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Data-driven stock valuation

Guangan (600979) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Guangan stock ¥0.71, price ¥3.57, that is 80.1% below the price, quality 27 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Utilities CN · ISIN CNE000001L23

G Guangan logo Thin data Nov 7, 2026

Guangan

600979 · SHG
Very expensive, weak quality

Our calculation puts a fair price 80% below what the stock costs today.

Expensive Growth (revenue 5y +6.0 %/yr in CNY)
Moderate debt
Fair value ¥0.7100 · Strongly overvalued
Quality 27/100
Loss-making · -11.9% net margin (TTM)
Negative free cash flow
Trails peers (4/12)
Narrow moat 23/100
Thin data
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What runs behind every stock

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

Price vs Fair Value

¥7.70 ¥2.66 Fair Value ¥0.7100 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range ¥2.66 – ¥7.70 · fair‑value band ¥0.3900 – ¥0.9900 · the ¥3.57 price screens above the ¥0.7100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

Sichuan Guangan Aaa Public Co.,Ltd engages in the electricity, gas, and water businesses in China. The company generates and supplies hydroelectric power; and supplies natural gas, electricity, and drinking water.

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It operates water supply and sewage treatment plants, as well as various hydropower stations and substations.

In addition, the company operates gas storage and distribution stations, that includes LNG storage and distribution stations; and gas valve stations, regional pressure regulating stations, and CNG refueling stations serving various households.

Sichuan Guangan Aaa Public Co.,Ltd was founded in 1999 and is based in Guang'an, China.

Stock analysis

Guangan (600979) currently trades at ¥3.57, while our model-based Fair Value estimate is ¥0.7100, 80% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ¥2.93 per share, and 1 of the 6 models we run sit above the ¥3.57 price.

Bear case: the Earnings-Based group reads lowest at ¥0.7100, and 5 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥0.3900 (bear) to ¥0.9900 (bull), the price of ¥3.57 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 27/100 (below-average quality), in the Utilities sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Guangan reported revenue of 3.0B CNY in FY2025 versus 2.4B CNY in FY2021, a compound +6.1%/yr. Reported net income was −365M CNY in FY2025.

Key figures

Market cap 4.5B CNY (≈ $675M) Small · P/S ratio 1.47 · EPS (TTM) ¥−0.2900 · Dividend yield 4.0% · Net margin −11.9% · Return on equity −7.6% · Return on assets (EBIT) 2.7% (5-year average) · Operating margin 10.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).

What moves the price

The share trades about 39% 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 −38% fair-value upside, at −80%, 600979 screens richer than that median.

Fair Value models

Bear ¥0.3900 Fair Value ¥0.7100 Bull ¥0.9900
Price ¥3.57 · Downside -80.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV ¥0.3900 ¥0.7100 ¥0.9900 71
ROIC Compounder ¥0.3900 ¥0.7100 ¥0.9900 70
EV/EBITDA ¥2.89 ¥4.55 ¥6.20 66
All 6 models by family
Earnings-Based
EPV ¥0.3900 ¥0.7100 ¥0.9900 71
Multiples
EV/EBIT ¥1.68 ¥2.93 ¥4.18 64
EV/EBITDA ¥2.89 ¥4.55 ¥6.20 66
EV/Revenue ¥0.9600 ¥2.26 ¥3.56 50
Asset-Based
NCAV (Graham) ¥1.47 ¥1.98 ¥2.95 54
Economic Profit
ROIC Compounder ¥0.3900 ¥0.7100 ¥0.9900 70

Open the full fair value analysis →

Quality Score breakdown

Overall quality 27/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 8
Are margins and returns getting better?
Cashflow 14
Do the profits arrive as real cash?
Financial strength 27
Debt, balance sheet and risk of trouble
Investment 54
Does it invest with discipline instead of growing at any price?
Low Volatility 68
How calm the share price moves, does not count
Price momentum 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 71
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 13/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−5.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 24 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.5%
Profit margin (trend) ⓘ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.
13.5% (2019) → 9.9% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

600979 screens overvalued: fair value 80% below the price. Compare with NextEra Energy, Inc →

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Peer Groupⓘ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.Utilities - Regulated Electric · 155 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside −80.1% · Bottom 25%
Profitability
Return on assets −2.8% · Bottom 25%
Net margin (12 months) −11.9% · Bottom 25%
Operating margin (12 months) 10.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) 4.6% · Below median
Dividend yield (12 months) 4.0% · Above median
Balance sheet
Debt / equity 0.64× · Below median

Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper

P/B 1.09× · Cheaper than median
P/S (12 months) 1.49× · Cheaper than median
EV/EBITDA 9.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 15
FUTURE (revenue growth)23 · sector 27
PAST (return on equity)0 · sector 40
HEALTH (low debt)68 · sector 52
DIVIDEND (yield)80 · sector 64

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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.

