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China Nuclear Engineering Corporation (601611) Fair Value & Analysis

Industrials · CN · Market cap 35.2B CNY

CN China Nuclear Engineering Corporation 601611 · SHG
Price¥11.69
Fair Value¥8.43
Upside-27.9%
Quality38/100
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Expensive Growth
Thin margins · 1.2% net margin
Moderate debt · negative free cash flow
0.50% dividend yield
Trails peers (4/13)
Narrow moat 26/100
Evidence: Medium Range ¥6.89 – ¥9.49 Share as image

Fair value as of: Aug 10, 2026

From 17 valuation models · updated today

Fair value updated Aug 10, 2026, revised from ¥8.70 to ¥8.43 (−3.1%) since Jul 11, 2026. Share price +16.7% over the past month.

Below-average quality, and screening another 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥9.49). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥19.94 ¥6.14 Fair Value ¥8.43 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

60‑month range ¥6.14 – ¥19.94 · fair‑value band ¥6.89 – ¥9.49 · the ¥11.69 price screens above the ¥8.43 fair value. Dashed = 300-day average. As of Aug 10, 2026.

Full chart & analysis →

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Analysis

China Nuclear Engineering Corporation (601611) currently trades at ¥11.69, while our model-based Fair Value estimate is ¥8.43, implying the stock looks roughly 27.9% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials 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, China Nuclear Engineering Corporation generated revenue of 95.4B CNY at a net margin of 1.2%. Revenue declined 22.1% year over year. It earns a return on equity of 4.8%. Net debt stands at 40.2B CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥6.89 (bear case) to ¥9.49 (bull case); at ¥11.69, 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 42% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -28%, 601611 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥8.29 ¥8.32 ¥7.62 76
ROIC Compounder ¥13.91 ¥20.37 ¥29.32 72
Gordon GGM ¥9.39 ¥19.51 ¥30.96 70
All 17 models by family
DCF Models
Owner Earnings ¥9.84 ¥20.73 ¥38.53 31
Earnings-Based
Graham-Dodd ¥2.98 ¥11.62 ¥15.77 54
Lynch FV ¥2.86 ¥4.08 ¥5.31 50
PEG = 1.0 ¥2.86 ¥4.08 ¥5.31 46
EPV ¥13.10 ¥16.29 ¥19.09 59
Dividend Discount
Gordon GGM ¥9.39 ¥19.51 ¥30.96 70
DDM Multi-Stage ¥9.39 ¥16.45 ¥20.48 61
Multiples
P/E Multiple ¥6.89 ¥9.19 ¥11.49 63
P/S Multiple ¥5.58 ¥7.44 ¥9.30 58
P/B Multiple ¥5.58 ¥7.44 ¥9.30 55
EV/EBIT ¥22.45 ¥31.95 ¥41.46 53
EV/EBITDA ¥30.09 ¥42.15 ¥54.21 54
EV/Revenue ¥14.28 ¥23.00 ¥31.73 43
Asset-Based
NCAV (Graham) ¥5.51 ¥7.38 ¥11.01 50
Economic Profit
Residual Income ¥8.29 ¥8.32 ¥7.62 76
ROIC Compounder ¥13.91 ¥20.37 ¥29.32 72
Growth Earnings
Growth-Adj P/E ¥5.11 ¥7.30 ¥9.49 68

Widest divergence: DCF Models (¥20.73) versus Earnings-Based (¥4.08). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 95.4B CNY
Revenue growth (YoY) -22.1%
Net margin 1.2%
Return on equity 4.8%
Free cash flow −1.8B CNY FY2025
P/E ratio 34.6
More key figures
Operating margin 5.4%
EPS (TTM) ¥0.3100
Dividend yield 0.6%
EPS growth (YoY) -18.8%
Net debt 40.2B CNY FY2025

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 35 · Market factors (momentum, volatility) 37

Profitability 20
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 100
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.

About the company

China Nuclear Engineering Corporation Limited engages in the nuclear power, industrial, and civil engineering businesses in China and internationally.

Full company description

China Nuclear Engineering Corporation Limited engages in the nuclear power, industrial, and civil engineering businesses in China and internationally. It is involved in the construction of nuclear power plants, high temperature reactors, heavy water reactors, experimental fast reactors, advanced research reactors, etc.; system engineering construction projects in the fields of nuclear industry, aerospace, aviation, shipbuilding, etc.; and industrial and civil engineering construction services, which covers housing construction, municipal administration, highways, bridges, tunnels, environmental protection, urban rail, petrochemical, water conservancy and hydropower construction, etc. The company was founded in 2010 and is headquartered in Shanghai, China. China Nuclear Engineering Corporation Limited operates as a subsidiary of China National Nuclear Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Nuclear Engineering Corporation reported revenue of ¥102B in FY2025 versus ¥83.7B in FY2021, a compound +5.0%/yr. Reported net income was ¥1.3B in FY2025, compounding −3.7%/yr from FY2021.

Growth Quality 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
102B CNY
Avg. growth/yr (3Y)
+10.7%
Avg. growth/yr (5Y)
+12.2%
Avg. growth/yr (13Y)
+12.4%
Revenue +5.0%/yr
FY21 ¥83.7B
FY22 ¥99.1B
FY23 ¥109B
FY24 ¥114B
FY25 ¥102B
Net income −3.7%/yr
FY21 ¥1.5B
FY22 ¥1.8B
FY23 ¥2.1B
FY24 ¥2.1B
FY25 ¥1.3B

601611 screens 28% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "China Nuclear Engineering Corporation Fair Value". https://www.fairvalue-calculator.com/stock/601611

Peer Group

Engineering & Construction · 837 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 38 · Bottom 25%
Fair Value upside −28% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 1.07× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 37.7× · Pricier than 75% of peers
P/B 1.06× · Cheaper than median
P/S (TTM) 0.37× · Cheaper than median
EV/EBITDA 5.1× · Cheaper than median

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 · sector 16
FUTURE 0 · sector 18
PAST 19 · sector 26
HEALTH 46 · sector 94
DIVIDEND 10 · sector 33

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is China Nuclear Engineering Corporation (601611) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥8.43 versus a price of ¥11.69, about −28% (overvalued).
What is the fair value of 601611?
Our model-based fair value for China Nuclear Engineering Corporation is ¥8.43 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥11.69.
What is the quality score of 601611?
China Nuclear Engineering Corporation has a Quality Score of 38/100. 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 revenue of China Nuclear Engineering Corporation (601611)?
China Nuclear Engineering Corporation reported trailing-twelve-month revenue of about 95.4B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 601611?
The net profit margin of China Nuclear Engineering Corporation is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does China Nuclear Engineering Corporation pay a dividend?
China Nuclear Engineering Corporation currently shows a dividend yield of about 0.57% relative to its recent price (as of Aug 10, 2026).

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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