetan hydropower stations with an installed capacity of 71.695 MW.
Full company description
China Yangtze Power Co., Ltd., together with its subsidiaries, engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan. The company operates the Three Gorges, Gezhouba, Xiluodu, Xiangjiaba, Wudongde, and Baihetan hydropower stations with an installed capacity of 71.695 MW. It also engages in smart integrated energy; new energy; power distribution and sales; investment and financing; and pumped storage businesses, as well as overseas power station operation, maintenance, management, and consultation services. China Yangtze Power Co., Ltd., was founded in 2002 and is headquartered in Beijing, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Yangtze Power Co Ltd reported revenue of 85.9B CNY in FY2025 versus 54.5B CNY in FY2021, a compound +12.0%/yr. Reported net income was 34.2B CNY in FY2025, compounding +6.8%/yr from FY2021.
of which total revenue +8.2 % · buybacks/dilution −2.1 %
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).
600900 screens 13% overvalued. Compare with Ørsted A/S →
Peer Group
Utilities - Renewable · 212 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
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must China Yangtze Power Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands roughly the growth the company recently delivered. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: Chinese Stocks
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ørsted A/S ORSTED | kr 139.25 | kr 31.40 | −77% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.79 | ¥5.57 | −43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,319 | ₹169.61 | −87% |
| AXIA Energia SA AXIAP | $10.74 | $9.49 | −12% |
| VERBUND AG VER | €59.65 | €55.03 | −8% |
| BEP BEP | $31.27 | $70.40 | +125% |
| BEPUN BEPUN | C$45.05 | C$42.83 | −5% |
| Fortum Oyj FORTUM | €19.80 | €13.55 | −32% |
| China Longyuan Power Group 001289 | ¥15.92 | ¥7.55 | −53% |
| SDIC Power Holdings 600886 | ¥13.95 | ¥16.63 | +19% |
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