Stock Price Fair Value vs Fair Value Compare
PG&E Corporation PCG $12.97 $17.29 +33% vs 600979
American Electric Power Company AEP $126.53 $100.03 −21% vs 600979
Exelon Corporation EXC $45.62 $36.01 −21% vs 600979
Xcel Energy Inc XEL $79.67 $53.45 −33% vs 600979
The Southern Company SO $92.34 $56.88 −38% vs 600979
Duke Energy Corporation DUK $127.78 $75.79 −41% vs 600979
Dominion Energy, Inc D $68.60 $37.88 −45% vs 600979
Consolidated Edison, Inc ED $118.56 $47.59 −60% vs 600979
NextEra Energy, Inc NEE $86.95 $29.83 −66% vs 600979
Entergy Corporation ETR $110.55 $37.37 −66% vs 600979

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Guangan: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Guangan Fair Value". https://www.fairvalue-calculator.com/stock/600979

Frequently asked questions

Is Guangan (600979) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥0.7100 versus a price of ¥3.57, about 80% lower (overvalued).
What is the fair value of 600979?
Our model-based fair value for Guangan is ¥0.7100 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥3.57.
What is the quality score of 600979?
Guangan has a Quality Score of 27/100. 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 Guangan (600979)?
Our model-based price target is the fair value of ¥0.7100 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario ¥0.3900, optimistic scenario ¥0.9900. It is a calculation from audited fundamentals, not an analyst target.
What is the Guangan stock forecast for 2026?
Our models put fair value at ¥0.7100, about 80% lower versus a price of ¥3.57 (overvalued). Cautious scenario ¥0.3900, optimistic scenario ¥0.9900. The calculation is refreshed regularly with new filings.
What is the revenue of Guangan (600979)?
Guangan reported trailing-twelve-month revenue of about 3.0B CNY (latest available figure, as of Nov 7, 2026).
Does Guangan pay a dividend?
Guangan currently shows a dividend yield of 4.00% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Guangan (600979)?
Guangan has a dividend yield of 4.0%.
What is the intrinsic value of Guangan (600979)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guangan it is ¥0.7100 per share (as of Nov 7, 2026), against a price of ¥3.57. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Guangan stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 600979 trades above its calculated fair value: price ¥3.57, fair value ¥0.7100, a gap of about −80% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600979?
No. The price is what the market pays today (¥3.57); the fair value is what the company's own numbers justify (¥0.7100). For Guangan the two are ¥2.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Guangan worth?
The market values Guangan at about 4.5B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥3.57; our models calculate a fair value of ¥0.7100 per share.
What do the bullish and bearish scenarios say about 600979?
Our models span a range for Guangan: cautious scenario ¥0.3900, base ¥0.7100, optimistic ¥0.9900 per share (as of Nov 7, 2026, price ¥3.57). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Guangan (600979)?
Balance-sheet figures for Guangan (as of Nov 7, 2026): return on equity −7.6%, debt of 0.64 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is 600979 from its 52-week high?
Guangan trades at ¥3.57, about 39% below its 52-week high of ¥5.85 and 3% above the low of ¥3.46 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.7100 is for.
Which stocks are comparable to Guangan?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Guangan stock attractive at the current price?
The data as of Nov 7, 2026: price ¥3.57, calculated fair value ¥0.7100 (−80%), Quality Score 27/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600979 calculated?
We run Guangan through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥0.7100 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Guangan itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Guangan (600979)?
The closing price on Nov 6, 2026 was ¥3.57. Our model-based fair value is ¥0.7100, about 80% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guangan right now?
The price sits above even our optimistic bull case (¥0.9900). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥0.3900 to ¥0.9900) leaves room in how you read the outcome.
Where does the earnings growth of Guangan (600979) come from?
Earnings per share at Guangan grew +3.3 % a year from 2013 to 2024. Broken into its drivers: revenue per share +4.3 %, EBIT margin +2.9 %, tax rate −1.0 %, residual (interest, one-offs) −2.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Guangan

How large is the market capitalisation of Guangan (600979)?
The market capitalisation of Guangan is 4.5B CNY (≈ $675M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Guangan (600979)?
The price-to-sales ratio of Guangan is 1.47 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Guangan (600979)?
Earnings per share at Guangan are ¥−0.2900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Guangan (600979)?
The dividend yield of Guangan is 4.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Guangan (600979)?
The net margin of Guangan is −11.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Guangan (600979)?
The return on equity (ROE) of Guangan is −7.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Guangan (600979)?
On an EBIT basis the return on assets of Guangan is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Guangan (600979)?
The operating margin of Guangan is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guangan (600979)?
Revenue at Guangan is growing +4.6% versus a year earlier (3y avg +5.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Guangan (600979)?
Earnings per share at Guangan are growing +2.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Guangan (600979) generate?
The free cash flow of Guangan is −547M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Guangan (600979) carry?
The net debt of Guangan is 2.6B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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